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6Material company update
May 5, 2026·SEC
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Apr 28, 2026·SEC
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Apr 23, 2026·SEC
Associated Banc-Corp(ASB)Earnings, Financials & Key Ratios
ASB•NYSE•Banking & Credit
$31.34
11.3× P/E·Price updated Jun 27, 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%
ASB Price & Volume
Associated Banc-Corp (ASB) stock price & volume — 10-year historical chart
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Regional Asset Growth Supports Stable Margin Expansion
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial Position:Healthy
Cash Flow:Stable
Primary Risk:Commercial Real Estate Concentration
"Associated Banc-Corp demonstrates a disciplined organic growth trajectory, evidenced by total assets expanding to $45.6 billion in 2026Q1 while maintaining a conservative 36.3% efficiency ratio. The firm's focus on core Midwestern markets provides a stable foundation for net interest income, which grew 7.4% year-over-year to $307.2 million. However, investors should monitor potential credit volatility within the commercial real estate portfolio and the impact of non-interest income fluctuations, which previously saw a $208.7 million negative impact in 2024Q4."
Verdict Logic
while the bank maintains a solid 0.11 equity-to-assets ratio, the 11.31 P/E TTM and inherent volatility in non-interest income suggest a cautious entry point until credit provisioning stabilizes below the $11.0 million reported in 2026Q1.
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%
TTM242.97%
EPS CAGR
10 Years8.82%
5 Years8.29%
3 Years5.78%
TTM238.82%
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
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.70+1.4%
$0.69
Rev
$383M-0.4%
$384M
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$0.80+15.9%
$0.69
Rev
$389M+1.8%
$382M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.73+7.8%
$0.68
Rev
$385M+2.0%
$377M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.65+4.8%
$0.62
Rev
$349M-5.8%
$370M
| 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Associated Banc-Corp (ASB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $31.34 | $5.2B | 11.31 | 16.83% | 19.31% | 9.91% | 2.98% | |
| $161.31 | $10.88B | 13.95 | 6.66% | 20.11% | 11.93% | — | |
| $25.56 | $12.13B | 13.59 | 0.97% | 22.31% | 11.07% | — | |
| $139.10 | $8.45B | 15.15 | -1.07% | 18.3% | 10.31% | — | |
| $144.91 | $11.03B | 15.87 | 68.52% | 19.79% | 11.67% | — | |
| $36.23 | $746.56M | 11.08 | -0.3% | 22.54% | 14.15% | — |
Compare ASB vs Peers
Associated Banc-Corp (ASB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ASB SEC Filings & Documents
Associated Banc-Corp (ASB) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ASB Frequently Asked Questions
Associated Banc-Corp (ASB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Associated Banc-Corp growing?
Associated Banc-Corp (ASB) grew revenue by 16.8% over the past year. This is strong growth.
Is ASB profitable?
Yes, Associated Banc-Corp (ASB) is profitable, generating $492.7M in net income for fiscal year 2025 (19.3% net margin).
Dividend & Returns
Does ASB pay dividends?
Yes, Associated Banc-Corp (ASB) pays a dividend with a yield of 2.98%. This makes it attractive for income-focused investors.
What is ASB's return on equity?
Associated Banc-Corp (ASB) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.
Industry Metrics
What is Associated Banc-Corp's net interest margin?
Associated Banc-Corp (ASB) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.
What is Associated Banc-Corp's efficiency ratio?
Associated Banc-Corp (ASB) has an efficiency ratio of 34.8%. This is excellent, indicating strong cost control.