ASB Associated Banc-Corp Common Stock
$31.59
Price · Aug 19, 2026
Fundamentals as of Apr 28, 2026
52W Range
$24–$32
90% of range
Analyst Rating
HOLD
13 analysts
Price Target
$34
+9% upside
P/E (TTM)
11.4
ROE
9.7%
Net Profit Margin
31.9%
About Associated Banc-Corp Common Stock Company overview from Wikipedia
Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking and specialized financial services. Headquartered in Green Bay, Wisconsin, Associated is a Midwest bank with from more than 220 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas.
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Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking and specialized financial services. Headquartered in Green Bay, Wisconsin, Associated is a Midwest bank with from more than 220 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas.
As of October 19, 2023, it had $42 billion in assets and is the largest bank holding company based in Wisconsin. Associated Bank is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency within the Department of the Treasury. Associated Bank is a member of the Federal Deposit Insurance Corporation, the Federal Reserve Bank of Chicago, and the Federal Home Loan Bank of Chicago. The company has approximately 4,200 employees.
History
The Associated Banc-Corp holding company was formed on May 1, 1970, when three community banks formed a banking alliance that consolidated into Associated Bank. The three founding community banks were: The First National Bank of Neenah, founded in 1861; Kellogg Citizens National Bank, Green Bay, founded 1874; and Manitowoc Savings Bank, founded in 1884.
1989 – Acquired the Associated De Pere Bank of De Pere, Wisconsin
1991 – Acquired Farmers State Bank of Pound, Wisconsin, and F&M Financial Services
1992 – Acquired Wausau Financial and Northeast Wisconsin Financial Services
1993 – Changed name to Associated Bank, NA of Green Bay, Wisconsin
1993 – Acquired First National Bank of Sturgeon Bay of Sturgeon Bay, Wisconsin
1995 – Acquired GN Bancorp of Illinois
1996 – Acquired Mid-American National Bancorp of Illinois
1997 – Acquired Centra Financial of Wisconsin
1997 – Merged with First Financial Corporation of Stevens Point, Wisconsin
1998 – Acquired Citizens Bank, NA of Shawano, Wisconsin
1999 – Acquired Windsor Bancshares of Minnesota
2001 – Changed name to Associated Bank, NA; merged and re-branded existing affiliate banks in Milwaukee, Wisconsin; Neenah, Wisconsin; Manitowoc, Wisconsin; Wausau, Wisconsin; and Madison, Wisconsin
2002 – Acquired Signal Financial Corp. of Minnesota
2003 – Merged and re-branded affiliates: Associated Card Services Bank in Stevens Point, Wisconsin, and Associated Bank Illinois in Rockford, Illinois
2004 – Acquired First Federal Capital Bank of La Crosse, Wisconsin, expanding into Western and Southwest Wisconsin
2005 – Merged and re-branded affiliate banks in Minneapolis and in Chicago.
2005 – Acquired State Financial Services of Hales Corners, Wisconsin, and expanded to Northern Illinois
2007 – Acquired First National Bank of Hudson, Wisconsin
2008 – Received $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund
2009 – Appointed William R. Hutchinson as Chairman of the Board of Directors and Philip B. Flynn as President and CEO
2010 – Issued $435 million of common stock in an offering to support continued growth
2011 – Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund
2012 – Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters
2013 – Named one of the 100 Most Trustworthy Companies by Forbes
2014 – Joined the New York Stock Exchange and began trading under the ticker "ASB"
2015 – Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm
2016 – Purchased the 28-story Milwaukee Center office building to allow for future expansion of the company
2017 – Acquired Whitnell & Co., a wealth management family services firm
2018 – Acquired Bank Mutual of Milwaukee
2018 – Acquired Diversified Insurance Solutions, a Milwaukee based employee benefits insurance agency
2018 – Acquired Anderson Insurance & Investment Agency, a Minneapolis based workers compensation insurance agency
2019 – Acquired 32 Wisconsin branches from The Huntington National Bank
2020 – Acquired the First National Bank of Staunton, Illinois
2020 – Appointed John (Jay) B. Williams as Chairman of the Board of Directors
2020 – Sold Associated Benefits & Risk Consulting (ABRC) to USI Insurance Services LLC (USI) for $266 million
2021 – Appointed Andy Harmening as President and CEO
2022 – Consolidated 13 branches in Wisconsin and Illinois; announced first "micro branch" (600 square feet (56 m2)) following new micro office model
2025 – Acquired American National Bank in Omaha, Nebraska
Subsidiaries
During the 1990s and 2000s, Associated Banc-Corp merged all of its affiliated banks into Associated Bank, N.A., a wholly owned subsidiary.
Subsidiaries of Associated Bank, N.A. include: Associated Trust Company, N.A.; Associated Investment Corp; and Associated Community Development, LLC.
