Associated Banc-Corp
In the published model solve dated 2026-Q2, anchored at $31.07, Associated Banc-Corp (ASB) is priced for 11.2% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Two thirds of Associated Banc-Corp's revenue comes from the Community, Consumer and Business line, at 62% against 38% for Corporate and Commercial Specialty, so the deposit-gathering side of the house carries the company and the commercial book rides on top of it. • Property secures a large part of what the bank lends against, and the annual filing is blunt about the consequence: ⟦because we have a significant amount of real estate loans, decreases in real estate values could adversely affect
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355 institutional managers reported holding ASB in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 51%. 62 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 7.4M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ASB's share count grew 8.6% over the past five years even with $15.13M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 14 years straight; the current rate is $0.93 a share annually. Cash returned over the past three years: $400.55M in dividends and $4.57M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ASB over the trailing three years: 2025: 1 buy totaling $300k. 32 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ASB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | -2.0% | -10.9% |
| 2023-10-27 | -6.1% | +33.1% |
| 2024-02-09 | -1.0% | +0.3% |
| 2024-05-01 | +1.1% | -4.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ASB's latest 8-K filings: 2026-09-02 (items 5.02, 8.01, 9.01); 2026-07-23 (items 2.02, 9.01); 2026-05-05 (items 7.01, 9.01); 2026-04-28 (items 5.07, 8.01, 9.01); 2026-04-23 (items 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.