Associated Banc-Corp reports Q2 EPS 65c, consensus 61c

Reports Q2 net interest margin of 3.04% from 2.97% last quarter. Tangible book value was $20.84 from $20.25 at previous quarter end. Common equity Tier 1 capital ratio was 10.20% vs. 10.11% in Q1. “Midway through 2025, Associated Bank is seeing strong momentum from the strategic actions we’ve taken over the past several quarters,” said CEO Andy Harmening. “In Q, we delivered over $350M in additional C&I loan growth, another 7 basis points of margin expansion, and the best checking household growth we’ve seen since we began tracking a decade ago–all of which contributed to the strongest quarterly net interest income we’ve seen in company history. Importantly, we also delivered another 9 basis points of CET1 capital accretion and solid credit performance. While uncertainty has been an ongoing theme at the macro level, we feel well-positioned to build on our momentum over the back half of the year thanks to our strengthened profitability profile, solid capital position, and disciplined approach to growth. We look forward to providing additional updates on our progress along the way.”