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Associated Banc-Corp ASB Loans held for sale

Loans held for sale at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
$15.77B+19.3%
U.S. Bancorp logo
U.S. BancorpUSB
$3.04B+32.8%
Nicolet Bankshares logo
Nicolet BanksharesNIC
$19.39M+94.8%
Citizens Community Bancorp logo
Citizens Community BancorpCZWI
$941K-84.5%
Bank First Corporation logo
Bank First CorporationBFC
$4.84M-8.1%
Ameris Bancorp logo
Ameris BancorpABCB
$482.22M-11.4%

Other financials

Income statement

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Revenue$450.4M+22.7%
Net income$123.6M+11.1%
EPS (diluted)$0.63-3.1%

Balance sheet

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Total debt$591.1M-87.1%
Total equity$5.6B+17.9%
Total assets$51.8B+17.8%

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$5.91B+49.0%
P/E11.7×
P/S3.7×+0.1×

Profitability

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Net margin31.4%
FCF margin40.4%-4.9pp

Returns & leverage

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Return on equity9.7%
Debt / equity0.1×-0.9×

Where this comes from

Reported directly by Associated Banc-Corp in its filing.

Tagged under the XBRL concept us-gaap:LoansReceivableHeldForSaleAmount.

The source filing: Associated Banc-Corp’s 10-Q, filed July 28, 2022.

Filed
Jul 28, 2022, 4:21 PM EDT
Fiscal quarter
Q2 FY2022
Calendar quarter
Q2 2022
Accession
0000007789-22-000038
Line itemJun 30, 2022Dec 31, 2021
Equity securities19,03918,352
Federal Home Loan Bank and Federal Reserve Bank stocks, at cost237,616168,281
Residential loans held for sale42,676136,638
Commercial loans held for sale44,721
Loans26,494,69824,224,949
Allowance for loan losses(280,771)(280,015)
Loans, net26,213,92723,944,934
Tax credit and other investments275,165293,733

Item 1. Financial Statements (Unaudited):

FAQ

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.

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