AcquisitionsMay 5, 2026, 08:13 AM
Associated Banc-Corp Updates American National System Conversion to Oct 2026
AI Summary
Associated Banc-Corp announced an update to the expected timing for the conversion of American National Corporation's systems and branches, now anticipated to occur in October 2026. The acquisition of American National Corporation was completed on April 1, 2026. The company also highlighted strong FY 2025 results, including record net income, and provided a positive outlook for FY 2026, projecting significant growth in loans and deposits.
Key Highlights
- American National Corporation system and branch conversion now expected in October 2026.
- Acquisition of American National Corporation closed on April 1, 2026.
- FY 2025 Total Loan Growth was 4.7%, with C&I Loan Growth at 11.6%.
- FY 2025 Net Interest Income grew 14.7%, with Net Interest Margin expanding 25 bps.
- Associated Banc-Corp posted record annual net income available to common equity of $463 million in 2025.
- FY 2026 outlook projects Total Loans to be up 17% to 19%.
- FY 2026 outlook projects Total Deposits to be up 17% to 19%.
- FY 2026 outlook projects Core Customer Deposits to be up 19% to 21%.