Stock AnalizAssociated Banc-corp ASBA
Major Banks · IPO 2023 · data as of November 13, 2026
Associated Banc-corp (ASBA) is a financial company listed in the US with a market value of about $3.6B. In the twelve months to September 30, 2026 it had revenue of $1.7B and net income of $527M, a net margin of 31.2%.
Its overall Stock Analiz score is 2.4 out of 5 (weak). The strongest part is value (5/5); the weakest is track record (1/5).
Key numbers: a P/E of 8.3, a price to free cash flow of 4.3, 5-year revenue growth of 3% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 193% above the current price.
Score: 2.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- Profit margin improving
- Strong R&D investment or growth above 20%
Checks not passed
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- ROE above 15%
- More cash than debt, or low debt to equity
- Interest covered more than 5 times
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.5B | $1.0B | $1.1B | $1.2B | $1.1B | $1.3B | $1.2B | $1.2B | $1.1B | $1.1B |
| Net income | $527M | $475M | $123M | $183M | $366M | $351M | $307M | $327M | $334M | $229M | $200M |
| Free cash flow | $852M | $579M | $535M | $381M | $784M | $477M | $495M | $507M | $431M | $411M | $538M |
| EPS (diluted) | $2.90 | $2.77 | $0.72 | $1.13 | $2.34 | $2.18 | $1.86 | $1.91 | $1.89 | $1.42 | $1.26 |
| Net margin | 31.2% | 31.9% | 11.9% | 16.6% | 29.5% | 33.2% | 24.0% | 26.9% | 27.0% | 21.3% | 18.9% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
Frequently asked questions
What is Associated Banc-corp’s P/E ratio?
About 8.3, based on the last twelve months of diluted earnings per share.
Is Associated Banc-corp stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 193% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Associated Banc-corp pay a dividend?
Yes. The dividend yield is about 4.70%, and it has paid dividends for 10 years in our data.
Is Associated Banc-corp a good stock to buy?
We do not give buy or sell advice. Associated Banc-corp scores 2.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.