Associated Banc-Corp Q1 net income rises on commercial and industrial loan growth

Associated Banc-Corp

23/04/2026 21:35

Overview

US Midwest regional bank's Q1 net income rose 18% yr/yr to $117 mln

Co reports net interest income of $307 mln

Company closed acquisition of American National Corporation, expects accelerated loan and deposit growth

Outlook

Company expects 2026 period end loan growth of 17% to 19% vs. 2025 standalone results

Associated Banc-Corp sees 2026 period end deposit growth of 17% to 19% vs. 2025 standalone

Company expects 2026 noninterest income growth of 8% to 10% vs. 2025 standalone results

Result Drivers

COMMERCIAL LENDING GROWTH - Co said over $500 mln in commercial and industrial loan growth contributed to Q1 results

NONINTEREST INCOME - Higher mortgage banking and capital markets income boosted noninterest income yr/yr

AMERICAN NATIONAL ACQUISITION - Acquisition of American National Corporation expected to accelerate loan and deposit growth

Company press release: ID:nPn9ch5mVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.70
Q1 Net Income
$117 mln
Q1 Net Interest Income
$307 mln
Q1 Credit Loss Provision
$11 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Associated Banc-Corp is $30.00, about 7.7% above its April 22 closing price of $27.85

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)