Associated Banc-Corp stock faces a 7.00 percent prime rate

Published on 09/29/2026 at 21:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Associated Banc-Corp stock enters a higher-rate phase after Q2 adjusted EPS reached USD 0.73. Loans grew 19 percent year over year to USD 36.5 billion.

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Associated Banc-Corp stock is tied to a 7.00 percent prime rate after the bank raised its benchmark from 6.75 percent effective September 17, 2026. The move adds a fresh interest-rate signal to a Q2 balance sheet that showed double-digit lending and deposit growth.

Prime rate reaches 7.00 percent

Associated Banc-Corp announced the change through PR Newswire on September 16, 2026. The new rate took effect on September 17, 2026, following an increase from 6.75 percent, directly affecting lending economics for the regional bank.

The rate action arrives after the company reported Q2 2026 adjusted earnings of USD 0.73 per diluted share, versus GAAP diluted EPS of USD 0.63. Stock Titan reported that net income available to common equity was USD 121 million and net interest income reached USD 370 million for the quarter ended June 30, 2026.

Loans grow faster than deposits

Q2 total loans reached USD 36.5 billion, up 19 percent from a year earlier, while deposits rose 17 percent to USD 39.9 billion. Core customer deposits stood at USD 34.2 billion, and the net interest margin improved to 3.17 percent, according to Stock Titan.

The comparison matters because loan growth exceeded deposit growth by 2 percentage points. Management also reaffirmed 2026 guidance for net interest income growth of 19 percent to 21 percent, while the Q2 report cited a CET1 capital ratio of 10.47 percent.

Next earnings date is October 22

MarketBeat lists October 22, 2026, after the market close, for Associated Banc-Corp's Q3 2026 results. That report will show whether the loan expansion and higher prime rate are translating into further net interest income growth.

On the NYSE, Associated Banc-Corp was trading at USD 28.66 on September 29, 2026 at 3:03 p.m. ET. The 52-week range was USD 23.86 to USD 32.46, while market capitalization was USD 5.4 billion as of September 29, 2026.