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On its third quarter of 2026 earnings call, held on Oct. 22, 2026, Associated Banc-Corp (ASB +2.16%) reported net interest margin expansion, which measures the difference between interest earned on assets and interest paid on deposits. Growing core customer deposits, which are low-cost checking and savings accounts, provides predictable funding for long-term loan growth. This organic deposit gathering lowers reliance on wholesale funding, which refers to higher-cost institutional borrowing. Three things management said stand out.

1. Core Deposit Growth Drives Margin ExpansionAssociated Banc-Corp added nearly $700 million in core customer deposits during the quarter, extending its household expansion to seven consecutive quarters. That deposit gathering lowers overall funding costs, so the bank doesn't have to rely on expensive borrowing.

We have grown our customer household base for 7 consecutive quarters And in Q3, we posted nearly $700 million in core customer deposit growth.
-- Andrew J. Harmening, President and CEOManagement bought back $100 million of shares in the third quarter, marking its first major buyback program since 2021. The bank maintained a Common Equity Tier 1 (CET1) ratio, a regulatory metric measuring core capital strength against risk-weighted assets, of 10.38%, so it's able to return capital while funding loan growth.

With that in mind, we are pleased to return capital to our shareholders with $100 million in share repurchases during the quarter. The first major share buyback we have since I joined the bank in 2021.
-- Andrew J. Harmening, President and CEO3. Commercial Pipeline Expansion Points to Lasting GrowthCommercial pipelines grew nearly 40% year over year, driven by expanding teams in major metropolitan markets like Kansas City and Dallas. Strong production in commercial and industrial (C&I) lending, which refers to loans made to businesses for operational purposes, helps remix the balance sheet toward higher-yielding assets.

We remain confident in the overall trajectory of our C&I business due to the strong trends we continue to see in our commercial pipelines, which are up nearly 40% versus the same period a year ago.
-- Andrew J. Harmening, President and CEOLooking AheadCommercial expansion and steady deposit inflows keep driving profitability higher, and leadership isn't hiding its satisfaction about the bank's operational trajectory. Associated Banc-Corp relies on its core deposit franchise and disciplined underwriting to manage interest rate exposure.

We are keeping our funding obligations short to maintain repricing flexibility.
-- Derek S. Meyer, Chief Financial OfficerManagement is finalizing its next three-year strategic road map to expand customer households and deepen commercial relationships across metropolitan markets.

We are still finalizing our plans, and you can expect a continuation of the sustainable organic growth that has become a defining characteristic of our company.
-- Andrew J. Harmening, President and CEOThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Associated Banc-Corp (ASB - Free Report) came out with quarterly earnings of $0.76 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.73, delivering a surprise of +1.39%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Associated Banc-Corp, which belongs to the Zacks Banks - Midwest industry, posted revenues of $464.38 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.08%. This compares to year-ago revenues of $386.49 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 13.3% since the beginning of the year versus the S&P 500's gain of 13.3%.

What's Next for Associated Banc-Corp?While Associated Banc-Corp has underperformed 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 complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.79 on $470.65 million in revenues for the coming quarter and $2.95 on $1.78 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

First Financial Bancorp (FFBC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 27.

This holding company for First Financial Bank is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of +7.9%. The consensus EPS estimate for the quarter has been revised 3.5% higher over the last 30 days to the current level.

First Financial Bancorp's revenues are expected to be $270.2 million, up 14.9% from the year-ago quarter.

S&P Downgrades 5 Banks: What Does It Mean For The Market?Associated Banc NYSE: ASB reported third-quarter results marked by higher net interest income, expanding margin, deposit growth and lower expenses, while management said commercial loan pipelines support its outlook for continued growth.

President and Chief Executive Officer Andy Harmening said the bank remains focused on attracting and deepening customer relationships to support organic growth, improve its balance-sheet mix and increase profitability. The company reported GAAP earnings per share of $0.76 for the third quarter, or $0.81 after adjusting for nonrecurring acquisition costs.

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Total loans ended the quarter at $36.5 billion, up $53 million from the prior quarter. Harmening said elevated commercial loan payoffs and paydowns affected balance growth, though relationship commercial lending production remained solid. The company continued to reduce lower-yielding, non-relationship residential mortgage balances while pursuing growth in commercial categories.

Deposits, Margin and Revenue
Core customer deposits increased nearly $700 million, or 2% from the second quarter, supported by organic growth initiatives and seasonal inflows. Interest-bearing demand deposits accounted for nearly $400 million of the growth. The increase in customer deposits enabled Associated Banc to reduce wholesale funding during the quarter.

Third-quarter net interest income rose $7 million from the preceding quarter to $377 million. Net interest margin expanded 3 basis points to 3.20%, which Harmening described as the company’s second-best quarter in more than a decade. Chief Financial Officer Derek Meyer said the expansion occurred despite a lower contribution from purchase-accounting accretion related to the American National acquisition.

Associated Banc said it expects full-year 2026 net interest income to increase 19% to 21% compared with Associated’s standalone results for the year ended Dec. 31, 2025. Meyer said management expects to produce roughly 1 to 2 basis points of organic net interest margin expansion per quarter, even as acquisition-related accretion declines.

