Associated Banc-Corp Q3 2025 Earnings Recap

Associated Banc-Corp delivered strong third-quarter results, achieving record net interest income and significant growth in commercial and industrial (C&I) loans, while maintaining a conservative credit profile.

Key Takeaways

• Q3 earnings per share reached $0.73, reflecting a solid growth trajectory amid stable asset quality.
• Record net interest income of $305 million, up 16% year-over-year, driven by a favorable shift in the loan mix towards high-quality C&I lending.
• Core deposits increased by 2% quarter-over-quarter and 4% year-over-year, bolstering the bank's liquidity position and reducing reliance on wholesale funding.
• Continued strong asset quality indicators, with flat delinquencies and net charge-offs remaining low at 17 basis points.
• Return on average tangible common equity improved to over 14%, enhancing shareholder value and indicating effective capital management.