Associated Banc-Corp Q3 adjusted EPS beats estimates

Associated Banc-Corp

22/10/2026 21:25

Overview
US Midwest regional bank's Q3 adjusted EPS beat analyst expectations
Net interest income rose 24% yr/yr, driven by deposit growth and margin expansion
Company repurchased $100 mln in common stock during the quarter

Outlook
Company expects 2026 period end loan growth of 18% to 20% vs 2025
Associated Banc-Corp sees 2026 period end total deposit growth of 17% to 19%
Company now expects 2026 net interest income growth of 19% to 21% vs 2025

Result Drivers
DEPOSIT GROWTH - Co said strong growth in core customer deposits contributed to quarterly results
NET INTEREST MARGIN - Net interest margin expanded to 3.20%, up 3 basis points from the prior quarter and 16 basis points from the same period last year
FEE INCOME - Noninterest income rose 7% yr/yr, with increases in service charges, card-based fees, and other fee-based revenue

Company press release: ID:nPnbHb3Ja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$0.81
$0.72 (10 Analysts)
Q3 EPS
 
$0.76
 
Q3 Net Income
 
$146.6 mln
 
Q3 Net Interest Income
 
$377.3 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 $34.00, about 16.5% above its October 21 closing price of $29.18
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%
Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality
Oct 22 - Huntington Bancshares Q3 EPS unchanged, net interest income up 

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(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.)