Associated Banc-Corp
Market Cap
US$3.3b
Last Updated
2019/10/19 23:32 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.
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
3.6%
ASB
2.7%
US Banks
0.4%
US Market
1 Year Return
-10.9%
ASB
2.7%
US Banks
6.9%
US Market
Return vs Industry: ASB underperformed the US Banks industry which returned 2.7% over the past year.
Return vs Market: ASB underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| ASB | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | 2.7% | 0.4% |
| 30 Day | 1.2% | 0.7% | -1.1% |
| 90 Day | -0.3% | 3.0% | -0.5% |
| 1 Year | -8.0%-10.9% | 5.7%2.7% | 9.3%6.9% |
| 3 Year | 13.3%5.2% | 52.1%41.6% | 45.8%36.4% |
| 5 Year | 31.0%16.3% | 69.2%50.7% | 62.9%45.1% |
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
3 days ago | Simply Wall St
Is It Time To Consider Buying Associated Banc-Corp (NYSE:ASB)?2 weeks ago | Simply Wall St
How Should Investors Feel About Associated Banc-Corp's (NYSE:ASB) CEO Pay?4 weeks ago | Simply Wall St
Associated Banc-Corp's (NYSE:ASB) 3.4% Dividend Yield Looks Pretty InterestingValuation
Is Associated Banc-Corp undervalued compared to its fair value and its price relative to the market?
10.25x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: ASB ($20.51) is trading above our estimate of fair value ($20.48)
Significantly Undervalued: 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 (10.3x) compared to the Banks industry average (12.6x).
PE vs Market: ASB is good value based on its PE Ratio (10.3x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low 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).
Next Steps
Future Growth
How is Associated Banc-Corp forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
-3.6%
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 (-3.6% per year).
Earnings vs Market: ASB's earnings are forecast to decline over the next 3 years (-3.6% per year).
High Growth Earnings: ASB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ASB's revenue (2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: ASB's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: ASB's Return on Equity is forecast to be low in 3 years time (8.5%).
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
Earnings Trend: ASB's earnings have grown by 13.6% per year over the past 5 years.
Accelerating Growth: ASB's earnings growth over the past year (25.8%) exceeds its 5-year average (13.6% per year).
Earnings vs Industry: ASB earnings growth over the past year (25.8%) underperformed the Banks industry 29.6%.
Return on Equity
High ROE: ASB's Return on Equity (8.9%) is considered low.
Return on Assets
ROA vs Industry: ASB's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate ASB's Return on Capital Employed to determine if it has improved over the past 3 years.
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
Inventory Level: ASB has a low level of unsold assets or inventory.
Debt Coverage by Assets: ASB's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: ASB's level of assets compared to its equity is low.
Allowance for Bad Loans: ASB has a sufficient allowance for bad loans.
Low Risk Liabilities: ASB's liabilities are made up of primarily low risk sources of funding.
Loan Level: ASB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ASB's loans are broadly funded by customer deposits.
Level of Bad Loans: ASB has an appropriate level of bad loans (0.72%)
Next Steps
Dividend
What is Associated Banc-Corp's current dividend yield, its reliability and sustainability?
3.32%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ASB's dividend (3.32%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ASB's dividend (3.32%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stable Dividend: ASB's dividend payments have been volatile in the past 10 years.
Growing Dividend: ASB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33%), 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 (40.6% payout ratio).
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?
7.5yrs
Average management tenure
CEO
Phil Flynn (62yo)
9.8yrs
Tenure
US$5,172,842
Compensation
Mr. Philip B. Flynn, also known as Phil, has been President, Chief Executive Officer and Director of Associated Banc-Corp since December 2009. Mr. Flynn has more than 30 years of financial services industr ...
CEO Compensation Analysis
Compensation vs. Market: Phil 's total compensation ($USD5.17M) is about average for companies of similar size in the US market ($USD5.11M).