Non-interest income totaled $87 million, up 8% from the prior quarter and 7% from a year earlier. Growth was broad-based and led by capital markets and asset gains, while service charges, deposit account fees and card-based fees also increased. Wealth management fees were stable sequentially.

The company raised its expectation for 2026 non-interest income growth to 12% to 14% compared with its 2025 standalone results. Management said it sees longer-term opportunities in wealth management and capital markets, particularly in the American National customer base, which historically had less emphasis in those areas.

Loan Pipeline and Growth Outlook
Management reiterated its outlook for 2026 period-end total loan growth of 18% to 20% and C&I loan growth of 20% to 22%, each compared with Associated Banc’s standalone balances at the end of 2025. It also maintained expectations for period-end total deposit growth of 17% to 19% and core customer deposit growth of 19% to 21% on the same basis.

Harmening said commercial loan pipelines were up approximately 36% to 40% year over year based on commitments, with a larger increase when measured by funded opportunities. He said the company expects solid commercial production and C&I growth in the fourth quarter.

Commercial real estate lending production increased about 50% year to date, Harmening said, although CRE payoffs rose at a similar rate. About half of CRE production has been construction lending, and unfunded construction commitments have also increased. Management said it expects low- to mid-single-digit CRE growth over the next 12 months.

The company also cited early progress in newer markets. Harmening said the Kansas City team has exceeded the company’s projections, while Associated Banc has begun booking loans in Dallas. Following the completed conversion of American National systems and branches, the company said checking-account openings in the first seven days after conversion were 121% higher than a June-to-August comparison period, though Harmening cautioned against using that early measure to forecast 2027 results.

Expenses, Capital and Credit
Non-interest expense declined $12 million sequentially to $260 million. Expenses included $13 million of nonrecurring costs associated with the American National acquisition, down from $24 million in the second quarter. Associated Banc has recorded $39 million of acquisition-related expenses year to date and now expects total acquisition costs of about $48.5 million, below the $52.5 million forecast provided in July. The company expects the remaining costs to be recognized by the end of 2026.

Meyer said the company remains focused on positive operating leverage and will seek to identify expense reductions to fund investments under its next strategic plan. Management expects 2026 non-interest expense to grow 19% to 20% versus the company’s 2025 standalone results, including acquisition-related costs.

Associated Banc repurchased $100 million of shares during the quarter at a weighted average price of $30.88. Its common equity Tier 1 ratio ended the period at 10.38%, within its 10% to 10.75% target range. The company said it expects to complete the remainder of its existing repurchase authorization during the fourth quarter.

Credit metrics remained largely stable, according to Chief Credit Officer Pat Ahern. The allowance for credit losses declined $4 million to $491 million, while the allowance ratio fell 2 basis points to 1.34% of total loans. Net charge-offs were $18 million, or 19 basis points on an annualized basis, down $6 million from the second quarter.

Non-accrual balances increased by $33 million sequentially, primarily because of the reclassification of a $30 million C&I credit following a shared national credit exam. Ahern said the company remains comfortable with the underlying asset quality and expects full resolution of that credit. Criticized loans declined 7%, or $121 million, from the prior quarter.

Management said it plans to provide more detail on its next multiyear strategic plan and its expectations for 2027 during its fourth-quarter earnings call in January.

About Associated Banc (NYSE:ASB)Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Associated Bank, it provides banking and financial services to individuals, families, businesses and institutions.

Associated Bank offers commercial and corporate banking, retail banking, mortgage lending, consumer lending, treasury management, investment and wealth management, and institutional services. Its business banking activities include lending, deposit accounts, cash-management solutions and other services designed for small and middle-market companies.

The company primarily serves customers across Wisconsin, Illinois and Minnesota through its branch network and digital banking channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Wall Street analysts expect Associated Banc-Corp (ASB - Free Report) to post quarterly earnings of $0.76 per share in its upcoming report, which indicates a year-over-year increase of 4.1%. Revenues are expected to be $464.03 million, up 20.1% from the year-ago quarter.

Over the last 30 days, there has been an upward revision of 1.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

In light of this perspective, let's dive into the average estimates of certain Associated Banc-Corp metrics that are commonly tracked and forecasted by Wall Street analysts.

According to the collective judgment of analysts, 'Net Interest Margin' should come in at 3.2%. The estimate compares to the year-ago value of 3.0%.

Analysts forecast 'Fully tax-equivalent efficiency ratio' to reach 55.3%. Compared to the current estimate, the company reported 54.8% in the same quarter of the previous year.

The consensus among analysts is that 'Average Balance - Total earning assets and related interest income' will reach $47.78 billion. The estimate is in contrast to the year-ago figure of $40.56 billion.

The average prediction of analysts places 'Nonaccrual loans' at $132.29 million. The estimate is in contrast to the year-ago figure of $106.18 million.

The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $151.16 million. Compared to the current estimate, the company reported $136.24 million in the same quarter of the previous year.

