Associated Banc-Corp 1Q Net Falls 9.4% To $66.5M >ASBC

Associated Banc-Corp 1Q Net Falls 9.4% To $66.5M >ASBC

Last Update: 4/17/2008 2:43:59 PM

DOW JONES NEWSWIRES

Associated Banc-Corp’s (ASBC) first quarter net income fell 9.4% to $66.5
million, or 52 cents a share, from $73.4 million, or 57 cents a share, due in
part to a higher loan-loss provision.

The Green Bay, Wis., multibank holding company said net interest income increased
3.8% to $165.1 million from $159 million last year.

The provision for loan losses quadrupled to $23 million from $5.08 million the
previous year, while net charge-offs were $16 million in the most-recent period.

Total assets as of March 31 were $21.9 billion, up from $21.59 billion Dec. 31.

-Amanda Harris Falls; 201-938-5400; AskNewswires@dowjones.com

Order free Annual Report for Associated Banc-Corp.

Visit http://djnewswires.ar.wilink.com/?link=ASBC or call 1-888-301-0513

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