Associated Banc-Corp Management
Management criteria checks 4/4
Associated Banc-Corp's CEO is Andy Harmening, appointed in Apr 2021, has a tenure of 3.75 years. total yearly compensation is $4.75M, comprised of 21.7% salary and 78.3% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $4.37M. The average tenure of the management team and the board of directors is 5.8 years and 9.4 years respectively.
Key information
Andy Harmening
Chief executive officer
US$4.7m
Total compensation
| CEO salary percentage | 21.7% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.1% |
| Management average tenure | 5.8yrs |
| Board average tenure | 9.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$182m |
| Jun 30 2024 | n/a | n/a | US$177m |
| Mar 31 2024 | n/a | n/a | US$148m |
| Dec 31 2023 | US$5m | US$1m | US$170m |
| Sep 30 2023 | n/a | n/a | US$369m |
| Jun 30 2023 | n/a | n/a | US$382m |
| Mar 31 2023 | n/a | n/a | US$381m |
| Dec 31 2022 | US$6m | US$1m | US$352m |
| Sep 30 2022 | n/a | n/a | US$321m |
| Jun 30 2022 | n/a | n/a | US$312m |
| Mar 31 2022 | n/a | n/a | US$314m |
| Dec 31 2021 | US$11m | US$675k | US$332m |
Compensation vs Market: Andy's total compensation ($USD4.75M) is about average for companies of similar size in the US market ($USD6.70M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
CEO
Andy Harmening (55 yo)
3.8yrs
Tenure
US$4,746,721
Compensation
Mr. Andrew John Harmening, also known as Andy, serves as President, Chief Executive Officer and Director at Associated Banc-Corp since April 28, 2021. He has been President and Chief Executive Officer at A...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.8yrs | US$4.75m | 0.11% $ 4.4m | |
| Executive VP & CFO | 2.4yrs | US$1.35m | 0.024% $ 929.0k | |
| Executive VP | 12.8yrs | US$1.25m | 0.066% $ 2.6m | |
| Executive VP | 17.6yrs | US$1.20m | 0.087% $ 3.4m | |
| Executive VP | 13.6yrs | US$1.35m | 0.071% $ 2.8m | |
| Corporate Controller & Chief Accounting Officer | less than a year | no data | 0.0017% $ 66.1k | |
| Executive VP & Chief Information Officer | 2yrs | no data | 0.0054% $ 211.5k | |
| VP & Director of Investor Relations | no data | no data | no data | |
| Senior VP | 9.1yrs | no data | no data | |
| Executive VP | 2.5yrs | no data | 0.023% $ 888.4k | |
| Executive VP & Chief Human Resources Officer | 5.8yrs | no data | 0.028% $ 1.1m | |
| Senior VP & Manager of Capital Markets | 16.8yrs | no data | no data |
5.8yrs
Average Tenure
56yo
Average Age
Experienced Management: ASB.PRE's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.8yrs | US$4.75m | 0.11% $ 4.4m | |
| Director | less than a year | no data | no data | |
| Independent Director | 8.6yrs | US$215.00k | 0.020% $ 777.7k | |
| Independent Director | 17.8yrs | US$215.00k | 0.0053% $ 209.2k | |
| Independent Director | 13.9yrs | US$215.00k | 0.043% $ 1.7m | |
| Independent Chairman of the Board | 13.5yrs | US$306.50k | 0.010% $ 407.4k | |
| Independent Director | 20.8yrs | US$215.00k | 0.0078% $ 305.0k | |
| Independent Director | 10.3yrs | US$205.00k | 0.0031% $ 120.0k | |
| Independent Director | 11.1yrs | US$216.50k | 0.027% $ 1.1m | |
| Independent Director | 7.8yrs | US$205.00k | 0.020% $ 777.7k | |
| Director | less than a year | no data | no data | |
| Independent Director | 5.8yrs | US$205.00k | 0.0059% $ 231.9k |
9.4yrs
Average Tenure
64yo
Average Age
Experienced Board: ASB.PRE's board of directors are considered experienced (9.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/05 12:29 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Associated Banc-Corp is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David George | Baird |
| Matthew Keating | Barclays |
| Jared Shaw | Barclays |