Sep 2026 (Q3 FY26) — Oct 22, 2026
Associated Banc-Corp Q3 FY26 — Strong Organic Growth, NIM Expansion, and Capital Return
Read the full callAssociated Banc-Corp earnings: last reported Thu, 22 Oct 2026, for the quarter ended Sep 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 124 | +11.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
16 of 24 judged targets kept · 15 open · verdicts reflect calls analysed to Sep 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Net Interest Margin (NIM) | Expansion | Jun 2026 | while our net interest margin expanded by 3 basis points to 3.2% | Achieved |
| Noninterest expense growth | 3%, excluding American National | Dec 2025 | we now expect noninterest expense to grow by 19% to 20% in 2026 | Revised Up |
| Total American National acquisition-related expenses | Approximately $48.5 million in total, all remaining recognized by year-end 2026 | Sep 2026 | we now expect the total amount of acquisition-related expenses to land at approximately $48.5 million | New |
8 of ASSOCIATED BANC-CORP's 39 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 36 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $25.22 on 22 Oct 2025 → $30.21. High $32.33 (14 Aug 2026), low $24.13 (17 Nov 2025).
Overview
Guidance
16 of 24 judged targets kept · 15 open · verdicts reflect calls analysed to Sep 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Net Interest Margin (NIM) | Expansion | Jun 2026 | while our net interest margin expanded by 3 basis points to 3.2% | Achieved |
| Noninterest expense growth | 3%, excluding American National | Dec 2025 | we now expect noninterest expense to grow by 19% to 20% in 2026 | Revised Up |
| Total American National acquisition-related expenses | Approximately $48.5 million in total, all remaining recognized by year-end 2026 | Sep 2026 | we now expect the total amount of acquisition-related expenses to land at approximately $48.5 million | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 39 tracked commitments, with each call’s wording and source.
Call summaries
Associated Banc-Corp Q3 FY26 — Strong Organic Growth, NIM Expansion, and Capital Return
Read the full callAssociated Banc-Corp Q2 FY26 — Strong Organic Growth and American National Integration
Read the full callAssociated Banc-Corp Q1 FY26 — Strong Loan and Deposit Growth, ANB Integration on Track
Read the full callEvery analysed call
Financials
Net profit, year on year: +11% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 330 | — | — | — | — | — | — | — |
| Interest | 278 | 258 | 240 | 246 | 251 | 235 | 221 | 253 |
| Profit before tax | 108 | -178 | 121 | 140 | 154 | 163 | 153 | 159 |
| Tax rate | 18.6% | 9.1% | 16.0% | 20.3% | 19.2% | 15.8% | 21.8% | 22.4% |
| Net profit | 88 | -162 | 102 | 111 | 125 | 137 | 120 | 124 |
| EPS ($ per share) | 0.56 | — | 0.60 | 0.65 | 0.73 | — | 0.70 | 0.64 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 2,181 | 2,381 | 2,459 | 2,673 | 2,905 | 2,947 | 2,919 | 3,227 |
| Total liabilities | 29,834 | 28,464 | 29,329 | 31,079 | 35,390 | 36,842 | 38,418 | 40,227 |
| Fixed assets | 363 | 435 | 419 | 385 | 377 | 373 | 379 | 382 |
| Total assets | 33,615 | 32,386 | 33,420 | 35,104 | 39,406 | 41,016 | 43,023 | 45,203 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 497 | 574 | 550 | 530 | 847 | 443 | 580 | 616 |
| Cash from investing | -381 | 1,617 | -794 | -1,584 | -5,255 | -1,436 | -2,219 | -1,625 |
| Cash from financing | 45 | -2,480 | 371 | 1,364 | 4,004 | 1,296 | 1,735 | 1,710 |
| Net cash flow | — | — | — | — | — | 302 | 96 | 701 |
Risk Management and Shared Serivies shrank from -23% to -25% of revenue over the last three quarters.
| Segment | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | YoY growth latest quarter |
|---|---|---|---|---|
| Community Consumer and Businesssegment | 66% | 68% | 66% | — |
| Corporate and Commercial Specialty | — | — | 59% | — |
| Risk Management and Shared Serivies | -23% | -26% | -25% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Net interest margin | 3.03%With this in mind, our net interest margin decreased 3 basis points to 3.03% for the quarter as compared to the same period a year ago, our NIM increased 6 basis points.Source: earnings call transcript | 3.17%Our net interest margin increased 14 basis points to 3.17% for the quarter.Source: earnings call transcript | 3.2%In Q3, our net interest income increased by $7 million, while our net interest margin expanded by 3 basis points to 3.2%, our second best quarter in over a decade.Source: earnings call transcript | 0 pt |
| Common equity tier 1 ratio (CET1) | 10.47%On Slide 16, our CET1 ratio finished at 10.47% in Q1.Source: earnings call transcript | 10.47%On Slide 16, our CET1 ratio finished at 10.47% in Q2.Source: earnings call transcript | 10.38%Our CET1 ratio finished at 10.38%.Source: earnings call transcript | -0.1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
282 filings between Nov 17, 2025 and Oct 15, 2026.
Purchases
None
No insider bought shares.
