Stocks · Financial Services · Banks - Regional
Associated Banc-Corp ASB
$29.00 +0.97% Close, Oct 2, 2026 · NYSE · Market cap $5.47B
Strong growth
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $2.86, up 276.3% year over year.
- Operating margin widened to 24.5% from 9.1% a year earlier.
- The diluted share count rose 14.2% in a year.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth96Exceptional
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 21%
- EPS growth (TTM, YoY)Top 4%
- FCF growth (TTM, YoY)Top 38%
- Revenue growth, 3-year CAGRTop 32%
- Revenue growth accelerationTop 21%
Quality40Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 43%
- Gross marginBottom 38%
- Operating marginTop 42%
- Cash conversion (OCF / net income)Top 33%
- Accruals (lower is better)Top 45%
- Net debt / EBITDA (lower is better)Bottom 18%
- Interest coverBottom 35%
Value74Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 17%
- Free-cash-flow yieldTop 25%
- EBITDA / enterprise valueTop 47%
- Sales / enterprise valueBottom 33%
- P/E vs own 5-year history (lower is better)Top 36%
Momentum55Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 37%
- 6-month returnTop 36%
- 1-year return vs S&P 500Top 39%
- Distance from 52-week highBottom 50%
- Trend checklist (0–4)Top 48%
Revisions21Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 46%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyBottom 24%
- Upside to consensus price targetTop 49%
Stability25Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 35%
- Maximum drawdown, 3 yearsBottom 39%
- Beta vs S&P 500 (lower is better)Bottom 15%
- Net debt / EBITDA (lower is better)Bottom 18%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 17.8% | 21.3% | ↑ |
| EPS growth (YoY) | 238.8% | 276.3% | ↑ |
| Gross margin | 48.5% | 60.5% | ↑ |
| Operating margin | 9.1% | 24.5% | ↑ |
| FCF margin | 24.0% | 26.5% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 21.3% | 17.8% | ↑ | Top 21% |
| EPS growth (TTM, YoY) | 276.3% | 238.8% | ↑ | Top 4% |
| Gross margin | 60.5% | 48.5% | ↑ | Bottom 38% |
| Operating margin | 24.5% | 9.1% | ↑ | Top 42% |
| Net margin | 19.7% | 6.6% | ↑ | — |
| Free-cash-flow margin | 26.5% | 24.0% | ↑ | — |
| Return on invested capital | 1.0% | — | Bottom 43% | |
| Revenue growth, 3-year CAGR | 20.0% | — | Top 32% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.42×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -13.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 7.03×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.01%
- Net buyback yield (TTM)
- 0.33%
- Shareholder yield
- 3.34%
- Share count change, 1 year
- +14.2%
- Share count change, 3-year CAGR
- +8.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +4.1%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $33.50
- Target vs current price
- +15.5%
- Analysts with a rating
- 20
- Share rating Buy or Strong Buy
- 30%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | -8.6% | -1.4% | +0.1% | +0.4% | — |
| Apr 23, 2026 | +1.4% | +0.2% | -0.0% | +0.5% | +11.2% |
| Jan 22, 2026 | +15.9% | +0.6% | -1.8% | +3.8% | +3.1% |
| Oct 23, 2025 | +7.8% | +0.4% | -1.6% | -2.0% | +3.7% |
| Jul 24, 2025 | +4.8% | -2.4% | -2.8% | -2.2% | -6.9% |
| Apr 24, 2025 | +2.3% | +2.9% | +3.1% | +7.9% | +19.7% |
| Jan 23, 2025 | +7.5% | -0.7% | -3.1% | -1.6% | -21.7% |
| Oct 24, 2024 | +12.0% | +1.0% | +6.9% | +18.2% | +13.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $0.66 | $0.72 | -8.6% | $450.4M |
| Apr 23, 2026 | $0.70 | $0.69 | +1.4% | $383.0M |
| Jan 22, 2026 | $0.80 | $0.69 | +15.9% | $389.4M |
| Oct 23, 2025 | $0.73 | $0.68 | +7.8% | $386.5M |
| Jul 24, 2025 | $0.65 | $0.62 | +4.8% | $367.0M |
