ASSOCIATED BANC-CORP
ASBNYSEFinancials · State Commercial Banks · WI · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | $1.10B | $1.24B | $1.06B | $1.28B |
| Operating income | — | — | — | — | — | — |
| Net income | $474.8M | $123.1M | $183.0M | $366.1M | $351.0M | $306.8M |
| Total assets | $45.20B | $43.02B | $41.02B | $39.41B | $35.10B | $33.42B |
| Total liabilities | $40.23B | $38.42B | $36.84B | $35.39B | $31.08B | $29.33B |
| Equity | $4.98B | $4.61B | $4.17B | $4.02B | $4.02B | $4.09B |
| EPS (diluted) | $2.77 | $0.72 | $1.13 | $2.34 | $2.18 | $1.86 |
| Shares out. | 166.2M | 151.1M | 150.5M | 149.6M | 152.8M | 156.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- 9.5%
- Return on assets
- 1.1%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 89.0%
- Debt / equity
- 8.09×
- Book value / share
- $29.93
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 285.5%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −0.3%clean
- Piotroski F-Score
- 5/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 2 good- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Fmr LlcPassive (13G)May 6, 2026
- Vanguard Capital Management LlcPassive (13G)Apr 29, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 28, 2026
- Lozier Dianne S.Passive (13G)Apr 6, 2026
- Kotouc Wende LActivist (13D)Apr 6, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- State Street CorpPassive (13G)Aug 11, 2025
- Dimensional Fund Advisors LpPassive (13G)Apr 15, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Deloye DennisOfficer — Executive Vice President | May 26, 2026 | Option exercise | 5,000 | $24.70 |
| Zandpour Steven S.Officer — EVP | May 15, 2026 | J | 88.425 | $27.31 |
| Williams Terry LynnOfficer — Chief Information Officer | May 15, 2026 | J | 83.96 | $27.31 |
| Utz John A.Officer — Executive Vice President | May 15, 2026 | J | 49.35 | $27.31 |
| Manso JulioOfficer — EVP, CHRO | May 15, 2026 | J | 30.213 | $27.31 |
| Kitowski Nicole MOfficer — Executive Vice President | May 15, 2026 | J | 27.663 | $27.31 |
| Hladio Jayne COfficer — EVP, President Private Wealth | May 15, 2026 | J | 14.177 | $27.31 |
| Erickson Randall J.Officer — Executive Vice President | May 1, 2026 | Sell | 2,000 | $28.30 |
| Williams John BDirector | Apr 28, 2026 | Sell | 4,000 | $28.18 |
| Zandpour Steven S.Officer — EVP | Apr 15, 2026 | J | 87.824 | $27.49 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 7.5M | 4.3 | +4.9% |
| Apr 30, 2026 | 7.1M | 3.1 | +16.9% |
| Apr 15, 2026 | 6.1M | 2.8 | -1.9% |
| Mar 31, 2026 | 6.2M | 2.4 | -2.4% |
| Mar 13, 2026 | 6.4M | 2.3 | +0.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Regulation FD disclosureMay 5, 2026
- Shareholder vote · Other material eventApr 28, 2026
- Unregistered equity sale · Director / officer change · Other material eventApr 1, 2026
- Regulation FD disclosureMar 12, 2026
- Regulation FD disclosureFeb 9, 2026
- Results of operationsJan 22, 2026
- Regulation FD disclosureDec 5, 2025
- Entered a material agreement · Unregistered equity saleDec 4, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4PRIMARY DOCUMENTMay 27, 2026
- 144May 26, 2026
- 4PRIMARY DOCUMENTMay 18, 2026
- 4PRIMARY DOCUMENTMay 18, 2026
- 4PRIMARY DOCUMENTMay 18, 2026
- 4PRIMARY DOCUMENTMay 18, 2026
- 4PRIMARY DOCUMENTMay 18, 2026
- 4PRIMARY DOCUMENTMay 18, 2026
- SCHEDULE 13G/AMay 6, 2026
- 4PRIMARY DOCUMENTMay 5, 2026
- 8-KMay 5, 2026
- 144May 4, 2026
- 13F-HRMay 1, 2026
- 144May 1, 2026
- 144Apr 30, 2026