Associated Banc-Corp Announces Dividends and Share Repurchase Program

Rhea-AI Summary

Associated Banc-Corp (NYSE: ASB) declared a regular quarterly cash dividend of $0.24 per common share, payable March 16, 2026, to shareholders of record at the close of business on March 2, 2026. The board also declared quarterly dividends on preferred securities: $0.3671875 per depositary share on the 5.875% Series E perpetual preferred and $0.3515625 per depositary share on the 5.625% Series F perpetual preferred, each payable March 16, 2026 to holders of record on March 2, 2026.

In addition, the board authorized repurchases of up to $100 million of common stock, in addition to remaining authority under the prior program; repurchases may occur in open market purchases, block transactions, accelerated share repurchase programs or similar facilities and are subject to regulatory limitations.

Positive

• Common dividend of $0.24 per share declared for the quarter
• Preferred dividends set: $0.3671875 (Series E) and $0.3515625 (Series F) per depositary share
• $100 million additional common stock repurchase authorization

Negative

• Share repurchases are subject to regulatory limitations, which may restrict timing or size

Key Figures

Common dividend: $0.24 per share Series E dividend: $0.3671875 per depositary share Series E coupon: 5.875% +5 more

8 metrics

Common dividend $0.24 per share Regular quarterly cash dividend; payable March 16, 2026

Series E dividend $0.3671875 per depositary share 5.875% Series E Perpetual Preferred; payable March 16, 2026

Series E coupon 5.875% Series E Perpetual Preferred Stock dividend rate

Series F dividend $0.3515625 per depositary share 5.625% Series F Perpetual Preferred; payable March 16, 2026

Series F coupon 5.625% Series F Perpetual Preferred Stock dividend rate

Share repurchase authorization $100 million New common stock repurchase authorization in addition to prior program

Dividend payable date March 16, 2026 Payment date for common and preferred dividends

Record date March 2, 2026 Shareholders of record eligible for announced dividends

Market Reality Check

Price: $26.75 Vol: Volume 2,424,669 is 1.08x...

normal vol

$26.75 Last Close

Volume Volume 2,424,669 is 1.08x the 20-day average of 2,240,296 ahead of this announcement. normal

Technical Price at 26.96 trades above the 200-day MA of 24.93, sitting 3.78% below the 52-week high of 28.02 and 47.16% above the 52-week low of 18.32.

Peers on Argus

ASB’s gain of 1.97% contrasts with mixed regional bank peers: BANF (+0.38%), IBO...

ASB’s gain of 1.97% contrasts with mixed regional bank peers: BANF (+0.38%), IBOC (+0.32%), UCB (-0.77%), AVAL (+6.57%), SFBS (-0.22%). With no peers in the momentum scanner, the move appears stock-specific around this capital return news.

Historical Context

5 past events · Latest: Jan 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 22	Earnings results	Positive	-3.8%	Record 2025 net income and EPS with strong loan and deposit growth.
Dec 30	Earnings schedule	Neutral	-0.7%	Announcement of Q4 2025 earnings release date and conference call.
Dec 10	Rate change	Neutral	+0.3%	Decrease in the bank prime rate from 7.00% to 6.75%.
Dec 01	Acquisition deal	Positive	-1.7%	All-stock acquisition of American National valued at about $604M.
Nov 19	Leadership change	Neutral	+0.7%	Promotion of a new Madison market president overseeing 32 locations.

Pattern Detected

Recent history shows occasional negative reactions to fundamentally positive milestones, including record earnings and a growth acquisition, while smaller operational updates see modest, mixed moves.

Recent Company History

Over the last few months, ASB has reported several notable developments. On Jan 22, 2026 it posted record annual net income of $463M and EPS of $2.77, yet shares fell 3.75%. Earlier, it announced the American National acquisition valued near $604M, with a -1.71% reaction. Operational items such as a prime rate decrease, an earnings-call scheduling release, and a market leadership promotion drew modest price changes. Today’s dividend and buyback update follows this backdrop of strong fundamentals with sometimes muted or adverse price responses.

Market Pulse Summary

This announcement combines ongoing cash returns via a $0.24 quarterly common dividend with an additi...

