ASSOCIATED BANC-CORP Earnings Per Share Disclosure
| For the Years Ended December 31, | |||||||||||
| (in thousands, except per share data) | 2025 | 2024 | 2023 | ||||||||
| Net income | $ | 474,777 | $ | 123,145 | $ | 182,956 | |||||
| Preferred stock dividends | (11,500) | (11,500) | (11,500) | ||||||||
| Net income available to common equity | $ | 463,277 | $ | 111,645 | $ | 171,456 | |||||
| Common shareholder dividends | $ | (154,993) | $ | (138,508) | $ | (128,748) | |||||
| Unvested share-based payment awards | (780) | (689) | (785) | ||||||||
| Undistributed earnings | $ | 307,504 | $ | (27,552) | $ | 41,922 | |||||
| Undistributed earnings allocated to common shareholders | $ | 306,008 | $ | (27,552) | $ | 41,675 | |||||
| Undistributed earnings allocated to unvested share-based payment awards | 1,496 | — | 247 | ||||||||
| Undistributed earnings | $ | 307,504 | $ | (27,552) | $ | 41,922 | |||||
| Basic | |||||||||||
| Distributed earnings to common shareholders | $ | 154,993 | $ | 138,508 | $ | 128,748 | |||||
| Undistributed earnings allocated to common shareholders | 306,008 | (27,552) | 41,675 | ||||||||
| Total common shareholders earnings, basic | $ | 461,001 | $ | 110,956 | $ | 170,424 | |||||
| Diluted | |||||||||||
| Distributed earnings to common shareholders | $ | 154,993 | $ | 138,508 | $ | 128,748 | |||||
| Undistributed earnings allocated to common shareholders | 306,008 | (27,552) | 41,675 | ||||||||
| Total common shareholders earnings, diluted | $ | 461,001 | $ | 110,956 | $ | 170,424 | |||||
| Weighted average common shares outstanding | 165,079 | 151,933 | 149,968 | ||||||||
| Effect of dilutive common stock awards | 1,534 | 1,415 | 892 | ||||||||
| Diluted weighted average common shares outstanding | 166,613 | 153,347 | 150,860 | ||||||||
| Basic earnings per common share | $ | 2.79 | $ | 0.73 | $ | 1.14 | |||||
| Diluted earnings per common share | $ | 2.77 | $ | 0.72 | $ | 1.13 | |||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 8, 2024 | |
| 2022 | Feb 13, 2023 | |
| 2021 | Feb 8, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.