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Sep 30
Associated Bank Q3 2025 Earnings Report
Associated Banc-Corp reported strong third quarter 2025 results with increased net income, record net interest income, and significant loan and deposit growth.
Key Takeaways
Associated Banc-Corp delivered a strong third quarter in 2025, reporting net income available to common equity of $122 million, or $0.73 per common share. The company achieved record net interest income of $305 million, alongside robust growth in both loans and deposits, reflecting positive outcomes from strategic investments.
Diluted earnings per common share reached $0.73, a 30% increase compared to the same period last year.
Net interest income hit a record $305 million, up 16% from the third quarter of 2024.
Total period-end loans grew to $31.0 billion, a 3% increase year-over-year, driven by strong commercial and business lending.
Total period-end deposits increased to $34.9 billion, up 4% from the prior year, with core customer deposits also showing significant growth.
Associated Bank
Associated Bank
Associated Bank Revenue by Segment
Revenue by Segment
Wealth Management Fees Revenue
CapyFin.comService Charges and Deposit Account Fees Revenue
CapyFin.comCard-Based Fees Revenue
CapyFin.comOther Fee-Based Revenue
CapyFin.comCapital Markets, Net Revenue
CapyFin.comMortgage Banking, Net Revenue
CapyFin.comBank and Corporate Owned Life Insurance Revenue
CapyFin.comAsset Gains (Losses), Net Revenue
CapyFin.comInvestment Securities Gains, Net Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Associated Banc-Corp anticipates continued growth in 2025, with expectations for period-end loan growth of 5% to 6%, total deposit growth of 1% to 3%, and core customer deposit growth of 4% to 5%. Net interest income is projected to increase by 14% to 15%, and noninterest income by 5% to 6%. Total noninterest expense is expected to grow by 5% to 6%, with an annual effective tax rate between 18% and 19%.
Positive Outlook
- Expects 2025 period-end loan growth of 5% to 6% compared to year-end 2024.
- Anticipates 2025 period-end total deposit growth of 1% to 3% compared to year-end 2024.
- Projects 2025 period-end core customer deposit growth of 4% to 5% compared to year-end 2024.
- Forecasts total net interest income growth of 14% to 15% in 2025.
- Expects total noninterest income growth of between 5% and 6% in 2025 (adjusted).
Challenges Ahead
- Total noninterest expense is expected to grow by 5% to 6% in 2025 (adjusted).
- Provision for credit losses will be adjusted to reflect changes to risk grades, economic conditions, and loan volumes.
- No specific negative guidance points were explicitly stated beyond expected expense growth and credit loss adjustments.
- No specific negative guidance points were explicitly stated beyond expected expense growth and credit loss adjustments.
- No specific negative guidance points were explicitly stated beyond expected expense growth and credit loss adjustments.