Associated Banc-Corp ASB
- Market cap
- $5.5B
- P/E
- 10.2×
Follow ASB
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15.45 | 20.95 | 18.53 | 18.52 | 10.23 | 16.87 | 17.45 | 14.47 | 19.40 | 18.32 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| 25.43 | 26.70 | 29.03 | 23.84 | 22.13 | 24.06 | 25.78 | 24.21 | 28.18 | 27.58 |
High Price
|
|||
| 4,441 | 4,388 | 4,655 | 4,669 | 4,459 | 4,003 | 4,118 | 4,100 | 4,000 | 4,000 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Revenue/Emp
|
|||
| 1,144 | 1,219 | 1,510 | 1,553 | 1,427 | 1,131 | 1,428 | 2,021 | 2,113 | 2,459 |
Revenue
|
|||
| 92.63% | 88.08% | 81.81% | 78.31% | 89.50% | 93.60% | 86.84% | 54.56% | 49.11% | 60.49% |
Gross Margin
|
|||
| 288 | 339 | 413 | 407 | 327 | 436 | 460 | 206 | 134 | 578 |
EBT
|
|||
| 25.13% | 27.78% | 27.38% | 26.17% | 22.91% | 38.59% | 32.20% | 10.19% | 6.36% | 23.50% |
EBT Margin
|
|||
| 200 | 229 | 334 | 327 | 307 | 351 | 366 | 183 | 123 | 475 |
Net Income
|
|||
| 112 | 116 | 97 | 124 | 111 | 105 | 81 | 118 | 133 | 139 |
Depreciation
|
|||
| 7.69 | 8.08 | 9.02 | 9.68 | 9.33 | 7.50 | 9.57 | 13.48 | 13.91 | 14.90 |
Revenue/Sh
|
|||
| 1.27 | 1.45 | 1.92 | 1.93 | 1.87 | 2.20 | 2.36 | 1.14 | 0.73 | 2.79 |
Earnings/Sh
|
|||
| 4.31 | 3.04 | 2.97 | 3.58 | 3.59 | 3.51 | 5.68 | 2.95 | 3.82 | 3.73 |
Cash Flow/Sh
|
|||
| (0.70) | (0.31) | (0.39) | (0.42) | (0.36) | (0.35) | (0.42) | (0.41) | (0.30) | (0.22) |
Capex/Sh
|
|||
| 3.61 | 2.72 | 2.57 | 3.16 | 3.24 | 3.17 | 5.26 | 2.54 | 3.52 | 3.51 |
Free CF/Sh
|
|||
| 20.78 | 21.46 | 22.59 | 24.43 | 26.74 | 26.69 | 26.92 | 27.83 | 30.31 | 30.14 |
Book Value/Sh
|
|||
| 149 | 151 | 167 | 161 | 153 | 151 | 149 | 150 | 152 | 165 |
Shares
|
|||
| 19.65 | 17.28 | 10.25 | 11.48 | 9.12 | 10.32 | 9.82 | 19.25 | 30.25 | 9.20 |
PE Ratio
|
|||
| 3.24 | 3.14 | 2.19 | 2.28 | 1.83 | 3.01 | 2.42 | 1.61 | 1.72 | 1.73 |
PS Ratio
|
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| 1.27 | 1.25 | 0.94 | 0.97 | 0.70 | 0.89 | 0.90 | 0.82 | 0.82 | 0.89 |
PB Ratio
|
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| 5.05 | 5.52 | 4.51 | 4.30 | 2.86 | 3.76 | 5.19 | 2.38 | 2.51 | 2.60 |
EV/Sales
|
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| 10.75 | 16.37 | 15.80 | 13.18 | 8.23 | 8.91 | 9.45 | 12.66 | 9.91 | 11.04 |
EV/FCF
|
|||
| 641 | 458 | 497 | 574 | 550 | 530 | 847 | 443 | 580 | 616 |
Op' Cash Flow
|
|||
| (104) | (47) | (66) | (67) | (55) | (52) | (63) | (62) | (45) | (36) |
Capex
|
|||
| 538 | 411 | 431 | 507 | 495 | 477 | 784 | 381 | 535 | 579 |
FCF
|
|||
| (2,695) | (2,174) | (1,806) | (1,261) | (2,095) | (3,982) | (1,510) | (4,244) | (4,416) | (3,584) |
Working Cap'
|
|||
| 2,762 | 3,681 | 4,370 | 3,730 | 2,182 | 1,870 | 4,568 | 2,481 | 2,691 | 3,862 |
Total Debt
|
|||
| 2,067 | 2,896 | 3,493 | 3,142 | 1,466 | 845 | 3,946 | 1,558 | 1,672 | 2,142 |
Net Debt
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| 3,091 | 3,237 | 3,781 | 3,922 | 4,091 | 4,025 | 4,015 | 4,174 | 4,606 | 4,975 |
Sh' Equity
|
|||
| 0.67% | 0.74% | 1.01% | 0.94% | 0.88% | 0.97% | 0.95% | 0.42% | 0.26% | 1.05% |
ROA
|
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| 3.48% | 3.45% | 3.80% | 3.60% | 3.68% | 5.60% | 3.61% | 2.25% | 1.34% | 5.07% |
ROIC
|
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| 6.66% | 7.32% | 9.78% | 8.67% | 7.79% | 8.76% | 9.21% | 4.37% | 2.64% | 10.03% |
ROE
|
|||
Associated Banc-Corp peers in Banks Regional
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| ABCB Ameris Bancorp | $5.5B | 14.8× | Compare |
| AUB Atlantic Union Bankshares Corporation | $5.5B | 11.6× | Compare |
| GGAL Grupo Financiero Galicia S.A. | $5.3B | 19.6× | Compare |
| GBCI Glacier Bancorp, Inc. | $5.8B | 18.3× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| HOMB Home BancShares, Inc. | $5.8B | 12.1× | Compare |
| FLG Flagstar Bank, National Association | $5.1B | 414× | Compare |
