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Associated Banc-Corp (ASB)
NYSE:ASB
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.68Last Year’s EPS
0.6Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operating and financial achievements — record quarterly NII, robust C&I growth (>$1.2B in 2025) and meaningful deposit gains, improved profitability and capital metrics, and a clear organic growth plan supplemented by the American National acquisition. Headwinds noted include yield compression in some loan categories, elevated CRE payoffs, near‑term deposit seasonality, planned investment‑driven expense growth and the usual execution and integration risks tied to the acquisition. Management guidance is constructive for 2026 (NII +5.5%–6.5%, C&I +9%–10%, core deposits +5%–6%) excluding the acquisition, and the balance of positive operational momentum and disciplined credit/expense management outweighs the noted risks.Company Guidance
Record Net Interest Income and Margin Expansion
Q4 net interest income (NII) was a company record at $310M; NII rose 15% for 2025. Quarterly NIM was 3.06% in Q4 and the bank reported a full‑year NIM north of 3%, ~50 bps higher than 2020.
Strong C&I and Loan Growth
Added over $1.2B in relationship C&I balances in 2025. Total loans grew 1% sequentially in Q4 and 5% versus 2024; C&I led with ~2% quarterly growth and $200M+ in Q4. Management targets C&I growth of 9%–10% and total loan growth of 5%–6% for 2026 (standalone, excluding acquisition).
Core Deposit Gains and Improved Funding
Core customer deposits increased nearly $1B in 2025 and nearly $700M in Q4 versus Q3. Point‑to‑point period‑end core deposits rose 3.5% YoY, while quarterly‑average core deposits were 5% higher in 2025 vs 2024. Wholesale funding was reduced, including a $161M decrease in brokered CDs in Q4.
Record Full‑Year Profitability and ROTCE Momentum
Delivered the strongest net income in company history for 2025. Return on average tangible common equity climbed steadily, finishing Q4 above 15% (full‑year ROTCE cited at ~13.6%). Tangible book value per share rose to >$22 in Q4, +$2.30 YoY.
Fee Income Strength and Diversification
Total non‑interest income was $79M in Q4 (down $2M sequentially but up $8M vs adjusted Q4 2024); adjusted non‑interest income grew ~9% YoY. Wealth, card fees and capital markets were cited as drivers; guidance calls for +4%–5% non‑interest income growth in 2026 (ex acquisition).
Improved Efficiency and Expense Discipline
Adjusted efficiency ratio decreased more than 700 bps from 2020 to 2025. Q4 efficiency held at 55% while management emphasized positive operating leverage and plans for ~3% non‑interest expense growth in 2026 (ex acquisition).
Strong Credit Metrics and Low Losses
Q4 net charge‑offs were minimal at ~3 bps (Q4) and 12 bps for full year 2025 (well below medium‑term target of 35 bps). Non‑accrual balances fell to $100M in Q4; criticized loans decreased $165M QoQ. ACL rose modestly to $419M (ACL ratio 1.35%).
Strategic M&A and Market Expansion
Announced acquisition of American National (Dec 2025) to enter Omaha and deepen Twin Cities presence; management describes the deal as financially attractive with an initial internal payback ~2.25 years and strategic benefits to deposit and household growth.
Proven Growth Playbook and Pipeline Strength
C&I loans up >50% since 2020 and residential mortgage concentration down >10 percentage points since 2020. December 2025 pipeline was ~43% higher than December 2024. Plans to add ~11 RMs (10% increase bankwide) and increase marketing (Twin Cities & Omaha acquisition spend up >100% combined) to drive ~$1.2B of relationship C&I growth in 2026.
ASB Earnings History
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
ASB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 22, 2026 | $27.47 | $26.44 | -3.75% |
Oct 23, 2025 | $25.09 | $25.36 | +1.07% |
Jul 24, 2025 | $24.82 | $25.15 | +1.31% |
Apr 24, 2025 | $21.42 | $21.72 | +1.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Associated Banc-Corp (ASB) report earnings?
Associated Banc-Corp (ASB) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Associated Banc-Corp (ASB) earnings time?
Associated Banc-Corp (ASB) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASB EPS forecast?
ASB EPS forecast for the fiscal quarter 2026 (Q1) is 0.68.