Financials Associated Banc-Corp

Equities

ASB

US0454871056

Banks

Market Closed - Nyse Other stock markets 04:00:02 2025-02-13 pm EST			5-day change	1st Jan Change
25.02 ^USD	+1.21%		-2.38%	+4.69%

Feb. 12	Certain Common Stock of Associated Banc-Corp are subject to a Lock-Up Agreement Ending on 13-FEB-2025.	CI
Jan. 24	RBC Raises Price Target on Associated Banc-Corp to $27 From $26, Keeps Sector Perform Rating	MT

Projected Income Statement: Associated Banc-Corp

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,277	1,058	1,259	1,103	1,038	1,456	1,542
Change	-	-17.13%	18.95%	-12.39%	-5.89%	40.34%	5.87%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	393	348	493	289	219	621.9	680
Change	-	-11.45%	41.67%	-41.38%	-24.22%	183.97%	9.35%
Interest Paid	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	327	436.3	459.6	206.1	134.5	526.2	597.1
Change	-	33.44%	5.35%	-55.17%	-34.75%	291.33%	13.48%
Net income ¹	288	333.9	354.6	171.5	111.6	406.9	455.1
Change	-	15.93%	6.21%	-51.65%	-34.88%	264.44%	11.85%
Announcement Date	1/21/21	1/20/22	1/26/23	1/25/24	1/23/25	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	301	444	258	273.7	271.2	257.1	269.9	268.3	262.2	296.3	340.1	355.6	336.1	328.3	320.8	122.4	322.8	321.8	329.7	63.52	347.4	360.7	370.9	377.5	375.8	383.4	391.9	396.4
Change	-	47.51%	-41.89%	6.09%	-0.9%	-5.23%	5%	-0.61%	-2.26%	13.01%	14.76%	4.56%	-5.48%	-2.33%	-2.26%	-61.85%	163.78%	-0.34%	2.48%	-80.74%	446.98%	3.81%	2.84%	1.76%	-0.42%	2%	2.22%	1.14%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	109	261	90	94	96	78	88	86	88.92	110	139	154	149	133	125	-117	125	126	129.1	-161	139	153	163.2	167	161.5	168.5	175	175.1
Change	-	139.45%	-65.52%	4.44%	2.13%	-18.75%	12.82%	-2.27%	3.4%	23.7%	26.36%	10.79%	-3.25%	-10.74%	-6.02%	-	-	0.8%	2.49%	-	-	10.08%	6.72%	2.31%	-3.29%	4.32%	3.89%	0.04%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	56.06	200	-12.9	83.86	118.9	113.5	111.9	92.05	92.91	110.2	122.4	134.1	130.7	110.7	102.7	-138	101.2	102.9	108.1	-177.8	119.1	126.4	138.9	141.8	140	146.9	157.1	153.6
Change	-	256.79%	-	-	41.79%	-4.55%	-1.42%	-17.72%	0.94%	18.59%	11.12%	9.52%	-2.53%	-15.31%	-7.24%	-	-	1.68%	5.11%	-	-	6.19%	9.83%	2.12%	-1.28%	4.93%	6.94%	-2.26%
Net income ¹	42	145	40	62	89.09	86.13	84.66	74	71.39	83.95	93.4	105.9	100.5	84.28	80.37	-93.68	78.29	112.7	85.14	-164.5	91.9	98.82	106.9	109.3	106.2	110.8	116.9	116
Change	-	245.24%	-72.41%	55%	43.7%	-3.33%	-1.71%	-12.58%	-3.53%	17.6%	11.26%	13.37%	-5.1%	-16.13%	-4.63%	-	-	43.94%	-24.45%	-	-	7.53%	8.15%	2.24%	-2.85%	4.36%	5.55%	-0.81%
Announcement Date	4/23/20	7/23/20	10/22/20	1/21/21	4/22/21	7/22/21	10/21/21	1/20/22	4/21/22	7/21/22	10/20/22	1/26/23	4/20/23	7/20/23	10/19/23	1/25/24	4/25/24	7/25/24	10/24/24	1/23/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Associated Banc-Corp

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	1/21/21	1/20/22	1/26/23	1/25/24	1/23/25	-	-

Estimates

Cash Flow Forecast: Associated Banc-Corp

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	67.46	54.68	52.28	62.71	61.81	44.99
Change	-	-18.94%	-4.39%	19.95%	-1.43%	-27.22%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	2/11/20	2/9/21	2/8/22	2/13/23	2/8/24	2/12/25

¹USD in Million

Estimates

Forecast Financial Ratios: Associated Banc-Corp

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	30.77%	32.89%	39.17%	26.21%	21.1%	42.7%	44.1%
EBT Margin (%)	-	25.6%	41.23%	36.51%	18.69%	12.96%	36.13%	38.72%
Net margin (%)	-	22.55%	31.55%	28.17%	15.55%	10.76%	27.94%	29.51%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.9%	1.02%	1%	0.45%	0.3%	0.95%	1.02%
ROE	-	7.78%	8.6%	9.21%	4.45%	2.86%	8.82%	9.22%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.72	0.76	0.81	0.85	0.89	0.9233	0.93
Change	-	-	5.56%	6.58%	4.94%	4.71%	3.74%	0.72%
Book Value Per Share ¹	-	24.34	25.66	25.4	26.35	26.55	28.08	29.88
Change	-	-	5.42%	-1.01%	3.74%	0.76%	5.75%	6.43%
EPS ¹	-	1.86	2.18	2.34	1.13	0.72	2.442	2.714
Change	-	-	17.2%	7.34%	-51.71%	-36.28%	239.24%	11.13%
Nbr of stocks (in thousands)	-	151,205	147,418	147,693	148,613	162,717	163,936	163,936
Announcement Date	-	1/21/21	1/20/22	1/26/23	1/25/24	1/23/25	-	-