Green Bay-based Associated Banc-Corp reported second quarter net income of $46.4 million, or 28 cents per share, down from $47.9 million, or 28 cents per share, in the second quarter of 2013.
Net interest income was $168.7 million, up from $160.2 million in the same period a year ago. Average loans were up 3 percent, to $16.6 billion.
Total deposits were $17.3 billion, down from $17.5 billion in the second quarter of 2013. Total assets were $25.7 million, down from $25.8 million in the same period a year ago.
But net mortgage banking income was down 72 percent year-over-year, and net capital markets income was down 58.6 percent.
“We are pleased to report another quarter of solid results,” said Philip Flynn, president and chief executive officer. “Our 2014 results continue to be driven by robust loan growth, particularly in our commercial businesses. We remain focused on expense management and improving operational efficiency. We will continue to be opportunistic in the ways we deploy capital while remaining consistent with our commitment to build long-term shareholder value at Associated.”
