Brief: Associated Banc-Corp Q2 EPS USD 0.65

Associated Banc-Corp

24/07/2025 21:16

Overview

Associated Banc-Corp Q2 net income of $108 mln, EPS of $0.65

Record net interest income of $300 mln, up 17% yr/yr

Total loans rose 3% yr/yr to $30.6 bln, deposits up 4% yr/yr

Outlook

Company expects 2025 loan growth of 5% to 6%

Associated Banc-Corp forecasts 2025 deposit growth of 1% to 3%

Company anticipates 2025 net interest income growth of 14% to 15%

Associated Banc-Corp expects 2025 noninterest income growth of 1% to 2%

Result Drivers

NET INTEREST INCOME - Record net interest income driven by strategic actions, including C&I loan growth and margin expansion

LOAN GROWTH - Significant growth in commercial and industrial loans contributed to earnings

CHECKING HOUSEHOLD GROWTH - Best checking household growth in a decade supported results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.65
Q2 Net Income
$108 mln
Q2 Net Interest Income
$300 mln
Q2 Credit Loss Provision
$18 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "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 $27.00, about 4.1% above its July 23 closing price of $25.90

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

Press Release: ID:nPn2JFsQFa

(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.)