Associated Banc-Corp Reports Strong Q1 2025 Recovery

Associated Banc-corp ( (ASB) ) has released its Q1 earnings. Here is a breakdown of the information Associated Banc-corp presented to its investors.

Associated Banc-Corp, headquartered in Green Bay, Wisconsin, is the largest bank holding company in the state, providing a comprehensive range of financial services across the Midwest. In the first quarter of 2025, Associated Banc-Corp reported a net income of $99 million, or $0.59 per common share, marking a significant recovery from a loss of $164 million in the previous quarter. The company’s financial performance was bolstered by strategic milestones, including commercial expansion and balance sheet repositioning, contributing to loan and deposit growth and improved credit quality. Key financial metrics for the quarter included a net interest income of $286 million, a net interest margin of 2.97%, and a provision for credit losses of $13 million. The company also achieved a 2% increase in total loans and a 2% increase in total deposits compared to the previous quarter. Looking ahead, Associated Banc-Corp remains optimistic about its strategic positioning, with expectations of continued loan and deposit growth and a stable capital position to navigate the uncertain macroeconomic environment.