ASB

In late April 2026, Associated Banc-Corp reported higher first-quarter net interest income of US$307.19 million and net income of US$119.64 million year over year, while its board approved regular common and preferred dividends and authorized an additional US$100 million share repurchase program. The company also completed its American National acquisition, reduced quarterly net charge offs to US$5.31 million, and strengthened governance with a new Technology Committee and senior private banking hire, underscoring an emphasis on growth, credit discipline, and technology and risk oversight. We’ll now examine how the stronger earnings, expanded buybacks, and dividend declarations may influence Associated Banc-Corp’s investment narrative. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. To own Associated Banc-Corp, you need to be comfortable with a regional bank focused on higher-yield commercial lending, disciplined credit, and steady capital returns. The latest results, with higher net interest income and lower net charge offs, support that narrative, while the main near term swing factor remains credit quality in commercial and CRE portfolios. Recent announcements around dividends, buybacks, and governance tweaks do not materially change that core risk. The additional US$100 million share repurchase authorization is the most relevant update here, as it reinforces management’s focus on returning capital alongside earnings growth. For investors watching catalysts, this sits alongside the American National integration and ongoing deposit growth efforts, which together frame how much room the bank may have to keep supporting buybacks and dividends without straining its balance sheet. Yet behind the higher earnings and fresh buyback capacity, investors should also be aware of the growing exposure to commercial and CRE lending... Read the full narrative on Associated Banc-Corp (it's free!) Associated Banc-Corp's narrative projects $2.2 billion revenue and $684.6 million earnings by 2029. This requires 13.6% yearly revenue growth and about a $205.7 million earnings increase from $478.9 million today. Uncover how Associated Banc-Corp's forecasts yield a $30.50 fair value, a 8% upside to its current price. Simply...

Prosperity Bancshares, Inc.’s PB first-quarter 2026 adjusted earnings of $1.50 per share surpassed the Zacks Consensus Estimate of $1.41. The bottom line compared favorably with earnings of $1.37 in the prior-year quarter. In the reported quarter, Prosperity Bancshares completed the acquisitions of American Bank Holding and Southwest Bancshares. Also, it announced a deal to acquire Stellar Bancorp and its subsidiary for $2 billion. Results benefited from an increase in net interest income (NII) and non-interest income, alongside nil provisions. Higher loans and deposit balances were other positives. However, an increase in expenses due to the merger-related charges hurt the results to some extent. Results in the reported quarter excluded merger-related expenses of $42.5 million. Including those, net income available to common shareholders was $116.3 million or $1.16 per share compared with $130.2 million or $1.37 per share in the year-ago quarter. Our estimate for net income was $115.1 million. Total revenues were $367.6 million, up 19.9% year over year. The top line surpassed the Zacks Consensus Estimate of $352.9 million. NII rose 21% year over year to $321.2 million. Also, the net interest margin (NIM), on a tax-equivalent basis, expanded 37 basis points to 3.51%. Our estimates for NII and NIM were pegged at $295.6 million and 3.36%, respectively. Non-interest income totaled $46.5 million, up 12.5% year over year. The rise was driven by an increase in all fee-based revenue components, except for other non-interest income. Our estimate for the metric was pegged at $54.4 million. Non-interest expenses were $217.3 million, up 54.9% year over year. The rise was primarily due to merger-related expenses incurred in the reported quarter. Our estimate for non-interest expenses was $202.7 million. The efficiency ratio improved to 59.16% from 45.71% in the prior-year quarter. As of March 31, 2026, total assets were $43.6 billion, up 13.4% from the previous quarter. Total loans were $25.3 billion, up 16% sequentially. Deposits increased 14.6% sequentially to $32.6 billion. Our estimates for total loans and total deposits were $25.3 billion and $32.8 billion, respectively. As of March 31, 2026, the common equity tier 1 ratio was 15.44%, down from 16.92% in the year-ago quarter. The total risk-based capital ratio declined to 16.69% from 18.17% in the prior-year quarte...

GREEN BAY, Wis., April 30, 2026 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) announced today that Management expects to meet with investors during the following events in the second quarter of 2026: 2026 RBC Capital Markets US Banks Fixed Income Investor Symposium (virtual) on May 7, 2026 2026 Wells Fargo Financial Services Conference in Chicago, IL on May 13-14, 2026 2026 Truist Securities Financial Services Conference in New York, NY on May 19-20, 2026 Raymond James 2026 Chicago Bank Symposium in Chicago, IL on May 28, 2026 Additional information for investors can be accessed via Associated Banc-Corp's Investor Relations website at http://investor.associatedbank.com. ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NYSE: ASB) has total assets of approximately $50 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com. FORWARD-LOOKING STATEMENTS Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most...

