Associated Banc-Corp Announces Merger with American National

Associated Banc-Corp ( (ASB) ) has provided an announcement.

On November 30, 2025, Associated Banc-Corp entered into a merger agreement with American National Corporation, whereby American National will merge into Associated, with the latter surviving. This merger, unanimously approved by both companies’ boards, involves a stock exchange and aims to consolidate American National’s banking subsidiary into Associated’s, enhancing Associated’s market position. The merger is subject to customary closing conditions, regulatory approvals, and shareholder agreements, with an expected impact on governance as American National’s executives will join Associated’s board.

The most recent analyst rating on (ASB) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Associated Banc-Corp stock, see the ASB Stock Forecast page.

Spark’s Take on ASB Stock

According to Spark, TipRanks’ AI Analyst, ASB is a Outperform.

Associated Banc-Corp’s strong financial performance and positive earnings call are the most significant factors contributing to its score. The technical analysis supports a bullish outlook, although the high P/E ratio suggests potential overvaluation. The company’s robust cash flow and strategic growth investments position it well for future growth, despite some challenges in CRE lending.

To see Spark’s full report on ASB stock, click here.

More about Associated Banc-Corp

Associated Banc-Corp is a Wisconsin-based corporation operating in the banking industry, offering a range of financial services through its wholly owned banking subsidiary, Associated Bank, National Association.

Average Trading Volume: 1,564,034

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.22B

See more data about ASB stock on TipRanks’ Stock Analysis page.