Associated Banc-CorpFRA:AB5 -4.51%64 Return-on-Tangible-Equity is 12.76% as of Mar. 2026, which is 8% above its 10-year median of 11.80. GuruFocus rates FRA:AB5 with a GF Score™ of 64/100 and a GF Value™ of €25.11 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,521 Banks companies, Associated Banc-Corp ranks better than 64.69% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Associated Banc-Corp's annualized net income for the quarter that ended in Mar. 2026 was €414 Mil. Associated Banc-Corp's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €3,243 Mil. Therefore, Associated Banc-Corp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.76%.
The historical rank and industry rank for Associated Banc-Corp's Return-on-Tangible-Equity or its related term are showing as below:
FRA:AB5'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.89 Med: 11.8 Max: 14.33
Current: 13.52
During the past 13 years, Associated Banc-Corp's highest Return-on-Tangible-Equity was 14.33%. The lowest was 3.89%. And the median was 11.80%.
FRA:AB5's Return-on-Tangible-Equity is ranked better than 64.69% of 1521
companies
in the Banks industry
Industry Median: 11.19
vs FRA:AB5: 13.52
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Associated Banc-Corp Return-on-Tangible-Equity Related Terms
Associated Banc-Corp Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Associated Banc-Corp's Return-on-Tangible-Equity 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-Equity Comparison
For the Banks - Regional subindustry, Associated Banc-Corp's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Associated Banc-Corp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Associated Banc-Corp's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.76% mean?
Associated Banc-Corp (FRA:AB5) has a Return-on-Tangible-Equity of 12.76% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Associated Banc-Corp and its competitors. This is near median its historical median of 11.80. Over the past decade, Associated Banc-Corp's Return-on-Tangible-Equity has ranged from 3.89 to 14.33. According to the industry distribution chart, Associated Banc-Corp ranks #537 out of 1521 companies in the Banks industry, placing it in the top 35.3%.
Is Associated Banc-Corp's Return-on-Tangible-Equity too high?
Associated Banc-Corp's current Return-on-Tangible-Equity of 12.76% is near median its 10-year median of 11.80. Over the past 10 years, this metric has ranged from a low of 3.89 to a high of 14.33. The Banks industry median Return-on-Tangible-Equity is 11.19. Associated Banc-Corp's value of 12.76% is 14% above this industry median. Based on the distribution chart, Associated Banc-Corp ranks #537 out of 1521 companies in the Banks industry, which is above the industry midpoint. Overall, Associated Banc-Corp has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated Banc-Corp's Return-on-Tangible-Equity compare to HOMB and AUB?
According to the Banks industry distribution chart, Associated Banc-Corp ranks #537 out of 1521 companies for Return-on-Tangible-Equity. This puts Associated Banc-Corp in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.19. Associated Banc-Corp's value of 12.76% is 14% above this benchmark. Historically, Associated Banc-Corp's own Return-on-Tangible-Equity has ranged from 3.89 to 14.33 over the past decade. While the company's 10-year median is 11.80 vs. the industry median of 11.19, 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-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.19, based on 1,521 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 12.76% is 14% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Associated Banc-Corp and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.19 — 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-Equity is 12.76%, which is near median its own 10-year median of 11.80. 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 €25.11, compared to a current price of €25.40 — trading 1.2% above its estimated fair value. The current Return-on-Tangible-Equity is 12.76%, which is near median its 10-year median of 11.80 and 14% above the Banks industry median of 11.19. Associated Banc-Corp's overall GF Score™ is 64/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Associated Banc-Corp (FRA:AB5), the current Return-on-Tangible-Equity is 12.76% 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 €25.40 is trading 1.2% above its estimated GF Value™ of €25.11.
GuruFocus considers Associated Banc-Corp to be Fairly Valued.
Key valuation signals for FRA:AB5:
Return-on-Tangible-Equity: 12.76% (near median its 10-year median of 11.80)
GF Value™: €25.11 vs. price of €25.40 (1.2% above fair value)
Industry Position: 14% above the Banks median (#537 of 1521)
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.
64GF Score
Get the complete analysis for FRA:AB5
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:AB5 has been successfully added to your 