GREEN BAY, Wis., April 28, 2026 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the results of the actions taken at its 2026 Annual Meeting of Shareholders. Annual Meeting Results The following directors were elected: John (Jay) B. Williams, chairman, Associated Banc-Corp, and chairman, Church Mutual Insurance Company Owen J. Sullivan, vice chairman, Associated Banc-Corp, and former president and chief operating officer of the former NCR Corporation Andrew J. Harmening, president and chief executive officer, Associated Banc-Corp Judith P. Greffin, former chief investment officer, Allstate Corporation Michael J. Haddad, chair of the board of directors, Schreiber Foods, Inc. Rodney Jones-Tyson, global chief human resources officer, Baird Financial Group Eileen A. Kamerick, adjunct professor of law and consultant Wende L. Kotouc, former executive co-chairperson and chief executive officer of American National Bank and executive vice president of American National Kristen M. Ludgate, former strategic advisor and former Chief People Officer at HP Inc. Cory L. Nettles, founder and managing director, Generation Growth Capital, Inc. Karen T. van Lith, founder and CEO of APEL Worldwide, LLC Shareholders also (1) approved named executive officer compensation, and (2) ratified the selection of KPMG LLP as Associated's independent accounting firm for 2026. The Board of Directors recognized R. Jay Gerken, Robert A. Jeffe, and Gale E. Klappa as they retired from the Board. "We are deeply grateful to Jay Gerken, Bob Jeffe and Gale Klappa for their many years of service and leadership," said John (Jay) B. Williams, Chairman of the Board. "In recognition of their contributions, the Company has made a $25,000 charitable donation in each director's honor to the charity of their choice. We thank them for their dedication and wish them the very best." Dividends Declared The Associated Board of Directors declared a regular quarterly cash dividend of $0.24 per common share, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026. The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026. The Board of Directors also d...

Associated Banc-Corp’s ASB first-quarter 2026 earnings of 70 cents per share beat the Zacks Consensus Estimate by a penny. The bottom line compared favorably with 59 cents in the prior-year quarter. Results reflected higher net interest income (NII) and non-interest income. A rise in loans and deposit balances, and lower provisions acted as tailwinds. However, higher expenses were an undermining factor. Net income available to common equity was $117 million, up 18% year over year. Our estimate for the metric was $113.7 million. Total revenues (FTE basis) for the quarter were $387.2 million, up from $349 million in the prior-year quarter. The top line outpaced the Zacks Consensus Estimate of $385 million. NII was $309.2 million, increasing 7% year over year. The net interest margin was 3.03%, up 6 basis points (bps). The rise was driven by a lower average cost of total interest-bearing liabilities. We had expected NII and net interest yield to be $300.2 million and 3.04%, respectively. Non-interest income totaled $75.9 million, improving 29% from the prior-year quarter. This primarily reflected increases in wealth management fees, service charges and deposit account fees, card-based fees, capital markets revenue and mortgage banking income. Our estimate for non-interest income was $72.5 million. Non-interest expenses were $219 million, up 4% year over year. The rise mainly reflected higher personnel, technology, business development and advertising, equipment and legal and professional costs, partially offset by lower occupancy, FDIC assessment, loan and foreclosure costs, and other expenses. Our estimate for non-interest expenses was $213.9 million. The adjusted efficiency ratio was 55.77%, down from 58.55% in the prior-year quarter. A fall in the efficiency ratio indicates an improvement in profitability. As of March 31, 2026, total loans were $31.8 billion, up 2% sequentially. The rise was primarily driven by higher commercial and business lending and commercial real estate lending. Our estimate for total loans was $31.7 billion. Total deposits rose 1% sequentially to $35.7 billion. Our estimate for total deposits was $36.4 billion. In the reported quarter, the company recorded a provision for credit losses of $11 million, down from $13 million in the prior-year quarter. Our estimate for the metric was $16.1 million. As of March 31, 2026, total non-perform...

For the quarter ended March 2026, Associated Banc-Corp (ASB) reported revenue of $387.19 million, up 11% over the same period last year. EPS came in at $0.70, compared to $0.59 in the year-ago quarter. The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $385 million. With the consensus EPS estimate being $0.69, the EPS surprise was +1.45%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Associated Banc-Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average Balance - Total earning assets and related interest income: $41.35 billion versus the four-analyst average estimate of $41.21 billion. Net Interest Margin: 3% versus the four-analyst average estimate of 3.1%. Net charge offs / average loans: 0.1% versus the four-analyst average estimate of 0.2%. Total nonperforming assets: $143.92 million compared to the $129.57 million average estimate based on three analysts. Adjusted efficiency ratio: 55.8% versus 55.9% estimated by three analysts on average. Nonaccrual loans: $110.58 million versus the two-analyst average estimate of $103.38 million. Net Interest Income (FTE): $311.33 million versus the four-analyst average estimate of $311.32 million. Total Noninterest Income: $75.86 million versus $73.42 million estimated by four analysts on average. Mortgage banking, net: $6.11 million compared to the $3.17 million average estimate based on four analysts. Card-based fees: $11.58 million versus the four-analyst average estimate of $12.16 million. Service charges and deposit accounts fees: $14.05 million versus the four-analyst average estimate of $13.7 million. Wealth management fees: $25.22 million versus the three-analyst average estimate of $25.14 million. View all Key Company Metrics for Associated Banc-Corp here>>> Shares of Associated Banc-Corp have returned +10.3% over the past month versus the Zacks S&P 500...

