Monitor credit quality trends (nonaccrual loans up 73% YoY) and the pace of core deposit growth relative to guidance. The $100M buyback signals management confidence but does not offset the credit deterioration trend.
Price Chart
Executive Summary
Associated Banc-Corp reported Q3 2026 GAAP EPS of $0.76, exactly in line with consensus of $0.76, on net income available to common equity of $144M. Net interest income grew 24% YoY to $377M, NIM expanded 16bp to 3.20%, and the company repurchased $100M of stock. Credit quality weakened modestly with nonaccrual loans rising to 0.50% of total loans from 0.34% a year ago.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.76 vs consensus $0.76 (0.1% beat)
- Net interest income $377M, +24% YoY, +2% QoQ
- Net interest margin 3.20%, +16bp YoY, +3bp QoQ
- Total deposits $40.4B, +16% YoY; core customer deposits $34.8B, +21% YoY
- Repurchased $100M (3.2M shares) at weighted avg $30.88
- Nonaccrual loans / total loans 0.50%, up from 0.34% in 3Q25
- CET1 ratio 10.38%, well above well-capitalized minimum
- Guidance maintained: 2026 loan growth 18-20%, deposit growth 17-19%, NII growth 19-21%
Financial Impact
In-line quarter with no material surprise; $100M buyback provides modest EPS support
Risk Factors
- Nonaccrual loans rising to 0.50% of total loans from 0.34% a year ago
- Noninterest expense up 20% YoY, partly from acquisition-related costs
- Net charge-offs annualized at 0.19% vs 0.17% in 3Q25
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302917404 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $30.21 | awaiting T+20 | — | $30.25 (+0.12%) |
Oct 22, 2026 4d ago | 8-K | $30.21 | awaiting T+20 | — | $30.25 (+0.12%) |
Oct 22, 2026 4d ago | Press Release | $30.21 | awaiting T+20 | — | $30.25 (+0.12%) |
Oct 1, 2026 25d ago | Press Release | $29.00 | awaiting T+20 | — | $30.25 (+4.29%) |
Sep 14, 2026 6w ago | 8-K | $30.32 $28.56 | ▼ −5.80% | ▼ −8.53% | $30.25 (−0.25%) |
Sep 2, 2026 7w ago | Press Release | $30.91 $29.00 | ▼ −6.18% | ▼ −4.99% | $30.25 (−2.15%) |
Aug 13, 2026 10w ago | Insider Cluster | $32.16 $30.04 | ▼ −6.59% | ▼ −4.84% | $30.25 (−5.95%) |
Aug 13, 2026 10w ago | Insider Cluster | $32.16 $30.04 | ▼ −6.59% | ▼ −4.84% | $30.25 (−5.95%) |
Aug 13, 2026 10w ago | Insider Cluster | $32.16 $30.04 | ▼ −6.59% | ▼ −4.84% | $30.25 (−5.95%) |
Aug 5, 2026 11w ago | Insider Cluster | $31.53 $30.58 | ▼ −3.01% | ▼ −2.41% | $30.25 (−4.08%) |
US Market Status
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