| HWC Hancock Whitney Corporation | $5.9B | 14.4× | Compare |
| OZK Bank OZK | $5.1B | 7.7× | Compare |
Associated Banc-Corp (ASB) key facts
- Associated Banc-Corp (ASB) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
- Associated Banc-Corp’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 16.4% from fiscal 2024.
- As of September 25, 2026, ASB traded at $29.37, a market capitalization of $5.5 billion.
- Associated Banc-Corp pays an annual dividend of $0.84 per share, a yield of 4.46%, with a payout ratio of 32.8%.
- Return on equity was 10.0% and debt-to-equity 0.92.
Associated Banc-Corp (ASB) Latest News
18 Sep
Associated Banc-Corp adjusted its prime rate, with subsequent analysis highlighting the bank's potential undervaluation based on current valuation metrics and market positioning. Prime rate change affects lending spreads and net interest income while valuation discussion may influence short-term investor sentiment without altering long-term fundamentals.
26 Jul
Associated Banc-Corp (ASB) stock may be 8% undervalued after the company raised its 2026 guidance. Raised 2026 guidance points to stronger expected earnings and supports a higher valuation for Associated Banc-Corp.
24 Jul
Associated Banc-Corp reported strong loan growth and strategic progress during its Q2 2026 earnings call. Strong loan growth directly boosts core banking revenue and signals improved competitive positioning.
Associated Banc-Corp beat Q2 earnings estimates as net interest income and fee income rose year over year. Q2 earnings beat indicates improved income metrics without signaling major strategic or competitive shifts.
Associated Banc-Corp discussed Q2 2026 financial results and outlook on its earnings call. Q2 earnings call delivers financial metrics and guidance with moderate effect on near-term valuation.
23 Jul
Associated Banc-Corp held its Q2 earnings call, covering financial results, operational metrics, and strategic outlook for the bank. Q2 earnings updates supply performance data that can shift near-term investor sentiment for ASB without altering long-term strategy.
Associated Banc-Corp Q2 earnings key metrics highlight loan growth, net interest margin, deposit trends and credit quality indicators for the quarter. Q2 earnings metrics directly affect near-term investor views on the bank's profitability and balance sheet strength.
4 May
Associated Banc-Corp (ASB) posts stronger earnings and ramps up capital returns, sparking debate on whether this alters its investment narrative amid solid Q2 results, deposit growth, and optimistic outlook. Stronger earnings and capital returns represent significant positive developments in financial performance that could substantially enhance investor sentiment and market trajectory.
30 Apr
Associated Banc-Corp's 2026 annual meeting highlighted record 2025 income, outlined growth plans, and passed all shareholder votes. Record income and approved growth plans indicate strong financial performance and strategic expansion, significantly enhancing future prospects and market sentiment.
Associated Banc-Corp (ASB) Q1 earnings beat estimates, with revenues and expenses rising year-over-year. Q1 earnings beat with revenue growth provides moderately positive influence on financial performance and market sentiment.
28 Apr
Associated Banc-Corp announced annual meeting results including director elections, declared dividends, authorized a stock repurchase program, and established a new technology committee. Dividends and stock repurchase program signal financial strength and boost shareholder value, while the technology committee indicates strategic innovation focus.
24 Apr
Associated Banc-Corp's Q1 earnings beat expectations, fueled by rising revenues and declining provisions. Q1 earnings beat with revenue growth and lower provisions boosts short-term market sentiment and financial outlook.
