Associated Banc-Corp (ASB)
Midwest bank providing commercial, consumer, treasury, mortgage, and wealth services.
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Takes deposits and provides commercial, small-business, and consumer loans across a six-state Midwest branch network, alongside treasury, equipment-finance, mortgage, and wealth services. Net interest income from loans and securities is the main revenue source, making funding costs and credit performance defining sensitivities.
Provides commercial, small-business, and consumer banking through Associated Bank, alongside treasury management, equipment finance, residential mortgages, auto lending, private banking, and wealth and trust services. Corporate and Commercial Specialty handles larger businesses, developers, municipalities, and specialized finance; Community, Consumer and Business gathers most customer deposits and serves households and smaller companies.
The branch franchise spans Wisconsin, Illinois, Minnesota, Missouri, Iowa, and Nebraska, with additional loan-production offices outside that core. The American National acquisition added Nebraska and Iowa and deepened Minnesota coverage, with integration ongoing. A relationship-driven model combines local offices, digital channels, and specialized commercial capabilities. Revenue comes mainly from net interest income on loans and investment securities, making funding costs, interest-rate spreads, and credit quality central operating dependencies under bank regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 26, 2026 | Piper Sandler | Target | Target: $30 | Target: $34 |
| Aug 4, 2026 | Truist Financial | Target | Target: $32 | Target: $33 |
| Jul 10, 2026 | Truist Financial | Target | Target: $30 | Target: $32 |
| Jul 7, 2026 | Barclays | Reiterate | Rating: —Target: $30 | Target: $34 |
| Jul 1, 2026 | Raymond James | Reiterate | Rating: —Target: $31 | Target: $35 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.91B · Total debt $5.70B · Total assets $51.81B · Shareholders' equity $5.64B
- Revenue
- $703.7M
- Operating income
- $159.2M
- Net income
- $123.6M
HistoryDividendAnnual yield
| Institutions | ≈ 79.93% | 150.95M shares | |
|---|---|---|---|
| 399 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 12.13% | 22.91M shares | |
| 34 holders · as of Sep 18, 2026 | |||
| Other | ≈ 7.94% | 14.98M shares | |
| remainder | |||
188.85M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.32% | 23.27M | as of Jun 30, 2026 |
Dianne S. LozierInsider | 6.26% | 11.83M | filed Apr 6, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.49% | 10.37M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.32% | 10.04M | as of Jun 30, 2026 |
John F. KotoucInsider | 5.08% | 9.59M | filed Apr 6, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Patrick Edward Ahern | officer: Executive Vice President | −1,309 | $30.85 |
| Aug 12, 2026 | Gregory Warsek | officer: EVP | −16,300 | $32.01 |
| Aug 12, 2026 | Randall J. Erickson | officer: Executive Vice President | −43,561 | $32.04 |
| Aug 4, 2026 | John A. Utz | officer: Executive Vice President | −44,465 | $31.73 |
| Jul 30, 2026 | Randall J. Erickson | officer: Executive Vice President | −90,573 | $30.76 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Associated Banc-Corp | $29.14 | −0.77% | $5.54B | 10.3 | 9.3 | 2.2 | +22.7% |
| U.S. Bancorp | $59.17 | −2.11% | $94.15B | 12.1 | 10.9 | 2.2 | +10.6% |
| Old National Bancorp | $25.13 | −0.47% | $9.66B | 11.1 | 9.2 | 2.4 | +12.3% |
| Wintrust Financial | $145.39 | −1.15% | $9.92B | 11.7 | 11.0 | 2.3 | +10.1% |
| Fifth Third | $52.66 | −1.23% | $48.32B | 18.2 | 12.1 | 3.2 | +45.2% |
| Huntington Bancshares | $15.62 | −2.65% | $32.41B | 12.0 | 9.1 | 2.2 | +47.4% |
| Commerce Bancshares | $55.96 | −1.04% | $8.24B | 13.8 | 12.8 | 3.8 | +11.9% |
| Median | 12.0 | 10.9 | 2.3 | +12.1% |