Operator
Good afternoon, everyone, and welcome to Associated Banc-Corp s Fourth Quarter 2020 Earnings Conference Call. My name is Diego, and I will be your operator today.
[Operator Instructions] We will be conducting a question-and-answer session at the end of this conference. Copies of the slides that will be referenced during today s call are available on the Company s website at investor.associatedbank.com. As a reminder, this conference call is being recorded.
As outlined on Slide 1, during the course of the discussions today, management may make statements that constitute projections, expectations, beliefs or similar forward-looking statements. Associated s actual results could differ materially from the results anticipated or projected in any such forward-looking statements. Additional detailed information concerning the important factors that could cause Associated s actual results to differ materially from the information discussed today is readily available on the SEC we
Share this article
Share this article
GREEN BAY, Wis., Jan. 21, 2021 /PRNewswire/ Associated Banc-Corp (NYSE: ASB) ( Associated or Company ) today reported net income available to common equity ( earnings ) of $62 million, or $0.40 per common share, for the quarter ended December 31, 2020. These amounts compare to earnings of $40 million, or $0.26 per common share for the quarter ended September 30, 2020. For the year ended December 31, 2020, the Company reported earnings of $288 million, or $1.86 per common share; or $1.19 per common share excluding the gain on sale of Associated Benefits and Risk Consulting
1. These amounts compare to earnings of $312 million, or $1.91 per common share, for the year ended December 31, 2019.
Pennexx Announces its Smartphone, Tablet and Laptop App Development Project and Discusses the Associated Benefits of These Applications GlobeNewswire
Philadelphia, PA, Dec. 21, 2020 (GLOBE NEWSWIRE)
via NewMediaWire  Pennexx (PNNX) has announced its initiative to creating applications to enhance its currentÂ
https://yoursocialoffers.com Your Social Offers (YSO) platform.
Pennexx has been developing this application in conjunction with OEM manufacturers to be compatible with Android and Apple IOS smartphones and tablets as well as Microsoft Windows and Google Chrome laptops and tablets.Â
This application will generate new and exciting opportunities for the YSO brand because it enhances its availability and functionality. The company is working on contracts with OEM manufacturers and resellers to have the software pre-installed (preloaded and bundled) on devices to create an immediate value to shareholders and the company s revenues while creating a u
Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko
Regional bank consolidation has really ratcheted up in the final months of 2020, with three major deals announced since October. The trend is only expected to continue in 2021 as regional banks look to further add scale and invest in digital capabilities to better compete with the megabanks. Acquisitions can often result in a nice premium for the bank being acquired, so it s a good idea to look for acquisition candidates. Although it isn t always the case, one good indicator of a potential bank acquisition candidate is a low price-to-tangible-book (P/TBV) value. Banks with higher P/TBVs tend to go after banks with lower P/TBVs in order to maximize the value of their stock currency. Here are four banks with more than $2