Associated Banc-Corp aims for 18%-20% loan growth by 2026 and will initiate share repurchases in the second half of the year.
Associated Banc-Corp (ASB) has outlined an 18%-20% loan growth target for 2026, emphasizing sustainable and profitable organic expansion. CEO Andrew Harmening confirmed the bank has already met its mid-year goal of 9%-10% organic commercial and industrial (C&I) loan growth as of June 30.
The company also plans to launch share repurchases in the second half of the year, aligning with its focus on delivering long-term value. Earlier guidance had centered on mid-single-digit loan growth, making the new target a notable upward revision.
Management highlighted strong execution in its core markets, though no immediate market reaction was specified in the earnings call insights.