ASB Stock Analysis: Associated Banc-Corp | NYSE
Banks - Regional | NYSE, USA | Market Cap: 5.790m USD | 12M Return: 24.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 69.2M
EPS Trend: 50.9%
Qual. Beats: 0
Rev. Trend: 82.3%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Associated Banc-Corp (NYSE: ASB) is a regional bank holding company founded in 1861 and headquartered in Green Bay, Wisconsin. It provides a broad suite of banking and nonbanking products to individuals and businesses across a primary footprint of Wisconsin, Illinois, Missouri, Texas, and Minnesota, with additional loan production offices in Indiana, Kansas, Michigan, New York, and Ohio.
The companys offerings span commercial and consumer lending, deposit and cash management, treasury services (including foreign exchange and interest rate risk management), fiduciary and wealth management, and retail transactional banking. As a regional bank, ASB operates a diversified revenue model that combines net interest income from lending activities with fee-based income from treasury management, wealth, and trust services - a structure typical of mid-cap regional banks seeking to offset margin pressure from core deposit and loan spreads.
- Net interest margin compresses as Fed cuts rates
- Commercial real estate exposure weighs on credit costs
- Midwest deposit franchise supports steady loan growth
| Net Income: 492.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.24 > 1.0 |
| NWC/Revenue: -576.3% < 20% (prev -1.46k%; Δ 887.3% < -1%) |
| CFO/TA 0.01 > 3% & CFO 653.4m > Net Income 492.7m |
| Net Debt (-1.57b) to EBITDA (716.0m): -2.19 < 3 |
| Current Ratio: 0.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (166.6m) vs 12m ago -0.03% < -2% |
| Gross Margin: 59.41% > 18% (prev 46.50%; Δ 12.91% > 0.5%) |
| Asset Turnover: 5.56% > 50% (prev 4.85%; Δ 0.71% > 0%) |
| Interest Coverage Ratio: 0.64 > 6 (EBIT TTM 609.7m / Interest Expense TTM 952.1m) |
| A: -0.31 (Total Current Assets 6.14b - Total Current Liabilities 20.4b) / Total Assets 45.6b |
| B: 0.07 (Retained Earnings 3.30b / Total Assets 45.6b) |
| C: 0.01 (EBIT TTM 609.7m / Avg Total Assets 44.5b) |
| D: 0.12 (Book Value of Equity 5.00b / Total Liabilities 40.6b) |
| Altman-Z'' = -1.59 = D |
| DSRI: 0.86 (Receivables 161.0m/159.7m, Revenue 2.47b/2.10b) |
| GMI: 0.78 (GM 46.50% / 59.41%) |
| AQI: 1.01 (AQ_t 0.86 / AQ_t-1 0.85) |
| SGI: 1.18 (Revenue 2.47b / 2.10b) |
| TATA: -0.00 (NI 492.7m - CFO 653.4m) / TA 45.6b) |
| Beneish M = -3.21 (Cap -4..+1) = AA |
As of July 08, 2026, the stock is trading at USD 30.70 with a total of 1,961,215 shares traded. Over the past week, the price has changed by -0.97%, over one month by +10.51%, over three months by +17.26% and over the past year by +24.58%.
Current recommended Stop Loss: 29.90 (which is 2.6% or 1.3 ATR below the current price).
Associated Banc-Corp has received a consensus analysts rating of 3.30. Therefore, it is recommended to hold ASB.
- StrongBuy: 1
- Buy: 1
- Hold: 8
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 31.8 | 3.5% |
P/E Trailing = 10.6424
P/E Forward = 10.5263
P/S = 3.9286
P/B = 1.205
P/EG = 1.7796
Revenue TTM = 2.47b USD
EBIT TTM = 609.7m USD
EBITDA TTM = 716.0m USD
Long Term Debt = 1.00b USD (from longTermDebt, last quarter)
Short Term Debt = 395.7m USD (from shortTermDebt, last quarter)
Debt = 4.41b USD (from shortLongTermDebtTotal, last quarter) + Leases 228k
Net Debt = -1.57b USD (calculated: Debt 4.41b - CCE 5.98b)
Enterprise Value = 4.22b USD (5.79b + Debt 4.41b - CCE 5.98b)
Interest Coverage Ratio = 0.64 (Ebit TTM 609.7m / Interest Expense TTM 952.1m)
EV/FCF = 6.85x (Enterprise Value 4.22b / FCF TTM 615.8m)
FCF Yield = 14.59% (FCF TTM 615.8m / Enterprise Value 4.22b)
FCF Margin = 24.89% (FCF TTM 615.8m / Revenue TTM 2.47b)
Net Margin = 19.92% (Net Income TTM 492.7m / Revenue TTM 2.47b)
Gross Margin = 59.41% ((Revenue TTM 2.47b - Cost of Revenue TTM 1.00b) / Revenue TTM)
Gross Margin QoQ = 61.61% (prev 61.30%)
Tobins Q-Ratio = 0.09 (Enterprise Value 4.22b / Total Assets 45.6b)
Interest Expense / Debt = 21.59% (Interest Expense 952.1m / Debt 4.41b)
Taxrate = 19.19% (117.0m / 609.7m)
NOPAT = 492.7m (EBIT 609.7m * (1 - 19.19%))
Current Ratio = 0.30 (Total Current Assets 6.14b / Total Current Liabilities 20.4b)
Debt / Equity = 0.88 (Debt 4.41b / totalStockholderEquity, last quarter 5.00b)
Debt / EBITDA = -2.19 (Net Debt -1.57b / EBITDA 716.0m)
Debt / FCF = -2.55 (Net Debt -1.57b / FCF TTM 615.8m)
Total Stockholder Equity = 4.91b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.11% (Net Income 492.7m / Total Assets 45.6b)
RoE = 10.04% (Net Income TTM 492.7m / Total Stockholder Equity 4.91b)
RoCE = 10.32% (EBIT 609.7m / Capital Employed (Equity 4.91b + L.T.Debt 1.00b))
RoIC = 1.08% (NOPAT 492.7m / Invested Capital 45.5b)
WACC = 13.25% (E(5.79b)/V(10.2b) * Re(10.05%) + D(4.41b)/V(10.2b) * Rd(21.59%) * (1-Tc(0.19)))
Discount Rate = 10.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 77.78 | Cagr: 4.74%
[DCF] Terminal Value 63.80% ; FCFF base≈561.5m ; Y1≈643.6m ; Y5≈947.2m
[DCF] Fair Price = 48.54 (EV 7.60b - Net Debt -1.57b = Equity 9.17b / Shares 188.9m; r=13.25% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 50.90 | EPS CAGR: 6.26% | SUE: 0.36 | # QB: 0
Revenue Correlation: 82.28 | Revenue CAGR: 7.07% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.72 | Chg30d=-1.18% | Revisions=+67% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.77 | Chg30d=-0.18% | Revisions=+62% | Analysts=8
EPS current Year (2026-12-31): EPS=2.97 | Chg30d=-0.29% | Revisions=+67% | GrowthEPS=+5.5% | GrowthRev=+18.4%
EPS next Year (2027-12-31): EPS=3.26 | Chg30d=+0.62% | Revisions=+50% | GrowthEPS=+9.6% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +81% (up=23, down=1)