Analysts predict that the 'Total Noninterest Income' will reach $80.47 million. Compared to the present estimate, the company reported $81.27 million in the same quarter last year.

Analysts expect 'Net Interest Income (FTE)' to come in at $383.83 million. Compared to the current estimate, the company reported $309.44 million in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Wealth management fees' will likely reach $26.46 million. The estimate is in contrast to the year-ago figure of $25.32 million.

The consensus estimate for 'Service charges and deposit accounts fees' stands at $15.73 million. The estimate is in contrast to the year-ago figure of $13.86 million.

Based on the collective assessment of analysts, 'Capital markets, net' should arrive at $7.75 million. The estimate compares to the year-ago value of $10.76 million.

It is projected by analysts that the 'Card-based fees' will reach $13.62 million. The estimate is in contrast to the year-ago figure of $12.31 million.

Analysts' assessment points toward 'Mortgage banking, net' reaching $3.38 million. The estimate is in contrast to the year-ago figure of $3.54 million.

View all Key Company Metrics for Associated Banc-Corp here>>>

Associated Banc-Corp shares have witnessed a change of -2.5% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #3 (Hold), ASB is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Associated Banc-Corp (ASB - Free Report) . This company, which is in the Zacks Banks - Midwest industry, shows potential for another earnings beat.

When looking at the last two reports, this bank holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 1.42%, on average, in the last two quarters.

For the last reported quarter, Associated Banc-Corp came out with earnings of $0.73 per share versus the Zacks Consensus Estimate of $0.72 per share, representing a surprise of 1.39%. For the previous quarter, the company was expected to post earnings of $0.69 per share and it actually produced earnings of $0.7 per share, delivering a surprise of 1.45%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Associated Banc-Corp. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Associated Banc-Corp has an Earnings ESP of +1.71% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 22, 2026.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

HONOLULU--(BUSINESS WIRE)--American Savings Bank, N.A. (NYSE: ASBH) (“ASB” or the “Bank”) announced today it will release its third quarter 2026 earnings on Thursday, October 29, 2026, after the market closes. ASB's earnings release will be posted to the Investor Relations section of the Bank's website at https://ir.asbhawaii.com/. ASB will host an earnings conference call and webcast on Friday, October 30, 2026, at 2:00 p.m. Eastern. The call and webcast will include a discussion of the Bank's.

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.

Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.

Headquartered in Green Bay, Associated Banc-Corp (ASB - Free Report) is a Finance stock that has seen a price change of 14.01% so far this year. The bank holding company is paying out a dividend of $0.24 per share at the moment, with a dividend yield of 3.27% compared to the Banks - Midwest industry's yield of 2.46% and the S&P 500's yield of 1.42%.

Looking at dividend growth, the company's current annualized dividend of $0.96 is up 3.2% from last year. Over the last 5 years, Associated Banc-Corp has increased its dividend 4 times on a year-over-year basis for an average annual increase of 5.59%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Associated Banc-Corp's current payout ratio is 32%, meaning it paid out 32% of its trailing 12-month EPS as dividend.

ASB is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $2.95 per share, with earnings expected to increase 6.50% from the year ago period.

From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ASB is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

GREEN BAY, Wis., Sept. 16, 2026 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB), the holding company for Associated Bank, N.A.

Associated Banc-Corp (ASB) Barclays 24th Annual Global Financial Services Conference September 15, 2026 7:30 AM EDT

Company Participants

Andrew Harmening - President, CEO & Director

Conference Call Participants

Jared David Shaw - Barclays Bank PLC, Research Division

Presentation

Jared David Shaw
Barclays Bank PLC, Research Division

All right. Good morning. Thanks for showing up early this morning, and we're excited to start off our second day of the conference. This morning, we're starting with Associated Banc-Corp and Andy Harmening, President and CEO, coming in from Wisconsin to join us. So thanks.

Andrew Harmening
President, CEO & Director

Yes. Thank you, Jared. So this was the first conference we ever did 5 years ago when I started, and it was during COVID, and it was remote, and we launched our first strat plan. And the world has changed since then. Our bank has changed since then. And so we're wrapping up 2026. And from a consumer standpoint, what's happened for us as a different bank is we've gone from shrinking customer base to growing kind of minus 2% to plus 2%, expanded product set, spent a lot of time and energy on digital segmentation, some specialty businesses on the consumer side. And then the commercial side, we've grown roughly $6 billion on a $7-plus billion portfolio in those 5 years, including $1.2 billion in C&I growth in the first half of this year and $1.2 billion last year.

So we've made a lot of progress. But right now, how I'm thinking about the company is really 3 ways. One, we have to continue with organic growth, and we did in the first half of the year, whether that be customer growth, deposit growth, C&I growth. So we're in a pretty good position there. We have the American National Bank integration that's right in front of us. Pleased with where we are

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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Associated Banc-Corp (ASB - Free Report) Associated Banc-Corp, established in 1964 and headquartered in Green Bay, WI, is a bank holding company that, through its subsidiaries Associated Bank, National Association, and other non-banking subsidiaries, delivers a wide range of banking and non-banking products and services.

