NYSE · Financial · Banks - Regional · USA
Associated Banc-Corp is a mid cap company (market value between $2 billion and $10 billion) in the Banks - Regional industry.
Associated Banc-Corp is a bank holding company operating a national commercial bank and trust company across the upper Midwest. The company provides banking and financial products to individuals and businesses through branches in Wisconsin, Illinois, Minnesota, and Missouri, organized into three business divisions serving corporate, community, and consumer markets.
From its FY2025 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the Associated Banc-Corp stock.
Slightly undervalued: intrinsic value $32.25 per share, market price $29.09, margin of safety 9.8% (as of 2026-10-20).
Book value at 1.05x, the multiple a 9.7% return on equity justifies, blended with earnings, values the shares at $32.25; the price of $29.09 is 10% below that value.
Leak Score: 38/100 on 11 of 12 signals (On Watch).
17 more funds hold it; the full list is part of the paid plan.
All 323 Banks - Regional stocks
89 more in this industry show a wider margin of safety.
ASB is slightly undervalued (as of the 2026-10-20 close). Book value at 1.05x, the multiple a 9.7% return on equity justifies, blended with earnings, values the shares at $32.25; the price of $29.09 is 10% below that value.
$32.25 per share (as of the 2026-10-20 close), against a market price of $29.09. That is a margin of safety of 9.8%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
38 out of 100, which we rate "On Watch", on 11 of 12 value investing signals.