Associated Banc-Corp
Market Cap
US$2.3b
Last Updated
2020/06/04 01:56 UTC
Data Sources
Company Financials +
Executive Summary
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -2% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet average dividend payer.
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
Stable Share Price: ASB's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.9%
ASB
0.6%
US Banks
2.4%
US Market
1 Year Return
-28.0%
ASB
-19.4%
US Banks
9.2%
US Market
Return vs Industry: ASB underperformed the US Banks industry which returned -19.4% over the past year.
Return vs Market: ASB underperformed the US Market which returned 9.2% over the past year.
Shareholder returns
| ASB | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | 0.6% | 2.4% |
| 30 Day | 9.4% | 10.2% | 10.2% |
| 90 Day | -4.6% | -11.9% | 3.4% |
| 1 Year | -25.0%-28.0% | -16.6%-19.4% | 11.6%9.2% |
| 3 Year | -33.9%-39.6% | -5.8%-13.2% | 33.7%24.9% |
| 5 Year | -16.5%-27.0% | 15.0%1.2% | 59.7%41.8% |
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
1 week ago | Simply Wall St
Here's What We Like About Associated Banc-Corp's (NYSE:ASB) Upcoming Dividend2 weeks ago | Simply Wall St
Associated Banc-Corp Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now3 weeks ago | Simply Wall St
Did Changing Sentiment Drive Associated Banc-Corp's (NYSE:ASB) Share Price Down A Worrying 51%?Valuation
Is Associated Banc-Corp undervalued compared to its fair value and its price relative to the market?
8.78x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASB ($14.91) is trading above our estimate of fair value ($11.7)
Significantly Below Fair Value: ASB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ASB is good value based on its PE Ratio (8.8x) compared to the Banks industry average (9.7x).
PE vs Market: ASB is good value based on its PE Ratio (8.8x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: ASB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ASB is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Associated Banc-Corp forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-2.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASB's earnings are forecast to decline over the next 3 years (-2% per year).
Earnings vs Market: ASB's earnings are forecast to decline over the next 3 years (-2% per year).
High Growth Earnings: ASB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ASB's revenue is expected to decline over the next 3 years (-2.6% per year).
High Growth Revenue: ASB's revenue is forecast to decline over the next 3 years (-2.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ASB's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Associated Banc-Corp performed over the past 5 years?
14.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASB has high quality earnings.
Growing Profit Margin: ASB's current net profit margins (23.2%) are lower than last year (27.2%).
Past Earnings Growth Analysis
Earnings Trend: ASB's earnings have grown by 14.3% per year over the past 5 years.
Accelerating Growth: ASB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ASB had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Banks industry average (2.8%).
Return on Equity
High ROE: ASB's Return on Equity (7.5%) is considered low.
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
Financial Institutions Analysis
Asset Level: ASB's Assets to Equity ratio (8.9x) is low.
Allowance for Bad Loans: ASB has a sufficient allowance for bad loans (247%).
Low Risk Liabilities: 85% of ASB's liabilities are made up of primarily low risk sources of funding.
Loan Level: ASB has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: ASB's Loans to Deposits ratio (94%) is appropriate.
Level of Bad Loans: ASB has an appropriate level of bad loans (0.6%).
Next Steps
Dividend
What is Associated Banc-Corp's current dividend yield, its reliability and sustainability?
4.83%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASB's dividend (4.83%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: ASB's dividend (4.83%) is in the top 25% of dividend payers in the US market (4.39%)
Stability and Growth of Payments
Stable Dividend: ASB's dividend payments have been volatile in the past 10 years.
Growing Dividend: ASB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.2%), ASB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.2yrs
Average management tenure
CEO
Phil Flynn (62yo)
10.5yrs
Tenure
US$5,140,297
Compensation
Mr. Philip B. Flynn, also known as Phil, has been President, Chief Executive Officer and Director of Associated Banc-Corp since December 2009. Mr. Flynn has more than 30 years of financial services industr ...
CEO Compensation Analysis
Compensation vs Market: Phil 's total compensation ($USD5.14M) is about average for companies of similar size in the US market ($USD4.72M).
Compensation vs Earnings: Phil 's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.5yrs | US$5.14m | 0.53% $11.9m | |
| Executive VP & CFO | 8.25yrs | US$1.62m | 0.064% $1.4m | |
| Executive VP | 8.17yrs | US$1.33m | 0.077% $1.7m | |
| Executive VP and Head of Consumer & Business Banking | 13yrs | US$1.16m | 0.066% $1.5m | |
| Executive VP | 9yrs | US$1.47m | 0.052% $1.2m | |
| Corporate Controller & Principal Accounting Officer | no data | no data | 0.037% $824.0k | |
| Executive VP & Chief Information Officer | 1.75yrs | no data | 0.0099% $223.9k | |
| Senior VP | no data | no data | no data | |
| Senior Vice President and Director of Compliance | 4.5yrs | no data | no data | |
| Executive VP & Chief Marketing Officer | 5.5yrs | no data | 0.023% $527.1k |
8.2yrs
Average Tenure
51yo
Average Age
Experienced Management: ASB's management team is seasoned and experienced (8.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.5yrs | US$5.14m | 0.53% $11.9m | |
| Independent Chairman of the Board | 10.5yrs | US$295.00k | 0.037% $844.3k | |
| Independent Director | 9.5yrs | US$195.00k | 0.014% $305.7k | |
| Independent Director | 13.25yrs | US$205.00k | 0.0038% $84.7k | |
| Independent Director | 9.33yrs | US$195.00k | no data | |
| Independent Director | 8.92yrs | US$227.50k | 0.0068% $153.8k | |
| Independent Director | 16.17yrs | US$205.00k | 0.0070% $158.4k | |
| Independent Director | 5.67yrs | US$205.00k | 0.0013% $29.7k | |
| Independent Director | 6.5yrs | US$195.00k | no data | |
| Independent Director | 16.42yrs | no data | no data |
10.0yrs
Average Tenure
68yo
Average Age
Experienced Board: ASB's board of directors are seasoned and experienced ( 10 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ASB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Associated Banc-Corp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Associated Banc-Corp
- Ticker: ASB
- Exchange: NYSE
- Founded: 1861
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.253b
- Shares outstanding: 151.08m
- Website: https://www.associatedbank.com
Number of Employees
Location
- Associated Banc-Corp
- 433 Main Street
- Green Bay
- Wisconsin
- 54301
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ASB | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 1975 |
| AB5 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1975 |
| ASB.PRC | NYSE (New York Stock Exchange) | DEP SHS 1/40 C | US | USD | Jun 2015 | |
| ASB.PRD | NYSE (New York Stock Exchange) | DEP PFD NONCUM D | US | USD | Sep 2016 | |
| ASB.PRE | NYSE (New York Stock Exchange) | DEP SHS PFD E | US | USD | Sep 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 segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. This segment also provides specialized financial services comprising interest rate risk management, foreign exchange solutions, and commodity hedging. The company’s Community, Consumer, and Business segment offers checking, credit, debit and pre-paid cards, online banking and bill pay, and money transfer services; residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; savings, money market deposit accounts, IRA accounts, certificates of deposit, and fixed and variable annuities, as well as full-service, discount, and online investment brokerage; investment advisory services; trust and investment management accounts; and insurance and other related products and services. This segment also engages in the administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management services. Its Risk Management and Shared Services segment provides corporate risk management, credit administration, finance, treasury, operations, and technology services. As of December 31, 2019, the company operated 248 banking branches serving over 120 communities. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 01:56 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.