Capital adequacy remains stable with an equity-to-assets ratio of 0.11, providing a buffer against the $5.5 billion investment securities portfolio.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 19.54B | 5.97B | 5.57B | 4.52B | 3.34B | 5.36B | 3.8B | 3.84B | 4.68B | 4.73B | 5.28B | 5.42B | 6.41B | 5.83B | 5.64B | 5.55B | 865.61M | 796.91M | 545.99M | 564.7M | 468.85M | 474.48M | 402.63M | 399.86M | 445.01M | 593.42M | 373.21M | 289.1M | 532M | 295.2M | 373M |
| Cash & Due from Banks | 465.32M | 574.7M | 997.65M | 909.47M | 593.64M | 1.03B | 716.05M | 581M | 728.41M | 683.37M | 595.73M | 454.69M | 1.02B | 581.5M | 710.74M | 609.52M | 865.61M | 796.91M | 545.99M | 564.7M | 468.85M | 474.48M | 402.63M | 399.86M | 445.01M | 593.42M | 373.21M | 289.1M | 532M | 295.2M | 373M |
| Short Term Investments | 5.51B | 5.4B | 4.58B | 3.6B | 2.74B | 4.33B | 3.09B | 3.26B | 3.95B | 4.04B | 4.68B | 4.97B | 5.4B | 5.25B | 4.93B | 4.94B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 5.51B | 5.4B | 38.69B | 36.75B | 35.51B | 30.96B | 29.47B | 28.53B | 29.7B | 27.1B | 25.92B | 24.7B | 23.28B | 21.12B | 20.34B | 18.84B | 18.39B | 19.47B | 21.25B | 18.95B | 18.49B | 19.77B | 18.57B | 13.99B | 13.81B | 12.39B | 12.08B | 11.51B | 10.25B | 10.03B | 9.38B |
| Investments Growth % | -161.6% | -86.05% | 5.27% | 3.48% | 14.68% | 5.06% | 3.29% | -3.94% | 9.6% | 4.56% | 4.93% | 6.09% | 10.25% | 3.82% | 7.97% | 2.47% | -5.58% | -8.36% | 12.11% | 2.53% | -6.51% | 6.46% | 32.73% | 1.33% | 11.45% | 2.59% | 4.91% | 12.36% | 2.11% | 6.94% | 183.23% |
| Long-Term Investments | 74.06B | 0 | 34.11B | 33.15B | 32.77B | 26.63B | 26.39B | 25.27B | 25.76B | 23.06B | 21.24B | 19.73B | 17.89B | 15.87B | 15.41B | 13.9B | 18.39B | 19.47B | 21.25B | 18.95B | 18.49B | 19.77B | 18.57B | 13.99B | 13.81B | 12.39B | 12.08B | 11.51B | 10.25B | 10.03B | 9.38B |
| Accounts Receivables | 161.02M | 161.12M | 167.77M | 169.57M | 144.45M | 80.53M | 90.26M | 91.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 1.13B | 1.13B | 1.22B | 1.23B | 1.23B | 1.22B | 1.22B | 1.33B | 1.31B | 1.05B | 1.05B | 1.05B | 996.75M | 1B | 990.34M | 996.74M | 1.02B | 1.02B | 1.01B | 1.02B | 980.86M | 998.04M | 799.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.11B | 1.18B | 1.17B | 976.24M | 971.95M | 968.84M | 929.17M | 929.17M | 929.17M | 929.17M | 929.17M | 929.17M | 929.17M | 929.17M | 871.63M | 989.43M | 679.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 20.65M | 22.85M | 119.34M | 124.86M | 126.63M | 112.95M | 110.22M | 155.61M | 144.03M | 73.96M | 76.85M | 77.8M | 67.58M | 74.46M | 61.18M | 67.57M | 88.04M | 92.81M | 80.17M | 92.22M | 109.23M | 8.61M | 119.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 376.76M | 381.62M | 379.09M | 373.35M | 376.91M | 385.17M | 418.91M | 435.28M | 363.23M | 330.96M | 330.31M | 267.61M | 274.69M | 270.89M | 253.96M | 223.74M | 190.53M | 186.56M | 190.94M | 197.45M | 196.01M | 206.15M | 184.94M | 131.31M | 132.71M | 119.53M | 127.6M | 140.1M | 140.1M | 127.8M | 127.7M |
