📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Sector Averages

About

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, Texas, and Minnesota. It offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset-based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit. The company also provides 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 comprising interest rate risk management and foreign exchange solutions; fiduciary services consisting of administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management services; and investable funds solutions, including 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. In addition, it offers deposit and transactional solutions, including checking, credit and debit cards, online banking and bill pay, and money transfer services. The company operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio, and Texas. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

See full financials →

📊 Quick Scorecard

Loading…

⭐ Superinvestors Holding ASB

View All Superinvestors →

Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	978.8K	$25.3M	0.03%	Mar 2026
Jim Simons Renaissance Technologies LLC	163.6K	$4.2M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used definitive language like 'strongest number we've seen in our company's history' (NII), 'best organic checking household growth we've seen since we began tracking nearly a decade ago', and raised NII growth guidance to 14-15%. They also highlighted specific metrics such as $700M in C&I growth YTD and 12.96% ROTCE.

Q3 2025

Confident Specific

Management repeatedly highlights record NII, organic household growth, and C&I loan momentum with precise figures (e.g., 'net interest income of $305 million set a new record', 'added nearly $1 billion in C&I loans year to date'). Questions are answered directly with data and no hedging.

Q4 2025

Confident Specific

Management repeatedly used specific figures like 'record NII of $310 million', 'ROTCE over 15%', 'C&I growth of $1.2 billion' and provided numeric guidance for 2026 (NII +5.5-6.5%, expenses +3%). The tone is assertive and forward-looking.

Q1 2026 latest

Confident Specific

Management uses precise figures such as 2.2% annualized checking household growth, over $500 million C&I loan growth, $0.70 EPS, and detailed guidance targets. Repeatedly emphasizes strong momentum, specific market expansions, and disciplined credit performance.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Organic loan and deposit growth exceeded expectations, and management provided specific evidence of sustained momentum through pipeline growth and new market entry. The American National acquisition is integrating smoothly with no material surprises, and the combined company is positioned for accelerated growth in Omaha and Twin Cities. Credit quality remains benign, and capital is adequate to support growth and buybacks. Watch for the next quarter's updated expense guidance and purchase accounting adjustments to gauge margin impact and cost synergy realization. The shift to a higher NII growth outlook (7-8% on legacy basis) and disciplined expense control further support positive operating leverage.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Q1 EPS $0.70, C&I loans up $540M; ANB acquisition closed April 1.

Revenue & Profitability

Q1 2026 net interest income was $307 million, down slightly from Q4 but up 7% year-over-year. Non-interest income was $76 million, down $4 million from Q4. Total non-interest expense was $219 million. Net charge-offs were 7 basis points annualized, and provision was $11 million. CET1 ratio stood at 10.47%, and tangible book value per share was $22.23.

Outlook

Management notes macro uncertainty from tariffs, inflation, and shifting labor markets but feels well-positioned due to disciplined risk management and the resilience of Midwestern markets. The Moody's February 2026 baseline forecast used for CECL assumes a resilient economy with a more optimistic GDP outlook and fewer rate cuts than previously expected.

Growth Drivers

Key growth levers include C&I loan growth (over $500 million in Q1, pipeline up 20% year-over-year), household checking growth of 2.2% annualized, and expanded presence in strategic markets (Dallas, Omaha, Kansas City, Twin Cities). The franchise banking vertical and new hires in private banking and commercial are expected to add momentum.

Balance Sheet & CapEx

Not discussed in detail, but the company notes increased marketing acquisition spend (up 23% year-over-year) and ongoing technology investments to support digital modernization. Integration costs for the American National acquisition are being managed, with systems conversion expected in late Q3 2026.

Margins

Net interest margin was 3.03% in Q1, down 3 basis points sequentially but up 6 basis points year-over-year. The adjusted efficiency ratio increased to 55.8% from 55.2%. Management targets positive operating leverage and expects the ANB acquisition to add 5-10 basis points to NIM once purchase accounting marks are finalized.

Key Risks

Risks flagged include ongoing macroeconomic uncertainty (tariffs, inflation, labor markets), elevated interest rates affecting borrowers, and the potential for credit deterioration. Management monitors these through regular portfolio reviews, interest rate sensitivity analysis, and close contact with customers.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

🔍

🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-23

Achieved strong organic and acquisition-driven growth in loans and deposits, with Q2 adjusted EPS of $0.73 and net interest margin rising to 3.17%. Integration of American National is on track, cost saves are ahead of plan, and 2026 guidance calls for double-digit growth in loans, deposits, and income.

Q1 2026 Q1 2026 2026-04-23

Q1 2026 saw strong loan and deposit growth, record customer acquisition, and solid credit quality, with the American National Bank acquisition expanding presence in key metro markets. Guidance for 2026 was raised, with higher NII and deposit growth expected, and integration progressing smoothly.

Q4 2025 Q4 2025 2026-01-22

Record net income and net interest income were achieved in 2025, driven by robust C&I loan and deposit growth, disciplined expense management, and strong credit quality. Guidance for 2026 anticipates continued organic growth, further expansion in key metro markets, and integration of the American National acquisition.

Q3 2025 Q3 2025 2025-10-23

Record Q3 net interest income and strong C&I loan growth drove improved profitability and capital ratios. Core deposits and non-interest income rose, while credit quality remained stable. Guidance calls for continued growth in loans, deposits, and earnings into 2026.

Q2 2025 Q2 2025 2025-07-24

Record net interest income and strong C&I loan growth drove improved profitability, with robust capital and credit metrics supporting positive outlooks for loan and deposit growth in 2025. Guidance anticipates continued margin strength and operating leverage.

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯

Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.

📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.