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.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the 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.
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 17.47% since the start of the year. Currently paying a dividend of $0.24 per share, the company has a dividend yield of 3.17%. In comparison, the Banks - Midwest industry's yield is 2.51%, while the S&P 500's yield is 1.33%.
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 33%, meaning it paid out 33% 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 $2.91 per share, which represents a year-over-year growth rate of 5.05%.
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.
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).
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.
Andrew Harmening - President, CEO & Director
Derek Meyer - Executive VP & CFO
Patrick Ahern - Executive VP, Chief Credit Officer & Chicago Market President
Conference Call Participants
Brandon Rud - Stephens Inc., Research Division
Daniel Tamayo - Raymond James & Associates, Inc., Research Division
Casey Haire
Jonathan Rau - Barclays Bank PLC, Research Division
Jon Arfstrom - RBC Capital Markets, Research Division
Christopher O'Connell - Keefe, Bruyette, & Woods, Inc., Research Division
Presentation
Operator
Good afternoon, everyone, and welcome to Associated Banc-Corp's Second Quarter 2026 Earnings Conference Call. My name is Alicia, and I will be your operator today. [Operator Instructions] We will be conducting a question-and-answer session at the end of the conference. Copies of the slides will be referenced during today's call are available on the company's website at investor.associatedbank.com. As a reminder, this conference is being recorded.
As outlined on Slide 2, during the course of the discussion today, management may make statements that constitute projections, expectations, beliefs or similar forward-looking statements. Associated actual results may differ materially from the results anticipated or projected in such forward-looking statements. Additional detailed information concerning the important factors that could cause associated actual results to differ materially from the information discussed today is readily available on the SEC website in the Risk Factors section of Associated's most recent Form 10-K and subsequent SEC filings. These factors are incorporated herein by reference.
For a reconciliation of the non-GAAP financial measures to the GAAP financial measures mentioned in this conference call, please refer to Pages 28 through 31 on the slide presentation and to Pages 10 and 11 of the press release financial tables. Following today's presentation, instructions will be given for the question-and-answer session.
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 NYSE: ASB reported higher second-quarter earnings on an adjusted basis as the Green Bay, Wisconsin-based bank incorporated the acquisition of American National Corporation and continued to post organic growth in commercial lending and customer deposits.
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 (ASB - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis bank holding company is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of +10.8%.
Revenues are expected to be $443.65 million, up 20.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.35% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Associated Banc-Corp?For Associated Banc-Corp, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Associated Banc-Corp will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Associated Banc-Corp would post earnings of $0.69 per share when it actually produced earnings of $0.70, delivering a surprise of +1.45%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Associated Banc-Corp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsEnterprise Financial Services (EFSC - Free Report) , another stock in the Zacks Banks - Midwest industry, is expected to report earnings per share of $1.35 for the quarter ended June 2026. This estimate points to a year-over-year change of -1.5%. Revenues for the quarter are expected to be $188.23 million, up 8.6% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Enterprise Financial Services has been revised 1.2% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.74%, reflecting a lower Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Enterprise Financial Services will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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.
Austal (ASB) is positioned for robust growth, anchored by multi-decade U.S., Australian, and AUKUS naval shipbuilding programs. Despite recent share price declines and profit-taking, ASB's current valuation fails to reflect its long-term order visibility and expansion opportunities. I apply an 11.4x EV/EBITDA multiple, yielding a conservative $5.75 price target and nearly 100% upside versus current levels.
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]
, /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]
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
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 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 13.35% so far this year. The bank holding company is currently shelling out a dividend of $0.24 per share, with a dividend yield of 3.29%. This compares to the Banks - Midwest industry's yield of 2.59% and the S&P 500's yield of 1.43%.
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 33%, meaning it paid out 33% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, ASB expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.92 per share, representing a year-over-year earnings growth rate of 5.42%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. 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 have to be mindful 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).
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.
, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced it expects to release second quarter 2026 financial results on Thursday, July 23, 2026, after market close. The Company also expects to host a conference call for investors and analysts at 4:00 p.m. Central Time (CT) on the same day.
Interested parties can access the live webcast of the call through the Investor Relations section of the Company's website, http://investor.associatedbank.com. Parties may also dial into the call at 877-407-8037 (domestic) or 201-689-8037 (international) and request the Associated Banc-Corp second quarter 2026 earnings call. The financial tables and an accompanying slide presentation are expected to be available on the Company's website just prior to the call. An audio archive of the webcast is expected to be available on the Company's website approximately fifteen minutes after the call is over.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of approximately $50 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.
FORWARD-LOOKING STATEMENTS
Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most 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 | [email protected]
Media Contact: Andrea Kozek
Vice President | Senior Manager, Public Relations
920-491-7518 | [email protected]
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.
