ASSOCIATED BANC-CORP (ASB) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:ASB • US0454871056
29.37 USD
+0.67 (+2.33%)
At close: Feb 6, 2026
29.37 USD
0 (0%)
After Hours: 2/6/2026, 8:18:19 PM
Taking everything into account, ASB scores 3 out of 10 in our fundamental rating. ASB was compared to 383 industry peers in the Banks industry. ASB may be in some trouble as it scores bad on both profitability and health. ASB has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year ASB was profitable.
- ASB had a positive operating cash flow in the past year.
- ASB had positive earnings in 4 of the past 5 years.
- ASB had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- The Return On Assets of ASB (0.37%) is worse than 84.33% of its industry peers.
- With a Return On Equity value of 3.36%, ASB is not doing good in the industry: 84.60% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.36% | ||
| ROIC | N/A |
ROA(3y)0.52%
ROA(5y)0.67%
ROE(3y)5.09%
ROE(5y)6.1%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- ASB has a worse Profit Margin (14.09%) than 78.85% of its industry peers.
- In the last couple of years the Profit Margin of ASB has declined.
- The Operating Margin and Gross Margin are not available for ASB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 14.09% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.12%
PM growth 5Y-15.92%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- ASB does not have a ROIC to compare to the WACC, probably because it is not profitable.
- There is no outstanding debt for ASB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- ASB has a debt to FCF ratio of 1.77. This is a very positive value and a sign of high solvency as it would only need 1.77 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 1.77, ASB is in line with its industry, outperforming 51.96% of the companies in the same industry.
- ASB has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
- ASB has a Debt to Equity ratio (0.20) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.77 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.14%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- ASB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.57%, which is quite good.
- The Earnings Per Share has been growing by 18.95% on average over the past years. This is quite good.
EPS 1Y (TTM)17.57%
EPS 3Y6.14%
EPS 5Y18.95%
EPS Q2Q%40.35%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.75%
3.2 Future
- Based on estimates for the next years, ASB will show a small growth in Earnings Per Share. The EPS will grow by 6.60% on average per year.
- ASB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.93% yearly.
EPS Next Y1.14%
EPS Next 2Y6.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.69%
Revenue Next 2Y10.93%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 10.45, the valuation of ASB can be described as reasonable.
- Based on the Price/Earnings ratio, ASB is valued cheaply inside the industry as 83.55% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 27.92, ASB is valued rather cheaply.
- ASB is valuated reasonably with a Price/Forward Earnings ratio of 10.33.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ASB indicates a somewhat cheap valuation: ASB is cheaper than 68.93% of the companies listed in the same industry.
- ASB is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.45 | ||
| Fwd PE | 10.33 |
4.2 Price Multiples
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASB indicates a rather cheap valuation: ASB is cheaper than 80.94% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.66 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)9.14
PEG (5Y)0.55
EPS Next 2Y6.6%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- ASB has a Yearly Dividend Yield of 3.34%.
- Compared to an average industry Dividend Yield of 2.65, ASB pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, ASB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
5.2 History
- The dividend of ASB has a limited annual growth rate of 3.73%.
- ASB has paid a dividend for at least 10 years, which is a reliable track record.
- ASB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.73%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
- ASB pays out 101.18% of its income as dividend. This is not a sustainable payout ratio.
