Associated Banc-Corp (ASB) AI Stock Analysis

Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin, serving individuals and businesses across Wisconsin, Illinois, and Minnesota. Founded in 1861, the company operates across three main segments: Corporate and Commercial Specialty, Community, Consumer, and Business, and Risk Management and Shared Services. Its offerings include commercial loans, lines of credit, commercial real estate financing, interest rate risk management, foreign exchange solutions, and fiduciary services. It also delivers residential mortgages, home equity loans, checking accounts, credit cards, and online banking solutions.

Between FY2020 and FY2025, Associated Banc-Corp achieved a 5-year revenue compound annual growth rate of 11.8%. Annual revenue expanded from $1.12B in FY2021 to $2.46B in FY2025, reflecting 16.8% top-line growth in FY2025. Over the same period, net income recovered to $474.8M with an operating margin of 23.5% and a net margin of 19.3%, up from $123.1M and a 5.9% net margin in FY2024. For the trailing twelve months ended June 30, 2026, revenue stood at $1.56B with diluted EPS of $2.87. In the latest quarter ended June 30, 2026, quarterly revenue grew 23.5% year-over-year, while quarterly earnings declined 3.1%.

As of June 30, 2026, Associated Banc-Corp held $6.91B in cash and short-term investments against total debt of $5.70B, resulting in net cash of $1.22B. Total assets stood at $51.81B, shareholders' equity was $5.64B, and the debt-to-equity ratio was 1.01. The company maintained a current ratio of 1.38. In FY2025, operating cash flow reached $615.7M and free cash flow was $579.3M. Capital deployment in FY2025 included $36.4M in capital expenditures, $29.0M in share buybacks, and $167.3M in dividends paid.

Associated Banc-Corp trades at a trailing P/E of 10.1x and a forward P/E of 9.2x, below the median of its US-listed Financial Services peers of 12.1x trailing and 10.8x forward. Its price-to-sales ratio of 3.5x is slightly above the peer group median of 3.2x, while its price-to-book ratio is 1.0x and its PEG ratio is 1.78. Over the past year, the stock returned 24.4%, outperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year period, its 60.6% return trailed the S&P 500 return of 83.0%.

Associated Banc-Corp has paid dividends for 42 consecutive years and currently distributes a quarterly dividend totaling $0.96 annually per share. This represents a dividend yield of 3.31% with a payout ratio of 32.4%. Over the past five years, the dividend has grown at an annualized rate of 5.3%. The most recent ex-dividend date was September 1, 2026.

Wall Street coverage includes 2 Strong Buy, 2 Buy, and 6 Hold ratings, with zero Sell or Strong Sell ratings. The mean price target of $34.20 implies an upside of 18.1% compared to the last close of $28.96. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $1.77B and EPS of $2.98. Associated Banc-Corp beat EPS estimates in each of the last 4 quarters, and its next earnings date is October 22, 2026.

This page is an AI-written research summary of Associated Banc-Corp (ASB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ASB income statement, ASB balance sheet, ASB key metrics, ASB analyst forecast, ASB chart. See the ASB stock overview for the latest quote and news.