Associated Banc-Corp Q1 Earnings Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 hours ago
0mins
Should l Buy ASB?
Source: seekingalpha
- Strong Earnings Performance: Associated Banc-Corp reported a Q1 GAAP EPS of $0.70, beating expectations by $0.03, which reflects the company's ongoing growth in profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenue of $518 million in Q1, representing a 50.3% year-over-year increase and exceeding market expectations by $133.9 million, indicating robust business expansion and strong market demand.
- Acquisition Progress: Associated Banc-Corp received regulatory approvals to acquire American National, which is expected to further enhance its market share and business integration capabilities, laying a solid foundation for future growth.
- Optimistic Strategic Outlook: With both earnings and revenue showing substantial growth, the company demonstrates strong financial health and is poised to continue driving performance improvements through acquisitions and market expansion.
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Analyst Views on ASB
Wall Street analysts forecast ASB stock price to rise
7 Analyst Rating
0 Buy
7 Hold
0 Sell
Hold
Current: 27.850
Low
29.00
Averages
30.33
High
33.00
Current: 27.850
Low
29.00
Averages
30.33
High
33.00
About ASB
Associated Banc-Corp is a bank holding company. The Company, through Associated Bank and nonbanking subsidiaries, provides a range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. It operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. The Corporate and Commercial Specialty segment serves a range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as the support to deliver, fund, and manage such banking solutions. The Community, Consumer and Business segment serves individuals and businesses by providing lending and deposit solutions and a variety of investment, fiduciary, and retirement planning products and services. The Risk Management and Shared Services segment include key shared operational functions and includes residual revenue and expenses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Associated Banc-Corp Q1 2026 Earnings Call Insights
- Significant Deposit Growth: In Q1 2026, Associated Banc-Corp reported a total deposit increase of $179 million, with core customer deposits rising over $800 million compared to the previous quarter, indicating strong momentum in attracting customer deposits and enhancing market competitiveness.
- Robust Loan Growth: The company reported over $540 million growth in C&I loans, contributing to total loan growth exceeding $600 million, which not only reflects a recovery in market demand but also lays a solid foundation for future revenue growth.
- Stable Profitability: Despite a $3 million decrease in net interest income compared to the prior quarter and a 3 basis point drop in net interest margin to 3.03%, the company maintained a CET1 capital ratio of 10.47%, demonstrating financial stability amidst growth.
- Smooth Acquisition Integration: Following the acquisition of American National Bank, the company expects loan and deposit growth in 2026 to reach 17% to 19%, with integration targeted for completion in Q3, indicating a proactive strategy in expanding business and market share.
See More
Associated Bank (ASB) Q1 2026 Earnings Transcript
See More
Associated Banc-Corp Q1 Earnings Exceed Expectations
- Strong Earnings Performance: Associated Banc-Corp reported a Q1 GAAP EPS of $0.70, beating expectations by $0.03, which reflects the company's ongoing growth in profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenue of $518 million in Q1, representing a 50.3% year-over-year increase and exceeding market expectations by $133.9 million, indicating robust business expansion and strong market demand.
- Acquisition Progress: Associated Banc-Corp received regulatory approvals to acquire American National, which is expected to further enhance its market share and business integration capabilities, laying a solid foundation for future growth.
- Optimistic Strategic Outlook: With both earnings and revenue showing substantial growth, the company demonstrates strong financial health and is poised to continue driving performance improvements through acquisitions and market expansion.
See More
Associated Banc-Corp Reports Strong Q1 2026 Earnings with Strategic Growth Initiatives
- Earnings Performance: In Q1 2026, Associated Banc-Corp reported net income of $117 million, or $0.70 per share, reflecting an 18% year-over-year increase despite a decline from $134 million in Q4 2025, indicating resilience in profitability.
- Loan and Deposit Growth: The average total loans reached $31.3 billion, up 1% quarter-over-quarter and 4% year-over-year, while total deposits stood at $35.7 billion, down 1% sequentially but up 2% year-over-year, showcasing stability in the lending and deposit markets.
- Acquisition Impact: Following the acquisition of American National Corporation, the company anticipates loan and deposit growth of 17% to 19% in 2026, significantly enhancing market share and competitiveness, particularly in major metropolitan areas.
- Tax and Capital Position: The tax expense for Q1 was $33 million with an effective tax rate of 21.75%, up from 15.82% in the prior quarter, indicating challenges in tax management; however, the CET1 capital ratio remains strong at 10.47%, well above regulatory requirements, ensuring capital adequacy.
See More
Associated Banc-Corp Reports Strong Q1 2026 Earnings with $117 Million Net Income
- Net Income Growth: In Q1 2026, Associated Banc-Corp reported net income of $117 million, or $0.70 per share, reflecting an 18% year-over-year increase despite a decline from $134 million in Q4 2025, indicating sustained profitability.
- Loan and Deposit Performance: As of Q1 2026, total loans reached $31.8 billion, up 2% quarter-over-quarter and 5% year-over-year, driven by a notable 13% increase in commercial loans, showcasing robust demand in the lending sector.
- Acquisition Impact: Following the completion of the acquisition of American National Corporation, the company anticipates loan growth of 17% to 19% and core customer deposit growth of 19% to 21% for 2026, which will enhance its competitive positioning in the market.
- Strong Capital Ratios: As of March 31, 2026, the CET1 capital ratio stood at 10.47%, consistently exceeding Basel III regulatory benchmarks, underscoring the company's resilience and stability in the current economic landscape.
See More
Associated Banc-Corp Q1 Earnings Announcement Scheduled
- Earnings Release Date: Associated Banc-Corp is set to announce its Q1 earnings on April 23rd after market close, with a consensus EPS estimate of $0.69, reflecting a 16.9% year-over-year increase, indicating ongoing improvements in profitability that could positively impact stock prices.
- Revenue Expectations: The anticipated revenue for Q1 is $384.1 million, representing an 11.4% year-over-year growth, which underscores the company's robust performance in a competitive market; exceeding this revenue estimate could further bolster investor confidence.
- Performance Forecast Adjustments: Over the past year, ASB has beaten EPS estimates 50% of the time and revenue estimates 25% of the time, indicating uncertainty in earnings predictions, prompting investors to closely monitor the upcoming earnings report for insights into future performance.
- Revision Trends: In the last three months, EPS estimates have seen 7 upward revisions and 1 downward revision, while revenue estimates have experienced 4 upward and 2 downward revisions, suggesting a shift in analysts' confidence regarding the company's future performance, warranting close attention from investors.
See More
Associated Banc-Corp Q1 2026 Earnings Call Insights
- Significant Deposit Growth: In Q1 2026, Associated Banc-Corp reported a total deposit increase of $179 million, with core customer deposits rising over $800 million compared to the previous quarter, indicating strong momentum in attracting customer deposits and enhancing market competitiveness.
- Robust Loan Growth: The company reported over $540 million growth in C&I loans, contributing to total loan growth exceeding $600 million, which not only reflects a recovery in market demand but also lays a solid foundation for future revenue growth.
- Stable Profitability: Despite a $3 million decrease in net interest income compared to the prior quarter and a 3 basis point drop in net interest margin to 3.03%, the company maintained a CET1 capital ratio of 10.47%, demonstrating financial stability amidst growth.
- Smooth Acquisition Integration: Following the acquisition of American National Bank, the company expects loan and deposit growth in 2026 to reach 17% to 19%, with integration targeted for completion in Q3, indicating a proactive strategy in expanding business and market share.
See More
Associated Bank (ASB) Q1 2026 Earnings Transcript
See More
Associated Banc-Corp Q1 Earnings Exceed Expectations
- Strong Earnings Performance: Associated Banc-Corp reported a Q1 GAAP EPS of $0.70, beating expectations by $0.03, which reflects the company's ongoing growth in profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenue of $518 million in Q1, representing a 50.3% year-over-year increase and exceeding market expectations by $133.9 million, indicating robust business expansion and strong market demand.
- Acquisition Progress: Associated Banc-Corp received regulatory approvals to acquire American National, which is expected to further enhance its market share and business integration capabilities, laying a solid foundation for future growth.
- Optimistic Strategic Outlook: With both earnings and revenue showing substantial growth, the company demonstrates strong financial health and is poised to continue driving performance improvements through acquisitions and market expansion.
See More
Associated Banc-Corp Reports Strong Q1 2026 Earnings with Strategic Growth Initiatives
- Earnings Performance: In Q1 2026, Associated Banc-Corp reported net income of $117 million, or $0.70 per share, reflecting an 18% year-over-year increase despite a decline from $134 million in Q4 2025, indicating resilience in profitability.
- Loan and Deposit Growth: The average total loans reached $31.3 billion, up 1% quarter-over-quarter and 4% year-over-year, while total deposits stood at $35.7 billion, down 1% sequentially but up 2% year-over-year, showcasing stability in the lending and deposit markets.
- Acquisition Impact: Following the acquisition of American National Corporation, the company anticipates loan and deposit growth of 17% to 19% in 2026, significantly enhancing market share and competitiveness, particularly in major metropolitan areas.
- Tax and Capital Position: The tax expense for Q1 was $33 million with an effective tax rate of 21.75%, up from 15.82% in the prior quarter, indicating challenges in tax management; however, the CET1 capital ratio remains strong at 10.47%, well above regulatory requirements, ensuring capital adequacy.
See More
Associated Banc-Corp Reports Strong Q1 2026 Earnings with $117 Million Net Income
- Net Income Growth: In Q1 2026, Associated Banc-Corp reported net income of $117 million, or $0.70 per share, reflecting an 18% year-over-year increase despite a decline from $134 million in Q4 2025, indicating sustained profitability.
- Loan and Deposit Performance: As of Q1 2026, total loans reached $31.8 billion, up 2% quarter-over-quarter and 5% year-over-year, driven by a notable 13% increase in commercial loans, showcasing robust demand in the lending sector.
- Acquisition Impact: Following the completion of the acquisition of American National Corporation, the company anticipates loan growth of 17% to 19% and core customer deposit growth of 19% to 21% for 2026, which will enhance its competitive positioning in the market.
- Strong Capital Ratios: As of March 31, 2026, the CET1 capital ratio stood at 10.47%, consistently exceeding Basel III regulatory benchmarks, underscoring the company's resilience and stability in the current economic landscape.
See More
Associated Banc-Corp Q1 Earnings Announcement Scheduled
- Earnings Release Date: Associated Banc-Corp is set to announce its Q1 earnings on April 23rd after market close, with a consensus EPS estimate of $0.69, reflecting a 16.9% year-over-year increase, indicating ongoing improvements in profitability that could positively impact stock prices.
- Revenue Expectations: The anticipated revenue for Q1 is $384.1 million, representing an 11.4% year-over-year growth, which underscores the company's robust performance in a competitive market; exceeding this revenue estimate could further bolster investor confidence.
- Performance Forecast Adjustments: Over the past year, ASB has beaten EPS estimates 50% of the time and revenue estimates 25% of the time, indicating uncertainty in earnings predictions, prompting investors to closely monitor the upcoming earnings report for insights into future performance.
- Revision Trends: In the last three months, EPS estimates have seen 7 upward revisions and 1 downward revision, while revenue estimates have experienced 4 upward and 2 downward revisions, suggesting a shift in analysts' confidence regarding the company's future performance, warranting close attention from investors.
See More
