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Associated Banc-CorpFRA:AB5 68 Return-on-Tangible-Asset is 1.09% as of Mar. 2026, which is 9% above its 10-year median of 1.00. GuruFocus rates FRA:AB5 with a GF Score™ of 68/100 and a GF Value™ of €25.49 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,523 Banks companies, Associated Banc-Corp ranks better than 59.62% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Associated Banc-Corp's annualizedNet Income for the quarter that ended in Mar. 2026 was €414 Mil. Associated Banc-Corp's average total tangible assets for the quarter that ended in Mar. 2026 was €37,978 Mil. Therefore, Associated Banc-Corp's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.09%.
The historical rank and industry rank for Associated Banc-Corp's Return-on-Tangible-Asset or its related term are showing as below:
FRA:AB5'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.3 Med: 1 Max: 1.14
Current: 1.14
During the past 13 years, Associated Banc-Corp's highest Return-on-Tangible-Asset was 1.14%. The lowest was 0.30%. And the median was 1.00%.
FRA:AB5's Return-on-Tangible-Asset is ranked better than 59.62% of 1523
companies
in the Banks industry
Industry Median: 0.99
vs FRA:AB5: 1.14
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Associated Banc-Corp Return-on-Tangible-Asset Related Terms
Associated Banc-Corp Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Associated Banc-Corp's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:AB5 vs HOMB, AUB, HWC: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Associated Banc-Corp's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Associated Banc-Corp Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Associated Banc-Corp's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Associated Banc-Corp's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.09% mean?
Associated Banc-Corp (FRA:AB5) has a Return-on-Tangible-Asset of 1.09% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Associated Banc-Corp and its competitors. This is near median its historical median of 1.00. Over the past decade, Associated Banc-Corp's Return-on-Tangible-Asset has ranged from 0.30 to 1.14. According to the industry distribution chart, Associated Banc-Corp ranks #615 out of 1523 companies in the Banks industry, placing it in the top 40.4%.
Is Associated Banc-Corp's Return-on-Tangible-Asset too high?
Associated Banc-Corp's current Return-on-Tangible-Asset of 1.09% is near median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.14. The Banks industry median Return-on-Tangible-Asset is 0.99. Associated Banc-Corp's value of 1.09% is 10.1% above this industry median. Based on the distribution chart, Associated Banc-Corp ranks #615 out of 1523 companies in the Banks industry, which is above the industry midpoint. Overall, Associated Banc-Corp has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated Banc-Corp's Return-on-Tangible-Asset compare to HOMB and AUB?
According to the Banks industry distribution chart, Associated Banc-Corp ranks #615 out of 1523 companies for Return-on-Tangible-Asset. This puts Associated Banc-Corp in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Associated Banc-Corp's value of 1.09% is 10.1% above this benchmark. Historically, Associated Banc-Corp's own Return-on-Tangible-Asset has ranged from 0.30 to 1.14 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.99, Associated Banc-Corp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,523 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Associated Banc-Corp's current Return-on-Tangible-Asset of 1.09% is 10.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Associated Banc-Corp and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Banc-Corp's current Return-on-Tangible-Asset is 1.09%, which is near median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Banc-Corp stock overvalued right now?
Based on GuruFocus' analysis, Associated Banc-Corp (FRA:AB5) is currently considered Fairly Valued. The stock's GF Value™ is €25.49, compared to a current price of €26.60 — trading 4.4% above its estimated fair value. The current Return-on-Tangible-Asset is 1.09%, which is near median its 10-year median of 1.00 and 10.1% above the Banks industry median of 0.99. Associated Banc-Corp's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Associated Banc-Corp (FRA:AB5), the current Return-on-Tangible-Asset is 1.09% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Associated Banc-Corp (FRA:AB5) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Banc-Corp stock appears to be overvalued.
The current stock price of €26.60 is trading 4.4% above its estimated GF Value™ of €25.49.
GuruFocus considers Associated Banc-Corp to be Fairly Valued.
Key valuation signals for FRA:AB5:
Return-on-Tangible-Asset: 1.09% (near median its 10-year median of 1.00)
GF Value™: €25.49 vs. price of €26.60 (4.4% above fair value)
Industry Position: 10.1% above the Banks median (#615 of 1523)
No single metric tells the full story. See the FRA:AB5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Banc-Corp is a bank holding company based in the United States of America. The company, through its subsidiaries, provides a broad array of banking and non-banking products and services to individuals and businesses. The group operates in three reportable segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty segment, which serves a wide range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as support to deliver, fund, and manage such banking solutions.
68GF Score
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