| Apr 24, 2025 | $0.59 | $0.58 | +2.3% | $344.7M |
| Jan 23, 2025 | $0.57 | $0.53 | +7.5% | $345.8M |
| Oct 24, 2024 | $0.56 | $0.50 | +12.0% | $330.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.1× | 11.1× | 38th | Top 17% |
| P/E (forward) | 9.7× | — | — | — |
| EV / EBITDA | 14.5× | — | — | Top 47% |
| EV / Sales | 4.14× | — | — | Bottom 33% |
| Free-cash-flow yield | 12.42% | — | — | Top 25% |
| Earnings yield | 9.86% | — | — | Top 17% |
P/E over the past five years
Range 6.6× – 33.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +13.5%
- Earnings per share growth (TTM)
- +276.3%
- Change in P/E multiple
- -66.6%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 129
- 50-day average slope (20 days)
- -1.6%
- 200-day average slope (20 days)
- +1.3%
- Distance from 50-day average
- -5.0%
- Distance from 200-day average
- +2.2%
- RSI (14)
- 40.5
- Relative volume
- 0.76×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 18.0%
- Volatility vs own 5-year history
- 0th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.13
- Correlation with S&P 500
- 0.59
- Current drawdown from 1-year high
- -10.3%
- Maximum drawdown, 3 years
- -32.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 8, 2022 | May 16, 2023 | -43.7% | 318 days | 372 days (Nov 6, 2024) |
| Nov 6, 2024 | Apr 8, 2025 | -32.8% | 103 days | 206 days (Feb 3, 2026) |
| May 17, 2021 | Jul 19, 2021 | -20.4% | 43 days | 80 days (Nov 9, 2021) |
| Feb 6, 2026 | Mar 18, 2026 | -17.1% | 27 days | 60 days (Jun 12, 2026) |
| Jan 14, 2021 | Jan 29, 2021 | -11.7% | 10 days | 16 days (Feb 23, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $5.47B
- P/E (TTM)
- 10.1
- EPS, diluted (TTM)
- $2.86
- Revenue (TTM)
- $2.57B
- Dividend yield
- 3.31%
- 52-week range
- $23.86 – $32.46
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.12B | $1.42B | $2.02B | $2.10B | $2.46B |
| Gross profit | $1.14B | $1.20B | $1.01B | $944.4M | $1.43B |
| Operating income | $436.3M | $459.6M | $206.1M | $134.5M | $577.9M |
| Net income | $351.0M | $366.1M | $183.0M | $123.1M | $474.8M |
| EPS (diluted) | $2.18 | $2.34 | $1.13 | $0.72 | $2.77 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $604.8M | $320.0M | $582.1M | $609.8M | $636.2M | $623.7M | $603.9M | $703.7M |
| Net income | $88.0M | -$161.6M | $101.7M | $111.2M | $124.7M | $137.1M | $119.6M | $123.6M |
| EPS (diluted) | $0.56 | -$1.04 | $0.59 | $0.65 | $0.73 | $0.80 | $0.70 | $0.63 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $529.6M | $846.6M | $442.7M | $580.2M | $615.7M |
| Capital expenditure | -$52.3M | -$62.7M | -$61.8M | -$45.0M | -$36.4M |
| Free cash flow | $477.3M | $783.9M | $380.9M | $535.3M | $579.3M |
| Dividends paid | -$116.1M | -$123.1M | -$129.5M | -$139.2M | -$155.8M |
| Net share buybacks | -$137.8M | -$6.5M | -$2.3M | $306.5M | -$22.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $6.91B
- Total assets
- $51.81B
- Total liabilities
- $46.17B
- Total debt
- $5.70B
- Net debt
- $5.15B
- Shareholders’ equity
- $5.64B
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 1, 2026 | $0.24 | Sep 15, 2026 |
| Jun 1, 2026 | $0.24 | Jun 15, 2026 |
| Mar 2, 2026 | $0.24 | Mar 16, 2026 |
| Dec 1, 2025 | $0.24 | Dec 15, 2025 |
| Sep 2, 2025 | $0.23 | Sep 15, 2025 |
| Jun 2, 2025 | $0.23 | Jun 16, 2025 |
| Mar 3, 2025 | $0.23 | Mar 17, 2025 |
| Dec 2, 2024 | $0.23 | Dec 16, 2024 |
Short interest
- Shares sold short
- 7,523,490
- Days to cover
- 3.95
- Change vs previous report
- +9.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- May 13, 2004
- 3-for-2
- Apr 25, 2002
- 11-for-10
- May 30, 2000
- 11-for-10
- Jun 15, 1998
- 5-for-4
- Mar 3, 1997
- 6-for-5