Associated Banc-Corp 8-K Filing Insights: Stock & Preferred Securities Update

$ASB
8-K
Filed on: 2025-02-10
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Associated Banc-Corp 8-K Filing Insights: Stock & Preferred Securities Update

Here’s a summary of the key information extracted from the financial report section provided:

  1. Entity Information:
  • Company Name: Associated Banc-Corp
  • CIK (Central Index Key): 0000007789
  • Incorporation State: Wisconsin
  • Address: 433 Main Street, Green Bay, WI 54301
  • Phone Number: 920-491-7500
  1. Filing Details:
  • Form Type: 8-K
  • Filing Date: February 10, 2025
  • SEC File Number: 001-31343
  • EIN (Employer Identification Number): 39-1098068
  1. Stock Information:
  • Common Stock: Par value of $0.01 per share listed on NYSE under ticker ASB.
  • Preferred Stock Series:
    • Series E: 5.875% Non-Cumulative Perpetual Preferred Stock, represented by depositary shares, with ticker ASB PrE on NYSE.
    • Series F: 5.625% Non-Cumulative Perpetual Preferred Stock, represented by depositary shares, with ticker ASB PrF on NYSE.
  • Subordinated Notes:
    • 6.625% Fixed-Rate Reset Subordinated Notes due 2033, represented by ticker ASBA on NYSE.
  1. Exchange Information:
  • The company is listed on the New York Stock Exchange (XNYS).
  1. Key Dates:
  • All reported information pertains to the specific date of February 10, 2025.
  1. Securities Classifications:
  • The report references multiple segments, including various classes of stock such as Series E and Series F preferred stock, as well as subordinated notes.

Insights:

  • Associated Banc-Corp appears to be actively managing multiple classes of securities, indicating a strategy to cater to different investor preferences, particularly through preferred stocks and subordinated debt.
  • The presence of non-cumulative preferred stock suggests a focus on maintaining financial flexibility while still offering investors fixed dividends.
  • The filing of an 8-K indicates that the company is reporting significant events or changes that may be material to investors, which could be worth further investigation for context.
  • The structure with depositary shares for preferred stocks could appeal to investors looking for income-generating securities with lower risk compared to common equities.

This information can be useful for investors, analysts, and stakeholders looking to assess the company's financial health and investment opportunities.

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