- ASB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP101.18%
EPS Next 2Y6.6%
EPS Next 3YN/A
29.37
+0.67 (+2.33%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-22 2026-01-22/amc
Earnings (Next)04-22 2026-04-22
Inst Owners87.31%
Inst Owner Change-1.29%
Ins Owners0.77%
Ins Owner Change-0.59%
Market Cap4.87B
Revenue(TTM)N/A
Net Income(TTM)163.70M
Analysts68.57
Price Target30.8 (4.87%)
Short Float %3.32%
Short Ratio2.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
Yearly Dividend0.95
Dividend Growth(5Y)3.73%
DP101.18%
Div Incr Years13
Div Non Decr Years14
Ex-Date03-02 2026-03-02 (0.24)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.47%
Min EPS beat(2)4.04%
Max EPS beat(2)6.9%
EPS beat(4)4
Avg EPS beat(4)6.11%
Min EPS beat(4)4.04%
Max EPS beat(4)8.15%
EPS beat(8)8
Avg EPS beat(8)10.29%
EPS beat(12)11
Avg EPS beat(12)7.02%
EPS beat(16)15
Avg EPS beat(16)9.65%
Revenue beat(2)2
Avg Revenue beat(2)0.83%
Min Revenue beat(2)0.23%
Max Revenue beat(2)1.43%
Revenue beat(4)3
Avg Revenue beat(4)8.86%
Min Revenue beat(4)-1.88%
Max Revenue beat(4)35.66%
Revenue beat(8)4
Avg Revenue beat(8)8.3%
Revenue beat(12)4
Avg Revenue beat(12)4.7%
Revenue beat(16)7
Avg Revenue beat(16)3.84%
PT rev (1m)0%
PT rev (3m)0.68%
EPS NQ rev (1m)2.18%
EPS NQ rev (3m)2.41%
EPS NY rev (1m)0.06%
EPS NY rev (3m)2.23%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)0.31%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.45 | ||
| Fwd PE | 10.33 | ||
| P/S | 4.19 | ||
| P/FCF | 8.66 | ||
| P/OCF | 8.06 | ||
| P/B | 1 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.81
EY9.57%
EPS(NY)2.84
Fwd EY9.68%
FCF(TTM)3.39
FCFY11.55%
OCF(TTM)3.64
OCFY12.41%
SpS7
BVpS29.34
TBVpS22.02
PEG (NY)9.14
PEG (5Y)0.55
Graham Number43.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.36% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 14.09% | ||
| GM | N/A | ||
| FCFM | 48.45% |
ROA(3y)0.52%
ROA(5y)0.67%
ROE(3y)5.09%
ROE(5y)6.1%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.12%
PM growth 5Y-15.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.77 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 70.74% | ||
| Cap/Sales | 3.6% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 343.83% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC18.14%
ROIC/WACCN/A
Cap/Depr(3y)101.71%
Cap/Depr(5y)88.11%
Cap/Sales(3y)5%
Cap/Sales(5y)4.84%
Profit Quality(3y)309.46%
Profit Quality(5y)249.06%
High Growth Momentum
Growth
EPS 1Y (TTM)17.57%
EPS 3Y6.14%
EPS 5Y18.95%
EPS Q2Q%40.35%
EPS Next Y1.14%
EPS Next 2Y6.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.75%
Revenue Next Year12.69%
Revenue Next 2Y10.93%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y27.46%
FCF growth 3Y3.89%
FCF growth 5Y1.1%
OCF growth 1Y20.37%
OCF growth 3Y3.09%
OCF growth 5Y0.21%
ASSOCIATED BANC-CORP / ASB FAQ
What is the ChartMill fundamental rating of ASSOCIATED BANC-CORP (ASB) stock?
ChartMill assigns a fundamental rating of 3 / 10 to ASB.
What is the valuation status for ASB stock?
ChartMill assigns a valuation rating of 6 / 10 to ASSOCIATED BANC-CORP (ASB). This can be considered as Fairly Valued.
How profitable is ASSOCIATED BANC-CORP (ASB) stock?
ASSOCIATED BANC-CORP (ASB) has a profitability rating of 2 / 10.
Can you provide the PE and PB ratios for ASB stock?
The Price/Earnings (PE) ratio for ASSOCIATED BANC-CORP (ASB) is 10.45 and the Price/Book (PB) ratio is 1.
How sustainable is the dividend of ASSOCIATED BANC-CORP (ASB) stock?
The dividend rating of ASSOCIATED BANC-CORP (ASB) is 6 / 10 and the dividend payout ratio is 101.18%.