Earnings summaries and quarterly performance for ASSOCIATED BANC-CORP.
Executive leadership at ASSOCIATED BANC-CORP.
Andrew J. Harmening
Detailed
President and Chief Executive Officer
CEO
DS
Derek S. Meyer
Detailed
Executive Vice President, Chief Financial Officer
JA
John A. Utz
Detailed
Executive Vice President, Head of Specialized Industries & Capital Markets and Milwaukee Market President
RJ
Randall J. Erickson
Detailed
Executive Vice President, General Counsel & Corporate Secretary
SZ
Steven Zandpour
Detailed
Executive Vice President, Head of Consumer & Business Banking
Board of directors at ASSOCIATED BANC-CORP.
CL
Cory L. Nettles
Detailed
Director
EA
Eileen A. Kamerick
Detailed
Director
GE
Gale E. Klappa
Detailed
Director
J(
John (Jay) B. Williams
Detailed
Chairman of the Board
JP
Judith P. Greffin
Detailed
Director
KT
Karen T. van Lith
Detailed
Director
KM
Kristen M. Ludgate
Detailed
Director
MJ
Michael J. Haddad
Detailed
Director
OJ
Owen J. Sullivan
Detailed
Director
RJ
R. Jay Gerken
Detailed
Director
RA
Robert A. Jeffe
Detailed
Director
RJ
Rodney Jones-Tyson
Detailed
Director
Research analysts who have asked questions during ASSOCIATED BANC-CORP earnings calls.
Daniel Tamayo
Raymond James Financial, Inc.
8 questions for ASB
Also covers: CNOB, FBIZ, FCF +13 more
Jon Arfstrom
RBC Capital Markets
6 questions for ASB
Also covers: ALLY, BFH, BKU +24 more
SS
Scott Siefers
Piper Sandler
6 questions for ASB
Also covers: CFG, FITBI, HBAN +7 more
Jared Shaw
Barclays
4 questions for ASB
Also covers: BANC, BKU, BOH +23 more
TM
Terence McEvoy
Stephens Inc.
3 questions for ASB
Also covers: BY, CIVB, CMA +10 more
AL
Andrew Leisner
KBW
2 questions for ASB
Christopher McGratty
Keefe, Bruyette & Woods
2 questions for ASB
Also covers: BAC, BANC, C +35 more
Terry McEvoy
Stephens
2 questions for ASB
Also covers: BY, CBC, CIVB +4 more
Timur Braziler
Wells Fargo
2 questions for ASB
Also covers: BANC, BKU, BOKF +16 more
Timur Braziler
Wells Fargo Securities
2 questions for ASB
Also covers: OFG
CH
Casey Haire
Jefferies
1 question for ASB
Also covers: CADE, CFR, EWBC +12 more
Christopher O'Connell
Keefe, Bruyette, & Woods, Inc.
1 question for ASB
Also covers: AMAL, BHLB, BLFY +10 more
Robert Siefers
Piper Sandler & Co.
1 question for ASB
Also covers: CFG, CMA, FITB +4 more
RS
R. Scott Siefers
Piper Sandler Companies
1 question for ASB
Also covers: CFG, FITB, KEY +6 more
TM
Terry McEvoy
Stephens Inc.
1 question for ASB
Also covers: BY, CIVB, EQBK +9 more
Recent press releases and 8-K filings for ASB.
Associated Banc-Corp Declares Dividends and Authorizes Share Repurchase Program
ASB
Dividends
Share Buyback
- Associated Banc-Corp declared a regular quarterly cash dividend of $0.24 per common share, payable on March 16, 2026, to shareholders of record on March 2, 2026.
- The Board also declared regular quarterly cash dividends for its 5.875% Series E Perpetual Preferred Stock ($0.3671875 per depositary share) and 5.625% Series F Perpetual Preferred Stock ($0.3515625 per depositary share), both payable on March 16, 2026.
- The Board authorized the repurchase of up to $100 million of Associated's common stock, which is in addition to the authority remaining under the previous program.
Jan 27, 2026, 9:15 PM
Associated Banc-Corp Reports Record 2025 Net Income and Provides 2026 Guidance
ASB
Earnings
Guidance Update
M&A
- Associated Banc-Corp reported earnings of $0.80 per share in Q4 2025 and $2.77 per share for the full year, achieving the strongest net income in the company's history.
