Associated Banc (NYSE:ASB) Releases Earnings Results

Posted by Geri Gentry on Jul 23rd, 2026

Associated Banc (NYSE:ASB – Get Free Report) posted its quarterly earnings results on Thursday. The bank reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01, FiscalAI reports. The company had revenue of $450.44 million for the quarter, compared to the consensus estimate of $438.01 million. Associated Banc had a net margin of 19.88% and a return on equity of 10.46%.

Associated Banc Price Performance

Shares of ASB stock traded down $0.42 during mid-day trading on Thursday, hitting $30.28. 2,968,731 shares of the stock traded hands, compared to its average volume of 2,268,089. Associated Banc has a twelve month low of $23.63 and a twelve month high of $31.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.90 and a current ratio of 0.90. The company’s 50-day simple moving average is $29.33 and its 200-day simple moving average is $27.76. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76.

Associated Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, June 1st. Associated Banc’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

ASB has been the topic of several recent research reports. Truist Financial raised their price target on Associated Banc from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Raymond James Financial upped their price objective on Associated Banc from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods raised their target price on Associated Banc from $30.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Robert W. Baird boosted their price target on shares of Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Wall Street Zen lowered shares of Associated Banc from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Get Our Latest Stock Analysis on ASB

Insider Transactions at Associated Banc

In related news, EVP Matthew R. Braeger sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $28.17, for a total transaction of $140,850.00. Following the completion of the transaction, the executive vice president owned 11,777 shares of the company’s stock, valued at $331,758.09. This trade represents a 29.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dennis Deloye sold 14,299 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $28.26, for a total transaction of $404,089.74. Following the completion of the sale, the executive vice president owned 21,385 shares in the company, valued at approximately $604,340.10. This trade represents a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 28,299 shares of company stock worth $801,760. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Associated Banc

A number of institutional investors and hedge funds have recently modified their holdings of ASB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Associated Banc by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,570 shares of the bank’s stock worth $2,198,000 after acquiring an additional 5,531 shares in the last quarter. Millennium Management LLC boosted its stake in Associated Banc by 90.4% in the 1st quarter. Millennium Management LLC now owns 287,890 shares of the bank’s stock worth $6,486,000 after purchasing an additional 136,648 shares during the period. Goldman Sachs Group Inc. raised its stake in Associated Banc by 139.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,748,667 shares of the bank’s stock valued at $61,927,000 after purchasing an additional 1,598,951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Associated Banc by 13.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 496,392 shares of the bank’s stock valued at $11,184,000 after purchasing an additional 60,758 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Associated Banc in the second quarter valued at $328,000. 82.98% of the stock is owned by institutional investors and hedge funds.

Associated Banc Company Profile

(Get Free Report)

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.