| Other Assets | 0 | 0 | 1.55B | 1.58B | 1.55B | 1.43B | 1.5B | 1.41B | 1.51B | 1.32B | 1.25B | 1.24B | 1.25B | 1.25B | 1.19B | 1.25B | 1.33B | 1.4B | 1.2B | 855.4M | 730.24M | 649.03M | 560.69M | 436.51M | 402.68M | 501.04M | 549.64M | 578.5M | 332.7M | 233.4M | 239.7M |
| Total Current Assets | 6.14B | 6.13B | 5.74B | 4.68B | 3.48B | 5.44B | 3.89B | 3.93B | 4.68B | 4.73B | 5.28B | 5.42B | 6.41B | 5.83B | 5.64B | 5.55B | 865.61M | 796.91M | 545.99M | 564.7M | 468.85M | 474.48M | 402.63M | 399.86M | 445.01M | 593.42M | 373.21M | 289.1M | 532M | 295.2M | 373M |
| Total Non-Current Assets | 1.5B | 1.51B | 37.26B | 36.34B | 35.93B | 29.67B | 29.53B | 28.45B | 28.94B | 25.76B | 23.86B | 22.29B | 20.41B | 18.39B | 17.85B | 16.38B | 20.92B | 22.08B | 23.65B | 21.03B | 20.39B | 21.63B | 20.12B | 14.85B | 14.6B | 13.01B | 12.76B | 12.23B | 10.72B | 10.4B | 9.75B |
| Total Assets | 45.59B | 45.2B | 43.02B | 41.02B | 39.41B | 35.1B | 33.42B | 32.39B | 33.65B | 30.48B | 29.14B | 27.71B | 26.82B | 24.23B | 23.49B | 21.92B | 21.79B | 22.87B | 24.19B | 21.59B | 20.86B | 22.1B | 20.52B | 15.25B | 15.04B | 13.6B | 13.13B | 12.52B | 11.25B | 10.69B | 10.12B |
| Asset Growth % | 21.35% | 5.07% | 4.89% | 4.09% | 12.25% | 5.04% | 3.19% | -3.75% | 10.38% | 4.61% | 5.15% | 3.32% | 10.71% | 3.15% | 7.13% | 0.64% | -4.76% | -5.45% | 12.04% | 3.5% | -5.6% | 7.7% | 34.58% | 1.36% | 10.58% | 3.63% | 4.86% | 11.28% | 5.24% | 5.6% | 173.77% |
| Return on Assets (ROA) | 1.1% | 1.08% | 0.29% | 0.46% | 0.98% | 1.02% | 0.93% | 0.99% | 1.04% | 0.77% | 0.7% | 0.69% | 0.75% | 0.79% | 0.79% | 0.64% | -0% | -0.56% | 0.74% | 1.35% | 1.47% | 1.5% | 1.44% | 1.51% | 1.47% | 1.34% | 1.31% | 1.39% | 1.43% | 0.5% | 1.55% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 4.41B | 4.17B | 3.16B | 2.81B | 5.17B | 2.22B | 2.43B | 4.2B | 4.53B | 4.07B | 3.85B | 3.51B | 5B | 3.83B | 3.34B | 3.69B | 3.16B | 3.18B | 5.57B | 5.09B | 4.11B | 6.01B | 5.53B | 3.78B | 4.3B | 3.75B | 2.72B | 2.8B | 1.7B | 1.35B | 1.23B |
| Net Debt | 3.94B | 3.6B | 2.16B | 1.9B | 4.58B | 1.2B | 1.72B | 3.61B | 3.8B | 3.39B | 3.26B | 3.06B | 3.98B | 3.25B | 2.63B | 3.08B | 2.3B | 2.38B | 5.02B | 4.53B | 3.64B | 5.54B | 5.13B | 3.38B | 3.85B | 3.15B | 2.35B | 2.51B | 1.17B | 1.06B | 861.7M |
| Long-Term Debt | 4.01B | 3.86B | 1.44B | 1.74B | 1.44B | 1.87B | 2.18B | 3.21B | 3.47B | 3.68B | 2.76B | 2.68B | 3.93B | 3.09B | 1.02B | 1.18B | 1.41B | 1.95B | 1.86B | 1.76B | 2.07B | 3.35B | 2.6B | 1.85B | 1.91B | 1.1B | 122.42M | 24.3M | 26M | 15.3M | 33.3M |
