Associated Banc-Corp reported net income available to common equity of $121 million, or $0.63 per diluted common share, for the quarter ended June 30, 2026; adjusted earnings excluding acquisition-related nonrecurring items were $140 million, or $0.73 per common share. Quarterly net interest income was $370 million with a net interest margin of 3.17%, and total noninterest income was $80 million. Period-end loans rose to $36.5 billion and period-end deposits to $39.9 billion, reflecting growth following the April 1, 2026 acquisition of American National.

Financial Highlights

  • Net income available to common equity: $120.7 million for 2Q26; net income: $123.6 million.
  • Reported diluted earnings per common share: $0.63 for 2Q26; adjusted diluted EPS excluding acquisition-related items: $0.73.
  • Net interest income: $370.0 million for 2Q26; net interest margin: 3.17% (fully tax-equivalent).
  • Total noninterest income: $80.4 million for 2Q26.
  • Total noninterest expense: $271.9 million for 2Q26, which included $24 million of nonrecurring acquisition costs; provision for credit losses on loans: $19.4 million.

Business Highlights

  • Acquisition and integration: Closed acquisition of American National on April 1, 2026; incurred nonrecurring integration costs and recognized acquired loan and intangible balances (goodwill and other intangibles increased).
  • Loan growth: Period-end total loans increased to $36.5 billion (up 15% sequentially and 19% year-over-year), with notable growth across commercial & industrial, commercial real estate and consumer lending.
  • Deposit growth and composition: Period-end total deposits rose to $39.9 billion (up 12% sequentially and 17% year-over-year); core customer deposits expanded to $34.2 billion.
  • Credit trends: Nonaccrual loans increased to $150.0 million; net charge-offs were $23.2 million for the quarter; allowance for credit losses on loans (ACLL) was $494.5 million (ACLL / total loans 1.36%).
  • Capital and liquidity: Total assets of $52 billion and CET1 capital ratio of 10.47% at June 30, 2026, remaining above well-capitalized benchmarks.

Original SEC Filing:

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