← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

ASB logoAssociated Banc-Corp(ASB)Earnings, Financials & Key Ratios

ASB•NYSE•Banking & Credit
$28.88
$4.79B mkt cap·10.4× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutAssociated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Its Corporate and Commercial Specialty segment offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications; deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; specialized financial services such as interest rate risk management, foreign exchange solutions, and commodity hedging; fiduciary services such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management; and investable funds solutions such as savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, full-service, discount and online investment brokerage; investment advisory services; and trust and investment management accounts. The company's Community, Consumer, and Business segment offers lending solutions, such as residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, business loans, and business lines of credit; and deposit and transactional solutions such as checking, credit, debit and pre-paid cards, online banking and bill pay; and money transfer services. As of December 31, 2021, the company operated 215 banking branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.Show more
  • Net Interest Income$1.2B+14.7%
  • Total Revenue$2.46B+16.8%
  • Net Income$475M+285.5%
  • Return on Equity9.91%+253.3%
  • Net Interest Margin2.66%+9.2%
  • Efficiency Ratio34.79%-9.6%
  • ROA1.08%+267.2%
  • Equity / Assets11.01%+2.8%
  • Book Value per Share29.86-0.6%
  • Tangible BV/Share23.09+4.7%
  • Debt/Equity0.84+22.1%
Technical→

ASB Key Insights

Associated Banc-Corp (ASB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Efficient operations: 34.8% efficiency ratio
  • ✓14 consecutive years of dividend growth
  • ✓Well capitalized: 11.0% equity/assets
  • ✓Healthy dividend yield of 3.2%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ASB Price & Volume

Associated Banc-Corp (ASB) stock price & volume — 10-year historical chart

Loading chart...

ASB Growth Metrics

Associated Banc-Corp (ASB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.55%
5 Years11.82%
3 Years20.04%
TTM-

Profit CAGR

10 Years9.69%
5 Years9.13%
3 Years9.05%
TTM285.54%

EPS CAGR

10 Years8.82%
5 Years8.29%
3 Years5.78%
TTM255.13%

Return on Capital

10 Years5.13%
5 Years4.91%
3 Years3.14%
Last Year3.67%

ASB Recent Earnings

Associated Banc-Corp (ASB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 23, 2026
EPS
$0.70
Est $0.69
+1.4%
Revenue
$383M
Est $384M
-0.4%
Q1 2026
Jan 22, 2026
EPS
$0.80
Est $0.69
+15.9%
Revenue
$389M
Est $382M
+1.8%
Q4 2025
Oct 23, 2025
EPS
$0.73
Est $0.68
+7.8%
Revenue
$385M
Est $377M
+2.0%
Q3 2025
Jul 24, 2025
EPS
$0.65
Est $0.62
+4.8%
Revenue
$349M
Est $370M
-5.8%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$0.70vs $0.69+1.4%
$383Mvs $384M-0.4%
Q1 2026Jan 22, 2026
$0.80vs $0.69+15.9%
$389Mvs $382M+1.8%
Q4 2025Oct 23, 2025
$0.73vs $0.68+7.8%
$385Mvs $377M+2.0%
Q3 2025Jul 24, 2025
$0.65vs $0.62+4.8%
$349Mvs $370M-5.8%
Based on last 12 quarters of dataView full earnings history →

ASB Peer Comparison

Associated Banc-Corp (ASB) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
WTFC logoWTFCWintrust Financial CorporationDirect Competitor10.27B153.2813.266.66%11.35%0.62
FHN logoFHNFirst Horizon CorporationDirect Competitor12.16B25.0713.340.97%10.74%0.50
BOKF logoBOKFBOK Financial CorporationDirect Competitor10.44B135.5416.6510.4%8.91%0.80
UMBF logoUMBFUMB Financial CorporationDirect Competitor10.2B133.9614.6768.52%11.67%0.49
IBCP logoIBCPIndependent Bank CorporationDirect Competitor696.01M33.8110.34-0.3%14.2%0.23
WSFS logoWSFSWSFS Financial CorporationDirect Competitor3.8B72.1114.17-3.05%10.65%0.11
FULT logoFULTFulton Financial CorporationDirect Competitor4.19B21.7910.485.03%11.6%0.37
ONB logoONBOld National BancorpProduct Competitor9.49B24.5813.7325.48%8.51%0.88

Compare ASB vs Peers

Associated Banc-Corp (ASB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WTFC

Most directly comparable listed peer for ASB.

Scale Benchmark

vs V

Larger-name benchmark to compare ASB against a more recognizable public peer.

