Q3 EPS $0.76, Adjusted $0.81 as NIM Expands and $100M Buyback Completed
ASB sits 25% above its 52-week low of $23.87.
Summary
Associated Banc-Corp posted Q3 EPS of $0.76 and adjusted EPS of $0.81, which strips out nonrecurring acquisition costs. Net interest income rose to $377M, up $7M from Q2, with the net interest margin at 3.20%, 3 bps wider quarter over quarter. Average deposits reached $41.0B, up 1% sequentially and 18% year over year, easing funding risk, and the company bought back $100M of stock in the quarter. CET1 stood at 10.38% at September 30, and management reaffirmed its 2026 growth outlook ranges. This is the first clean read on the American National acquisition integration since the Q2 10-Q filed August 4, and the margin and deposit trends point to improving core profitability rather than one-time gains.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.