- The company completed major strategic investments in March 2025, leading to its strongest year for organic household growth in a decade, with over $1.2 billion in relationship C&I loan growth and nearly $1 billion in core customer deposits in 2025. Net interest income (NII) reached a company record of $310 million in Q4 2025, contributing to a 15% NII increase for the year.
- An agreement to acquire American National Corporation was announced in December 2025, which will expand the company's presence in the Omaha market and strengthen its position in the Twin Cities.
- For 2026, the company forecasts (excluding the American National acquisition) total bank loan growth of 5% to 6%, core customer deposit growth of 5% to 6%, net interest income growth of 5.5% to 6.5%, and non-interest expense growth of 3%. Credit quality remained strong, with Q4 net charge-offs at 3 basis points and a CET1 ratio of 10.49%.
Jan 22, 2026, 10:00 PM
ASB Reports Record 2025 Net Income and Provides 2026 Guidance
ASB
Earnings
Guidance Update
M&A
- ASB reported record net income in 2025, with Q4 2025 earnings of $0.80 per share and full-year earnings of $2.77 per share. Net interest income (NII) reached a company record of $310 million in Q4, contributing to a 15% NII increase for the year.
- Total loans grew 5% in 2025, driven by over $1.2 billion in C&I loan growth, while core customer deposits increased by nearly $1 billion. The net interest margin (NIM) for Q4 2025 was 3.06%.
- The company announced an agreement to acquire American National Corporation in December 2025, aiming to expand its presence in the Omaha and Twin Cities markets.
- For 2026, ASB forecasts net interest income growth of 5.5% to 6.5%, non-interest income growth of 4% to 5%, and total non-interest expense growth of 3%, excluding the acquisition impact. Core customer deposits are expected to grow 5%-6%, and C&I loan growth is projected at approximately $1.2 billion.
Jan 22, 2026, 10:00 PM
ASB Reports Q4 and Full Year 2025 Financial Results
ASB
Earnings
Guidance Update
M&A
- ASB reported diluted EPS of $0.80 for Q4 2025 and $2.77 for the full year 2025.
- For Q4 2025, total loans reached $31.2 billion, representing a 4.7% increase compared to Q4 2024, and total deposits were $35.6 billion, up 2.6% from Q4 2024.
- Net interest income for Q4 2025 was $310 million with a net interest margin of 3.06%. For FY 2025, net interest income grew 14.7% and net interest margin increased by 25 basis points.
- The company maintained a strong capital position with a CET1 ratio of 10.49% at the end of Q4 2025.
- ASB provided a FY 2026 outlook, projecting total loan growth of 5% to 6% and total deposit growth of 5% to 6%. The acquisition of American National Corporation was announced on December 1, 2025, with an expected legal close in 2Q 2026.
Jan 22, 2026, 10:00 PM
Associated Banc-Corp Reports Record 2025 Net Income and Provides 2026 Guidance
ASB
Earnings
Guidance Update
M&A
- Associated Banc-Corp reported Q4 2025 earnings per share of $0.80 and full-year 2025 earnings per share of $2.77, achieving the strongest net income in company history for 2025. The company also reported a record quarterly net interest income of $310 million in Q4 2025 and a Return on Average Tangible Common Equity (ROTCE) over 15%.
- The company demonstrated significant balance sheet growth and remixing in 2025, with total loans growing 5% versus Q4 2024 and C&I loans increasing over $1.2 billion. Core customer deposits grew by nearly $1 billion in 2025, with a 5% quarterly average growth from Q4 2024 to Q4 2025.
- Associated Bank announced an agreement to acquire American National Corporation in December 2025, which is expected to expand its presence in the Omaha and Twin Cities markets.
- For 2026, the company provided standalone guidance, expecting Net Interest Income growth of 5.5% to 6.5%, total bank loan growth of 5%-6%, and core customer deposit growth of 5%-6%. These plans include additional investments in key metropolitan markets, such as a 25% increase in total marketing acquisition spend and adding approximately 11 Relationship Managers.
Jan 22, 2026, 10:00 PM
Associated Banc-Corp Reports Record Annual Net Income and Provides 2026 Outlook
ASB
Earnings
Guidance Update
- Associated Banc-Corp delivered record annual net income available to common equity of $463 million and diluted GAAP earnings per common share of $2.77 for the year ended December 31, 2025, significantly up from $112 million or $0.72 per common share in 2024.
- For the fourth quarter ended December 31, 2025, the company reported earnings of $134 million or $0.80 per common share, compared to a loss of $164 million or $1.03 per common share in the prior year's fourth quarter.
- The company's total period end loans reached $31.2 billion by December 31, 2025, representing a 5% increase from 2024, and total period end deposits were $35.6 billion, up 3% from 2024.
- Record net interest income of $1.2 billion was achieved for the full year 2025, marking a 15% increase from 2024, with a net interest margin of 3.03%.
- For 2026, Associated Banc-Corp expects total period end loan growth of 5% to 6%, total period end deposit growth of 5% to 6%, and net interest income growth of 5.5% to 6.5%, excluding any impact from the American National Corporation acquisition.
Jan 22, 2026, 9:16 PM
Associated Banc-Corp Reports Record Annual Net Income for 2025 and Provides 2026 Guidance
ASB
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Associated Banc-Corp reported record annual net income available to common equity of $463 million, or $2.77 per common share, for the year ended December 31, 2025, a significant increase from $112 million, or $0.72 per common share, in 2024.
- For the fourth quarter of 2025, the company posted earnings of $134 million, or $0.80 per common share.
- Total period end loans grew 5% to $31.2 billion and total period end deposits increased 3% to $35.6 billion in 2025 compared to 2024, contributing to record net interest income of $1.2 billion (+15% vs. 2024).
- For 2026, the company anticipates total period end loan growth of 5% to 6%, total period end deposit growth of 5% to 6%, and total net interest income growth of 5.5% to 6.5%.
Jan 22, 2026, 9:15 PM
Associated Banc-Corp Announces Acquisition and Q3 2025 Results
ASB
M&A
Earnings
Management Change
- Associated Banc-Corp announced the acquisition of American National Corporation on December 1, 2025, which is projected to be 2.0% accretive to 2027E EPS and ~60 bps accretive to 2027E ROATCE, with a 2.25-year TBVPS earn-back.
- For Q3 2025, the company reported diluted earnings per common share of $0.73, with total loans of $31.0 billion and total deposits of $34.9 billion. The net interest margin was 3.04% and Return on Average Tangible Common Equity was 14.02%.
- The company continues its strategy of remixing its balance sheet, increasing Commercial & Industrial loans by $3.1 billion (+37%) since 4Q21 and decreasing residential mortgage loan concentration from 31% in 4Q21 to 22% in 3Q25.
- Recent leadership changes include the promotion of Gregory Warsek to EVP, Head of Commercial Real Estate and Facilities in March 2025, and Steven Zandpour to EVP, Head of Consumer and Business Banking on July 1, 2025. Additionally, three new directors were added to the Board in 2024.
Dec 5, 2025, 9:16 PM
Associated Banc-Corp to Acquire American National Corporation
ASB
M&A
Board Change
- On November 30, 2025, Associated Banc-Corp entered into an Agreement and Plan of Merger with American National Corporation, under which American National will merge with and into Associated.
- The Merger Agreement was unanimously approved by the Board of Directors of both Associated and American National.
- Each share of American National voting and non-voting stock will be converted into the right to receive 36.250 shares of Associated common stock.
- Wende Kotouc, Executive Co-Chairman and Chief Executive Officer of American National Bank, will be appointed as a director of Associated effective as of the merger's effective time.
Dec 4, 2025, 1:00 PM
Associated Announces Merger with American National Corporation
ASB
M&A
Board Change
New Projects/Investments
- Associated (ASB) announced an all-stock merger with American National Corporation, a community bank headquartered in Omaha, Nebraska, valued at approximately $604 million.
- The transaction is expected to close in the second quarter of 2026 and is projected to deliver 2% EPS accretion in 2027 with 1.2% tangible book value dilution and a 2.25-year earnback period.
- Strategically, the merger allows Associated to enter the Omaha market with a number two deposit market share and enhances its presence in the Twin Cities, achieving a number 10 pro forma deposit market share.
- The deal anticipates $29.2 million in cost savings, representing 25% of American National's expense base, and will result in a combined entity with approximately $50 billion in assets.
Dec 1, 2025, 1:30 PM
Quarterly earnings call transcripts for ASSOCIATED BANC-CORP.
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