Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit. It also provides 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 and foreign exchange solutions; fiduciary services, such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management services; and investable funds solutions, including 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. In addition, the company offers deposit and transactional solutions, including checking, credit, debit and pre-paid cards, online banking and bill pay; and money transfer services. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.
Competitive Position | Discover how ASB's improved capital ratios and strategic moves may narrow its valuation gap in the U.S. Mid-Cap Banks sector, despite profitability challenges |
Growth Projections | Analysts revise ASB's outlook, with average price target of $24.71. Learn about management's optimism for H2 2024 despite lowered full-year expectations |
Financial Performance | Delve into ASB's mixed Q2 results, featuring an EPS beat of $0.74 but underperformance in key areas like Net Interest Margin and Income |
Strategic Reshaping | Explore Associated Banc-Corp's recent $300M stock raise and balance sheet actions, aimed at strengthening capital ratios and driving future profitability |
Metrics to compare | ASB | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipASBPeersSector | |
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P/E Ratio | 23.2x | 34.9x | 8.8x | |
PEG Ratio | −0.46 | 0.06 | 0.03 | |
Price / Book | 1.0x | 1.2x | 1.0x | |
Price / LTM Sales | 4.2x | 4.5x | 2.8x | |
Upside (Analyst Target) | 6.6% | 10.0% | 11.1% | |
Fair Value Upside | Unlock | 3.6% | 2.5% | Unlock |