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.
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.
Media Contact:
Andrea Kozek
VP/Senior Manager, Public Relations
920-491-7518
View original content to download multimedia:https://www.prnewswire.com/news-releases/associated-bank-announces-fourth-annual-day-of-service-302803296.html
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 >>>> .
GREEN BAY, Wis., April 23, 2026 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $117 million, or $0.70 per common share, for the quarter ended March 31, 2026.
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.
For the quarter ended March 2026, Associated Banc-Corp (ASB - Free Report) reported revenue of $387.19 million, up 11% over the same period last year. EPS came in at $0.70, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $385 million. With the consensus EPS estimate being $0.69, the EPS surprise was +1.45%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Associated Banc-Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Balance - Total earning assets and related interest income: $41.35 billion versus the four-analyst average estimate of $41.21 billion.Net Interest Margin: 3% versus the four-analyst average estimate of 3.1%.Net charge offs / average loans: 0.1% versus the four-analyst average estimate of 0.2%.Total nonperforming assets: $143.92 million compared to the $129.57 million average estimate based on three analysts.Adjusted efficiency ratio: 55.8% versus 55.9% estimated by three analysts on average.Nonaccrual loans: $110.58 million versus the two-analyst average estimate of $103.38 million.Net Interest Income (FTE): $311.33 million versus the four-analyst average estimate of $311.32 million.Total Noninterest Income: $75.86 million versus $73.42 million estimated by four analysts on average.Mortgage banking, net: $6.11 million compared to the $3.17 million average estimate based on four analysts.Card-based fees: $11.58 million versus the four-analyst average estimate of $12.16 million.Service charges and deposit accounts fees: $14.05 million versus the four-analyst average estimate of $13.7 million.Wealth management fees: $25.22 million versus the three-analyst average estimate of $25.14 million.View all Key Company Metrics for Associated Banc-Corp here>>>
Shares of Associated Banc-Corp have returned +10.3% over the past month versus the Zacks S&P 500 composite's +9.7% 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.
Key Takeaways Associated Banc-Corp posted Q1 2026 EPS of $0.70, topping consensus by $0.01 and up from $0.59.ASB revenues hit $387.2M: NII up 7%, non-interest income up 29%, but non-interest expense rose 4%.ASB provision fell to $11M; NPAs down 9% and net charge-offs down 39%, while loans reached $31.8B. Associated Banc-Corp’s (ASB - Free Report) first-quarter 2026 earnings of 70 cents per share beat the Zacks Consensus Estimate by a penny. The bottom line compared favorably with 59 cents in the prior-year quarter.
Results reflected higher net interest income (NII) and non-interest income. A rise in loans and deposit balances, and lower provisions acted as tailwinds. However, higher expenses were an undermining factor.
Net income available to common equity was $117 million, up 18% year over year. Our estimate for the metric was $113.7 million.
ASB’s Revenues Rise, Expenses UpTotal revenues (FTE basis) for the quarter were $387.2 million, up from $349 million in the prior-year quarter. The top line outpaced the Zacks Consensus Estimate of $385 million.
NII was $309.2 million, increasing 7% year over year. The net interest margin was 3.03%, up 6 basis points (bps). The rise was driven by a lower average cost of total interest-bearing liabilities. We had expected NII and net interest yield to be $300.2 million and 3.04%, respectively.
Non-interest income totaled $75.9 million, improving 29% from the prior-year quarter. This primarily reflected increases in wealth management fees, service charges and deposit account fees, card-based fees, capital markets revenue and mortgage banking income. Our estimate for non-interest income was $72.5 million.
Non-interest expenses were $219 million, up 4% year over year. The rise mainly reflected higher personnel, technology, business development and advertising, equipment and legal and professional costs, partially offset by lower occupancy, FDIC assessment, loan and foreclosure costs, and other expenses. Our estimate for non-interest expenses was $213.9 million.
The adjusted efficiency ratio was 55.77%, down from 58.55% in the prior-year quarter. A fall in the efficiency ratio indicates an improvement in profitability.
Associated Banc-Corp’s Loans & Deposits RiseAs of March 31, 2026, total loans were $31.8 billion, up 2% sequentially. The rise was primarily driven by higher commercial and business lending and commercial real estate lending. Our estimate for total loans was $31.7 billion.
Total deposits rose 1% sequentially to $35.7 billion. Our estimate for total deposits was $36.4 billion.
Associated Banc-Corp’s Credit Quality ImprovesIn the reported quarter, the company recorded a provision for credit losses of $11 million, down from $13 million in the prior-year quarter. Our estimate for the metric was $16.1 million.
