Associated Banc-Corp reported a net income of $124.7 million for the third quarter of 2025, a significant increase from $88.0 million in the same quarter of the previous year. The earnings per share for the quarter were $0.73, compared to $0.56 in the third quarter of 2024. For the nine months ended September 30, 2025, net income available to common equity reached $329.0 million, up from $276.1 million in the prior year. The increase in profitability was primarily driven by a 15% rise in net interest income, which totaled $891.2 million, attributed to higher yielding loan balances and a strategic repositioning of the balance sheet.
Total assets for the corporation increased to $44.5 billion as of September 30, 2025, up from $43.0 billion at the end of 2024. This growth was supported by a $1.2 billion increase in loans, which reached $31.0 billion, driven by gains in commercial and business lending and auto finance, despite a decline in residential mortgage loans. Deposits also saw a modest increase of $233.4 million, totaling $34.9 billion, with notable growth in savings and noninterest-bearing demand deposits.
In terms of operational metrics, the corporation's average loans for the nine months ended September 30, 2025, were $30.5 billion, reflecting a 3% increase from the previous year. The average deposits rose by 5% to $34.6 billion. The provision for credit losses was $47.0 million, a decrease from $68.0 million in the prior year, indicating improved credit quality and macroeconomic conditions. Noninterest income also increased by 5% to $207.0 million, driven by higher capital markets revenue and wealth management fees.
Strategically, Associated Banc-Corp has focused on repositioning its balance sheet, which included selling lower-yielding residential mortgage loans and investment securities to reinvest in higher-yielding assets. The corporation's capital ratios remained strong, with a common equity tier 1 capital ratio of 10.33% as of September 30, 2025, exceeding regulatory requirements. Looking ahead, the corporation anticipates continued growth in net interest income and a stable credit environment, although it remains vigilant regarding potential market fluctuations and regulatory changes.
About ASSOCIATED BANC-CORP
Associated Banc-Corp is a Wisconsin-based bank holding company that operates through its subsidiary, Associated Bank. It offers a wide range of banking and financial services to individuals and businesses across the Midwest. With 188 branches, the company focuses on relationship-driven banking, targeting local communities. Significant initiatives include workforce development and community engagement programs, enhancing employee growth and supporting economic stability in its service areas.
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