Overview

* Associated Banc-Corp ( ASB ) 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 ( ASB ) 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 ( ASB ) 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/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.73

Q3 Net $122 mln

Income

Q3 Net $305 mln

Interest

Income

Q3 -$16 mln

Credit

Loss

Provisio

n

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 ( ASB ) 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:

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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.)