| Short-Term Debt | 395.65M | 307.86M | 1.72B | 1.07B | 3.73B | 354.26M | 252.32M | 985.11M | 1.06B | 392.28M | 1.09B | 834.42M | 1.07B | 740.93M | 2.33B | 2.51B | 1.75B | 1.23B | 3.7B | 3.33B | 2.04B | 2.67B | 2.93B | 1.93B | 2.39B | 2.64B | 2.6B | 2.78B | 1.67B | 1.34B | 1.2B |
| Other Liabilities | 36.19B | 15.97B | 607.26M | 34.77M | 38.78M | 39.78M | 47.78M | 21.91M | -87.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196.91M | 185.99M | 187.23M | 185.22M | 143.59M | 349.79M | 174.1M | 147.43M | 118.9M | 117.1M | 129.1M | 125.8M |
| Total Current Liabilities | 395.65M | 20.4B | 36.37B | 35.07B | 33.91B | 29.17B | 27.1B | 25.23B | 26.45B | 23.56B | 23.29B | 22.1B | 20.09B | 18.25B | 19.54B | 17.88B | 17.21B | 18.18B | 19.45B | 17.3B | 16.36B | 16.24B | 15.71B | 11.72B | 11.51B | 11.26B | 11.89B | 11.47B | 10.23B | 9.73B | 9.16B |
| Total Non-Current Liabilities | 40.2B | 19.83B | 2.05B | 1.78B | 1.48B | 1.91B | 2.23B | 3.23B | 3.38B | 3.68B | 2.76B | 2.68B | 3.93B | 3.09B | 1.02B | 1.18B | 1.41B | 1.95B | 1.86B | 1.96B | 2.26B | 3.54B | 2.79B | 2B | 2.26B | 1.28B | 269.85M | 143.2M | 143.1M | 144.4M | 159.1M |
| Total Liabilities | 40.6B | 40.23B | 38.42B | 36.84B | 35.39B | 31.08B | 29.33B | 28.46B | 29.87B | 27.25B | 26.05B | 24.77B | 24.02B | 21.34B | 20.55B | 19.06B | 18.63B | 20.14B | 21.32B | 19.26B | 18.62B | 19.78B | 18.5B | 13.72B | 13.77B | 12.53B | 12.16B | 11.61B | 10.37B | 9.88B | 9.32B |
| Total Equity | 5B | 4.98B | 4.61B | 4.17B | 4.02B | 4.02B | 4.09B | 3.92B | 3.78B | 3.24B | 3.09B | 2.94B | 2.8B | 2.89B | 2.94B | 2.87B | 3.16B | 2.74B | 2.88B | 2.33B | 2.25B | 2.32B | 2.02B | 1.53B | 1.27B | 1.07B | 968.7M | 909.8M | 878.7M | 813.7M | 803.6M |
| Equity Growth % | 37.68% | 8.03% | 10.34% | 3.95% | -0.23% | -1.62% | 4.3% | 3.74% | 16.79% | 4.73% | 5.25% | 4.89% | -3.15% | -1.54% | 2.46% | -9.28% | 15.34% | -4.79% | 23.47% | 3.75% | -3.42% | 15.25% | 31.83% | 20.29% | 18.85% | 10.5% | 6.47% | 3.54% | 7.99% | 1.26% | 146.81% |
| Equity / Assets (Capital Ratio) | 10.96% | 11.01% | 10.7% | 10.18% | 10.19% | 11.47% | 12.24% | 12.11% | 11.24% | 10.62% | 10.61% | 10.6% | 10.44% | 11.93% | 12.5% | 13.07% | 14.5% | 11.97% | 11.89% | 10.79% | 10.76% | 10.52% | 9.83% | 10.04% | 8.46% | 7.87% | 7.38% | 7.27% | 7.81% | 7.61% | 7.94% |
| Return on Equity (ROE) | 10.04% | 9.91% | 2.81% | 4.47% | 9.11% | 8.65% | 7.66% | 8.48% | 9.51% | 7.25% | 6.64% | 6.56% | 6.69% | 6.48% | 6.17% | 4.64% | -0.03% | -4.7% | 6.47% | 12.49% | 13.86% | 14.75% | 14.56% | 16.32% | 17.99% | 17.61% | 17.88% | 18.44% | 18.55% | 6.48% | 18.95% |
