Associated Banc-Corp is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 220 banking locations serving more than 120 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC.

Company profile
Ticker
ASB, ASB+E, ASB+F
Exchange
Website
CEO
Philip Flynn
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Associated Trust Company • ABNA Investment Partners LLC • ABNA Securities, LLC • ACD Germania, LLC • Associated Benefits Connection, LLC • Associated Community Development, LLC • Associated Investments Inc. • Associated Investment Services, Inc. • Associated Wisconsin Real Estate Corp. • Kellogg Asset Management, LLC ...
IRS number
391098068
ASB stock data
Press releases
Associated Banc-Corp to Attend Two Investor Events in September 2022
16 Aug 22
Associated Banc-Corp Increases Prime Rate
27 Jul 22
Associated Banc-Corp Announces Dividends
26 Jul 22
Associated Banc-Corp Reports Second Quarter 2022 Net Income Available to Common Equity of $84 Million, or $0.56 per Common Share
21 Jul 22
Associated Bank appoints Twin Cities market president, Paul Schmidt
14 Jul 22
Investment data
Top 50 of 292 long holdings End of quarter 30 Jun 22 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
---|---|---|---|---|
$120.72M | 470.03K | 463.59K | +1.4 | |
$103.2M | 754.82K | 758.34K | -0.5 | |
$74.76M | 34.3K | 33.88K | +1.2 | |
$54.06M | 509K | 25.25K | +1916.1 | |
$51.62M | 381.93K | 385.21K | -0.9 | |
$48.04M | 2.63M | 2.62M | +0.5 | |
$48.02M | 112.69K | 108.29K | +4.1 | |
$43.25M | 384.07K | 371.6K | +3.4 | |
$41.14M | 416.66K | 416.46K | 0 | |
$39.2M | 457.67K | 440.01K | +4.0 | |
$36.72M | 255.38K | 252.53K | +1.1 | |
$36.68M | 67.52K | 66.51K | +1.5 | |
$35.98M | 75.19K | 84.65K | -11.2 | |
$34.06M | 66.32K | 65.67K | +1.0 | |
$32.53M | 523.83K | 522.39K | +0.3 | |
$31.69M | 178.52K | 178.44K | 0 | |
$30.56M | 403.05K | 405.43K | -0.6 | |
$29.07M | 47.73K | 47.1K | +1.4 | |
$28.05M | 58.99K | 57.79K | +2.1 | |
$27.94M | 314.05K | 315.26K | -0.4 | |
$27.83M | 166.99K | 166.67K | +0.2 | |
$26.36M | 100.05K | 99.86K | +0.2 | |
$25.93M | 274.12K | 276.51K | -0.9 | |
$24.99M | 103.9K | 103.46K | +0.4 | |
$24.06M | 283.98K | 288.87K | -1.7 | |
$23.77M | 87.07K | 87.94K | -1.0 | |
$23.73M | 163.93K | 161.77K | +1.3 | |
$23.59M | 95.55K | 94.45K | +1.2 | |
$23.17M | 132.63K | 133.06K | -0.3 | |
$22.05M | 58.44K | 57.4K | +1.8 | |
$21.3M | 132.07K | 131.18K | +0.7 | |
$20.9M | 60.24K | 55.73K | +8.1 | |
$20.59M | 81.23K | 82.03K | -1.0 | |
$19.75M | 62.59K | 62.11K | +0.8 | |
$19.31M | 272.94K | 272.74K | +0.1 | |
$19.01M | 302.14K | 302.36K | -0.1 | |
$18.92M | 88.7K | 89.25K | -0.6 | |
$17.89M | 69.81K | 12.21K | +471.7 | |
$17.8M | 99.57K | 101.49K | -1.9 | |
$17.55M | 139.28K | 141.06K | -1.3 | |
$17.36M | 88.13K | 82.04K | +7.4 | |
$17.18M | 327.65K | 324.1K | +1.1 | |
$17.14M | 157.75K | 156.54K | +0.8 | |
$16.08M | 176.42K | 178.89K | -1.4 | |
$16.01M | 427.92K | 432.37K | -1.0 | |
$15.74M | 401.19K | 397.24K | +1.0 | |
$15.61M | 418.82K | 418.13K | +0.2 | |
$15.2M | 119.97K | 122.45K | -2.0 | |
$15.07M | 194.5K | 189.52K | +2.6 | |
$14.62M | 189.86K | 197.44K | -3.8 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
28 Jul 22
20 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 867.07M | 867.07M | 867.07M | 867.07M | 867.07M | 867.07M |
Cash burn (monthly) | (no burn) | 75.44M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 127.22M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 739.86M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 9.8 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Aug 22 | Moral-Niles Christopher Del | Common Stock $0.01 Par Value | Other | Acquire J | No | No | 21.209 | 218.265 | 4.63K | 96,984.959 |
15 Aug 22 | DeWitt Angie | Common Stock $0.01 Par Value | Other | Acquire J | No | No | 21.209 | 29.008 | 615.24 | 23,769.059 |
