Associated Banc-Corp (ASB) shares surged 18.48% in the pre-market trading session on Friday, following the bank's impressive fourth-quarter 2024 earnings report and solid loan growth.
The key highlights driving the stock's rally include:
According to Andrew Harmening, CEO of Associated Banc-Corp, the company's positive results are driven by the successful hiring of high-quality relationship managers and their ramped-up production, particularly in the commercial and industrial (C&I) and asset-based lending businesses. Additionally, improved customer satisfaction scores and household growth have directly impacted deposit growth.
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