UMB (UMBF) Rises 3.1% Since Previous Earnings Report: Will the Momentum Last?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2025
0mins
Should l Buy ASB?
Source: NASDAQ.COM
Recent Earnings Performance: UMB Financial reported third-quarter 2025 operating earnings per share of $2.70, exceeding estimates and showing a 64.5% increase in net income year-over-year, driven by organic growth and the acquisition of Heartland Financial.
Revenue and Income Growth: Quarterly revenues surged 66.4% year-over-year to $686.7 million, with net interest income rising 90.3%, although non-interest expenses also increased significantly due to acquisition-related costs.
Asset Quality and Expenses: The company faced challenges with deteriorating asset quality, as indicated by a rise in non-accrual loans and an increase in the provision for credit losses, while operating expenses were projected to be between $375-$380 million.
Market Outlook and Stock Performance: UMB Financial holds a Zacks Rank #3 (Hold) with upward trending estimates, indicating a stable outlook, while the stock has gained 3.1% over the past month, outperforming the S&P 500.
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Analyst Views on ASB
Wall Street analysts forecast ASB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASB is 29.71 USD with a low forecast of 29.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
1 Buy
6 Hold
0 Sell
Hold
Current: 28.700
Low
29.00
Averages
29.71
High
32.00
Current: 28.700
Low
29.00
Averages
29.71
High
32.00
About ASB
Associated Banc-Corp is a bank holding company. The Company, through Associated Bank and various nonbanking subsidiaries, provides an array of banking and nonbanking products and services to individuals and businesses through 200 banking branches serving more than 100 communities, throughout Wisconsin, Illinois, Minnesota and Missouri. The Corporate and Commercial Specialty segment serves a wide range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as the support to deliver, fund, and manage such banking solutions. The Community, Consumer and Business segment serves individuals and businesses by providing lending and deposit solutions and a variety of investment, fiduciary, and retirement planning products and services. The Risk Management and Shared Services segment includes key shared operational functions and also includes residual revenue and expenses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Associated Banc-Corp Investor Meeting Schedule Announced
- Investor Meeting Schedule: Associated Banc-Corp plans to meet with investors in Q1 2026, presenting at the 2026 RBC Capital Markets Global Financial Institutions Conference on March 11 at 3:20 PM ET, showcasing its future strategic direction.
- Live Webcast Availability: The presentation will be accessible via a live webcast through the company's Investor Relations section, with a replay expected to be available for 365 days post-event, ensuring investors can access the information at their convenience.
- Financial Overview: Associated Banc-Corp boasts total assets of $45 billion, making it the largest bank holding company in Wisconsin, offering a full range of financial products and services across over 100 communities in Wisconsin, Illinois, Minnesota, and Missouri.
- Forward-Looking Statements: The presentation will include forward-looking statements regarding management's plans and objectives for future operations, emphasizing that these statements are subject to risks and uncertainties that could materially affect actual results.
See More
Associated Banc-Corp Investor Meeting Schedule Announced
- Investor Meeting Schedule: Associated Banc-Corp will participate in several investor meetings during Q1 2026, including the BofA Securities Financial Services Conference in Miami from February 9-11, showcasing its strategic positioning in the financial services sector.
- Key Presentation Timing: Management is expected to present at the RBC Capital Markets Global Financial Institutions Conference on March 11, 2026, at 3:20 p.m. ET, with a live webcast available on the company’s website to enhance investor engagement.
- Investor Materials Release: First-quarter investor materials are anticipated to be available prior to the events, allowing investors to access relevant information through Associated Banc-Corp's website, thereby improving transparency and information sharing.
- Company Background Information: Associated Banc-Corp is the largest bank holding company in Wisconsin with total assets of $45 billion, operating nearly 200 banking locations and serving over 100 communities across Wisconsin, Illinois, Minnesota, and Missouri, demonstrating its leadership in the Midwest banking sector.
See More
Associated Banc-Corp Declares Quarterly Dividends and Stock Buyback
- Quarterly Cash Dividend: Associated Banc-Corp declared a cash dividend of $0.24 per common share, payable on March 16, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Preferred Stock Dividends: The company also announced dividends of $0.3671875 per depositary share for its 5.875% Series E Perpetual Preferred Stock and $0.3515625 for its 5.625% Series F Perpetual Preferred Stock, further bolstering investor confidence.
