Associated Banc-Corp ASB
United StatesFinancial Services · Banks - RegionalUSD
34.40 USD (+21.1%)
10 analysts
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Associated Banc-Corp is a US regional bank offering commercial, consumer, and wealth management banking services to clients in the Midwest and other regions of the United States.
Key points
from its scores- ✓High-quality business9.2
- ✓Attractive dividend7.4
- ✕Fragile balance sheet4.0
AI analysis
bottom line, main risk, context and newsThe combination of attractive valuation and high quality offsets the recent weakness in earnings growth.
Associated Banc-Corp shows solid profitability (ROE 9.69%) and very high margins (net margin 32.46%), with an attractive valuation (P/E 9.90) and a sustainable dividend (payout 33.10%). Earnings growth is negative (-3.10%), which moderates the positive outlook.
The main risk is net interest margin compression if the Fed cuts interest rates, which could impact the bank's future profitability.
Context and risks
Associated Banc-Corp is a US regional bank. No recent news or geopolitical or business model exposure justifies an additional adjustment.
Is Associated Banc-Corp stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 38% below the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 9.9 | 13.7 | −28% |
| Price / book | 1.0 | 1.9 | −48% |
| Price / sales | 3.4 | 3.5 | −0% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.8 out of 10 (median for Financial Services: 5.2).
Average analyst target: 34.40 USD, +21.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 4.0 (sector 5.5), Growth 6.2 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 9.9
- Forward P/E
- 8.4
- Price / book
- 1.0
- Price / sales
- 3.4
- PEG
- 1.78
- Market cap
- 5.4B USD
- Enterprise value
- 9.4B USD
Profitability
- ROE
- 9.7%
- ROA
- 1.1%
- ROIC (approx.)
- 5.7%
- Gross margin
- 0.0%
- Operating margin
- 41.3%
- Net margin
- 32.5%
Solvency
- Total debt
- 5.7B USD
- Net debt
- 3.9B USD
- Cash
- 1.9B USD
Growth
- Revenue growth
- +23.5%
- Earnings growth
- −3.1%
- EPS (TTM)
- 2.87 USD
- EPS (forward)
- 3.36 USD
Dividend
- Dividend yield
- 3.4%
- Payout
- 33.1%
Risk and market
- Beta
- 0.81
- Analyst consensus
- Buy (10)
- Target price
- 34.40 USD
- 52-week range
- 23.86 – 32.46
Recent news
All ASB news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Associated Banc-Corp
Is Associated Banc-Corp stock cheap or expensive?
On P/E and Price / book, it trades 38% below the Financial Services median on average. Valuation score: 6.8 out of 10 (median for Financial Services: 5.2). Average analyst target: 34.40 USD, +21.1% versus the price. This is not investment advice.
What score does Associated Banc-Corp get on MeridIAn Screener?
It scores 6.6 out of 10, rank 425 of 2,130 (better than 77% of the companies analysed). Its strongest category is Quality / Moat (9.2) and its weakest, Financial health (4.0). Analysis of 08/10/2026.
What is Associated Banc-Corp's P/E ratio?
Its P/E is 9.9: the share price equals 9.9 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 8.4.
How much is Associated Banc-Corp worth on the stock market?
Its market capitalisation is 5.4B USD.
Does Associated Banc-Corp pay a dividend?
Yes: its dividend yield is 3.38% and it pays out 33% of its earnings.
How has Associated Banc-Corp stock performed over the last year?
It has risen 19.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 23.86 and 32.46 USD. Past performance does not guarantee future results.
What do analysts think of Associated Banc-Corp?
10 analysts cover it; their average recommendation is “Buy” and their average target is 34.40 USD (+21.1% versus the price). It is an estimate, not market data.