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Financial Performance - Associated Banc-Corp (ASB) reported net income available to common equity of $122 million, or $0.73 per common share[7] - Net interest income was $305 million[7], with a net interest margin of 3.04%[7], a 16.3% increase compared to 3Q 2024[7] - Noninterest income reached $81 million[7], while noninterest expense amounted to $216 million[7] Balance Sheet Growth - Total loans reached $31.0 billion, a 1.1% increase compared to 2Q 2025 and a 3.2% increase compared to 3Q 2024[7] - Total C&I (Commercial & Industrial) loans amounted to $11.6 billion, a 2.5% increase compared to 2Q 2025 and a 12.8% increase compared to 3Q 2024[7] - Total deposits reached $34.9 billion, a 2.2% increase compared to 2Q 2025 and a 4.0% increase compared to 3Q 2024[7] - Core customer deposits totaled $28.9 billion, a 2.2% increase compared to 2Q 2025 and a 4.2% increase compared to 3Q 2024[7] Asset Quality - The allowance for credit losses on loans (ACLL) was 1.34% of total loans[7], with net charge-offs (NCOs) at 0.17% of average loans (annualized)[7] - Total common equity to total assets was 10.51%[7], with a tangible common equity (TCE) ratio of 8.18%[7] Strategic Outlook - The company maintains its FY 2025 guidance for total loans (up 5% to 6%), total deposits (up 1% to 3%), and core customer deposits (up 4% to 5%)[68] - The effective tax rate guidance for FY 2025 has been updated to 18% to 19%[68] - Noninterest income guidance for FY 2025 is up 5% to 6%, and noninterest expense is projected to increase by 5% to 6%[68]

Financial Performance - Net income available to common equity for Q3 2025 was $122 million, or $0.73 per common share, up from $108 million, or $0.65 per share in Q2 2025, and $85 million, or $0.56 per share in Q3 2024[1]. - Noninterest income for Q3 2025 was $81 million, an increase of $14 million from both the prior quarter and the same period last year[14]. - Net income for Q3 2025 was reported at $124,732, a 12% increase from $111,230 in Q2 2025[30]. - Earnings per common share for Q3 2025 were $0.73, up 12% from $0.65 in the previous quarter[30]. - Net income increased by 42% to $124,732,000, compared to $88,018,000 in the same quarter last year[28]. - The company reported a net income of $337,648 thousand for the year-to-date, up from $284,760 thousand in the previous year, indicating a growth of 18.5%[47]. Income and Expenses - Total noninterest expense for Q3 2025 was $216 million, up $7 million from Q2 2025 and $16 million from Q3 2024[15]. - Total noninterest expense increased by 8% to $216,202,000, compared to $200,597,000 in the same quarter last year[28]. - Noninterest expense for the latest quarter was $636,173 thousand, compared to $594,115 thousand in the same quarter last year, reflecting an increase of 7.1%[47]. Loans and Deposits - Total period end loans reached $31.0 billion, up 1% from Q2 2025 and 3% from Q3 2024[4]. - Total period end deposits increased to $34.9 billion, a 2% increase from Q2 2025 and a 4% increase from Q3 2024[9]. - Total loans increased to $30,750,460 thousand with an interest income of $456,153 thousand, maintaining an average yield of 5.89%[32]. - Total deposits reached $34,881,853 thousand in September 2025, up from $34,147,565 thousand in September 2024, indicating a growth of 2.1% year-over-year[47]. Capital and Ratios - The CET1 capital ratio stood at 10.33% as of September 30, 2025, exceeding Basel III regulatory benchmarks[20]. - Common equity Tier 1 capital ratio increased to 10.33% in Q3 2025 from 10.20% in Q3 2024, showing a 13 basis point improvement[42]. - Return on average equity rose to 9.55% in Q3 2025, up from 9.00% in Q3 2024, indicating a 55 basis point increase[42]. - The allowance for loan losses slightly increased by $1,826 thousand to $378,341 thousand[26]. Interest Income and Margin - Record net interest income of $305 million, a 2% increase from Q2 2025 and a 16% increase from Q3 2024[4]. - Total interest income increased by 3% to $556,591,000 compared to $540,318,000 in the same quarter last year[28]. - The net interest margin improved to 3.02% in 2025 from 2.77% in 2024, indicating a positive trend in profitability[35]. - The company reported a fully tax-equivalent net interest margin of 3.04% for the quarter[32]. Credit Quality - Provision for credit losses on loans was $16 million, down from $18 million in the prior quarter and $21 million in the same period last year[19]. - Nonaccrual loans decreased to $106 million, with a nonaccrual loans to total loans ratio of 0.34%, down from 0.37% in the prior quarter[21]. - Total nonaccrual loans decreased by 6% to $106,179 thousand compared to $112,999 thousand in the previous quarter[40]. - The provision for credit losses on loans was $16,000 thousand, an 11% decrease from $18,000 thousand in the previous quarter[39]. Growth and Future Expectations - The company expects period end loan growth of 5% to 6% for 2025 compared to the year ended December 31, 2024[6]. - Total earning assets increased to $39,977,990,000 in 2025 from $37,929,019,000 in 2024, representing a growth of 5.4%[35]. - Total assets as of September 30, 2025, were $44,015,203 thousand, up from $43,420,063 thousand in the previous quarter[32].