As of March 31, 2026, total non-performing assets were $143.9 million, down 9% year over year. Total non-accrual loans were $110.6 million, falling 18%.
Net charge-offs were $5 million, down 39% from the prior-year quarter.
Associated Banc-Corp’s Capital Ratios ImproveAs of March 31, 2026, the common equity Tier 1 (CET1) capital ratio was 10.47%, up from 10.11% recorded in the corresponding period of 2025. The Tier 1 capital ratio was 11.01%, up from 10.68%.
ASB 2026 ViewAfter including the impact of the acquisition of American National Corporation, management expects total period-end loan growth of 17-19% compared with ASB’s standalone results for the year ended Dec. 31, 2025.
Period-end total deposit growth is estimated in the range of 17-19%, while period-end core customer deposit growth is anticipated in the 19-21% band.
The company expects to share an updated 2026 NII and non-interest expense outlook following the finalization of purchase accounting adjustments tied to the acquisition of American National Corporation.
Total non-interest income is expected to rise 8-10%.
The annual effective tax rate is expected to be 19-21%.
Our Take on Associated Banc-CorpAssociated Banc-Corp’s solid quarterly performance highlights the benefits of its growth momentum and disciplined balance sheet management. Continued commercial and industrial loan growth, expanding core customer deposits, steady credit performance and a solid capital position bode well for the company’s sustained growth. The buyout of American National Corporation will also support its financials. 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 ASB’s Peer BanksBank OZK (OZK - Free Report) reported first-quarter 2026 adjusted earnings per share of $1.44, which missed the Zacks Consensus Estimate of $1.46. Also, the bottom line declined 2% year over year.
Results were primarily hurt by higher provisions for credit losses and a rise in operating expenses. A decline in non-interest income also acted as a headwind. Nevertheless, solid NII growth and healthy loans and deposits balances provided support to Bank OZK’s performance.
East West Bancorp, Inc.’s (EWBC - Free Report) first-quarter 2026 earnings per share of $2.57 beat the Zacks Consensus Estimate of $2.46. Moreover, the bottom line increased 22.9% from the prior-year quarter’s level.
The results were primarily aided by an increase in NII and non-interest income alongside lower provisions. Also, loan and deposit balances increased sequentially in the quarter. However, higher non-interest expenses acted as a spoilsport for East West Bancorp.
, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the results of the actions taken at its 2026 Annual Meeting of Shareholders.
Annual Meeting Results
The following directors were elected:
John (Jay) B. Williams, chairman, Associated Banc-Corp, and chairman, Church Mutual Insurance Company Owen J. Sullivan, vice chairman, Associated Banc-Corp, and former president and chief operating officer of the former NCR Corporation Andrew J. Harmening, president and chief executive officer, Associated Banc-Corp Judith P. Greffin, former chief investment officer, Allstate Corporation Michael J. Haddad, chair of the board of directors, Schreiber Foods, Inc. Rodney Jones-Tyson, global chief human resources officer, Baird Financial Group Eileen A. Kamerick, adjunct professor of law and consultant Wende L. Kotouc, former executive co-chairperson and chief executive officer of American National Bank and executive vice president of American National Kristen M. Ludgate, former strategic advisor and former Chief People Officer at HP Inc. Cory L. Nettles, founder and managing director, Generation Growth Capital, Inc. Karen T. van Lith, founder and CEO of APEL Worldwide, LLC Shareholders also (1) approved named executive officer compensation, and (2) ratified the selection of KPMG LLP as Associated's independent accounting firm for 2026.
The Board of Directors recognized R. Jay Gerken, Robert A. Jeffe, and Gale E. Klappa as they retired from the Board. "We are deeply grateful to Jay Gerken, Bob Jeffe and Gale Klappa for their many years of service and leadership," said John (Jay) B. Williams, Chairman of the Board. "In recognition of their contributions, the Company has made a $25,000 charitable donation in each director's honor to the charity of their choice. We thank them for their dedication and wish them the very best."
Dividends Declared
The Associated Board of Directors declared a regular quarterly cash dividend of $0.24 per common share, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026.
The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026.
The Board of Directors also declared a regular quarterly cash dividend of $0.3515625 per depositary share on Associated's 5.625% Series F Perpetual Preferred Stock, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026.
Stock Repurchase Program
In addition, the Board authorized the repurchase of up to $100 million of Associated's common stock. This repurchase authorization is in addition to the authority remaining under the previous program. With this repurchase authorization, the total authorization to repurchase common stock is $214 million as of April 28, 2026. Repurchases under such programs are subject to regulatory limitations and may occur from time to time in open market purchases, block transactions, accelerated share repurchase programs or similar facilities.
