NYSE:ASB.PRD

Stock Analysis Report

Executive Summary

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Associated Banc-Corp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.2%

NYSE:ASB.PRD

-1.8%

US Banks

-1.6%

US Market


1 Year Return

2.9%

NYSE:ASB.PRD

-16.1%

US Banks

-3.0%

US Market

ASB.PRD outperformed the Banks industry which returned -16.1% over the past year.

ASB.PRD outperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

ASB.PRDIndustryMarket
7 Day-0.2%-1.8%-1.6%
30 Day0.2%-10.1%-5.7%
90 Day2.7%-5.0%0.2%
1 Year8.8%2.9%-13.7%-16.1%-0.8%-3.0%
3 Yearn/a37.9%28.5%38.1%29.1%
5 Yearn/a49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Associated Banc-Corp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Associated Banc-Corp undervalued based on future cash flows and its price relative to the stock market?

11%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Associated Banc-Corp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Associated Banc-Corp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Associated Banc-Corp is good value based on earnings compared to the US Banks industry average.

Associated Banc-Corp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Associated Banc-Corp earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Associated Banc-Corp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Associated Banc-Corp expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

-0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Associated Banc-Corp's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).

Associated Banc-Corp's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Associated Banc-Corp's revenue growth is positive but not above the United States of America market average.

Associated Banc-Corp's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Associated Banc-Corp's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Associated Banc-Corp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Associated Banc-Corp performed over the past 5 years?

13.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Associated Banc-Corp's year on year earnings growth rate has been positive over the past 5 years.

Associated Banc-Corp's 1-year earnings growth exceeds its 5-year average (25.8% vs 13.6%)

Associated Banc-Corp's earnings growth has not exceeded the US Banks industry average in the past year (25.8% vs 33.1%).


Return on Equity

Associated Banc-Corp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Associated Banc-Corp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Associated Banc-Corp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Associated Banc-Corp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Associated Banc-Corp has an acceptable proportion of non-loan assets held.

Associated Banc-Corp has a sufficient allowance for bad loans.

Associated Banc-Corp's liabilities are made up of primarily low risk sources of funding.

Associated Banc-Corp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Associated Banc-Corp are broadly funded by customer deposits.

Associated Banc-Corp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Associated Banc-Corp's current dividend yield, its reliability and sustainability?

3.70%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Associated Banc-Corp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Associated Banc-Corp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Associated Banc-Corp's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Associated Banc-Corp's salary, the management and board of directors tenure and is there insider trading?

7.4yrs

Average management tenure


CEO

Phil Flynn (62yo)

9.7yrs

Tenure

US$5,172,842

Compensation

Mr. Philip B. Flynn, also known as Phil, has been President, Chief Executive Officer and Director of Associated Banc-Corp since December 2009. Mr. Flynn has more than 30 years of financial services industr ...


CEO Compensation Analysis

Phil 's remuneration is about average for companies of similar size in United States of America.

Phil 's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

7.4yrs

Average Tenure

53.5yo

Average Age

The average tenure for the Associated Banc-Corp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.2yrs

Average Tenure

65yo

Average Age

The tenure for the Associated Banc-Corp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Phil Flynn (62yo)

    President

    • Tenure: 9.7yrs
    • Compensation: US$5.17m
  • Randy Erickson (60yo)

    Executive VP

    • Tenure: 7.3yrs
    • Compensation: US$1.49m
  • Chris Del Moral-Niles (48yo)

    Executive VP & CFO

    • Tenure: 7.4yrs
    • Compensation: US$1.70m
  • Robb Timme

    Vice President of Investor Relations

    • Tenure: 0.0yrs
  • David Stein (56yo)

    Madison Market President of Associated Bank

    • Tenure: 12.2yrs
    • Compensation: US$1.19m
  • John Utz (51yo)

    Executive VP

    • Tenure: 8.2yrs
    • Compensation: US$1.53m
  • Tammy Stadler

    Corporate Controller & Principal Accounting Officer

    • Tenure: 0.0yrs
  • Christopher Piotrowski (44yo)

    Executive VP & Chief Marketing Officer

    • Tenure: 4.7yrs
  • Anthony Pecora

    Senior Vice President and Director of Compliance

    • Tenure: 3.7yrs
  • Mike Meinolf

    Executive VP & Chief Information Officer

    • Tenure: 0.9yrs

Board Members

  • William Hutchinson (77yo)

    Chairman of the Board

    • Tenure: 9.7yrs
    • Compensation: US$296.50k
  • John Bergstrom (73yo)

    Director

    • Tenure: 8.7yrs
    • Compensation: US$195.00k
  • Rick Lommen (53yo)

    Director

    • Tenure: 14.8yrs
    • Compensation: US$205.00k
  • Eileen Kamerick (61yo)

    Director

    • Tenure: 12.4yrs
    • Compensation: US$206.50k
  • Phil Flynn (62yo)

    President

    • Tenure: 9.7yrs
    • Compensation: US$5.17m
  • Bob Jeffe (68yo)

    Director

    • Tenure: 8.5yrs
    • Compensation: US$196.50k
  • Jay Williams (68yo)

    Director

    • Tenure: 8.1yrs
    • Compensation: US$205.00k
  • Karen van Lith (59yo)

    Director

    • Tenure: 15.3yrs
    • Compensation: US$205.00k
  • Robert Gerken (68yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$205.00k
  • Cory Nettles (49yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$195.00k

Company Information

Associated Banc-Corp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Associated Banc-Corp
  • Ticker: ASB.PRD
  • Exchange: NYSE
  • Founded: 1861
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.014b
  • Shares outstanding: 159.72m
  • Website: https://www.associatedbank.com

Number of Employees


Location

  • Associated Banc-Corp
  • 433 Main Street
  • Green Bay
  • Wisconsin
  • 54301
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASBNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1975
AB5DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1975
ASB.PRDNYSE (New York Stock Exchange)DEP PFD NONCUM DUSUSDSep 2016
ASB.PRENYSE (New York Stock Exchange)DEP SHS PFD EUSUSDSep 2018

Biography

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty se ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 00:52
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.