Associated Banc-Corp released Q1 2026 earnings call summary detailing quarterly financial results, performance highlights, and forward guidance. Q1 earnings call summary discloses critical financial metrics and outlook that significantly shape ASB's market trajectory and investor sentiment.
Associated Banc-Corp (ASB) reported strong loan growth and strategic initiatives in Q1 2026 earnings call highlights. Strong loan growth and strategic initiatives signal major positive shifts in ASB's financial trajectory and market positioning.
23 Apr
Associated Banc-Corp (ASB) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates signals strong financial health, boosting investor confidence and stock performance.
Associated Banc-Corp reported first quarter 2026 net income available to common equity of $117 million, or $0.70 per common share. Q1 2026 earnings of $117 million or $0.70 per share signal strong financial health, likely driving positive investor sentiment and stock performance.
Associated Banc-Corp released highlights from its Q1 earnings call, covering financial results, performance metrics, and forward guidance. Q1 earnings call highlights offer insights into financial performance and outlook with moderately noticeable market influence.
Associated Banc-Corp (ASB) reported Q1 earnings, with key metrics analyzed for performance insights. Q1 earnings reports typically exert moderate influence on financial performance and investor sentiment.
22 Apr
Associated Banc-Corp (ASB) Q1 earnings preview emphasizes key metrics beyond headline EPS and revenue estimates, including net interest margin amid rate pressures, loan growth and deposit trends, credit quality in commercial real estate, noninterest income from wealth management, expense control, and capital ratios ahead of the April 25 release. Earnings preview shapes expectations for core banking metrics like NIM, loan quality, and expenses, potentially swaying short-term stock sentiment without fundamentally altering long-term trajectory.
21 Apr
Associated Banc-Corp launches Franchise Banking vertical to accelerate commercial growth. New Franchise Banking vertical targets commercial expansion, positioning ASB for significant revenue growth and competitive gains.
Associated Banc-Corp (ASB) offers impressive upside potential following its merger with American National Corp. Merger with American National Corp. constitutes a major strategic move boosting ASB's growth and investor sentiment.
16 Apr
Associated Banc-Corp (ASB) reports earnings next week, with Wall Street expecting growth. Upcoming earnings report with expected growth will moderately affect financial performance perception and market sentiment.
2 Apr
Associated Banc-Corp (ASB) completes acquisition of American National Bankshares, significantly expanding its footprint and scale across the Midwest region. Completing the American National acquisition markedly enhances ASB's Midwest presence, operational scale, and competitive positioning for improved long-term performance.
1 Apr
Associated Banc-Corp completed the acquisition of American National Corporation, accelerating growth momentum in attractive markets. The acquisition completion marks a major strategic expansion enhancing ASB's market presence and growth trajectory.
Associated Banc-Corp (ASB) faces scrutiny over its ability to sustain capital return strategy through dividends and buybacks, supported by strong CET1 ratio, deposit growth, and expense controls, but challenged by loan growth slowdown and net interest margin pressures. Evaluation of ASB's capital strength directly influences dividend sustainability and investor confidence in a competitive banking environment.
17 Mar
Associated Banc-Corp shifts leadership amid heightened investor attention to its attractive valuation and dividend. Leadership changes constitute a major strategic move likely to significantly influence the company's trajectory and investor sentiment.
12 Mar
Associated Banc-Corp has received regulatory approvals to acquire American National Corporation, advancing a key strategic expansion in the banking sector. Regulatory approval clears the path for Associated Banc-Corp's acquisition of American National Corporation, enabling significant growth in assets, market share, and regional presence.
27 Feb
Associated Banc-Corp (ASB) implements transformation and expansion strategies potentially driving revenue growth amid operational enhancements and market positioning. ASB's transformation and expansion directly target revenue acceleration through strategic operational shifts with substantial long-term performance implications.
11 Feb
Associated Banc-Corp (ASB) is highlighted as a strong dividend stock due to its consistent dividend payments, solid financial performance, and attractive yield compared to peers. The bank's focus on maintaining a healthy balance sheet and strategic growth initiatives further enhance its appeal to income-focused investors. Analysts suggest that ASB's commitment to returning value to shareholders positions it well in the current market environment, making it a compelling choice for dividend investors. The emphasis on consistent dividends and strategic growth initiatives indicates a significant impact on future performance and investor sentiment.
10 Feb
Associated Banc-Corp (ASB) is highlighted as one of three top-ranked dividend stocks that can enhance retirement income. The article emphasizes the importance of dividend-paying stocks in providing a steady income stream for retirees, showcasing ASB's strong financial performance and commitment to returning value to shareholders through dividends. Investors are encouraged to consider ASB as a viable option for boosting their retirement portfolios. ASB's recognition as a top-ranked dividend stock may moderately influence investor sentiment and financial performance.