Technology Committee Established
The Board of Directors also established a Technology Committee of the Board. The Technology Committee will oversee Associated's data management, information technology, information security, vendor management, and measures taken by Associated to assess and mitigate risks in such areas.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of approximately $50 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.
FORWARD-LOOKING STATEMENTS
Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include the ability to complete the proposed transaction involving Associated Banc-Corp ("Associated") and American National Bank ("American National") and to integrate the two businesses successfully and in a timely manner, if at all; the possibility that the anticipated benefits of the transaction are not realized when expected or at all; and such other risk factors as 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
, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) announced today that Management expects to meet with investors during the following events in the second quarter of 2026:
2026 RBC Capital Markets US Banks Fixed Income Investor Symposium (virtual) on May 7, 2026 2026 Wells Fargo Financial Services Conference in Chicago, IL on May 13-14, 2026 2026 Truist Securities Financial Services Conference in New York, NY on May 19-20, 2026 Raymond James 2026 Chicago Bank Symposium in Chicago, IL on May 28, 2026 Additional information for investors can be accessed via Associated Banc-Corp's Investor Relations website at http://investor.associatedbank.com.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of approximately $50 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.
FORWARD-LOOKING STATEMENTS
Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most 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
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, 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 9.39% so far this year. The bank holding company is currently shelling out a dividend of $0.24 per share, with a dividend yield of 3.41%. This compares to the Banks - Midwest industry's yield of 2.71% and the S&P 500's yield of 1.39%.
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 33%, meaning it paid out 33% 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 $2.89 per share, with earnings expected to increase 4.33% 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).
Associated Banc-Corp remains a soft 'buy' due to solid balance sheet growth and improving profitability. ASB's organic deposit growth and declining high-cost brokered deposits underscore healthy funding dynamics and conservative risk management. Credit quality continues to improve, with non-performing loans/assets at 0.35%/0.32%, both below industry benchmarks.
Brandon White joins bank as senior vice president, Dallas market leader; move builds on proven Kansas City model as bank extends national commercial reach
, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced it is significantly growing its commercial banking capabilities and expanding into the Dallas market, adding a dedicated Corporate and Commercial Banking team to complement its established Commercial Real Estate (CRE) business in the market. The expansion includes new leadership, additional relationship manager hiring and the buildout of enhanced deposit and treasury management solutions for commercial clients in Texas.
Brandon White, senior vice president, Dallas market leader, Corporate and Commercial Banking at Associated Bank. The move follows the success of Associated's Kansas City, Missouri, commercial team, which launched in March 2025 as the bank's first market entered without a traditional branch network. Within its first year, the Kansas City team doubled in size from three to six bankers and exceeded growth expectations, validating the bank's approach of pairing experienced local talent with the full resources of a $50 billion institution. Dallas represents the next step in that proven playbook as a key growth market.
Brandon White, senior vice president, Dallas market leader, Corporate and Commercial Banking, has been hired to lead the initiative. In his role, White will oversee the buildout of a dedicated Commercial team, with relationship manager (RM) hiring underway. The bank expects to add approximately four positions across its Texas offices in 2026.
"Dallas represents a significant opportunity for Associated Bank as we continue to expand our commercial banking footprint in high-growth markets beyond the Midwest," said Phillip Trier, executive vice president, head of Corporate & Commercial Banking. "Bringing on Brandon to lead our Commercial efforts allows us to build on the success of Associated's CRE momentum and deliver a more comprehensive suite of solutions to our clients."
Prior to joining Associated, White was with Comerica Bank for more than 16 years, most recently leading a team of RMs focused on developing opportunities with corporate banking clients and sport franchises. He will report into Matt Flynn, senior vice president, business segment and region leader. Based in Kansas City, Mo., Flynn oversees Associated's expansion into Kansas City, Mo., Kansas, Oklahoma and Texas as well as leads Associated Bank's national Short Line Rail Industry vertical.
To support this growth and new team, Associated is doubling the size of its Preston Center office at 5950 Sherry Lane in Dallas to nearly 6,000 square feet, with construction underway and expected to be complete in August 2026.
Associated's Dallas office was established in 2015 to serve CRE clients, and expanded services into Houston in 2022. Associated's Texas offices serve clients across Dallas, Houston, Austin and San Antonio.
"This is an exciting opportunity to establish and grow Associated Bank's commercial banking presence in Dallas and across Texas," said White. "Dallas is a dynamic, high-growth market, and we are committed to building a strong, local team that understands the needs of businesses here. By combining relationship-driven banking with the full breadth of our capabilities, we look forward to delivering tailored financial solutions that help our clients succeed."
The expansion enables Associated to offer enhanced deposit and treasury management solutions to commercial clients in Texas, building on the bank's 2024 launch of its Specialty Deposit and Payment Solutions national vertical. Combined with the September 2025 addition of Eric Lien as director of Treasury Management, Associated's Dallas team will be positioned to deliver a comprehensive suite of lending, deposit, payment and treasury solutions alongside its established CRE lending platform.
Dallas is adding approximately 100,000 new jobs per year, outpacing most major U.S. markets. Combined with Kansas City's position as a central U.S. business hub, the two markets give Associated a commercial presence that spans from the Midwest through the Southern and Central corridors of the country.
The Dallas and Kansas City expansions follow a period of substantial commercial growth for Associated. Since 2020, Associated has grown its Commercial loan portfolio significantly, with 2025 representing a record year for its Commercial business. In recent years, the bank has added top talent in key leadership roles, expanded capabilities through several new industry verticals, and increased the number of RMs in key growth markets including the Twin Cities and Kansas City.
White has a bachelor's degree from Texas Tech University – Rawls College of Business and an MBA from Texas Christian University. He resides in Dallas.
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
VP/Senior Manager, PR
920-491-7518
On May 20, 2026, Associated Banc-Corp ASB shares rose 3.0% to a current price of $27.99. The stock has seen a 52-week range between $22.40 and $29.52, reflecting a year of volatility and growth.
GF Value™ verdict: Current price is $27.99, while GF Value™ estimates fair value at $28.73, indicating the stock is 2.6% undervalued.GF Score™: 71/100, which is classified as above average, suggesting the stock has favorable attributes for long-term investment.Most notable signal: Insider activity shows that insiders sold $1.0 million worth of stock in the last 3 months, indicating a lack of buying interest. Is ASB Overvalued or Undervalued? With a current price of $27.99 and a GF Value™ estimate of $28.73, Associated Banc-Corp appears to be undervalued by approximately 2.6%. This undervaluation presents a potential opportunity for investors, particularly given the GF Valuation label of "Fairly Valued," which suggests that the stock is within a reasonable range of its intrinsic value based on current market conditions. However, potential investors should be cautious of the inherent risks, especially in light of the recent insider selling activity which could signal concerns about the company's future performance.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. This proprietary methodology provides a comprehensive framework to assess whether a stock is trading at a reasonable price relative to its estimated value.
How Does ASB's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 9.7x 11.0x Forward P/E 9.5x - The current P/E ratio of 9.7x is below its 5-year median P/E of 11.0x, indicating that the stock is trading at a lower valuation compared to historical levels. Additionally, the forward P/E of 9.5x suggests further potential for growth. This P/E analysis aligns with the GF Value™ verdict, reinforcing the notion that ASB may be undervalued in the current market context.
What Does ASB's GF Score™ Tell Us? Metric Rating GF Score™ 71/100 Financial Strength 2/10 Profitability 5/10 Growth 6/10 Valuation 9/10 Momentum 8/10 The GF Score™ of 71/100 indicates that Associated Banc-Corp has some favorable qualities, particularly in its valuation rank, which stands at an impressive 9/10. However, its financial strength is weak, rated at only 2/10, suggesting that the company may face challenges in terms of its overall financial stability. The profitability and growth scores are average, at 5/10 and 6/10 respectively, indicating room for improvement. The momentum rank of 8/10 reflects a positive trend in the stock's performance, which is encouraging for potential investors.
What Are Insiders Doing with ASB Stock? In the past three months, insiders of Associated Banc-Corp have sold approximately $1.0 million worth of shares, with no insider buying reported during this period. This pattern of selling may suggest a lack of confidence among insiders regarding the stock's future performance, which could be a red flag for potential investors. Such activity can influence market perceptions and may warrant careful consideration before making investment decisions.
What This Means for Investors Based on the GF Value™ analysis, Associated Banc-Corp is currently undervalued, presenting a potential opportunity for investors looking for stocks with favorable valuations. However, the recent insider selling and low financial strength rating should be taken into account as they may indicate underlying issues that could affect the stock's performance in the future.
For the complete analysis, visit the Associated Banc-Corp ASB stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ASB's GF Score™?
The GF Score™ of Associated Banc-Corp is 71/100, which indicates that it possesses above-average qualities that may lead to favorable long-term returns.
Is ASB overvalued or undervalued?
ASB is currently undervalued, with a GF Value™ estimate of $28.73 compared to its current price of $27.99, suggesting a potential upside.
What is ASB's P/E ratio?
The P/E ratio (TTM) for ASB is 9.7x, which is below its 5-year median P/E of 11.0x, indicating that the stock is trading at a lower valuation compared to its historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Strategic hires strengthen wealth advisory, planning and investment capabilities across Minnesota
, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced the continued expansion of its private wealth business in Minnesota with the addition of two experienced professionals to support growth in the Minneapolis market: Ken LaChance as senior private wealth advisory market leader – Minneapolis and Gracia Cavanaugh, CFP®, MS, as senior wealth planner for Minnesota.
LaChance will be based at the IDS Center in Minneapolis and report to Jayne Hladio, executive vice president and president of Associated Bank Private Wealth.
Ken LaChance, senior private wealth advisory market leader – Minneapolis at Associated Bank.
Gracia Cavanaugh, CFP®, MS, senior wealth planner for Minnesota at Associated Bank. The additions reflect Associated Bank's continued investment in Minneapolis as a key growth market for its private wealth business, building on the bank's broader expansion strategy across the Twin Cities and strengthening its ability to serve high-net-worth individuals, families and business owners with personalized advice and integrated banking capabilities.
In his role, LaChance will lead and coordinate local market efforts across Private Wealth to drive growth, deepen client relationships and enhance retention. He will work closely with wealth directors and partners across the bank to strengthen collaboration and deliver a seamless "One Associated" client experience, while helping expand the team's presence in Minnesota and supporting the integration of American National Bank clients.
"Minneapolis is an important growth market for our private wealth business, and we continue to invest in experienced talent who can deepen relationships and deliver the personalized guidance our clients expect," said Hladio. "Ken's leadership experience, market knowledge and collaborative approach will help accelerate our momentum in the Twin Cities while strengthening connectivity across our organization."
LaChance brings more than 30 years of financial services leadership experience spanning wealth management, commercial banking, growth strategy and team development. Most recently, he served as branch complex manager and executive director with Wells Fargo Advisors, where he led multi-office teams and drove business growth while maintaining strong operational and regulatory discipline. Earlier in his career, he held senior commercial banking leadership roles serving middle-market and corporate clients throughout Minnesota.
He earned a bachelor's degree from the University of Minnesota Duluth and holds FINRA Series 7, 9/10, 63 and 65 licenses.
Associated Bank also announced the addition of Cavanaugh as senior wealth planner for Minnesota. She will report to Michelle Slawny, senior vice president and wealth planning director, and will also be based at the IDS Center.
Cavanaugh brings more than 30 years of experience serving clients in the Twin Cities and California. Most recently, she served as region development manager at U.S. Bank, where she coached wealth teams and helped enhance client experience consistency through planning strategies, advisor development and relationship deepening initiatives. She also previously led advisory consulting efforts for MoneyGuidePro platform transitions and served as president of Cavanaugh Financial Group, advising clients on comprehensive financial planning strategies.
She earned a bachelor's degree from the University of St. Thomas and a master's degree in personal financial planning from The College for Financial Planning. She also holds FINRA Series 7, 24, 53 and 63 licenses.
These additions further strengthen Associated Bank's private wealth capabilities in Minnesota and complement the bank's recent appointment of Lisa Buetow to lead Major Metro Market Private Banking, reinforcing Associated's long-term commitment to growing its presence and serving clients across the Twin Cities market.
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
VP/Senior Manager, PR
920-491-7518
Strategic hires strengthen wealth advisory, planning and investment capabilities across Minnesota
, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced the continued expansion of its private wealth business in Minnesota with the addition of two experienced professionals to support growth in the Minneapolis market: Ken LaChance as senior private wealth advisory market leader – Minneapolis and Gracia Cavanaugh, CFP®, MS, as senior wealth planner for Minnesota.
LaChance will be based at the IDS Center in Minneapolis and report to Jayne Hladio, executive vice president and president of Associated Bank Private Wealth.
The additions reflect Associated Bank's continued investment in Minneapolis as a key growth market for its private wealth business, building on the bank's broader expansion strategy across the Twin Cities and strengthening its ability to serve high-net-worth individuals, families and business owners with personalized advice and integrated banking capabilities.
In his role, LaChance will lead and coordinate local market efforts across Private Wealth to drive growth, deepen client relationships and enhance retention. He will work closely with wealth directors and partners across the bank to strengthen collaboration and deliver a seamless "One Associated" client experience, while helping expand the team's presence in Minnesota and supporting the integration of American National Bank clients.
"Minneapolis is an important growth market for our private wealth business, and we continue to invest in experienced talent who can deepen relationships and deliver the personalized guidance our clients expect," said Hladio. "Ken's leadership experience, market knowledge and collaborative approach will help accelerate our momentum in the Twin Cities while strengthening connectivity across our organization."
