Associated Banc-Corp (ASB)

Associated Banc-Corp (ASB) is the largest bank holding company headquartered in Wisconsin and a leading Midwest financial services provider. Led by President and CEO Andy Harmening, Associated’s strategic mission is to "be the most customer-centric bank in the Midwest, delivering industry-leading products with a local touch." The company holds a dominant industry position, ranking as a top-10 bank by deposit share in the Minneapolis and Milwaukee MSAs, and now the #2 bank in Omaha following its late-2025 acquisition of American National Corporation. The company’s vision is to leverage its scale to provide sophisticated digital solutions while maintaining the personalized service of a community bank. In late 2025, ASB stock has seen strong momentum, with the ASB stock price reflecting record net interest income of $305 million in Q3 and a strategic $604 million merger that significantly expands its geographic footprint.

The business operations of Associated Banc-Corp are diversified across Commercial and Business Banking, Consumer and Community Banking, and Wealth Management and Institutional Services. In fiscal 2025, the company successfully executed its "Strategic Growth Investment" plan, which resulted in 16% year-over-year growth in net interest income. A primary growth driver is the "Midwest Consolidation Strategy," exemplified by the acquisition of American National, which adds $4.4 billion in assets and a high-quality commercial lending team in Nebraska. The 2026 strategic roadmap focuses on "Digital Transformation 2.0," upgrading its mobile banking platform to increase "Core Customer Deposits," which reached $28.9 billion in late 2025. Associated holds a "Market Share Moat" in Wisconsin and Illinois, where its dense branch network provides a competitive advantage in gathering low-cost deposits. By maintaining a disciplined credit culture—with net charge-offs at just 0.17%—the bank has built a fortress balance sheet capable of supporting aggressive expansion into the Twin Cities and Omaha markets.

Associated Banc-Corp (ASB) is listed on the New York Stock Exchange (NYSE). For investors researching ASB stock, the company’s book value per share of $28.17 and its consistent dividend yield are primary attractions. The ASB stock price is often seen as a bellwether for the Midwest economy, sensitive to regional industrial activity and agricultural cycles. For those monitoring ASB stock, the successful integration of American National and the achievement of its 2026 NIM targets will be the primary catalysts for further valuation expansion. With total assets now exceeding $44 billion, ASB stock is a premier choice for investors seeking a high-quality regional bank with a clear path to becoming a super-regional player.