Associated Banc-Corp (ASB) financial statements (2022 and earlier)

Company profile

Business Address 433 MAIN STREET
GREEN BAY, WI 54301
State of Incorp. WI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3241,7301,2631,672863642474
Cash and cash equivalents1,0261,4319811,511716642474
Short-term investments299299282161147  
Total current assets:1,3241,7301,2631,672863642474
Noncurrent Assets
Finance lease, right-of-use asset012
Operating lease, right-of-use asset 3245
Property, plant and equipment385419435363331330268
Intangible assets, net (including goodwill)1,1631,1781,2651,245992987985
Goodwill1,1051,1091,1761,169976972969
Intangible assets, net (excluding goodwill)58688876161516
Total noncurrent assets:1,5481,6291,7471,6081,3231,3181,253
Other undisclosed assets32,23230,06029,37630,36728,29827,17925,988
TOTAL ASSETS:35,10433,42032,38633,64830,48429,13927,715
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3542524651576761,092834
Total current liabilities:3542524651576761,092834
Noncurrent Liabilities
Other undisclosed liabilities30,72529,07727,99929,71026,57024,95623,943
Total liabilities:31,07929,32928,46429,86727,24626,04824,778
Stockholders' equity
Stockholders' equity attributable to parent, including:4,0254,0913,9223,7813,2373,0912,937
Common stock2222222
Treasury stock, value(546)(456)(400)(247)(135)(171)(205)
Additional paid in capital1,7141,7201,7161,7131,4541,4591,459
Accumulated other comprehensive income (loss)(10)13(33)(125)(63)(55)(33)
Retained earnings2,6732,4592,3812,1811,8191,6961,593
Other undisclosed stockholders' equity attributable to parent193354257257160160121
Other undisclosed stockholders' equity0 (0)    
Total stockholders' equity:4,0254,0913,9223,7813,2373,0912,937
TOTAL LIABILITIES AND EQUITY:35,10433,42032,38633,64830,48429,13927,715

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,0581,2771,2161,2351,0741,0601,005
Net investment income7989131,1731,154887792754
Financial services revenue215210256
Cost of revenue (174)(16)(10)(26)(70)(38)
Provision for loan, lease, and other losses (174)(16) 
Amortization of mortgage servicing rights (msrs)   (10)   
Financial services costs(26)(70)(38)
Gross profit:1,0581,1031,2001,2261,048990967
Operating expenses(175)(174)(184)(163)(566)(555)(552)
Operating income:8839291,0161,063482436415
Interest and debt expense(72)(150)(337)(275)(145)(84)(77)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(374)(452)(273)(375)2(64)(68)
Income from continuing operations before income taxes:436327407413339288270
Income tax expense(85)(20)(80)(80)(110)(87)(81)
Net income:351307327334229200188
Other undisclosed net income (loss) attributable to parent (0)0(0)   
Net income attributable to parent:351307327334229200188
Preferred stock dividends and other adjustments(17)(18)(15)(11)(9)(9)(7)
Other undisclosed net income (loss) available to common stockholders, basic  (0)0   
Net income available to common stockholders, diluted:334288312323220191181

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:351307327334229200188
Other comprehensive income (loss)(23)4692(62)(8)(22)(28)
Comprehensive income:328353419271221178161
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)0(0)   
Comprehensive income, net of tax, attributable to parent:328353419271221178161

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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