#United States #financial results #earnings report #Associated Banc-Corp #Green Bay

Associated Banc-Corp Reports Strong Financial Results for Q3 2026

On October 22, 2026, Associated Banc-Corp (NYSE: ASB) announced its financial performance for the third quarter of 2026, revealing a robust net income of $144 million, equating to earnings of $0.76 per common share. This performance marks a notable increase from the previous quarter’s earnings of $121 million, or $0.63 per share, and also shows an improvement compared to $122 million, or $0.73 per share, reported during the same period in 2025.

The financial results were influenced by several nonrecurring expenses due to the acquisition of American National Corporation, which was finalized on April 1, 2026. When adjusting for these nonrecurring costs, the company reported adjusted earnings of $154 million or $0.81 per common share. This strong performance demonstrates the firm’s focus on enhancing customer relationships, growing core deposits, and increasing profitability.

Key Highlights of Q3 2026

• - Loan Growth: Total loans reached $36.5 billion, reflecting a minor increase of 0.1% compared to the previous quarter and an impressive 18% rise year-over-year. Various categories of loans experienced substantial increases, with commercial and industrial loans approaching $13.8 billion, up 19% from Q3 2025.
• - Deposits: Deposits totaled $40.4 billion for Q3, indicating a 1% rise since Q2 2026 and a 16% increase from the previous year. Core customer deposits also saw significant growth, rising 21% compared to the same quarter in 2025.
• - Net Interest Income: The company registered a net interest income of $377 million, marking an increase of 24% from last year. The net interest margin for the quarter stood at 3.20%, which showcases a 16 basis point increase compared to Q3 2025.
• - Share Repurchase: With confidence in its financial trajectory, Associated Banc-Corp executed $100 million in share repurchases during the third quarter, repurchasing 3.2 million shares at an average price of $30.88.

Executive Insights

President and CEO Andy Harmening expressed pride in the company’s performance, stating, "We are dedicated to attracting and nurturing our customer relationships, which is essential for sustainable organic growth. Our significant growth in core customer deposits, net interest margin, and fee income strengthens our confidence as we move forward."

Looking ahead, the leadership team is actively working on plans for strategic initiatives to maintain momentum into 2027 and beyond.

Key Financial Metrics

• - Commercial and Industrial Loans: $13.8 billion (up 19% year-over-year)
• - Total Deposits: $40.4 billion (up 16% year-over-year)
• - Net Interest Income: $377 million (up 24% year-over-year)

As of September 30, 2026, Associated Banc-Corp’s total assets stood at approximately $51 billion, reaffirming its status as a leading bank holding company in Wisconsin. The comprehensive financial results and strategic initiatives signify strong positioning for future growth in the banking sector.

For further details, Associated Banc-Corp will host a conference call to discuss the third quarter earnings, accessible through their Investor Relations section at Associated Bank.