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Company Analysis

Associated Banc-Corp ASB

A comprehensive view of key metrics, scores, and financial health for Associated Banc-Corp

Overview of Associated Banc-Corp

ASB NYQ
Financial Services Banks - Regional Mid Cap
Associated Banc-Corp (ASB), is a Mid Cap company, in the Banks - Regional industry, last closed at $28.15, about 5.4% undervalued vs fair value, +27.6% 1Y return, placing in the top 25% of its sector.
Metrics P/E 9.3× Rev Growth 43.7% ROE 9.9% Div Yield 3.91%
$28.15
0.25%
As of April 28, 2026
Previous close • Vol 90d: 26.7%
52-Week Range
Market Cap
$4.67B
Enterprise Value
$6.82B
Overall Score
View breakdown
Overall
Growth
Good
Profitability
Good
Health
Weak
Efficiency
Fair
Valuation
Fair
Growth
Good
Profitability
Good
Health
Weak
Efficiency
Fair
Valuation
Fair
Completeness: 82%
Confidence: 90%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

Website https://www.associatedbank.com
HQ Green Bay, WI
Employees 4,000
Fiscal year Dec 31

Next Events

Earnings Apr 23 Call: Apr 23

Fair Value Snapshot

Bear Base Bull
$16
$30
$56
Current: $28.15 +5% vs base

Engine Room Money Flow™

Mid Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$2.2B
2.4%%
Interest Expense
$971.6M
Net Interest Income
$1.2B
14.7%%
Total Revenue
$1.5B
43.7%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
9.7%
Fair

Net Income / Equity - key bank profitability metric

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$196.3M
42.4% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Bank Specialized

Competitive Advantage Assessment

Evaluating Associated Banc-Corp's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
63
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Deposit Franchise

Moderate
58
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 93% Coverage
Trade-Off Triangle Visualization A ternary plot showing ASB's balance between Growth (43.2%), Profitability (24.1%), and Safety (32.7%). Growth 43% Safety 33% Profitability 24%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

74th percentile vs peers
75
Key Signals
NII Growth YoY 14.7% 86p EPS Growth YoY 2.82 96p Asset Growth YoY 5.1% 57p Equity Growth YoY 8.4% 60p
Strengths
  • NII Growth YoY in top 20% of peers (14.7%, 86th percentile)
  • EPS Growth YoY in top 20% of peers (2.82, 96th percentile)
  • Growth above peer median with strong metric coverage (80%)
  • Conservative leverage compared to industry peers
Risks

No significant risks identified for this axis.

Profitability

41th percentile vs peers
42
Key Signals
Strengths
Risks
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Safety

56th percentile vs peers
56
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Associated Banc-Corp.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$29.68
- - -
+5.4% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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