ASB is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 10.58; value investors should take notice.

For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $2.94 per share. ASB boasts an average earnings surprise of +7.4%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, ASB should be on investors' short list.

Kelley succeeds Randall J. Erickson who is retiring in a planned leadership succession

, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced that Angela M.W. Kelley, 45, will succeed Randall J. Erickson, 67, who is retiring as executive vice president, general counsel and corporate secretary effective October 13, 2026.  Erickson will remain in an advisory capacity through the end of 2026 to ensure a successful transition of his duties.

Angela M.W. Kelley

Randall J. Erickson Kelley brings 20 years of corporate law, business strategy and executive management experience, most recently serving as chief executive officer of Diversity Lab/Talent Multipliers since 2025. Prior to that, she served as executive vice president, Director of Wealth Management at Heartland Financial USA, Inc. from 2024 until its acquisition by UMB Financial Corporation in 2025. Kelley previously served as general counsel at PacWest Bancorp from 2021 to 2023 and at NBT Bancorp Inc. from 2019 to 2021.

Kelley will be based in Milwaukee and report directly to Associated President and CEO Andy Harmening.

"Angela brings a wealth of both legal and business experience to the role," said Harmening. "With her experience in leading governance and transformation efforts that drive business results, we expect she will fit perfectly in our growth and performance culture."

Erickson retires from Associated after more than 14 years as executive vice president, general counsel and corporate secretary.

As Associated's top legal advisor, he has been a trusted partner providing strategic counsel, guidance and a practical perspective on key business decisions. In addition to building a top-notch legal team, Erickson's advice and expertise have been key in M&A and corporate finance transactions, and in navigating the regulatory and corporate governance environment.

"It has been a privilege to work with Andy, the executive leadership team, the board of directors,  the legal team, and all of the Associated colleagues for these many years," said Erickson. "I am leaving them in good hands with Angela."

"I want to thank Randy for his contributions to Associated and for his advice and counsel. We wish him a long and happy retirement," Harmening said.

ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $52 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.

Investor Contact:
Ben McCarville, Senior Vice President, Director of Investor Relations
920-491-7059

Media Contact:
Andrea Kozek, Vice President, Public Relations Senior Manager
920-491-7518

SOURCE Associated Banc-Corp

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Associated Banc-Corp (ASB - Free Report) is headquartered in Green Bay, and is in the Finance sector. The stock has seen a price change of 19.64% since the start of the year. The bank holding company is paying out a dividend of $0.24 per share at the moment, with a dividend yield of 3.11% compared to the Banks - Midwest industry's yield of 2.41% and the S&P 500's yield of 1.34%.

Looking at dividend growth, the company's current annualized dividend of $0.96 is up 3.2% from last year. Over the last 5 years, Associated Banc-Corp has increased its dividend 4 times on a year-over-year basis for an average annual increase of 5.59%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Associated Banc-Corp's current payout ratio is 32%, meaning it paid out 32% of its trailing 12-month EPS as dividend.

Earnings growth looks solid for ASB for this fiscal year. The Zacks Consensus Estimate for 2026 is $2.92 per share, representing a year-over-year earnings growth rate of 5.42%.

Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.

Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ASB is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

, /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.24 per common share, payable on September 15, 2026, to shareholders of record at the close of business on September 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 September 15, 2026, to shareholders of record at the close of business on September 1, 2026.

The Board of Directors also declared a regular quarterly cash dividend of $0.3515625 per depositary share on Associated's 5.625% Series F Perpetual Preferred Stock, payable on September 15, 2026, to shareholders of record at the close of business on September 1, 2026.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $52 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 release 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 recent Form 10-K and subsequent Form 10-Qs and other SEC filings, and such factors are incorporated herein by reference.

Investor Contact:
Ben McCarville, Senior Vice President, Director of Investor Relations
920-491-7059

Media Contact:
Andrea Kozek, Vice President, Public Relations Senior Manager
920-491-7518

SOURCE Associated Banc-Corp

Key Takeaways ASB beat Q2 earnings estimates as net interest income and fee income lifted revenues y/y.ASB saw sequential loan and deposit growth, while expenses and credit provisions increased y/y.ASB raised its 2026 loan growth outlook after the American National acquisition. Associated Banc-Corp’s (ASB - Free Report)   second-quarter 2026 adjusted earnings of 73 cents per share beat the Zacks Consensus Estimate by a penny. The bottom line compared favorably with 65 cents in the prior-year quarter.

Results were primarily aided by higher net interest income (NII) and non-interest income. A sequential rise in loans and deposit balances acted as tailwinds. However, higher expenses and provisions were the undermining factors.

Results in the reported quarter excluded several non-recurring expenses associated with the acquisition of American National, which was completed in April. After considering those, net income available to common equity was $120.7 million, up 11% year over year. Our estimate for the metric was $136.8 million.

ASB’s Revenues Improve, Expenses RiseTotal revenues (FTE basis) for the quarter were $454.6 million, up from $367 million in the prior-year quarter. The top line outpaced the Zacks Consensus Estimate of $443.7 million.