Sports sponsorships
It is a banking partner of the Milwaukee Brewers, the University of Wisconsin-Madison Athletics, and the Minnesota Wild. It is also the bank of the Wisconsin Athletic Hall of Fame.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
ASB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$31.59
Market Cap
$5.24B
P/E (TTM)
11.4
EPS (TTM)
$2.77
Revenue (TTM)
$1.10B
Div Yield
3.0%
ROE
9.7%
Debt/Equity
0.1
52W Range
$24 – $32
ASB Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.10B
2016-12-31
→
2023-12-31
EPS
$2.77
2016-12-31
→
2025-12-31
Free Cash Flow
—
Margins
31.9%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ASB
Peer Median
P/E (TTM)
11.4
13.6
P/S (TTM)
4.0
2.7
P/B
1.1
1.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ASB
Peer Median
Net Profit Margin
31.9%
30.5%
ROA
1.1%
1.2%
ROE
9.7%
9.3%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ASB
Peer Median
Debt / Equity
0.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ASB
Peer Median
Revenue YoY
-11.1%
—
Revenue CAGR 3Y
-4.8%
—
EPS YoY
284.7%
—
Net Income YoY
285.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ASB
Peer Median
Payout Ratio
32.8%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
3.0%
Payout Ratio
32.8%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 1, 2026 | $0.2400 |
| March 2, 2026 | $0.2400 |
| Dec. 1, 2025 | $0.2400 |
| Sept. 2, 2025 | $0.2300 |
| June 2, 2025 | $0.2300 |
| March 3, 2025 | $0.2300 |
| Dec. 2, 2024 | $0.2300 |
| Sept. 3, 2024 | $0.2200 |
| June 3, 2024 | $0.2200 |
| Feb. 29, 2024 | $0.2200 |
| Nov. 30, 2023 | $0.2200 |
| Aug. 31, 2023 | $0.2100 |
| May 31, 2023 | $0.2100 |
| Feb. 28, 2023 | $0.2100 |
| Nov. 30, 2022 | $0.2100 |
| Aug. 31, 2022 | $0.2000 |
| May 31, 2022 | $0.2000 |
| Feb. 28, 2022 | $0.2000 |
| Nov. 30, 2021 | $0.2000 |
| Aug. 31, 2021 | $0.2000 |
ASB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 2 15.4%
- Buy 5 38.5%
- Hold 6 46.2%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
9 analysts · 2026-08-13
Median
$34.00
Mean
$34.44
← Below all targets
$31.59
Low
$33.00
High
$36.00
Median target
$34.00
+7.6%
Mean target
$34.44
+9.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.63 | $0.71 | -0.08% |
| March 31, 2026 | $0.70 | $0.69 | 0.01% |
| Dec. 31, 2025 | $0.80 | $0.71 | 0.09% |
| Sept. 30, 2025 | $0.73 | $0.68 | 0.05% |
| June 30, 2025 | $0.65 | $0.62 | 0.03% |
| March 31, 2025 | $0.63 | $0.58 | 0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ASB | $4.28B | 9.3 | -11.1% | 31.9% | 9.7% | — |
| UBSI | — | 11.7 | — | 37.5% | 8.6% | — |
| GBCI | $5.73B | 22.1 | 7.5% | 236.5% | 6.2% | — |
| HWC | $5.24B | 11.2 | 4.8% | 32.1% | 11.0% | — |
| HOMB | $5.45B | 11.5 | 7.2% | 43.6% | 11.3% | — |
| AUB | $5.00B | 17.4 | 68.1% | 19.9% | 5.6% | — |
| ABCB | — | 12.4 | 5.7% | 34.1% | 10.3% | — |
| OZK | — | — | — | — | — | — |
| FLG | $5.24B | -25.2 | — | -8.6% | -2.2% | — |
| AX | $4.30B | 10.2 | 1.8% | 658.0% | 16.6% | — |
| EBC | $4.34B | 42.9 | 19.1% | 65.8% | 2.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | $1.10B | $1.24B | $1.06B | $1.28B | $1.22B | $1.24B | $1.07B | $1.06B | $1.01B | $972M | |
| Interest Expense | $972M | $1.08B | $918M | $188M | $72M | $150M | $337M | $275M | $145M | $84M | $77M | $56M | |
| Interest Income | $2.17B | $2.12B | $1.96B | $1.15B | $798M | $913M | $1.17B | $1.15B | $887M | $792M | $754M | $737M | |
| Pretax Income | $578M | $134M | $206M | $460M | $436M | $327M | $407M | $413M | $339M | $288M | $270M | $276M | |
| Income Tax | $103M | $11M | $23M | $94M | $85M | $20M | $80M | $80M | $110M | $87M | $81M | $86M | |
| Net Income | $475M | $123M | $183M | $366M | $351M | $307M | $327M | $334M | $229M | $200M | $188M | $191M | |
| EPS (Basic) | $2.79 | $0.73 | $1.14 | $2.36 | $2.20 | $1.87 | $1.93 | $1.92 | $1.45 | $1.27 | $1.20 | $1.17 | |
| EPS (Diluted) | $2.77 | $0.72 | $1.13 | $2.34 | $2.18 | $1.86 | $1.91 | $1.89 | $1.42 | $1.26 | $1.19 | $1.16 | |
| Shares (Basic) | 165,079,000 | 151,933,000 | 149,968,000 | 149,162,000 | 150,773,000 | 153,005,000 | 160,534,000 | 167,345,000 | 150,877,000 | 148,769,000 | 149,350,000 | 157,286,000 | |
| Shares (Diluted) | 166,613,000 | 153,347,000 | 150,860,000 | 150,496,000 | 151,987,000 | 153,642,000 | 161,932,000 | 169,732,000 | 153,647,000 | 149,961,000 | 150,603,000 | 158,254,000 |
Balance Sheet 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | $877M | $716M | $642M | $474M | $1.03B | |
| PP&E (Net) | $382M | $379M | $373M | $377M | $385M | $419M | $435M | $363M | $331M | $330M | $268M | $275M | |
| PP&E (Gross) | $822M | $782M | $750M | $735M | $745M | $787M | $796M | $694M | $653M | $642M | $554M | $550M | |
| Accum. Depreciation | $440M | $403M | $377M | $358M | $360M | $368M | $361M | $331M | $322M | $311M | $286M | $275M | |
