ASB at a glance
ASSOCIATED BANC-CORP (ASB, SEC CIK 7789) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 22, 2026 and Form 4 insider filings as recently as September 18, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), ASSOCIATED BANC-CORP (ASB) reported revenue of $2.2 billion (up 2.4% from FY2024) and net income of $474.8 million. Diluted EPS was $2.77.
- As of June 30, 2026, 37 institutional investment managers tracked by SignalX reported holding ASSOCIATED BANC-CORP (ASB) shares worth $2.7 billion in 13F-HR filings.
- In the last 90 days, ASB insiders reported 0 open-market purchases ($0) and 10 open-market sales ($6.7M) on Form 4, a net sale of $6.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.2B
- +2.4% vs prior year
- Insiders · 90 days
- 0 buys · 10 sells
- Net −$6.7M
- 13F holders
- 37 funds
- $2.7B · +2 vs prior quarter
- Latest 8-K
- Sep 22, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Regional commercial bank providing lending, deposit, fiduciary, and risk management services to businesses, consumers, and municipalities
- Segment reorganization: Private wealth moved from Corporate and Commercial Specialty to Community, Consumer, and Business segment starting Q4 2024
- Net income $475M in 2025 up from $123M in 2024, driven by strong segment performance and reduced losses in Risk Management segment
- Total loans grew to $31.16B in 2025 from $29.77B in 2024, with risk management losses sharply reduced from -$541M to -$157M
- Board authorized $100M common stock repurchase program in early 2026, adding to existing repurchase authority
Risk Factors
- Legal risk from increased regulatory scrutiny on CRE lending by federal banking agencies, given $8.4B CRE loans at 27% of total portfolio
- Geopolitical risk from U.S. trade tariffs imposed since 2025 against Canada, Mexico, China negatively affecting customers' margins and debt servicing
- Operational risk of cyber-attacks, including sophisticated AI-enabled fraud, threatening sensitive client data and causing potential financial loss
- Competitive risk from alternative financing technologies disrupting traditional lending, unaddressed in text, with focus on elevated CRE lending competition
- Financial risk from $17.0B uninsured deposits (26.5% of total), heightening liquidity risk if rapid withdrawals occur during distress
Management Discussion & Analysis
- Revenue $1.49B total (net interest $1.2B + noninterest $286.4M), net interest income up 15% YoY (+$153.9M), noninterest income up $295.8M from -$9.4M in 2024
- Operating margin improved: efficiency ratio 56.29% vs 67.64% in 2024; net interest margin 3.03% vs 2.78% in 2024
- Best segment: Commercial and business loans; average loans up $892.7M (3%), commercial & industrial loans up $1.2B (from $10.6B to $11.8B)
- Worst segment: Residential mortgage loans down due to portfolio sale, loss on mortgage portfolio sale decreased by $123.4M to $7M loss in 2025
- Cash flow & capital: total assets up $2.2B (5%), FHLB advances up $1.4B (76%), subordinated notes matured ($243.4M), no detailed buyback/dividend capex figures disclosed
- Forward outlook: Management notes balance sheet repositioning benefits, expects continued capital markets activity, highlights risks from macroeconomic trends, with Moody’s baseline economic forecast guiding credit loss allowance
AI summary of the ASB 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue proxy net interest income $370.0M, up $70.0M YoY from $300.0M
- Net interest margin 3.17% vs 3.04% YoY; return on average assets 0.97% vs 1.03%
- Commercial loans best-performing line, $24.4B and 67% of loans; residential mortgages weakest, $6.8B and 19%
- Cash and due from banks $548.1M, down 5% from December 31, 2025; FHLB advances rose 40% to $4.6B
- American National acquisition drove growth; funding needs and elevated acquisition-related expenses remained headwinds
Risk Factors
- No material changes to risk factors from the 2025 Form 10-K
- Regulatory risk: share repurchases subject to required regulatory approvals and other limitations
- Capital-allocation risk: $213.9 million remained authorized for repurchases at June 30, 2026
- Equity-compensation dilution risk: 23,389 shares repurchased for tax-withholding settlements in the quarter
AI summary of the ASB 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- General Counsel and Corporate Secretary Randall J. Erickson retires October 13, 2026
- Attorney-Advisor transition role through January 4, 2027, supporting leadership continuity
Item 7.01: Regulation FD Disclosure
- Investor presentation furnished under Regulation FD for use in meetings with investors and analysts
- Exhibit 99.1 contains the substantive presentation materials and potential market-relevant disclosures
Item EX-99.1: Item EX-99.1
- General Counsel Randall J. Erickson retires October 13, 2026 after more than 14 years in the role