Peer Set

Compare Top 5

vs WTFC, FHN, BOKF, UMBF

ASB Income Statement

Associated Banc-Corp (ASB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income741.22M879.58M835.67M762.96M725.86M957.32M1.04B1.05B1.2B
NII Growth %4.8%18.67%-4.99%-8.7%-4.86%31.89%8.59%0.74%14.7%
Net Interest Margin %2.43%2.61%2.58%2.28%2.07%2.43%2.53%2.43%2.66%
Interest Income886.61M1.15B1.17B912.84M798.19M1.15B1.96B2.12B2.17B
Interest Expense145.38M274.56M336.94M149.88M72.33M187.93M918.48M1.08B971.61M
Loan Loss Provision26M016M174.01M-88.01M33M83.02M84.99M54M
Non-Interest Income325.39M348.16M371.96M494.01M323.18M276.44M57.77M-17.88M286.4M
Non-Interest Income %26.85%23.18%24.08%35.11%28.82%19.44%2.87%-0.85%11.65%
Total Revenue
1.21B▲ 0%
1.5B▲ 24.0%
1.54B▲ 2.8%
1.41B▼ 8.9%
1.12B▼ 20.3%
1.42B▲ 26.8%
2.02B▲ 41.8%
2.1B▲ 4.4%
2.46B▲ 16.8%
Revenue Growth %5.9%23.95%2.81%-8.92%-20.29%26.78%41.79%4.42%16.83%
Non-Interest Expense701.84M814.39M785.13M755.99M700.74M741.14M808.27M809.92M855.64M
Efficiency Ratio57.91%54.21%50.83%53.74%62.49%52.13%40.1%38.48%34.79%
Operating Income
338.77M▲ 0%
413.35M▲ 22.0%
406.51M▼ 1.7%
326.97M▼ 19.6%
436.31M▲ 33.4%
459.63M▲ 5.3%
206.05M▼ 55.2%
134.46M▼ 34.7%
577.91M▲ 329.8%
Operating Margin %27.95%27.51%26.32%23.24%38.91%32.33%10.22%6.39%23.5%
Operating Income Growth %17.79%22.02%-1.65%-19.57%33.44%5.35%-55.17%-34.75%329.8%
Pretax Income
338.77M▲ 0%
413.35M▲ 22.0%
406.51M▼ 1.7%
326.97M▼ 19.6%
436.31M▲ 33.4%
459.63M▲ 5.3%
206.05M▼ 55.2%
134.46M▼ 34.7%
577.91M▲ 329.8%
Pretax Margin %27.95%27.51%26.32%23.24%38.91%32.33%10.22%6.39%23.5%
Income Tax109.5M79.79M79.72M20.2M85.31M93.51M23.1M11.31M103.13M
Effective Tax Rate %32.32%19.3%19.61%6.18%19.55%20.34%11.21%8.41%17.85%
Net Income
229.26M▲ 0%
333.56M▲ 45.5%
326.79M▼ 2.0%
306.77M▼ 6.1%
350.99M▲ 14.4%
366.12M▲ 4.3%
182.96M▼ 50.0%
123.14M▼ 32.7%
474.78M▲ 285.5%
Net Margin %18.92%22.2%21.16%21.81%31.3%25.75%9.08%5.85%19.31%
Net Income Growth %14.48%45.49%-2.03%-6.13%14.42%4.31%-50.03%-32.69%285.54%
Net Income (Continuing)229.26M333.56M326.79M306.77M350.99M366.12M182.96M123.14M474.78M
EPS (Diluted)
1.42▲ 0%
1.89▲ 33.1%
1.91▲ 1.1%
1.86▼ 2.6%
2.18▲ 17.2%
2.34▲ 7.3%
1.13▼ 51.7%
0.72▼ 36.3%
2.77▲ 284.7%
EPS Growth %12.7%33.1%1.06%-2.62%17.2%7.34%-51.71%-36.28%284.72%
EPS (Basic)1.451.921.931.872.202.361.140.732.81
Diluted Shares Outstanding153.65M169.73M161.93M153.64M151.99M150.5M150.86M153.35M166.61M

