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Associated Banc-Corp logo

Associated Banc-Corp

ASBA

NYSEFinancial ServicesBanks - Regional

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Previous close

$24.73

+$0.08 · +0.32%

Aug 21, 3:57 PM ET

ASBA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

91

Deep Value

Momentum

41

Neutral

Sentiment

57

Mixed

Risk resilience

84

Low Risk

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AI-generated, informational only, and not investment advice.

Company profile

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US

Market position

Day range

Current $24.73

52-week range

Current $24.73

Open
$24.59
Previous close
$24.65
Volume
22.23K
Market cap
4.08B USD
50-day average
$24.6058
+0.50% above average
200-day average
$24.7556
-0.10% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.53B USD
P/E (TTM)
10.67×
P/B (TTM)
1.03×
P/S (TTM)
2.27×
EV / EBITDA
5.54×
Earnings yield
11.57%
Free cash flow yield
15.01%
Dividend yield
3.08%

Profitability & efficiency

Gross margin
60.54%
Operating margin
24.51%
Net margin
19.67%
Return on equity
9.93%
Return on assets
1.05%
Return on invested capital
6.21%

Financial health

Debt / equity
1.01×
Current ratio
0×
Altman Z-score
0.34
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends109%74%39%4%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Operating margin, FY2021: 44.51%Operating margin, FY2022: 44.64%Operating margin, FY2023: 31.79%Operating margin, FY2024: 24.61%Operating margin, FY2025: 26.60%Net margin, FY2021: 28.92%Net margin, FY2022: 29.20%Net margin, FY2023: 17.94%Net margin, FY2024: 12.92%Net margin, FY2025: 21.85%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Operating margin FY2021 44.51%. Operating margin FY2022 44.64%. Operating margin FY2023 31.79%. Operating margin FY2024 24.61%. Operating margin FY2025 26.60%. Net margin FY2021 28.92%. Net margin FY2022 29.20%. Net margin FY2023 17.94%. Net margin FY2024 12.92%. Net margin FY2025 21.85%.

Income trends

Revenue

2.17B USD+128.03%

Operating income

577.91M USD+146.40%

Net income

474.78M USD+285.54%
Income trends across reported periods2.38B USD1.56B USD738.03M USD−81.82M USDRevenue, FY2021: 1.15B USDRevenue, FY2022: 1.21B USDRevenue, FY2023: 1.02B USDRevenue, FY2024: 952.86M USDRevenue, FY2025: 2.17B USDOperating income, FY2021: 510.17M USDOperating income, FY2022: 538.69M USDOperating income, FY2023: 324.18M USDOperating income, FY2024: 234.54M USDOperating income, FY2025: 577.91M USDNet income, FY2021: 331.51M USDNet income, FY2022: 352.41M USDNet income, FY2023: 182.96M USDNet income, FY2024: 123.15M USDNet income, FY2025: 474.78M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.15B USD. Revenue FY2022 1.21B USD. Revenue FY2023 1.02B USD. Revenue FY2024 952.86M USD. Revenue FY2025 2.17B USD. Operating income FY2021 510.17M USD. Operating income FY2022 538.69M USD. Operating income FY2023 324.18M USD. Operating income FY2024 234.54M USD. Operating income FY2025 577.91M USD. Net income FY2021 331.51M USD. Net income FY2022 352.41M USD. Net income FY2023 182.96M USD. Net income FY2024 123.15M USD. Net income FY2025 474.78M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.17B USD952.86M USD1.02B USD1.21B USD1.15B USD
Gross profit—952.86M USD1.02B USD1.21B USD1.15B USD
Selling, general, and administrative—718.32M USD695.56M USD668M USD636.07M USD
Operating expenses—718.32M USD695.56M USD668M USD636.07M USD
Interest income——63.18M USD——
Interest expense971.61M USD1.08B USD918.48M USD——
Depreciation and amortization59.17M USD57.66M USD55.8M USD53.9M USD55.35M USD
Operating income577.91M USD234.54M USD324.18M USD538.69M USD510.17M USD
Net income474.78M USD123.15M USD182.96M USD352.41M USD331.51M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
4 beats, 0 misses, 0 met estimates
Average EPS surprise
+7.46%
4 comparable reports
Latest EPS result
0.71
Estimate 0.69 · Beat by 3.65%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.80.680.570.46Q3 '24No estimateQ4 '24BeatQ2 '25BeatQ2 '25No estimateQ3 '25No estimateQ4 '25BeatQ1 '26BeatQ4 '26Estimate
Q3 2024, reported Jul 30, 2024: actual 0.74, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 24, 2024: actual 0.56, estimate 0.498, surprise +12.56%, Beat. Q2 2025, reported Apr 24, 2025: actual 0.602, estimate 0.577, surprise +4.33%, Beat. Q2 2025, reported Apr 29, 2025: actual 0.6, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 29, 2025: actual 0.65, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 23, 2025: actual 0.74, estimate 0.677, surprise +9.31%, Beat. Q1 2026, reported Feb 12, 2026: actual 0.71, estimate 0.685, surprise +3.65%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.755, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates478.61M412.52M346.43M280.34MQ3 '24No estimateQ4 '24MissQ2 '25MissQ2 '25No estimateQ3 '25No estimateQ4 '25BeatQ1 '26MissQ4 '26Estimate
Q3 2024, reported Jul 30, 2024: actual 298.74M USD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 24, 2024: actual 330M USD, estimate 332.96M USD, surprise -0.89%, Miss. Q2 2025, reported Apr 24, 2025: actual 344.72M USD, estimate 347.84M USD, surprise -0.90%, Miss. Q2 2025, reported Apr 29, 2025: actual 331.72M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 29, 2025: actual 348.98M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 23, 2025: actual 386.49M USD, estimate 377.44M USD, surprise +2.40%, Beat. Q1 2026, reported Feb 12, 2026: actual 383.05M USD, estimate 384.5M USD, surprise -0.38%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 460.2M USD, surprise —, Comparison unavailable.