NII was $370 million, increasing 23% year over year. The net interest margin was 3.17%, up 13 basis points. We had expected NII and net interest yield to be $360.4 million and 3.14%, respectively.

Non-interest income totaled $80.4 million, improving 20% from the prior-year quarter. This reflected increases in wealth management fees, service charges and deposit account fees, card-based fees, other fee-based revenues, capital markets revenues, bank and corporate-owned life insurance, net investment securities gains, and other income. Our estimate for non-interest income was $78.6 million.

Non-interest expenses were $271.9 million, up 30% year over year. The rise reflected an increase in almost all cost components, except for loan and foreclosure costs. Our estimate for non-interest expenses was $244.4 million.

The adjusted efficiency ratio was 52.91%, down from 55.81% in the prior-year quarter. A fall in the efficiency ratio indicates an improvement in profitability.

Associated Banc-Corp’s Loans & Deposits RiseAs of June 30, 2026, total loans were $36.5 billion, up 15% sequentially. The rise was driven by higher commercial and business lending, commercial real estate lending and consumer lending. Our estimate for total loans was $36.3 billion.

Total deposits rose 12% sequentially to $39.9 billion. Our estimate for total deposits was $40.6 billion.

Associated Banc-Corp’s Credit Quality WorsensIn the reported quarter, the company recorded a provision for credit losses of $19.4 million, up 8% from the prior-year quarter. Our estimate for the metric was $18.4 million.

As of June 30, 2026, total non-performing assets were $185.3 million, up 25% year over year. Total non-accrual loans were $150 million, rising 33%. Net charge-offs were $23.2 million, up 81% from the prior-year quarter.

Associated Banc-Corp’s Capital Ratios ImproveAs of June 30, 2026, the common equity Tier 1 (CET1) capital ratio was 10.47%, up from 10.20% in the corresponding period of 2025. The Tier 1 capital ratio was 10.94%, up from 10.77%.

ASB’s 2026 ViewAfter including the impact of the acquisition of American National, management expects total period-end loan growth of 18-20% compared with ASB’s standalone results for the year ended Dec. 31, 2025. This is changed from the previous expectation of 17-19% growth.

Period-end total deposit growth is estimated to be 17-19%, while period-end core customer deposit growth is anticipated to be 19-21%.

The company expects NII growth of 19-21%.

Total non-interest income is expected to rise 8-10%.

Including the non-recurring costs incurred in connection with the American National acquisition, non-interest expenses are expected to increase 20-21%.

The annual effective tax rate is expected to be 19-21%.

Our Take on Associated Banc-CorpIn April, ASB completed the previously announced acquisition of American National Corporation, which is expected to improve its deposit mix through low-cost deposits, strengthen its Midwest scale and enhance its liquidity profile. The deal is anticipated to be 2% accretive to the company’s 2027 earnings per share, assuming the execution of cost savings.

In addition to this, continued commercial and industrial loan growth, expanding core customer deposits, steady credit performance and a solid capital position bode well for ASB’s sustained growth. However, rising expenses remain a near-term headwind.

ASB currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other BanksEast West Bancorp, Inc.’s (EWBC - Free Report) second-quarter 2026 earnings per share of $2.63 beat the Zacks Consensus Estimate of $2.61. The bottom line increased 17.4% from the prior-year quarter.

EWBC’s results were primarily aided by increases in NII and non-interest income, alongside lower provisions. Also, loan and deposit balances increased sequentially in the quarter to record levels. However, higher non-interest expenses acted as a spoilsport.

Commerce Bancshares Inc.’s (CBSH - Free Report) second-quarter 2026 earnings of $1.10 per share surpassed the Zacks Consensus Estimate of $1.04. The bottom line reflected a rise of 1% from the prior-year quarter.

CBSH’s results primarily benefited from higher NII and a rise in non-interest income. The sequential rise in loan balances acted as a tailwind. However, higher expenses and provisions hurt CBSH’s results to some extent.

For the quarter ended June 2026, Associated Banc-Corp (ASB - Free Report) reported revenue of $454.58 million, up 23.9% over the same period last year. EPS came in at $0.73, compared to $0.65 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $443.65 million, representing a surprise of +2.46%. The company delivered an EPS surprise of +1.39%, with the consensus EPS estimate being $0.72.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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:

Net charge offs / average loans: 0.3% compared to the 0.1% average estimate based on two analysts.Nonaccrual loans: $149.95 million versus the two-analyst average estimate of $126.83 million.Net Interest Margin: 3.2% compared to the 3.1% average estimate based on two analysts.Average Balance - Total earning assets and related interest income: $47.29 billion versus the two-analyst average estimate of $46.57 billion.Total Noninterest Income: $80.4 million versus the two-analyst average estimate of $79.8 million.Other income: $2.71 million versus $4.64 million estimated by two analysts on average.Capital markets, net: $7.48 million versus $7.08 million estimated by two analysts on average.Service charges and deposit accounts fees: $15.86 million compared to the $15.44 million average estimate based on two analysts.Wealth management fees: $26.22 million versus $25.73 million estimated by two analysts on average.Other fee-based revenue: $5.76 million compared to the $5.19 million average estimate based on two analysts.Mortgage banking, net: $2.78 million versus $6.13 million estimated by two analysts on average.Card-based fees: $14.16 million versus the two-analyst average estimate of $12.22 million.View all Key Company Metrics for Associated Banc-Corp here>>>

Shares of Associated Banc-Corp have returned +0.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Associated Banc-Corp (ASB - Free Report) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.39%. 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 $0.7, delivering a surprise of +1.45%.