- Stock Buyback Authorization: The Board authorized a stock repurchase of up to $100 million, indicating confidence in the company's stock value while potentially enhancing earnings per share and shareholder value.
- Asset Scale: With total assets of $45 billion, Associated Banc-Corp is the largest bank holding company in Wisconsin, showcasing its leadership position and market influence in the Midwest banking sector.
See More
Associated Banc-Corp Declares Quarterly Dividends and Stock Buyback
- Quarterly Cash Dividend: Associated Banc-Corp declared a cash dividend of $0.24 per common share, payable on March 16, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Preferred Stock Dividends: The company also announced dividends of $0.3671875 per depositary share on its 5.875% Series E Perpetual Preferred Stock and $0.3515625 per depositary share on its 5.625% Series F Perpetual Preferred Stock, further boosting investor confidence.
- Stock Buyback Authorization: The Board authorized a buyback of up to $100 million of common stock, indicating confidence in the stock's value and potentially enhancing earnings per share, thereby increasing shareholder value.
- Asset Scale: Associated Banc-Corp has total assets of $45 billion, making it the largest bank holding company in Wisconsin, showcasing its leadership and market influence in the Midwest banking sector.
See More
Associated Banc-Corp (ASB) Q4 Earnings Beat Expectations with 513% Revenue Growth
- Strong Earnings Performance: Associated Banc-Corp reported a Q4 2025 GAAP EPS of $0.80, beating expectations by $0.09, indicating a significant improvement in the company's profitability.
- Substantial Revenue Growth: The company achieved revenues of $389.36 million in Q4, a staggering 513% year-over-year increase, surpassing market expectations by $7.04 million, reflecting strong market performance and growth potential.
- Steady Deposit Increase: As of Q4 2025, total period-end deposits reached $35.6 billion, up 2% ($671 million) from the previous quarter and up 3% ($904 million) year-over-year, demonstrating increased customer trust.
- Reduction in Credit Loss Provisions: The provision for credit losses in Q4 was $7 million, significantly down from $16 million in the prior quarter and $17 million year-over-year, indicating effective credit risk management by the company.
See More
Associated Banc-Corp (ASB) Reports Record Q4 2025 Earnings with Over $1.2 Billion Loan Growth
- Strategic Investment Completion: Associated Banc-Corp completed all major Phase 2 strategic investments in 2025, with CEO Andrew Harmening noting it was the strongest year for organic household growth in a decade, achieving net growth in all four quarters, reflecting robust market performance.
- Loan and Deposit Growth: In 2025, the company saw over $1.2 billion in relationship C&I loan growth and nearly $1 billion in core customer deposit growth, indicating significant improvements in customer base and liquidity, thereby enhancing its competitive position in the market.
- Acquisition Plans Advancing: The company announced the acquisition of American National Corporation, aiming to enter the Omaha market and strengthen its presence in the Twin Cities, with Harmening stating a cultural fit and expected integration in the coming months to further drive market expansion.
- Optimistic Future Outlook: Management expects C&I loan growth of 9% to 10% in 2026, alongside core customer deposit and net interest income growth projected at 5% to 6% and 5.5% to 6.5%, respectively, demonstrating confidence in future growth and strategic positioning.
See More
Associated Banc-Corp Investor Meeting Schedule Announced
- Investor Meeting Schedule: Associated Banc-Corp plans to meet with investors in Q1 2026, presenting at the 2026 RBC Capital Markets Global Financial Institutions Conference on March 11 at 3:20 PM ET, showcasing its future strategic direction.
- Live Webcast Availability: The presentation will be accessible via a live webcast through the company's Investor Relations section, with a replay expected to be available for 365 days post-event, ensuring investors can access the information at their convenience.
- Financial Overview: Associated Banc-Corp boasts total assets of $45 billion, making it the largest bank holding company in Wisconsin, offering a full range of financial products and services across over 100 communities in Wisconsin, Illinois, Minnesota, and Missouri.
- Forward-Looking Statements: The presentation will include forward-looking statements regarding management's plans and objectives for future operations, emphasizing that these statements are subject to risks and uncertainties that could materially affect actual results.
See More
Associated Banc-Corp Investor Meeting Schedule Announced
- Investor Meeting Schedule: Associated Banc-Corp will participate in several investor meetings during Q1 2026, including the BofA Securities Financial Services Conference in Miami from February 9-11, showcasing its strategic positioning in the financial services sector.
