8-K Announcements
6Apr 23, 2026·SEC
Apr 1, 2026·SEC
Mar 12, 2026·SEC
Associated Banc-Corp (ASB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Associated Banc-Corp (ASB) stock price & volume — 10-year historical chart
Associated Banc-Corp (ASB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Associated Banc-Corp (ASB) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.70vs $0.69+1.4% | $383Mvs $384M-0.4% |
| Q1 2026 | Jan 22, 2026 | $0.80vs $0.69+15.9% | $389Mvs $382M+1.8% |
| Q4 2025 | Oct 23, 2025 | $0.73vs $0.68+7.8% | $385Mvs $377M+2.0% |
| Q3 2025 | Jul 24, 2025 | $0.65vs $0.62+4.8% | $349Mvs $370M-5.8% |
Associated Banc-Corp (ASB) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison
Associated Banc-Corp (ASB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Associated Banc-Corp (ASB) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 741.22M | 879.58M | 835.67M | 762.96M | 725.86M | 957.32M | 1.04B | 1.05B | 1.2B |
| 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 Income | 886.61M | 1.15B | 1.17B | 912.84M | 798.19M | 1.15B | 1.96B | 2.12B | 2.17B |
| Interest Expense | 145.38M | 274.56M | 336.94M | 149.88M | 72.33M | 187.93M | 918.48M | 1.08B | 971.61M |
| Loan Loss Provision | 26M | 0 | 16M | 174.01M | -88.01M | 33M | 83.02M | 84.99M | 54M |
| Non-Interest Income | 325.39M | 348.16M | 371.96M | 494.01M | 323.18M | 276.44M | 57.77M | -17.88M | 286.4M |
| 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 Expense | 701.84M | 814.39M | 785.13M | 755.99M | 700.74M | 741.14M | 808.27M | 809.92M | 855.64M |
| Efficiency Ratio | 57.91% | 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 Tax | 109.5M | 79.79M | 79.72M | 20.2M | 85.31M | 93.51M | 23.1M | 11.31M | 103.13M |
| 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) | 229.26M | 333.56M | 326.79M | 306.77M | 350.99M | 366.12M | 182.96M | 123.14M | 474.78M |
| 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) | 1.45 | 1.92 | 1.93 | 1.87 | 2.20 | 2.36 | 1.14 | 0.73 | 2.81 |
| Diluted Shares Outstanding | 153.65M | 169.73M | 161.93M | 153.64M | 151.99M | 150.5M | 150.86M | 153.35M | 166.61M |
Associated Banc-Corp (ASB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 4.73B | 4.68B | 3.84B | 3.8B | 5.36B | 3.34B | 4.52B | 5.57B | 5.97B |
| Cash & Due from Banks | 683.37M | 728.41M | 581M | 716.05M | 1.03B | 593.64M | 909.47M | 997.65M | 574.7M |
| Short Term Investments | 4.04B | 3.95B | 3.26B | 3.09B | 4.33B | 2.74B | 3.6B | 4.58B | 5.4B |
| Total Investments | 27.1B | 29.7B | 28.53B | 29.47B | 30.96B | 35.51B | 36.75B | 38.69B | 5.4B |
| Investments Growth % | 4.56% | 9.6% | -3.94% | 3.29% | 5.06% | 14.68% | 3.48% | 5.27% | -86.05% |
| Long-Term Investments | 23.06B | 25.76B | 25.27B | 26.39B | 26.63B | 32.77B | 33.15B | 34.11B | 0 |
| Accounts Receivables | 0 | 0 | 91.2M | 90.26M | 80.53M | 144.45M | 169.57M | 167.77M | 161.12M |
| Goodwill & Intangibles | 1.05B | 1.31B | 1.33B | 1.22B | 1.22B | 1.23B | 1.23B | 1.22B | 1.13B |
| Goodwill | 976.24M | 1.17B | 1.18B | 1.11B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B |
| Intangible Assets | 73.96M | 144.03M | 155.61M | 110.22M | 112.95M | 126.63M | 124.86M | 119.34M | 22.85M |
| PP&E (Net) | 330.96M | 363.23M | 435.28M | 418.91M | 385.17M | 376.91M | 373.35M | 379.09M | 381.62M |
| Other Assets | 1.32B | 1.51B | 1.41B | 1.5B | 1.43B | 1.55B | 1.58B | 1.55B | 0 |
| Total Current Assets | 4.73B | 4.68B | 3.93B | 3.89B | 5.44B | 3.48B | 4.68B | 5.74B | 6.13B |
| Total Non-Current Assets | 25.76B | 28.94B | 28.45B | 29.53B | 29.67B | 35.93B | 36.34B | 37.26B | 1.51B |
| 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 Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 4.07B | 4.53B | 4.2B | 2.43B | 2.22B | 5.17B | 2.81B | 3.16B | 4.17B |
| Net Debt | 3.39B | 3.8B | 3.61B | 1.72B | 1.2B | 4.58B | 1.9B | 2.16B | 3.6B |
| Long-Term Debt | 3.68B | 3.47B | 3.21B | 2.18B | 1.87B | 1.44B | 1.74B | 1.44B | 3.86B |
| Short-Term Debt | 392.28M | 1.06B | 985.11M | 252.32M | 354.26M | 3.73B | 1.07B | 1.72B | 307.86M |
| Other Liabilities | 0 | -87.67M | 21.91M | 47.78M | 39.78M | 38.78M | 34.77M | 607.26M | 15.97B |
| Total Current Liabilities | 23.56B | 26.45B | 25.23B | 27.1B | 29.17B | 33.91B | 35.07B | 36.37B | 20.4B |
| Total Non-Current Liabilities | 3.68B | 3.38B | 3.23B | 2.23B | 1.91B | 1.48B | 1.78B | 2.05B | 19.83B |