LaChance brings more than 30 years of financial services leadership experience spanning wealth management, commercial banking, growth strategy and team development. Most recently, he served as branch complex manager and executive director with Wells Fargo Advisors, where he led multi-office teams and drove business growth while maintaining strong operational and regulatory discipline. Earlier in his career, he held senior commercial banking leadership roles serving middle-market and corporate clients throughout Minnesota.
He earned a bachelor's degree from the University of Minnesota Duluth and holds FINRA Series 7, 9/10, 63 and 65 licenses.
Associated Bank also announced the addition of Cavanaugh as senior wealth planner for Minnesota. She will report to Michelle Slawny, senior vice president and wealth planning director, and will also be based at the IDS Center.
Cavanaugh brings more than 30 years of experience serving clients in the Twin Cities and California. Most recently, she served as region development manager at U.S. Bank, where she coached wealth teams and helped enhance client experience consistency through planning strategies, advisor development and relationship deepening initiatives. She also previously led advisory consulting efforts for MoneyGuidePro platform transitions and served as president of Cavanaugh Financial Group, advising clients on comprehensive financial planning strategies.
She earned a bachelor's degree from the University of St. Thomas and a master's degree in personal financial planning from The College for Financial Planning. She also holds FINRA Series 7, 24, 53 and 63 licenses.
These additions further strengthen Associated Bank's private wealth capabilities in Minnesota and complement the bank's recent appointment of Lisa Buetow to lead Major Metro Market Private Banking, reinforcing Associated's long-term commitment to growing its presence and serving clients across the Twin Cities market.
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
VP/Senior Manager, PR
920-491-7518
View original content to download multimedia:https://www.prnewswire.com/news-releases/associated-bank-private-wealth-expands-leadership-team-in-minneapolis-market-302779124.html
, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced it will once again serve as the title sponsor of Audaxity, returning for the second annual fundraising bicycle ride in 2026 after supporting the event's inaugural year.
Andy Harmening, president and chief executive officer of Associated Bank, at 2025 Audaxity Bike Ride. Audaxity brings together riders, cancer survivors, caregivers and community members to raise critical funds for cancer research at the Medical College of Wisconsin (MCW) Cancer Center. With 100% of funds raised staying local, the event plays a meaningful role in advancing research that is improving outcomes for adult, pediatric and rare cancer patients across the region and the country.
"Returning as the title sponsor of Audaxity reflects our deep commitment to the communities we serve and to advancing lifesaving research close to home," said Jayne Hladio, president of Associated Bank Private Wealth and Associated's internal Audaxity champion. "This ride is about more than miles, it's about impact. Every dollar raised stays here in our community, supporting researchers at the Medical College of Wisconsin Cancer Center whose work is making real progress for families facing cancer in Wisconsin and far beyond."
Audaxity hosted its first ride in August 2025, drawing 1,074 participants, including 112 cancer survivors, across 111 teams made up of local businesses, community groups and individuals. Together, they rode 12,796 miles and raised more than $1 million to support local cancer research efforts. The event's name combines "audacity," representing bold determination, and "audax," a long-distance cycling challenge, to capture the spirit of riders committed to pushing boundaries for a greater cause.
"This partnership enables us to move faster with cancer research, from discovery to delivery of new treatments for patients," said Dr. Gustavo Leone, director of the MCW Cancer Center and senior associate dean of cancer research. "Audaxity and Associated are not only helping fund critical research, but they are also rallying the community around a shared purpose. That combination of resources and collective commitment is what drives meaningful progress against cancer and brings hope to patients and their families."
This year's Audaxity bike ride will take place on Sunday, August 2 at American Family Field, offering five ride courses of varying lengths and difficulty, as well as a flexible virtual participation option to make it accessible for individuals of all abilities and locations. A "Rev Up" event will take place on Friday evening, creating an opportunity for participants and supporters to celebrate the mission and get energized for the ride ahead.
The continued partnership between Associated and the MCW Cancer Center underscores a shared commitment to accelerating cancer research while building a strong, supportive community around those impacted by the disease. Through Associated's sponsorship of Audaxity, the MCW Cancer Center is putting the funds directly to work by bringing together researchers and clinicians to tackle cancer's toughest challenges, training the next generation of scientists and expanding access to lifesaving discoveries so more families, both here in Wisconsin and beyond, can benefit.
To learn more, sign up to ride, or volunteer, visit audaxity.org.
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
VP/Senior Manager, Public Relations
920-491-7518
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
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 9.32; value investors should take notice.
For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.09 to $2.92 per share. ASB boasts an average earnings surprise of +8.2%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ASB should be on investors' short list.
Renewed agreement enhances benefits for bank customers at historic Milwaukee venues
, /PRNewswire/ -- Associated Bank and the Pabst Theater Group today announced a five-year extension of their partnership, providing special concert perks to bank customers and continuing Associated Bank's role as the "official bank" of the Pabst Theater Group.