15 Aug 22 | Kitowski Nicole M | Common Stock $0.01 Par Value | Other | Acquire J | No | No | 21.209 | 5.664 | 120.12 | 32,467.36 |
15 Aug 22 | Meinolf Michael | Common Stock $0.01 Par Value | Other | Acquire J | No | No | 21.209 | 79.958 | 1.7K | 28,514.057 |
15 Aug 22 | Tammy C. Stadler | Common Stock $0.01 Par Value | Other | Acquire J | No | No | 21.209 | 126.421 | 2.68K | 57,149.094 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 276 |
Opened positions | 35 |
Closed positions | 50 |
Increased positions | 120 |
Reduced positions | 76 |
13F shares | Current |
---|---|
Total value | 2.2B |
Total shares | 120.03M |
Total puts | 15.7K |
Total calls | 74.2K |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 18.14M | $331.16M |
Vanguard | 14.97M | $273.43M |
Dimensional Fund Advisors | 10.36M | $189.15M |
FMR | 9.74M | $177.91M |
STT State Street | 8.61M | $157.28M |
PZN Pzena Investment Management | 3.78M | $69.03M |
GS Goldman Sachs | 2.68M | $48.9M |
LSV Asset Management | 2.68M | $48.87M |
ASB Associated Banc-Corp. | 2.63M | $48.04M |
Geode Capital Management | 2.62M | $47.81M |
Financial report summary
?Risks
- The coronavirus (COVID-19) pandemic has resulted in significant deterioration and disruption in national and local economic conditions and record levels of unemployment, which may have a material impact on our business, financial condition or results of operations.
- Regulatory and governmental actions to mitigate the impact of the COVID-19 pandemic on borrowers could result in a material decline in our earnings.
- Changes in economic and political conditions could adversely affect our earnings, as our borrowers’ ability to repay loans and the value of the collateral securing our loans decline.
- Changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, may adversely impact our business, financial condition, and results of operations.
- Our allowance for credit losses may be insufficient.
- We are subject to lending concentration risks.
- CRE lending may expose us to increased lending risks.
- We depend on the accuracy and completeness of information furnished by and on behalf of our customers and counterparties.
- Lack of system integrity or credit quality related to funds settlement could result in a financial loss.
- We are subject to environmental liability risk associated with lending activities.
- Liquidity is essential to our businesses.
- We are subject to interest rate risk.
- The impact of interest rates on our mortgage banking business can have a significant impact on revenues.
- Changes in interest rates could reduce the value of our investment securities holdings.
- Changes in interest rates could also reduce the value of our residential mortgage-related securities and MSRs, which could negatively affect our earnings.
- The replacement of the LIBOR as a financial benchmark presents risks to the financial instruments originated or held by the Corporation.
- We rely on dividends from our subsidiaries for most of our revenue.
- We face significant operational risks due to the high volume and the high dollar value nature of transactions we process.
- Unauthorized disclosure of sensitive or confidential client or customer information, whether through a cyber-attack, other breach of our computer systems or otherwise, could severely harm our business.
- Information security risks for financial institutions like us continue to increase in part because of new technologies, the increased use of the internet and telecommunications technologies (including mobile devices and cloud computing) to conduct financial and other business transactions, political activism, and the increased sophistication and activities of organized crime, perpetrators of fraud, hackers, terrorists and others.