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 $454.58 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.46%. This compares to year-ago revenues of $366.98 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 19.2% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Associated Banc-Corp?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 complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $454.64 million in revenues for the coming quarter and $2.91 on $1.74 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Eagle Bancorp Montana, Inc. (EBMT - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +22%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Eagle Bancorp Montana, Inc.'s revenues are expected to be $23.5 million, up 2.4% from the year-ago quarter.

Wall Street analysts expect Associated Banc-Corp (ASB - Free Report) to post quarterly earnings of $0.72 per share in its upcoming report, which indicates a year-over-year increase of 10.8%. Revenues are expected to be $443.65 million, up 20.9% from the year-ago quarter.

Over the last 30 days, there has been an upward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain Associated Banc-Corp metrics that are commonly tracked and forecasted by Wall Street analysts.

The average prediction of analysts places 'Nonaccrual loans' at $126.83 million. The estimate is in contrast to the year-ago figure of $113.00 million.

Analysts expect 'Net Interest Margin' to come in at 3.1%. Compared to the current estimate, the company reported 3.0% in the same quarter of the previous year.

Analysts' assessment points toward 'Average Balance - Total earning assets and related interest income' reaching $46.57 billion. The estimate is in contrast to the year-ago figure of $40.07 billion.

It is projected by analysts that the 'Total Noninterest Income' will reach $79.80 million. The estimate is in contrast to the year-ago figure of $66.98 million.

The consensus among analysts is that 'Capital markets, net' will reach $7.08 million. The estimate compares to the year-ago value of $5.77 million.

Analysts predict that the 'Service charges and deposit accounts fees' will reach $15.44 million. Compared to the present estimate, the company reported $13.15 million in the same quarter last year.

The consensus estimate for 'Wealth management fees' stands at $25.73 million. Compared to the present estimate, the company reported $23.03 million in the same quarter last year.

The combined assessment of analysts suggests that 'Other fee-based revenue' will likely reach $5.19 million. Compared to the current estimate, the company reported $5.00 million in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Mortgage banking, net' of $6.13 million. The estimate is in contrast to the year-ago figure of $4.21 million.

According to the collective judgment of analysts, 'Card-based fees' should come in at $12.22 million. Compared to the present estimate, the company reported $11.20 million in the same quarter last year.

Based on the collective assessment of analysts, 'Bank and corporate owned life insurance' should arrive at $3.90 million. The estimate compares to the year-ago value of $4.14 million.

Analysts forecast 'Net Interest Income (FTE)' to reach $363.85 million. Compared to the present estimate, the company reported $304.23 million in the same quarter last year.

View all Key Company Metrics for Associated Banc-Corp here>>>

Over the past month, Associated Banc-Corp shares have recorded returns of +3.6% versus the Zacks S&P 500 composite's +0.3% change. Based on its Zacks Rank #3 (Hold), ASB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Associated Banc-Corp's (ASB) Reset Rate Subordinated Notes (ASBA) offer compelling yields and appear undervalued relative to comparable securities. ASBA currently yields 6.625% fixed, with a potential reset to ~7.14% in 2028, and is priced at a discount, offering 8.6% YTC or 7.7% YTM. ASB demonstrates strong capital ratios, robust forward growth, and interest coverage, supporting the safety of ASBA's principal and interest payments.

Expanded program helps students build essential technology, financial and workforce skills through flexible, self-paced learning

, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the launch of the second year of its AI Academy, an innovative summer learning program designed to introduce middle school and high school students to artificial intelligence, financial literacy and digital skills. Building on insights gained from a successful pilot program in 2025, the academy will offer a more flexible, self-paced learning experience for students.

Associated Bank AI Academy Developed by Associated Bank in partnership with the Boys & Girls Clubs of Greater Milwaukee and powered by Skillsoft, the program equips students with foundational knowledge of artificial intelligence while helping them understand how technology is shaping the future of work, finance and everyday life.

Student recruitment began the week of June 22 at numerous Boys & Girls Clubs of Greater Milwaukee locations, like Davis, Daniels-Mardak, Fitzsimonds, Hillside and Mary Ryan. Learning content began June 29.

"Artificial intelligence is rapidly transforming the world around us, and we believe students should have opportunities to develop the skills and understanding needed to navigate that future," said Terry Williams, executive vice president and chief information officer. "The success of last year's pilot reinforced the importance of creating accessible, engaging learning experiences that help students explore emerging technologies while also building financial confidence and critical thinking skills."

The 2026 AI Academy features three learning journeys designed to meet students where they are in their understanding of artificial intelligence and financial literacy. Participants will complete self-assessment that places them into the learning path best suited to their current knowledge level. Students will complete one journey during the summer, progressing through weekly content modules released each Monday.

