Relationship Manager - Commercial Banking

Associated Banc (NYSE:ASB) announces earnings results. Associated Banc (NYSE:ASB - Get Free Report) issued its quarterly earnings data on Thursday. The bank reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.05, FiscalAI reports. The firm had revenue of $468.51 million during the quarter, compared to analyst estimates of $463.69 million. Associated Banc had a return on equity of 10.90% and a net margin of 19.87%. During the same quarter last year, the business posted $0.73 earnings per share. Here are the key takeaways from Associated Banc's conference call: * Net interest income rose 2% sequentially to $377 million, while net interest margin expanded three basis points to 3.20%, supported by stronger core deposits and balance-sheet remixing. * Core customer deposits increased nearly $700 million, or 2%, helping reduce wholesale funding; management maintained its 2026 guidance for 17%-19% total deposit growth and 19%-21% core customer deposit growth. * Management reiterated its 2026 loan-growth outlook of 18%-20% for the combined company and cited commercial pipelines up roughly 36%-40% year over year, despite elevated third-quarter payoffs. * The company repurchased $100 million of shares in the quarter and expects to complete the remaining authorization in the fourth quarter, while maintaining a CET1 target range of 10%-10.75%. * Credit metrics remained generally stable, with net charge-offs declining to 19 basis points and criticized loans falling 7%, although non-accrual balances rose by $33 million and third-quarter expenses included $13 million of acquisition-related costs. Associated Banc trading up 1.4%. Shares of Associated Banc stock opened at $30.24 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50 day simple moving average of $29.79 and a two-hundred day simple moving average of $29.44. The firm has a market cap of $5.71 billion, a PE ratio of 10.46, a PEG ratio of 1.02 and a beta of 0.80. Associated Banc has a 1 year low of $23.87 and a 1 year high of $32.46. Associated Banc announces dividend. The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Associated Banc's dividend payout ratio is presently 33.22%. Key Associated Banc news. Here are the key news stories impacting Associated Banc this week: * Strong Q3 operating results: Associated Banc reported third-quarter net income of $146.6 million, an 18% year-over-year increase. GAAP EPS was $0.76, while EPS excluding nonrecurring items was $0.81, exceeding the $0.76 analyst consensus cited by the company. Revenue of approximately $464 million also topped expectations. * Growth in deposits, loans and net interest income: Total deposits rose 16% year over year to $40.4 billion, while period-end loans increased 18% to $36.5 billion. Net interest income climbed 24% to $377.3 million, and the net interest margin expanded 16 basis points to 3.20%, supporting profitability. * Capital return and core customer momentum: The bank repurchased $100 million of common stock during the quarter, while core customer deposits increased by $700 million. Buybacks can support EPS and signal management confidence in the company's valuation. * Higher RBC price target: Royal Bank of Canada raised its target for ASB from $33 to $34 while maintaining a "sector perform" rating. The increase suggests improved valuation support, although the unchanged rating indicates limited expectations for outperformance relative to peers. * Credit quality and expenses remain important watch items: Associated Banc separately disclosed third-quarter net charge-offs, while noninterest expense included $13 million of acquisition-related nonrecurring costs. Investors will assess whether credit costs and integration expenses remain controlled in coming quarters. Wall street analyst weigh in. Several research analysts have recently commented on ASB shares. Wells Fargo & Company lowered their price target on Associated Banc from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, September 29th. Barclays boosted their price objective on shares of Associated Banc from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, October 5th. Truist Financial raised their target price on shares of Associated Banc from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of Associated Banc in a report on Monday, September 21st. Finally, Royal Bank Of Canada boosted their target price on Associated Banc from $33.00 to $34.00 and gave the stock a "sector perform" rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.50. Insiders place their bets. In related news, EVP Gregory Warsek sold 16,300 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $32.01, for a total transaction of $521,763.00. Following the sale, the executive vice president directly owned 13,809 shares of the company's stock, valued at approximately $442,026.09. This represents a 54.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Nicole M. Kitowski sold 7,663 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.91, for a total transaction of $236,863.33. Following the sale, the executive vice president owned 45,327 shares in the company, valued at $1,401,057.57. This trade represents a 14.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 78,833 shares of company stock valued at $2,502,103. Insiders own 0.71% of the company's stock. About Associated Banc. Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Associated Bank, it provides banking and financial services to individuals, families, businesses and institutions. Associated Bank offers commercial and corporate banking, retail banking, mortgage lending, consumer lending, treasury management, investment and wealth management, and institutional services. Its business banking activities include lending, deposit accounts, cash-management solutions and other services designed for small and middle-market companies. The company primarily serves customers across Wisconsin, Illinois and Minnesota through its branch network and digital banking channels. 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CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.

Associated expands Twin Cities private wealth team. By Keith Schubert - Reporter, Minneapolis / St. Paul Business Journal Sep 29, 2026 Preview this article 1 min All four new hires will be based at Associated's IDS Center office in downtown Minneapolis. The bank expects to add more private wealth staff as revenue grows. Don't Stop Here - Continue Reading For $1 Per Week Secure 4 weeks of award-winning news and trusted insights Subscribe for only $4