| Goodwill | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.11B | $1.18B | $1.17B | $976M | $972M | $969M | $929M | |
| Intangibles | $23M | $32M | $40M | $49M | $58M | $68M | $88M | $76M | $16M | $15M | $16M | $7M | |
| Total Assets | $45.20B | $43.02B | $41.02B | $39.41B | $35.10B | $33.42B | $32.39B | $33.62B | $30.48B | $29.14B | $27.71B | $26.82B | |
| Short-term Debt | $308M | $470M | $327M | $606M | $354M | $252M | $465M | $157M | $392M | $1.09B | $834M | $1.07B | |
| Total Liabilities | $40.23B | $38.42B | $36.84B | $35.39B | $31.08B | $29.33B | $28.46B | $29.83B | $27.25B | $26.05B | $24.77B | $24.02B | |
| Long-term Debt | $594M | $838M | $541M | $248M | $249M | $549M | $549M | $796M | $497M | $2.76B | $2.68B | $3.93B | |
| Total Debt | $308M | · | $327M | $606M | $354M | $252M | $465M | $157M | $676M | $1.09B | $834M | $1.07B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Retained Earnings | $3.23B | $2.92B | $2.95B | $2.90B | $2.67B | $2.46B | $2.38B | $2.18B | $1.93B | $1.70B | $1.59B | $1.50B | |
| Treasury Stock | $490M | $483M | $512M | $525M | $546M | $456M | $400M | $247M | $135M | $171M | $205M | $239M | |
| AOCI | $-8M | $-74M | $-171M | $-273M | $-10M | $13M | $-33M | $-125M | $-63M | $-55M | $-33M | $-5M | |
| Stockholders' Equity | $4.98B | $4.61B | $4.17B | $4.02B | $4.02B | $4.09B | $3.92B | $3.78B | $3.24B | $3.09B | $2.94B | $2.80B | |
| Liabilities + Equity | $45.20B | $43.02B | $41.02B | $39.41B | $35.10B | $33.42B | $32.39B | $33.62B | $30.48B | $29.14B | $27.71B | $26.82B | |
| Shares Outstanding | 165,979,940 | 166,177,658 | 175,216,000 | 175,216,000 | 175,216,000 | 175,216,000 | 175,216,000 | 175,216,000 | 161,752,000 | 163,030,000 | 164,200,000 | 166,544,000 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | $48M | $47M | $45M | $47M | $50M | |
| Deferred Tax | $21M | $-36M | $-12M | $12M | $15M | $-29M | $14M | $47M | $21M | $11M | $-4M | $10M | |
| Amort. of Intangibles | $9M | $9M | $9M | $9M | $9M | $10M | $10M | $8M | $2M | $2M | $3M | $4M | |
| Operating Cash Flow | $616M | $580M | $443M | $847M | $530M | $550M | $574M | $497M | $458M | $641M | $301M | $200M | |
| Investing Cash Flow | $-1.62B | $-2.22B | $-1.44B | $-5.25B | $-1.58B | $-794M | $1.62B | $-381M | $-1.40B | $-1.65B | $-1.53B | $-2.12B | |
| Debt Issued | $0 | $299M | $293M | $0 | $0 | $0 | $0 | $300M | $0 | $0 | $250M | $996M | |
| Net Debt Issued | $0 | $299M | $293M | $0 | $-300M | $0 | $-250M | $300M | $635M | $85M | $-1.25B | $841M | |
| Stock Issued | $0 | $331M | $0 | $0 | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | $0 | $0 | $109M | |
| Net Stock Activity | $0 | $331M | · | · | · | · | · | · | · | $0 | $-5M | $-112M | |
| Dividends Paid | $156M | $139M | $130M | $123M | $116M | $112M | $112M | $106M | $76M | $68M | $62M | $59M | |
| Financing Cash Flow | $1.71B | $1.73B | $1.30B | $4.00B | $1.36B | $371M | $-2.48B | $45M | $1.01B | $1.18B | $674M | $2.35B | |
| Net Change in Cash | $701M | $96M | $302M | · | · | · | · | · | $74M | $169M | $-558M | $430M | |
| Taxes Paid | $2M | $18M | $69M | $18M | $58M | $18M | $41M | $18M | $81M | $76M | $84M | $72M |
Profitability 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 31.9% | 11.9% | 16.6% | 29.5% | 33.2% | 24.0% | 26.9% | 27.0% | 21.3% | 18.9% | 18.7% | 19.6% | |
| Pretax Margin | 38.9% | 13.0% | 18.7% | 37.1% | 41.2% | 25.6% | 33.4% | 33.5% | 31.6% | 27.1% | 26.9% | 28.4% | |
| ROA | 1.1% | 0.29% | 0.45% | 0.98% | 1.0% | 0.93% | 0.99% | 1.0% | 0.77% | 0.70% | 0.69% | 0.75% | |
| ROE | 9.7% | 2.7% | 4.4% | 9.2% | 8.8% | 7.5% | 8.3% | 8.8% | 7.1% | 6.5% | 6.4% | 6.7% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.1 | · | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.0 | 0.2 | 0.4 | 0.3 | 0.4 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | · | · | -11.1% | 17.2% | -17.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | · | · | -4.8% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 284.7% | -36.3% | -51.7% | 7.3% | 17.2% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 5.8% | -30.9% | -15.3% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 8.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 285.5% | -32.7% | -50.0% | 4.3% | 14.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 9.0% | -29.5% | -15.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 9.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 6.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.30B | $1.30B | $1.10B | $1.24B | $1.06B | $1.28B | $1.22B | $1.24B | $1.07B | $1.06B | $1.01B | $972M | |
| Net Income TTM | $475M | $123M | $183M | $366M | $351M | $307M | $327M | $334M | $229M | $200M | $188M | $191M | |
| Market Cap | $4.28B | $3.97B | $3.23B | $3.47B | $3.37B | $2.62B | $3.46B | $3.47B | $4.11B | $4.03B | $3.08B | $3.10B | |
| Enterprise Value | · | · | · | · | · | · | · | · | $4.07B | $4.48B | $3.44B | $3.14B | |
