Associated Banc-Corp Q3 net income rises 43% helped by record net interest income

Associated Banc-Corp

23/10/2025 21:26

Overview

Associated Banc-Corp Q3 net income rises to $122 mln

Company reports record net interest income of $305 mln for Q3 2025

Provision for credit losses decreases to $16 mln in Q3 2025

Outlook

Associated Banc-Corp expects 2025 period end loan growth of 5% to 6%

Company anticipates 2025 period end total deposit growth of 1% to 3%

Associated Banc-Corp forecasts 2025 net interest income growth of 14% to 15%

Result Drivers

LOAN GROWTH - Nearly $300 mln increase in C&I loans contributed to Q3 results, per CEO Andy Harmening

DEPOSIT GROWTH - Over $700 mln increase in deposits supported Q3 performance, according to CEO Andy Harmening

RECORD NET INTEREST INCOME - Record-high net interest income of $305 mln reported for Q3 2025

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.73
Q3 Net Income
$122 mln
Q3 Net Interest Income
$305 mln
Q3 Credit Loss Provision
-$16 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "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 $29.00, about 12.6% above its October 21 closing price of $25.35

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

Press Release: ID:nPn9p39n3a

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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.)