US · ASB
Associated Banc-Corp
- Sector
- Financial Services · Banks - Regional
- Headquarters
- Green Bay, WI 54301
- Website
- associatedbank.com
Price · as of 2025-12-31
$28.18
Market cap 4.38B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $29.40 | +4.33% |
| Intrinsic Value(DCF) | $2,650.49 | +9,305.57% |
| Graham-Dodd Method(GD) | $22.63 | -19.71% |
| Graham Formula(GF) | $69.60 | +146.99% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $8.73 | $125.38 | $10.14 | $13.37 | $0.00 |
| 2012 | $9.87 | $19.24 | $23.32 | $12.94 | $10.04 |
| 2013 | $11.89 | $27.95 | $17.06 | $12.10 | $8.18 |
| 2014 | $13.22 | $26.69 | $16.79 | $11.88 | $10.54 |
| 2015 | $13.42 | $28.55 | $18.96 | $12.50 | $16.76 |
| 2016 | $18.28 | $30.15 | $19.93 | $13.24 | $18.16 |
| 2017 | $19.76 | $41.48 | $20.09 | $14.06 | $21.07 |
| 2018 | $17.27 | $32.68 | $20.77 | $15.15 | $61.96 |
| 2019 | $12.40 | $27.94 | $22.02 | $15.42 | $22.00 |
| 2020 | $19.20 | $32.66 | $24.28 | $16.73 | $0.00 |
| 2021 | $19.94 | $25.89 | $25.38 | $17.76 | $0.00 |
| 2022 | $18.22 | $30.50 | $25.62 | $18.25 | $82.88 |
| 2023 | $19.79 | $39.15 | $25.20 | $12.46 | $58.70 |
| 2024 | $21.82 | $22.89 | $27.62 | $12.21 | $10.00 |
| 2025 | $26.58 | $29.40 | $93.19 | $22.63 | $69.60 |
AI valuation
Our deep-learning model estimates Associated Banc-Corp's (ASB) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $29.40
- Current price
- $28.18
- AI upside
- +4.33%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$2,650.49
+9,305.57% upside
Graham-Dodd
$22.63
-19.71% upside
Graham Formula
$69.60
+146.99% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| ASB | Associated Banc-Corp | $28.18 | 4.38B | +4% | +9,306% | -20% | +147% | 9.29 | 0.88 | 1.78 | 4.47 | 3.26 | 1.14 | 58.29% | 23.50% | 19.31% | 9.86% | 17.69% | 1.07% | 0.84 | 0.59 | 0.30 | 0.30 | 6.22 | 28472.00% | 1683.00% | 924.00% | 13.33% | 0.03 | 21.79% | 3.81% | 35.40% | 4.47% | 4.47 | 4.42 | 1.05 | -0.12 |
| AVAL | Grupo Aval Acciones y Val… | $4.09 | 4.88B | +41% | -38% | -51% | -76% | 12.99 | 0.76 | 0.36 | 9.19 | 34.61 | -7.15 | 30.57% | 8.49% | 2.75% | 5.93% | 5.31% | 0.32% | 4.09 | 0.15 | 0.37 | 0.37 | 12.65 | 3753.00% | -380.00% | 4760.00% | -111.53% | -0.07 | -35.60% | 5.52% | 71.70% | 5.94% | 12.92 | -2.76 | 1.10 | -0.27 |
| BANF | BancFirst Corporation | $110.00 | 3.69B | +2% | +25% | +97% | — | 15.70 | 0.63 | 4.58 | -1.64 | 148.67 | 0.63 | 82.91% | 36.80% | 29.19% | 6.28% | -107.56% | 1.70% | 0.00 | 0.98 | 324.49 | 324.49 | -13.23 | 1056.00% | -929.00% | 2705.00% | 7.55% | 21.41 | -128.26% | 0.00% | 0.00% | 22.33% | -1.76 | -1.87 | -0.65 | 0.74 |
| CADE | Cadence Bank | $42.11 | 7.85B | -28% | +264% | -49% | +166% | 10.26 | 0.96 | 1.85 | -4.12 | — | 1.30 | 59.29% | 23.29% | 18.03% | 9.75% | -16.97% | 1.09% | 0.01 | 0.61 | 0.22 | 0.22 | -1.93 | -514.00% | 3237.00% | 6693.00% | 14.45% | 0.02 | -25.17% | 3.58% | 36.70% | 38.75% | -5.35 | -4.66 | -1.25 | -0.53 |
| FFIN | First Financial Bankshare… | $30.93 | 4.43B | +97% | -7% | -71% | +11% | 17.42 | 2.30 | 5.35 | 10.51 | 129.41 | 2.75 | 71.82% | 37.49% | 30.71% | 14.39% | 31.46% | 1.72% | 0.01 | 1.54 | 0.68 | 0.67 | -3.30 | 1346.00% | 1171.00% | -236.00% | 6.47% | 0.02 | 35.48% | 2.40% | 41.80% | 13.49% | 10.86 | 11.75 | 4.07 | 0.11 |
