Associated Banc (NYSE:ASB) Announces Earnings Results

Associated Banc (NYSE:ASB) issued its earnings results on Thursday. The bank reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01, FiscalAI reports. Associated Banc had a return on equity of 10.46% and a net margin of 19.88%.The business had revenue of $450.44 million during the quarter, compared to analyst estimates of $438.01 million. During the same period in the previous year, the company posted $0.65 EPS.

Here are the key takeaways from Associated Banc’s conference call:

• Associated said it already hit its full-year target of 9%-10% organic C&I loan growth by June 30, driven by $644 million of organic C&I growth in Q2 and nearly $1.2 billion in first-half growth.
• Management highlighted strong organic deposit momentum, with 6% year-over-year organic core customer deposit growth and primary checking households up on an annualized basis, which they said reflects improving customer acquisition and retention.
• The American National acquisition is tracking largely to plan, with expected cost saves now rising to about 30% of the acquired expense base and the earn-back still holding at 2.25 years.
• Q2 results included a higher net interest margin of 3.17% and management expects further margin expansion in the second half of 2026 as purchase accounting benefits burn off and the balance sheet remix continues.
• Credit metrics remained solid overall, though non-accruals and criticized loans increased modestly; management said the American National portfolio is performing in line with due diligence and that they are not seeing unexpected issues.

Associated Banc Price Performance

ASB opened at $30.28 on Friday. The firm has a market capitalization of $5.71 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50-day moving average is $29.38 and its two-hundred day moving average is $27.79. Associated Banc has a 1 year low of $23.63 and a 1 year high of $31.83.

Associated Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, June 1st. Associated Banc’s payout ratio is 33.33%.

Associated Banc News Summary

Here are the key news stories impacting Associated Banc this week:

• Positive Sentiment: Associated Banc-Corp reported Q2 2026 earnings of $0.73 per share, topping estimates, while revenue of $450.44 million also came in above expectations. Article Title
• Positive Sentiment: Management said it is targeting 18%-20% loan growth in 2026, signaling confidence in continued business expansion and demand trends. Article Title
• Positive Sentiment: The company also plans to resume share repurchases in the second half of 2026, which could support earnings per share and signal confidence in capital strength. Article Title
• Neutral Sentiment: Commentary from the earnings call and transcript points to ongoing organic growth and integration progress from American National Corporation, but these details are largely supportive rather than a separate catalyst. Article Title

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ASB. Wells Fargo & Company raised their price target on Associated Banc from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Barclays increased their target price on shares of Associated Banc from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Raymond James Financial boosted their price target on shares of Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Zacks Research cut shares of Associated Banc from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Piper Sandler increased their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Associated Banc currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Insider Activity

In other news, EVP Dennis Deloye sold 14,299 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $28.26, for a total value of $404,089.74. Following the sale, the executive vice president directly owned 21,385 shares in the company, valued at approximately $604,340.10. This trade represents a 40.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John A. Utz sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $28.82, for a total transaction of $144,100.00. Following the transaction, the executive vice president owned 118,156 shares of the company’s stock, valued at approximately $3,405,255.92. This trade represents a 4.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 28,299 shares of company stock valued at $801,760. Corporate insiders own 0.71% of the company’s stock.

Institutional Trading of Associated Banc

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sivia Capital Partners LLC purchased a new position in shares of Associated Banc in the second quarter worth about $328,000. Brooklyn Investment Group purchased a new stake in Associated Banc in the fourth quarter valued at approximately $205,000. Cibc World Markets Corp acquired a new position in Associated Banc in the 4th quarter worth approximately $284,000. Coldstream Capital Management Inc. acquired a new position in Associated Banc in the 3rd quarter worth approximately $225,000. Finally, Glenmede Investment Management LP raised its position in Associated Banc by 18.0% during the 3rd quarter. Glenmede Investment Management LP now owns 10,690 shares of the bank’s stock worth $275,000 after buying an additional 1,633 shares during the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

About Associated Banc

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.