# Associated Banc-Corp (ASBA)

> Source: Nexqual · https://nexqual.com/ASBA · data as of 2026-10-15 19:49 UTC · cite as "Nexqual, Associated Banc-Corp (ASBA), nexqual.com/ASBA" · informational, not investment advice.

**Price:** USD 24.96 (-0.15% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 25 · day 24.94–24.99 · 52w 23.9–25.37 · market cap null · NYQ

## Key facts
- Total return with dividends: 1Y +8.4% vs S&P 500 +18.1%; 5Y +27.9% vs S&P 500 +85.1%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.06B | $1.24B | $1.10B | — | — | — |
| Net income | $351M | $366M | $183M | $123M | $475M | $505M |
| EPS (diluted) | $2.18 | $2.34 | $1.13 | $0.72 | $2.77 | — |
| Net margin | 33.2% | 29.5% | 16.6% | — | — | — |
| Revenue growth | -17.1% | +17.1% | -11.0% | — | — | — |
| Cash + short-term investments | $1.03B | $621M | $924M | $1.02B | $1.72B | — |
| Total debt | $604M | $854M | $868M | $1.31B | $902M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 8.7x, Dec 2024 30.8x, Dec 2023 18.0x.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2023-02-27) |
|---|---|---|
| Total return | +8.4% | +27.9% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +8.4% | +7.0% |
| Volatility (annualized) | 6.8% | 20.0% |
| Max drawdown | -2.7% (May 2026→Jun 2026) | -22.6% (Feb 2023→May 2023) |

## Peers
APOS (Apollo Global Management, Inc. ) USD 25.26 -0.92% · AQNB (Algonquin Power & Utilities Cor) USD 25.63 -0.39% · ATHS (Athene Holding Ltd. 7.250% Fixe) USD 23.75 +0.42% · AIZN (Assurant, Inc. 5.25% Subordinat) USD 17.18 -0.35% · AFGD (American Financial Group, Inc. ) USD 21.55 -3.88%

## More
Full page: https://nexqual.com/ASBA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt