Associated Banc-Corp
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, 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 syndi… Read more
Associated Banc-Corp (ASB) - Net Assets
Latest net assets as of December 2025: $4.98 Billion USD
Based on the latest financial reports, Associated Banc-Corp (ASB) has net assets worth $4.98 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($45.20 Billion) and total liabilities ($40.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.98 Billion |
| % of Total Assets | 11.01% |
| Annual Growth Rate | 10.75% |
| 5-Year Change | 23.62% |
| 10-Year Change | 60.95% |
| Growth Volatility | 24.84 |
Associated Banc-Corp - Net Assets Trend (1989–2025)
This chart illustrates how Associated Banc-Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Associated Banc-Corp (1989–2025)
The table below shows the annual net assets of Associated Banc-Corp from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.98 Billion | +8.03% |
| 2024-12-31 | $4.61 Billion | +10.34% |
| 2023-12-31 | $4.17 Billion | +3.95% |
| 2022-12-31 | $4.02 Billion | -0.23% |
| 2021-12-31 | $4.02 Billion | -1.62% |
| 2020-12-31 | $4.09 Billion | +4.30% |
| 2019-12-31 | $3.92 Billion | +3.74% |
| 2018-12-31 | $3.78 Billion | +16.79% |
| 2017-12-31 | $3.24 Billion | +4.73% |
| 2016-12-31 | $3.09 Billion | +5.25% |
| 2015-12-31 | $2.94 Billion | +4.89% |
| 2014-12-31 | $2.80 Billion | -3.15% |
| 2013-12-31 | $2.89 Billion | -1.54% |
| 2012-12-31 | $2.94 Billion | +2.46% |
| 2011-12-31 | $2.87 Billion | -9.28% |
| 2010-12-31 | $3.16 Billion | +15.34% |
| 2009-12-31 | $2.74 Billion | -4.79% |
| 2008-12-31 | $2.88 Billion | +23.47% |
| 2007-12-31 | $2.33 Billion | +3.75% |
| 2006-12-31 | $2.25 Billion | -3.42% |
| 2005-12-31 | $2.32 Billion | +15.25% |
| 2004-12-31 | $2.02 Billion | +31.83% |
| 2003-12-31 | $1.53 Billion | +20.29% |
| 2002-12-31 | $1.27 Billion | +18.85% |
| 2001-12-31 | $1.07 Billion | +10.50% |
| 2000-12-31 | $968.70 Million | +6.47% |
| 1999-12-31 | $909.80 Million | +3.54% |
| 1998-12-31 | $878.70 Million | +8.12% |
| 1997-12-31 | $812.70 Million | +1.13% |
| 1996-12-31 | $803.60 Million | +146.81% |
| 1995-12-31 | $325.60 Million | +18.57% |
| 1994-12-31 | $274.60 Million | +6.85% |
| 1993-12-31 | $257.00 Million | +15.82% |
| 1992-12-31 | $221.90 Million | +40.35% |
| 1991-12-31 | $158.10 Million | +14.07% |
| 1990-12-31 | $138.60 Million | +9.91% |
| 1989-12-31 | $126.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Associated Banc-Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4118.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.23 Billion | 64.85% |
| Common Stock | $4.78 Billion | 96.10% |
| Other Comprehensive Income | $-7.57 Million | -0.15% |
| Total Equity | $4.98 Billion | 100.00% |
Associated Banc-Corp Competitors by Market Cap
The table below lists competitors of Associated Banc-Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
St Joe Company
NYSE:JOE
|
$4.01 Billion |
|
Commercial International Bank Egypt SAE
OTCQX:CMGGF
|
$4.01 Billion |
|
Shanghai Zhangjiang Hi-Tech Park Development Co Ltd
SHG:600895
|
$4.01 Billion |
|
Keisei Electric Railway Co. Ltd.
PINK:KELRF
|
$4.01 Billion |
|
Onex Corp
PINK:ONEXF
|
$4.01 Billion |
|
ACI Worldwide Inc
NASDAQ:ACIW
|
$4.01 Billion |
|
Unite Group PLC
PINK:UTGPF
|
$4.01 Billion |
|
Haidilao International Holding Ltd
PINK:HDALF
|
$4.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Associated Banc-Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,605,561,000 to 4,975,347,000, a change of 369,786,000 (8.0%).
- Net income of 474,777,000 contributed positively to equity growth.
- Dividend payments of 155,773,000 reduced retained earnings.
- Share repurchases of 22,292,000 reduced equity.
