ASB

BULLISH

$27.85 Live

Associated Banc-Corp · NYSE

Target $30.1 (+8.1%)

$21.16 52W Range $29.52

ASB Associated Banc-Corp - Fundamental Analysis

BULLISH

Console Chart News

ASB Stock | Fundamental Analysis & Investment Insights

NYSE • Financial Services • Banks - Regional

Current Price Live

$27.85

Analyst Target

$30.1

+8.1% Upside

52W High

$29.52

52W Low

$21.16

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 23, 2026

Market cap

$5.24B

P/E

10.05

ROE

9.9%

Profit margin

33.1%

Debt/Equity

N/A

Dividend yield

3.38%

AI Analysis

AI-powered fundamental assessment

Confidence

75%

ASB presents a strong value opportunity, characterized by a stable Piotroski F-Score of 4/9 and a current price ($27.85) trading significantly below its Graham Number ($42.68) and book value (P/B 0.95). While the technical trend is currently bearish (10/100), the fundamental profile is supported by a consistent track record of earnings beats over 25 quarters and a sustainable dividend payout. The massive YoY revenue growth suggests inorganic expansion, which, combined with a low P/E of 10.05, indicates the market is underpricing the company's assets and earnings power.

Key Strengths

Trading below book value (P/B 0.95), providing a margin of safety

Strong valuation relative to Graham Number ($42.68)

Exceptional earnings track record with 3/4 recent beats and consistent historical surprises

Sustainable dividend profile with a low payout ratio of 33.57%

Strong YoY EPS growth of 40.4%

Key Risks

Severely bearish technical trend (10/100) suggesting strong short-term selling pressure

Piotroski F-Score of 4/9 indicates only stable, not strong, financial health

High PEG ratio (1.78) suggests growth may be overpriced relative to earnings

Extreme revenue growth (721%) is likely inorganic (M&A) and may lead to integration risks

Regional bank sector exposure to interest rate volatility

AI Fair Value Estimate

Based on comprehensive analysis

$30.1

+8.1% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Strong

Value

Future

Past

Health

Dividend

AI Verdict

Strong Value Play

Key drivers: P/B < 1.0, Consistent EPS beats, Low P/E ratio, Sustainable dividends

Confidence

80%

Value

90/100

Ref P/E 10.05, P/B 0.95, Graham Number $42.68

Positives

P/E of 10.05 is well below sector average
Price is significantly below Graham Number
P/B of 0.95 indicates asset undervaluation

Watchpoints

Intrinsic value formula suggests a lower floor ($19.39)

Future

65/100

Ref Revenue Growth 721.8%, PEG 1.78

Positives

Massive YoY revenue growth
Strong EPS growth trend

Watchpoints

PEG ratio of 1.78 is elevated
Technical trend is heavily bearish

Past

95/100

Ref Quarterly Earnings Track Record

Positives

Consistent earnings beats over 25 quarters
Positive 5Y, 3Y, and 1Y price performance

Watchpoints

No urgent risks highlighted.

Health

50/100

Ref Piotroski F-Score 4/9

Positives

Piotroski score in the 'Stable' range

Watchpoints

F-Score of 4/9 is mediocre
Lack of Altman Z-Score data for banking specific risk

Dividend

80/100

Ref Yield 3.38%, Payout 33.57%

Positives

Healthy 3.38% yield
Very low payout ratio (33.57%) allows for future increases

Watchpoints

No urgent risks highlighted.

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$27.85

Analyst Target

$30.1

Upside/Downside

+8.1%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for ASB and closest competitors.

Updated 2026-04-22

Company	5Y	3Y	1Y	6M	1M	1W
ASB Associated Banc-Corp Primary	+58.3%	+79.1%	+38.4%	+12.5%	+12.5%	+0.9%
AX Axos Financial, Inc. Peer	+123.1%	+117.6%	+29.3%	+8.3%	+3.2%	-2.9%
AUB Atlantic Union Bankshares Corporation Peer	+14.1%	+29.3%	+52.3%	+11.7%	+7.3%	-2.1%
HASI HA Sustainable Infrastructure Capital, Inc. Peer	-3.9%	+75.4%	+72.5%	+49.0%	+16.3%	+2.7%
HLNE Hamilton Lane Incorporated Peer	+7.1%	+35.3%	-32.0%	-21.2%	-5.5%	-2.0%

ASB

Associated Banc-Corp

Primary

+58.3%

+79.1%

+38.4%

+12.5%

+0.9%

Axos Financial, Inc.

