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Earnings transcript
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ASB
Associated Banc-Corp
$28.96
0.12
(0.42%)
| Exchange: | NYSE |
| Market Cap: | 4.806B |
| Shares Outstanding: | 26.643M |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Banks – RegionalView industry performance | |||||
| CEO: | Andrew J. Harmening | |||||
| Full Time Employees: | 4129 | |||||
| Address: |
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| Website: | https://www.associatedbank.com |
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, personal and installment loans, auto finance and business loans, and business lines of credit. The company also provides deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; specialized financial services comprising interest rate risk management and foreign exchange solutions; fiduciary services consisting of administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management services; and investable funds solutions, including savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, full-service, discount, and online investment brokerage; investment advisory services; and trust and investment management accounts. In addition, it offers deposit and transactional solutions, including checking, credit and debit cards, online banking and bill pay, and money transfer services. The company operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio, and Texas. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.
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Revenue Segmentation
ASB full analysis
Welcome to MARKETSNAP’s SWOT analysis for Associated Banc-Corp (ASB on the NYSE). If you’re a long-term investor looking to dig into the nitty-gritty of this regional banking player, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for Associated Banc-Corp, a financial institution based in the U.S. with a solid footprint in the Midwest. Let’s unpack what makes this company tick, look at recent performance and news, and figure out if it’s got the…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2,015,826 | 2,104,826 | 2,459,156 |
| Gross Profit | 1,014,326 | 944,384 | 1,433,549 |
| EBITDA | 300,360 | 236,972 | 680,046 |
| Operating Income | 206,052 | 134,459 | 577,910 |
| Net Income | 182,956 | 123,145 | 474,777 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 41,015,855 | 43,023,068 | 45,202,596 |
| Total Liabilities | 36,841,882 | 38,417,507 | 40,227,249 |
| Total Stockholders Equity | 4,173,974 | 4,605,561 | 4,975,347 |
| Total Debt | 2,808,243 | 3,161,811 | 4,170,234 |
| Cash and Cash Equivalents | 909,473 | 997,649 | 574,698 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 442,740 | 580,249 | 615,692 |
| Capital Expenditure | -61,813 | -44,987 | 0 |
| Free Cash Flow | 380,927 | 535,262 | 615,692 |
| Net Income | 182,956 | 123,145 | 474,777 |
| Net Change in Cash | 302,368 | 95,781 | 700,617 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,003,300.002 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 2,033,600.003 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 2,016,933.333 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 796,080.736 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 856,434.761 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 854,726.288 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 603,695.551 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 654,710.785 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 653,266.670 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 622,936.791 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 632,358.738 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 627,176.148 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.760 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 3.930 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.620 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: ASB has demonstrated strong revenue growth, as evidenced by historical income statement data showing consistent increases in revenue over recent calendar years. This aligns with positive industry trends in the [industryName] sector, indicating ASB's competitive positioning.
- Solid Financial Health: Key metrics such as a favorable currentRatioTTM and quickRatioTTM suggest strong liquidity, enabling ASB to meet short-term obligations effectively. Additionally, a healthy freeCashFlowYieldTTM reflects operational efficiency and capacity for reinvestment or dividend payouts.
- Strong Market Position: With a market capitalization of [mktCap] and consistent performance metrics (e.g., perf1y, perf5y) outperforming or aligning with sector averages, ASB holds a stable position within the [sectorName] sector, supported by a reputable brand and operational scale ([fullTimeEmployees]).
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates ASB intrinsic value between $8.46 – $18.61 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about ASB valuation
Is Associated Banc-Corp (ASB) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Associated Banc-Corp (ASB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is ASB a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ASB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is ASB’s P/E ratio?
You can see ASB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for ASB?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is ASB a good long-term investment?
Whether ASB fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
ASB
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Daily snapshot
0.42
Trading Metrics:
| Open: | 29.07 | Previous Close: | 28.84 | |
| Day Low: | 28.88 | Day High: | 29.53 | |
| Year Low: | 23.87 | Year High: | 32.46 | |
| Price Avg 50: | 30.09 | Price Avg 200: | 28.48 | |
| Volume: | 2.284M | Average Volume: | 2.018M |
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