| Book Value per Share | 30.01 | 29.86 | 30.03 | 27.67 | 26.68 | 26.48 | 26.63 | 24.22 | 22.28 | 21.07 | 20.61 | 19.50 | 17.69 | 17.44 | 17.04 | 16.53 | 18.45 | 21.42 | 22.49 | 18.14 | 16.87 | 17.62 | 17.54 | 13.69 | 11.23 | 9.75 | 8.58 | 7.82 | 7.59 | 7.02 | 16.06 |
| Tangible BV per Share | 23.25 | 23.09 | 22.05 | 19.52 | 18.50 | 18.47 | 18.69 | 16.00 | 14.54 | 14.24 | 13.62 | 12.55 | 11.40 | 11.39 | 11.29 | 10.78 | 12.51 | 13.43 | 14.60 | 10.19 | 9.50 | 10.06 | 10.59 | 13.69 | 11.23 | 9.75 | 8.58 | 7.82 | 7.59 | 7.02 | 16.06 |
| Common Stock | 1.89M | 1.89M | 1.89M | 1.75M | 1.75M | 1.75M | 1.75M | 1.75M | 1.75M | 1.62M | 1.63M | 1.64M | 1.67M | 1.75M | 1.75M | 1.75M | 1.74M | 1.28M | 1.28M | 1.28M | 1.3M | 1.36M | 1.3M | 734K | 755K | 662K | 664K | 600K | 600K | 0 | 0 |
| Additional Paid-in Capital | 2.05B | 2.05B | 2.05B | 1.71B | 1.71B | 1.71B | 1.72B | 1.72B | 1.71B | 1.34B | 1.46B | 1.46B | 1.48B | 1.62B | 1.6B | 1.59B | 1.57B | 1.08B | 1.07B | 1.04B | 1.12B | 1.3B | 1.13B | 575.98M | 643.96M | 289.75M | 296.48M | 226M | 225.8M | 0 | 0 |
| Retained Earnings | 3.3B | 3.23B | 2.92B | 2.95B | 2.9B | 2.67B | 2.46B | 2.38B | 2.18B | 1.93B | 1.7B | 1.59B | 1.5B | 1.39B | 1.28B | 1.15B | 1.04B | 1.08B | 1.29B | 1.31B | 1.19B | 1.03B | 858.85M | 724.36M | 607.94M | 760.03M | 663.57M | 728.8M | 646.1M | 570M | 564.9M |
| Accumulated OCI | -44.51M | -7.57M | -74.42M | -171.1M | -272.8M | -10.32M | 12.62M | -33.18M | -124.97M | -62.76M | -54.68M | -32.62M | -4.85M | -24.24M | 48.6M | 65.6M | 27.63M | 63.43M | 55K | -2.5M | -16.45M | -6.02M | 39.08M | 50.11M | 60.31M | 47.18M | 15.58M | -38.8M | 23.4M | 26.1M | 8.3M |
| Treasury Stock | -509.59M | -490.25M | -482.63M | -512.42M | -525.19M | -546.23M | -456.2M | -400.46M | -246.64M | -134.76M | -170.83M | -204.92M | -239.04M | -158.58M | -61.17M | 0 | 0 | -706K | 0 | -14.9M | -49.95M | -611K | -9.02M | -2.75M | -40.78M | -27.2M | -7.59M | -6.9M | -17.1M | 0 | 0 |
| Preferred Stock | 194.11M | 194.11M | 194.11M | 194.11M | 194.11M | 193.19M | 353.51M | 256.72M | 256.72M | 159.93M | 159.93M | 121.38M | 59.73M | 61.86M | 63.27M | 63.27M | 514.39M | 511.11M | 508.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Commercial Real Estate Concentration
According to recent regulatory filings, Associated Banc-Corp has grown its total assets from $41.0 billion in 2023Q4 to $45.6 billion by 2026Q1, reflecting a consistent, organic expansion strategy that prioritizes regional market penetration over aggressive, inorganic acquisition-led growth models common among its Midwestern peers.
The steady climb in total assets suggests that management is successfully leveraging its Wisconsin-based deposit franchise to fund loan growth. This trajectory appears sustainable, provided the bank continues to balance its commercial lending appetite with the inherent cyclicality of the regional manufacturing and agricultural sectors.