"As we look to the remainder of 2025 and into 2026, the Associated Bank franchise has strong momentum that continues to build. Our strategic plan puts us in a favorable position to grow and deepen our customer base, take market share, bolster capital, and improve our return profile—all while maintaining the disciplined approach that helped get us here." Accessibility StatementSkip Navigation GREEN BAY, Wis., Oct. 23, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today rep ...

Core Viewpoint - Associated Banc-Corp is set to release its third quarter 2025 financial results on October 23, 2025, after market close, and will host a conference call for investors and analysts at 4:00 p.m. Central Time on the same day [1]. Company Overview - Associated Banc-Corp, listed on NYSE as ASB, has total assets of $44 billion and is the largest bank holding company based in Wisconsin [3]. - The company operates nearly 200 banking locations across more than 100 communities in Wisconsin, Illinois, Minnesota, and Missouri, and has loan production offices in several other states including Indiana, Kansas, Michigan, New York, Ohio, and Texas [3]. Conference Call Details - Interested parties can access the live webcast of the earnings call through the Investor Relations section of the company's website or by dialing into the call [2]. - Financial tables and a slide presentation are expected to be available on the company's website just prior to the call, with an audio archive available approximately fifteen minutes after the call concludes [2].

Core Insights - California International Bank is experiencing a potential record year in profitability, reporting a net income of $600,000 through June 30, marking a significant turnaround after years of losses [1][10] - The bank has been released from two long-standing enforcement actions by the Office of the Comptroller of the Currency, which may facilitate its growth and operational improvements [2][14] - CEO Thanh Pham is optimistic about continued earnings growth, attributing the bank's turnaround to finding a niche in small business lending, with a portfolio growth of nearly 50% since the end of 2022 [3][4] Financial Performance - The bank's net income of $600,000 is notable given its history of only three annual profits in 20 years, with the largest being $1.5 million [1] - California International has reported zero charge-offs in 2023, 2024, and the first half of 2025, indicating strong credit quality [5] Business Strategy - The bank primarily serves small businesses with an average loan size of about $1 million, positioning itself as more accommodating than larger banks [4][5] - CEO Pham emphasizes the bank's ability to approve loans that larger banks often reject, which has contributed to its growth [5] Community and Market Potential - Located in Westminster, California, the bank serves a large Vietnamese-American community, which has a significant number of small businesses [6][12] - Despite the community's conservatism towards financial institutions, there is a growing optimism among local business owners, suggesting potential for further growth [11][12] Future Goals - CEO Pham aims to grow the bank's assets to $1 billion within five years, which would require a compound annual growth rate of 68% [10][17] - Upgrading technology and improving customer experience are priorities to compete with nonbank fintechs, as younger consumers increasingly turn to alternative financial services [15][16]

Core Insights - The article compares Associated Banc-Corp (ASB) and UMB Financial (UMBF) to determine which stock is more attractive to value investors [1] Valuation Metrics - ASB has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision trend compared to UMBF, which has a Zacks Rank of 3 (Hold) [3] - ASB's forward P/E ratio is 10.19, while UMBF's forward P/E ratio is 11.80 [5] - ASB has a PEG ratio of 1.02, compared to UMBF's PEG ratio of 1.39, suggesting ASB is better positioned in terms of expected earnings growth [5] - ASB's P/B ratio is 0.96, indicating a lower market value relative to its book value, while UMBF has a P/B ratio of 1.34 [6] - Based on these valuation metrics, ASB holds a Value grade of B, while UMBF has a Value grade of D, making ASB the superior value option [6]

