Associated Banc-Corp Delivers Record Annual Net Income Available to Common Equity of $463 Million in 2025

Core Viewpoint - Associated Banc-Corp reported significant growth in net income and earnings per share for the year ended December 31, 2025, marking a strong recovery from the previous year [1][2]. Financial Performance - Net income available to common equity for 2025 was $463 million, or $2.77 per common share, compared to $112 million, or $0.72 per common share in 2024 [1]. - For the fourth quarter of 2025, earnings were $134 million, or $0.80 per common share, a recovery from a loss of $164 million in the same quarter of 2024 [1]. Loan and Deposit Growth - Total loans at the end of Q4 2025 were $31.2 billion, up 1% from the prior quarter and up 5% from the same period last year [5]. - Total deposits at the end of Q4 2025 were $35.6 billion, an increase of 2% from the prior quarter and 3% from the same period last year [6]. Net Interest Income and Margin - Full year 2025 net interest income was $1.2 billion, a 15% increase from 2024, with a net interest margin of 3.03%, up 25 basis points from the previous year [10]. - Q4 2025 net interest income was $310 million, a 2% increase from the prior quarter and a 15% increase from the same period last year [11]. Noninterest Income and Expense - Full year 2025 noninterest income was $286 million, significantly up from the previous year, primarily due to nonrecurring items from a balance sheet repositioning [16]. - Full year 2025 noninterest expense was $856 million, a 5% increase from 2024 [17]. Credit Quality - The provision for credit losses for 2025 was $54 million, down from $85 million in the prior year, indicating improved credit quality [20]. - Nonaccrual loans decreased to $100 million, down 5% from the prior quarter and 19% from the same period last year [22]. Capital Position - The company's CET1 capital ratio was 10.49% at December 31, 2025, exceeding Basel III regulatory benchmarks [23].