ASSOCIATED BANC-CORP (ASB) Stock Analysis
ASSOCIATED BANC-CORP (ASB) Stock Analysis
Analysis from 10-Q filed 2025-10-28. Data as of Q4 2025.
Overall Grade: F (Concerning)
ASSOCIATED BANC-CORP faces challenges in financial performance that warrant careful analysis.
| Metric | Value | Context |
|---|---|---|
| ROIC | N/A | Below expectations |
| FCF Margin | 41.4% | Strong cash generation |
| Debt/Equity | 0.1x | Conservative leverage |
Investment Thesis: Healthy free cash flow margin of 41.4% provides financial flexibility for growth and shareholder returns.
Explore ASSOCIATED BANC-CORP: Earnings History | Filing Intelligence | ROIC Analysis
Profitability: ASSOCIATED BANC-CORP earns N/A ROIC
ASSOCIATED BANC-CORP's trailing-twelve-month ROIC of N/A (sector median: 7.3%). Source: 10-Q filed 2025-10-28.
| Metric | ASB | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | N/A | Red flag | Below sector median of 7.3% |
| Return on Equity (ROE) | 9.7% | Adequate | Moderate equity returns |
Cash Flow: ASSOCIATED BANC-CORP generates $615.7M FCF at 41.4% margin, positive NaN/8 quarters
ASSOCIATED BANC-CORP generated $615.7M in free cash flow (TTM), a 41.4% FCF margin, a margin that ranks Top 25% in Financials. Operating cash flow exceeds net income by 1.3x, indicating high earnings quality. FCF was positive in N/A of the last 8 quarters. Source: 10-Q filed 2025-10-28.
| Metric | ASB | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 41.4% | Excellent | Excellent cash conversion |
| Free Cash Flow (TTM) | $615.7M | Good | Positive cash generation |
| OCF/Net Income | 1.3x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: ASSOCIATED BANC-CORP at 0.1x leverage
ASSOCIATED BANC-CORP's debt-to-equity ratio of 0.1x reflects conservative leverage. Net cash position of $1.4B provides financial flexibility. Source: 10-Q filed 2025-10-28.
| Metric | ASB | Rating | Context |
|---|---|---|---|
| Debt to Equity | 0.1x | Excellent | Conservative capital structure |
| Net Cash Position | $1.4B | Excellent | Net cash positive |
Valuation: ASSOCIATED BANC-CORP trades at 9.2x earnings
ASSOCIATED BANC-CORP trades at a P/E of 9.2x. Free cash flow yield of 14.5% offers attractive cash returns relative to price.
| Metric | ASB | Rating | Context |
|---|---|---|---|
| P/E Ratio | 9.2x | Adequate | Reasonable valuation |
| EV/Sales | 2.2x | Good | Attractive revenue multiple |
| FCF Yield | 14.5% | Excellent | Attractive cash return |
| Dividend Yield | 3.6% | Adequate | Meaningful income |
Capital Allocation: ASSOCIATED BANC-CORP returns 3.6% shareholder yield
ASSOCIATED BANC-CORP's total shareholder yield is 3.6% (dividends 3.6% + buybacks). Source: 10-Q filed 2025-10-28.
| Metric | ASB | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 3.6% | Good | Dividend + buyback yield combined |
| Total Capital Returned (TTM) | $155.0M | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Free Cash Flow Margin | 41.4% | Top 25% | 1.9x above |
| Return on Equity (ROE) | 9.7% | Bottom 50% | 0.9x below |
| P/E Ratio | 9.2x | N/A | - |
Financial Scorecard
| Metric | ASB | Rating | Sector Context |
|---|---|---|---|
| Free Cash Flow Margin | 41.4% | Excellent | Top 25% of sector (median: 21.7%) |
| Debt to Equity Ratio | 6.2% | Excellent | Conservative capital structure |
| P/E Ratio (Price-to-Earnings) | 923.3% | Adequate | Attractively valued |
| Free Cash Flow Yield | 14.5% | Excellent | High cash return |
Frequently Asked Questions
Q: What is ASSOCIATED BANC-CORP's Return on Invested Capital (ROIC)?
ASSOCIATED BANC-CORP (ASB) has a trailing twelve-month Return on Invested Capital (ROIC) of N/A. This compares below the sector median of 7.3%. An ROIC below 8% suggests the company may be destroying shareholder value.
Q: What is ASSOCIATED BANC-CORP's Free Cash Flow Margin?
ASSOCIATED BANC-CORP (ASB) has a free cash flow margin of 41.4%, generating $615.7 million in free cash flow over the trailing twelve months. A FCF margin above 20% indicates excellent cash conversion and a high-quality business model.
Q: Is ASSOCIATED BANC-CORP stock overvalued or undervalued?
ASSOCIATED BANC-CORP (ASB) trades at a P/E ratio of 9.2x, which is above the sector median of N/A. The EV/Sales multiple is 2.2x. Free cash flow yield is 14.5%, which represents an attractive cash return to investors.
Q: Does ASSOCIATED BANC-CORP pay a dividend?
ASSOCIATED BANC-CORP (ASB) currently pays a dividend yield of 3.6%. Including share buybacks, the total shareholder yield is 3.6%. This yield is moderate, suggesting a balance between income and growth reinvestment.
Q: What is ASSOCIATED BANC-CORP's revenue and earnings growth?
ASSOCIATED BANC-CORP (ASB) grew revenue by 758.0% year-over-year. Earnings per share increased by 286.1% compared to the prior year. Double-digit revenue growth indicates strong demand and market share gains.
Q: How does ASSOCIATED BANC-CORP compare to competitors in Financials?
Compared to other companies in Financials, ASSOCIATED BANC-CORP (ASB) shows: ROIC of N/A is below the sector median of 7.3% (NaNx median). FCF margin of 41.4% exceeds the sector median of 21.7% (Top 18% of sector). These rankings are based on MetricDuck's analysis of all Financials companies with available SEC filings.
Q: What warning signs should I watch for with ASSOCIATED BANC-CORP?
ASSOCIATED BANC-CORP (ASB) shows no major financial warning signs based on current metrics. However, investors should always monitor: 1) Margin compression trends, 2) Cash flow consistency, 3) Debt levels relative to cash generation, and 4) Changes in competitive positioning.
Data Source: Data sourced from 10-Q filed 2025-10-28. TTM metrics as of Q4 2025.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.