NYSE$ASB

Associated Banc-Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Associated Banc-Corp reported Q3 2025, revenue of $305.2M, net income of $124.7M, diluted EPS of $0.73.

For Q3 2025, Associated Banc-Corp reported revenue of $305.2M, net income of $124.7M, diluted EPS was $0.73. Management discusses segment performance, liquidity, and outlook in the quarterly filing.

  • Revenue $305.2M.
  • Net income $124.7M.
  • Diluted EPS $0.73.

Headline financials

Total Revenue

$386M

Previous: $330M+17.2%
EPS (adj)

$0.73

Previous: $0.56+30.4%
Net Interest Margin

3.0%

Previous: 2.8%+9.4%
Book Value/Share

$28.17

Previous: $27.90+1.0%
Tangible Book Value

$21.36

Previous: $20.37+4.9%
Total Loans

$31B

Previous: $30B+3.4%
Total Deposits

$34.9B

Previous: $33.6B+4.0%
Core Customer Deposits

$28.9B

Previous: $27.7B+4.2%
ACLL to Total Loans

1.3%

Previous: 1.3%+0.8%
Net Charge-Offs to Loans

0.2%

Previous: 0.2%-5.6%
CET1 Capital Ratio

10.3%

Previous: 9.7%+6.3%
Nonaccrual Loans to Loans

0.3%

Previous: 0.4%-20.9%
Efficiency Ratio

56.7%

Previous: 59.5%-4.8%
Net Income

$125M

Previous: $88M+41.7%
Operating Income

$154M

Previous: -$22.9M+774.4%

Revenue & EPS history

Associated Bank · Revenue · Quarterly

$386M

Q3 2025+17.2%vs Q3 2024
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Associated Bank · $9.67M total across 1 segment · Q4 2021

  • Capital Markets
    $9.67M+64.0%

Forward guidance

The filing discusses Associated Banc-Corp's outlook, capital allocation, and key risks for upcoming periods, including guidance or operating priorities where disclosed.

Tailwinds

  • Associated Banc-Corp cites execution and demand trends supporting the outlook.
  • Liquidity and balance-sheet capacity support operations and returns.
  • Net interest income and credit quality support the banking outlook.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability.
  • Interest-rate moves and deposit competition affect net interest margin.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.4%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+2.0%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+9.5%

Q1 2018

Best reaction

-9.1%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-1.0%-1.2%
Q4 2025-3.9%-2.4%+4.0%
Q3 2025+0.7%-2.0%+1.2%
Q2 2025-2.4%-0.5%+3.1%
Q1 2025+1.4%+0.2%+4.5%
Q4 2024-0.8%-2.4%-3.5%
Q3 2024+2.0%+4.9%+21.6%
Q2 2024+3.5%+0.2%-2.6%
Q1 2024+1.1%-1.3%-0.5%
Q4 2023-1.0%+0.0%-5.6%
Q3 2023-6.1%-6.2%+10.3%
Q2 2023-2.0%-3.0%-6.5%
Q1 2023-3.0%-8.1%-17.6%
Q4 2022-0.9%+1.1%+6.4%
Q3 2022+2.6%+6.8%+9.3%
Q2 2022+2.7%+3.7%+13.1%
Q1 2022-5.9%-9.5%-12.8%
Q4 2021-0.1%+0.2%+2.2%
Q3 2021-1.2%+0.2%+1.5%
Q2 2021+0.0%-0.6%+6.7%
Q1 2021+0.6%+2.9%+9.0%
Q4 2020-2.9%-5.3%-1.5%
Q3 2020+3.8%-1.2%+13.7%
Q2 2020+3.4%-1.1%-0.8%
Q1 2020+8.2%+14.4%+10.9%
Q4 2019-1.3%-2.5%-5.1%
Q3 2019-2.0%-0.8%+4.8%
Q2 2019+0.8%+1.4%-11.7%
Q1 2019-0.3%+1.3%-5.7%
Q4 2018+3.5%+4.3%+11.1%
Q3 2018-9.1%-10.3%-8.2%
Q2 2018-1.6%-1.6%-3.7%
Q1 2018+9.5%+9.9%+11.4%
Q4 2017-1.6%-2.7%-1.6%
Q3 2017+6.1%+5.1%+0.2%
Q2 2017-5.1%-3.7%-11.4%
Q1 2017+4.8%+6.3%+2.1%
Q4 2016+1.9%+4.1%+7.8%
Q3 2016-0.5%+0.0%+16.6%
Q2 2016+2.8%+3.8%+9.8%
Q1 2016-0.3%
Q4 2015-0.9%
Q3 2015+2.8%
Q2 2015-1.8%
Q1 2015-1.6%
Q4 2014+2.5%
Q3 2014+1.1%
Q2 2014-0.5%
Q1 2014-0.6%
Q4 2013+0.9%
Q3 2013+0.6%
Q2 2013-0.7%
Q1 2013+3.6%
Q4 2012+0.3%
Q3 2012+0.5%
Q2 2012+2.8%
Q1 2012-0.1%
Q4 2011+0.6%
Q3 2011-1.6%
Q2 2011-5.1%
Q1 2010-0.9%
Q1 2011+2.7%
Q4 2008+0.5%
Q4 2010+0.5%
Q4 2009+0.5%
Q3 2009+5.6%
Q3 2010+5.6%
Q2 2009+1.0%
Q2 2010+1.0%

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