Associated Banc-Corp, the Green Bay-based parent company of Associated Bank, reported fourth quarter net income $45 million, or 26 cents per share, up from $40 million, or 23 cents per share, in the same period a year ago.
For the full year ended Dec. 31, 2012, the company reported net income of $174 million, or $1.00 per share, up from $115 million, or 66 cents per share, for the previous year.
“This year’s strong performance was the result of the commitment of our colleagues to serving the needs of customers across the footprint,” said Associated president and chief executive officer Philip Flynn. “We are proud to have restored Associated to its position as a strong Upper Midwestern franchise and we are pleased to have been able to deliver value for our shareholders over the course of 2012. We continue to be encouraged by the momentum throughout the company and we look forward to the opportunity to continue to grow Associated.”