#United States #Financial Performance #Associated Banc-Corp #Green Bay #Earnings

Associated Banc-Corp Reports Impressive Third Quarter Earnings

Green Bay, Wisconsin - On October 23, 2025, Associated Banc-Corp (NYSE: ASB), a leading banking institution based in Wisconsin, revealed a notable net income of $122 million for the third quarter, translating to $0.73 per outstanding common share. This performance marks a commendable increase from the previous quarter and the same period last year, showcasing the company's strong financial health and growth trajectory.

Financial Highlights

For the quarter ending September 30, 2025, Associated Banc-Corp reported:

• - Total earnings: $122 million, compared to $108 million in the second quarter of 2025 and $85 million during the same period in 2024.
• - Record net interest income: $305 million, up 2% sequentially and 16% year-over-year.
• - Total loans: $31.0 billion, a 3% increase compared to Q3 2024.
• - Total deposits: Reached $34.9 billion, showing a 4% increase from the prior year.

Andy Harmening, the President and CEO, attributed this success to strategic growth investments and effective management. "We’ve garnered nearly $300 million in loan growth and over $700 million in deposit growth this quarter," he stated.

Strategic Initiatives Driving Growth

The bank has made significant advancements in its strategic direction, focusing on enhancing customer relationships and preserving capital. The current CEO noted that the Common Equity Tier 1 (CET1) capital expanded by an additional 13 basis points, indicating a robust capital position, exceeding regulatory benchmarks.

Loan and Deposit Growth

A breakdown of the loan growth highlights the various categories contributing to this success:

• - Commercial and business lending increased by 4%, totaling $12.7 billion.
• - Total period-end deposits, on the other hand, showed consistent growth with a 2% rise from the last quarter, underscoring the bank's strong market positioning.

The average deposits for the quarter stood at $34.7 billion, marking a 4% rise from the previous year. Significant increases were observed in savings and demand deposits, demonstrating the growing trust and satisfaction of customers.

Comprehensive Financial Overview

The bank's net interest margin remained stable at 3.04%, reflecting solid management of interest-bearing assets and liabilities. The impressive growth in noninterest income, which reached $81 million, alongside a controlled noninterest expense of $216 million, further contributed to the bank's financial success this quarter.

Future Outlook

As Associated Banc-Corp looks towards the remainder of 2025 and into 2026, there are strong indications of continued momentum. The management's plan aims to deepen customer engagement, enhance market share, and improve return on investments while maintaining a disciplined operational approach.

Investor Call: A conference call for investors and analysts was held shortly after the earnings announcement, providing additional insights into the bank's performance and strategic priorities moving forward. The live broadcast was accessible via the bank's website, alongside an accompanying presentation detailing quarterly financials and projections.

Conclusion

Overall, the third quarter results underscore Associated Banc-Corp's strategic growth framework, financial resilience, and commitment to delivering value to shareholders and customers alike. With a firm foundation for future growth and a strategic roadmap in place, the bank is poised for continued success in a competitive financial landscape.