Associated Banc-Corp (ASB) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8761,3241,7301,2631,672863
Cash and cash equivalents 5941,0261,4319811,511716
Short-term investments283299299282161147
Total current assets:8761,3241,7301,2631,672863
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 012
Operating lease, right-of-use asset  3245
Property, plant and equipment377385419435363331
Intangible assets, net (including goodwill)1,1541,1631,1781,2651,245992
Goodwill1,1051,1051,1091,1761,169976
Intangible assets, net (excluding goodwill)495868887616
Total noncurrent assets:1,5311,5481,6291,7471,6081,323
Other undisclosed assets36,99832,23230,06029,37630,36728,298
TOTAL ASSETS:39,40635,10433,42032,38633,64830,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt606354252465157676
Total current liabilities:606354252465157676
Noncurrent Liabilities
Other undisclosed liabilities34,78430,72529,07727,99929,71026,570
Total liabilities:35,39031,07929,32928,46429,86727,246
Equity
Equity, attributable to parent, including:4,0154,0254,0913,9223,7813,237
Common stock222222
Treasury stock, value(525)(546)(456)(400)(247)(135)
Additional paid in capital1,7131,7141,7201,7161,7131,454
Accumulated other comprehensive income (loss)(273)(10)13(33)(125)(63)
Retained earnings2,9052,6732,4592,3812,1811,819
Other undisclosed equity, attributable to parent194193354257257160
Other undisclosed equity  0 (0)  
Total equity:4,0154,0254,0913,9223,7813,237
TOTAL LIABILITIES AND EQUITY:39,40635,10433,42032,38633,64830,484

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,2401,0581,2771,2161,2351,074
Net investment income1,1457989131,1731,154887
Financial services revenue215
Cost of revenue(33) (174)(16)(10)(26)
Provision for loan, lease, and other losses(33) (174)(16) 
Amortization of mortgage servicing rights (msrs)     (10) 
Financial services costs(26)
Gross profit:1,2071,0581,1031,2001,2261,048
Operating expenses(203)(175)(174)(184)(163)(566)
Operating income:1,0048839291,0161,063482
Interest and debt expense(188)(72)(150)(337)(275)(145)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(356)(374)(452)(273)(375)2
Income from continuing operations before income taxes:460436327407413339
Income tax expense(94)(85)(20)(80)(80)(110)
Income from continuing operations:366351307327334229
Income before gain (loss) on sale of properties:351307327334229
Net income:366351307327334229
Other undisclosed net income (loss) attributable to parent   (0)0(0) 
Net income attributable to parent:366351307327334229
Preferred stock dividends and other adjustments(12)(17)(18)(15)(11)(9)
Other undisclosed net income (loss) available to common stockholders, basic    (0)0 
Net income available to common stockholders, diluted:355334288312323220

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:366351307327334229
Other comprehensive income (loss)(262)(23)4692(62)(8)
Comprehensive income:104328353419271221
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (0)0(0) 
Comprehensive income, net of tax, attributable to parent:104328353419271221

Statements Sources

The financial statements are based on the Company's filings with 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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