Skip to main content

Go Premium in Our Biggest Sale Ever

UPGRADE NOW
TipRanks
Go Ultimate75% OFF

Associated Banc-Corp (AB5) Q3 2026 Earnings Report

1 Followers

DE:AB5 Q3 2026 EPS Results

Actual EPS
EUR 0.70
Consensus EPS
EUR 0.69
Beat/Miss
Beat by +EUR 0.01
One Year Ago EPS
EUR 0.66

DE:AB5 Q3 2026 Revenue Results

Actual Revenue
EUR 644.09M
Expected Revenue
EUR 412.51M
Beat/Miss
Beat by +EUR 231.58M
YoY Revenue Growth
+14.20%

Earnings Announcement Details

Quarter
Q3 2026
Date
10/22/2026
Time
After Close
Conference Call
Thursday, October 22, 2026
DE:AB5 Upcoming Earnings

Associated Banc-Corp's next earnings date is estimated for January 28, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

DE:AB5 Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Oct 22, 2026|% Change Since:9.60%|
Earnings Call Sentiment|Positive

The call was strongly positive. Management reported higher earnings, net interest income, margin, fee income and adjusted ROTCE, alongside solid deposit growth, commercial pipeline momentum, successful American National integration and improving credit metrics. The main challenges were elevated loan payoffs, higher nonaccrual balances, temporary auto delinquencies, ongoing acquisition and operating costs, and declines in certain capital measures, but management expressed confidence in its growth outlook and expects continued momentum into 2027.

Company Guidance

Management expects combined-company period end loan growth of 18% to 20% in 2026, C&I loan growth of 20% to 22%, 2026 period end total deposit growth of 17% to 19%, period end core customer deposit growth of 19 to 21%, and total 2026 net interest income growth of 19% to 21%, all compared to associated standalone results for the year ended December 31, 2025. Management expects total noninterest income growth of 12 to 14% and non interest expense growth of 19% to 20% in 2026, with acquisition related expenses landing at approximately $48.5 million and all remaining acquisition related expenses recognized by the year-end of 2026; it also expects securities plus cash to total assets to remain within the target range of between 22-24%, CET1 within the target range of between 10-10.75%, organic NIM expansion of a basis point or 2 quarter of organic expansion, CRE growth in the low mid single digits, and cumulative beta to roll around between 52-57%. The company expects 2026 loan growth, deposit growth, and margin outlooks to benefit from seasonal inflows and reduced wholesale funding, and expects any future provision adjustments to reflect changes to risk grades economic conditions, loan volumes, and other indications of credit quality.