Acquisition closed: Associated closed the American National Bank deal on April 1 and expects systems/account conversion in late Q3 2026, updating its pro forma period-end growth targets to 17%–19% loan and total deposit growth and 19%–21% customer deposit growth. Commercial-driven growth but margin pressure: Total loans rose more than $600 million (C&I +$540M) and core customer deposits grew substantially, while first-quarter net interest income was $307 million and net interest margin fell to 3.03% as the bank accelerated funding to match rapid loan growth. Credit and capital remain stable: Q1 included an $11 million provision and $5 million of net charge-offs with an ACL ratio of 1.34%, CET1 at 10.47%, and management still expects 8%–10% income growth for 2026 and plans to use its $100 million buyback authorization. Interested in Associated Banc-Corp? Here are five stocks we like better. S&P Downgrades 5 Banks: What Does It Mean For The Market? Associated Banc (NYSE:ASB) reported first-quarter 2026 earnings of $0.70 per share as management highlighted continued momentum in commercial loan growth, customer acquisition, and early progress integrating the recently closed American National Bank acquisition. President and CEO Andy Harmening said the company entered 2026 “with strong momentum” following what he described as a “pivotal 2025” that included relationship loan and deposit growth, record customer growth, and solid credit performance. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting In the first quarter, Harmening said Associated posted annualized checking household growth of 2.2%—noting that the period is “typically a slower season for checking acquisition”—and delivered more than $500 million in period-end C&I loan growth, a 4.6% increase from December 31. Harmening also outlined steps the company has taken to accelerate growth in major metro markets, including key hires, a 23% year-over-year increase in marketing acquisition spend in the quarter, the launch of a new C&I office in Dallas, and the creation of a national franchise banking vertical. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand The company closed its acquisition of American National Bank on April 1. Harmening said the combined organization is expected to complete systems and account conversion in late third quarter 2026, and that purchase accounting adjustme...

GREEN BAY, Wis., April 23, 2026 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $117 million, or $0.70 per common share, for the quarter ended March 31, 2026. These amounts compare to earnings of $134 million, or $0.80 per common share, for the quarter ended December 31, 2025 and earnings of $99 million, or $0.59 per common share, for the quarter ended March 31, 2025. "After posting the strongest bottom line in company history in 2025, we maintained our growth momentum in the first quarter of 2026, with over $500 million in C&I loan growth, strong customer household growth, and steady credit performance," said President & CEO Andy Harmening. "We've also taken proactive steps to accelerate our growth trajectory in major metro markets by announcing several key hires, expanding our commercial presence, and closing on our acquisition of American National Corporation." "As we look to the remainder of 2026, we're well-positioned to navigate the current environment thanks to the resilience and stability of our Midwestern markets, our enhanced profitability profile, a solid capital position, and our ability to attract and deepen relationships. We look forward to providing additional updates on Associated's growth journey along the way." First Quarter 2026 Highlights Diluted earnings per common share of $0.70 Total period end loans of $31.8 billion (+2% vs. 4Q 2025; +5% vs. 1Q 2025) Total period end commercial & industrial loans of $12.3 billion (+5% vs. 4Q 2025; +13% vs. 1Q 2025) Total period end deposits of $35.7 billion (+1% vs. 4Q 2025; +2% vs. 1Q 2025) Total period end core customer deposits1 of $30.4 billion (+3% vs. 4Q 2025; +4% vs. 1Q 2025) Net interest income of $307 million ((1)% vs. 4Q 2025; +7% vs. 1Q 2025) Net interest margin of 3.03% Noninterest income of $76 million Noninterest expense of $219 million Provision for credit losses of $11 million Allowance for credit losses on loans / total loans of 1.34% Net charge offs / average loans (annualized) of 0.07% Book value / share of $29.04 Tangible book value / share1 of $22.23 Loans First quarter 2026 average total loans of $31.3 billion increased 1%, or $286 million, from the prior quarter and increased 4%, or $1.2 billion, from the same period last year. With respect to first quarter 2026 average balances by...

