Associated Banc-Corp
Market Cap
US$2.1b
Last Updated
2020/10/22 00:03 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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 27.2% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.4%
ASB
0.3%
US Banks
-1.4%
US Market
1 Year Return
-32.1%
ASB
-28.7%
US Banks
17.8%
US Market
Return vs Industry: ASB underperformed the US Banks industry which returned -28.5% over the past year.
Return vs Market: ASB underperformed the US Market which returned 18.5% over the past year.
Shareholder returns
| ASB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 0.3% | -1.4% |
| 30 Day | 10.3% | 5.8% | 4.7% |
| 90 Day | 0.07% | -0.5% | 8.2% |
| 1 Year | -29.1%-32.1% | -26.1%-28.7% | 20.5%17.8% |
| 3 Year | -41.0%-46.5% | -19.3%-26.0% | 42.2%32.7% |
| 5 Year | -18.6%-29.3% | 14.8%0.6% | 83.4%62.7% |
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
2 weeks ago | Simply Wall St
Have Insiders Been Buying Associated Banc-Corp (NYSE:ASB) Shares This Year?1 month ago | Simply Wall St
Associated Banc-Corp (NYSE:ASB) Share Prices Have Dropped 44% In The Last Three Years1 month ago | Simply Wall St
Should You Buy Associated Banc-Corp (NYSE:ASB) For Its Upcoming Dividend?Valuation
Is Associated Banc-Corp undervalued compared to its fair value and its price relative to the market?
6.46x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASB ($13.77) is trading above our estimate of fair value ($9.57)
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 (6.5x) compared to the US Banks industry average (10x).
PE vs Market: ASB is good value based on its PE Ratio (6.5x) compared to the US market (19x).
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 10 analysts?
-27.2%
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 (-27.2% per year).
Earnings vs Market: ASB's earnings are forecast to decline over the next 3 years (-27.2% 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 (-8.1% per year).
High Growth Revenue: ASB's revenue is forecast to decline over the next 3 years (-8.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ASB's Return on Equity is forecast to be low in 3 years time (5.3%).
Next Steps
Past Performance
How has Associated Banc-Corp performed over the past 5 years?
14.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASB has high quality earnings.
Growing Profit Margin: ASB's current net profit margins (26.6%) are lower than last year (27.1%).
Past Earnings Growth Analysis
Earnings Trend: ASB's earnings have grown by 14.7% per year over the past 5 years.
Accelerating Growth: ASB's earnings growth over the past year (0.4%) is below its 5-year average (14.7% per year).
Earnings vs Industry: ASB earnings growth over the past year (0.4%) exceeded the Banks industry -3%.
Return on Equity
High ROE: ASB's Return on Equity (8.7%) 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 (8.8x) is low.
Allowance for Bad Loans: ASB has a sufficient allowance for bad loans (212%).
Low Risk Liabilities: 84% 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 (69%).
Low Risk Deposits: ASB's Loans to Deposits ratio (92%) is appropriate.
Level of Bad Loans: ASB has an appropriate level of bad loans (0.7%).
Next Steps
Dividend
What is Associated Banc-Corp current dividend yield, its reliability and sustainability?
5.23%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASB's dividend (5.23%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: ASB's dividend (5.23%) is in the top 25% of dividend payers in the US market (4.68%)
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 (33.3%), ASB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASB's dividends in 3 years are forecast to be covered by earnings (58.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.4yrs
Average management tenure
CEO
Phil Flynn (63 yo)
10.83yrs
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 ($USD4.48M).
Compensation vs Earnings: Phil 's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.83yrs | US$5.14m | 0.53% $ 11.1m | |
| Executive VP & CFO | 8.58yrs | US$1.62m | 0.067% $ 1.4m | |
| Executive VP | 8.5yrs | US$1.33m | 0.077% $ 1.6m | |
| Executive VP and Head of Consumer & Business Banking | 13.33yrs | US$1.16m | 0.067% $ 1.4m | |
| Executive VP | 9.33yrs | US$1.47m | 0.052% $ 1.1m | |
| Corporate Controller & Principal Accounting Officer | no data | no data | 0.035% $ 725.9k | |
| Executive VP & Chief Information Officer | 2.08yrs | no data | 0.010% $ 208.3k | |
| Senior VP | no data | no data | no data | |
| Senior Vice President and Director of Compliance | 4.83yrs | no data | no data | |
| Executive VP & Chief Marketing Officer | 5.83yrs | no data | 0.023% $ 486.8k | |
| Executive VP & Chief Human Resources Officer | 1.5yrs | no data | 0.010% $ 217.3k | |
| Executive VP and Head of Wealth Management & Institutional Services | 6.25yrs | no data | 0.046% $ 959.8k |
7.4yrs
Average Tenure
52yo
Average Age
Experienced Management: ASB's management team is seasoned and experienced (7.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.83yrs | US$5.14m | 0.53% $ 11.1m | |
| Chairman Emeritus | no data | US$295.00k | 0.037% $ 779.8k | |
| Independent Director | 9.83yrs | US$195.00k | 0.014% $ 282.2k | |
| Independent Director | 4.33yrs | US$195.00k | no data | |
| Independent Director | 13.58yrs | US$205.00k | 0.0037% $ 78.0k | |
| Independent Director | 9.67yrs | US$195.00k | no data | |
| Independent Chairman of the Board | no data | US$227.50k | 0.0068% $ 141.9k | |
| Independent Director | 16.5yrs | US$205.00k | 0.0070% $ 146.1k | |
| Independent Director | 6yrs | US$205.00k | 0.0013% $ 27.5k | |
| Independent Director | 6.83yrs | US$195.00k | no data | |
| Independent Director | 3.5yrs | US$195.00k | no data | |
| Independent Director | 16.75yrs | no data | no data |
9.8yrs
Average Tenure
69yo
Average Age
Experienced Board: ASB's board of directors are considered experienced (9.8 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$2.081b
- Shares outstanding: 151.13m
- 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 se ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 00:03 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| 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.