Lumida
/ASB
⌘K
Associated Banc-Corp

Associated Banc-Corp

ASB
$30.04USD↓-0.99%-0.30 today

MARKET CAP

5.7B

P/E (TTM)

10.6x

FWD P/E

9.7x

DAY RANGE

$30 – $31

52W RANGE

$24
$32

AI Summary

Stalk
TrimMedium

ASB is in a Stage 3 structural repair context following a Bearish Pivot Point pattern, testing support at the rising 200-day SMA. EMAs have rolled over, and RSI remains neutral, so we defer selling and will trim into rallies into the converged 9/20/50 EMA resistance zone rather than initiate aggressive selling at current levels.

  • ↑Targeting 20–22% commercial & industrial loan growth in 2026
  • ↑Core customer deposits rose 6% year-over-year, boosting funding
  • ↓Weak profitability metrics despite Q1 EPS of $0.73
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The case for & against

Bull & Bear analysis

Bullish

Associated Banc-Corp (NASDAQ: ASB) is a regional bank holding company providing a wide range of financial services centered on commercial and consumer banking across the Midwest. The company is strategically focused on enhancing its growth through a combination of organic initiatives and recent acquisitions, particularly with its investment in American National. Associated Bank is well-positioned in the financial services value chain, catering to retail and commercial clients, making it an integral player in the evolving landscape of regional banking.

Bull says

  • ↑Targeting 20–22% commercial & industrial loan growth in 2026
  • ↑Core customer deposits rose 6% year-over-year, boosting funding
  • ↑Record Q1 net interest income of $370m (+20% QoQ) fuels earnings
  • ↑Approved share buybacks in Q3/Q4 reinforce capital return strategy
  • ↑Analysts raised FY26 EPS estimate to $2.94, indicating upside
  • ↑Dividend yield of 3.1% with a 33% payout ratio attracts income investors

Bear says

  • ↓Weak profitability metrics despite Q1 EPS of $0.73
  • ↓Criticized loans increased by $290m quarter-over-quarter, pressuring asset quality
  • ↓Non-interest expenses set to rise 20% in 2026, squeezing margins
  • ↓Sluggish growth factor signals slower loan momentum ahead
  • ↓Rising interest rates may compress net interest margin under deposit competition
  • ↓Integration of American National may incur extra costs and execution risk

Investment themes with ASB

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM
Regional Banks↓ -1.16%

FLG · TCBI · ZION

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-11-2026bullish

Transcript signals

Bull points

  • we maintain a high degree of confidence in loan portfolios and continue to see solid performance in Q2.
  • In fact, we continue to see resolutions with some of our more stressed credits, and liquidity remains present in the market in terms of both payoffs and loan re-margin.
  • Balances in the non-accrual category were down $22 million versus Q1 and $41 million versus the same period a year ago.

Bear points

  • Our ACLL increased by $5 million in Q2 to finish the quarter at $412 million, with increases in commercial and business lending, CRE construction, and other consumer categories partially offset by decreases in CRE investor and mortgage.
  • Total criticized loans increased slightly versus Q1 with increases in the special mention and substandard categories partially offset by a decrease in non-accrual loans.
  • Our net charge-off ratio increased by five basis points to 0.17%.
Read full transcript analysis ›