Associated reports earnings increase

Associated-Banc Corp. reported net income of $186 million ($1.16 per common share) for the year ending Dec. 31, compared to $184 million ($1.10/share) a year earlier.

For the fourth quarter ending Dec. 31, net income was $47.5 million (31 cents/share) compared to $46.5 million (28 cents/share) a year earlier.

Average loans in the fourth quarter of 2014 grew $1.2 billion to $16.8 billion, an increase of 8% from the previous year.

Average deposits came in at $18.5 billion for the fourth quarter, up 4% compared to the same period in 2013.

Net interest income of $681 million for 2014 was up $35 million, a 5% increase from 2013.