Associated Banc-Corp (ASB) vs AXOS FINANCIAL, INC (AX)

Associated Banc-Corp and AXOS FINANCIAL, INC are both Banks Regional companies. Associated Banc-Corp and AXOS FINANCIAL, INC are of similar size ($5.5B and $5.0B). Associated Banc-Corp trades at the lower P/E: 10.2× against 10.3×. Associated Banc-Corp grew revenue faster over the last twelve months: 20.8% against 12.5%. AXOS FINANCIAL, INC has the higher net margin (22.4% vs 19.1%) and the higher return on invested capital (14.0% vs 4.38%). Across the 19 metrics below, AXOS FINANCIAL, INC leads on 10 and Associated Banc-Corp on 9.

Valuation

Metric ASB AX Banks Regional median
P/E 10.20 10.26 12.15
P/S 2.15 2.30 2.37
P/B 1.01 1.59 1.21
Price to free cash flow 8.13 17.29 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.45 2.21 2.27
Earnings yield 9.81% 9.74% 8.11%
Free cash flow yield 12.30% 5.78% 8.98%

Profitability

Metric ASB AX Banks Regional median
Gross margin 62.64% 67.59% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.12% 22.39% 18.66%
Free cash flow margin 26.45% 13.29% 21.18%
Return on equity 9.80% 16.77% 10.64%
Return on assets 1.03% 1.79% 1.13%
Return on invested capital 4.38% 13.97% 8.33%

Growth

Metric ASB AX Banks Regional median
Revenue growth (TTM) 20.78% 12.54% 6.61%
EPS growth (last fiscal year) 284.72% 14.13% —
Revenue growth, 5-year CAGR 11.50% 24.82% 12.30%
Net income growth, 5-year CAGR 9.83% 17.87% 9.71%

Health

Metric ASB AX Banks Regional median
Debt to equity 0.92 0.35 0.22
Current ratio 0.93 1.08 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric ASB AX Banks Regional median
Dividend yield 4.46% — 3.75%
Payout ratio 0.33 0.00 0.27

Size

Metric ASB AX Banks Regional median
Market cap 5.49b 5.03b 921.07m

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