Q2 2026 Associated Banc-Corp Earnings Call Transcript
Key Points
- Associated Banc-Corp (ASB) achieved its target of 9% to 10% organic C&I loan growth for the year by June 30, 2026, with over $600 million added in balances during the second quarter.
- Organic core customer deposits increased by 6% from June 30, 2025, to June 30, 2026, marking the strongest June-to-June growth in the last five years.
- The integration of American National Corporation is proceeding as planned, with systems and branch conversion expected in October 2026.
- Net interest income increased by 20% in Q2 2026 compared to the prior quarter, driven by the acquisition of American National.
- The company expects total loan growth of 18% to 20% in 2026, with C&I loan growth projected at 20% to 22% compared to 2025.
- Total deposits decreased by 1% in Q2 2026, excluding the impact of American National, due to normal seasonality.
- Noninterest expenses increased by $53 million in Q2 2026, partly due to $24 million in nonrecurring costs from the American National acquisition.
- The allowance for credit losses (ACLL) ratio increased by 2 basis points, with $23 million in charge-offs for the quarter.
- Nonaccrual balances increased to $150 million in Q2 2026, with half of the increase attributed to the American National portfolio.
- Criticized loans increased by $290 million versus the prior quarter, driven by the addition of American National.
Good afternoon, everyone, and welcome to Associated Ban-corp's second quarter 2026 earnings conference call. My name is Alicia, and I will be your operator today. We will be conducting a question-and-answer session at the end of the conference. Copies of the slides that will be referenced during today's call are available on the company's website at investor.associatedbank.com. As a reminder, this conference is being recorded.
As outlined on slide 2, during the course of the discussion today, management may make statements that constitute projections, expectations, beliefs or similar forward-looking statements. Associated actual results may differ materially from the results anticipated or projected in such forward-looking statements. Additional detailed information concerning the important factors that could cause Associated 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 factors are incorporated herein by reference. For a
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