Associated Banc-Corp Raises Quarterly Dividend to $0.25 Per Share

The Board of Directors of Associated Banc-Corp (ASB ) declared a regular quarterly cash dividend of $0.25 per common share on October 27, 2026, an increase of $0.01 from the previous quarterly dividend of $0.24, according to the company’s announcement. The dividend is payable on December 15, 2026, to shareholders of record at the close of business on December 1, 2026.

The board also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated’s 5.875% Series E Perpetual Preferred Stock, and a regular quarterly cash dividend of $0.3515625 per depositary share on its 5.625% Series F Perpetual Preferred Stock. Both preferred dividends carry the same December 15, 2026 payment date and December 1, 2026 record date.

Associated Banc-Corp, whose shares trade on the New York Stock Exchange, states in the announcement that it has total assets of $51 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, the company offers financial products and services from more than 200 banking locations across Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska, and operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. The company’s July 2026 dividend announcement described total assets of $52 billion.

2026 Dividend Actions

The October declaration follows the board’s July 28, 2026 declaration of the previous $0.24 quarterly common dividend, which was payable on September 15, 2026, to shareholders of record at the close of business on September 1, 2026. That declaration carried identical per-depositary-share dividends of $0.3671875 on the Series E preferred stock and $0.3515625 on the Series F preferred stock, payable on the same September dates.

The company’s 2026 news archive lists two earlier capital-return announcements this year: a January 27, 2026 release covering dividends and a share repurchase program, and an April 28, 2026 release covering annual meeting results, dividends, and a stock repurchase program.

Third Quarter 2026 Results

The dividend declaration follows Associated’s third quarter 2026 earnings report, released on October 22, 2026. The company reported net income available to common equity of $144 million, or $0.76 per common share, for the quarter ended September 30, 2026, compared with $121 million, or $0.63 per common share, for the quarter ended June 30, 2026, and $122 million, or $0.73 per common share, for the quarter ended September 30, 2025.

Excluding nonrecurring expenses associated with the acquisition of American National Corporation, which closed on April 1, 2026, the company reported adjusted earnings of $154 million, or $0.81 per common share, a non-GAAP measure. Third quarter noninterest expense of $260 million included $13 million of nonrecurring costs tied to the acquisition.

“Across the Company, we remain focused on attracting and deepening relationships to drive sustainable organic growth, enhance our profitability and improve our return profile,” President and CEO Andy Harmening said in the earnings release. Harmening said the company maintained momentum in the third quarter with core customer deposit growth, net interest margin expansion, fee income growth, and a strong bottom line, which he said gave the company confidence to execute $100 million in share repurchases during the quarter. He said Associated recently completed the conversion of American National Corporation, and that the leadership team is finalizing plans for the next wave of strategic initiatives for 2027 and beyond.

Associated repurchased $100 million, or 3.2 million shares, of its common stock during the third quarter at a weighted average share price of $30.88, according to the earnings release. The company reported a CET1 capital ratio of 10.38% at September 30, 2026, and said its capital ratios remain in excess of Basel III “well-capitalized” regulatory benchmarks on a fully phased-in basis.

Period-end total loans were $36.5 billion, up 0.1% from the second quarter of 2026 and up 18% from the third quarter of 2025, the company reported. Period-end total deposits of $40.4 billion were up 1% from the prior quarter and 16% from the same period last year, and period-end core customer deposits of $34.8 billion were up 2% and 21%, respectively. Net interest income was $377 million, and the net interest margin was 3.20%, a 3-basis-point increase from the prior quarter and a 16-basis-point increase from the same period last year.

On credit, the company reported a third quarter provision for credit losses of $14 million, an allowance for credit losses on loans to total loans ratio of 1.34%, and annualized net charge-offs to average loans of 0.19%. Nonaccrual loans were $183 million, or 0.50% of total loans, compared with 0.41% in the prior quarter and 0.34% in the third quarter of 2025.

The company said it continues to expect 2026 period-end loan growth of 18% to 20%, total deposit growth of 17% to 19%, core customer deposit growth of 19% to 21%, and net interest income growth of 19% to 21%, each measured against its standalone results for the year ended December 31, 2025. It now expects noninterest income growth of 12% to 14%, noninterest expense growth of 19% to 20%, and an annual effective tax rate between 20% and 22% for 2026.