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6Material company update
May 5, 2026·SEC
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Apr 28, 2026·SEC
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Associated Banc-Corp(ASBA)Earnings, Financials & Key Ratios
ASBA•NYSE•Banking & Credit
$24.36
8.8× 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$0+100.0%
- Total Revenue$2.17B+128.0%
- Net Income$475M+285.5%
- Return on Equity10.12%+260.6%
- Net Interest Margin0%+100.0%
- Efficiency Ratio0%-100.0%
- ROA1.08%+267.2%
- Equity / Assets10.58%-1.2%
- Book Value per Share28.70-4.5%
ASBA Price & Volume
Associated Banc-Corp (ASBA) stock price & volume — 10-year historical chart
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Persistent Margin Erosion Challenges Core Profitability Outlook
Investment Thesis • Updated 2026Q1
VerdictNegative: The bank's inability to generate positive net interest income
Growth:Mixed
Profitability:Strained
Financial Position:Vulnerable
Cash Flow:Mixed
Primary Risk:Negative Net Interest Margin
"Associated Banc-Corp faces significant structural headwinds characterized by a persistent negative net interest margin, which reached -0.6% in 2025Q1, indicating a fundamental mismatch between funding costs and asset yields. While the bank has expanded its total assets to $45.6 billion as of 2026Q1, the reliance on volatile credit loss provisioning and non-recurring items complicates the assessment of sustainable earnings. Investors should monitor the sustainability of the 3.8% dividend yield given the erratic quarterly net income swings and the ongoing struggle to maintain positive spread income."
Verdict Logic
coupled with a 2025Q4 net interest margin of 1.6% that fails to offset historical structural deficits, presents a high-risk profile for long-term capital appreciation.
ASBA Growth Metrics
Associated Banc-Corp (ASBA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.42%
5 Years14.16%
3 Years21.66%
TTM-
Profit CAGR
10 Years10.23%
5 Years10.64%
3 Years10.45%
TTM159.7%
EPS CAGR
10 Years8.82%
5 Years8.29%
3 Years5.78%
TTM156.47%
Return on Capital
10 Years1.23%
5 Years1.12%
3 Years0.89%
Last Year1.31%
ASBA Recent Earnings
Associated Banc-Corp (ASBA) EPS & revenue vs analyst estimates — last 2 quarters
Q1 2026Latest
Feb 12, 2026Metric
Actual
Est
EPS
$0.81
—
Rev
$935M
—
Q4 2023
Sep 30, 2023Metric
Actual
Est
EPS
$0.53
—
Rev
$299M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.81 | $935M |
| Q4 2023 | Sep 30, 2023 | $0.53 | $299M |
Based on last 2 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Associated Banc-Corp (ASBA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $24.36 | $4.02B | 8.79 | 128.03% | 21.85% | 10.12% | 3.84% | |
| $161.31 | $10.88B | 13.95 | 6.66% | 20.11% | 11.93% | — | |
| $36.23 | $746.56M | 11.08 | -0.3% | 22.54% | 14.15% | — | |
| $24.21 | $4.63B | 11.64 | 5.03% | 20.93% | 11.45% | — | |
| $144.91 | $11.03B | 15.87 | 68.52% | 19.79% | 11.67% | — | |
| $77.36 | $4.03B | 15.20 | -3.05% | 22.64% | 11.38% | — |
Compare ASBA vs Peers
Associated Banc-Corp (ASBA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ASBA SEC Filings & Documents
Associated Banc-Corp (ASBA) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ASBA Frequently Asked Questions
Associated Banc-Corp (ASBA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Associated Banc-Corp growing?
Associated Banc-Corp (ASBA) grew revenue by 128.0% over the past year. This is strong growth.
Is ASBA profitable?
Yes, Associated Banc-Corp (ASBA) is profitable, generating $373.1M in net income for fiscal year 2025 (21.9% net margin).
Dividend & Returns
Does ASBA pay dividends?
Yes, Associated Banc-Corp (ASBA) pays a dividend with a yield of 3.84%. This makes it attractive for income-focused investors.
What is ASBA's return on equity?
Associated Banc-Corp (ASBA) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.