Peer

+123.1%

+117.6%

+29.3%

+8.3%

+3.2%

-2.9%

AUB

Atlantic Union Bankshares Corporation

Peer

+14.1%

+29.3%

+52.3%

+11.7%

+7.3%

-2.1%

HAS

HA Sustainable Infrastructure Capital, Inc.

Peer

-3.9%

+75.4%

+72.5%

+49.0%

+16.3%

+2.7%

HLN

Hamilton Lane Incorporated

Peer

+7.1%

+35.3%

-32.0%

-21.2%

-5.5%

-2.0%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

10.05

8.72

1.78

0.95

3.66

5.04

N/A

$5.24B

Profitability

Profit margins and return metrics

Profit Margin 33.12%

Operating Margin 45.25%

Gross Margin N/A

ROE 9.91%

ROA 1.08%

Growth

Revenue and earnings growth rates

Revenue Growth +721.8%

Earnings Growth N/A

Q/Q Revenue Growth +530.31%

Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

N/A

Current Ratio

N/A

Quick Ratio

N/A

Cash/Share

$10.63

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue

$0.4B

Net Margin

35.3%

Total Assets

$45.2B

Liabilities

$40.2B

Equity

$5.0B

Debt/Equity

8.09x

Operating CF

$0.2B

CapEx

$-0.0B

Free Cash Flow

$0.2B

FCF Yield

96%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-23

$N/A

2026-01-22

$0.8

+14.2% surprise

2025-10-23

$0.73

+8.1% surprise

2025-07-24

$0.65

+5.6% surprise

Financial Services Sector Comparison

Comparing ASB against 820 companies in the Financial Services sector (141 bullish, 351 neutral, 328 bearish)

P/E Ratio

10.05

This Stock

36.01

Sector Avg

-72.1% (Discount)

Return on Equity (ROE)

9.91%

This Stock

-0.73%

Sector Avg

-1452.6% (Below Avg)

Profit Margin

33.12%

This Stock

91.62%

Sector Avg

-63.9% (Weaker)

Revenue Growth

721.8%

This Stock

35.27%

Sector Avg

+1946.6% (Fast Growth)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
ASB Associated Banc-Corp	BULLISH	$5.24B	10.05	9.9%	33.1%	$27.85
AX Axos Financial, Inc.	NEUTRAL	$5.2B	12.94	16.7%	36.0%	$91.75	Compare
AUB Atlantic Union Bankshares...	BULLISH	$5.32B	15.91	6.7%	22.2%	$37.22	Compare
HASI HA Sustainable...	BEARISH	$5.34B	29.62	7.4%	192.3%	$41.77	Compare
HLNE Hamilton Lane Incorporated	BULLISH	$5.15B	16.9	31.7%	30.6%	$92.28	Compare

ASB Associated Banc-Corp

BULLISH

Mkt Cap

$5.2B

P/E

10.1

ROE

9.9%

Price

$27.85

AX Axos Financial, Inc.

Compare with ASB

AUB Atlantic Union...

Compare with ASB

HASI HA Sustainable...

Compare with ASB

HLNE Hamilton Lane...

Compare with ASB

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-04-01	KOTOUC WENDE L	Director	Stock Award	3,582	$93,741
2026-03-16	GERKEN ROBERT JAY	Director	Stock Award	384	$9,443
2026-03-16	KLAPPA GALE E	Director	Stock Award	245	$6,025
2026-03-16	KAMERICK EILEEN A	Director	Stock Award	461	$11,336
2026-03-16	JEFFE ROBERT A	Director	Stock Award	461	$11,336
2026-03-16	UTZ JOHN A	Officer	Stock Award	519	$12,762
2026-03-16	GREFFIN JUDITH P	Director	Stock Award	167	$4,107
2026-03-16	SULLIVAN OWEN J	Director	Stock Award	44	$1,082
2026-03-16	NETTLES CORY L	Director	Stock Award	448	$11,016
2026-03-16	VAN LITH KAREN	Director	Stock Award	461	$11,336
2026-03-16	LUDGATE KRISTEN MARIE	Director	Stock Award	44	$1,082
2026-03-16	HADDAD MICHAEL J.	Director	Stock Award	44	$1,082
2026-03-16	JONES-TYSON RODNEY	Director	Stock Award	44	$1,082
2026-03-16	MEYER DEREK S	Chief Financial Officer	Stock Award	51	$1,254
2026-03-16	WARSEK GREGORY	Officer	Stock Award	42	$1,033