| P/E | 9.3 | 33.2 | 18.9 | 9.9 | 10.4 | 9.2 | 11.5 | 10.5 | 17.9 | 19.6 | 15.8 | 16.1 | |
| P/S | 3.3 | 3.1 | 2.9 | 2.8 | 3.2 | 2.0 | 2.8 | 2.8 | 3.8 | 3.8 | 3.1 | 3.2 | |
| P/B | 0.9 | 0.9 | 0.8 | 0.9 | 0.8 | 0.6 | 0.9 | 0.9 | 1.3 | 1.3 | 1.0 | 1.1 | |
| P / Tangible Book | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 0.9 | · | · | · | · | · | · | |
| P / Cash Flow | 6.9 | 6.8 | 7.3 | 4.1 | 6.4 | 4.8 | 6.0 | 7.0 | 9.0 | 6.4 | 10.2 | 14.6 | |
| EV / Revenue | · | · | · | · | · | · | · | · | 3.8 | 4.2 | 3.4 | 3.2 | |
| Dividend Yield | 3.6% | 3.5% | 4.0% | 3.5% | 3.4% | 4.3% | 3.2% | 3.0% | 1.9% | 1.7% | 2.0% | 1.9% | |
| Earnings Yield | 10.8% | 3.0% | 5.3% | 10.1% | 9.7% | 10.9% | 8.7% | 9.6% | 5.6% | 5.1% | 6.3% | 6.2% | |
| Payout Ratio | 32.8% | 113.0% | 70.8% | 33.6% | 33.1% | 36.5% | 34.2% | 31.6% | 33.3% | 33.9% | 33.1% | 30.8% | |
| Annual Payout | $156M | $139M | $130M | $123M | $116M | $112M | $112M | $106M | $76M | $68M | $62M | $59M |
Income Statement 10
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | · | · | $330M | $322M | $323M | · | $321M | $323M | $336M | · | $335M | $292M | |
| Interest Expense | $221M | $235M | $251M | $246M | $240M | $258M | $278M | $274M | $266M | $272M | $254M | $223M | $169M | $102M | $50M | $21M | |
| Interest Income | $528M | $545M | $557M | $546M | $526M | $529M | $540M | $530M | $523M | $525M | $509M | $481M | $443M | $391M | $315M | $237M | |
| Pretax Income | $153M | $163M | $154M | $140M | $121M | $-178M | $108M | $103M | $101M | $-138M | $103M | $111M | $131M | $134M | $122M | $110M | |
| Income Tax | $33M | $26M | $30M | $28M | $19M | $-16M | $20M | $-13M | $20M | $-47M | $19M | $24M | $27M | $25M | $26M | $23M | |
| Net Income | $120M | $137M | $125M | $111M | $102M | $-162M | $88M | $116M | $81M | $-91M | $83M | $87M | $103M | $109M | $96M | $87M | |
| EPS (Basic) | $0.70 | $0.81 | $0.73 | $0.65 | $0.60 | $-1.10 | $0.56 | $0.75 | $0.52 | $-0.62 | $0.53 | $0.56 | $0.67 | $0.70 | $0.62 | $0.56 | |
| EPS (Diluted) | $0.70 | $0.80 | $0.73 | $0.65 | $0.59 | $-1.10 | $0.56 | $0.74 | $0.52 | $-0.62 | $0.53 | $0.56 | $0.66 | $0.69 | $0.62 | $0.56 | |
| Shares (Basic) | 165,097,000 | -330,114,000 | 165,029,000 | 164,936,000 | 165,228,000 | -298,041,000 | 150,247,000 | 149,872,000 | 149,855,000 | -299,816,000 | 150,035,000 | 149,986,000 | 149,763,000 | -298,023,000 | 149,321,000 | 149,083,000 | |
| Shares (Diluted) | 166,561,000 | -333,037,000 | 166,703,000 | 166,343,000 | 166,604,000 | -300,725,000 | 151,492,000 | 151,288,000 | 151,292,000 | -302,152,000 | 151,014,000 | 150,870,000 | 151,128,000 | -300,461,000 | 150,262,000 | 150,203,000 |
Balance Sheet 17
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $377M | $382M | $384M | $377M | $378M | $379M | $374M | $370M | $368M | · | $373M | $375M | $376M | · | $379M | $388M | |
| PP&E (Gross) | · | $822M | · | · | · | $782M | · | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | $440M | · | · | · | $403M | · | · | · | · | · | · | · | · | · | · | |
| Goodwill | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | · | $1.10B | $1.10B | $1.10B | · | $1.10B | $1.10B | |
| Intangibles | $21M | $23M | $25M | $27M | $29M | $32M | $34M | $36M | $38M | · | $43M | $45M | $47M | · | $51M | $54M | |
| Total Assets | $45.59B | $45.20B | $44.46B | $43.99B | $43.31B | $43.02B | $42.21B | $41.62B | $41.14B | · | $41.64B | $41.22B | $40.70B | · | $38.05B | $37.24B | |
| Short-term Debt | $396M | $308M | $400M | $76M | $311M | $470M | $917M | $860M | $766M | · | $452M | $341M | $227M | · | $284M | $706M | |
| Total Liabilities | $40.60B | $40.23B | $39.59B | $39.21B | $38.62B | $38.42B | $37.80B | $37.38B | $36.97B | · | $37.51B | $37.10B | $36.58B | · | $34.10B | $33.28B | |
| Long-term Debt | $593M | $1.01B | $594M | $594M | $591M | · | $844M | $536M | $536M | · | $529M | $534M | $544M | · | $249M | $250M | |
| Total Debt | $396M | · | $400M | $76M | $311M | · | $917M | $860M | $766M | · | $452M | $341M | $227M | · | $284M | $706M | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | $2M | |
| Retained Earnings | $3.30B | $3.23B | $3.13B | $3.05B | $2.98B | $2.92B | $3.12B | $3.07B | $2.99B | · | $3.07B | $3.03B | $2.97B | · | $2.83B | $2.77B | |
| Treasury Stock | $510M | $490M | $492M | $495M | $494M | $483M | $507M | $516M | $518M | · | $515M | $515M | $516M | · | $527M | $532M | |
| AOCI | $-45M | $-8M | $-16M | $-14M | $-35M | $-74M | $-112M | $-219M | $-210M | · | $-339M | $-292M | $-234M | · | $-255M | $-183M | |
| Stockholders' Equity | $5.00B | $4.98B | $4.87B | $4.78B | $4.69B | $4.61B | $4.41B | $4.24B | $4.17B | $4.17B | $4.13B | $4.12B | $4.13B | $4.02B | $3.95B | $3.96B | |
| Liabilities + Equity | $45.59B | $45.20B | $44.46B | $43.99B | $43.31B | $43.02B | $42.21B | $41.62B | $41.14B | · | $41.64B | $41.22B | $40.70B | · | $38.05B | $37.24B | |
