Associated Banc Corp Stock Price, News & Analysis

Associated Banc-Corp (NYSE: ASB) reported strong Q2 2025 earnings with net income of $108 million, or $0.65 per share, up from $99 million ($0.59/share) in Q1 2025. The bank achieved record quarterly net interest income of $300 million, representing a 5% increase from Q1 2025 and 17% growth year-over-year.

Key metrics include total loans of $30.6 billion (+1% QoQ), deposits of $34.1 billion (-3% QoQ), and a net interest margin of 3.04%. The bank maintained strong credit quality with an allowance for credit losses ratio of 1.35% and net charge-offs of 0.17%. Management updated 2025 guidance, projecting 5-6% loan growth and 1-3% total deposit growth.

Associated Bank (NYSE:ASB) participated in a housing affordability discussion led by U.S. Representative Scott Fitzgerald in Muskego, Wisconsin. The event showcased the successful transformation of a former grade school into affordable housing units, known as the Muskego School Apartments.

The project, developed by Wisconsin Partnership for Housing Development and Commonwealth Development Corporation of America, received a $510,000 grant from FHLBank Chicago's Affordable Housing Program (AHP), sponsored by Associated Bank. The development provides housing for seniors, families, and individuals with disabilities, addressing the community's limited housing availability near Little Muskego Lake.

Associated Banc-Corp (NYSE: ASB) has scheduled its second quarter 2025 earnings release and conference call for July 24, 2025. The financial results will be released after market close, followed by a conference call at 4:00 p.m. Central Time.

Investors can participate through multiple channels: via live webcast on the company's Investor Relations website, or by dialing 877-407-8037 (domestic) or 201-689-8037 (international). Financial tables and presentation slides will be available on the website before the call, and an audio archive will be accessible approximately fifteen minutes after the call concludes.

Associated Bank (NYSE: ASB) is organizing its third annual Day of Service on June 25, mobilizing over 2,400 employees across four states. The initiative focuses on food security, youth services, and financial education through volunteer work with hundreds of nonprofits. The bank is distributing $17,500 in community grants and running a Stock the Box food drive across branches. Since 2023, the program has contributed over 13,300 volunteer hours valued at $435,000. In 2024, 58% of employees participated in activities at 163 nonprofits across 110 cities. The initiative is part of Associated's broader $2 billion Community Commitment Plan, demonstrating the bank's dedication to community development.

Associated Bank (NYSE: ASB) announced plans to relocate its Minneapolis office to the 43rd floor of the iconic IDS Center at 80 S 8th St by Spring 2026. The move will more than double the bank's current office space, accommodating approximately 100 employees across commercial banking, real estate, and relationship management teams. Construction is set to begin in August 2025. Additionally, Associated Bank is opening a new branch in the IDS Center Crystal Court by October 2025. The bank currently maintains office space in St. Louis Park and operates 15 branches throughout the Greater Twin Cities area. This expansion demonstrates Associated's commitment to Minneapolis as a priority market and its confidence in the city's revitalization.

Associated Bank (NYSE: ASB) has launched Associated Bank AI Academy, a pioneering six-week summer program focused on AI and financial literacy for Milwaukee youth. The initiative, led by CIO Terry L. Williams, is a partnership with Boys & Girls Clubs of Greater Milwaukee and Milky Way Tech Hub. Starting July 7, the program will serve 15-20 students in grades 6-8, featuring hands-on instruction in prompt engineering, ChatGPT, and data science fundamentals. Students can earn "Associated Bank Bucks" redeemable for merchandise and rewards. The program will be facilitated by Milky Way Tech Hub with support from Associated Bank employee volunteers, with plans for expansion following a successful pilot.

Associated Bank (NYSE: ASB) has announced the promotion of Steven Zandpour to executive vice president, head of consumer and business banking, effective July 1, 2025. Zandpour will succeed David Stein, who plans to retire at the end of 2025 after 20+ years with the company. Zandpour, who joined Associated Bank in January 2024, will report to CEO Andrew J. Harmening and oversee revenue growth for consumer and business banking, branch network, contact centers, digital banking, and other key operations. Under his leadership, the bank has launched notable initiatives including family banking solutions and a customer-centric conversation model. Stein will transition to executive vice president, strategic advisor and Madison market president until his retirement.

Associated Bank (NYSE: ASB) announced the retirement of David Stein after more than 20 years with the company. Effective July 1, 2025, Stein will step down from his role as executive vice president, head of consumer and business banking, transitioning to executive vice president, strategic advisor. He will continue as Madison market president through the end of 2025.

During his tenure since 2005, Stein has led significant developments including branch network expansion, mortgage business growth, and digital product introduction. Steven Zandpour, who joined in January 2024, will succeed Stein as head of consumer and business banking effective July 1, 2025. Stein will assist in developing the bank's next strategic plan phase before his full retirement.

Associated Banc-Corp (NYSE:ASB) held its 2025 Annual Meeting of Shareholders, announcing key leadership elections and dividend declarations. The company's shareholders elected thirteen directors to the board, including Chairman John Williams and CEO Andrew Harmening.

The meeting resulted in three significant approvals:

• The 2025 Equity Incentive Plan
• Named executive officer compensation
• KPMG LLP as the independent accounting firm for 2025

The Board declared multiple dividend payments for June 16, 2025:

• Common stock: Quarterly cash dividend of $0.23 per share
• Series E Preferred Stock: $0.3671875 per depositary share (5.875%)
• Series F Preferred Stock: $0.3515625 per depositary share (5.625%)

All dividends will be paid to shareholders of record as of June 2, 2025.