ASSOCIATED BANC-CORP (ASB) Earnings History

ASSOCIATED BANC-CORP - Q4 2025 Earnings

Filed at: Jan 22, 2026, 4:16 PM EST|Read from source

EXECUTIVE SUMMARY

Associated Banc-Corp reported a pivotal year in 2025, achieving record annual net income and demonstrating success in key growth markets and loan/deposit generation. The company enters 2026 with an improved growth profile, enhanced profitability, and strong capital generation, bolstered by the upcoming acquisition of American National Bank.

POSITIVE HIGHLIGHTS

  • •

    Record annual net income available to common equity of $463 million in 2025, a significant increase from $112 million in 2024.

    positive
  • •

    Diluted GAAP earnings per common share of $2.77 for the full year 2025, up from $0.72 in 2024.

    positive
  • •

    Record net interest income of $1.2 billion in 2025, a 15% increase compared to 2024.

    positive
  • •

    Total period end loans increased 5% year-over-year to $31.2 billion, with commercial and business lending showing strong growth.

    positive

CONCERNS & RISKS

  • •

    Noninterest income for Q4 2025 decreased $2 million from the prior quarter, primarily due to nonrecurring items from balance sheet repositioning in Q4 2024.

    attention
  • •

    Consumer lending decreased $537 million year-over-year in average balances for Q4 2025.

    attention
  • •

    Brokered CDs decreased $481 million year-over-year in period end balances for Q4 2025.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$79.38M
N/A
Prior year: $-206.77M
Annual (YTD)
$1.20B
N/A
Prior year: $1.05B
Net Income
Quarterly
$134.25M
N/A
Prior year: $-164.49M
Annual (YTD)
$463.28M
N/A
Prior year: $111.64M
EPS (Diluted)
Quarterly
$0.80
N/A
Prior year: $-1.03
Annual (YTD)
$2.77
N/A
Prior year: $0.72
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$0.81
N/A
Prior year: $-1.04
Annual (YTD)
$2.79
N/A
Prior year: $0.73

MARGIN ANALYSIS

Net Margin
Current Quarter
169.1%
YoY Change
N/A

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT GUIDANCE

FY2026

Total period end loan growth
5—6
Mid-point: 5.5
"Excluding any impact from the acquisition of American National Corporation."
Total period end deposit growth
5—6
Mid-point: 5.5
"Excluding any impact from the acquisition of American National Corporation."
Period end core customer deposit growth
5—6
Mid-point: 5.5
"Excluding any impact from the acquisition of American National Corporation."
Total net interest income growth
5.5—6.5
Mid-point: 6
"Excluding any impact from the acquisition of American National Corporation."
Total noninterest income growth
4—5
Mid-point: 4.5
"Excluding any impact from the acquisition of American National Corporation."
Total noninterest expense growth
3—3
Mid-point: 3
"Excluding any impact from the acquisition of American National Corporation."
Annual effective tax rate
19.0%—21.0%
Mid-point: 20.0%
"Assuming no change in the corporate tax rate and excluding any impact from the acquisition of American National Corporation."

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

SPECIAL ITEMS & ADJUSTMENTS

4Q24
Loss on mortgage portfolio sale
Associated with balance sheet repositioning announced in Q4 2024.
$130.406M
4Q24
Net loss on sale of investments
Associated with balance sheet repositioning announced in Q4 2024.
$148.183M
4Q24
Loss on prepayments of FHLB advances
Associated with balance sheet repositioning announced in Q4 2024.
$14.243M
Total Impact
$292.832M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

2025 was a pivotal year for Associated Bank, achieving key milestones of our strategic plan, winning in key growth markets, and driving high-quality, relationship loan and deposit growth.

— ASSOCIATED BANC-CORP, Q4 2025 2025 Earnings Call

We enter 2026 with a stronger growth profile, enhanced profitability, stronger capital generation and consistently solid credit results.

— ASSOCIATED BANC-CORP, Q4 2025 2025 Earnings Call

We have the talent, the product set and the value proposition to build on our momentum organically going forward.

— ASSOCIATED BANC-CORP, Q4 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

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