| Shares Outstanding | 165,438,367 | 165,979,940 | 165,904,108 | 165,778,220 | 165,806,623 | 166,177,658 | 151,212,711 | 150,785,257 | 150,738,678 | 175,216,000 | 150,951,209 | 150,918,628 | 150,885,862 | 175,216,000 | 150,328,196 | 150,126,419 |
Cash Flow 9
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amort. of Intangibles | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Operating Cash Flow | $136M | $218M | $158M | $141M | $98M | $207M | $105M | $113M | $154M | $65M | $199M | $131M | $47M | $124M | $233M | $243M | |
| Investing Cash Flow | $-824M | $-375M | $-485M | $-638M | $-127M | $-1.05B | $-518M | $-380M | $-275M | $788M | $-407M | $-741M | $-1.08B | $-1.27B | $-1.30B | $-2.04B | |
| Debt Issued | · | $0 | · | · | · | $0 | $299M | $0 | $0 | $0 | $0 | $0 | $293M | $0 | $0 | $0 | |
| Net Debt Issued | · | · | · | · | · | · | · | · | $0 | · | · | · | $293M | · | · | · | |
| Dividends Paid | $40M | $40M | $39M | $38M | $39M | $39M | $34M | $34M | $34M | $34M | $32M | $32M | $32M | $32M | $30M | $30M | |
| Financing Cash Flow | $354M | $584M | $360M | $524M | $242M | $891M | $421M | $374M | $49M | $-642M | $291M | $417M | $1.23B | $1.27B | $702M | $2.16B | |
| Net Change in Cash | $-334M | $427M | $33M | $28M | $213M | $53M | $8M | $108M | $-72M | $211M | $83M | $-193M | $201M | · | $-365M | $366M | |
| Taxes Paid | · | $16M | $-217.0K | $2M | $-16M | $11M | $4M | $1M | $2M | $1M | $9M | $58M | $1M | $12M | $4M | $4M |
Profitability 4
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 31.2% | · | 32.3% | 30.3% | 29.5% | · | 26.7% | 35.9% | 25.1% | · | 25.9% | 26.9% | 30.8% | · | 28.7% | 29.8% | |
| Pretax Margin | 39.9% | · | 39.9% | 38.0% | 35.1% | · | 32.8% | 32.0% | 31.3% | · | 32.0% | 34.2% | 38.9% | · | 36.5% | 37.8% | |
| ROA | 0.27% | · | 0.29% | 0.26% | 0.24% | · | 0.21% | 0.28% | 0.20% | · | 0.21% | 0.22% | 0.27% | · | 0.27% | 0.24% | |
| ROE | 2.5% | · | 2.7% | 2.5% | 2.3% | · | 2.1% | 2.8% | 2.0% | · | 2.1% | 2.2% | 2.6% | · | 2.4% | 2.1% |
Liquidity & Solvency 1
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.1 | · | 0.1 | 0.0 | 0.1 | · | 0.2 | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.2 |
Efficiency 1
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.30B | · | $1.30B | $1.30B | $1.30B | · | $1.30B | $1.29B | $1.30B | · | $1.32B | $1.29B | $1.23B | · | $1.15B | $1.07B | |
| Net Income TTM | $457M | · | $426M | $417M | $386M | · | $368M | $367M | $355M | · | $370M | $374M | $361M | · | $346M | $341M | |
| Market Cap | $4.28B | · | $4.27B | $4.04B | $3.74B | · | $3.26B | $3.19B | $3.24B | · | $2.58B | $2.45B | $2.71B | · | $3.02B | $2.74B | |
| P/E | 9.7 | · | 10.2 | 9.6 | 9.3 | · | 9.2 | 9.0 | 9.5 | · | 7.2 | 6.8 | 7.8 | · | 9.1 | 8.5 | |
| P/S | 3.3 | · | 3.3 | 3.1 | 2.9 | · | 2.5 | 2.5 | 2.5 | · | 2.0 | 1.9 | 2.2 | · | 2.6 | 2.6 | |
| P/B | 0.9 | · | 0.9 | 0.8 | 0.8 | · | 0.7 | 0.8 | 0.8 | · | 0.6 | 0.6 | 0.7 | · | 0.8 | 0.7 | |
| P / Tangible Book | 1.1 | · | 1.1 | 1.1 | 1.1 | · | 1.0 | 1.0 | 1.1 | · | 0.9 | 0.8 | 0.9 | · | 1.1 | 1.0 | |
| P / Cash Flow | 31.5 | · | · | · | 38.1 | · | · | · | 21.0 | · | · | · | 57.2 | · | · | · | |
| Earnings Yield | 10.3% | · | 9.8% | 10.4% | 10.7% | · | 10.9% | 11.1% | 10.5% | · | 13.9% | 14.8% | 12.8% | · | 11.0% | 11.8% | |
| Payout Ratio | 33.5% | · | · | · | 37.9% | · | · | · | 41.3% | · | · | · | 31.0% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | — | — | $1.10B | $1.24B | $1.06B |
| Net Income | $475M | $123M | $183M | $366M | $351M |
| Diluted EPS | $2.77 | $0.72 | $1.13 | $2.34 | $2.18 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | — | 0.1 | 0.2 | 0.1 |
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Institutional owners (13F) 420 filers · $3.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 71 (-1 vs prior Q) | 32 (+2 vs prior Q) | 144 (+12 vs prior Q) | 100 (+9 vs prior Q) | +19.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $443,507,112 | 17,216,891 | 12.50% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $319,012,960 | 10,367,662 | 8.99% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $298,603,577 | 9,704,375 | 8.42% | Shares |
| STATE STREET CORP | $272,275,207 | 8,848,723 | 7.68% | Shares |
| FIRST TRUST ADVISORS LP | $231,964,352 | 7,538,653 | 6.54% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $205,435,074 | 6,676,473 | 5.79% | Shares |
| AMERICAN CENTURY COMPANIES INC | $130,727,400 | 4,248,534 | 3.69% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $107,970,818 | 3,508,230 | 3.04% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $94,872,000 | 3,083,276 | 2.67% | Shares |
| Associated Banc-Corp | $76,259,426 | 2,478,369 | 2.15% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $68,332,108 | 2,220,738 | 1.93% | Shares |
