NYSE:ASB

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Associated Banc-Corp

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


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

-3.2%

ASB

-3.3%

US Banks

-2.4%

US Market


1 Year Return

-33.8%

ASB

-29.0%

US Banks

18.2%

US Market

Return vs Industry: ASB underperformed the US Banks industry which returned -27.1% over the past year.

Return vs Market: ASB underperformed the US Market which returned 19.9% over the past year.


Shareholder returns

ASBIndustryMarket
7 Day-3.2%-3.3%-2.4%
30 Day1.1%-0.2%4.2%
90 Day2.8%-1.1%6.3%
1 Year-30.9%-33.8%-26.4%-29.0%20.9%18.2%
3 Year-40.6%-46.1%-19.4%-26.1%41.2%31.8%
5 Year-17.3%-28.2%16.5%2.0%84.8%63.9%

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

Valuation

Is Associated Banc-Corp undervalued compared to its fair value and its price relative to the market?

6.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASB ($13.68) is trading above our estimate of fair value ($9.6)

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 (6.4x) compared to the US Banks industry average (9.9x).

PE vs Market: ASB is good value based on its PE Ratio (6.4x) 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?

5.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASB's dividend (5.26%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: ASB's dividend (5.26%) is in the top 25% of dividend payers in the US market (4.66%)


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 ($USD5.14M) is about average for companies of similar size in the US market ($USD4.44M).

Compensation vs Earnings: Phil 's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Philip Flynn
President10.83yrsUS$5.14m0.53%
$ 11.0m
Christopher Del Moral-Niles
Executive VP & CFO8.58yrsUS$1.62m0.067%
$ 1.4m
Randall Erickson
Executive VP8.5yrsUS$1.33m0.077%
$ 1.6m
David Stein
Executive VP and Head of Consumer & Business Banking13.33yrsUS$1.16m0.067%
$ 1.4m
John Utz
Executive VP9.33yrsUS$1.47m0.052%
$ 1.1m
Tammy Stadler
Corporate Controller & Principal Accounting Officerno datano data0.035%
$ 715.8k
Michael Meinolf
Executive VP & Chief Information Officer2.08yrsno data0.010%
$ 207.0k
Robb Timme
Senior VPno datano datano data
Anthony Pecora
Senior Vice President and Director of Compliance4.83yrsno datano data
Christopher Piotrowski
Executive VP & Chief Marketing Officer5.83yrsno data0.023%
$ 483.6k
Angie DeWitt
Executive VP & Chief Human Resources Officer1.5yrsno data0.010%
$ 215.8k
William Bohn
Executive VP and Head of Wealth Management & Institutional Services6.25yrsno data0.046%
$ 953.5k

7.4yrs

Average Tenure

52yo

Average Age

Experienced Management: ASB's management team is seasoned and experienced (7.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philip Flynn
President10.83yrsUS$5.14m0.53%
$ 11.0m
William Hutchinson
Chairman Emeritusno dataUS$295.00k0.037%
$ 774.7k
John Bergstrom
Independent Director9.83yrsUS$195.00k0.014%
$ 280.4k
Gale Klappa
Independent Director4.33yrsUS$195.00kno data
Eileen Kamerick
Independent Director13.58yrsUS$205.00k0.0037%
$ 77.5k
Robert Jeffe
Independent Director9.67yrsUS$195.00kno data
John Williams
Independent Chairman of the Boardno dataUS$227.50k0.0068%
$ 141.0k
Karen van Lith
Independent Director16.5yrsUS$205.00k0.0070%
$ 145.1k
Robert Gerken
Independent Director6yrsUS$205.00k0.0013%
$ 27.3k
Cory Nettles
Independent Director6.83yrsUS$195.00kno data
Judith Greffin
Independent Director3.5yrsUS$195.00kno data
Richard Lommen
Independent Director16.75yrsno datano 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$2.068b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASBNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1975
AB5DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1975
ASB.PRCNYSE (New York Stock Exchange)DEP SHS 1/40 CUSUSDJun 2015
ASB.PRDNYSE (New York Stock Exchange)DEP PFD NONCUM DUSUSDSep 2016
ASB.PRENYSE (New York Stock Exchange)DEP SHS PFD EUSUSDSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 05:54
End of Day Share Price2020/10/16 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.