Topics include:

What is artificial intelligence and how it works AI in games, social media and entertainment Machine learning fundamentals Data analysis and predictive thinking Financial literacy and budget awareness AI's role in finance and business Online safety and digital responsibility Ethical considerations surrounding AI Content is delivered through short, interactive modules that students can access anytime and anywhere using mobile-friendly technology. Depending on the learning level, students will engage with approximately 90 minutes to two hours of content each week.

"The evolution of this year's program reflects what we learned from students and families during our pilot," said Williams. "By creating an on-demand experience, we're giving participants greater flexibility while maintaining a structured learning journey that encourages continued engagement throughout the summer."

Associated AI and HR experts collaborated with Skillsoft to customize learning tracks and ensure age-appropriate content for middle school learners. An experienced educator also reviewed the curriculum to confirm alignment with student learning needs and developmental stages.

Participants will earn digital badges and achievements as they progress through the program and will continue to receive "AB Bucks" incentives for completing coursework, skill gains, engaging in optional content and participating in a pitch event at the academy's conclusion. The program will culminate in a "Student Pitch Showcase" event later this year, providing participants with an opportunity to demonstrate what they have learned.

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.

Media Contact: Andrea Kozek
Vice President | Senior Manager, Public Relations
920-491-7518 | [email protected]

SOURCE Associated Banc-Corp

, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced Andy Miner has joined the organization as senior director, AI for Corporate & Commercial Banking, reporting to Phillip Trier, executive vice president, head of Corporate & Commercial Banking. This new role will be the single point of accountability for AI within the line of business, driving strategy, uses cases, delivery and adoption and being a steward of risk and data.

Andy Miner, senior director, AI for Corporate & Commercial Banking, Associated Bank Associated's Commercial business has been steadily growing, with 2025 being a record year. In 2026, the team expanded into Dallas as part of the bank's organic growth strategy. Focusing on AI benefits for Commercial will help accelerate loan processing, generate personalized client insights and can help with heavy lifting of data so the team can focus on offering solutions and products for clients. For Commercial, AI will primarily be first used in internal workflows such as portfolio management and treasury and payments, where customer experience can be improved through careful automation of mundane tasks.

"Banking is ultimately about understanding our clients' businesses, goals and decision-making processes," said Trier. "Andy's background in psychology and banking, combined with deep expertise in analytics and AI, will help us turn data into meaningful insights that strengthen client relationships and drive growth. As we continue investing in technology and talent, this unique skill set will play an important role in helping us deliver a more personalized and proactive Commercial banking experience."

Miner joins Associated from U.S. Bank, where he served in a senior role to launch and scale the bank's enterprise analytics function while overseeing more than 60 team members. He built and scaled enterprise analytics and AI capabilities that drove customer growth, improved banker effectiveness, and contributed to meaningful revenue expansion. Prior to that, Miner was at Target where he led a 100+ person global team in the company's newly formed data organization, leading business intelligence and analytics supporting numerous departments.

"I was drawn to Associated because it's clear the bank is making meaningful investments in the future of banking, particularly in data, analytics and artificial intelligence, with vision and commitment to creating better experiences for customers and colleagues," said Miner. "I'm excited to join an organization that sees AI as a strategic capability that can help deepen relationships, improve decision-making and drive growth."

Miner has a bachelor's degree in psychology from Cornell University and a master's and Ph.D. in organizational psychology, both from University of Illinois Urbana-Champaign. He teaches Data Science, AI & Analytics for Revenue Growth at Pacific Coast Banking School. Miner and his family live in Woodbury, Minn.

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.

Media Contact: Andrea Kozek
Vice President | Senior Manager, Public Relations
920-491-7518 | [email protected]

SOURCE Associated Banc-Corp

DeLoye sold 14,299 shares for a transaction value of ~$404,000 on May 26, 2026. This sale represented 40.1% of his direct holdings, reducing his direct position from 35,684 to 21,385 shares.

Nearly 2,600 employees to volunteer across six states, plus $13,400 in community grants and Stock the Box™ food drive to provide resources to local nonprofits addressing food insecurity

, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") will hold its fourth annual Day of Service June 23–25, mobilizing nearly 2,600 employees to volunteer with more than 200 nonprofit organizations across Wisconsin, Illinois, Minnesota and parts of Missouri, Iowa and Nebraska. For the first time, colleagues from Iowa and Nebraska will participate in the initiative, extending the bank's commitment to strengthening the communities it now calls home. These communities became part of Associated following its recently completed merger with American National Corporation ("American National"), including its bank subsidiary, American National Bank.

Volunteers at Associated Bank's 2025 Day of Service. American National has deep roots in community engagement across Nebraska and Iowa. Day of Service carries that forward and gives employees from across the combined organization a chance to serve side by side. Each participating employee will receive dedicated volunteer time for their participation.