- Other comprehensive income increased equity by 66,850,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $474.78 Million | +9.54% |
| Dividends Paid | $155.77 Million | -3.13% |
| Share Repurchases | $22.29 Million | -0.45% |
| Other Comprehensive Income | $66.85 Million | +1.34% |
| Other Changes | $6.22 Million | +0.13% |
| Total Change | $- | 8.03% |
Book Value vs Market Value Analysis
This analysis compares Associated Banc-Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.08x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $4.07 | $24.72 | x |
| 1990-12-31 | $4.46 | $24.72 | x |
| 1991-12-31 | $5.09 | $24.72 | x |
| 1992-12-31 | $4.98 | $24.72 | x |
| 1993-12-31 | $5.64 | $24.72 | x |
| 1994-12-31 | $5.81 | $24.72 | x |
| 1995-12-31 | $7.24 | $24.72 | x |
| 1996-12-31 | $16.06 | $24.72 | x |
| 1997-12-31 | $7.02 | $24.72 | x |
| 1998-12-31 | $7.59 | $24.72 | x |
| 1999-12-31 | $7.82 | $24.72 | x |
| 2000-12-31 | $8.58 | $24.72 | x |
| 2001-12-31 | $9.75 | $24.72 | x |
| 2002-12-31 | $11.23 | $24.72 | x |
| 2003-12-31 | $12.07 | $24.72 | x |
| 2004-12-31 | $17.54 | $24.72 | x |
| 2005-12-31 | $17.62 | $24.72 | x |
| 2006-12-31 | $16.87 | $24.72 | x |
| 2007-12-31 | $18.14 | $24.72 | x |
| 2008-12-31 | $22.49 | $24.72 | x |
| 2009-12-31 | $21.42 | $24.72 | x |
| 2010-12-31 | $18.45 | $24.72 | x |
| 2011-12-31 | $16.53 | $24.72 | x |
| 2012-12-31 | $17.04 | $24.72 | x |
| 2013-12-31 | $17.44 | $24.72 | x |
| 2014-12-31 | $17.69 | $24.72 | x |
| 2015-12-31 | $19.50 | $24.72 | x |
| 2016-12-31 | $20.61 | $24.72 | x |
| 2017-12-31 | $21.07 | $24.72 | x |
| 2018-12-31 | $22.28 | $24.72 | x |
| 2019-12-31 | $24.22 | $24.72 | x |
| 2020-12-31 | $26.63 | $24.72 | x |
| 2021-12-31 | $26.48 | $24.72 | x |
| 2022-12-31 | $26.68 | $24.72 | x |
| 2023-12-31 | $27.67 | $24.72 | x |
| 2024-12-31 | $30.03 | $24.72 | x |
| 2025-12-31 | $29.86 | $24.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Associated Banc-Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.31%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 9.09x
- Recent ROE (9.54%) is below the historical average (10.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 13.72% | 9.57% | 0.10x | 13.89x | $4.69 Million |
| 1990 | 13.85% | 10.07% | 0.10x | 13.49x | $5.34 Million |
| 1991 | 13.47% | 10.92% | 0.09x | 13.26x | $5.49 Million |
| 1992 | 14.24% | 12.38% | 0.09x | 12.99x | $9.41 Million |
| 1993 | 14.09% | 14.53% | 0.08x | 11.60x | $10.50 Million |
| 1994 | 14.71% | 15.61% | 0.08x | 11.96x | $12.94 Million |
| 1995 | 34.40% | 13.97% | 0.22x | 11.36x | $79.44 Million |
| 1996 | 13.32% | 12.62% | 0.08x | 12.60x | $26.64 Million |
| 1997 | 6.44% | 5.94% | 0.08x | 13.14x | $-28.97 Million |
| 1998 | 17.87% | 16.46% | 0.08x | 12.80x | $69.13 Million |
| 1999 | 18.12% | 16.81% | 0.08x | 13.76x | $73.92 Million |
| 2000 | 17.34% | 15.06% | 0.08x | 13.55x | $71.11 Million |
| 2001 | 16.77% | 16.68% | 0.08x | 12.71x | $72.48 Million |
| 2002 | 16.56% | 20.81% | 0.07x | 11.82x | $83.50 Million |
| 2003 | 16.96% | 23.48% | 0.06x | 11.31x | $93.81 Million |
| 2004 | 12.80% | 26.43% | 0.05x | 10.17x | $56.54 Million |
| 2005 | 13.77% | 23.11% | 0.06x | 9.51x | $87.66 Million |
| 2006 | 14.10% | 20.11% | 0.08x | 9.29x | $92.10 Million |
| 2007 | 12.27% | 17.63% | 0.08x | 9.27x | $52.78 Million |
| 2008 | 5.86% | 11.93% | 0.06x | 8.41x | $-119.20 Million |
| 2009 | -4.81% | -9.90% | 0.06x | 8.35x | $-405.72 Million |
| 2010 | -0.03% | -0.07% | 0.05x | 6.90x | $-316.74 Million |
| 2011 | 4.87% | 13.77% | 0.05x | 7.65x | $-146.88 Million |
| 2012 | 6.09% | 17.35% | 0.04x | 8.01x | $-114.67 Million |
| 2013 | 6.53% | 18.46% | 0.04x | 8.38x | $-100.44 Million |
| 2014 | 6.80% | 18.54% | 0.04x | 9.58x | $-89.52 Million |
| 2015 | 6.41% | 17.39% | 0.04x | 9.44x | $-105.42 Million |
| 2016 | 6.48% | 17.50% | 0.04x | 9.43x | $-108.86 Million |
| 2017 | 7.08% | 18.92% | 0.04x | 9.42x | $-94.48 Million |
| 2018 | 8.82% | 22.20% | 0.04x | 8.90x | $-44.53 Million |
| 2019 | 8.33% | 21.16% | 0.05x | 8.26x | $-65.42 Million |
| 2020 | 7.50% | 21.81% | 0.04x | 8.17x | $-102.32 Million |
| 2021 | 8.72% | 31.30% | 0.03x | 8.72x | $-51.49 Million |
| 2022 | 9.12% | 25.75% | 0.04x | 9.81x | $-35.43 Million |
| 2023 | 4.38% | 9.34% | 0.05x | 9.83x | $-234.44 Million |
| 2024 | 2.67% | 5.85% | 0.05x | 9.34x | $-337.41 Million |
| 2025 | 9.54% | 19.31% | 0.05x | 9.09x | $-22.76 Million |
Industry Comparison
This section compares Associated Banc-Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Associated Banc-Corp (ASB) | $4.98 Billion | 13.72% | 8.09x | $4.01 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |