Associated Banc-Corp(ASB) Stock Research - Grey Stern Research

Associated Banc-Corp (ASB) Stock Analysis

$19.97 (1.58%)

ASB Financial Performance


Use the table below to view Associated Banc-Corp's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q4 - 2023

Metric Value Ranking among Peers
Price $19.97 -
52 Week Low $18.32 -
52 Week High $28.18 -
Market Cap $3.3 Billion 5/24
Gross Margin 100% 1/24
Profit Margin -100% 24/24
EBITDA margin 0% 4/24
Q4 - 2023 Revenue $61.6 Million 14/24
Q4 - 2023 Earnings -$161.6 Million 24/24
Q4 - 2023 Free Cash Flow $193.8 Million 2/24
Trailing 4 Quarters Revenue $1.3 Billion 4/24
Trailing 4 Quarters Earnings $116.9 Million 11/24
Quarterly Earnings Growth -249% 24/24
Annual Earnings Growth -71% 23/24
Quarterly Revenue Growth -82% 22/24
Annual Revenue Growth 2% 17/24
Cash On Hand $997.6 Million 5/24
Short Term Debt $1.3 Billion 2/24
Long Term Debt $1.4 Billion 3/24

Associated Banc-Corp Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Associated Banc-Corp's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 28.29 1/24
PS 2.49 16/24
PB 0.72 21/24
PC 3.32 14/24
Liabilities to Equity 8.34 6/24
ROA 0.00 23/24
ROE 0.03 22/24
Current Ratio 1.12 17/24
Quick Ratio 0.15 8/24
Long Term Debt to Equity 0.31 10/24
Debt to Equity 0.58 8/24
Burn Rate 1.88 7/24
Cash to Cap 0.30 10/24
CCR -1.20 16/24
EV to EBITDA -1.00 5/24
EV to Revenue -1.00 5/24

Company Details

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Its Corporate and Commercial Specialty segment offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications; 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 such as interest rate risk management, foreign exchange solutions, and commodity hedging; fiduciary services such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management; and investable funds solutions such as 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. The company's Community, Consumer, and Business segment offers lending solutions, such as residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, business loans, and business lines of credit; and deposit and transactional solutions such as checking, credit, debit and pre-paid cards, online banking and bill pay; and money transfer services. As of December 31, 2021, the company operated 215 banking branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

CEO: Mr. Philip Flynn

Website: https://www.associatedbank.com

Address: 433 Main St Green Bay, WISCONSIN

Exchange: New York Stock Exchange

Industry: Banks—Regional

Associated Banc-Corp Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Associated Banc-Corp. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Pinnacle Financial Partners, Inc. PNFP $7.4 Billion
Fulton Financial Corporation FULT $2.9 Billion
National Bank Holdings Corporation NBHC $1.4 Billion
Northwest Bancshares, Inc. NWBI $1.4 Billion
First Commonwealth Financial Corporation FCF $1.5 Billion
Old Second Bancorp, Inc. OSBC $665.8 Million
Brookline Bancorp, Inc. BRKL $889.7 Million
German American Bancorp, Inc. GABC $1.3 Billion
BOK Financial Corporation BOKF $5.9 Billion
Luther Burbank Corporation LBC $466.8 Million
First Merchants Corporation FRME $2.1 Billion
Community Bank System, Inc. CBU $2.8 Billion
Heritage Commerce Corp HTBK $533.6 Million
Mercantile Bank Corporation MBWM $660.5 Million
Renasant Corporation RNST $2.7 Billion
BCB Bancorp, Inc. BCBP $162.4 Million
BancFirst Corporation BANF $3.6 Billion
First Business Financial Services, Inc. FBIZ $393.1 Million
ACNB Corporation ACNB $428.3 Million
First United Corporation FUNC $181.3 Million
Bank First Corporation BFC $1.1 Billion
Hancock Whitney Corporation HWC $4.2 Billion
Affinity Bancshares, Inc. AFBI $117.5 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
ASB Income Statements
Quarter Year Revenue Earnings
Q4 2023 $ 61.6 Million -$161.6 Million
Q3 2023 $ 607.5 Million $88.0 Million
Q2 2023 $ 321.8 Million $87.2 Million
Q1 2023 $ 334.9 Million $103.4 Million
Q4 2022 $ 349.8 Million $108.8 Million
Q3 2022 $ 314.7 Million $96.3 Million
Q2 2022 $ 237.0 Million $216.1 Million
Q1 2022 $ 53.0 Million $0

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ASB Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q4 2023 $997.6 Million $43.0 Billion $2.7 Billion $4.6 Billion
Q3 2023 $0 $42.2 Billion $3.7 Billion $4.4 Billion
Q2 2023 $598.5 Million $41.2 Billion $4.2 Billion $4.1 Billion
Q1 2023 $822.4 Million $40.7 Billion $5.5 Billion $4.1 Billion
Q4 2022 $593.6 Million $39.4 Billion $4.6 Billion $4.0 Billion
Q3 2022 $386.2 Million $38.0 Billion $0 $4.0 Billion
Q2 2022 $397.4 Million $37.2 Billion $0 $4.0 Billion
Q1 2022 $334.1 Million $35.0 Billion $0 $3.9 Billion

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ASB Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q4 2023 $193.8 Million -$13.3 Million $52.6 Million
Q3 2023 $93.4 Million -$11.7 Million $7.9 Million
Q2 2023 $115.5 Million -$15.8 Million -$193.2 Million
Q1 2023 $33.6 Million -$13.9 Million $201.4 Million
Q4 2022 $107.0 Million -$17.3 Million $119.0 Million
Q3 2022 $233.3 Million $0 -$364.7 Million
Q2 2022 $242.9 Million $0 $366.0 Million
Q1 2022 $246.1 Million $0 -$524.4 Million

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