| IBOC | International Bancshares … | $67.11 | 4.17B | -11% | -6% | -11% | — | 10.33 | 1.31 | 5.15 | 187.50 | 1357.27 | 1.43 | 100.00% | 70.03% | 49.85% | 13.63% | 61.94% | 2.55% | 0.04 | 2.71 | — | — | -17.87 | 76.00% | -2069.00% | 286.00% | 11.11% | — | 63.84% | 2.04% | 21.10% | 19.04% | 7.56 | 9.26 | 5.29 | 0.67 |
| IFS | Intercorp Financial Servi… | $48.38 | 5.37B | -25% | -31% | -18% | +19% | 10.30 | 1.52 | 2.03 | 7.08 | 23.78 | 1.75 | 65.27% | 25.24% | 19.72% | 15.66% | 153.46% | 1.87% | 1.03 | 1.09 | 2.07 | 2.07 | 0.29 | 4332.00% | 431.00% | -26255.00% | 16.30% | 0.53 | 256.55% | 2.11% | 21.70% | 3.43% | 8.34 | 6.36 | 2.11 | 0.41 |
| SFBS | ServisFirst Bancshares, I… | $81.01 | 4.43B | -59% | +23% | -27% | -24% | 16.12 | 2.41 | 4.38 | 14.03 | 74.51 | 2.43 | 51.79% | 33.62% | 27.18% | 15.96% | 18.15% | 1.58% | 0.81 | 0.75 | 0.28 | 0.28 | 4.12 | 2163.00% | 413.00% | 4307.00% | 7.97% | 0.09 | 23.30% | 0.00% | 0.00% | 0.00% | 14.03 | 13.52 | 4.72 | 0.21 |
| TCBI | Texas Capital Bancshares,… | $95.30 | 4.35B | -29% | +12% | +17% | +63% | 13.14 | 1.20 | 2.17 | -2.77 | 3.05 | 1.20 | 60.62% | 22.20% | 16.52% | 9.44% | -136.18% | 1.06% | 0.26 | 0.60 | 0.16 | 0.28 | -1.97 | 43125.00% | 1354.00% | -1650.00% | 8.01% | 0.01 | -139.78% | 0.40% | 5.20% | 4.68% | -3.00 | -3.83 | -0.67 | -0.52 |
| UCB | United Community Banks, I… | $32.17 | 3.85B | +4% | -2% | -37% | -1% | 12.06 | 1.09 | 2.57 | 0.45 | 42.40 | 1.48 | 66.00% | 27.48% | 21.35% | 9.28% | -55.41% | 1.18% | 0.06 | 0.89 | 0.17 | 0.17 | 0.01 | 2843.00% | 382.00% | 3470.00% | 10.31% | 0.02 | -68.86% | 3.12% | 37.60% | 6.55% | 0.49 | 0.51 | 0.14 | -0.60 |
| WBS | Webster Financial Corpora… | $72.13 | 11.63B | -51% | -9% | -37% | +22% | 11.41 | 1.21 | 2.59 | -2.06 | 32.38 | 1.82 | 60.80% | 28.49% | 22.67% | 10.77% | 34.14% | 1.23% | 0.45 | 0.83 | 0.41 | 0.41 | 3.13 | 3524.00% | 613.00% | -3839.00% | 7.37% | 0.02 | 28.70% | 2.33% | 26.60% | 7.52% | -2.06 | -3.07 | -0.59 | -0.18 |
About Associated Banc-Corp
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Its Corporate and Commercial Specialty segment offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications; deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; specialized financial services such as interest rate risk management, foreign exchange solutions, and commodity hedging; fiduciary services such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management; and investable funds solutions such as savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, full-service, discount and online investment brokerage; investment advisory services; and trust and investment management accounts. The company's Community, Consumer, and Business segment offers lending solutions, such as residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, business loans, and business lines of credit; and deposit and transactional solutions such as checking, credit, debit and pre-paid cards, online banking and bill pay; and money transfer services. As of December 31, 2021, the company operated 215 banking branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.
- CEO
- Andrew John Harmening
- Employees
- 4.01K
- Beta
- 0.79
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($2,650.49 ÷ $28.18) − 1 = +9,305.57% (DCF, example).