Get an in-depth look at Associated Banc-Corp net worth and its financial performance. Discover key financial metrics, revenue streams, and asset breakdowns with insights from Ando Money.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Associated Banc-Corp |
| Full Name | Associated Banc-Corp |
| Traded as | ASB |
| ISIN | N/A |
| Founded | 1970 |
| Founders | The First National Bank of Neenah, Kellogg Citizens National Bank, Manitowoc Savings Bank |
| Country/Territory | United States |
| Headquarters | Green Bay, Wisconsin |
| Chief Executive Officer | Andy Harmening |
| Number of Employees | 4,200 |
| Market Cap | $3.69 billion |
| Total Assets | $50 billion |
| Total Equity | $4.2 billion (2023) |
| Revenue | $1.2 billion (2022) |
| Net Income | $183 million (2023) |
What is the Net Worth/ Market Cap Of Associated Banc-Corp in 2024?
The market cap of Associated Banc-Corp in 2024 stands at $3.69 billion.
When compared to other banks in the industry, such as Hancock Whitney Corporation with a market cap of $3.94 billion, Goldman Sachs at $143.97 billion, and American Express at $136.52 billion, it is evident that Associated Banc-Corp is a significant player in the regional banking sector.
However, it is smaller in scale compared to some of the more prominent banks in the USA. This context helps in understanding its position and market valuation in the broader financial landscape.
Associated Banc-Corp Financial Performance Overview
Associated Banc-Corp is a major player in the Midwest banking sector. With its headquarters in Green Bay, Wisconsin, the bank has a robust presence, operating over 220 branches and serving a wide range of customers.
As of the latest data, it manages assets worth $50 billion, making it a substantial entity in regional banking.
Analysis of Revenue Streams
The bank’s revenue streams are diversified, contributing to its stability and growth. It offers a mix of retail banking services, including savings and checking accounts, mortgages, and personal loans.
Commercial banking is another significant revenue source, providing businesses with loans, credit lines, and treasury management services. The bank is also active in commercial real estate lending, which includes financing for property development and investment.
Private banking and wealth management services cater to high-net-worth individuals, offering personalized financial planning, investment management, and trust services. Additionally, specialized financial services such as insurance and investment products further diversify its income.
Impact of Acquisitions
Over the years, Associated Banc-Corp has grown through strategic acquisitions, which have bolstered its financial standing.
Historical acquisitions include Ahmann & Martin Co., which expanded its risk and employee benefits consulting services, and the First National Bank of Staunton, enhancing its market reach.
These acquisitions not only increase its customer base but also introduce new revenue streams.
Breakdown of Assets and Liabilities
The bank’s total assets of $50 billion are distributed across various categories, including loans, securities, and cash reserves. It maintains a balanced asset portfolio, minimizing risks and ensuring liquidity.
On the liabilities side, the bank manages customer deposits, borrowings, and other financial obligations. This careful management ensures financial stability and operational efficiency.
Shareholder Equity and Investment Performance
Shareholder equity is a key indicator of the bank’s financial health. The bank has consistently worked to enhance shareholder value through prudent financial management and strategic investments.
Stock performance has been stable, reflecting investor confidence. The bank also maintains a dividend policy, providing regular payouts to shareholders, which is a testament to its financial health.
Financial Partnerships and Collaborations
The bank has forged valuable partnerships that enhance its market position.
It has been the official bank of the Green Bay Packers since 1919, a partnership that underscores its deep community roots.
Collaborations with entities like the Milwaukee Brewers and the University of Wisconsin-Madison Athletics have further strengthened its brand and market reach.
Risk Management and Financial Stability
Risk management is at the core of the bank’s operations. It employs robust credit risk management strategies to ensure the quality of its loan portfolio.
Regulatory compliance with entities like the FDIC and the Federal Reserve is strictly maintained, ensuring that the bank operates within legal and financial frameworks.
These measures help in mitigating risks and ensuring financial stability.
Future Financial Projections
Looking ahead, Associated Banc-Corp is poised for growth. Projections indicate steady revenue growth driven by expanding its service offerings and market presence.
The bank is investing in digital transformation to enhance customer experience and operational efficiency.
Market trends suggest a favorable environment for continued growth, making the future prospects for the bank promising.
FAQs about Associated Banc-Corp
What is the history of Associated Banc-Corp?
It began in 1861 with the Bank of Neenah in Wisconsin. It expanded through mergers and now operates over 230 locations with nearly $34 billion in assets.
What services does Associated Banc-Corp offer?
The bank provides personal and business banking, wealth management, and investment services. This includes checking and savings accounts, loans, credit cards, and digital banking tools.
How does digital banking work at Associated Bank?
Digital banking at Associated Bank offers online and mobile account management. Features include bill pay, transfers, account alerts, and mobile check deposit. Customers can also lock/unlock debit cards and use the virtual assistant Adie.
What are the core values of Associated Banc-Corp?
Core values include customer-centric services, community involvement, and sustainability. The bank emphasizes integrity, accountability, and excellence.
Where is Associated Banc-Corp headquartered?
The bank is headquartered in Green Bay, Wisconsin, managing a network across the Midwest.
How does Associated Banc-Corp support the community?
Community support includes CRA programs, grants, volunteerism, and sustainability efforts, aiming to improve local economic opportunities and quality of life.
What is the strategic focus of Associated Banc-Corp?
Strategic focus: Expanding digital services, growing customer deposits, and enhancing lending. The goal is to improve customer experience and operational efficiency.
How does the bank ensure financial security for its customers?
Financial security: Robust security measures include encryption, multi-factor authentication, and continuous monitoring. Resources and tools are available for fraud protection.
Conclusion
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