📊 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.
Why Buy Associated Banc-Corp. Stock? ASBA Key Strengths
- 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 Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) 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 rating reflects both perspectives for balanced insights.
Is ASBA a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Associated Banc-Corp. has a HOLD rating with 71% confidence. Review the strengths and risks sections above before making a decision. 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.
Should I buy ASBA stock in 2026?
Our dual AI analysis gives Associated Banc-Corp. a combined HOLD rating 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).