ASSOCIATED BANC-CORP (ASB) Form 10-Q — Oct 27, 2026
Associated Banc-Corp reported Q3 2026 net income of $146.6 million, or $0.77 basic EPS, up from $124.7 million ($0.73) a year earlier, with net interest income up 24% to $377.3 million and net interest margin expanding to 3.20% from 3.04%. The improvement was driven largely by the $594.1 million all-stock acquisition of American National, completed April 1, 2026, which added $3.8 billion in loans and $4.5 billion in deposits across 33 branches in Nebraska, Minnesota and Iowa. The company incurred $38.7 million in merger-related costs year-to-date and issued roughly 23 million new shares as consideration.
Key figures
- Eps
- 0.77
- Net Income
- 146586000
- Total Debt
- 4816609000
- Total Assets
- 51399852000
- Cash Position
- 1627469000
- Shares Outstanding
- 185693975
- ROATCE q3
- 14.05%
- Gross loans
- 36519871000
- Nim q3 2026
- 3.20%
- Nim ytd 2026
- 3.14%
- Q3 diluted eps
- 0.76
- Total deposits
- 40380950000
- Ytd net income
- 389785000
- Ytd diluted eps
- 2.09
- Merger costs ytd
- 38734000
- Book value per share
- 29.04
- Q3 dividend per share
- 0.24
- Q3 net interest income
- 377251000
- Acquisition consideration
- $594.1 million (22,975,382 shares at $25.86)
- Goodwill from acquisition
- 42089000
- Tangible book value per share
- 22.23
AI analysis
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