Associated Banc-Corp (ASB) Q3 FY2026 earnings

Reported results

• Net interest income of $377.3 million increased 2% sequentially and 24% year-over-year; net interest margin of 3.20% increased 3 basis points sequentially and 16 basis points year-over-year.
• Period end total loans of $36.5 billion increased 0.1% sequentially and 18% year-over-year; period end core customer deposits of $34.8 billion increased 2% sequentially and 21% year-over-year (non-GAAP).
• Noninterest income of $87.1 million increased 8% sequentially and 7% year-over-year; noninterest expense of $260.3 million decreased 4% sequentially and increased 20% year-over-year, including $13 million in nonrecurring acquisition-related costs.
• Provision for credit losses of $14.0 million; allowance for credit losses on loans of $441.1 million (1.34% of total loans); net charge-offs of $17.6 million annualized at 0.19% of average loans.
• Common equity Tier 1 capital ratio of 10.38%; repurchased $100 million (3.2 million shares) of common stock at a weighted average price of $30.88 during the quarter.
• Effective tax rate of 22.86%; earnings per diluted share of $0.76 (GAAP) compared to $0.63 in Q2 2026 and $0.73 in Q3 2025.

Guidance

• 2026 period end loan growth expected at 18% to 20% compared to standalone year-end 2025.
• 2026 period end total deposit growth expected at 17% to 19% and core customer deposit growth expected at 19% to 21% compared to standalone year-end 2025 (non-GAAP).
• 2026 net interest income growth expected at 19% to 21% compared to standalone year-end 2025.
• 2026 total noninterest income growth expected at 12% to 14% compared to standalone year-end 2025.
• 2026 noninterest expense growth expected at 19% to 20% compared to standalone year-end 2025, including nonrecurring acquisition costs.
• 2026 annual effective tax rate expected to be between 20% and 22%.

Notes

Q3 2026 results include $13 million in nonrecurring expenses associated with the American National Corporation acquisition, which closed April 1, 2026. The adjusted earnings per share of $0.81 (non-GAAP) excludes these acquisition costs. Prior period presentations have been adjusted to conform with current period presentation.

Price and volatility reaction

The stock moved +1.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +0.8 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.