Associated Banc-Corp (NYSE:ASB) Q1 2024 Earnings Call Transcript

Patrick Ahern: Yes. This is Pat Ahern. It’s pretty small. Call it $700 million in commitments. We actually just got done with – part of our deep dives that we’re doing on a quarterly basis, we did just carve out trucking and transportation this quarter. Pretty happy with the results. Don’t see a lot of emerging risk there. Certainly, the industry has seen some migration, given volume changes, giving some over capacity within the space. But our clients seem to be bouncing back resizing and we’re starting to see some of the shipping rates, the spot rates kind of bottom out here and there. So we feel pretty good about where we’re at.

Nicholas Moutafakis: Great. Thank you for the color. I’ll step back.

Patrick Ahern: Thank you.

Operator: Thank you. At this time, there are no further questions in queue.

Andrew Harmening: Well, I want to thank everyone for their interest in our continued story. It’s certainly a dynamic marketplace, macro marketplace. But we like the markets we’re in. We have room to run within those markets because we are not overly penetrated. And we seem to being able to build on Phase 1 of our strategic plan so far with Phase 2. So look forward to your continued interest and happy to answer any questions offline that we can. Thank you.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.