Associated Banc Corp - Understand $asb stock

$ASB Market Cap: $4.263 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$652.6M

TTM

Gross Margin

Net Earnings

$188.1M

TTM

Current Assets

Current Liabilities

$1.450B

Q3 2024

Current Ratio

Total Assets

$42.21B

Q3 2024

Total Liabilities

$37.80B

Q3 2024

Book Value

$4.413B

Q3 2024

Cash

$967.0M

Q3 2024

P/E

22.66

Dec 04, 2024 EST

Free Cash Flow

$387.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$1.103B	$1.145B	$1.058B	$1.277B	$1.216B	$1.235B	$1.074B	$1.060B	$1.006B	$971.8M	$958.6M	$939.3M	$886.0M	$969.2M	$1.097B
YoY Change	-3.71%	8.22%	-17.13%	4.97%	-1.51%	15.02%	1.3%	5.42%	3.48%	1.38%	2.06%	6.02%	-8.59%	-11.61%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$1.103B	$1.145B	$1.058B	$1.277B	$1.216B	$1.235B	$1.074B	$1.060B	$1.006B	$971.8M	$958.6M	$939.3M	$886.0M	$969.2M	$1.097B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$46.99M	$53.90M	$46.51M	$50.57M	$58.15M	$48.25M	$46.97M	$32.00M	$33.00M	$34.00M	$33.00M	$30.00M	$24.00M	$22.00M	$22.00	$51.20M	$50.00M	$53.50M	$54.70M	$38.70M	$36.60M	$51.50M	$47.00M	$37.70M	$37.10M	$27.70M	$27.10M	$30.60M	$23.90M	$9.200M	$8.400M	$9.700M	$8.500M	$7.400M	$4.300M	$3.700M
YoY Change	-12.82%	15.89%	-8.03%	-13.04%	20.51%	2.74%	46.77%	-3.03%	-2.94%	3.03%	10.0%	25.0%	9.09%	99999900.0%	-100.0%	2.4%	-6.54%	-2.19%	41.34%	5.74%	-28.93%	9.57%	24.67%	1.62%	33.94%	2.21%	-11.44%	28.03%	159.78%	9.52%	-13.4%	14.12%	14.86%	72.09%	16.22%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$918.5M	$187.9M	$72.33M	$149.9M	$336.9M	$274.6M	$145.4M	$84.30M	$77.38M	$55.78M	$63.44M	$92.29M	$128.8M	$172.3M	$255.3M
YoY Change	388.73%	159.81%	-51.74%	-55.52%	22.72%	88.85%	72.47%	8.93%	38.74%	-12.08%	-31.26%	-28.34%	-25.27%	-32.48%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$206.1M	$459.6M	$436.3M	$327.0M	$406.5M	$413.3M	$338.8M	$287.6M	$269.8M	$276.0M	$267.9M	$254.5M	$183.4M	-$41.03M	-$285.1M	$222.3M	$419.2M	$449.8M	$469.9M	$370.3M	$321.7M	$296.3M	$251.0M	$229.8M	$237.3M	$233.0M	$116.3M	$165.2M	$174.4M	$67.10M	$56.40M	$45.40M	$20.70M	$30.90M	$23.00M	$19.40M	$16.10M	$14.60M	$12.70M	$10.30M	$9.100M
YoY Change	-55.17%	5.35%	33.44%	-19.57%	-1.65%	22.02%	17.79%	6.6%	-2.27%	3.04%	5.28%	38.72%	-547.08%	-85.61%	-228.25%	-46.97%	-6.8%	-4.28%	26.9%	15.11%	8.57%	18.05%	9.23%	-3.16%	1.85%	100.34%	-29.6%	-5.28%	159.91%	18.97%	24.23%	119.32%	-33.01%	34.35%	18.56%	20.5%	10.27%	14.96%	23.3%	13.19%
Income Tax	$23.10M	$93.51M	$85.31M	$20.20M	$79.72M	$79.79M	$109.5M	$87.32M	$81.49M	$85.54M	$79.20M	$75.49M	$43.73M	-$40.17M	-$153.2M	$53.80M	$133.4M	$133.1M	$149.7M	$112.1M	$93.10M	$85.60M	$71.50M	$61.80M	$72.40M	$75.90M	$63.90M	$57.50M	$62.40M	$23.50M	$19.00M	$14.40M	$8.000M	$8.600M	$5.600M	$4.200M	$2.800M	$1.400M	$1.400M	$1.300M	$1.600M
% Of Pretax Income	11.21%	20.34%	19.55%	6.18%	19.61%	19.3%	32.32%	30.36%	30.2%	30.99%	29.56%	29.67%	23.84%			24.2%	31.82%	29.59%	31.86%	30.27%	28.94%	28.89%	28.49%	26.89%	30.51%	32.58%	54.94%	34.81%	35.78%	35.02%	33.69%	31.72%	38.65%	27.83%	24.35%	21.65%	17.39%	9.59%	11.02%	12.62%	17.58%
Net Earnings	$183.0M	$352.4M	$351.0M	$306.8M	$326.8M	$333.6M	$229.3M	$200.3M	$188.3M	$190.5M	$188.7M	$179.0M	$139.7M	-$856.0K	-$131.9M	$168.5M	$285.8M	$316.6M	$320.2M	$258.3M	$228.7M	$210.7M	$179.5M	$168.0M	$164.9M	$157.0M	$52.40M	$107.0M	$112.0M	$43.60M	$37.40M	$32.00M	$12.70M	$22.30M	$17.30M	$15.10M	$13.30M	$13.20M	$11.30M	$9.000M	$7.500M
YoY Change	-48.08%	0.4%	14.42%	-6.13%	-2.03%	45.49%	14.48%	6.36%	-1.16%	0.96%	5.43%	28.11%	-16419.98%	-99.35%	-178.25%	-41.04%	-9.73%	-1.12%	23.96%	12.94%	8.54%	17.38%	6.85%	1.88%	5.03%	199.62%	-51.03%	-4.46%	156.88%	16.58%	16.88%	151.97%	-43.05%	28.9%	14.57%	13.53%	0.76%	16.81%	25.56%	20.0%
Net Earnings / Revenue	16.59%	30.77%	33.17%	24.02%	26.86%	27.01%	21.35%	18.89%	18.72%	19.6%	19.68%	19.05%	15.77%	-0.09%	-12.02%
Basic Earnings Per Share	$1.14	$2.36	$2.20	$1.87	$1.93	$1.92	$1.45	$1.27	$1.20	$1.17	$1.10	$1.00	$0.66	-$0.18	-$1.26
Diluted Earnings Per Share	$1.13	$2.34	$2.18	$1.86	$1.91	$1.89	$1.42	$1.26	$1.19	$1.16	$1.10	$1.00	$0.66	-$0.18	-$1.26	$1.318M	$2.226M	$2.379M	$2.428M	$2.246M	$2.046M	$1.861M	$1.635M	$1.488M	$1.418M	$1.356M	$451.7K	$916.1K	$987.7K	$906.4K	$844.2K	$754.7K	$306.0K	$545.2K	$554.5K	$491.9K	$443.3K	$445.9K	$383.1K	$307.2K	$282.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$373.3M	$377.4M	$385.0M	$451.0M	$437.0M	$363.0M	$331.0M	$330.0M	$268.0M	$275.0M	$271.0M	$244.0M	$224.0M	$191.0M	$187.0M	$191.0M	$197.0M	$196.0M	$206.0M	$185.0M	$131.0M	$133.0M	$120.0M	$128.0M	$140.0M	$140.0M	$128.0M	$128.0M	$59.00M	$57.00M	$46.00M	$47.00M	$48.00M	$30.00M	$28.00M	$24.00M	$23.00M	$20.00M	$17.00M	$13.00M	$11.00M
YoY Change	-1.06%	-1.98%	-14.63%	3.2%	20.39%	9.67%	0.3%	23.13%	-2.55%	1.48%	11.07%	8.93%	17.28%	2.14%	-2.09%	-3.05%	0.51%	-4.85%	11.35%	41.22%	-1.5%	10.83%	-6.25%	-8.57%	0.0%	9.38%	0.0%	116.95%	3.51%	23.91%	-2.13%	-2.08%	60.0%	7.14%	16.67%	4.35%	15.0%	17.65%	30.77%	18.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$258.1M	$276.8M	$294.0M	$297.0M	$280.0M	$161.0M	$147.0M
YoY Change	-6.76%	-5.86%	-1.01%	6.07%	73.91%	9.52%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$41.02B	$39.41B	$35.10B	$33.42B	$32.39B	$33.62B	$30.48B	$29.14B	$27.71B	$26.82B	$24.23B	$23.49B	$21.92B	$21.79B	$22.87B	$24.19B	$21.59B	$20.86B	$22.10B	$20.52B	$15.25B	$15.04B	$13.60B	$13.13B	$12.52B	$11.25B	$10.69B	$10.12B	$3.923B	$3.418B	$2.982B	$2.965B	$2.857B	$1.870B	$1.751B	$1.674B	$1.548B	$1.405B	$1.250B	$1.082B	$835.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$552.8M	$541.4M	$349.0M	$364.0M	$490.0M	$410.0M	$319.0M	$255.0M	$223.0M	$222.0M	$194.0M	$193.0M	$196.0M	$240.0M	$226.0M	$595.0M	$197.0M	$186.0M	$187.0M	$185.0M	$144.0M	$160.0M	$174.0M	$147.0M	$119.0M	$117.0M	$129.0M	$126.0M	$51.00M	$27.00M	$25.00M	$22.00M	$27.00M	$19.00M	$19.00M	$16.00M	$13.00M	$16.00M	$15.00M	$22.00M	$13.00M
YoY Change	2.1%	55.14%	-4.12%	-25.71%	19.51%	28.53%	25.1%	14.35%	0.45%	14.43%	0.52%	-1.53%	-18.33%	6.19%	-62.02%	202.03%	5.91%	-0.53%	1.08%	28.47%	-10.0%	-8.05%	18.37%	23.53%	1.71%	-9.3%	2.38%	147.06%	88.89%	8.0%	13.64%	-18.52%	42.11%	0.0%	18.75%	23.08%	-18.75%	6.67%	-31.82%	69.23%
Deferred Revenue
YoY Change
Short-Term Debt	$326.8M	$605.9M	$354.0M	$252.0M	$465.0M	$157.0M	$392.0M	$610.0M	$499.0M	$568.0M	$541.0M	$2.327B	$2.514B	$1.747B	$1.727B	$4.004B	$3.327B	$2.148B	$3.376B	$3.477B	$2.358B	$2.390B	$2.644B	$2.598B	$2.775B	$1.671B	$1.337B	$1.201B	$364.0M	$321.0M	$263.0M	$249.0M	$302.0M	$259.0M	$234.0M	$210.0M	$176.0M	$165.0M	$140.0M	$113.0M	$96.00M
YoY Change	-46.07%	71.17%	40.48%	-45.81%	196.18%	-59.95%	-35.74%	22.24%	-12.15%	4.99%	-76.75%	-7.44%	43.9%	1.16%	-56.87%	20.35%	54.89%	-36.37%	-2.9%	47.46%	-1.34%	-9.61%	1.77%	-6.38%	66.07%	24.98%	11.32%	229.95%	13.4%	22.05%	5.62%	-17.55%	16.6%	10.68%	11.43%	19.32%	6.67%	17.86%	23.89%	17.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$879.6M	$541.4M	$349.0M	$364.0M	$490.0M	$410.0M	$319.0M	$255.0M	$223.0M	$222.0M	$194.0M	$193.0M	$196.0M	$240.0M	$226.0M	$595.0M	$197.0M	$186.0M	$187.0M	$185.0M	$144.0M	$160.0M	$174.0M	$147.0M	$119.0M	$117.0M	$129.0M	$126.0M	$51.00M	$27.00M	$25.00M	$22.00M	$27.00M	$19.00M	$19.00M	$16.00M	$13.00M	$16.00M	$15.00M	$22.00M	$13.00M
YoY Change	62.46%	55.14%	-4.12%	-25.71%	19.51%	28.53%	25.1%	14.35%	0.45%	14.43%	0.52%	-1.53%	-18.33%	6.19%	-62.02%	202.03%	5.91%	-0.53%	1.08%	28.47%	-10.0%	-8.05%	18.37%	23.53%	1.71%	-9.3%	2.38%	147.06%	88.89%	8.0%	13.64%	-18.52%	42.11%	0.0%	18.75%	23.08%	-18.75%	6.67%	-31.82%	69.23%
Long-Term Debt	$541.3M	$248.1M	$249.0M	$549.0M	$549.0M	$796.0M	$497.0M	$2.762B	$2.676B	$3.930B	$3.087B	$615.0M	$677.0M	$413.0M	$443.0M	$444.0M	$668.0M	$1.043B	$1.348B	$896.0M	$693.0M	$2.097B	$1.103B	$122.0M	$24.00M	$26.00M	$15.00M	$33.00M	$22.00M	$4.000M	$5.000M	$18.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	118.19%	-0.37%	-54.64%	0.0%	-31.03%	60.16%	-82.01%	3.21%	-31.91%	27.31%	401.95%	-9.16%	63.92%	-6.77%	-0.23%	-33.53%	-35.95%	-22.63%	50.45%	29.29%	-66.95%	90.12%	804.1%	408.33%	-7.69%	73.33%	-54.55%	50.0%	450.0%	-20.0%	-72.22%
Other Long-Term Liabilities	$34.78M	$38.78M	$40.00M	$48.00M	$0.00	$0.00	$68.00M	$51.00M	$33.00M	$37.00M	$46.00M	$76.00M	$80.00M
YoY Change	-10.32%	-3.06%	-16.67%			-100.0%	33.33%	54.55%	-10.81%	-19.57%	-39.47%	-5.0%
Total Long-Term Liabilities	$576.0M	$286.8M	$289.0M	$597.0M	$549.0M	$796.0M	$565.0M	$2.813B	$2.709B	$3.967B	$3.133B	$691.0M	$757.0M	$413.0M	$443.0M	$444.0M	$668.0M	$1.043B	$1.348B	$896.0M	$693.0M	$2.097B	$1.103B	$122.0M	$24.00M	$26.00M	$15.00M	$33.00M	$22.00M	$4.000M	$5.000M	$18.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	100.82%	-0.74%	-51.59%	8.74%	-31.03%	40.88%	-79.91%	3.84%	-31.71%	26.62%	353.4%	-8.72%	83.29%	-6.77%	-0.23%	-33.53%	-35.95%	-22.63%	50.45%	29.29%	-66.95%	90.12%	804.1%	408.33%	-7.69%	73.33%	-54.55%	50.0%	450.0%	-20.0%	-72.22%
Total Liabilities	$36.84B	$35.39B	$31.08B	$29.33B	$28.46B	$29.83B	$27.25B	$26.05B	$24.78B	$24.02B	$21.34B	$20.55B	$19.06B	$18.63B	$20.14B	$21.32B	$19.26B	$18.62B	$19.78B	$18.50B	$13.90B	$13.77B	$12.53B	$12.16B	$11.61B	$10.37B	$9.877B	$9.320B	$3.582B	$3.133B	$2.725B	$2.740B	$2.662B	$1.732B	$1.625B	$1.562B	$1.451B	$1.317B	$1.173B	$1.019B	$784.0M
YoY Change	4.1%	13.87%	5.97%	3.04%	-4.59%	9.5%	4.6%	5.14%	3.13%	12.59%	3.82%	7.83%	2.31%	-7.49%	-5.54%	10.66%	3.47%	-5.86%	6.87%	33.12%	0.93%	9.87%	3.08%	4.74%	11.94%	5.01%	5.98%	160.19%	14.33%	14.97%	-0.55%	2.93%	53.7%	6.58%	4.03%	7.65%	10.17%	12.28%	15.11%	29.97%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	150.0M shares	149.2M shares	150.8M shares	153.0M shares	160.5M shares	167.3M shares	150.9M shares	148.8M shares	149.4M shares	157.3M shares	165.6M shares	172.3M shares	173.4M shares	171.2M shares	127.9M shares
Diluted Shares Outstanding	150.9M shares	150.5M shares	152.0M shares	153.6M shares	161.9M shares	169.7M shares	153.6M shares	150.0M shares	150.6M shares	158.3M shares	165.8M shares	172.4M shares	173.4M shares	171.2M shares	127.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.2626 Billion

About ASSOCIATED BANC-CORP

Associated Banc-Corp. is a holding company, which engages in banking and non-banking financial services to individuals and businesses through its subsidiaries. The company is headquartered in Green Bay, Wisconsin and currently employs 4,100 full-time employees. The Company, through Associated Bank and various nonbanking subsidiaries, provides a range of banking and nonbanking products and services to individuals and businesses. The firm is a banking franchise, offering a full range of financial products and services from more than 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty segment consists of lending and deposit solutions to larger businesses, developers, not-for-profits, municipalities, and financial institutions, and the support to deliver, fund, and manage such banking solutions. Its Community, Consumer, and Business segment consists of lending and deposit solutions to individuals and small to mid-sized businesses. Its Risk Management and Shared Services segment includes key shared corporate functions, parent company activity, intersegment eliminations, and residual revenues and expenses.

Industry: State Commercial Banks Peers: Ameris Bancorp BANCFIRST CORP /OK/ BANK OF HAWAII CORP FIRST HAWAIIAN, INC. CATHAY GENERAL BANCORP COMMUNITY FINANCIAL SYSTEM, INC. PACIFIC PREMIER BANCORP INC PNC FINANCIAL SERVICES GROUP, INC. SIMMONS FIRST NATIONAL CORP TEXAS CAPITAL BANCSHARES INC/TX