Compensation vs Earnings: Phil 's compensation has been consistent with company performance over the past year.
Management Age and Tenure
7.5yrs
Average Tenure
53.5yo
Average Age
Experienced Management: ASB's management team is seasoned and experienced (7.5 years average tenure).
Board Age and Tenure
9.3yrs
Average Tenure
65yo
Average Age
Experienced Board: ASB's board of directors are considered experienced (9.3 years average tenure).
Insider Trading
Insider Buying: ASB insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive VP |
| Shares | 3,000 |
| Max Price | US$20.06 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 3,972 |
| Max Price | US$20.28 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$20.33 |
| Entity | Individual |
| Role | Senior Key Executive Madison Market President of Associated Bank |
| Shares | 5,000 |
| Max Price | US$23.13 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,060 |
| Max Price | US$23.06 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP |
| Shares | 7,500 |
| Max Price | US$23.06 |
| Entity | Individual |
| Role | Senior Key Executive Madison Market President of Associated Bank |
| Shares | 6,000 |
| Max Price | US$22.64 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 9,881 |
| Max Price | US$23.17 |
| Entity | Individual |
| Shares | 12,000 |
| Max Price | US$22.54 |
| Entity | Individual |
| Role | Chief Accounting Officer Corporate Controller & Principal Accounting Officer |
| Shares | 3,500 |
| Max Price | US$22.25 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 2,239 |
| Max Price | US$20.86 |
| Entity | Individual |
| Shares | 106.6 |
| Max Price | US$22.82 |
Ownership Breakdown
Management Team
Phil Flynn (62yo)
President
- Tenure: 9.8yrs
- Compensation: US$5.17m
Randy Erickson (60yo)
Executive VP
- Tenure: 7.5yrs
- Compensation: US$1.49m
Chris Del Moral-Niles (48yo)
Executive VP & CFO
- Tenure: 7.6yrs
- Compensation: US$1.70m
Robb Timme
Vice President of Investor Relations
- Tenure: 0yrs
David Stein (56yo)
Madison Market President of Associated Bank
- Tenure: 12.3yrs
- Compensation: US$1.19m
John Utz (51yo)
Executive VP
- Tenure: 8.3yrs
- Compensation: US$1.53m
Tammy Stadler
Corporate Controller & Principal Accounting Officer
- Tenure: 0yrs
Christopher Piotrowski (44yo)
Executive VP & Chief Marketing Officer
- Tenure: 4.8yrs
Anthony Pecora
Senior Vice President and Director of Compliance
- Tenure: 3.8yrs
Mike Meinolf
Executive VP & Chief Information Officer
- Tenure: 1.1yrs
Board Members
William Hutchinson (77yo)
Chairman of the Board
- Tenure: 9.8yrs
- Compensation: US$296.50k
John Bergstrom (73yo)
Independent Director
- Tenure: 8.8yrs
- Compensation: US$195.00k
Rick Lommen (53yo)
Independent Director
- Tenure: 15yrs
- Compensation: US$205.00k
Eileen Kamerick (61yo)
Independent Director
- Tenure: 12.6yrs
- Compensation: US$206.50k
Phil Flynn (62yo)
President
- Tenure: 9.8yrs
- Compensation: US$5.17m
Bob Jeffe (68yo)
Independent Director
- Tenure: 8.7yrs
- Compensation: US$196.50k
Jay Williams (68yo)
Independent Director
- Tenure: 8.3yrs
- Compensation: US$205.00k
Karen van Lith (59yo)
Independent Director
- Tenure: 15.5yrs
- Compensation: US$205.00k
Robert Gerken (68yo)
Director
- Tenure: 5yrs
- Compensation: US$205.00k
Cory Nettles (49yo)
Director
- Tenure: 5.8yrs
- 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
- Exchange: NYSE
- Founded: 1861
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$3.276b
- 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
| 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.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 | 2019/10/19 23:32 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.