Associated Banc-Corp Future Growth

Future criteria checks 4/6

Associated Banc-Corp is forecast to grow earnings and revenue by 32.1% and 15.3% per annum respectively. EPS is expected to grow by 34.5% per annum. Return on equity is forecast to be 8.4% in 3 years.

Key information

32.1%

Earnings growth rate

34.5%

EPS growth rate

Banks earnings growth	10.7%
Revenue growth rate	15.3%
Future return on equity	8.4%
Analyst coverage	Good
Last updated	17 Dec 2024

Recent future growth updates

Recent updates

A Downgrade Could Be On The Horizon For Associated Banc-Corp

Dec 08

Associated Banc-Corp (NYSE:ASB) Will Pay A Larger Dividend Than Last Year At $0.23

Nov 16

Associated Banc-Corp (NYSE:ASB) Is Increasing Its Dividend To $0.23

Nov 02

Associated Banc-Corp: Reset Rate Baby Bonds Offer Good Income

Sep 17

Associated Banc-Corp: Despite Recent Weaknesses, This Is Still A Bank To Bank On

Aug 16

Associated Banc-Corp: Baby Bond Presents Best Income Option

May 16

We Think The Compensation For Associated Banc-Corp's (NYSE:ASB) CEO Looks About Right

Apr 25

If EPS Growth Is Important To You, Associated Banc-Corp (NYSE:ASB) Presents An Opportunity

Oct 03

Associated Banc-Corp (NYSE:ASB) Is Increasing Its Dividend To $0.21

Aug 28

Associated Banc-Corp (NYSE:ASB) Has Announced That It Will Be Increasing Its Dividend To $0.21

Jul 29

Associated Banc-Corp: Limited Downside, Strong Upside Potential

Jul 21

Do Associated Banc-Corp's (NYSE:ASB) Earnings Warrant Your Attention?

Jun 08

Associated Banc-Corp's (NYSE:ASB) Upcoming Dividend Will Be Larger Than Last Year's

Apr 29

Earnings and Revenue Growth Forecasts

NYSE:ASB - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,529	440	N/A	N/A	6
12/31/2025	1,442	388	N/A	N/A	7
12/31/2024	1,321	299	N/A	N/A	5
9/30/2024	1,008	182	388	438	N/A
6/30/2024	998	177	480	532	N/A
3/31/2024	1,000	148	493	550	N/A
12/31/2023	1,020	170	381	443	N/A
9/30/2023	1,249	369	442	502	N/A
6/30/2023	1,268	382	477	536	N/A
3/31/2023	1,259	381	588	648	N/A
12/31/2022	1,207	352	784	847	N/A
9/30/2022	1,146	321	824	888	N/A
6/30/2022	1,116	312	722	788	N/A
3/31/2022	1,113	314	555	618	N/A
12/31/2021	1,146	332	477	530	N/A
9/30/2021	1,116	319	437	491	N/A
6/30/2021	1,044	275	442	494	N/A
3/31/2021	1,147	333	678	728	N/A
12/31/2020	1,121	286	495	550	N/A
9/30/2020	1,158	293	476	527	N/A
6/30/2020	1,247	332	730	790	N/A
3/31/2020	1,157	269	502	568	N/A
12/31/2019	1,201	310	507	574	N/A
9/30/2019	1,215	327	591	664	N/A
6/30/2019	1,222	331	378	451	N/A
3/31/2019	1,236	337	371	440	N/A
12/31/2018	1,235	321	431	497	N/A
9/30/2018	1,200	284	387	445	N/A
6/30/2018	1,158	263	N/A	255	N/A
3/31/2018	1,097	232	N/A	340	N/A
12/31/2017	1,048	219	N/A	458	N/A
9/30/2017	1,034	223	N/A	541	N/A
6/30/2017	1,015	212	N/A	856	N/A
3/31/2017	1,006	203	N/A	781	N/A
12/31/2016	990	189	N/A	641	N/A
9/30/2016	967	178	N/A	494	N/A
6/30/2016	957	173	N/A	308	N/A
3/31/2016	960	174	N/A	313	N/A
12/31/2015	968	179	N/A	301	N/A
9/30/2015	973	186	N/A	293	N/A
6/30/2015	977	188	N/A	182	N/A
3/31/2015	965	185	N/A	137	N/A
12/31/2014	956	184	N/A	200	N/A
9/30/2014	957	183	N/A	246	N/A
6/30/2014	942	178	N/A	411	N/A
3/31/2014	946	180	N/A	428	N/A
12/31/2013	949	182	N/A	478	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASB's forecast earnings growth (32.1% per year) is above the savings rate (2.6%).

Earnings vs Market: ASB's earnings (32.1% per year) are forecast to grow faster than the US market (15.3% per year).

