Associated Banc-Corp (ASB) vs Atlantic Union Bankshares Corporation (AUB)

Associated Banc-Corp and Atlantic Union Bankshares Corporation are both Banks Regional companies. Associated Banc-Corp and Atlantic Union Bankshares Corporation are of similar size ($5.5B and $5.5B). Associated Banc-Corp trades at the lower P/E: 10.2× against 11.6×. Atlantic Union Bankshares Corporation grew revenue faster over the last twelve months: 35.2% against 20.8%. Atlantic Union Bankshares Corporation has the higher net margin (21.4% vs 19.1%) and the higher return on invested capital (8.85% vs 4.38%). Both pay a dividend; Associated Banc-Corp yields more (4.46% vs 3.76%). Across the 20 metrics below, Associated Banc-Corp leads on 11 and Atlantic Union Bankshares Corporation on 9.

Valuation

Metric ASB AUB Banks Regional median
P/E 10.20 11.58 12.15
P/S 2.15 2.48 2.37
P/B 1.01 1.07 1.21
Price to free cash flow 8.13 10.48 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.45 2.39 2.27
Earnings yield 9.81% 8.64% 8.11%
Free cash flow yield 12.30% 9.54% 8.98%

Profitability

Metric ASB AUB Banks Regional median
Gross margin 62.64% 69.47% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.12% 21.44% 18.66%
Free cash flow margin 26.45% 23.71% 21.18%
Return on equity 9.80% 9.52% 10.64%
Return on assets 1.03% 1.26% 1.13%
Return on invested capital 4.38% 8.85% 8.33%

Growth

Metric ASB AUB Banks Regional median
Revenue growth (TTM) 20.78% 35.21% 6.61%
EPS growth (last fiscal year) 284.72% (9.38%) —
Revenue growth, 5-year CAGR 11.50% 21.06% 12.30%
Net income growth, 5-year CAGR 9.83% 11.41% 9.71%

Health

Metric ASB AUB Banks Regional median
Debt to equity 0.92 0.15 0.22
Current ratio 0.93 0.93 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric ASB AUB Banks Regional median
Dividend yield 4.46% 3.76% 3.75%
Payout ratio 0.33 0.43 0.27

Size

Metric ASB AUB Banks Regional median
Market cap 5.49b 5.50b 921.07m

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