Associated Banc-Corp Net Assets
Associated Banc-Corp net assets. Based on the latest financial reports, Associated Banc-Corp (ASB) has net assets worth $5.64 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($51.81 Billion) and total liabilities ($46.17 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. Also explore net asset growth rate of Associated Banc-Corp to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.64 Billion |
| % of Total Assets | 10.88% |
| Annual Growth Rate | 10.75% |
| 5-Year Change | 23.62% |
| 10-Year Change | 60.95% |
| Growth Volatility | 24.84 |
Net Assets of Associated Banc-Corp (1989–2025)
Net assets of Associated Banc-Corp from 1989 to 2025. This chart illustrates how Associated Banc-Corp's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Associated Banc-Corp to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see Associated Banc-Corp market cap and net worth.
| 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.
Associated Banc-Corp Net Assets Breakdown (December 2025)
Associated Banc-Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.23 Billion | 64.85% |
| Common Stock | $1.89 Million | 0.04% |
| Other Comprehensive Income | $-7.57 Million | -0.15% |
| Other Components | $1.75 Billion | 35.26% |
| 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 |
|---|---|
|
Kalyan Jewellers India Limited
NSE:KALYANKJIL
|
$5.91 Billion |
|
United Integrated Services Co Ltd
TW:2404
|
$5.91 Billion |
|
ZALANDO SE UNSP.ADR /2
F:ZAL1
|
$5.91 Billion |
|
Mirum Pharmaceuticals Inc
NASDAQ:MIRM
|
$5.91 Billion |
|
SHISEIDO CO. ADR
F:SHDA
|
$5.90 Billion |
|
Covivio SA
PA:COV
|
$5.90 Billion |
|
RLI Corp
NYSE:RLI
|
$5.89 Billion |
|
Linde India Limited
NSE:LINDEINDIA
|
$5.89 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 167,273,000 reduced retained earnings.
- Share repurchases of 29,025,000 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 | $167.27 Million | -3.36% |
| Share Repurchases | $29.02 Million | -0.58% |
| Other Comprehensive Income | $66.85 Million | +1.34% |
| Other Changes | $24.46 Million | +0.49% |
| 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: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.71x to 1.05x 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 | $31.35 | x |
| 1990-12-31 | $4.46 | $31.35 | x |
| 1991-12-31 | $5.09 | $31.35 | x |
| 1992-12-31 | $4.98 | $31.35 | x |
| 1993-12-31 | $5.64 | $31.35 | x |
| 1994-12-31 | $5.81 | $31.35 | x |
| 1995-12-31 | $7.24 | $31.35 | x |
| 1996-12-31 | $16.06 | $31.35 | x |
| 1997-12-31 | $7.02 | $31.35 | x |
| 1998-12-31 | $7.59 | $31.35 | x |
| 1999-12-31 | $7.82 | $31.35 | x |
| 2000-12-31 | $8.58 | $31.35 | x |
| 2001-12-31 | $9.75 | $31.35 | x |
| 2002-12-31 | $11.23 | $31.35 | x |
| 2003-12-31 | $12.07 | $31.35 | x |
| 2004-12-31 | $17.54 | $31.35 | x |
| 2005-12-31 | $17.62 | $31.35 | x |
| 2006-12-31 | $16.87 | $31.35 | x |
| 2007-12-31 | $18.14 | $31.35 | x |
| 2008-12-31 | $22.49 | $31.35 | x |
| 2009-12-31 | $21.42 | $31.35 | x |
| 2010-12-31 | $18.45 | $31.35 | x |
| 2011-12-31 | $16.53 | $31.35 | x |
| 2012-12-31 | $17.04 | $31.35 | x |
| 2013-12-31 | $17.44 | $31.35 | x |
| 2014-12-31 | $17.69 | $31.35 | x |
| 2015-12-31 | $19.50 | $31.35 | x |
| 2016-12-31 | $20.61 | $31.35 | x |
| 2017-12-31 | $21.07 | $31.35 | x |
| 2018-12-31 | $22.28 | $31.35 | x |
| 2019-12-31 | $24.22 | $31.35 | x |
| 2020-12-31 | $26.63 | $31.35 | x |
| 2021-12-31 | $26.48 | $31.35 | x |
| 2022-12-31 | $26.68 | $31.35 | x |
| 2023-12-31 | $27.67 | $31.35 | x |
| 2024-12-31 | $30.03 | $31.35 | x |
| 2025-12-31 | $29.86 | $31.35 | 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: $242,731,333
- Average return on equity (ROE) among peers: 6.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Associated Banc-Corp (ASB) | $5.64 Billion | 13.72% | 8.19x | $5.91 Billion |
| Ameris Bancorp (ABCB) | $239.36 Million | -1.64% | 9.06x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $68.20 Million | 10.85% | 9.15x | $5.65 Billion |
| ACNB Corporation (ACNB) | $110.02 Million | 9.35% | 8.91x | $645.30 Million |
| Affinity Bancshares Inc (AFBI) | $45.08 Million | 2.57% | 4.16x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $359.40 Million | 14.66% | 8.44x | $829.34 Million |
| Amalgamated Bank (AMAL) | $344.07 Million | 1.78% | 10.75x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $753.45 Million | 5.71% | 10.20x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $166.38 Million | 13.18% | 10.80x | $724.09 Million |
| AmeriServ Financial Inc (ASRV) | $98.61 Million | 6.11% | 10.88x | $78.95 Million |
About 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, 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, loa… Read more