📊 ASBA Key Takeaways
Is Associated Banc-Corp. (ASBA) a Good Investment?
Associated Banc-Corp demonstrates solid profitability with strong revenue growth (+80.9% YoY) and respectable net margins (21.9%), supported by healthy free cash flow generation ($615.7M). However, concerning interest coverage ratio (0.1x) and moderate ROA (1.1%) suggest elevated leverage risk and asset efficiency challenges typical of regional banking stress, warranting cautious positioning.
Associated Banc-Corp shows solid core fundamentals with positive net income growth, healthy cash generation, and reasonable balance-sheet leverage for a bank. However, the quality of growth looks mixed because reported revenue surged 80.9% while net income rose only 2.5%, suggesting margin pressure or less efficient conversion of top-line gains into shareholder earnings.
Associated Banc-Corp. Key Strengths (ASBA)
- Strong revenue growth of 80.9% year-over-year indicates expanding business activity
- Robust net profit margin of 21.9% demonstrates effective cost control and profitability
- Excellent free cash flow generation at $615.7M with 28.3% FCF margin provides operational strength
- Conservative debt-to-equity ratio of 0.20x shows manageable leverage levels
- Substantial asset base of $45.2B provides scale and diversification
- Net income remained positive and grew modestly year over year, supporting stable profitability
- ROA of 1.1% and ROE of 9.5% indicate respectable earnings power for a regional bank
- Low reported debt-to-equity and strong operating cash flow support balance-sheet flexibility
ASBA Stock Risks: Associated Banc-Corp. Investment Risks
- Critically low interest coverage ratio of 0.1x indicates severe debt service pressure and potential solvency concerns
- Modest return on assets (1.1%) suggests inefficient asset utilization for a regional bank
- Below-average ROE of 9.5% indicates suboptimal returns to shareholders relative to equity capital
- High insider activity with 87 Form 4 filings in 90 days raises governance and confidence concerns
- Diluted EPS surge of 284.7% appears disconnected from net income growth of 2.5%, suggesting significant share activity or accounting adjustments
- Revenue growth materially outpaced net income growth, which may indicate weaker earnings quality or higher costs
- Operating margin of 5.9% is thin and suggests profitability could be vulnerable if credit costs or funding costs rise
- Bank fundamentals remain exposed to loan losses, deposit competition, and interest-rate sensitivity
Key Metrics to Watch
- Interest coverage ratio trend - critical indicator of debt sustainability
- Net interest margin and loan loss provisions - core banking profitability drivers
- Capital adequacy ratios and regulatory compliance status
- Asset quality metrics and non-performing loan trends
- ROA and ROE progression - efficiency and shareholder return improvement
- Net interest margin and efficiency ratio trend
- Credit quality metrics including nonperforming loans and provision expense
Associated Banc-Corp. (ASBA) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 28.3% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
ASBA Profit Margin, ROE & Profitability Analysis
ASBA vs Finance Sector: How Associated Banc-Corp. Compares
How Associated Banc-Corp. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Associated Banc-Corp. Stock Overvalued? ASBA Valuation Analysis 2026
Based on fundamental analysis, Associated Banc-Corp. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Associated Banc-Corp. Balance Sheet: ASBA Debt, Cash & Liquidity
ASBA Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Associated Banc-Corp.'s revenue has shown modest growth of 0% over the 5-year period. The most recent EPS of $1.13 reflects profitable operations.
ASBA Revenue Growth, EPS Growth & YoY Performance
ASBA Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2024 | $320.8M | $81.2M | $0.53 |
| Q2 2024 | $321.8M | $81.2M | $0.56 |
| Q1 2024 | $322.8M | $81.2M | $0.52 |
| Q3 2023 | $320.8M | $74.3M | $0.53 |
| Q2 2023 | $291.6M | $74.3M | $0.56 |
| Q1 2023 | $262.2M | $74.3M | $0.47 |
| Q3 2022 | $265.8M | $74.3M | $0.56 |
| Q2 2022 | $253.0M | $74.3M | $0.56 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Associated Banc-Corp. Dividends, Buybacks & Capital Allocation
ASBA SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Associated Banc-Corp. (CIK: 0000007789)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ASBA
What is the AI rating for ASBA?
Associated Banc-Corp. (ASBA) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 71% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ASBA's key strengths?
Claude: Strong revenue growth of 80.9% year-over-year indicates expanding business activity. Robust net profit margin of 21.9% demonstrates effective cost control and profitability. ChatGPT: Net income remained positive and grew modestly year over year, supporting stable profitability. ROA of 1.1% and ROE of 9.5% indicate respectable earnings power for a regional bank.
What are the risks of investing in ASBA?
Claude: Critically low interest coverage ratio of 0.1x indicates severe debt service pressure and potential solvency concerns. Modest return on assets (1.1%) suggests inefficient asset utilization for a regional bank. ChatGPT: Revenue growth materially outpaced net income growth, which may indicate weaker earnings quality or higher costs. Operating margin of 5.9% is thin and suggests profitability could be vulnerable if credit costs or funding costs rise.
What is ASBA's revenue and growth?
Associated Banc-Corp. reported revenue of $2.2B.
Does ASBA pay dividends?
Associated Banc-Corp. pays dividends, with $155.8M distributed to shareholders in the trailing twelve months.
Where can I find ASBA SEC filings?
Official SEC filings for Associated Banc-Corp. (CIK: 0000007789) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ASBA's EPS?
Associated Banc-Corp. has a diluted EPS of $2.77.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is ASBA's fundamental grade?
Based on our AI fundamental analysis in June 2026, Associated Banc-Corp. has a B grade with 71% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is ASBA stock overvalued or undervalued?
Valuation metrics for ASBA: ROE of 9.5% (sector avg: 12%), net margin of 21.9% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
What is ASBA's AI grade for 2026?
Our dual AI analysis gives Associated Banc-Corp. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ASBA's free cash flow?
Associated Banc-Corp.'s operating cash flow is $615.7M, with capital expenditures of N/A. FCF margin is 28.3%.
How does ASBA compare to other Finance stocks?
Vs Finance sector averages: Net margin 21.9% (avg: 25%), ROE 9.5% (avg: 12%), current ratio N/A (avg: 1.2).