ASBA

Financial Services

Associated Banc-Corp · Banks - Regional · $4B

UQS Score — Balanced Preset
60.1
Good

Associated Banc-Corp scores 60.1/100 using the Balanced preset.

UQS vs Financial Services Sector
ASBA
60.1
Sector avg
39.7
Quality
Good
Moat
Weak
Growth
Good
Risk
Good
Valuation
Attractive

What is Associated Banc-Corp?

Associated Banc-Corp is a Midwest-focused bank holding company serving individuals and businesses across Wisconsin, Illinois, and Minnesota.

The company provides commercial lending, deposit products, cash management, mortgage solutions, and wealth management services. Revenue comes from interest income on loans and fees from banking and financial services delivered through its three operating segments.

Is ASBA a Good Stock to Buy?

UQS Score rates ASBA as Good overall, with Attractive valuation and Good marks on both Quality and Growth.

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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

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Pro Analysis

ASBA — Score History

40455055606570Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 25 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 21, 202659.772.924.068.360.385.2-0.1
May 20, 202659.872.924.068.360.386.20.0
May 19, 202659.872.924.068.360.385.90.0
May 17, 202659.872.924.068.360.385.6-0.1
May 16, 202659.972.924.068.360.386.3+0.2
May 14, 202659.772.924.068.360.385.5+0.1
May 11, 202659.672.924.068.360.384.7+1.3
May 10, 202658.372.924.068.360.376.0-1.3
May 8, 202659.672.924.068.460.384.6-0.2
May 6, 202659.872.924.069.260.384.9-0.1

ASBA — Pillar Breakdown

Quality

72.9/100 (25%)

Associated Banc-Corp shows solid profitability with healthy returns on capital and reasonable margins.

Return on EquityModerate

Profitability relative to shareholders' equity.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

68.3/100 (20%)

Associated Banc-Corp demonstrates healthy growth trends across revenue and earnings.

Recent Revenue TrendStrong

Revenue trajectory over the last twelve months.

3Y Revenue CAGRModerate

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Risk

60.3/100 (15%)

Associated Banc-Corp maintains a reasonable risk profile with manageable debt levels.

Debt/EquityModerate

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

87.8/100 (15%)

Associated Banc-Corp appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

EV/EBITDA vs SectorModerate

Enterprise value multiple relative to sector median.

Moat

24/100 (25%)

Associated Banc-Corp operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ASBA.

Score Composition

Quality
72.9×25%18.2
Growth
68.3×20%13.7
Risk
60.3×15%9.0
Valuation
87.8×15%13.2
Moat
24.0×25%6.0
Total
60.1Good

Financial Data

More Stock Analysis

How is the ASBA UQS Score Calculated?

The UQS (Unified Quality Score) for Associated Banc-Corp is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Associated Banc-Corp's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Associated Banc-Corp is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.