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From a macro perspective, $BLD expects the U.S. housing recovery will continue for the next several years. Although the company expects that it will certainly be advantaged by that, $BLD plans to outperform that recovery with organic growth and strategically selective acquisitions in both the residential and commercial space.
$ASB said Breck Hanson, vice chairman of the bank and Chicago market president, will retire from his position on December 31, 2017. Rod A. Murray, senior vice president, Commercial Banking business segment leader, was named as Chicago market president.
As $CSX posted 3Q17 results, it reaffirmed FY17 adjusted expectations with operating ratio around the high end of mid-60s and EPS growth to be 20–25% off the FY16 reported base of $1.81. Free cash flow before dividends is seen to be around $1.5Bil in the full year.
As $CSX posted 3Q17 results, it announced that the overall volume outlook in 4Q17 is neutral. For Intermodal and Export Coal, the guidance is favorable while it is neutral for Agriculture and Food, and Metals and Equipment in the coming quarter.
Even as nine empty rail cars derailed from a $CSX train on Oct 14 while traveling through Jacksonville, the railroad company posted 3Q17 results with net profit rising 1% to $459MM or $0.51 per diluted share. Net revenue inched 1% up to $2.74Bil.
$ASB closed the previously announced acquisition of Whitnell & Co. The acquisition is expected to increase both $ASB assets under management and related run-rate revenue by more than 10%. The transaction is not expected to have a material impact on $ASB's 2017 earnings and is expected to be accretive to $ASB's 2018 earnings.
$ASB's subsidiary Associated Bank appointed Patti Abel as its new community market president for Peoria. She is responsible for leading the Peoria team, providing market-leading customer service and partnering with all Associated Bank colleagues to deliver the full capabilities of the company.