Performance was driven by robust C&I loan growth of $540 million, reflecting a 4.6% increase point-to-point as the bank successfully captures market share in major metropolitan areas. Management attributed the 2.2% annualized checking household growth to multi-year investments in digital modernization and a 23% increase in marketing acquisition spend. The bank is pivoting toward a 'major metro' strategy, expanding its footprint into high-growth markets like Dallas, Kansas City, and Omaha while continuing to drive growth in legacy metros like Milwaukee, Chicago, and the Twin Cities to diversify beyond its legacy Wisconsin base. Core customer deposits grew by $820 million, though management noted this was partially influenced by seasonal inflows in specific accounts that typically exit in the second quarter. Strategic positioning was bolstered by the April 1 closing of the American National Bank (ANB) acquisition, which provides entry into the fast-growing Nebraska market. Operational efficiency remains a priority, with management delivering flat noninterest expenses quarter-over-quarter despite significant investments in new revenue-producing talent. Full-year 2026 period-end loan growth is projected at 17% to 19% compared to 2025 year-end stand-alone results, reflecting both the American National Bank acquisition and sustained C&I momentum. Management noted that current economic forecasts contain fewer total rate cuts in the latter half of 2026 compared to prior projections, which supports the bank's growth strategy and asset-sensitive positioning. The systems and account conversion for American National Bank is scheduled for completion in late Q3 2026, positioning the combined company to grow and deepen relationships in markets like Omaha. Guidance for 2026 total deposit growth is set at 17% to 19%, with customer deposits expected to outpace total growth at 19% to 21%. The bank intends to utilize its $100 million share buyback authorization during 2026, supported by anticipated capital accretion from improved profitability. Delinquencies increased by $43 million due to two specific managed credits where extension processes carried into the second quarter, though management views this as a timing issue rather than a credit trend. The bank accelerated wholesale funding and CD production in Q1 to match rapid loan growth, which placed temporary downward pressur...

This article first appeared on GuruFocus. Earnings Per Share (EPS): $0.70 in Q1 2026. Total Loan Growth: Over $600 million or 2% versus the prior quarter. Commercial & Industrial (C&I) Loan Growth: $540 million versus the prior quarter. Total Deposits Growth: $179 million in Q1; core customer deposits grew by $820 million or 3%. Net Interest Income (NII): $307 million, a slight decrease from Q4 but a 7% increase from Q1 2025. Non-Interest Income: $76 million, decreased by $4 million from Q4. Non-Interest Expense: $219 million, slightly lower than the prior quarter. Net Charge-Offs: $5 million in Q1, with a net charge-off ratio of 7 basis points. Allowance for Credit Losses (ACLL): Increased by $6 million to $425 million. Core Customer Deposit Growth (Year-over-Year): Up 4.5% relative to the same period a year ago. Net Interest Margin (NIM): Decreased 3 basis points to 3.03% for the quarter. Common Equity Tier 1 (CET1) Ratio: 10.47% in Q1. Tangible Book Value Per Share: $22.23, up nearly $2 from Q1 last year. Warning! GuruFocus has detected 2 Warning Sign with NEM. Is ASB fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Associated Banc-Corp (NYSE:ASB) reported strong loan growth in Q1 2026, with total loans increasing by over $600 million or 2% compared to the previous quarter. The company achieved a 2.2% annualized growth in checking households, indicating successful customer acquisition efforts. ASB completed the acquisition of American National Bank, which is expected to enhance its growth prospects in major metropolitan markets such as Omaha and the Twin Cities. The company maintained strong credit asset quality trends, with a decrease in total criticized loans and a low net charge-off ratio of 7 basis points. ASB's marketing acquisition spend increased by 23% year-over-year, reflecting its commitment to accelerating customer growth and deepening relationships. Net interest income for Q1 2026 decreased slightly from the previous quarter, putting some short-term pressure on margins. Total non-interest income decreased by $4 million from Q4 2025, despite an increase compared to the same period last year. The company's net interest margin decreased by 3 basis points to 3.03% for the quarter. ASB's CET1 ratio decreased...

Associated Banc-Corp (ASB) reported Q1 earnings late Thursday of $0.70 per diluted share, up from $0

Associated Banc-Corp (ASB) came out with quarterly earnings of $0.7 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.69 per share when it actually produced earnings of $0.8, delivering a surprise of +15.94%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Associated Banc-Corp, which belongs to the Zacks Banks - Midwest industry, posted revenues of $387.19 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.57%. This compares to year-ago revenues of $348.97 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Associated Banc-Corp shares have added about 8.1% since the beginning of the year versus the S&P 500's gain of 4.3%. While Associated Banc-Corp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Associated Banc-Corp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the com...