Associated Banc-Corp reported net income available to common equity of $144 million, or $0.76 per common share, for the quarter ended September 30, 2026. This compares to earnings of $121 million, or $0.63 per share, for the prior quarter and $122 million, or $0.73 per share, for the same period in the prior year. The results for the current quarter were impacted by nonrecurring expenses associated with the acquisition of American National Corporation, which closed on April 1, 2026. Excluding these nonrecurring items, the company reported adjusted earnings of $154 million, or $0.81 per share.
The company highlighted several metrics for the third quarter, including a net interest margin of 3.20% and net interest income of $377 million. Total loans at period end were $36.5 billion, an increase of 18% compared to the prior year. Total deposits at period end were $40.4 billion, a 16% increase year-over-year. The company also repurchased $100 million of common stock during the quarter, representing 3.2 million shares at a weighted average price of $30.88.
Regarding credit quality, the provision for credit losses for the quarter was $14 million. The allowance for credit losses on loans stood at $491 million, or 1.34% of total loans. Nonaccrual loans increased to $183 million, or 0.50% of total loans, while net charge-offs were $18 million.
