Associated Banc-Corp

Latest Results (17.05.2026):

Associated Banc-Corp’s fourth quarter 2025 results (quarter ended December 31, 2025) show a strong rebound: Q4 net income available to common equity was $134 million (diluted EPS $0.80), and full-year 2025 net income available to common equity was a record $463 million (diluted EPS $2.77), driven by higher net interest income, loan and deposit growth, and improved credit performance versus 2024.

Quarter & Year Earnings

Q4 2025 net income available to common equity: $134 million (diluted EPS $0.80) vs. a Q4 2024 loss of $164 million. Full-year 2025 net income available to common equity: $463 million (diluted EPS $2.77), the strongest bottom line in company history.

Net Interest Income & Margin

Record full-year net interest income of $1.20 billion (+15% vs. 2024). Net interest margin was 3.03% for 2025 (Q4 NIM 3.06%), supporting revenue growth even as yields and funding costs shifted.

Loans & Deposits

Period-end total loans $31.2 billion (+5% YoY) and total deposits $35.6 billion (+3% YoY). Core customer deposits were $29.6 billion (+3% YoY). Management expects 2026 period-end loan and deposit growth of 5%–6% (ex‑acquisition impact).

Noninterest Income & Expense

Full-year noninterest income $286 million (large year-over-year swing influenced by prior-year nonrecurring portfolio/investment losses). Full-year noninterest expense $856 million (+5% YoY); Q4 noninterest expense $219 million. Management expects noninterest income to grow 4%–5% and noninterest expense +3% in 2026 (ex‑acquisition).

Credit Quality

Provision for credit losses for 2025 was $54 million (Q4 provision $7 million). Allowance for credit losses on loans / total loans was 1.35%; net charge-offs / average loans reported at 0.12%. Nonaccrual loans declined to $100 million (0.32% of loans).

Capital & Balance Sheet

Total assets about $45.2 billion. CET1 capital ratio at December 31, 2025 was 10.49%, above well‑capitalized benchmarks. Book value per share $28.81 and tangible book value per share $22.01.

Nonrecurring Items & One‑time Effects

2024 had material nonrecurring losses from a balance-sheet repositioning (mortgage portfolio sale and investment sale) that drove comparability; 2025 results reflect the absence of those large losses and some related adjustments, improving year-over-year comparisons.

Outlook & Strategic Items

Management outlook for 2026 (ex‑American National acquisition): loan and deposit growth 5%–6%, net interest income growth ~5.5%–6.5%, noninterest income growth 4%–5%, noninterest expense +3%, and an effective tax rate of 19%–21%. The company also expects to close and integrate American National Bank later in 2026.