Financial Performance - Net income for the quarter ended September 30, 2025, was $337.6 million, compared to $284.8 million for the same period in 2024 [184]. - Earnings per common share (basic) increased to $1.98 from $1.83 year-over-year [184]. - Return on average assets improved to 1.04% from 0.93% year-over-year [184]. - The efficiency ratio improved to 56.67% from 59.86% year-over-year, indicating better cost management [184]. - The Corporation's net income for the quarter ended September 30, 2025, was $337,648 thousand, compared to $284,760 thousand for the same period in 2024, reflecting a year-over-year increase of 18.5% [277]. - Adjusted net income available to common equity for the quarter was $333,979 thousand, up from $281,091 thousand in the previous year [277]. Loan and Deposit Growth - Average loans increased by $925.5 million, or 3%, to $30.5 billion, driven by commercial and business lending and auto finance loans [183]. - Average deposits rose by $1.5 billion, or 5%, to $34.6 billion, with increases in all deposit types except money market and brokered CDs [183]. - Total loans amounted to $30,750,460 thousand with a net interest margin of 5.50% for the quarter [188]. - Total deposits reached $34.88 billion as of September 30, 2025, representing an increase of $1.3 billion, or 4%, from $33.55 billion a year ago [243]. - The total loan balance as of September 30, 2025, was $30.95 billion, up from $29.99 billion a year earlier, indicating a growth of approximately 3.2% [237]. Interest Income and Expenses - Net interest income increased by $114.2 million, or 15%, to $891.2 million, with a net interest margin of 3.02%, up from 2.77% [183]. - Noninterest income rose by $9.7 million, or 5%, to $207.0 million, primarily due to increased capital markets revenue [183]. - Noninterest expense increased by $42.1 million, or 7%, to $636.2 million, driven by higher personnel expenses and increased healthcare costs [183]. - Fully tax-equivalent net interest income increased by $115.7 million, or 15%, compared to the first nine months of 2024 [193]. - Noninterest income for the nine months ended September 30, 2025, was $207,019 thousand, reflecting a 5% increase compared to $197,365 thousand in the same period last year [192]. Credit Quality and Loss Provisions - Provision for credit losses decreased to $47.0 million from $68.0 million, reflecting nominal credit movement and macroeconomic trends [183]. - The provision for loan losses for the year-to-date period was $49.5 million, down from $67 million in the same period last year, indicating a decrease of approximately 26% [237]. - Nonperforming assets (NPAs) totaled $136,236,000 as of September 30, 2025, a decrease from $148,169,000 on June 30, 2025 [228]. - The allowance for credit losses on loans increased to $414.6 million as of September 30, 2025, compared to $397.5 million a year earlier, reflecting a year-over-year increase of 4% [237]. - The total net charge-offs for the year-to-date period were $34.7 million, a decrease of 38% from $56.3 million in the same period last year [239]. Asset and Capital Management - Total assets reached $44,015,203 thousand, up from $43,420,063 thousand in the previous quarter [188]. - The Corporation's CET1 capital ratio is 10.33%, up from 10.20% in the previous quarter [272]. - Total capital increased to $4,488,957 thousand as of September 30, 2025, compared to $4,394,367 thousand in the previous quarter [272]. - The total risk-weighted assets amounted to $34,688,358 thousand, an increase from $34,241,408 thousand in the previous quarter [272]. - The Corporation's interest rate risk profile is asset sensitive as of September 30, 2025, with a 100 basis point increase in interest rates expected to increase earnings by 1.1% [262]. Loan Portfolio Composition - Total commercial loans amounted to $19,453,145 thousand in 2025, with an interest income of $955,197 thousand, yielding an average rate of 6.56% [186]. - Total consumer loans reached $11,000,345 thousand in 2025, generating an interest income of $383,113 thousand, with an average yield of 4.65% [186]. - Floating rate loans accounted for $21.2 billion, or 69% of total loans outstanding, with 90% of commercial loans being floating rate [208]. - The loan portfolio is diversified, with no significant concentrations exceeding 10% of total loan exposure as of September 30, 2025 [210]. - Residential mortgage loans made up 22% of total loans, totaling $6,858,285 thousand, showing a decrease from 26% in September 2024 [204]. Regulatory Compliance and Risk Management - The Corporation's maximum acceptable loan-to-value (LTV) ratio for home equity lines of credit is set at 90% [224]. - The assessment of overall capital adequacy considers factors such as asset quality, liquidity, and economic conditions [269]. - Compliance with regulatory minimum capital requirements is a tool for assessing capital adequacy but does not determine performance under extreme stress [270]. - The Corporation employs detailed underwriting procedures and periodic reviews to manage credit risk effectively [209]. - The Corporation's credit risk management includes ongoing review of loan payment performance and borrower creditworthiness [234].

