ASSOCIATED BANC-CORP 8K

Associated Banc-Corp reported solid second quarter 2026 earnings and strong loan and deposit growth, while absorbing one-time costs from its recent American National Corporation acquisition and affirming robust 2026 growth guidance.

On July 23, 2026, Associated Banc-Corp reported its financial results for the quarter ended June 30, 2026, announcing net income available to common equity of $121 million, or $0.63 per diluted share, and adjusted earnings of $140 million, or $0.73 per share excluding $24 million of nonrecurring acquisition-related expenses tied to the April 1, 2026 closing and ongoing integration of American National Corporation. The company highlighted strong organic growth with total loans up 19% year over year to $36.5 billion, total deposits up 17% to $39.9 billion, and net interest income up 23% to $370 million, driving a net interest margin of 3.17%. Management reaffirmed or updated guidance, now expecting 2026 period-end loan growth of 18–20%, total deposit growth of 17–19%, core customer deposit growth of 19–21%, and net interest income growth of 19–21% versus 2025 standalone results, while projecting 20–21% noninterest expense growth including American National integration costs and maintaining an expected 2026 effective tax rate of 19–21%. Asset quality remained solid but showed some normalization, with nonaccrual loans rising to $150 million (0.41% of total loans) and annualized net charge-offs at 0.26%, while capital ratios remained comfortably above regulatory well-capitalized thresholds, including an estimated CET1 ratio of 10.47% at June 30, 2026. The company also announced it would host a same-day conference call and webcast for investors to discuss the second quarter 2026 results.

Filing Facts

CIK

7789

Ticker

-

Form

8K

Source Type

sec

Accession

0000007789-26-000191

Alert Tier

6