Associated Banc-Corp Posts Second Quarter Results Amid Integration

The financial results reflect a period of significant expansion for the Midwest bank. Total period-end loans reached $36.5 billion, marking a 15% increase from the first quarter of 2026. This growth was bolstered by a surge in commercial and industrial lending, which climbed to $13.8 billion, a 22% jump compared to the same period last year.

President and CEO Andy Harmening credited the bank’s performance to sustained organic growth initiatives. "Through June 30th, we've seen double-digit C&I growth, excellent household growth, and strong, improving annual deposit growth," Harmening said. The company’s core customer deposits reached $34.2 billion, up 21% year-over-year. Despite the rise in assets, the bank saw a corresponding increase in credit provisions, which totaled $19 million for the quarter, while net charge-offs reached $23 million. The bank maintains a CET1 capital ratio of 10.47%, keeping it well above regulatory benchmarks.