Associated Banc-Corp (ASB) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2631,6728636424741,032602
Cash and cash equivalents9811,5117166424741,032602
Short-term investments282161147    
Total current assets:1,2631,6728636424741,032602
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset45
Property, plant and equipment435363331330268275271
Intangible assets, net (including goodwill)1,2651,2459929879859971,004
Goodwill1,1761,169976972969929929
Intangible assets, net (excluding goodwill)88761615166874
Total noncurrent assets:1,7471,6081,3231,3181,2531,2711,275
Other undisclosed assets29,37630,36728,29827,17925,98824,51822,350
TOTAL ASSETS:32,38633,64830,48429,13927,71526,82224,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4651576761,0928341,068741
Total current liabilities:4651576761,0928341,068741
Noncurrent Liabilities
Other undisclosed liabilities27,99929,71026,57024,95623,94322,95320,595
Total liabilities:28,46429,86727,24626,04824,77824,02221,336
Stockholders' equity
Stockholders' equity attributable to parent, including:3,9223,7813,2373,0912,9372,8002,891
Common stock2222222
Treasury stock, value(400)(247)(135)(171)(205)(239)(159)
Additional paid in capital1,7161,7131,4541,4591,4591,4851,618
Accumulated other comprehensive loss(33)(125)(63)(55)(33)(5)(24)
Retained earnings2,3812,1811,8191,6961,5931,4981,393
Other undisclosed stockholders' equity attributable to parent2572571601601216062
Other undisclosed stockholders' equity(0)      
Total stockholders' equity:3,9223,7813,2373,0912,9372,8002,891
TOTAL LIABILITIES AND EQUITY:32,38633,64830,48429,13927,71526,82224,227

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,2161,2351,0741,0601,005971959
Net investment income1,1731,154887792754  
Financial services revenue215210256105
Cost of revenue(16)(10)(26)(70)(38)(13)(10)
Provision for loan, lease, and other losses(16) 
Amortization of mortgage servicing rights (msrs) (10)   1115
Financial services costs(26)(70)(38)(13)(10)
Gross profit:1,2001,2261,048990967958949
Operating expenses(184)(163)(566)(555)(552)(467)(470)
Other operating income, net
(Noninterest Income, Other Operating Income)
     79
Operating income:1,0161,063482436415499487
Nonoperating income (expense)     14(2)
Investment income, nonoperating     01
Bank owned life insurance income     1412
Mortgage servicing rights (msr) impairment (recovery)     0(15)
Interest and debt expense(337)(275)(145)(84)(77)(56)(63)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(273)(375)2(64)(68)(181)(154)
Income from continuing operations before income taxes:407413339288270276268
Income tax expense(80)(80)(110)(87)(81)(86)(79)
Net income:327334229200188191189
Other undisclosed net income (loss) attributable to parent0(0)     
Net income attributable to parent:327334229200188191189
Preferred stock dividends and other adjustments(15)(11)(9)(9)(7)(5)(5)
Other undisclosed net income (loss) available to common stockholders, basic(0)0     
Net income available to common stockholders, diluted:312323220191181186184

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:327334229200188191189
Other comprehensive income (loss)92(62)(8)(22)(28)19(73)
Comprehensive income:419271221178161210116
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)     
Comprehensive income, net of tax, attributable to parent:419271221178161210116

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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