Associated Banc-Corp (ASB) is a publicly traded company in the Financial Services — Banks - Regional industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, and Minnesota. It offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset-based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, p...
Analysis Summary
Associated Banc-Corp reported revenue of $2.46B in the most recent fiscal year, growing at a 5-year CAGR of 11.8%. Net income reached $474.8M, with a 9.1% 5-year CAGR.
Trailing-twelve-month margins: gross margin 60.5%, operating margin 24.5%, net margin 19.7%. Free cash flow grew at 3.2% CAGR over 5 years.
At the current price of $29.61, ASB trades at a P/E of 10.30 and an ROE of 9.54%. Market capitalisation stands at $5.6B.
Balance sheet quality for ASB: current ratio of 0.3, net cash position of $1.80B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $579.3M represents 122% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $29.61 |
| Market Cap | $5.6B |
| Exchange | NYSE |
| Country | US |
Valuation Ratios
| P/E Ratio | 10.30 |
| Price / Book | 0.99 |
| EV / EBITDA | 11.54 |
| Dividend Yield | 3.23% |
Profitability
| Return on Equity | 9.54% |
| Return on Invested Capital | -3.81% |
| Return on Assets | 1.05% |
| Gross Margin | 60.54% |
| Operating Margin | 24.51% |
| Net Margin | 19.67% |
Financial Health
| Debt / Equity | 1.01 |
| Current Ratio | 1.38 |
| Piotroski F-Score | 5 |
| Altman Z-Score | -0.12 |
What to look at in Banking companies
- Efficiency Ratio (<=55%) — Operating expenses / revenue. Top banks below 55%.
- ROA (>=1%) — How much they earn per dollar of assets. ROE misleads in banks due to leverage.
- ROTCE (>=12%) — Return on Tangible Common Equity. Strips goodwill and intangibles.
- Equity / Assets (Tier 1 proxy) (>=8%) — Capital ratio proxy. FMP does not expose regulatory Tier 1 directly.
- P/B (1.0-1.5x) — Classic banking metric. <1x can be opportunity or distress.
- Sustainable dividend yield (>=2%, <8%) — EU banks pay 5-7% normally. >8% is distress signal.
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | $5.7B | 10.30 | 0.99 | 9.5% |
| CADE | Cadence Bank | $7.8B | 14.83 | 1.28 | 9.1% |
| FFIN | First Financial Bankshares, Inc. | $4.8B | 17.67 | 2.38 | 14.0% |
| IBOC | International Bancshares Corporation | $4.4B | 10.71 | 1.31 | 12.7% |
| TCBI | Texas Capital Bancshares, Inc. | $4.3B | 12.35 | 1.18 | 10.0% |
| BANF | BancFirst Corporation | $3.7B | 14.58 | 1.88 | 13.4% |
| IFS | Intercorp Financial Services Inc. | $6.1B | 9.79 | 1.59 | 16.9% |
| AVAL | Grupo Aval Acciones y Valores S.A. | $6.4B |
Price Performance
| 1 month | -3.02% |
| 3 months | +2.33% |
| Year-to-date | +15.99% |
| 1 year | +12.54% |
| 3 years | +70.94% |
52-Week Range
| 52-week High | $32.46 |
| 52-week Low | $23.86 |
| Avg Volume (90d) | 1.9M |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-09-01 | $0.2400 | 3.24% |
| 2026-06-01 | $0.2400 | 3.24% |
| 2026-03-02 | $0.2400 | 3.24% |
| 2025-12-01 | $0.2400 | 3.24% |
| 2025-09-02 | $0.2300 | 3.11% |
| 2025-06-02 | $0.2300 | 3.11% |
| 2025-03-03 | $0.2300 | 3.11% |
| 2024-12-02 | $0.2300 | 3.11% |
| 2024-09-03 | $0.2200 | 2.97% |
| 2024-06-03 | $0.2200 | 2.97% |
Related companies: AVAL · BANF · CADE · FFIN · IBOC · IFS · SFBS
Explore sector: Financial Services · Banks - Regional
More sections of ASB: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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