- From time to time, the Corporation engages in acquisitions, including acquisitions of depository institutions. The integration of core systems and processes for such transactions often occur after the closing, which may create elevated risk of cyber incidents.
- The potential for business interruption exists throughout our organization.
- Changes in the federal, state, or local tax laws may negatively impact our financial performance.
- Impairment of investment securities, goodwill, other intangible assets, or DTAs could require charges to earnings, which could result in a negative impact on our results of operations.
- Revenues from our investment management and asset servicing businesses are significant to our earnings.
- Climate change and related legislative and regulatory initiatives may result in operational changes and expenditures that could significantly impact our business.
- Severe weather, natural disasters, public health issues, acts of war or terrorism, and other external events could significantly impact our ability to conduct business.
- Our earnings are significantly affected by the fiscal and monetary policies of the federal government and its agencies.
- Our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively.
- We operate in a highly competitive industry and market area.
- Fiscal challenges facing the U.S. government could negatively impact financial markets which in turn could have an adverse effect on our financial position or results of operations.
- Consumers may decide not to use banks to complete their financial transactions.
- Our profitability depends significantly on economic conditions in the states within which we do business.
- The earnings of financial services companies are significantly affected by general business and economic conditions.
- New lines of business or new products and services may subject us to additional risk.
- Failure to keep pace with technological change could adversely affect our business.
- We may be adversely affected by risks associated with potential and completed acquisitions.
- Acquisitions may be delayed, impeded, or prohibited due to regulatory issues.
- We are subject to extensive government regulation and supervision.
- The Bank faces risks related to the adoption of future legislation and potential changes in federal regulatory agency leadership, policies, and priorities.
- Changes in requirements relating to the standard of conduct for broker-dealers under applicable federal and state law may adversely affect our business.
- The CFPB has reshaped the consumer financial laws through rulemaking and enforcement of the prohibitions against unfair, deceptive and abusive business practices. Compliance with any such change may impact the business operations of depository institutions offering consumer financial products or services, including the Bank.
- The Bank is periodically examined for mortgage-related issues, including mortgage loan and default services, fair lending, and mortgage banking.
- Fee revenues from overdraft protection programs constitute a significant portion of our noninterest income and may be subject to increased supervisory scrutiny.
- We are subject to examinations and challenges by tax authorities.
- We are subject to claims and litigation pertaining to fiduciary responsibility.
- We are a defendant in a variety of litigation and other actions, which may have a material adverse effect on our financial condition and results of operation.
- The Economic Growth Act did not eliminate many of the aspects of the Dodd-Frank Act that have increased our compliance costs, and remains subject to further rulemaking.
- Negative publicity could damage our reputation.
- Ethics or conflict of interest issues could damage our reputation.
- The price of our securities can be volatile.
- There may be future sales or other dilution of our equity, which may adversely affect the market price of our securities.
- We may reduce or eliminate dividends on our common stock.
- Common stock is equity and is subordinate to our existing and future indebtedness and preferred stock and effectively subordinated to all the indebtedness and other non-common equity claims against our subsidiaries.
- Our articles of incorporation, bylaws, and certain banking laws may have an anti-takeover effect.
- An investment in our common stock is not an insured deposit.
- An entity holding as little as a 5% interest in our outstanding common stock could, under certain circumstances, be subject to regulation as a "bank holding company."
- Our ability to originate residential mortgage loans for portfolio has been adversely affected by the increased competition resulting from the unprecedented involvement of the U.S. government and GSEs in the residential mortgage market.
- Changes in our accounting policies or in accounting standards could materially affect how we report our financial results.
- Our internal controls may be ineffective.
- We may not be able to attract and retain skilled people.
