GREEN BAY —
Associated Banc-Corp reported Thursday an increase of $1 million
in its net income during the first quarter of 2015 compared to
the same period in 2014.
The total net income for the first quarter of 2015 was $45
million, or $0.30 per common share, compared to $44 million, or
$0.27 per common share, for the quarter ended March 31, 2014.
“We are pleased to report another quarter of solid results.
Continued loan growth, a strong boost in insurance revenues, and
a benign credit environment all helped drive this quarter’s
performance,” said President and CEO Philip B. Flynn in a
statement. “We remain focused on our strategies to enhance
efficiency and on opportunities for disciplined capital
The Green Bay-based company reported that average loans grew
$428 million or 2 percent from the fourth quarter and average
total commercial loan balances grew $309 million, or 3 percent
from the fourth quarter, and accounted for the majority of this
quarter’s average loan growth.
In addition, average deposits grew $523 million or 3 percent
from the fourth quarter and net interest income of $168 million
increased $3 million or 2 percent from the comparable year ago
period, according to the announcement.