| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
ASB Stock Overview
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota.
Associated Banc-Corp Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$24.33 |
| 52 Week High | US$25.55 |
| 52 Week Low | US$17.75 |
| Beta | 1.13 |
| 1 Month Change | 9.55% |
| 3 Month Change | 7.56% |
| 1 Year Change | 25.93% |
| 3 Year Change | 10.44% |
| 5 Year Change | -4.40% |
| Change since IPO | 350.27% |
Recent News & Updates
Associated Banc-Corp: Earnings Outlook Riding On Loan Initiatives
The new auto finance and equipment finance programs will likely reverse the declining loan trend. Further, ASB is planning to expand its asset-based lending program. ASB has surprisingly posted a large reversal of provisioning in the first three quarters of 2021. Provisions will likely return to a more normal level next year. The December 2022 target price suggests a small upside from the current market price. Further, ASB is offering a decent dividend yield.
Associated Banc-Corp's (NYSE:ASB) Shareholders Will Receive A Bigger Dividend Than Last Year
Associated Banc-Corp ( NYSE:ASB ) has announced that it will be increasing its dividend on the 15th of December to...
Shareholder Returns
| ASB | US Banks | US Market | |
|---|---|---|---|
| 7D | -4.4% | -8.1% | -6.1% |
| 1Y | 25.9% | 24.9% | 4.2% |
Return vs Industry: ASB underperformed the US Banks industry which returned 28% over the past year.
Return vs Market: ASB exceeded the US Market which returned 6.6% over the past year.
Price Volatility
| ASB volatility | |
|---|---|
| ASB Average Weekly Movement | 4.4% |
| Banks Industry Average Movement | 3.9% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.6% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: ASB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ASB's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1861 | 4,006 | Andy Harmening | https://www.associatedbank.com |
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Its Corporate and Commercial Specialty segment offers savings, money market deposit accounts, IRA accounts, and certificates of deposit; 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.
Associated Banc-Corp Fundamentals Summary
| ASB fundamental statistics | |
|---|---|
| Market Cap | US$3.59b |
| Earnings (TTM) | US$319.43m |
| Revenue (TTM) | US$1.12b |
11.2x
P/E Ratio0.9x
P/B RatioIs ASB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ASB income statement (TTM) | |
|---|---|
| Revenue | US$1.12b |
| Cost of Revenue | US$0 |
| Gross Profit | US$1.12b |
| Expenses | US$796.24m |
| Earnings | US$319.43m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.17 |
| Gross Margin | 100.00% |
| Net Profit Margin | 28.63% |
| Debt/Equity Ratio | 55.8% |
How did ASB perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield35%
Payout RatioValuation
Is Associated Banc-Corp undervalued compared to its fair value and its price relative to the market?
19.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ASB ($24.33) is trading below our estimate of fair value ($30.31)
Significantly Below Fair Value: ASB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ASB is poor value based on its PE Ratio (11.2x) compared to the US Banks industry average (11x).
PE vs Market: ASB is good value based on its PE Ratio (11.2x) compared to the US market (16.7x).
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 (0.9x) compared to the US Banks industry average (1.2x).
Future Growth
How is Associated Banc-Corp forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
-7.4%
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 (-7.4% per year).
Earnings vs Market: ASB's earnings are forecast to decline over the next 3 years (-7.4% per year).
High Growth Earnings: ASB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ASB's revenue (6.2% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: ASB's revenue (6.2% per year) is forecast to grow slower than 20% 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 (7.4%).
Past Performance
How has Associated Banc-Corp performed over the past 5 years?
9.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASB has high quality earnings.
Growing Profit Margin: ASB's current net profit margins (28.6%) are higher than last year (25.3%).
Past Earnings Growth Analysis
Earnings Trend: ASB's earnings have grown by 9.7% per year over the past 5 years.
Accelerating Growth: ASB's earnings growth over the past year (9.1%) is below its 5-year average (9.7% per year).
Earnings vs Industry: ASB earnings growth over the past year (9.1%) underperformed the Banks industry 43.4%.
Return on Equity
High ROE: ASB's Return on Equity (8.5%) is considered low.
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 (8.6x) is low.
Allowance for Bad Loans: ASB has a sufficient allowance for bad loans (215%).
Low Risk Liabilities: 91% 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 (68%).
Low Risk Deposits: ASB's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: ASB has an appropriate level of bad loans (0.6%).
Dividend
What is Associated Banc-Corp current dividend yield, its reliability and sustainability?
3.29%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASB's dividend (3.29%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: ASB's dividend (3.29%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: ASB's dividends per share have been stable 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 (35.1%), 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 well covered by earnings (42.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.4yrs
Average management tenure
CEO
Andy Harmening (52 yo)
0.75
Tenure
Mr. Andrew J. Harmening, also known as Andy, serves as President and Chief Executive Officer at Associated Banc-Corp and Associated Bank, National Association since April 28, 2021. He serves as President o...
Leadership Team
Experienced Management: ASB's management team is seasoned and experienced (8.4 years average tenure).
Board Members
Experienced Board: ASB's board of directors are considered experienced (8.1 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 employee growth, exchange listings and data sources
Key Information
- Name: Associated Banc-Corp
- Ticker: ASB
- Exchange: NYSE
- Founded: 1861
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$3.587b
- Shares outstanding: 147.42m
- Website: https://www.associatedbank.com
Number of Employees
Location
- Associated Banc-Corp
- 433 Main Street
- Green Bay
- Wisconsin
- 54301
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:35 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.