| PZENA INVESTMENT MANAGEMENT LLC | $61,239,777 | 1,990,243 | 1.73% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $58,703,806 | 1,907,826 | 1.65% | Shares |
| CITADEL ADVISORS LLC | $52,948,678 | 1,720,789 | 1.49% | Shares |
| FMR LLC | $51,616,774 | 1,677,503 | 1.46% | Shares |
| Balyasny Asset Management L.P. | $48,919,008 | 1,589,828 | 1.38% | Shares |
| Verition Fund Management LLC | $47,567,343 | 1,545,900 | 1.34% | Shares |
| NORGES BANK | $43,171,849 | 1,403,050 | 1.22% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $39,001,221 | 1,267,508 | 1.10% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $32,794,451 | 1,065,793 | 0.92% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $32,510,136 | 1,056,553 | 0.92% | Shares |
| GOLDMAN SACHS GROUP INC | $32,162,558 | 1,045,257 | 0.91% | Shares |
| Assenagon Asset Management S.A. | $30,926,958 | 1,005,101 | 0.87% | Shares |
| Point72 Asset Management, L.P. | $25,737,720 | 836,455 | 0.73% | Shares |
| HEARTLAND ADVISORS INC | $25,723,074 | 835,979 | 0.73% | Shares |
| Interval Partners, LP | $25,438,482 | 826,730 | 0.72% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $24,389,287 | 792,632 | 0.69% | Shares |
| AMERIPRISE FINANCIAL INC | $23,409,139 | 760,778 | 0.66% | Shares |
| Leeward Investments, LLC - MA | $21,830,361 | 709,469 | 0.62% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $21,736,513 | 706,419 | 0.61% | Shares |
| TWO SIGMA INVESTMENTS, LP | $21,736,205 | 706,409 | 0.61% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $20,250,168 | 658,114 | 0.57% | Shares |
| MILLENNIUM MANAGEMENT LLC | $19,137,309 | 621,947 | 0.54% | Shares |
| BANK OF AMERICA CORP /DE/ | $18,216,578 | 592,024 | 0.51% | Shares |
| Man Group plc | $17,786,075 | 578,033 | 0.50% | Shares |
| BlackRock, Inc. | $15,179,241 | 493,313 | 0.43% | Shares |
| RHUMBLINE ADVISERS | $15,061,487 | 489,487 | 0.42% | Shares |
| ALGERT GLOBAL LLC | $14,874,926 | 483,423 | 0.42% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $13,601,325 | 442,032 | 0.38% | Shares |
| Fisher Asset Management, LLC | $13,210,206 | 429,321 | 0.37% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $11,358,561 | 369,144 | 0.32% | Shares |
| Swiss National Bank | $10,183,024 | 330,940 | 0.29% | Shares |
| CASTLEARK MANAGEMENT LLC | $9,212,630 | 299,403 | 0.26% | Shares |
| MAIRS & POWER INC | $8,309,131 | 270,040 | 0.23% | Shares |
| ALLIANCEBERNSTEIN L.P. | $8,230,695 | 318,279 | 0.23% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $7,899,613 | 256,731 | 0.22% | Shares |
| ProShare Advisors LLC | $7,869,212 | 255,743 | 0.22% | Shares |
| SummitTX Capital, L.P. | $7,791,456 | 253,216 | 0.22% | Shares |
| FRANKLIN RESOURCES INC | $7,598,005 | 246,929 | 0.21% | Shares |
| Bridgewater Associates, LP | $7,257,658 | 235,868 | 0.20% | Shares |
| PRUDENTIAL FINANCIAL INC | $7,186,180 | 233,545 | 0.20% | Shares |
| BARCLAYS PLC | $6,706,445 | 217,954 | 0.19% | Shares |
| Brandywine Global Investment Management, LLC | $6,422,715 | 249,329 | 0.18% | Shares |
| Horizon Investments, LLC | $6,164,218 | 111,067 | 0.17% | Shares |
| Cubist Systematic Strategies, LLC | $5,869,930 | 228,314 | 0.17% | Shares |
| CITIGROUP INC | $5,742,544 | 186,628 | 0.16% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,643,842 | 218,246 | 0.16% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $5,443,951 | 176,924 | 0.15% | Shares |
| Legacy Private Trust Co. | $5,420,135 | 176,150 | 0.15% | Shares |
| Quantinno Capital Management LP | $5,250,289 | 170,630 | 0.15% | Shares |
| Retirement Systems of Alabama | $5,199,022 | 168,964 | 0.15% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $5,197,822 | 168,925 | 0.15% | Shares |
| MetLife Investment Management, LLC | $4,945,601 | 160,728 | 0.14% | Shares |
| Trexquant Investment LP | $4,848,060 | 157,558 | 0.14% | Shares |
| AlphaQuest LLC | $4,841,875 | 187,961 | 0.14% | Shares |
| Weiss Asset Management LP | $4,603,038 | 149,595 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $4,597,223 | 149,406 | 0.13% | Shares |
| Edgestream Partners, L.P. | $4,423,711 | 143,767 | 0.12% | Shares |
| IEQ CAPITAL, LLC | $4,413,511 | 143,436 | 0.12% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $4,376,140 | 142,221 | 0.12% | Shares |
| Vest Financial, LLC | $4,316,693 | 140,289 | 0.12% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $4,310,477 | 140,087 | 0.12% | Shares |
| EASTERLY INVESTMENT PARTNERS LLC | $4,203,582 | 136,613 | 0.12% | Shares |
| Crescent Grove Advisors, LLC | $4,062,655 | 132,033 | 0.11% | Shares |
| Schonfeld Strategic Advisors LLC | $4,013,852 | 130,447 | 0.11% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $3,903,643 | 126,887 | 0.11% | Shares |
| TWO SIGMA ADVISERS, LP | $3,876,880 | 150,500 | 0.11% | Shares |
| Brevan Howard Capital Management LP | $3,780,433 | 122,861 | 0.11% | Shares |