To celebrate the extension of their current partnership, the Pabst Theater Group is holding a contest open to any music fans for two free tickets to Riverside Theater shows by Harry Connick Jr. on July 13 and Of Monsters and Men on Aug. 4 in the "Associated Bank VIP Green Row Seats" – the best seats in the house.
The “Associated Bank VIP Green Row Seats” at The Pabst and The Riverside Theaters. The "Associated Bank VIP Green Row Seats" are first-row seats in the center sections of the balconies at The Pabst and The Riverside Theaters, with the Associated Bank & Pabst Theater Group logo and customized green. Contests and promotions for bank customers and the general public often include free tickets to these coveted seats.
"The Associated Bank Green Row Seats are the perfect place to see a show," said Gary Witt, CEO of the Pabst Theater Group. "Watching a show from these seats is like seeing a giant flatscreen come to life."
Fans can go to the following link to enter the contest: https://www.pabsttheatergroup.com/deals/associated-bank
Under the agreement, Associated Bank customers who show their bank debit or credit card will enjoy a robust program of exclusive benefits designed to get more out of every performance at Pabst Theater Group venues, including Pabst Theater, Riverside Theater, Turner Hall Ballroom, Vivarium and The Fitzgerald. The latter two venues were added to the partnership with the new extension, which runs from 2026 through 2031.
A new perk for bank customers will be a 10% bar discount when presenting an Associated Bank debit card. Continuing benefits include:
10% Merchandise Discount: Valid for in-person Pabst Theater Group merchandise purchases. Does not include artist merchandise. Exclusive Ticket Offers: Pre-sale access and special offers for those who opt in as eMembers. Free Coat Check: Provided at the Pabst and Riverside Theaters for cardholders when available. Surprise Seat Upgrades: Randomly selected fans and ticket holders may be moved to the premium Associated Bank Green Row Seats at select shows. "As a proudly independent, local Milwaukee organization, the Pabst Theater Group is thrilled to extend our partnership with Associated Bank, a company that shares our deep Wisconsin roots," Witt said. "There is something incredibly powerful about two 'born in Wisconsin' brands coming together with a shared vision. We are immensely proud to collaborate with a partner that understands the importance of nurturing and growing the soul and identity of Milwaukee through the world-class performances we bring to our stages every night."
"At Associated Bank, we believe the money entrusted to us should help strengthen the communities we serve," said Bryan Carson, executive vice president and chief product and marketing officer, Associated Bank. "That is why we are proud to continue our relationship with the locally based Pabst Theater Group, whose iconic venues play such an important role in Milwaukee's culture, economy and entertainment scene. Supporting organizations that bring people together and create lasting impact is core to who we are as a bank. It's even better when we can pass along savings to our cardholders too with the 10% bar and merchandise discounts."
The partnership between Associated Bank and the Pabst Theater Group remains rooted in a shared commitment to the creative, cultural, entertainment and financial vibrancy of downtown Milwaukee. The Pabst Theater Group is Wisconsin's top independent music promoter, with six of the most iconic and historic venues in Milwaukee bringing the best in music and comedy to live entertainment fans. Associated Bank is similarly invested in Milwaukee as a major lender in the metro area and Wisconsin's fastest growing bank.
For more information on the partnership visit: https://www.associatedbank.com/ptg
Media can download corporate logos and photos of contest artists and Green Row Seats at: https://bit.ly/3PU9sb4
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 PABST THEATER GROUP:
What began as an effort by Gary Witt and Matt Beringer to save the historic Pabst Theater has now evolved into the Pabst Theater Group. Now in its 24th year, the Pabst Theater Group has become an iconic Milwaukee brand that defines the city's soul and identity, helping to grow the city's night time economy of great restaurants, bars and coffee shops. Today, the group hosts 800 live events annually across six core venues—The Pabst Theater, Riverside Theater, Miller High Life Theatre, Turner Hall Ballroom, The Fitzgerald, and Vivarium—as well as various satellite locations. With a dedicated team of 350 staff members, the organization contributes over $250 million to Milwaukee's economy every year, proving that historic preservation and community building are powerful drivers of economic growth.
MEDIA CONTACTS:
Associated Bank, Andrea Kozek: 920/491-7518, [email protected] Pabst Theater Group, Jeff Bentoff: 414/791-1215, [email protected] SOURCE Associated Banc-Corp
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 7.69% 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 3.46% compared to the Banks - Midwest industry's yield of 2.66% and the S&P 500's yield of 1.44%.
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 33%, meaning it paid out 33% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, ASB expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.92 per share, with earnings expected to increase 5.42% from the year ago period.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers 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).
