Associated Banc-Corp (ASB)
NYSE:ASB
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ASB Stock Chart & Stats
$28.14
-$0.05(-0.21%)
At close: 4:00 PM EST
$28.14
-$0.05(-0.21%)
Day’s Range― - ―
52-Week Range$22.48 - $29.96
Previous CloseN/A
Volume146.75K
Average Volume (3M)2.48M
Market Cap
$4.91B
Enterprise Value$8.56B
Total Cash (Recent Filing)$5.98B
Total Debt (Recent Filing)$4.41B
Price to Earnings (P/E)9.8
Beta1.18
Next Earnings
Jul 23, 2026EPS Estimate
0.73Next Dividend Ex-DateN/A
Dividend Yield3.51%
Share Statistics
EPS (TTM)2.91
Shares Outstanding165,941,640
10 Day Avg. Volume2,148,450
30 Day Avg. Volume2,484,581
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.85
Price to Sales (P/S)1.73
P/FCF Ratio7.34
Enterprise Value/Market Cap1.74
Enterprise Value/Revenue3.46
Enterprise Value/Gross Profit5.82
Enterprise Value/Ebitda12.92
Forecast
1Y Price Target
$31.00Price Target Upside10.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)2.95
Revenue Forecast (FY)$1.74B
Bulls Say, Bears Say
Bulls Say
Cash GenerationConsistent TTM cash generation where FCF covers nearly all reported earnings indicates durable ability to fund dividend, repurchases and organic growth without relying on volatile capital markets. Strong cash conversion provides a buffer through lending cycles and supports reinvestment in deposits, digital and branches.
Profitability ReboundRecovered margins and materially improved profitability versus recent troughs signal structural operating improvement. Higher margins increase retained earnings, improve ROE durability and provide room to absorb future reserve build or funding cost variability while supporting investment in growth initiatives.
Strategic Market ExpansionThe acquisition adds scale, new deposit and loan customers and cross‑sell opportunities in attractive Midwestern metros. Approved conversion and board continuity imply structural market position gains that can lift franchise revenue and diversify regional exposure over the next 2–6 months and beyond.
Bears Say
Rising LeverageHigher total debt and creeping leverage reduce financial flexibility and increase sensitivity to credit stress or funding shocks. In an economic downturn this elevated leverage can force higher provisions or constrain lending, making capital management and buffer maintenance a longer-term priority.
Asset Quality PressureRising delinquencies and higher nonaccruals—partly from a few managed credits—signal emerging credit stress in loan portfolios. Persistent deterioration would raise provision needs, compress earnings and could erode capital ratios, requiring more conservative underwriting or slower loan growth to protect balance sheet health.
Integration & Accounting UncertaintyUnfinalized purchase accounting and an extended conversion schedule delay realization of expected synergies, create one-off volatility in reported NII/expenses and prolong integration costs. This structural uncertainty can press capital planning and temporarily mute accretion from the merger.
Associated Banc-Corp News
ASB FAQ
What was Associated Banc-Corp’s price range in the past 12 months?
Associated Banc-Corp lowest stock price was $22.48 and its highest was $29.96 in the past 12 months.
What is Associated Banc-Corp’s market cap?
Associated Banc-Corp’s market cap is $4.91B.
When is Associated Banc-Corp’s upcoming earnings report date?
Associated Banc-Corp’s upcoming earnings report date is Jul 23, 2026 which is in 37 days.
How were Associated Banc-Corp’s earnings last quarter?
Associated Banc-Corp released its earnings results on Apr 23, 2026. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.685 by $0.025.
Is Associated Banc-Corp overvalued?
According to Wall Street analysts Associated Banc-Corp’s price is currently Undervalued.
Does Associated Banc-Corp pay dividends?
Associated Banc-Corp pays a Quarterly dividend of $0.24 which represents an annual dividend yield of 3.51%. See more information on Associated Banc-Corp dividends here
What is Associated Banc-Corp’s EPS estimate?
Associated Banc-Corp’s EPS estimate is 0.73.
How many shares outstanding does Associated Banc-Corp have?
Associated Banc-Corp has 165,941,640 shares outstanding.
What happened to Associated Banc-Corp’s price movement after its last earnings report?
Associated Banc-Corp reported an EPS of $0.71 in its last earnings report, beating expectations of $0.685. Following the earnings report the stock price went down -2.009%.
Which hedge fund is a major shareholder of Associated Banc-Corp?
Currently, no hedge funds are holding shares in ASB
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Associated Banc-Corp Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$31.00 (10.16% Upside)
$31.00 (10.16% Upside)
Blogger Sentiment
Bullish
ASB Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 195.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.6M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
39.14%
12-Months-Change
Fundamentals
Return on Equity
10.04%
Trailing 12-Months
Asset Growth
5.28%
Trailing 12-Months
Company Description
Associated Banc-Corp
Associated Banc-Corp (ASB) functions as a bank holding company, offering a broad spectrum of banking and nonbanking financial solutions to individual consumers and businesses throughout Wisconsin, Illinois, and Minnesota. The company's operations are divided into three distinct segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The Corporate and Commercial Specialty segment caters to businesses and institutions, providing diverse financing options such as commercial loans, lines of credit, real estate and construction financing, leasing, asset-based lending, and loan syndications. It also offers treasury and cash management services, including business checking and interest-bearing deposit accounts, cash vault services, liquidity solutions, and tools for managing payables and receivables. Specialized financial services encompass interest rate risk management, foreign exchange solutions, and commodity hedging. Fiduciary services include the administration of pension and employee benefit plans, corporate agency services, and institutional asset management. Furthermore, it assists clients with investable funds, offering savings and money market accounts, IRAs, Certificates of Deposit (CDs), fixed and variable annuities, comprehensive brokerage services (full-service, discount, and online), investment advisory, and trust and investment management accounts. Conversely, the Community, Consumer, and Business segment focuses on serving individual consumers and smaller enterprises. Its lending portfolio features residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, and business loans and lines of credit. For daily banking needs, this segment provides deposit and transactional services like checking accounts, various card options (credit, debit, and pre-paid), online banking with bill pay functionalities, and money transfer services. The Risk Management and Shared Services segment provides internal support for the company's overall operations. As of December 31, 2021, Associated Banc-Corp maintained a network of 215 banking branches. Established in 1861, the company's headquarters are located in Green Bay, Wisconsin.
ASB Company Deck
ASB Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a predominantly positive tone driven by clear momentum in loan and deposit growth, successful close and smooth early integration of the American National Bank acquisition, improving tangible book value and solid credit metrics (low charge-offs, stable ACL). Near-term headwinds include slight NII and NIM compression from accelerated funding, modest increases in delinquencies/nonaccruals tied to a small number of managed credits, and temporary uncertainty pending final purchase accounting marks. Overall, the company emphasized disciplined growth, on-track integration, and confidence in meeting or exceeding legacy guidance—indicating that positive operational and growth drivers significantly outweigh the manageable challenges highlighted.View all ASB earnings summariesASB Stock 12 Month Forecast
Average Price Target
$31.00
▲(10.16% Upside)
Technical Analysis
Ameris Bancorp
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BancFirst
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International Bancshares
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Texas Capital Bancshares
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ServisFirst Bancshares
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Ownership Overview
7.08% Insiders
30.70% Mutual Funds
15.27% Other Institutional Investors
11.12% Public Companies and
Individual Investors