Q1 2026 Associated Banc-Corp Earnings Call Transcript
Key Points
- Associated Banc-Corp (ASB) reported strong loan growth in Q1 2026, with total loans increasing by over $600 million or 2% compared to the previous quarter.
- The company achieved a 2.2% annualized growth in checking households, indicating successful customer acquisition efforts.
- ASB completed the acquisition of American National Bank, which is expected to enhance its growth prospects in major metropolitan markets such as Omaha and the Twin Cities.
- The company maintained strong credit asset quality trends, with a decrease in total criticized loans and a low net charge-off ratio of 7 basis points.
- ASB's marketing acquisition spend increased by 23% year-over-year, reflecting its commitment to accelerating customer growth and deepening relationships.
- Net interest income for Q1 2026 decreased slightly from the previous quarter, putting some short-term pressure on margins.
- Total non-interest income decreased by $4 million from Q4 2025, despite an increase compared to the same period last year.
- The company's net interest margin decreased by 3 basis points to 3.03% for the quarter.
- ASB's CET1 ratio decreased slightly quarter over quarter due to strong loan growth, although it was up compared to Q1 2025.
- The company faces ongoing macroeconomic uncertainties, including interest rate fluctuations and inflation pressures, which could impact future performance.
Good afternoon, everyone, and welcome to Associated Banc-Corp's first-quarter 2026 earnings conference call. My name is Kevin, and I'll be your operator today.
(Operator Instructions)
We'll be conducting a question-and-answer session at the end of this conference. Copy of the slides that will be referred to during today's call are available on the company's website at investor.associatedbank.com. As a reminder, this conference call is being recorded.
As outlined on Slide 2, during the course of discussion today, management may make statements that constitute projections, expectations, beliefs, or similar forward-looking statements. Associated with actual results could differ materially from the results anticipated or projected in any such forward-looking statements.
Additional detailed information concerning the important factors that could cause Associated's actual results to differ materially from the information discussed today is readily available on the SEC website in the Risk Factors section of Associated's most recent Form 10-K and subsequent SEC filings. These
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