26/08/2024 | Press release | Distributed by Public on 26/08/2024 12:40
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Per Note
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Total
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Initial public offering price(1)
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| | | | % | | | | | $ | | | |
Underwriting discount
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| | | | % | | | | | $ | | | |
Proceeds, before expenses, to Associated Banc-Corp(1)
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| | | | % | | | | | $ | | | |
| RBC Capital Markets | | |
BofA Securities
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Citigroup
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Page
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-i | | |
WHERE YOU CAN FIND MORE INFORMATION
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| | | | S-ii | | |
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-iii | | |
SUMMARY
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| | | | S-1 | | |
THE OFFERING
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| | | | S-3 | | |
RISK FACTORS
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| | | | S-6 | | |
USE OF PROCEEDS
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| | | | S-12 | | |
CAPITALIZATION
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| | | | S-13 | | |
DESCRIPTION OF THE NOTES
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| | | | S-14 | | |
CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES
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| | | | S-30 | | |
CERTAIN ERISA CONSIDERATIONS
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| | | | S-35 | | |
UNDERWRITING
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| | | | S-37 | | |
VALIDITY OF NOTES
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| | | | S-42 | | |
EXPERTS
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| | | | S-43 | | |
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Page
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ABOUT THIS PROSPECTUS
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| | | | 1 | | |
WHERE YOU CAN FIND MORE INFORMATION
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| | | | 2 | | |
RISK FACTORS
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| | | | 3 | | |
FORWARD-LOOKING STATEMENTS
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| | | | 3 | | |
ASSOCIATED BANC-CORP
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| | | | 4 | | |
CERTAIN REGULATORY CONSIDERATIONS
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| | | | 5 | | |
USE OF PROCEEDS
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| | | | 6 | | |
DESCRIPTION OF SENIOR AND SUBORDINATED DEBT SECURITIES
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| | | | 6 | | |
DESCRIPTION OF COMMON STOCK
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| | | | 14 | | |
DESCRIPTION OF PREFERRED STOCK
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| | | | 15 | | |
DESCRIPTION OF DEPOSITARY SHARES
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| | | | 16 | | |
DESCRIPTION OF WARRANTS
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| | | | 19 | | |
DESCRIPTION OF UNITS
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| | | | 21 | | |
CERTAIN ERISA CONSIDERATIONS
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| | | | 22 | | |
GLOBAL SECURITIES
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| | | | 23 | | |
SELLING SECURITY HOLDERS
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| | | | 23 | | |
PLAN OF DISTRIBUTION
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| | | | 24 | | |
LEGAL MATTERS
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| | | | 28 | | |
EXPERTS
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| | | | 28 | | |
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As of June 30, 2024
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(dollars in thousands)
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Actual
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As Adjusted
for Note Issuance |
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(unaudited)
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Liabilities and Stockholders' Equity | | | | | | | | | | | | | |
Noninterest-bearing demand deposits
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| | | $ | 5,815,045 | | | | | $ | 5,815,045 | | |
Interest-bearing deposits
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| | | | 26,875,995 | | | | | | 26,875,995 | | |
Total deposits
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| | | | 32,691,039 | | | | | | 32,691,039 | | |
Federal funds purchased and securities sold under agreements to
repurchase |
| | | | 359,539 | | | | | | 359,539 | | |
Other short-term funding
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| | | | 500,000 | | | | | | 500,000 | | |
Total short-term funding
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| | | | 859,539 | | | | | | 859,539 | | |
FHLB Advances
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| | | | 2,673,046 | | | | | | 2,673,046 | | |
Subordinated notes
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| | | | 550,000 | | | | | | 550,000 | | |
Senior notes
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| | | | - | | | | | | | | |
Other long-term funding and capitalized costs
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| | | | (13,887) | | | | | | (13,887) | | |
Total long-term funding
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| | | | 536,113 | | | | | | | | |
Allowance for unfunded commitments
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| | | | 33,776 | | | | | | 33,776 | | |
Accrued expenses and other liabilities
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| | | | 588,057 | | | | | | 588,057 | | |
Total liabilities
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| | | $ | 37,381,571 | | | | | $ | | | |
Stockholders' equity | | | | | | | | | | | | | |
Preferred equity
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| | | $ | 194,112 | | | | | $ | 194,112 | | |
Common stock
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| | | | 1,752 | | | | | | 1,752 | | |
Surplus
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| | | | 1,711,316 | | | | | | 1,711,316 | | |
Retained earnings
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| | | | 3,070,762 | | | | | | 3,070,762 | | |
Accumulated other comprehensive loss
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| | | | (219,214) | | | | | | (219,214) | | |
Treasury stock, at cost
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| | | | (516,391) | | | | | | (516,391) | | |
Total stockholders' equity
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| | | $ | 4,242,337 | | | | | $ | 4,242,337 | | |
Total liabilities and stockholders' equity
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| | | $ | 41,623,908 | | | | | $ | | | |
Capital Adequacy Common equity tier 1 capital ratio
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| | | | 9.68% | | | | | | % | | |
Tier 1 capital ratio
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| | | | 10.27% | | | | | | % | | |
Total capital ratio
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| | | | 12.34% | | | | | | % | | |
Underwriters
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Principal
Amount of Notes |
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BofA Securities, Inc.
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| | | $ | | | |
Citigroup Global Markets Inc.
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| | | | | | |
RBC Capital Markets, LLC
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Total
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| | | $ | | |
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Page
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| |||
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 2 | | |
RISK FACTORS
|
| | | | 3 | | |
FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
ASSOCIATED BANC-CORP
|
| | | | 4 | | |
CERTAIN REGULATORY CONSIDERATIONS
|
| | | | 5 | | |
USE OF PROCEEDS
|
| | | | 6 | | |
DESCRIPTION OF SENIOR AND SUBORDINATED DEBT SECURITIES
|
| | | | 6 | | |
DESCRIPTION OF COMMON STOCK
|
| | | | 14 | | |
DESCRIPTION OF PREFERRED STOCK
|
| | | | 15 | | |
DESCRIPTION OF DEPOSITARY SHARES
|
| | | | 16 | | |
DESCRIPTION OF WARRANTS
|
| | | | 19 | | |
DESCRIPTION OF UNITS
|
| | | | 21 | | |
CERTAIN ERISA CONSIDERATIONS
|
| | | | 22 | | |
GLOBAL SECURITIES
|
| | | | 23 | | |
SELLING SECURITY HOLDERS
|
| | | | 23 | | |
PLAN OF DISTRIBUTION
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| | | | 24 | | |
LEGAL MATTERS
|
| | | | 28 | | |
EXPERTS
|
| | | | 28 | | |
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Our SEC Filings (File No. 001-31343)
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Period or Filing Date
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| Annual Report on Form 10-K | | | Year ended December 31, 2023 | |
| Quarterly Report on Form 10-Q | | | Quarter ended March 31, 2024 | |
| Current Report on Form 8-K | | | Filed on May 2, 2024 | |