This year's programming centers on two areas of elevated community need: food security and youth services. Youth services is the top cause area that Associated colleagues choose when volunteering throughout the year. According to Feeding America1, nearly 14 million children across the country face food insecurity, a challenge that deepens in summer months when school meal programs are no longer available to fill the gap.

Volunteer activities across all six states will include repacking food at food banks and pantries, supporting youth summer programs and educational activities, community gardening and cleanup, and other projects shaped by each market's specific needs.

In addition, as part of the initiative, Associated is awarding $13,400 in community grants to 11 nonprofits. The grants support organizations working in food access, housing stability, youth development and community services.

"Day of Service has always been about more than a single day; it's a reflection of who we are as a company and how we show up for the communities we serve," said LaDonna Reed, senior vice president, director of Community Accountability and president of Associated Bank Foundation. "Welcoming our new colleagues in Iowa and Nebraska into this tradition for the first time is a proud moment. It's one of the most tangible ways we can demonstrate that being part of Associated means being invested in your community."

Ahead of the volunteer days, Associated Bank branches across all markets are hosting Stock the Box™, a public food drive running June 3–19. Community members are invited to drop off nonperishable, non-glass food items at local branches. All contributions go directly to area food pantries and nonprofit partners.

The Day of Service has grown steadily since its launch in 2023. Through 2025, the initiative has generated more than 20,500 volunteer hours with a community service value of more than $687,000. Last year, 59% of Associated colleagues, more than 2,400 employees, volunteered across 182 nonprofit organizations in 104 cities.

The Day of Service is one part of Associated's broader commitment to the communities it serves. The bank's $2 billion Community Commitment Plan provides loans and investments in support of community development, complemented by charitable contributions focused on programs that help families and neighborhoods grow and prosper.

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

ABOUT STOCK THE BOX™
Stock the Box™ is a public food drive initiative led by Associated Bank that collects nonperishable food items for local nonprofit organizations at select bank branches or other locations. The drives typically take place during Associated's annual Day of Service.

1 Source: https://www.feedingamerica.org/hunger-in-america/child-hunger-facts

Media Contact:
Andrea Kozek
VP/Senior Manager, Public Relations
920-491-7518

SOURCE Associated Banc-Corp

Analysts on Wall Street project that Associated Banc-Corp (ASB - Free Report) will announce quarterly earnings of $0.69 per share in its forthcoming report, representing an increase of 17% year over year. Revenues are projected to reach $385 million, increasing 10.3% from the same quarter last year.

The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

With that in mind, let's delve into the average projections of some Associated Banc-Corp metrics that are commonly tracked and projected by analysts on Wall Street.

The consensus among analysts is that 'Average Balance - Total earning assets and related interest income' will reach $41.21 billion. Compared to the current estimate, the company reported $39.28 billion in the same quarter of the previous year.

Analysts forecast 'Total nonperforming assets' to reach $129.76 million. Compared to the present estimate, the company reported $158.97 million in the same quarter last year.

Based on the collective assessment of analysts, 'Nonaccrual loans' should arrive at $103.38 million. The estimate compares to the year-ago value of $134.81 million.

Analysts' assessment points toward 'Adjusted efficiency ratio' reaching 55.6%. The estimate compares to the year-ago value of 58.6%.

According to the collective judgment of analysts, 'Net Interest Income (FTE)' should come in at $311.37 million. The estimate is in contrast to the year-ago figure of $290.20 million.

The combined assessment of analysts suggests that 'Bank and corporate owned life insurance' will likely reach $4.41 million. Compared to the present estimate, the company reported $5.20 million in the same quarter last year.

Analysts expect 'Capital markets, net' to come in at $6.82 million. The estimate is in contrast to the year-ago figure of $4.35 million.

The consensus estimate for 'Mortgage banking, net' stands at $3.16 million. Compared to the present estimate, the company reported $3.82 million in the same quarter last year.

The collective assessment of analysts points to an estimated 'Card-based fees' of $12.04 million. Compared to the current estimate, the company reported $10.44 million in the same quarter of the previous year.

It is projected by analysts that the 'Service charges and deposit accounts fees' will reach $13.67 million. The estimate compares to the year-ago value of $12.81 million.

Analysts predict that the 'Wealth management fees' will reach $25.14 million. Compared to the present estimate, the company reported $22.50 million in the same quarter last year.

The average prediction of analysts places 'Total Noninterest Income' at $73.30 million. Compared to the present estimate, the company reported $58.78 million in the same quarter last year.

View all Key Company Metrics for Associated Banc-Corp here>>>

Over the past month, Associated Banc-Corp shares have recorded returns of +11.7% versus the Zacks S&P 500 composite's +8.6% change. Based on its Zacks Rank #3 (Hold), ASB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Associated Banc-Corp (ASB - Free Report) 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%.

What's Next for Associated Banc-Corp?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 complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.71 on $437.2 million in revenues for the coming quarter and $2.85 on $1.73 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, FirstSun Capital (FSUN - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on April 27.

This company is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of +8.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

FirstSun Capital's revenues are expected to be $108.95 million, up 11.9% from the year-ago quarter.

Associated Banc-Corp (ASB) Q1 2026 Earnings Call Transcript