Associated Banc-Corp (NYSE:ASB) saw its shares rise 1.9% in after-hours trading on Tuesday after the company disclosed dividend declarations and a fresh share repurchase authorization.
The bank holding company’s Board of Directors approved a regular quarterly cash dividend of $0.24 per common share. That dividend is scheduled to be paid on March 16, 2026, to shareholders of record as of March 2, 2026.
In addition to the common dividend, the Board declared quarterly payments on the company’s preferred stock issues. Holders of the 5.875% Series E Perpetual Preferred Stock will receive $0.3671875 per depositary share, while holders of the 5.625% Series F Perpetual Preferred Stock will receive $0.3515625 per depositary share.
Signaling a further capital-return initiative, Associated’s Board authorized a new $100 million common stock repurchase program. The authorization is intended to operate alongside the remaining authority under the company’s prior buyback program, potentially reducing the outstanding share count should purchases be executed.
The company noted that any repurchases under these programs will be subject to regulatory limitations. Management may carry out repurchases through several channels, including open market transactions, block trades, or accelerated share repurchase programs, depending on conditions and regulatory allowances.
Associated Banc-Corp is headquartered in Green Bay, Wisconsin, and conducts the majority of its business in Wisconsin, Illinois, and Minnesota. The bank provides a full range of banking products and services to both individual and business customers in those primary markets.
Market reaction - The dividend and buyback announcements coincided with a 1.9% gain for the company’s common stock in after-hours trading on Tuesday, reflecting immediate investor response to the Board’s capital allocation decisions.
What the actions mean - The dividend declarations establish the timeline and amounts for common and preferred payouts, while the new repurchase authorization expands the company’s ability to return capital to shareholders, subject to regulatory rules and available repurchase authorities.
Note: Details in this report are based solely on the company disclosures provided in the announcement.