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

ASB POWR Grades

• ASB scores best on the Momentum dimension, with a Momentum rank ahead of 95.04% of US stocks.
• The strongest trend for ASB is in Growth, which has been heading up over the past 179 days.
• ASB ranks lowest in Quality; there it ranks in the 26th percentile.

ASB Stock Summary

• ASSOCIATED BANC-CORP's stock had its IPO on January 1, 1986, making it an older stock than 93.43% of US equities in our set.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 9.62 for ASSOCIATED BANC-CORP; that's greater than it is for 89.95% of US stocks.
• Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for ASB comes in at -55.58% -- higher than that of merely 9.25% of stocks in our set.
• Stocks with similar financial metrics, market capitalization, and price volatility to ASSOCIATED BANC-CORP are SMBC, BRKL, FSFG, CTBI, and FRME.
• 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 EV/EBIT ratio is 17.9; this is 57.02% higher than that of the median Financial Services stock.
• ASB's price/sales ratio has moved down 0.6 over the prior 243 months.

Below are key valuation metrics over time for ASB.

ASB Growth Metrics

Its 4 year cash and equivalents growth rate is now at 5.76%.
• The 3 year net cashflow from operations growth rate now stands at 40.47%.
• Its 3 year net income to common stockholders growth rate is now at -6.61%.

ASB's revenue has moved down $7,725,000 over the prior 52 months.

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
2022-09-30	1,150.296	887.74	322.739
2022-06-30	1,121.829	788.388	313.994
2022-03-31	1,118.185	617.902	316.176
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

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.