Core Insights - Associated Banc-Corp's (ASB) Q3 2025 earnings per share (EPS) of 73 cents exceeded the Zacks Consensus Estimate of 66 cents and improved from 56 cents in the prior-year quarter [1][9] - The increase in net income available to common shareholders was 43% year over year, reaching $122 million, surpassing the estimate of $106.1 million [2] Revenue and Expenses - Total revenues for the quarter were $391 million, reflecting a 20% year-over-year increase and beating the Zacks Consensus Estimate of $375.91 million [3] - Net interest income (NII) reached a record $305 million, up 16% year over year, driven by higher commercial lending volumes and improved deposit mix management [4] - Non-interest income totaled $81 million, increasing 21%, primarily due to higher capital markets revenues and fees [5] - Non-interest expenses rose 8% to $216 million, mainly due to increased personnel and technology costs, exceeding the estimate of $209.3 million [5] Efficiency and Credit Quality - The efficiency ratio improved to 54.77%, down from 59.51% in the prior-year quarter, indicating enhanced profitability [6] - The provision for credit losses was $16 million, down from $21 million in the prior-year quarter, with total non-performing assets decreasing by 8% [8] Loans and Deposits - Total loans as of September 30, 2025, were $31.0 billion, up 1% sequentially, while total deposits rose 2% to $34.9 billion [7] Capital Ratios and Outlook - The Tier 1 risk-based capital ratio improved to 10.89%, up from 10.30% in the corresponding period of 2024 [10] - Management expects loans to grow at 5-6% and total core customer deposits to rise by 4-5% in 2025 [11] - Non-interest income is projected to increase by 5-6%, up from the previous guidance of 1-2% [12]

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Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] - Subscribers benefit from a 50+ stock model account, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the oil and gas investment opportunities [2]

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分组1 - Associated Banc-Corp reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.66 per share, and up from $0.56 per share a year ago, representing an earnings surprise of +10.61% [1] - The company posted revenues of $386.49 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.81%, compared to year-ago revenues of $329.73 million [2] - The stock has gained approximately 5.5% since the beginning of the year, while the S&P 500 has increased by 13.9% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $381.51 million, and for the current fiscal year, it is $2.59 on revenues of $1.48 billion [7] - The Zacks Industry Rank for Banks - Midwest is in the top 26% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Data and Key Metrics Changes - The company reported earnings of $0.73 per share for Q3 2025, with net interest income reaching a record $305 million, up 16% compared to Q3 2024 [7][8][9] - Total loans grew by 1% quarter-over-quarter and 3% year-over-year, with a 5.5% growth when adjusting for a loan sale completed in January [7][8] - The CET1 capital ratio increased by 30 basis points year-to-date, with an additional 13 basis points added in Q3 [5][21] Business Line Data and Key Metrics Changes - C&I loans grew by nearly $300 million in Q3 and by almost $1 billion year-to-date, leading the loan growth [8][12] - Core customer deposits increased by over $600 million in Q3, up 2% from Q2 and over 4% or $1.2 billion compared to the same period last year [8][13] - Non-interest income for Q3 was $81 million, a 21% increase from the prior quarter, driven by capital markets revenue and wealth fees [9][19] Market Data and Key Metrics Changes - The company experienced strong seasonal deposit inflows, with core customer deposits enabling a reduction in wholesale funding [8][13] - The overall wholesale funding sources decreased by 2% versus Q2 [13] Company Strategy and Development Direction - The company is focused on organic growth, enhancing customer relationships, and improving profitability through a strategic remix of its balance sheet [4][6][10] - Plans to take market share in commercial lending and deposit acquisition by hiring talented relationship managers in underpenetrated metro markets [10][14] - The company aims to continue reducing reliance on wholesale funding by growing low-cost core customer deposits [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth strategy despite macroeconomic uncertainties, indicating strong momentum heading into 2026 [6][7] - The company expects to maintain a stable net interest margin and continue to grow net interest income