Associated Banc-p(US:ASB)2025-10-23 21:00Financial 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]