Associated Banc-Corp
ASB · NYSE
Company research
Associated Banc-Corp (NYSE: ASB) is the largest bank holding company headquartered in Wisconsin, with approximately $50 billion in total assets and a history dating back to 1861. Based in Green Bay, Wisconsin, and led by CEO Andrew J. Harmening, the company operates as a leading Midwest banking franchise with nearly 200 banking locations serving more than 100 communities across Wisconsin, Illinois, Minnesota, and Missouri, as well as loan production offices in Indiana, Kansas, Michigan, New York, Ohio, and Texas. The company offers a comprehensive suite of financial products and services, including commercial and retail lending, deposit and cash management solutions, commercial real estate financing, wealth management, fiduciary services, and specialized financial services such as interest rate risk management and foreign exchange solutions. Associated Banc-Corp organizes its operations into three reportable segments — Corporate and Commercial Specialty, Community Consumer and Business, and Risk Management and Shared Services — generating the majority of its revenue through net interest income from its diversified banking activities.
Research reports
Focuses on ASB’s appeal to dividend-focused investors, highlighting a forward yield around 3.25%, a conservative ~33% payout ratio, and a five-year dividend growth rate near 5.7% as support for sustainable income. The article notes moderate expected EPS growth, renewed institutional accumulation of the shares, and frames interest-rate and regional-bank sentiment as the main risks to total return despite a generally positive income profile.
Flash (StockSentinel “Flash” Research) · June 29, 2026Associated Banc-Corp (ASB) Research ReportProvides a full-length investment analysis positioning ASB as a disciplined Midwestern franchise with pro forma ~$50 billion in assets following the American National acquisition, driven by relationship-based commercial lending funded by granular core deposits. The report outlines base, bull, and bear cases with moderate long-term upside, emphasizes capital return discipline and commercial growth, and flags key risks around interest-rate cycles, deposit pricing competition, and integration execution for the American National deal.
Investing.com · May 17, 2026Associated Banc-Corp’s SWOT analysis: midcap bank stock eyes M&APresents a SWOT-style analyst article arguing ASB is undervalued versus larger banks, trading near a P/E of ~9.5 with improving fundamentals, stronger commercial growth, expanding fee income, slowing expense growth, and a dividend track record of 14 consecutive annual increases. It highlights potential upside from sector M&A (as acquirer or target) and earnings upgrades for 2026–2027, while acknowledging near-term revenue-growth pressure, weakness in non-C&I lending, and intensifying competition from larger banks as key constraints.
Zacks Investment Research · January 12, 2026Zacks Equity Research Report for ASBA professionally formatted equity research report that rates ASB “Neutral” with a 6–12 month price target of $27.75, noting that shares have outperformed the industry, loan and deposit growth remain solid, and an asset-sensitive balance sheet plus stabilizing funding costs should support net interest income and margins. Zacks expects NII to grow at a ~6.9% CAGR through 2027 and highlights strategic expansion, digital investments, and capital return as positives, but flags persistently elevated expenses, weakening asset quality, and heavy commercial-loan exposure as key risks limiting upside.