Associated Banc-Corp Drives Record Satisfaction Amid $500 Million Growth in Q1 2025

Published 47 minutes agoASB

Associated Banc-Corp Drives Record Satisfaction Amid $500 Million Growth in Q1 2025

Associated Banc-Corp has reported a robust start to 2025, successfully expanding its commercial operations and achieving record-high customer satisfaction scores in the first quarter. The bank wrapped up a strategic balance sheet repositioning announced in late 2024, resulting in over $500 million in loan and deposit growth. This expansion underscores the company's strong market position and customer appeal.

In detail, Associated Banc-Corp posted $526 million in loan growth and $548 million in deposit growth for Q1 2025, reflecting considerable business momentum. According to Insider Monkey, this period saw net interest income jump to $286 million, while the net interest margin increased by 16 basis points to 2.97%, notwithstanding a slight dip in average loan yields. Such financial metrics suggest that the bank effectively managed costs and risks. The CET1 capital ratio consistently remained robust between 10.11% and 10.5%.

CEO Andy Harmening highlighted the company's strategic focus on catering to client needs efficiently, balancing 'offense and defense' in an ever-changing market landscape. Despite setting ambitious targets for 5% to 6% loan growth and anticipating an increase in net interest income by 12% to 13% throughout 2025, the bank remains alert to economic uncertainties, competitive pressures, and regulatory challenges. Harmening's remarks reflect a commitment to maintaining stable and prudent operations while pursuing growth.

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Associated Banc-Corp Drives Record Satisfaction Amid $500 Million Growth in Q1 2025

Associated Banc-Corp Drives Record Satisfaction Amid $500 Million Growth in Q1 2025

47 minutes agoASB

Associated Banc-Corp has reported a robust start to 2025, successfully expanding its commercial operations and achieving record-high customer satisfaction scores in the first quarter. The bank wrapped up a strategic balance sheet repositioning announced in late 2024, resulting in over $500 million in loan and deposit growth. This expansion underscores the company's strong market position and customer appeal. In detail, Associated Banc-Corp posted $526 million in loan growth and $548 million in deposit growth for Q1 2025, reflecting considerable business momentum. According to Insider Monkey, this period saw net interest income jump to $286 million, while the net interest margin increased by 16 basis points to 2.97%, notwithstanding a slight dip in average loan yields. Such financial metrics suggest that the bank effectively managed costs and risks. The CET1 capital ratio consistently remained robust between 10.11% and 10.5%. CEO Andy Harmening highlighted the company's strategic focus on catering to client needs efficiently, balancing 'offense and defense' in an ever-changing market landscape. Despite setting ambitious targets for 5% to 6% loan growth and anticipating an increase in net interest income by 12% to 13% throughout 2025, the bank remains alert to economic uncertainties, competitive pressures, and regulatory challenges. Harmening's remarks reflect a commitment to maintaining stable and prudent operations while pursuing growth.