- Loss of key employees may disrupt relationships with certain customers.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
|
New words:
add, Dec, earlier, employment, heightened, inflationary, medium, outlook, output, repeated, repossessed, respond, swap, tapering, tightening
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
21 Jul 22
8-K
Associated Banc-Corp announces executive leadership appointments
15 Jun 22
8-K
Regulation FD Disclosure
23 May 22
8-K
Regulation FD Disclosure
11 May 22
8-K
Associated Announces Annual Meeting Results and Dividends
27 Apr 22
8-K
Results of Operations and Financial Condition
21 Apr 22
8-K
Regulation FD Disclosure
7 Mar 22
8-K
Departure of Directors or Certain Officers
27 Jan 22
8-K
Associated Banc-corp Announces Cfo Retirement and Transition Plan
21 Jan 22
8-K
Results of Operations and Financial Condition
20 Jan 22
Registration and prospectus
25-NSE
Exchange delisting
15 Sep 21
25-NSE
Exchange delisting
15 Jun 21
S-3ASR
Automatic shelf registration
8 Jun 21
8-A12B
Registration of securities on exchange
15 Jun 20
424B5
Prospectus supplement for primary offering
11 Jun 20
FWP
Free writing prospectus
9 Jun 20
424B3
Prospectus supplement
9 Jun 20
S-8
Registration of securities for employees
21 May 20
25-NSE
Exchange delisting
21 Nov 18
8-A12B
Registration of securities on exchange
26 Sep 18
Proxies
DEFA14A
Additional proxy soliciting materials
11 Mar 22
DEFA14A
Additional proxy soliciting materials
12 Mar 21
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEFA14A
Additional proxy soliciting materials
13 Mar 20
DEFA14A
Additional proxy soliciting materials
15 Mar 19
DEF 14A
Definitive proxy
15 Mar 19
DEFA14A
Additional proxy soliciting materials
26 Mar 18
Other
CERT
Certification of approval for exchange listing
15 Jun 20
CERT
Certification of approval for exchange listing
26 Sep 18
EFFECT
Notice of effectiveness
14 Sep 17
UPLOAD
Letter from SEC
14 Sep 17
CORRESP
Correspondence with SEC
12 Sep 17
CORRESP
Correspondence with SEC
5 Sep 17
UPLOAD
Letter from SEC
29 Aug 17
CORRESP
Correspondence with SEC
24 Jul 17
UPLOAD
Letter from SEC
28 Jun 17
CERTNYS
Certification of approval for NYSE listing
15 Sep 16
Ownership
4
ASSOCIATED BANC-CORP / John A. Utz ownership change
16 Aug 22
4
ASSOCIATED BANC-CORP / Tammy C. Stadler ownership change
16 Aug 22
4
ASSOCIATED BANC-CORP / Michael Meinolf ownership change
16 Aug 22
4
ASSOCIATED BANC-CORP / Nicole M Kitowski ownership change
16 Aug 22
4
ASSOCIATED BANC-CORP / Angie DeWitt ownership change
16 Aug 22
4
ASSOCIATED BANC-CORP / Moral-Niles Christopher Del ownership change
16 Aug 22
4
ASSOCIATED BANC-CORP / Michael Meinolf ownership change
10 Aug 22
13F-HR
Quarterly holdings report by institutional manager
10 Aug 22
4
ASSOCIATED BANC-CORP / JOHN B WILLIAMS ownership change
5 Aug 22
4
ASSOCIATED BANC-CORP / Derek S. Meyer ownership change
1 Aug 22
Transcripts
2022 Q2
Earnings call transcript
21 Jul 22
2021 Q1
Earnings call transcript
22 Apr 22
2021 Q4
Earnings call transcript
21 Jan 22
2021 Q3
Earnings call transcript
22 Oct 21
2021 Q2
Earnings call transcript
23 Jul 21
2021 Q1
Earnings call transcript
23 Apr 21
2020 Q4
Earnings call transcript
22 Jan 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
Reddit threads
Daily General Discussion and Advice Thread - August 02, 2022
2 Aug 22
Daily Discussion Thread - July 21st, 2022
21 Jul 22
Daily Discussion Thread - July 20th, 2022
20 Jul 22
Daily Discussion Thread - July 19th, 2022
19 Jul 22
Daily Discussion Thread - July 18th, 2022
18 Jul 22
White House considering sending gas rebate cards to Americans: report
17 Jun 22
Daily Discussion Thread - May 31st, 2022
31 May 22
Daily Discussion Thread - May 30th, 2022
30 May 22
Daily Discussion Thread - April 21st, 2022
21 Apr 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22