Associated Banc-Corp Common Stock (ASB)

FairStock Score: 72/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, Associated Banc-Corp traded at $28.56, and FairStock’s calculations show a P/E of 9.95, a P/B of 0.98, an ROE of 9.69%, a PEG of 0.90, and a 3.36% dividend yield. That is not an expensive price for a bank, but it is not a giveaway either. The Lynch category computed from filed annual results is STALWART, with profit growing 9.1% a year over five years, and FairStock’s revenue growth and profit growth figures are 23.23% and 11.09%, respectively. Filed numbers show fiscal Q2 2026, the quarter ended 2026-06-30, net income of $123.6 million and diluted EPS of $0.63, versus fiscal Q2 2025 net income of $111.2 million and diluted EPS of $0.65. So profit improved, but per-share earnings slipped. For FY2025, net income was $474.8 million and diluted EPS $2.77; FY2023 was $183.0 million and $1.13; FY2024 was $123.1 million and $0.72, which is a very uneven record. The business has a regional deposit franchise across Wisconsin, Illinois, Missouri, Texas, and Minnesota, and local relationships can be a modest moat. But ROE below 10% and a Piotroski F-score of 4/9 suggest only average financial strength. Crucially, the data lacks CET1, net interest margin, efficiency ratio, nonperforming loans, charge-offs, and loan-loss reserves. Without those bank-specific measures, I cannot judge credit or underwriting risk. At 0.98 times book, the market is already pricing in some doubt. If credit holds up and profitability improves, today’s price could prove reasonable; if credit deteriorates, the apparent cheapness may be a trap.

In plain English: Associated Banc-Corp is a regional bank serving individuals and businesses in Wisconsin, Illinois, Missouri, Texas, and Minnesota. It earns steady profits, pays a modest dividend, and its shares change hands below the value of its net assets on the books. The price looks somewhat cheap compared with earnings and book value, but the figures do not reveal enough about loan quality and capital to call the business clearly strong.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer