Associated Banc-Corp Q3 EPS $0.76 ($0.81 adj.), NII Up 24% YoY, Noninterest Income Guidance Raised
ASB sits 25% above its 52-week low of $23.87.
Summary
Associated Banc-Corp earned $0.76 per share ($0.81 adjusted) in Q3 2026 on 24% year-over-year net interest income growth and a 3.20% margin, and raised its full-year noninterest income guidance to 12%-14%. Nonaccrual loans rose 22% sequentially to $183 million, a credit trend worth tracking against a still-strong 10.38% CET1 ratio.
Key Events · Earnings and Guidance · ASB
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Q3 EPS $0.76, Adjusted $0.81
Net income available to common equity of $144 million, or $0.76 per share, versus $0.63 in 2Q26 and $0.73 in 3Q25; adjusted EPS of $0.81 excludes $13 million of nonrecurring American National acquisition costs.
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Net Interest Income Up 24% YoY
Net interest income of $377 million rose $7 million sequentially and $72 million year over year, with the net interest margin up 3 bps to 3.20%.
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Guidance: Fees Raised, Expenses Trimmed
FY2026 noninterest income growth guidance raised to 12%-14% from 8%-10%, noninterest expense growth lowered to 19%-20% from 20%-21%, and the effective tax rate raised to 20%-22% from 19%-21%; loan, deposit and NII outlooks unchanged.
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Nonaccrual Loans Jump 22%
Nonaccrual loans rose to $183 million, or 0.50% of total loans, from $150 million (0.41%) at June 30, led by commercial and industrial nonaccruals of $65 million; net charge-offs fell to $18 million from $23 million.
Analysis · ASB · Finance
The American National deal is delivering: net interest income of $377 million is up 24% year over year, the margin widened 3 bps sequentially to 3.20%, and core customer deposits grew 2% in the quarter. Management raised full-year noninterest income growth guidance to 12%-14% from 8%-10% and trimmed the expense growth range to 19%-20%, a combination that lifts the earnings base rather than just the top line. The offset is credit: nonaccrual loans jumped 22% sequentially to $183 million, or 0.50% of total loans, driven by commercial and industrial borrowers, even as net charge-offs fell to $18 million. Capital remains solid with a 10.38% CET1 ratio after $100 million of buybacks at a $30.88 average price.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ASB was trading at $29.81 on NYSE in the Finance sector, with a market capitalization of approximately $5.6B. The 52-week trading range was $23.87 to $32.46. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.