ASBA peers

Berkshire Hathaway Inc. logo

BRK-B

Berkshire Hathaway Inc.

$495.82

-0.21%

Berkshire Hathaway Inc. logo

BRK-A

Berkshire Hathaway Inc.

$743,500

-0.15%

JPMorgan Chase & Co. logo

JPM

JPMorgan Chase & Co.

$351.58

+0.01%

Visa Inc. logo

V

Visa Inc.

$371.04

+1.45%

Mastercard Incorporated logo

MA

Mastercard Incorporated

$580.63

+1.18%

Bank of America Corporation logo

BAC

Bank of America Corporation

$61.69

-0.27%

ETFs holding ASBA

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
18.28M
Weight
0.14%
AUM
13.06B USD
Expense ratio
0.45%
Price / 1D
$30.46+0.03%
Invesco Preferred ETF logoInvesco Preferred ETFPGX
Market value
10.71M
Weight
0.29%
AUM
3.76B USD
Expense ratio
0.50%
Price / 1D
$10.60-0.28%
Invesco Variable Rate Preferred ETF logoInvesco Variable Rate Preferred ETFVRP
Market value
3.11M
Weight
0.10%
AUM
3.02B USD
Expense ratio
0.50%
Price / 1D
$24.17+0.12%
State Street SPDR ICE Preferred Securities ETF logoState Street SPDR ICE Preferred Securities ETFPSK
Market value
2.86M
Weight
0.42%
AUM
678.06M USD
Expense ratio
0.45%
Price / 1D
$29.59-0.44%
AAM Low Duration Preferred and Income Securities ETF logoAAM Low Duration Preferred and Income Securities ETFPFLD
Market value
540.94K
Weight
0.13%
AUM
487.73M USD
Expense ratio
0.45%
Price / 1D
$19.550.00%
John Hancock Investments - Preferred Income ETF logoJohn Hancock Investments - Preferred Income ETFJHPI
Market value
534.89K
Weight
0.26%
AUM
217.46M USD
Expense ratio
0.54%
Price / 1D
$22.48-0.11%
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF logoGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFGPRF
Market value
247.53K
Weight
0.17%
AUM
145.77M USD
Expense ratio
0.45%
Price / 1D
$49.345+0.03%
iShares Morningstar Multi-Asset Income ETF logoiShares Morningstar Multi-Asset Income ETFIYLD
Market value
25.77K
Weight
0.02%
AUM
125.77M USD
Expense ratio
0.50%
Price / 1D
$22.29+0.22%

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