ASB Balance Sheet

Associated Banc-Corp (ASB) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments4.73B4.68B3.84B3.8B5.36B3.34B4.52B5.57B5.97B
Cash & Due from Banks683.37M728.41M581M716.05M1.03B593.64M909.47M997.65M574.7M
Short Term Investments4.04B3.95B3.26B3.09B4.33B2.74B3.6B4.58B5.4B
Total Investments27.1B29.7B28.53B29.47B30.96B35.51B36.75B38.69B5.4B
Investments Growth %4.56%9.6%-3.94%3.29%5.06%14.68%3.48%5.27%-86.05%
Long-Term Investments23.06B25.76B25.27B26.39B26.63B32.77B33.15B34.11B0
Accounts Receivables0091.2M90.26M80.53M144.45M169.57M167.77M161.12M
Goodwill & Intangibles1.05B1.31B1.33B1.22B1.22B1.23B1.23B1.22B1.13B
Goodwill976.24M1.17B1.18B1.11B1.1B1.1B1.1B1.1B1.1B
Intangible Assets73.96M144.03M155.61M110.22M112.95M126.63M124.86M119.34M22.85M
PP&E (Net)330.96M363.23M435.28M418.91M385.17M376.91M373.35M379.09M381.62M
Other Assets1.32B1.51B1.41B1.5B1.43B1.55B1.58B1.55B0
Total Current Assets4.73B4.68B3.93B3.89B5.44B3.48B4.68B5.74B6.13B
Total Non-Current Assets25.76B28.94B28.45B29.53B29.67B35.93B36.34B37.26B1.51B
Total Assets
30.48B▲ 0%
33.65B▲ 10.4%
32.39B▼ 3.7%
33.42B▲ 3.2%
35.1B▲ 5.0%
39.41B▲ 12.3%
41.02B▲ 4.1%
43.02B▲ 4.9%
45.2B▲ 5.1%
Asset Growth %4.61%10.38%-3.75%3.19%5.04%12.25%4.09%4.89%5.07%
Return on Assets (ROA)0.77%1.04%0.99%0.93%1.02%0.98%0.46%0.29%1.08%
Accounts Payable000000000
Total Debt4.07B4.53B4.2B2.43B2.22B5.17B2.81B3.16B4.17B
Net Debt3.39B3.8B3.61B1.72B1.2B4.58B1.9B2.16B3.6B
Long-Term Debt3.68B3.47B3.21B2.18B1.87B1.44B1.74B1.44B3.86B
Short-Term Debt392.28M1.06B985.11M252.32M354.26M3.73B1.07B1.72B307.86M
Other Liabilities0-87.67M21.91M47.78M39.78M38.78M34.77M607.26M15.97B
Total Current Liabilities23.56B26.45B25.23B27.1B29.17B33.91B35.07B36.37B20.4B
Total Non-Current Liabilities3.68B3.38B3.23B2.23B1.91B1.48B1.78B2.05B19.83B
Total Liabilities27.25B29.87B28.46B29.33B31.08B35.39B36.84B38.42B40.23B
Total Equity
3.24B▲ 0%
3.78B▲ 16.8%
3.92B▲ 3.7%
4.09B▲ 4.3%
4.02B▼ 1.6%
4.02B▼ 0.2%
4.17B▲ 3.9%
4.61B▲ 10.3%
4.98B▲ 8.0%
Equity Growth %4.73%16.79%3.74%4.3%-1.62%-0.23%3.95%10.34%8.03%
Equity / Assets (Capital Ratio)10.62%11.24%12.11%12.24%11.47%10.19%10.18%10.7%11.01%
Return on Equity (ROE)7.25%9.51%8.48%7.66%8.65%9.11%4.47%2.81%9.91%
Book Value per Share21.0722.2824.2226.6326.4826.6827.6730.0329.86
Tangible BV per Share14.2414.5416.0018.6918.4718.5019.5222.0523.09
Common Stock1.62M1.75M1.75M1.75M1.75M1.75M1.75M1.89M1.89M
Additional Paid-in Capital1.34B1.71B1.72B1.72B1.71B1.71B1.71B2.05B0
Retained Earnings1.93B2.18B2.38B2.46B2.67B2.9B2.95B2.92B3.23B
Accumulated OCI-62.76M-124.97M-33.18M12.62M-10.32M-272.8M-171.1M-74.42M-7.57M
Treasury Stock-134.76M-246.64M-400.46M-456.2M-546.23M-525.19M-512.42M-482.63M0
Preferred Stock159.93M256.72M256.72M353.51M193.19M194.11M194.11M194.11M194.11M