- Angela M.W. Kelley, 45, succeeds Erickson, bringing prior general counsel experience at PacWest Bancorp and NBT Bancorp
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Randall J. Erickson retiring October 13, 2026 after more than 14 years as executive vice president, general counsel and corporate secretary
- Advisory role through end of 2026 supporting legal and governance transition
Item 8.01: Other Events
- Angela M.W. Kelley, age 45, appointed Executive Vice President, General Counsel and Corporate Secretary
- Effective October 13, 2026, coinciding with Mr. Erickson’s retirement
AI summaries of ASB 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for ASB
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Ahern Patrick Edward | J | Sep 17, 2026 | 28,057 | - |
| Ahern Patrick Edward | J | Sep 17, 2026 | 28,057 | - |
| Greffin Judith P | A | Sep 15, 2026 | 102 | $30.32 |
| KAMERICK EILEEN A | A | Sep 15, 2026 | 345 | $30.32 |
| Haddad Michael J | A | Sep 15, 2026 | 36 | $30.32 |
| Jones-Tyson Rodney | A | Sep 15, 2026 | 36 | $30.32 |
| KAMERICK EILEEN A | A | Sep 15, 2026 | 36 | $30.32 |
| Ludgate Kristen M | A | Sep 15, 2026 | 36 | $30.32 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $2.0B | $2.1B | $2.2B | |
| Net Income | $183.0M | $123.1M | $474.8M | |
| Net Margin | 9.3% | 5.8% | 21.9% | |
| Balance Sheet | ||||
| Total Assets | $41.0B | $43.0B | $45.2B | |
| Equity | $4.2B | $4.6B | $5.0B | |
| ROE | 4.4% | 2.7% | 9.5% | |
| Per Share | ||||
| EPS | $1.13 | $0.72 | $2.77 | |
| Cash Flow | ||||
| Operating CF | $442.7M | $580.2M | $615.7M | |
Source: XBRL data in ASSOCIATED BANC-CORP (ASB)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate ASB share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 37 | $2.68B |
| Q1 2026 | 35 | $2.16B |
| Q4 2025 | 30 | $2.35B |
| Q3 2025 | 33 | $2.41B |
| Q2 2025 | 34 | $2.31B |
| Q1 2025 | 28 | $1.61B |
| Q4 2024 | 23 | $1.54B |
| Q3 2024 | 21 | $621.9M |
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- Citadel Advisors LLC−1.27M (-42%)
- Vanguard Portfolio Management LLC−514.1K (-5%)
- Vanguard Capital Management LLC−451.4K (-6%)
- Bridgewater Associates LP−179.8K (-43%)
- Goldman Sachs Group−172.4K (-7%)
- Raymond James Financial+23.3K
- M&T Bank+18.4K
- Citizens Financial Group+7.4K
- Mangrove Partners−27.7K
Source: 13F-HR filings on SEC EDGAR (aggregated from 241 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
ASB filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 22, 2026 | - | Analysis | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 8-K | Sep 14, 2026 | - | Analysis | - |
| 4 | Sep 4, 2026 | - | - | - |
| 8-K | Sep 2, 2026 | - | Analysis | - |
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ASB SEC filings: frequently asked questions
Are ASB insiders buying or selling?
In the last 90 days, ASSOCIATED BANC-CORP (ASB) officers, directors and 10% owners reported no open-market purchases and 10 open-market sales worth $6.7 million by 6 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold ASB stock?
As of June 30, 2026, the largest ASSOCIATED BANC-CORP (ASB) holders among the 13F filers tracked by SignalX were BlackRock ($715.9 million), Vanguard Portfolio Management LLC ($319.0 million), Dimensional Fund Advisors ($308.9 million), State Street Corp ($272.3 million), Vanguard Capital Management LLC ($205.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was ASB's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), ASSOCIATED BANC-CORP (ASB) reported revenue of $2.2 billion (up 2.4% from FY2024) and net income of $474.8 million. Diluted EPS was $2.77. The figures come from the XBRL data in the 10-K.
What are the main risks in ASB's latest 10-K?
In the 10-K filed February 12, 2026, ASSOCIATED BANC-CORP (ASB) flagged: Legal risk from increased regulatory scrutiny on CRE lending by federal banking agencies, given $8.4B CRE loans at 27% of total portfolio. Geopolitical risk from U.S. trade tariffs imposed since 2025 against Canada, Mexico, China negatively affecting customers' margins and debt servicing. (AI summary of the Risk Factors section.)
What did ASB report in its latest 8-K?
ASSOCIATED BANC-CORP (ASB) filed an 8-K on September 22, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). General Counsel and Corporate Secretary Randall J. Erickson retires October 13, 2026.
What are the latest ASB SEC filings?
ASSOCIATED BANC-CORP (ASB) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 22, 2026 and a Form 4 insider filing on September 18, 2026.
What is ASB's SEC CIK number?
ASSOCIATED BANC-CORP (ASB)'s SEC Central Index Key (CIK) is 7789. EDGAR lists every ASB filing under that number.
Ask anything about ASB
The research agent reads ASB's filings, financials, insider trades and 13F holders, then answers with sources.