Stocks · Financial Services · Banks - Regional
Associated Banc-Corp ASBA
$25.11 +0.16% Close, Oct 2, 2026 · NYSE · Market cap $4.14B
Strong growthLow risk
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
- Revenue over the last four quarters was $2.64B, up 155.2% from a year earlier, accelerating from 140.3% a quarter earlier.
- Operating margin narrowed to -6.0% from 29.2% a year earlier.
- The company holds net cash of $548.1M (cash above total debt).
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.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 3%
- FCF growth (TTM, YoY)Top 42%
- Revenue growth, 3-year CAGRTop 27%
- Revenue growth accelerationTop 7%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 43%
- Gross marginBottom 1%
- Operating marginBottom 9%
- Cash conversion (OCF / net income)Top 13%
- Accruals (lower is better)Top 34%
- Interest coverBottom 11%
How cheap the shares are relative to earnings, cash flow and their own history.
- Free-cash-flow yieldTop 16%
- EBITDA / enterprise valueBottom 5%
- Sales / enterprise valueTop 16%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 27%
- 6-month returnBottom 41%
- 1-year return vs S&P 500Bottom 36%
- Distance from 52-week highTop 8%
- Trend checklist (0–4)Top 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 37%
- Consecutive EPS beatsBottom 17%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 16%
- Maximum drawdown, 3 yearsTop 18%
- Beta vs S&P 500 (lower is better)Top 19%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 140.3% | 155.2% | ↑ |
| Gross margin | 100.0% | -33.1% | ↓ |
| Operating margin | 29.2% | -6.0% | ↓ |
| FCF margin | 53.9% | 27.1% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 155.2% | 140.3% | ↑ | Top 3% |
| Gross margin | -33.1% | 100.0% | ↓ | Bottom 1% |
| Operating margin | -6.0% | 29.2% | ↓ | Bottom 9% |
| Net margin | 9.9% | 13.4% | ↓ | — |
| Free-cash-flow margin | 27.1% | 53.9% | ↓ | — |
| Return on invested capital | 1.0% | — | Bottom 43% | |
| Revenue growth, 3-year CAGR | 21.7% | — | Top 27% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.75×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -147.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -0.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.14%
- Net buyback yield (TTM)
- 0.06%
- Shareholder yield
- 0.20%
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
- 4 of 5
- Average EPS surprise, last 4
- +2.2%
- Average 2-day reaction, last 8
- +0.4%
- Positive 20 days after report
- 2 of 8
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | -8.6% | -0.6% | +0.2% | +0.0% | — |
| Feb 12, 2026 | +3.6% | +0.4% | +0.1% | -1.9% | +0.9% |
| Oct 23, 2025 | +9.3% | +0.0% | -0.8% | -2.9% | +0.0% |
| Jul 29, 2025 | — | +0.4% | +0.7% | +1.6% | +2.0% |
| Apr 29, 2025 | — | +0.1% | +1.0% | -0.1% | +3.2% |
| Apr 24, 2025 | +4.3% | +1.1% | +0.1% | -1.1% | +3.6% |
| Oct 24, 2024 | +12.6% | +0.4% | +0.4% | -1.8% | +0.8% |
| Jul 30, 2024 | — | +1.1% | -0.9% | -0.3% | +4.0% |
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 |
| Feb 12, 2026 | $0.71 | $0.69 | +3.6% | $383.0M |
| Oct 23, 2025 | $0.74 | $0.68 | +9.3% | $386.5M |
| Jul 29, 2025 | $0.65 | — | — | $349.0M |
| Apr 29, 2025 | $0.60 | — | — | $331.7M |
| Apr 24, 2025 | $0.60 | $0.58 | +4.3% | $344.7M |
| Oct 24, 2024 | $0.56 | $0.50 | +12.6% | $330.0M |
| Jul 30, 2024 | $0.74 | — | — | $298.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 1.36× | — | — | Top 16% |
| Free-cash-flow yield | 17.29% | — | — | Top 16% |
P/E over the past five years
Range 7.9× – 32.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
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
- 24
- Days above the 200-day average
- 11
- 50-day average slope (20 days)
- +0.6%
- 200-day average slope (20 days)
- +0.1%
- Distance from 50-day average
- +1.5%
- Distance from 200-day average
- +1.3%
- RSI (14)
- 65.6
- Relative volume
- 0.93×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 4.8%
- Volatility vs own 5-year history
- 0th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.19
- Correlation with S&P 500
- 0.34
- Current drawdown from 1-year high
- -0.5%
- Maximum drawdown, 3 years
- -9.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 8, 2023 | May 19, 2023 | -24.7% | 51 days | 435 days (Feb 13, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.14B
- Revenue (TTM)
- $2.64B
- Dividend yield
- 6.60%
- 52-week range
- $23.90 – $25.37
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.15B | $1.21B | $1.02B | $952.9M | $2.17B |
| Gross profit | $1.15B | $1.21B | $1.02B | $952.9M | $0 |
| Operating income | $510.2M | $538.7M | $324.2M | $234.5M | $577.9M |
| Net income | $331.5M | $352.4M | $183.0M | $123.1M | $474.8M |
| EPS (diluted) | $2.18 | $2.34 | $1.13 | $0.80 | $2.77 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $308.7M | $46.5M | $331.7M | $349.0M | $556.6M | $935.5M | $528.0M | $623.3M |
| Net income | $88.0M | -$161.6M | $101.7M | $111.2M | $124.7M | $137.1M | $0 | $0 |
| EPS (diluted) | $0.58 | -$1.06 | $0.59 | $0.65 | $0.73 | $0.80 | — | — |
| 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 | $0 |
| Free cash flow | $477.3M | $783.9M | $380.9M | $535.3M | $615.7M |
| Dividends paid | -$133.2M | -$134.6M | -$141.0M | -$139.2M | $0 |
| Net share buybacks | -$137.8M | -$6.5M | -$6.6M | -$24.5M | -$22.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $6.91B
- Total assets
- $51.81B
- Total liabilities
- $46.17B
- Total debt
- $0
- Net debt
- -$548.1M
- Shareholders’ equity
- $5.44B
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 17, 2026 | $0.41 | Sep 1, 2026 |
| May 15, 2026 | $0.41 | Jun 1, 2026 |
| Feb 13, 2026 | $0.41 | Mar 2, 2026 |
| Nov 14, 2025 | $0.41 | Dec 1, 2025 |
| Aug 15, 2025 | $0.41 | Sep 2, 2025 |
| May 15, 2025 | $0.41 | Jun 2, 2025 |
| Feb 14, 2025 | $0.41 | Mar 3, 2025 |
| Nov 15, 2024 | $0.41 | Dec 2, 2024 |
Short interest
- Shares sold short
- 8,801
- Days to cover
- 1.00
- Change vs previous report
- +252.5%
FINRA short interest, settlement date Sep 15, 2026.