ASB Cash Flow Statement

Associated Banc-Corp (ASB) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations458.37M496.57M574.26M550.02M529.55M846.57M442.74M580.25M621.1M
Operating CF Growth %-28.53%8.33%15.65%-4.22%-3.72%59.86%-47.7%31.06%7.04%
Net Income229.26M333.56M326.79M306.77M350.99M366.12M182.96M123.14M472.5M
Depreciation & Amortization96.49M77.63M104.1M108.45M70.44M68.88M94.31M102.51M0
Deferred Taxes41.24M19.43M20.06M25.56M34.07M34.68M34.25M34.84M0
Other Non-Cash Items121.82M-22.5M213.56M277.51M-130.1M129.65M247.8M326.53M169.43M
Working Capital Changes-30.44M88.45M-90.25M-168.27M204.15M247.24M-116.57M-6.78M-20.82M
Cash from Investing-1.4B-380.87M1.62B-793.74M-1.58B-5.25B-1.44B-2.22B-1.63B
Purchase of Investments-1.43B-1.48B-883.81M-1.77B-3.37B-1.26B-1.98B-3.32B-1.96B
Sale/Maturity of Investments942.71M1.45B2.19B2.42B1.68B800.98M1.26B2.42B1.34B
Net Investment Activity-482.63M-24.7M1.31B644M-1.69B-460.05M-719.57M-890.47M-623.33M
Acquisitions339K59.47M551.25M224.99M2.42M0000
Other Investing-867.19M-349.79M-172.18M-1.61B157.28M-4.73B-654.87M-1.28B-970.52M
Cash from Financing1.01B44.98M-2.48B371.02M1.36B4B1.3B1.73B1.71B
Dividends Paid-85.76M-116.3M-127.01M-130.38M-133.17M-134.64M-141.03M-150.7M-167.27M
Share Repurchases-46.32M-247.21M-186.08M-77.37M-137.8M-6.48M-6.59M-24.52M-29.02M
Stock Issued27.62M18.41M11.22M3.97M000331.02M6.89M
Net Stock Activity-18.7M-228.8M-174.86M-73.4M-137.8M-6.48M-6.59M306.5M-22.14M
Debt Issuance (Net)1000K1000K-1000K-1000K-1000K1000K-1000K1000K1000K
Other Financing897.51M270.48M-1.84B2.27B2.01B1.18B3.81B1.22B904.12M
Net Change in Cash
73.78M▲ 0%
160.68M▲ 117.8%
-287.95M▼ 279.2%
127.3M▲ 144.2%
309.47M▲ 143.1%
-404.06M▼ 230.6%
302.37M▲ 174.8%
95.78M▼ 68.3%
700.62M▲ 631.5%
Exchange Rate Effect000000000
Cash at Beginning642.23M716.02M876.7M588.74M716.05M1.03B621.46M923.82M1.02B
Cash at End716.02M876.7M588.74M716.05M1.03B621.46M923.82M1.02B1.72B
Interest Paid138.17M261.72M332.92M159.29M81.6M174.68M838.83M1.08B0
Income Taxes Paid81.45M18.34M41.13M17.73M57.73M18.39M69.42M17.75M0
Free Cash Flow
411M▲ 0%
430.71M▲ 4.8%
506.8M▲ 17.7%
495.14M▼ 2.3%
477.27M▼ 3.6%
783.86M▲ 64.2%
380.93M▼ 51.4%
535.26M▲ 40.5%
584.73M▲ 9.2%
FCF Growth %-23.54%4.8%17.67%-2.3%-3.61%64.24%-51.4%40.52%9.24%

ASB Banking Ratios

Associated Banc-Corp (ASB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)6.64%7.25%9.51%8.48%7.66%8.65%9.11%4.47%2.81%9.91%
Return on Assets (ROA)0.7%0.77%1.04%0.99%0.93%1.02%0.98%0.46%0.29%1.08%
Net Interest Margin2.43%2.43%2.61%2.58%2.28%2.07%2.43%2.53%2.43%2.66%
Efficiency Ratio61.39%57.91%54.21%50.83%53.74%62.49%52.13%40.1%38.48%34.79%
Equity / Assets10.61%10.62%11.24%12.11%12.24%11.47%10.19%10.18%10.7%11.01%
Book Value / Share20.6121.0722.2824.2226.6326.4826.6827.6730.0329.86
NII Growth4.58%4.8%18.67%-4.99%-8.7%-4.86%31.89%8.59%0.74%14.7%
Dividend Payout33.88%33.33%31.63%34.21%36.52%33.07%33.63%70.8%113.03%32.81%

ASB SEC Filings & Documents

Associated Banc-Corp (ASB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Apr 1, 2026·SEC

Material company update

Mar 12, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 12, 2026·SEC

10-Q Quarterly Reports

2
FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

ASB Frequently Asked Questions

Associated Banc-Corp (ASB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Associated Banc-Corp (ASB) grew revenue by 16.8% over the past year. This is strong growth.

Yes, Associated Banc-Corp (ASB) is profitable, generating $474.8M in net income for fiscal year 2025 (19.3% net margin).

Dividend & Returns

Yes, Associated Banc-Corp (ASB) pays a dividend with a yield of 3.24%. This makes it attractive for income-focused investors.

Associated Banc-Corp (ASB) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.

Industry Metrics

Associated Banc-Corp (ASB) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Associated Banc-Corp (ASB) has an efficiency ratio of 34.8%. This is excellent, indicating strong cost control.

Explore More ASB

Associated Banc-Corp (ASB) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.