KOTOUC WENDE L

Director

Stock Award

2026-04-01

3,582 shares · $93,741

GERKEN ROBERT JAY

Director

Stock Award

2026-03-16

384 shares · $9,443

KLAPPA GALE E

Director

Stock Award

2026-03-16

245 shares · $6,025

KAMERICK EILEEN A

Director

Stock Award

2026-03-16

461 shares · $11,336

JEFFE ROBERT A

Director

Stock Award

2026-03-16

461 shares · $11,336

UTZ JOHN A

Officer

Stock Award

2026-03-16

519 shares · $12,762

GREFFIN JUDITH P

Director

Stock Award

2026-03-16

167 shares · $4,107

SULLIVAN OWEN J

Director

Stock Award

2026-03-16

44 shares · $1,082

NETTLES CORY L

Director

Stock Award

2026-03-16

448 shares · $11,016

VAN LITH KAREN

Director

Stock Award

2026-03-16

461 shares · $11,336

LUDGATE KRISTEN MARIE

Director

Stock Award

2026-03-16

44 shares · $1,082

HADDAD MICHAEL J.

Director

Stock Award

2026-03-16

44 shares · $1,082

JONES-TYSON RODNEY

Director

Stock Award

2026-03-16

44 shares · $1,082

MEYER DEREK S

Chief Financial Officer

Stock Award

2026-03-16

51 shares · $1,254

WARSEK GREGORY

Officer

Stock Award

2026-03-16

42 shares · $1,033

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

8-K

2026-04-01

ASB filed an 8-K on April 1, 2026, likely to announce its first-quarter financial results.

DEF 14A

2026-03-16

ASB filed a Definitive Proxy Statement on March 16, 2026, providing shareholders with necessary information to vote on corporate matters at the upcoming annual meeting.

8-K

2026-03-12

ASB filed an 8-K on March 12, 2026, likely to announce its annual financial results for the fiscal year ended December 31, 2025.

10-K

2026-02-12

ASB filed its 10-K on February 12, 2026, which includes detailed sections on business operations, risk factors, and management's discussion and analysis of financial condition. Specific financial highlights and risk details were not provided in the available excerpts.

8-K

2026-02-09

ASB likely reported its fourth-quarter and full-year financial results for the period ending December 31, 2025.

8-K

2026-01-22

8-K

2025-12-05

8-K

2025-12-04

8-K

2025-12-01

10-Q

2025-10-28

8-K

2025-10-23

10-Q

2025-07-29

8-K

2025-07-24

8-K

FORM 8-K

2025-05-09

8-K

FORM 8-K

2025-05-02

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

BUY

10 analysts

Barclays

2026-04-07

Equal-Weight Overweight

Wells Fargo

2026-03-30

Maintains

Overweight Overweight

Stephens & Co.

2026-03-27

Equal-Weight Overweight

Truist Securities

2026-03-23

Maintains

Hold Hold

Truist Securities

2026-01-26

Maintains

Hold Hold

RBC Capital

2026-01-23

Maintains

Sector Perform Sector Perform

Piper Sandler

2026-01-23

Maintains

Neutral Neutral

Keefe, Bruyette & Woods

2026-01-23

Maintains

Market Perform Market Perform

Truist Securities

2025-12-22

Maintains

Hold Hold

Barclays

2025-11-11

Maintains

Equal-Weight Equal-Weight

Past News Coverage

Recent headlines mentioning ASB from our newsroom.

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ASB

ASB Associated Banc-Corp - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Financial Services Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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