Sales
$9.95M
28 sales by 10 insiders
Also filed: 87 other filings, 2 gifts, 1 code i.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Erickson Randall J. | — | $5.03M | Aug 12, 2026 |
| Utz John A. | — | $1.61M | Aug 4, 2026 |
| Ahern Patrick Edward | — | $1.34M | Sep 3, 2026 |
| Warsek Gregory | — | $521.7K | Aug 12, 2026 |
| DeLoye Dennis | — | $404.1K | May 26, 2026 |
| Meyer Derek S. | — | $307.4K | Jul 29, 2026 |
| Kitowski Nicole M | — | $236.9K | Jul 28, 2026 |
| KAMERICK EILEEN A | — | $184.9K | Feb 19, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Williams Terry Lynn Chief Information Officer | Other | 80 | $2.3K |
| Oct 15, 2026 | Utz John A. Executive Vice President | Other | 47 | $1.3K |
| Oct 15, 2026 | Manso Julio EVP, CHRO | Other | 14 | $413 |
| Oct 15, 2026 | Kitowski Nicole M Executive Vice President | Other | 26 | $755 |
| Oct 15, 2026 | ZANDPOUR STEVEN S. EVP | Other | 85 | $2.4K |
| Oct 13, 2026 | Kelley Angela M General Counsel & Corp Sec'y | Award | 17,385 | $500.0K |
| Sep 17, 2026 | Ahern Patrick Edward Executive Vice President | Other | 28,057 | $0 |
| Sep 17, 2026 | Ahern Patrick Edward Executive Vice President | Other | 28,057 | $0 |
| Sep 15, 2026 | Haddad Michael J Director | Other | 33 | $991 |
| Sep 15, 2026 | HLADIO JAYNE C EVP, President Private Wealth | Other | 13 | $387 |
| Sep 15, 2026 | Greffin Judith P Director | Award | 102 | $3.1K |
| Sep 15, 2026 | KAMERICK EILEEN A Director | Award | 345 | $10.5K |
| Sep 15, 2026 | Meyer Derek S. EVP, Chief Financial Officer | Award | 124 | $3.8K |
| Sep 15, 2026 | WILLIAMS JOHN B Director | Award | 345 | $10.5K |
| Sep 15, 2026 | Haddad Michael J Director | Award | 36 | $1.1K |
| Sep 15, 2026 | Harmening Andrew J President & CEO | Other | 2,516 | $75.7K |
| Sep 15, 2026 | Kitowski Nicole M Executive Vice President | Other | 25 | $755 |
| Sep 15, 2026 | Nettles Cory L Director | Award | 335 | $10.2K |
| Sep 15, 2026 | Jones-Tyson Rodney Director | Award | 36 | $1.1K |
| Sep 15, 2026 | Utz John A. Executive Vice President | Award | 428 | $13.0K |
| Sep 15, 2026 | Kotouc Wende L Director | Award | 28 | $849 |
| Sep 15, 2026 | Utz John A. Executive Vice President | Other | 45 | $1.3K |
| Sep 15, 2026 | VAN LITH KAREN Director | Award | 36 | $1.1K |
| Sep 15, 2026 | Manso Julio EVP, CHRO | Other | 18 | $547 |
| Sep 15, 2026 | Manso Julio EVP, CHRO | Other | 14 | $413 |
| Sep 15, 2026 | Warsek Gregory EVP | Award | 35 | $1.1K |
| Sep 15, 2026 | Ludgate Kristen M Director | Award | 36 | $1.1K |
| Sep 15, 2026 | VAN LITH KAREN Director | Award | 345 | $10.5K |
| Sep 15, 2026 | SULLIVAN OWEN J Director | Award | 36 | $1.1K |
| Sep 15, 2026 | WILLIAMS JOHN B Director | Award | 36 | $1.1K |
| Sep 15, 2026 | Williams Terry Lynn Chief Information Officer | Other | 76 | $2.3K |
| Sep 15, 2026 | Greffin Judith P Director | Award | 36 | $1.1K |
| Sep 15, 2026 | Nettles Cory L Director | Award | 36 | $1.1K |
| Sep 15, 2026 | KAMERICK EILEEN A Director | Award | 36 | $1.1K |
| Sep 15, 2026 | ZANDPOUR STEVEN S. EVP | Other | 80 | $2.4K |
| Sep 10, 2026 | Kotouc Wende L Director | Gift | 3,328,692 | $0 |
| Sep 10, 2026 | Kotouc Wende L Director | Gift | 3,328,692 | $0 |
| Sep 3, 2026 | Ahern Patrick Edward Executive Vice President | Sale | 1,209 | $37.3K |
| Sep 3, 2026 | Ahern Patrick Edward Executive Vice President | Sale | 100 | $3.1K |
| Aug 17, 2026 | ZANDPOUR STEVEN S. EVP | Other | 75 | $2.4K |
| Aug 17, 2026 | Utz John A. Executive Vice President | Other | 42 | $1.3K |
| Aug 17, 2026 | Manso Julio EVP, CHRO | Other | 13 | $413 |
| Aug 17, 2026 | Kitowski Nicole M Executive Vice President | Other | 23 | $755 |
| Aug 17, 2026 | Williams Terry Lynn Chief Information Officer | Other | 71 | $2.3K |
| Aug 17, 2026 | HLADIO JAYNE C EVP, President Private Wealth | Other | 12 | $387 |
| Aug 12, 2026 | Erickson Randall J. Executive Vice President | Option exercise | 43,561 | $885.2K |
| Aug 12, 2026 | Warsek Gregory EVP | Code I | 14,927 | $0 |
| Aug 12, 2026 | Warsek Gregory EVP | Sale | 13,018 | $416.7K |
| Aug 12, 2026 | Warsek Gregory EVP | Option exercise | 13,018 | $338.5K |
| Aug 12, 2026 | Warsek Gregory EVP | Sale | 3,282 | $105.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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