by 14% to 15% in 2025, assuming further Fed rate cuts [17][66] Other Important Information - The company reported flat delinquencies and non-accruals at 34 basis points of total loans, indicating stable asset quality [9][24] - The allowance for credit losses increased by $3 million to $415 million, reflecting growth in commercial and business lending [22] Q&A Session Summary Question: C&I growth and future expectations - Management expects C&I growth to accelerate as more relationship managers come off non-compete agreements, with production up 12% and pipeline up 31% [32] Question: Fee income expectations - Management noted that Q3 fee income included a one-time asset gain, and while Q4 may see a decline, underlying capital markets and commercial production trends remain positive [34] Question: Return on average tangible common equity - Management indicated that the return on average tangible common equity is expected to continue improving, with a target of 15% in the near future [35] Question: Deposit costs and competition - Management clarified that the increase in deposit costs was due to seasonal factors and higher-end pricing accounts, not necessarily increased competition [41] Question: Future hiring plans - Management remains open to hiring quality relationship managers year-round, with no specific target but will be opportunistic based on market conditions [45][47] Question: Loan growth headwinds - Management acknowledged that while residential real estate is a headwind for balances, the purposeful runoff is beneficial, and they expect to offset it with increased commercial lending [52] Question: Margin outlook with potential rate cuts - Management believes that the margin will remain stable or slightly improve due to remixing strategies, despite potential fluctuations from market behaviors [64][66]

Financial Data and Key Metrics Changes - The company reported earnings of $0.73 per share for Q3 2025, with net interest income reaching a record $305 million, up 16% from Q3 2024 [7][9] - Total loans grew by 1% quarter-over-quarter and 3% year-over-year, with a 5.5% growth when adjusting for a loan sale completed in January [7][8] - The return on average tangible common equity improved to over 14%, a 250 basis point increase from the previous year [10][23] Business Line Data and Key Metrics Changes - Commercial and Industrial (C&I) loans grew by nearly $300 million in Q3, totaling nearly $1 billion year-to-date [8][12] - Core customer deposits increased by over $600 million in Q3, up 2% from Q2 and over 4% or $1.2 billion year-over-year [8][14] - Non-interest income for Q3 was $81 million, a 21% increase from the prior quarter, driven by capital markets revenue and wealth fees [9][20] Market Data and Key Metrics Changes - The company added nearly $1 billion in high-quality C&I loans year-to-date while reducing low-yielding mortgage balances [4][12] - Seasonal deposit inflows returned as expected, contributing to the growth in core customer deposits [13][14] - The company expects total bank loan growth of 5% to 6% for the year [12] Company Strategy and Development Direction - The company is focused on organic growth and deepening customer relationships, with a strategy to hire talented relationship managers in underpenetrated metro markets [10][11] - The management aims to take market share in commercial lending and deposit acquisition while maintaining a conservative credit culture [6][10] - The company plans to continue investing in strategic growth initiatives to enhance profitability and capital generation [3][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth strategy despite macroeconomic uncertainties, indicating strong momentum heading into 2026 [6][7] - The company is monitoring risks related to the macro environment but believes its strategy positions it well for continued growth [6][7] - Management highlighted the importance of credit discipline and proactive portfolio management in maintaining asset quality [5][6] Other Important Information - The company added 13 basis points of CET1 capital in Q3, totaling a 30 basis point increase year-to-date [5][23] - Non-accrual loans decreased to $106 million in Q3, down from previous quarters, indicating stable asset quality [26] Q&A Session Summary Question: What happens when the remaining RMs come off their non-compete? - Management expects C&I growth to accelerate as more relationship managers become available, with production and pipeline both showing positive trends [34] Question: Can you discuss the fee income and expectations for Q4? - Management noted that Q3 included a one-time asset gain, and while Q4 may see a decline, underlying capital