ASB Stock - Associated Banc-Corp
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.10B | $2.02B | $1.42B | $1.12B | $1.41B |
| Gross Profit | $944.38M | $1.01B | $1.20B | $1.14B | $1.08B |
| Gross Margin | 44.9% | 50.3% | 84.5% | 101.4% | 77.0% |
| Operating Income | $134.46M | $206.05M | $459.63M | $436.31M | $326.97M |
| Net Income | $123.14M | $182.96M | $366.12M | $350.99M | $306.77M |
| Net Margin | 5.9% | 9.1% | 25.8% | 31.3% | 21.8% |
| EPS | $0.73 | $1.14 | $2.36 | $2.20 | $1.87 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 13th 2025 | Truist | Initiation | Hold | $26 |
| April 9th 2025 | Wells Fargo | Upgrade | Overweight | $26 |
| July 17th 2024 | Robert W. Baird | Downgrade | Neutral | $27 |
| March 8th 2024 | Barclays | Initiation | Equal Weight | $22 |
| October 4th 2023 | Wells Fargo | Downgrade | Equal Weight | $18 |
| September 5th 2023 | Robert W. Baird | Upgrade | Outperform | $24← $19 |
| July 6th 2023 | Raymond James | Upgrade | Outperform | $20 |
| March 15th 2023 | UBS | Initiation | Neutral | $22 |
| October 25th 2022 | BofA Securities | Upgrade | Neutral | $24 |
Earnings History & Surprises
ASBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 22, 2026 | $0.69 | — | — | — |
Q4 2025 | Oct 23, 2025 | $0.66 | $0.73 | +10.6% | ✓ BEAT |
Q3 2025 | Jul 24, 2025 | $0.62 | $0.65 | +4.8% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.58 | $0.59 | +2.3% | ✓ BEAT |
Q1 2025 | Jan 23, 2025 | $0.53 | $0.57 | +7.5% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.50 | $0.56 | +12.0% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $0.52 | $0.52 | 0.0% | = MET |
Q2 2024 | Apr 25, 2024 | $0.49 | $0.52 | +6.1% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $0.52 | $0.53 | +1.9% | ✓ BEAT |
Q4 2023 | Oct 19, 2023 | $0.52 | $0.53 | +1.9% | ✓ BEAT |
Q3 2023 | Jul 20, 2023 | $0.59 | $0.56 | -5.1% | ✗ MISS |
Q2 2023 | Apr 20, 2023 | $0.64 | $0.66 | +3.1% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $0.66 | $0.70 | +6.1% | ✓ BEAT |
Q4 2022 | Oct 20, 2022 | $0.59 | $0.62 | +5.1% | ✓ BEAT |
Q3 2022 | Jul 21, 2022 | $0.44 | $0.56 | +27.3% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $0.38 | $0.47 | +23.7% | ✓ BEAT |
Q1 2022 | Jan 20, 2022 | $0.42 | $0.49 | +16.7% | ✓ BEAT |
Q4 2021 | Oct 21, 2021 | $0.44 | $0.56 | +27.3% | ✓ BEAT |
Q3 2021 | Jul 22, 2021 | $0.48 | $0.56 | +16.7% | ✓ BEAT |
Latest News
Associated Banc Corp Announces All Stock $604M Acquisition Of American National Corporation
➖ NeutralBarclays Maintains Equal-Weight on Associated Banc, Lowers Price Target to $30
➖ NeutralAssociated Banc-Corp Increases Dividend From $0.23 to $0.24/Share
📈 PositiveRaymond James Reiterates Outperform on Associated Banc, Raises Price Target to $30
📈 PositiveAssociated Banc Q3 EPS $0.73 Beats $0.68 Estimate, Sales $386.487M Beat $377.248M Estimate
📈 PositiveAssociated Banc Q4 EPS $0.73 Beats $0.68 Estimate, Sales $386.487M Beat $381.032M Estimate
📈 PositiveRBC Capital Maintains Sector Perform on Associated Banc, Raises Price Target to $28
➖ NeutralBarclays Maintains Equal-Weight on Associated Banc, Raises Price Target to $32
📈 PositiveFrequently Asked Questions about ASB
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