Associated Banc-Corp (ASB): Price and Financial Metrics

ASB POWR Grades

• ASB scores best on the Momentum dimension, with a Momentum rank ahead of 89.62% of US stocks.
• ASB's strongest trending metric is Growth; it's been moving down over the last 179 days.
• ASB ranks lowest in Growth; there it ranks in the 14th percentile.

ASB Stock Summary

• ASB's went public 36.27 years ago, making it older than 92.84% of listed US stocks we're tracking.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 9.08 for Associated Banc-Corp; that's greater than it is for 89.44% of US stocks.
• Associated Banc-Corp's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 12.3%, greater than the shareholder yield of 86.61% of stocks in our set.
• Stocks with similar financial metrics, market capitalization, and price volatility to Associated Banc-Corp are FNB, TRST, FCF, PBHC, and WSBF.
• Visit ASB's SEC page to see the company's official filings. To visit the company's web site, go to www.associatedbank.com.

ASB Valuation Summary

• ASB's price/sales ratio is 3; this is 150% higher than that of the median Financial Services stock.
• ASB's price/earnings ratio has moved down 1.8 over the prior 243 months.
• ASB's price/sales ratio has moved down 1.1 over the prior 243 months.

Below are key valuation metrics over time for ASB.

ASB Growth Metrics

Its 3 year price growth rate is now at 24.67%.
• The 4 year revenue growth rate now stands at 19.71%.
• Its 2 year cash and equivalents growth rate is now at 56.8%.

Over the past 34 months, ASB's revenue has gone down $89,416,000.

The table below shows ASB's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2021-12-31	1,146.23	529.551	333.883
2021-09-30	1,128.682	491.101	321.675
2021-06-30	1,053.607	494.102	277.027
2021-03-31	1,149.007	727.871	335.469
2020-12-31	1,103.006	550.02	288.413
2020-09-30	1,139.371	527.334	294.919

ASB's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• ASB has a Quality Grade of C, ranking ahead of 35.08% of graded US stocks.
• ASB's asset turnover comes in at 0.033 -- ranking 322nd of 428 Banking stocks.
• NWFL, FBNC, and FXNC are the stocks whose asset turnover ratios are most correlated with ASB.

The table below shows ASB's key quality metrics over time.