  • Improved Profitability and EarningsReported GAAP EPS of $0.76 in Q3, or $0.81 after adjusting for nonrecurring acquisition costs. Adjusted ROTCE finished north of 15%, while management said profitability, revenue, margin and returns improved during the quarter.
  • Net Interest Income and Margin ExpansionNet interest income increased by $7 million, or 2%, versus the prior quarter to $377 million. Net interest margin expanded by 3 basis points to 3.20%, which management described as its second best quarter in over a decade. The company expects total 2026 net interest income to grow by 19% to 21% versus Associated standalone results for the year ended December 31, 2025.
  • Strong Core Deposit GrowthCore customer deposits grew by nearly $700 million, or 2%, during Q3, including nearly $400 million of growth in interest-bearing demand deposits. Growth was driven by organic relationship initiatives and seasonal inflows, and helped reduce wholesale funding. Management expects 2026 period-end total deposit growth of 17% to 19% and core customer deposit growth of 19% to 21% versus Associated standalone results for the year ended December 31, 2025.
  • Broad-Based Fee Income GrowthTotal noninterest income increased to $87 million, up 8% from the prior quarter and 7% from the same period a year ago. Growth was broad based and led by capital markets and asset gains, with additional improvement in service charges, deposit account fees and card-based fees. Management now expects 2026 noninterest income growth of 12% to 14% versus Associated standalone results for the year ended December 31, 2025.
  • Commercial Pipeline MomentumCommercial pipelines were up 36% to 40% year over year, with the funded portion higher than the commitment-based measure. Management expects solid fourth-quarter production and remains confident in the sustainability of its commercial growth strategy.
  • Loan Portfolio Remix and Growth OutlookAverage quarterly loans grew by 1% as the company continued growing commercial categories and working down lower-yielding noncustomer residential mortgage balances. For the combined company, management expects 2026 period-end loan growth of 18% to 20% and C&I loan growth of 20% to 22% versus Associated standalone results for the year ended December 31, 2025.
  • CRE Production and Construction CommitmentsCRE production was up roughly 50% year to date, with roughly 50% growth in payoffs. Half of CRE production was construction lending, and unfunded construction commitments also increased. Management expects responsible CRE growth in the low mid single digits.
  • Successful American National Systems ConversionAssociated completed the systems and branch conversion of American National Corporation over a three-day weekend, converting nearly 150 thousand loan and deposit accounts, 33 branches and 70, 80, and 70 ATMs. Management said the conversion was completed through months of planning and collaboration and creates opportunities in Omaha, the Twin Cities and beyond.
  • Early Omaha Customer EngagementWithin a week of the American National conversion, Associated was almost fully activated on the debit card portfolio relative to pre-conversion activation levels. Checking accounts opened during the first seven days were up 121% versus a comparison period from June to August.
  • Progress in Dallas and Kansas CityAssociated is booking loans in Dallas, while management said Kansas City has exceeded every projection established for the market and is nearly two years into its development. The company is also completing a transition to a new commercial platform and plans additional treasury management infrastructure to compete with regional and national players.
  • Customer and Relationship Growth PlatformThe customer household base has grown for seven consecutive quarters. Management cited a modernized digital banking experience, an enhanced product set, improved marketing acquisition capabilities, a successful mass affluent program, nearly 50% growth in relationship managers in key metros, new verticals and deposit-gathering capabilities, and new C&I offices in Kansas City and Dallas.
  • Treasury Management and HSA MomentumYear-to-date treasury management sales were up 37% from the same period a year ago. Management also said the company's HSA business has experienced either high single digits or double digit deposit growth regularly for the last 5 years.
  • Private Wealth and Capital Markets OpportunitiesAssociated added executives to its private wealth leadership team, upgraded its product suite and is enhancing the digital experience for wealth clients. Management expects American National's limited historical focus on wealth management and capital markets to create additional opportunities beginning in 2027, while capital markets is expected to show year-over-year improvement with higher highs and higher lows.
  • Expense Management and Operating Leverage FocusTotal noninterest expense decreased by $12 million from the prior quarter to $260 million. Management said it remains anchored on delivering positive operating leverage and expects 2026 noninterest expense growth of 19% to 20%, including nonrecurring American National acquisition costs.
  • Lower Acquisition Expense ForecastAmerican National acquisition-related expenses were $13 million in Q3, down from $24 million in Q2. Year-to-date acquisition expenses totaled $39 million, and the expected total was reduced to approximately $48.5 million from the previously forecast $52.5 million, with all remaining costs expected by year-end 2026.
  • Share Repurchases and Capital PositionAssociated repurchased $100 million of shares in Q3 at a weighted average share price of $30.88, its first major share buyback since 2021. Management expects to execute the remainder of its existing repurchase authorization in Q4 and plans to manage capital primarily to a CET1 target range of 10% to 10.75%.
  • Stable Credit PerformanceCredit trends were described as solid. Criticized loans decreased by 7%, or $121 million, from the prior quarter. Net charge-offs were $18 million, down 24%, or $6 million, and the net charge-off ratio was 19 basis points. Provision expense was $14 million, down $5 million from Q2 and down $2 million from Q3 of 2025.
  • Interest Rate PositioningThe company is keeping funding obligations short, maintaining approximately $2.45 billion of received-fixed swap balances and a $4 billion fixed-rate auto book with low prepayment risk. As of Q3, a 100-basis-point upward rate scenario represented a 1.8% impact to NIM and a 100-basis-point downward scenario represented a 1.1% impact, which management characterized as a relatively neutral position.
  • Strategic Growth Plan Through 2027 and BeyondManagement is finalizing the next wave of strategic initiatives, focused on growing the customer base, competing in major metro markets, outperforming in deposit gathering, driving relationship commercial growth, remixing the balance sheet, expanding margins and improving the return profile. Management expects to provide additional details in the first quarter.

DE:AB5 Earnings History

DE:AB5 earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Jan 28, 20272026 (Q4)0.71-0.72――
Oct 22, 20262026 (Q3)0.690.700.666.35% (+0.04)
Jul 23, 20262026 (Q2)0.640.580.59-0.45% (-0.00)
Apr 23, 20262026 (Q1)0.610.630.5417.94% (+0.10)
Jan 22, 20262025 (Q4)0.620.720.5142.11% (+0.21)
Oct 23, 20252025 (Q3)0.600.660.532.14% (+0.16)
Jul 24, 20252025 (Q2)0.550.590.4626.92% (+0.12)
Apr 24, 20252025 (Q1)0.510.540.4712.95% (+0.06)
Jan 23, 20252024 (Q4)0.480.510.477.55% (+0.04)
Oct 24, 20242024 (Q3)0.440.500.475.66% (+0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed