Associated Banc-Corp Increases Prime Rate

ASSOCIATED BANC-CORP (ASB) filed an SEC Form 8-K — Regulation FD Disclosure. Associated Banc-Corp Third Quarter 2026 Investor Presentation September 14, 2026 Important Disclosures 2 Forward-looking statements: Statements made in this document which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Re

Associated Banc-Corp (ASB) announced Angela M.W. Kelley will replace Randall J. Erickson as executive vice president in October 2026. The company's share price is $31.07, with a 90-day return of 9.44% and a year-to-date return of 20.61%. Analysts estimate a fair value of $33.56, suggesting a 7.4% undervaluation. The company is focusing on growing commercial and industrial lending for higher yields, but risks include potential credit losses and funding costs.

Austal shares rose 13.3% to A$4.35 after the company said it received a takeover proposal for its U.S. operations. Hanwha Defence USA offered an indicative US$1.05–1.20B enterprise value for Austal USA on a cash-and-debt-free basis. The board granted four weeks for due diligence. Austal also warned FY26 group EBIT may be about a A$113M loss, mainly from Austal USA provisions.

Associated Banc-Corp (ASB) discussed its Q2 results, highlighting organic C&I growth of 9% to 10% by June 30, $644M organic C&I balances added in Q2, and total loans up 15% QoQ with American National adding about $4.7B. Net interest income rose to $370M, NIM to 3.17%. Guidance for 2026 includes 18% to 20% loan growth and 19% to 21% NII growth.

Associated Banc-Corp reported Q2 2026 progress including 14 bps NIM expansion to 3.17%, organic C&I loan growth targets met within six months, and deposit growth. It integrated American National’s balance sheet, recorded $24M nonrecurring merger costs and $7M net charge-offs, and raised expected cost savings to ~30%. Outlook: NIM expansion in 2H26, loan growth 18% to 20%, deposit growth 19% to 21%, buybacks in Q3-Q4 2026.

Associated Banc-Corp (NYSE:ASB) reported Q2 results tied to its American National acquisition. Management raised expected cost savings to about 30% of American National’s expense base and kept the tangible book value earn-back at 2.25 years. Q2 net interest income rose to $370 million, NIM to 3.17%, and 2026 NII is guided up 19% to 21%.