Core Insights - Associated Banc-Corp has been implementing a new growth strategy since 2020, focusing on sustainable organic growth and enhancing its leadership team [2][3] - The company has made significant investments in its commercial banking sector and has repositioned its balance sheet to shift from non-customer residential real estate to commercial banking [3] Company Developments - Over the past four years, Associated Banc-Corp has added nine new members to its executive leadership team [3] - The company has completed its initial phase of strategic investments, particularly in hiring and product development, with all commercial bankers now hired [4] Strategic Plan - The company is currently halfway through Phase 2 of its strategic plan, which is set to continue until 2025 [4]

Company Overview - Associated Banc-Corp has been implementing a new growth strategy since four years ago, initiated during a remote conference amid COVID-19 [2] - The company has focused on sustainable organic growth, enhancing its executive leadership team by adding nine new members over the past four years [3] Strategic Developments - Significant investments have been made in the commercial banking sector, alongside improvements in product offerings and digital capabilities within the consumer banking division [3] - The company has repositioned its balance sheet twice, shifting its loan production focus from non-customer residential real estate to commercial banking [3] Future Plans - As of 2025, the company is halfway through Phase 2 of its strategic plan, having completed initial investments primarily in hiring and product development [4] - All commercial bankers have been successfully hired, indicating a strengthened workforce to support future growth [4]

Summary of Associated Banc-Corp FY Conference Call Company Overview - **Company**: Associated Banc-Corp (NYSE: ASB) - **Date of Conference**: September 09, 2025 - **Key Speaker**: Andy Harmening, President and CEO Core Industry Insights - **Growth Strategy**: The company initiated a new growth strategy four years ago during COVID, focusing on sustainable organic growth and enhancing its executive leadership team by adding nine new members [2][3] - **Commercial Banking Focus**: Transitioned from non-customer residential real estate to commercial banking, with significant investments in the commercial bank and improvements in the consumer bank's product and digital offerings [2][3] Financial Performance - **Loan Growth**: Achieved $700 million in loan growth in the first half of the year, with a target of $1.2 billion for the year, indicating a strong trajectory [3] - **Customer Satisfaction**: Reported the highest customer satisfaction levels to date, with household growth improving from negative to positive [3][4] - **Net Margin Improvement**: Increased net margin by 29 basis points year-over-year, surpassing the 3% margin barrier [4] Commercial Loan Growth - **Hiring Impact**: Increased relationship managers (RMs) by 28%, with expectations for double-digit growth in commercial and industrial (C&I) loans [5][6] - **Pipeline Growth**: Commercial loan pipeline increased by 36% year-over-year, while deposit pipeline grew by 100% [6] Market Sentiment and Economic Factors - **Economic Uncertainty**: Acknowledged mixed sentiments among commercial customers due to tariffs and economic uncertainty, but noted a return to a pro-business environment [8] - **Deposit Growth Strategy**: Focused on household growth, which has improved from -2% to +2% over five years, translating to an estimated $500 million in organic growth [9][10] Geographic Expansion - **Market Focus**: Emphasized growth in existing markets like Milwaukee and Chicago, while also targeting expansion into Minneapolis and other contiguous markets [12][14] Credit Quality and Risk Management - **Credit Stability**: Maintained solid credit quality with proactive measures for early identification of potential issues, despite a slight uptick in classified credits [30][32] M&A Activity and Capital Deployment - **M&A Strategy**: Focused on organic growth strategies, with potential for M&A if the right opportunity arises [34][37] Future Outlook - **Interest Rate Impact**: Anticipated three rate cuts, with expectations for commercial real estate growth to align with overall bank portfolio growth [15][39] - **Net Interest Income Guidance**: Projected a 14-15% increase in net interest income year-over-year [39][40] Technological Advancements - **AI Implementation**: Established an AI council to explore business applications of AI, emphasizing the importance of solving business problems rather than just adopting technology [52][54] Conclusion - **Strategic Positioning**: The company is well-positioned for growth with a focus on organic strategies, customer satisfaction, and technological advancements, while navigating economic uncertainties and competitive pressures in the banking sector [57][58]