| Total Liabilities | 27.25B | 29.87B | 28.46B | 29.33B | 31.08B | 35.39B | 36.84B | 38.42B | 40.23B |
| 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 Share | 21.07 | 22.28 | 24.22 | 26.63 | 26.48 | 26.68 | 27.67 | 30.03 | 29.86 |
| Tangible BV per Share | 14.24 | 14.54 | 16.00 | 18.69 | 18.47 | 18.50 | 19.52 | 22.05 | 23.09 |
| Common Stock | 1.62M | 1.75M | 1.75M | 1.75M | 1.75M | 1.75M | 1.75M | 1.89M | 1.89M |
| Additional Paid-in Capital | 1.34B | 1.71B | 1.72B | 1.72B | 1.71B | 1.71B | 1.71B | 2.05B | 0 |
| Retained Earnings | 1.93B | 2.18B | 2.38B | 2.46B | 2.67B | 2.9B | 2.95B | 2.92B | 3.23B |
| Accumulated OCI | -62.76M | -124.97M | -33.18M | 12.62M | -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 | -482.63M | 0 |
| Preferred Stock | 159.93M | 256.72M | 256.72M | 353.51M | 193.19M | 194.11M | 194.11M | 194.11M | 194.11M |
Associated Banc-Corp (ASB) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 458.37M | 496.57M | 574.26M | 550.02M | 529.55M | 846.57M | 442.74M | 580.25M | 621.1M |
| Operating CF Growth % | -28.53% | 8.33% | 15.65% | -4.22% | -3.72% | 59.86% | -47.7% | 31.06% | 7.04% |
| Net Income | 229.26M | 333.56M | 326.79M | 306.77M | 350.99M | 366.12M | 182.96M | 123.14M | 472.5M |
| Depreciation & Amortization | 96.49M | 77.63M | 104.1M | 108.45M | 70.44M | 68.88M | 94.31M | 102.51M | 0 |
| Deferred Taxes | 41.24M | 19.43M | 20.06M | 25.56M | 34.07M | 34.68M | 34.25M | 34.84M | 0 |
| Other Non-Cash Items | 121.82M | -22.5M | 213.56M | 277.51M | -130.1M | 129.65M | 247.8M | 326.53M | 169.43M |
| Working Capital Changes | -30.44M | 88.45M | -90.25M | -168.27M | 204.15M | 247.24M | -116.57M | -6.78M | -20.82M |
| Cash from Investing | -1.4B | -380.87M | 1.62B | -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 Investments | 942.71M | 1.45B | 2.19B | 2.42B | 1.68B | 800.98M | 1.26B | 2.42B | 1.34B |
| Net Investment Activity | -482.63M | -24.7M | 1.31B | 644M | -1.69B | -460.05M | -719.57M | -890.47M | -623.33M |
| Acquisitions | 339K | 59.47M | 551.25M | 224.99M | 2.42M | 0 | 0 | 0 | 0 |
| Other Investing | -867.19M | -349.79M | -172.18M | -1.61B | 157.28M | -4.73B | -654.87M | -1.28B | -970.52M |
| Cash from Financing | 1.01B | 44.98M | -2.48B | 371.02M | 1.36B | 4B | 1.3B | 1.73B | 1.71B |
| 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 Issued | 27.62M | 18.41M | 11.22M | 3.97M | 0 | 0 | 0 | 331.02M | 6.89M |
| Net Stock Activity | -18.7M | -228.8M | -174.86M | -73.4M | -137.8M | -6.48M | -6.59M | 306.5M | -22.14M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K |
| Other Financing | 897.51M | 270.48M | -1.84B | 2.27B | 2.01B | 1.18B | 3.81B | 1.22B | 904.12M |
| 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 Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 642.23M | 716.02M | 876.7M | 588.74M | 716.05M | 1.03B | 621.46M | 923.82M | 1.02B |
| Cash at End | 716.02M | 876.7M | 588.74M | 716.05M | 1.03B | 621.46M | 923.82M | 1.02B | 1.72B |
| Interest Paid | 138.17M | 261.72M | 332.92M | 159.29M | 81.6M | 174.68M | 838.83M | 1.08B | 0 |
| Income Taxes Paid | 81.45M | 18.34M | 41.13M | 17.73M | 57.73M | 18.39M | 69.42M | 17.75M | 0 |
| 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% |
Associated Banc-Corp (ASB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 2.43% | 2.43% | 2.61% | 2.58% | 2.28% | 2.07% | 2.43% | 2.53% | 2.43% | 2.66% |
| Efficiency Ratio | 61.39% | 57.91% | 54.21% | 50.83% | 53.74% | 62.49% | 52.13% | 40.1% | 38.48% | 34.79% |
| Equity / Assets | 10.61% | 10.62% | 11.24% | 12.11% | 12.24% | 11.47% | 10.19% | 10.18% | 10.7% | 11.01% |
| Book Value / Share | 20.61 | 21.07 | 22.28 | 24.22 | 26.63 | 26.48 | 26.68 | 27.67 | 30.03 | 29.86 |
| NII Growth | 4.58% | 4.8% | 18.67% | -4.99% | -8.7% | -4.86% | 31.89% | 8.59% | 0.74% | 14.7% |
| Dividend Payout | 33.88% | 33.33% | 31.63% | 34.21% | 36.52% | 33.07% | 33.63% | 70.8% | 113.03% | 32.81% |
Associated Banc-Corp (ASB) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Apr 1, 2026·SEC
Mar 12, 2026·SEC
Feb 12, 2026·SEC
Associated Banc-Corp (ASB) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
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.
Associated Banc-Corp (ASB) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates