Wall Street analyst estimates for Associated Banc-Corp (ASB): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
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...
Consensus price target
$34.40 (+11 % vs price $30.93)
between $33.00 and $35.00 · 4 targets published in the last quarter
Closing price, Nov 3
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $1.8B | $1.8B – $1.8B | $3.05 | 7 |
| 2027E | $1.9B | $1.9B – $1.9B | $3.42 | 8 |
| 2028E | $2.0B | $2.0B – $2.1B | $3.81 | 5 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 6 |
| Hold | 12 |
| Sell | 2 |
| Strong Sell | 0 |
| Total analysts | 20 |
| Avg rating (−2 sell to +2 buy) | 0.20 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-28 | $0.80 | ||
| 2026-10-22 | $0.81 | $0.77 | +4.7% |
| 2026-07-23 | $0.66 | $0.72 | -8.6% |
| 2026-04-23 | $0.70 | $0.69 | +1.4% |
| 2026-01-22 | $0.80 | $0.69 | +15.9% |
| 2025-10-23 | $0.73 | $0.68 | +7.8% |
| 2025-07-24 | $0.65 | $0.62 | +4.8% |
| 2025-04-24 | $0.59 | $0.58 | +2.3% |
Valuation Ratios
| P/E Ratio | 10.70 |
| Price / Book | 1.05 |
| Dividend Yield | 3.10% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | $1.07B | $1.23B | $1.21B | $1.26B | $1.05B | $1.23B | $1.10B | $1.03B | $1.49B |
| Cost of Revenue | $70.0M | $26.0M | 0 | $16.0M | $174.0M | -$15.7M | $33.0M | $83.0M | $85.0M | $54.0M |
| Gross Profit | $990.2M | $1.04B | $1.23B | $1.19B | $1.08B | $1.14B | $1.20B | $1.01B | $944.4M | $1.43B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $485.8M | $489.2M | $543.6M | $532.9M | $470.9M | $466.0M | $502.3M | $563.8M | $554.5M | $597.0M |
| Operating Expenses | $702.6M | $701.8M | $814.4M | $785.1M | $756.0M | $700.7M | $741.1M | $808.3M | $809.9M | $855.6M |
| Operating Income | $287.6M | $338.8M | $413.3M | $406.5M | $327.0M | $436.3M | $459.6M | $206.1M | $134.5M | $577.9M |
| EBITDA | $394.1M | $435.3M | $491.0M | $510.6M | $435.4M | $506.7M | $528.5M | $300.4M | $237.0M | $680.0M |
| Interest Expense | $84.3M | $145.4M | $274.6M | $336.9M | $149.9M | $72.3M | $187.9M | $918.5M | $1.08B | $971.6M |
| Pre-tax Income | $287.6M | $338.8M | $413.3M | $406.5M | $327.0M | $436.3M | $459.6M | $206.1M | $134.5M | $577.9M |
| Income Tax | $87.3M | $109.5M | $79.8M | $79.7M | $20.2M | $85.3M | $93.5M | $23.1M | $11.3M | $103.1M |
| Net Income | $200.3M | $229.3M | $333.6M | $326.8M | $306.8M | $351.0M | $366.1M | $183.0M | $123.1M | $474.8M |
| EPS | $1.27 | $1.45 | $1.92 | $1.93 | $1.87 | $2.20 | $2.36 | $1.14 | $0.73 | $2.81 |
| EPS (Diluted) | $1.26 | $1.42 | $1.89 | $1.91 | $1.86 | $2.18 | $2.34 | $1.13 | $0.72 | $2.77 |
| Shares Outstanding (Diluted) | 150.0 M | 153.6 M | 169.7 M | 161.9 M | 153.6 M | 152.0 M | 150.5 M | 150.9 M | 153.3 M | 166.6 M |
Price
| Price | $30.93 (closing price, November 3, 2026) |
| Market Cap | $5.1B |
| Exchange | NYSE |
| Country | US |
Related companies: FFIN · IBOC · TCBI · BANF · IFS · AVAL
Explore sector: Financial Services · Banks - Regional
More sections of ASB: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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