ASB · Associated Bank Q2 FY2026 earnings call record财报电话会记录

“Back in January, we set a target of 9%-10% organic C&I loan growth for the year, and we have already hit that target as of June 30th, thanks to the addition of over $600 million in balances during the second quarter.”

“Through the first half of 2026, our organic customer household growth has held above 2% on an annualized basis, trending ahead of the 2% target we set for ourselves at the beginning of the year.”

“From June 30th of 2025 to June 30th of 2026, organic core customer deposits were up 6%, which is the strongest June to June growth we have seen in the last five years.”

“We reported GAAP EPS of $0.63 in Q2 or $0.73 after adjusting for $24 million of non-recurring costs recognized during the quarter through our acquisition of American National.”

“On the consumer side, we've made significant investments to modernize our digital banking experience, enhance our product set, improve our marketing acquisition capabilities, and develop a successful mass affluent program.”

“We've also officially completed the tech upgrades necessary for our deposit-focused HOA and title company vertical, which we expect to be a meaningful driver of commercial deposit growth going forward.”

“From June 30th of last year to June 30th of this year, we posted organic core customer deposit growth of 6%, compared to 4% the previous year and 2% the year before that.”

“The net accretion impacts from purchase accounting and adjustments for deferred loan costs and fees combined to drive a 6-basis point improvement in our Q2 margin.”

“After assessing the balance sheet and income statement impacts from the acquisition of American National, we now expect a total 2026 net interest income to grow by 19%-21% as compared to Associated standalone results for the year ended December 31st, 2025.”

“An up 100 ramp scenario now represents a 1.9% impact to our NII as of Q2, while a down 100 scenario now represents a 1.2% impact.”

“After incorporating the impact of American National acquisition, including the non-recurring costs incurred as part of the acquisition, we now expect non-interest expense to grow by 20%-21% in 2026 as compared to Associated's standalone results for the year ended December 31st, 2025.”

“With that said, our teams remain vigilant in reviewing our portfolios and staying in regular contact with both Associated and American National customers to stay ahead of any emerging risk.”