| Covea Finance | $3,763,171 | 122,300 | 0.11% | Shares |
| Rafferty Asset Management, LLC | $3,733,170 | 121,325 | 0.11% | Shares |
| Engineers Gate Manager LP | $3,582,274 | 116,421 | 0.10% | Shares |
| Mariner, LLC | $3,517,754 | 114,312 | 0.10% | Shares |
| BAYVIEW ASSET MANAGEMENT, LLC | $3,514,242 | 114,210 | 0.10% | Shares |
| Mubadala Investment Co PJSC | $3,429,747 | 111,464 | 0.10% | Shares |
| NORTH STAR ASSET MANAGEMENT INC | $3,357,499 | 109,116 | 0.09% | Shares |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI | $3,354,945 | 109,033 | 0.09% | Shares |
| NICOLET BANKSHARES INC | $3,019,418 | 98,513 | 0.09% | Shares |
| Vanguard Global Advisers, LLC | $2,935,704 | 95,408 | 0.08% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $2,923,182 | 95,001 | 0.08% | Shares |
| Rockefeller Capital Management L.P. | $2,897,303 | 94,160 | 0.08% | Shares |
| Legal & General Group Plc | $2,885,304 | 93,770 | 0.08% | Shares |
| HARBOUR INVESTMENTS, INC. | $2,866,987 | 93,175 | 0.08% | Shares |
| NFJ INVESTMENT GROUP, LLC | $2,774,162 | 90,158 | 0.08% | Shares |
| RIA Advisory Group LLC | $2,764,685 | 89,850 | 0.08% | Shares |
| HSBC HOLDINGS PLC | $2,720,490 | 88,385 | 0.08% | Shares |
| Corient Private Wealth LP | $2,661,608 | 86,500 | 0.08% | Shares |
| NICOLET ADVISORY SERVICES, LLC | $2,612,965 | 100,421 | 0.07% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,494,893 | 81,082 | 0.07% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $2,475,420 | 88,567 | 0.07% | Shares |
| SEB Asset Management AB | $2,475,411 | 80,449 | 0.07% | Shares |
Company insiders 83 insiders · 49 officers · 25 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Andrew J Harmening | President & CEO | March 16, 2026 J | 393,939 | 0 | 0 | $0 |
| Derek S. Meyer | EVP, Chief Financial Officer | March 16, 2026 A | 71,535 | 0 | 0 | $0 |
| Christopher Del Moral-Niles | Chief Financial Officer | Aug. 15, 2022 J | 96,985 | 0 | 0 | $0 |
| Julio Manso | EVP, CHRO | July 15, 2026 J | 14,901 | 0 | 0 | $0 |
| Steven S. Zandpour | EVP | July 15, 2026 J | 18,550 | 0 | 0 | $0 |
| Jayne C Hladio | EVP, President Private Wealth | July 15, 2026 J | 16,634 | 0 | 0 | $0 |
| Nicole M Kitowski | Executive Vice President | July 15, 2026 J | 52,990 | 0 | 0 | $0 |
| Terry Lynn Williams | Chief Information Officer | July 15, 2026 J | 24,265 | 0 | 0 | $0 |
| John A. Utz | Executive Vice President | July 15, 2026 J | 118,687 | 0 | 8 | $-554,667 |
| Matthew R Braeger | Executive Vice President | June 9, 2026 S | 11,777 | 0 | 3 | $-193,540 |
| Dennis Deloye | Executive Vice President | May 26, 2026 M | 21,385 | 0 | 2 | $-404,090 |
| Randy J Erickson | Executive Vice President | May 4, 2026 S | 139,115 | 0 | 2 | $-844,778 |
| Gregory Warsek | EVP | March 16, 2026 A | 17,055 | 0 | 0 | $0 |
| Bryan Carson | Executive Vice President | March 9, 2026 F | 38,953 | 0 | 0 | $0 |
| Patrick Edward Ahern | Executive Vice President | March 9, 2026 F | 45,052 | 0 | 6 | $-1,384,614 |
| Ryan Beld | EVP Controller and CAO | March 1, 2026 A | 11,068 | 0 | 0 | $0 |
| Phillip Trier | EVP | Feb. 8, 2026 F | 23,638 | 0 | 0 | $0 |
| David L Stein | Executive Vice President | June 16, 2025 A | 58,710 | 0 | 0 | $0 |
| Angie Dewitt | Executive Vice President | May 15, 2025 J | 58,993 | 0 | 0 | $0 |
| Paul Gregory Schmidt | Executive Vice President | Feb. 10, 2025 F | 47,520 | 0 | 0 | $0 |
| Tammy C. Stadler | Principal Accounting Officer | July 15, 2024 J | 67,184 | 0 | 0 | $0 |
| John P Thayer | Executive Vice President | Sept. 15, 2023 A | 14,268 | 0 | 0 | $0 |
| Michael Meinolf | Executive Vice President | Sept. 15, 2022 A | 28,642 | 0 | 0 | $0 |
| Timothy J Lau | Executive Vice President | Feb. 22, 2022 G | 57,357 | 0 | 0 | $0 |
| William M Bohn | Executive Vice President | July 2, 2020 F | 69,578 | 0 | 0 | $0 |
| John P. Hankerd | Executive Vice President | Feb. 7, 2020 F | 19,756 | 0 | 0 | $0 |
| Christopher C. Piotrowski | Executive Vice President | Jan. 15, 2020 J | 35,356 | 0 | 0 | $0 |
| Judith M Docter | Executive Vice President | Feb. 19, 2019 F | 46,432 | 0 | 0 | $0 |
| James Spencer Payne JR. | Executive Vice President | July 31, 2018 F | 13,547 | 0 | 0 | $0 |
| Patrick J Derpinghaus | Executive Vice President | Feb. 6, 2018 F | 33,659 | 0 | 0 | $0 |
| Breck F. Hanson | Executive Vice President | Dec. 5, 2017 A | 23,456 | 0 | 0 | $0 |
| James Yee | Executive Vice President | May 12, 2017 F | 62,567 | 0 | 0 | $0 |
| Scott Hickey | Chief Credit Officer | Feb. 8, 2017 F | 28,474 | 0 | 0 | $0 |
| James K Simons | Executive Vice President | Feb. 6, 2017 A | 5,133 | 0 | 0 | $0 |
| Arthur G Heise | Executive Vice President | April 1, 2016 F | 50,250 | 0 | 0 | $0 |
| Donna N. Smith | Executive Vice President | June 1, 2015 F | 21,797 | 0 | 0 | $0 |
| Oliver Buechse | Executive Vice President | June 1, 2015 F | 46,380 | 0 | 0 | $0 |