- Key Presentation Timing: Management is expected to present at the RBC Capital Markets Global Financial Institutions Conference on March 11, 2026, at 3:20 p.m. ET, with a live webcast available on the company’s website to enhance investor engagement.
- Investor Materials Release: First-quarter investor materials are anticipated to be available prior to the events, allowing investors to access relevant information through Associated Banc-Corp's website, thereby improving transparency and information sharing.
- Company Background Information: Associated Banc-Corp is the largest bank holding company in Wisconsin with total assets of $45 billion, operating nearly 200 banking locations and serving over 100 communities across Wisconsin, Illinois, Minnesota, and Missouri, demonstrating its leadership in the Midwest banking sector.
See More
Associated Banc-Corp Declares Quarterly Dividends and Stock Buyback
- Quarterly Cash Dividend: Associated Banc-Corp declared a cash dividend of $0.24 per common share, payable on March 16, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Preferred Stock Dividends: The company also announced dividends of $0.3671875 per depositary share for its 5.875% Series E Perpetual Preferred Stock and $0.3515625 for its 5.625% Series F Perpetual Preferred Stock, further bolstering investor confidence.
- Stock Buyback Authorization: The Board authorized a stock repurchase of up to $100 million, indicating confidence in the company's stock value while potentially enhancing earnings per share and shareholder value.
- Asset Scale: With total assets of $45 billion, Associated Banc-Corp is the largest bank holding company in Wisconsin, showcasing its leadership position and market influence in the Midwest banking sector.
See More
Associated Banc-Corp Declares Quarterly Dividends and Stock Buyback
- Quarterly Cash Dividend: Associated Banc-Corp declared a cash dividend of $0.24 per common share, payable on March 16, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Preferred Stock Dividends: The company also announced dividends of $0.3671875 per depositary share on its 5.875% Series E Perpetual Preferred Stock and $0.3515625 per depositary share on its 5.625% Series F Perpetual Preferred Stock, further boosting investor confidence.
- Stock Buyback Authorization: The Board authorized a buyback of up to $100 million of common stock, indicating confidence in the stock's value and potentially enhancing earnings per share, thereby increasing shareholder value.
- Asset Scale: Associated Banc-Corp has total assets of $45 billion, making it the largest bank holding company in Wisconsin, showcasing its leadership and market influence in the Midwest banking sector.
See More
Associated Banc-Corp (ASB) Q4 Earnings Beat Expectations with 513% Revenue Growth
- Strong Earnings Performance: Associated Banc-Corp reported a Q4 2025 GAAP EPS of $0.80, beating expectations by $0.09, indicating a significant improvement in the company's profitability.
- Substantial Revenue Growth: The company achieved revenues of $389.36 million in Q4, a staggering 513% year-over-year increase, surpassing market expectations by $7.04 million, reflecting strong market performance and growth potential.
- Steady Deposit Increase: As of Q4 2025, total period-end deposits reached $35.6 billion, up 2% ($671 million) from the previous quarter and up 3% ($904 million) year-over-year, demonstrating increased customer trust.
- Reduction in Credit Loss Provisions: The provision for credit losses in Q4 was $7 million, significantly down from $16 million in the prior quarter and $17 million year-over-year, indicating effective credit risk management by the company.
See More
Associated Banc-Corp (ASB) Reports Record Q4 2025 Earnings with Over $1.2 Billion Loan Growth
- Strategic Investment Completion: Associated Banc-Corp completed all major Phase 2 strategic investments in 2025, with CEO Andrew Harmening noting it was the strongest year for organic household growth in a decade, achieving net growth in all four quarters, reflecting robust market performance.
- Loan and Deposit Growth: In 2025, the company saw over $1.2 billion in relationship C&I loan growth and nearly $1 billion in core customer deposit growth, indicating significant improvements in customer base and liquidity, thereby enhancing its competitive position in the market.
- Acquisition Plans Advancing: The company announced the acquisition of American National Corporation, aiming to enter the Omaha market and strengthen its presence in the Twin Cities, with Harmening stating a cultural fit and expected integration in the coming months to further drive market expansion.
- Optimistic Future Outlook: Management expects C&I loan growth of 9% to 10% in 2026, alongside core customer deposit and net interest income growth projected at 5% to 6% and 5.5% to 6.5%, respectively, demonstrating confidence in future growth and strategic positioning.
See More
