Associated Banc-Corp (ASB) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7301,2631,6728636424741,032
Cash and cash equivalents1,4319811,5117166424741,032
Short-term investments299282161147   
Total current assets:1,7301,2631,6728636424741,032
Noncurrent Assets
Finance lease, right-of-use asset12
Operating lease, right-of-use asset3245
Property, plant and equipment419435363331330268275
Intangible assets, net (including goodwill)1,1781,2651,245992987985997
Goodwill1,1091,1761,169976972969929
Intangible assets, net (excluding goodwill)68887616151668
Total noncurrent assets:1,6291,7471,6081,3231,3181,2531,271
Other undisclosed assets30,06029,37630,36728,29827,17925,98824,518
TOTAL ASSETS:33,42032,38633,64830,48429,13927,71526,822
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2524651576761,0928341,068
Total current liabilities:2524651576761,0928341,068
Noncurrent Liabilities
Other undisclosed liabilities29,07727,99929,71026,57024,95623,94322,953
Total liabilities:29,32928,46429,86727,24626,04824,77824,022
Stockholders' equity
Stockholders' equity attributable to parent, including:4,0913,9223,7813,2373,0912,9372,800
Common stock2222222
Treasury stock, value(456)(400)(247)(135)(171)(205)(239)
Additional paid in capital1,7201,7161,7131,4541,4591,4591,485
Accumulated other comprehensive income (loss)13(33)(125)(63)(55)(33)(5)
Retained earnings2,4592,3812,1811,8191,6961,5931,498
Other undisclosed stockholders' equity attributable to parent35425725716016012160
Other undisclosed stockholders' equity (0)     
Total stockholders' equity:4,0913,9223,7813,2373,0912,9372,800
TOTAL LIABILITIES AND EQUITY:33,42032,38633,64830,48429,13927,71526,822

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,2771,2161,2351,0741,0601,005971
Net investment income9131,1731,154887792754 
Financial services revenue21521025610
Cost of revenue(174)(16)(10)(26)(70)(38)(13)
Provision for loan, lease, and other losses(174)(16) 
Amortization of mortgage servicing rights (msrs)  (10)   11
Financial services costs(26)(70)(38)(13)
Gross profit:1,1031,2001,2261,048990967958
Operating expenses(174)(184)(163)(566)(555)(552)(467)
Other operating income, net
(Noninterest Income, Other Operating Income)
      7
Operating income:9291,0161,063482436415499
Nonoperating income      14
Bank owned life insurance income      14
Interest and debt expense(150)(337)(275)(145)(84)(77)(56)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(452)(273)(375)2(64)(68)(181)
Income from continuing operations before income taxes:327407413339288270276
Income tax expense(20)(80)(80)(110)(87)(81)(86)
Net income:307327334229200188191
Other undisclosed net income (loss) attributable to parent(0)0(0)    
Net income attributable to parent:307327334229200188191
Preferred stock dividends and other adjustments(18)(15)(11)(9)(9)(7)(5)
Other undisclosed net income (loss) available to common stockholders, basic (0)0    
Net income available to common stockholders, diluted:288312323220191181186

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:307327334229200188191
Other comprehensive income (loss)4692(62)(8)(22)(28)19
Comprehensive income:353419271221178161210
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(0)    
Comprehensive income, net of tax, attributable to parent:353419271221178161210

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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