| Bryan Mckeag | Executive Vice President | Sept. 16, 2013 J | 23,729 | 0 | 0 | $0 |
| Mark D Quinlan | Executive Vice President | June 15, 2012 J | 108,889 | 0 | 0 | $0 |
| Joseph B Selner | Executive Vice President | June 15, 2012 J | 209,803 | 0 | 0 | $0 |
| Mark J Mcmullen | Vice Chairman | Feb. 7, 2012 F | 184,562 | 0 | 0 | $0 |
| Brian R B0Dager | CAO, General Counsel & Secy | Oct. 14, 2011 A | 120,264 | 0 | 0 | $0 |
| Arthur E Olsen | Executive Vice President | July 8, 2011 A | 37,210 | 0 | 0 | $0 |
| Mark G Sander | Executive Vice President | June 8, 2011 M | 97,211 | 0 | 0 | $0 |
| David A Baumgarten | Executive Vice President | Dec. 15, 2009 J | 53,566 | 0 | 0 | $0 |
| Nancy A Maas | Executive Vice President | Feb. 1, 2007 F | 8,402 | 0 | 0 | $0 |
| Teresa A Rosengarten | Executive Vice President, | Jan. 26, 2005 A | — | 0 | 0 | $0 |
| Donald E Peters | Executive Vice President, | Jan. 26, 2005 A | — | 0 | 0 | $0 |
| Robert J Johnson | Senior Vice President; | Jan. 26, 2005 A | — | 0 | 0 | $0 |
| Michael J Haddad | Director | July 20, 2026 A | 8,725 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 94 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| XMVM · Invesco Exchange-Traded Fund Trust | 1.59% | 257,343 SH | Aug. 8, 2026 | Daily |
| DPST · Direxion Shares ETF Trust | 1.06% | 186,034 NS | April 30, 2026 | N-PORT |
| SMDV · ProShares Trust | 1.05% | 248,233 NS | May 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.70% | 6,408 NS | April 30, 2026 | N-PORT |
| RFV · Invesco Exchange-Traded Fund Trust | 0.62% | 67,455 SH | Aug. 8, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.61% | 47,146 NS | April 30, 2026 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.44% | 725,534 | Aug. 8, 2026 | Daily |
| SVAL · iShares Trust | 0.42% | 27,959 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.34% | 919,788 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.33% | 3,203,294 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.30% | 140,730 NS | April 30, 2026 | N-PORT |
| PAMC · Pacer Funds Trust | 0.29% | 6,590 NS | April 30, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.29% | 140,323 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.29% | 127,199 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.29% | 1,353,002 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.29% | 831,535 SH | Aug. 8, 2026 | Daily |
| BFOR · ALPS ETF Trust | 0.26% | 20,113 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 63,412 NS | April 30, 2026 | N-PORT |
| SDVD · First Trust Exchange-Traded Fund IV | 0.23% | 69,140 NS | April 30, 2026 | N-PORT |
| PFF · iShares Trust | 0.21% | 1,238,316 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.21% | 213,684 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.21% | 6,003 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.21% | 1,010,677 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.20% | 54,815 SH | Aug. 8, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.18% | 9,111 NS | April 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.18% | 220 NS | May 29, 2026 | N-PORT |
| ESML · iShares Trust | 0.17% | 160,681 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.16% | 22,078 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.16% | 35,451 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.15% | 21,082 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.14% | 3,696,829 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.14% | 263,583 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.14% | 838,030 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.14% | 5,636,482 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.14% | 12,445 SH | Aug. 8, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.13% | 18,798 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.13% | 428,979 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.12% | 7,835 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.11% | 570,625 NS | April 30, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.11% | 45,752 SH | Aug. 8, 2026 | Daily |
| VRP · Invesco Exchange-Traded Fund Trust … | 0.10% | 127,262 | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.10% | 5,654 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.10% | 787,725 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.09% | 127,029 SH | Aug. 8, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.09% | 2,709 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.09% | 2,054,670 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.09% | 31,098 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.08% | 7,171 SH | Aug. 8, 2026 | Daily |
| UMDD · ProShares Trust | 0.07% | 789 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.07% | 6,127 NS | May 31, 2026 | N-PORT |