What is Associated Banc-Corp's loans held for sale?

Associated Banc-Corp (ASB) reported loans held for sale of $44.72M in Q2 2022.

What does loans held for sale mean?

Originated mortgage loans intended for sale into the secondary market, carried at fair value or lower of cost/market.

Associated Banc-Corp ASB Loans held for sale

Loans held for sale at other companies

U.S. BancorpUSB

$2.93B+67.7%

Ameris BancorpABCB

$496.63M-8.9%

Atlantic Union BanksharesAUB

$20.78M+118%

Commerce BancsharesCBSH

$2.08M-28.0%

ServisFirst BancsharesSFBS

$12.89M+13.2%

JPMorgan ChaseJPM

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Other financials

Income statement

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Revenue$383.0M+11.1%

Net income$119.6M+17.7%

EPS (diluted)$0.70+18.6%

Balance sheet

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Total debt$4.4B+48.7%

Total equity$5.0B+6.6%

Total assets$45.6B+5.3%

Cash flow

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Operating cash flow$135.9M+38.4%

CapEx$8.7M+16.4%

Free cash flow$127.2M+40.2%

Valuation

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Market cap$5.52B+14.6%

P/E11.2×—

P/S3.6×-0.9×

Profitability

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Net margin32.3%—

FCF margin40.4%-4.9pp

Returns & leverage

See full

Return on equity10.2%—

Debt / equity0.9×+0.2×

Where this comes from

Reported directly by Associated Banc-Corp in its filing.

Tagged under the XBRL concept us-gaap:LoansReceivableHeldForSaleAmount.

The official record: Associated Banc-Corp’s 10-Q, filed July 28, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Associated Banc-Corp's loans held for sale?: Associated Banc-Corp (ASB) reported loans held for sale of $44.72M in Q2 2022.
What does loans held for sale mean?: Originated mortgage loans intended for sale into the secondary market, carried at fair value or lower of cost/market.