As reported in financial statements, the bank has maintained a stable equity-to-assets ratio of approximately 0.11 throughout the 2026Q1 period, indicating a disciplined approach to capital preservation that supports its long-term stability while providing a modest buffer against potential credit volatility in its commercial loan portfolio.
This capital position suggests that the bank is prioritizing regulatory compliance and risk mitigation over aggressive capital deployment. Investors should monitor whether this conservative stance limits the bank's ability to pursue strategic technology investments or if it serves as a necessary shield against regional economic headwinds.
Based on the provided balance sheet data, the bank's cash and cash equivalents stood at $465.3 million in 2026Q1, while its investment securities portfolio reached $5.5 billion, demonstrating a liquidity strategy that emphasizes high-quality, liquid assets to offset the potential volatility of its core commercial deposit base.
The reliance on a substantial securities portfolio suggests that the bank is positioning itself to manage interest rate fluctuations effectively. This defensive posture may imply that management is wary of liquidity shocks, opting for lower-yielding, safer assets to ensure operational continuity during periods of market stress.
Financial data indicates that the bank's investment securities portfolio has fluctuated significantly, with a notable shift from $39.8 billion in 2025Q3 to $5.5 billion in 2026Q1, a trend that warrants further investigation into potential duration mismatches and the impact of interest rate sensitivity on the bank's equity.
The dramatic reduction in the securities portfolio size suggests a significant strategic pivot, potentially to mitigate interest rate risk or to reallocate capital toward higher-yielding loan opportunities. Analysts should scrutinize whether this shift exposes the bank to future earnings volatility if interest rate expectations deviate from current management forecasts.
Quick answers to the most common questions about buying ASB stock.
As of 2025, Associated Banc-Corp (ASB) had total assets of $45.20B including $6.13B in current assets.
Associated Banc-Corp (ASB) carries total debt of $4.17B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Associated Banc-Corp (ASB) has total shareholders' equity (book value) of $4.98B ($29.86 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Associated Banc-Corp (ASB) reported a current ratio of 0.30x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.