markets and commercial production remain strong [36][37] Question: How do you see the margin outlook with potential rate cuts? - Management believes there is an opportunity for margin improvement, with a stable outlook despite potential fluctuations [66][68] Question: What drove the modest increase in deposit costs in Q3? - Management attributed the increase to seasonal factors and higher-end pricing accounts, but remains comfortable with the overall yield [44][45] Question: What is the strategy for hiring additional relationship managers? - Management is open to hiring quality relationship managers year-round and will be opportunistic based on market conditions [48][49] Question: How does the company view the interplay between C&I growth and headwinds in other areas? - Management sees purposeful runoff in residential real estate as a headwind but expects to offset it with increased commercial lending [55] Question: What is the company's approach to expanding its footprint? - The focus remains on organic growth, with management evaluating opportunities for potential M&A as they arise [58] Question: What is the outlook for the lending pipeline? - The increase in the lending pipeline is primarily attributed to new hires and market share gains rather than borrower optimism [64]

Financial Data and Key Metrics Changes - The company reported earnings of $0.73 per share for Q3 2025, with net interest income reaching a record $305 million, up 16% compared to Q3 2024 [6][8] - Total loans grew by 1% quarter-over-quarter and 3% year-over-year, with C&I loans leading the growth, increasing by nearly $1 billion year-to-date [6][11] - The CET1 capital ratio increased by 30 basis points year-to-date, reaching 10.33% in Q3 [5][20] Business Line Data and Key Metrics Changes - C&I lending saw significant growth, with nearly $300 million added in Q3 alone, contributing to a year-to-date increase of nearly $1 billion [7][11] - Core customer deposits increased by over $600 million in Q3, up 2% from Q2 and over 4% or $1.2 billion compared to the same period last year [12][14] - Non-interest income rose to $81 million in Q3, a 21% increase from the prior quarter, driven by capital markets revenue and wealth fees [8][18] Market Data and Key Metrics Changes - The company experienced strong seasonal deposit inflows, with core customer deposits up 2% or $628 million from Q2 [7][12] - The overall wholesale funding sources decreased by 2% versus Q2, indicating a shift towards lower-cost core deposits [12][14] - The company expects total bank loan growth of 5% to 6% for the year, despite challenges in the CRE sector [11][45] Company Strategy and Development Direction - The company is focused on organic growth and deepening customer relationships, with a strategy to hire talented relationship managers in underpenetrated metro markets [9][10] - The strategic investments are aimed at enhancing profitability and capital generation while maintaining a conservative credit culture [5][9] - The company plans to continue refining its focus on commercial deposits and enhancing its consumer value proposition [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow and deepen its customer base despite macroeconomic uncertainties [6][10] - The outlook for 2026 remains positive, with expectations for continued strong C&I growth and improved deposit production [30][31] - Management highlighted the importance of maintaining credit discipline and proactive portfolio management in the current economic environment [5][22] Other Important Information - The company reported flat delinquencies and non-accruals at 34 basis points of total loans, indicating stable asset quality [8][24] - The efficiency ratio improved to below 55%, reflecting positive operating leverage [19][20] - The company is preparing for product upgrades and enhancements in late Q4 2025 and into 2026 to attract and retain customers [12][14] Q&A Session Summary Question: What happens when the remaining RMs come off their non-compete? - Management expects C&I growth to accelerate as more relationship managers become available, with production up 12% and pipelines up 31% [30] Question: Can you discuss the fee income and expectations for Q4? - Management noted that Q3 included a one-time asset gain, and while Q4 may see a decline, underlying capital markets and commercial production trends remain positive [32] Question: How does the company view the margin outlook with potential rate cuts? - Management believes there is an opportunity for continued margin improvement, despite potential fluctuations due to market behavior [33][51] Question: What drove the modest increase in deposit costs in Q3? - The increase was attributed to seasonal factors and higher-end pricing accounts, but management remains comfortable with the overall deposit pricing [37] Question: What is the company's approach to hiring new relationship managers? - The company is open to hiring quality relationship managers year-round and will be opportunistic in seizing opportunities as they arise [40] Question: How does the company view the interplay between C&I growth and headwinds in other areas? - Management acknowledged that while RESI is a headwind in terms of balances, it is a purposeful strategy, and they expect to offset CRE payoffs with increased production in other areas [44]

Financial Data and Key Metrics Changes - In Q3 2025, the company reported earnings of $0.73 per share, with total loans growing by 1% quarter-over-quarter and 3% year-over-year [8][10] - Net interest income reached a record $305 million in Q3, up 16% compared to 2024, while the net interest margin held steady at 3.04% [10][21] - The return on average tangible common equity improved to over 14%, a 250 basis point increase from Q3 of the previous year [12] Business Line Data and Key Metrics Changes - Commercial and industrial (C and I) loans grew by nearly $300 million in Q3 and by almost $1 billion year-to-date, leading the growth in total loans [9][15] - Core customer deposits increased by over $600 million in Q3, with a year-over-year growth of 4% or $1.2 billion [10][16] - Non-interest income for Q3 was $81 million, a 21% increase from the prior quarter, driven by capital markets revenue and wealth fees [10][24] Market Data and Key Metrics Changes - The company added $600 million in core deposits in Q3, contributing to a decrease in reliance on wholesale funding, which fell by 2% compared to Q2 [16] - The overall wholesale funding sources decreased, indicating a shift towards more stable funding sources [16] Company Strategy and Development Direction - The company is focused on organic growth, particularly in commercial lending and deposit acquisition, by hiring talented relationship managers in underpenetrated metro markets [12][13] - The strategy includes remixing the balance sheet to replace low-yielding residential mortgages with higher-yielding commercial loans, enhancing profitability [13][14] - The company aims to maintain a conservative credit culture while proactively managing existing portfolios and emerging risks [7][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow and deepen its customer base despite macroeconomic uncertainties [8][12] - The outlook for 2026 remains positive, with expectations for continued growth in C and I loans and core deposits as non-compete agreements expire [12][19] - Management is closely monitoring credit quality and macroeconomic factors, maintaining a high degree of confidence in the loan portfolio [29][31] Other Important Information - The company expects total bank loan growth of 5% to 6% for the year, with a focus on maintaining credit discipline [15][19] - Capital ratios increased, with the CET1 ratio rising to 10.33%, indicating a strong capital position [27] Q&A Session Summary Question: What happens when the remaining RMs come off their non-compete? - Management expects growth rates to accelerate as production is up 12% and the pipeline is up 31% [35][36] Question: Can you discuss the fee income and expectations for Q4? - Fee income can be lumpy, and a one-time asset gain in Q3 is not likely to repeat at the same level, but underlying capital markets and commercial production are expected to remain strong [39][40] Question: How do you see the return on average tangible common equity improving further? - Management believes there are opportunities to continue improving the return on equity, especially with the hiring of new talent and the response to rate cuts [41][42] Question: What drove the modest increase in deposit costs in Q3? - The increase was attributed to seasonality and higher pricing accounts coming back into play, but overall, management is comfortable with the net results [49][50] Question: What is the outlook for loan growth in residential and commercial real estate? - Residential loans are expected to continue running off, while commercial real estate payoffs may remain elevated, but new construction lending is increasing [59][62] Question: Is the company considering M&A for growth? - The focus remains on organic growth, but the company is open to opportunistic acquisitions if they align with its strategy [66] Question: How is the lending pipeline performing? - The increase in the lending pipeline is primarily due to new hires and market share gains rather than borrower optimism [72][74]