Zacks Research Forecasts Associated Banc Q2 Earnings

Associated Banc-Corp (NYSE:ASB) – Zacks Research issued their Q2 2026 earnings estimates for shares of Associated Banc in a report released on Tuesday, April 7th. Zacks Research analyst Team expects that the bank will earn $0.71 per share for the quarter. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Associated Banc’s current full-year earnings is $2.43 per share. Zacks Research also issued estimates for Associated Banc’s Q3 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.74 EPS, FY2026 earnings at $2.86 EPS, Q1 2027 earnings at $0.77 EPS, Q2 2027 earnings at $0.72 EPS, Q3 2027 earnings at $0.80 EPS, Q4 2027 earnings at $0.78 EPS, FY2027 earnings at $3.08 EPS, Q1 2028 earnings at $0.80 EPS and FY2028 earnings at $3.33 EPS.

Several other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Associated Banc from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Truist Financial dropped their price target on shares of Associated Banc from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Barclays raised shares of Associated Banc from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $30.00 to $33.00 in a research report on Tuesday. Piper Sandler increased their price target on shares of Associated Banc from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Associated Banc from $29.00 to $30.00 and gave the company a “market perform” rating in a research report on Friday, January 23rd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Associated Banc currently has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Associated Banc Price Performance

Shares of Associated Banc stock opened at $27.63 on Thursday. Associated Banc has a 52-week low of $18.64 and a 52-week high of $29.51. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 1.41 and a beta of 0.77. The company has a fifty day moving average of $26.57 and a 200-day moving average of $26.16. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90.

Associated Banc (NYSE:ASB) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. Associated Banc had a net margin of 19.31% and a return on equity of 10.25%. The company had revenue of $393.52 million during the quarter, compared to analysts’ expectations of $382.06 million. During the same quarter in the prior year, the company earned $0.72 EPS.

Associated Banc declared that its Board of Directors has approved a stock buyback program on Tuesday, January 27th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the bank to purchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Associated Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.96 annualized dividend and a yield of 3.5%. Associated Banc’s dividend payout ratio is presently 34.66%.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, EVP Patrick Edward Ahern sold 14,731 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $29.03, for a total value of $427,640.93. Following the completion of the transaction, the executive vice president directly owned 39,401 shares in the company, valued at approximately $1,143,811.03. This represents a 27.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Williams sold 2,325 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $28.05, for a total transaction of $65,216.25. Following the completion of the transaction, the director owned 70,959 shares of the company’s stock, valued at $1,990,399.95. This trade represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 23,656 shares of company stock valued at $677,789 in the last quarter. Company insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASB. Smartleaf Asset Management LLC raised its holdings in Associated Banc by 46.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,279 shares of the bank’s stock worth $33,000 after purchasing an additional 408 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Associated Banc in the 4th quarter worth $33,000. EverSource Wealth Advisors LLC raised its holdings in Associated Banc by 345.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the bank’s stock worth $33,000 after purchasing an additional 1,047 shares in the last quarter. Quent Capital LLC bought a new position in Associated Banc in the 3rd quarter worth $34,000. Finally, First Horizon Corp bought a new position in Associated Banc in the 3rd quarter worth $39,000. 82.98% of the stock is currently owned by institutional investors.

Associated Banc News Summary

Here are the key news stories impacting Associated Banc this week:

• Positive Sentiment: Barclays upgraded ASB to Overweight, a buy‑side endorsement that typically attracts inflows and coverage attention; that upgrade is the main near‑term bullish catalyst. Barclays Upgrades Associated Banc (NYSE:ASB) to Overweight
• Neutral Sentiment: Zacks Research published detailed quarterly and multi‑year EPS forecasts (covering FY2026–FY2028) showing projected EPS growth to roughly $3.33 in FY2028 — these raise longer‑term earnings visibility but are already reflected in their revised model rather than representing an independent bullish action.
• Negative Sentiment: Zacks downgraded ASB from “Strong‑Buy” to “Hold,” which can reduce immediate buy pressure from investors who follow Zacks ratings and partially offsets the Barclays upgrade. Zacks.com

About Associated Banc

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.