High Growth Earnings: ASB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ASB's revenue (15.3% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: ASB's revenue (15.3% 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 (8.4%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 09:33
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Associated Banc-Corp is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David George	Baird
Matthew Keating	Barclays
Jared Shaw	Barclays

Associated Banc-Corp Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 27%

Price target increased by 8.0% to US$26.89

Associated Banc-Corp Provides Earnings Guidance for the Year 2024

Price target increased by 8.9% to US$22.65

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 11%

Recent updates

Associated Banc-Corp Announces Executive Appointments

Associated Banc-Corp Announces Executive Appointments

Associated Banc-Corp Announces Kristen Ludgate and Owen Sullivan Join Board of Directors

A Downgrade Could Be On The Horizon For Associated Banc-Corp

Consensus EPS estimates fall by 27%

Price target increased by 8.0% to US$26.89

Upcoming dividend of US$0.23 per share

New minor risk - Shareholder dilution

Associated Banc-Corp (NYSE:ASB) Will Pay A Larger Dividend Than Last Year At $0.23

Associated Banc-Corp has completed a Follow-on Equity Offering in the amount of $300 million.

Associated Banc-Corp has completed a Follow-on Equity Offering in the amount of $300 million.

Investor sentiment improves as stock rises 17%

Associated Banc-Corp (NYSE:ASB) Is Increasing Its Dividend To $0.23

Third quarter dividend increased to US$0.23

Executive VP notifies of intention to sell stock

Associated Bank Announces Executive Changes, November 1, 2024

Third quarter 2024 earnings: EPS exceeds analyst expectations

Associated Bank Appoints Rick Bruhn as Senior Vice President and Head of the Specialty Deposit and Payment Solutions National Vertical

Associated Banc-Corp to Report Q3, 2024 Results on Oct 24, 2024

Associated Banc-Corp: Reset Rate Baby Bonds Offer Good Income

Associated Banc-Corp Appoints Trevor D'souza as Senior Vice President of Commercial Banking

Upcoming dividend of US$0.22 per share

Associated Banc-Corp: Despite Recent Weaknesses, This Is Still A Bank To Bank On

Second quarter dividend of US$0.22 announced

Executive VP notifies of intention to sell stock

Associated Banc-Corp Declares Regular Quarterly Cash Dividend, Payable on September 16, 2024

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Associated Banc-Corp Announces Net Charge Offs for the Quarter Ended June 30, 2024

Associated Banc-Corp. Management Changes

Associated Banc-Corp to Report Q2, 2024 Results on Jul 25, 2024

Upcoming dividend of US$0.22 per share

Associated Banc-Corp: Baby Bond Presents Best Income Option

Associated Banc-Corp Adds Chun Schiros as Senior Vice President, Chief Analytics Officer

First quarter dividend of US$0.22 announced

Associated Banc-Corp Declares Regular Quarterly Dividend, Payable on June 17, 2024

Associated Banc-Corp Provides Earnings Guidance for the Year 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

We Think The Compensation For Associated Banc-Corp's (NYSE:ASB) CEO Looks About Right

Associated Banc-Corp to Report Q1, 2024 Results on Apr 25, 2024

Associated Banc-Corp, Annual General Meeting, Apr 30, 2024

Executive VP notifies of intention to sell stock

Associated Banc-Corp: Don't Bank On More Massive Upside (Rating Downgrade)

Upcoming dividend of US$0.22 per share

Fourth quarter dividend of US$0.22 announced

Associated Banc-Corp Announces Quarterly Dividend, Payable on March 15, 2024

New minor risk - Profit margin trend

Full year 2023 earnings: EPS and revenues miss analyst expectations

Associated Banc-Corp Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2023

Associated Bank Appoints Steven Zandpour as Executive Vice President, Director of Retail Banking

Is Now The Time To Put Associated Banc-Corp (NYSE:ASB) On Your Watchlist?

Price target increased by 8.9% to US$22.65

Associated Banc-Corp to Report Q4, 2023 Results on Jan 25, 2024

Executive VP notifies of intention to sell stock

Associated Banc-Corp: Compelling 8.8% Yielding Baby Bond

Executive VP notifies of intention to sell stock

Consensus EPS estimates fall by 12%

Upcoming dividend of US$0.22 per share at 5.0% yield

Associated Bank Appoints Phillip Trier as Evp, Commercial Banking

Consensus EPS estimates fall by 11%

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Associated Banc-Corp: A Great Price For A Stellar Bank

Associated Banc-Corp Appoints Gus Hernandez to the Role of Senior Vice President, Director of Business Banking

If EPS Growth Is Important To You, Associated Banc-Corp (NYSE:ASB) Presents An Opportunity

Associated Banc-Corp to Report Q3, 2023 Results on Oct 19, 2023

Price target increased by 7.7% to US$20.25

Associated Banc-Corp Announces Executive Changes

Associated Banc-Corp (NYSE:ASB) Is Increasing Its Dividend To $0.21

Associated Banc-Corp Announces Executive Changes

Associated Banc-Corp Appoints Tonjia Coverdale as Senior Vice President, Chief Strategy Officer in Operations and Technology