Associated Banc- Stock Earnings Reports

Associated Banc-Corp reported solid Q1 2026 results and reiterated confidence in its growth strategy. Key operational highlights: earnings of $0.70 per share; period-end loans up $635 million (+2% quarter-over-quarter) driven by ~$540 million of C&I growth; core customer deposits up $820 million in the quarter and +4.5% year-over-year; checking household growth was 2.2% annualized. Net interest income was $307 million (down modestly from Q4 but +7% year-over-year); total noninterest income of $76 million; noninterest expense of $219 million and adjusted efficiency ratio ~55.8%. Asset quality remained strong — modest charge-offs (7 bps annualized) and an ACL of $425 million (1.34% of loans). Management closed the acquisition of American National Bank (ANB) on April 1 and is on track for systems/branch conversion in late Q3; pro forma they now expect 2026 period-end loan and deposit growth of ~17%–19% versus Associated stand-alone 2025. Capital ratios remain solid (CET1 10.47%, TCE 8.27%) and tangible book value per share rose to $22.23. Management signaled upside to prior guidance for net interest income given recent loan growth and the rate outlook, affirmed disciplined expense management, expects to finalize purchase accounting this quarter, and indicated likely use of the existing $100 million share repurchase authorization this year once marks are complete.