Analysis

This announcement combines ongoing cash returns via a $0.24 quarterly common dividend with an additional $100 million share repurchase authorization, alongside regular preferred dividends. It follows record 2025 earnings of $463M and an announced acquisition aimed at accelerating growth. Investors may watch how actively the board deploys the repurchase capacity, how dividends evolve relative to earnings, and how these capital actions interact with integration of the American National deal and broader regional bank conditions.

Key Terms

depositary share, perpetual preferred stock, share repurchase program, open market purchases, +1 more

5 terms

depositary share financial

"declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E"

A depositary share is a special type of stock that represents ownership in a company but is traded on the stock market like regular shares. It often makes it easier for people to buy and sell shares of companies from other countries or smaller companies that don’t list directly on big exchanges.

perpetual preferred stock financial

"on Associated's 5.875% Series E Perpetual Preferred Stock, payable on March 16, 2026"

A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.

share repurchase program financial

"the Board authorized the repurchase of up to $100 million of Associated's common stock"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

open market purchases financial

"may occur from time to time in open market purchases, block transactions"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

accelerated share repurchase programs financial

"block transactions, accelerated share repurchase programs or similar facilities"

An accelerated share repurchase program is a way for a company to buy back its own shares quickly, often within a short period. It typically involves a financial partner temporarily purchasing a large number of shares on behalf of the company, which are then gradually returned to the company’s treasury. This process allows the company to boost its stock price and earnings per share, making it important for investors tracking company performance.

AI-generated analysis. Not financial advice.

GREEN BAY, Wis., Jan. 27, 2026 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.24 per common share, payable on March 16, 2026, to shareholders of record at the close of business on March 2, 2026.

The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on March 16, 2026, to shareholders of record at the close of business on March 2, 2026.

The Board of Directors also declared a regular quarterly cash dividend of $0.3515625 per depositary share on Associated's 5.625% Series F Perpetual Preferred Stock, payable on March 16, 2026, to shareholders of record at the close of business on March 2, 2026.

In addition, the Board authorized the repurchase of up to $100 million of Associated's common stock. This repurchase authorization is in addition to the authority remaining under the previous program. Repurchases under such programs are subject to regulatory limitations and may occur from time to time in open market purchases, block transactions, accelerated share repurchase programs or similar facilities.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $45 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

FORWARD-LOOKING STATEMENTS

Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include the ability to complete the proposed transaction involving Associated Banc-Corp ("Associated") and American National Bank ("American National") and to integrate the two businesses successfully and in a timely manner, if at all; the possibility that the anticipated benefits of the transaction are not realized when expected or at all; and such other risk factors as identified in the Company's most recent Form 10-K and subsequent Form 10-Qs and other SEC filings, and such factors are incorporated herein by reference.

Investor Contact:
Ben McCarville, Senior Vice President, Director of Investor Relations
920-491-7059

Media Contact:
Andrea Kozek, Vice President, Public Relations Senior Manager
920-491-7518

View original content:https://www.prnewswire.com/news-releases/associated-banc-corp-announces-dividends-and-share-repurchase-program-302671701.html

SOURCE Associated Banc-Corp

FAQ

What common dividend did Associated Banc-Corp (ASB) declare for March 2026?

Associated declared a regular quarterly cash dividend of $0.24 per common share, payable March 16, 2026, to shareholders of record March 2, 2026.

When will Associated Banc-Corp (ASB) pay the declared dividends?

All declared dividends (common and preferred) are payable on March 16, 2026 to holders of record at the close of business on March 2, 2026.

What are the declared dividends for ASB's Series E and Series F preferred shares?

The board declared $0.3671875 per depositary share for the 5.875% Series E and $0.3515625 per depositary share for the 5.625% Series F.

How large is the new share repurchase authorization for Associated Banc-Corp (ASB)?

The board authorized repurchases of up to $100 million of common stock, in addition to authority remaining under the previous program.

How may ASB execute the authorized repurchases and are there limits?

Repurchases may occur via open market purchases, block transactions, accelerated share repurchase programs or similar facilities and are subject to regulatory limitations.