AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Associated Banc-Corp reported net income of $123.6M in Q2 2026, up 11% YoY, boosted by the April 2026 American National acquisition which added $5.2B in assets and drove loan growth to $36.5B.
Biggest Revenue Drivers
Net interest income$370.0M+23% YoY
Growth in average earning assets from American National acquisition and improved interest rate spread, partially offset by lower yields on loans.
Noninterest income$80.4M+20% YoY
Higher wealth management fees, card-based fees, and service charges; offset by lower mortgage banking income.
Biggest Revenue Drivers
Total revenue: $450.4M+23% YoY
Net interest income$370.0M+23% YoY
Growth in average earning assets from American National acquisition and improved interest rate spread, partially offset by lower yields on loans.
Noninterest income$80.4M+20% YoY
Higher wealth management fees, card-based fees, and service charges; offset by lower mortgage banking income.
Largest Expense Items
Personnel$161.2M+27% YoY
Increased salaries, annual incentive accruals, severance and retention bonuses from American National acquisition, plus elevated health care costs.
Technology$32.9M+24% YoY
Increased subscription costs and integration-related technology expenses.
Legal and professional$17.5M+162% YoY
Nonrecurring expenses related to American National acquisition and integration activities.
FDIC assessment$10.6M+9% YoY
Higher assessment reflecting increased asset base from American National acquisition.
Margins: Net interest margin improved to 3.17% in Q2 2026 from 3.04% in Q2 2025, driven by American National acquisition and a favorable mix shift toward lower-cost deposits and higher-yielding commercial loans. The net interest rate spread widened 17 basis points to 2.65% from 2.48% YoY.
Watch Items from the Filing
Uninsured and uncollateralized deposits represent 26.5% of total deposits ($10.6B), up from 24.8% at June 30, 2025, increasing funding concentration risk.
American National acquisition integration underway: initial purchase price allocation not yet finalized, with valuations subject to adjustment for up to one year including loans, deposits, and core deposit intangibles.
Three largest commercial and industrial exposures: Utilities 9%, Real Estate 8%, and Credit Intermediation 3% of total loan exposure, with renewable energy representing 72% of utilities.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About ASSOCIATED BANC-CORP (ASB): stock profile, AI score and financials
ASSOCIATED BANC-CORP (ASB) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores ASB at 70.6/100 on a composite quality score built from its SEC filings, placing it at rank #203 of 2,925 stocks — the top 10% of the AI-ranked universe. ASB scores in the top quartile across profitability (92.9), free cash flow (92.4), revenue growth (82.2). Areas of concern include institutional flow (4.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), ASSOCIATED BANC-CORP reports quarterly revenue of $450.4M, net income of $123.6M, an operating margin of 35.3%. Top institutional holders of ASB by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. ASB trades on the NYSE exchange and files with the SEC under CIK 7789. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ASB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ASSOCIATED BANC-CORP directly from SEC EDGAR.