Associated Banc-Corp

Chart & Performance

D1W1MN

Profile

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.

URL

https://www.associatedbank.com/

IPO date

Mar 17, 1980

Employees

4,223

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,097,347 -8.33%	1,197,097 5.93%	1,130,044 0.83%
Cost of revenue	(296,873)	502,276	465,986
Unusual Expense (Income)
NOPBT	1,394,220	694,821	664,058
NOPBT Margin	127.05%	58.04%	58.76%
Operating Taxes	23,097	93,508	85,313
Tax Rate	1.66%	13.46%	12.85%
NOPAT	1,371,123	601,313	578,745
Net income	182,956 -50.03%	366,122 4.31%	350,994 14.42%
Dividends	(141,034)	(134,637)	(133,172)
Dividend yield	4.37%	3.87%	3.88%
Proceeds from repurchase of equity	(2,296)	4,581	(271,711)
BB yield	0.07%	-0.13%	7.91%
Debt
Debt current	740,000	20,798	284,054
Long-term debt	1,741,846	4,568,401	1,621,210
Deferred revenue	1,570,254	(154,191)	1,477,503
Other long-term liabilities	(1,741,463)	(4,547,134)	(1,621,047)
Net debt	(9,364,200)	(2,852,165)	(10,335,313)
Cash flow
Cash from operating activities	442,740	846,566	529,551
CAPEX	(61,813)	(62,711)	(52,281)
Cash from investing activities	(1,436,257)	(5,254,811)	(1,584,186)
Cash from financing activities	1,295,885	4,004,185	1,364,102
FCF	630,729	808,915	946,978
Balance
Cash	4,085,276	436,952	5,357,530
Long term investments	7,760,770	7,004,412	6,883,047
Excess cash	11,791,179	7,381,509	12,184,075
Stockholders' equity	2,971,573	2,827,947	2,857,231
Invested Capital	38,613,073	36,444,387	32,387,532
ROIC	3.65%	1.75%	1.82%
ROCE	3.34%	1.76%	1.88%
EV
Common stock shares outstanding	150,860	150,496	151,987
Price	21.39 -7.36%	23.09 2.21%	22.59 32.49%
Market cap	3,226,895 -7.14%	3,474,953 1.21%	3,433,386 31.07%
EV	(5,943,193)	816,900	(6,708,732)
EBITDA	1,488,528	748,720	738,846
EV/EBITDA		1.09
Interest	918,479	187,931	72,334
Interest/NOPBT	65.88%	27.05%	10.89%