NYSE: ASB · Regional Banks
Associated Banc-Corp (ASB) fair value: undervalued or overvalued?
As of 2 Oct 2026, Faircurve's model values Associated Banc-Corp (ASB) at $29.45 a share. The stock last closed at $29.00, which puts the model's fair value 1.6% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. Associated Banc-Corp.
Faircurve Insights · 2 Oct 2026
Associated Banc-Corp is a bank holding company that provides banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, and Minnesota.
On 2 Oct 2026, Faircurve's model found a fair value of $29.45 a share, the midpoint of 2,000 simulations. The previous run on 26 Sep 2026 gave $30.30, so the fair value moved -2.8%. The calibrated range over 63 trading days is $24.71 to $35.91, built from the fair value as there is no live options data. This range held the price 60% of the time at this horizon, and the evidence grade for Associated Banc-Corp is High.
The business quality scores against comparable companies such as Ameris Bancorp (ABCB), Atlantic Union Bankshares Corporation (AUB), and Glacier Bancorp, Inc. (GBCI). Around its last 8 earnings reports, the stock moved +0.4% on 23 Jul 2026 and -1.8% on 23 Apr 2026. The median size of these moves, ignoring direction, was 1.7%.
Written from the figures on this page for the 2 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give ASB?
The calibrated range for ASB over 63 trading days is $24.71 to $35.91. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $22.86 to $37.24. In 54% of the simulations the fair value came out above the price the model ran on.
How does ASB compare with similar companies?
The companies in regional banks closest to Associated Banc-Corp in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| ABCB Ameris Bancorp | $81.44 | $64.32 | -21.0% | Overvalued |
| AUB Atlantic Union Bankshares Corporation | $38.82 | $33.98 | -12.5% | Fairly valued |
| GBCI Glacier Bancorp, Inc. | $43.91 | $27.82 | -36.6% | Overvalued |
| HOMB Home Bancshares, Inc. | $28.67 | $23.72 | -17.3% | Overvalued |
| FLG Flagstar Financial, Inc. | $11.70 | $5.92 | -49.4% | Low evidence grade |
| HWC Hancock Whitney Corporation | $73.09 | $64.19 | -12.2% | Fairly valued |
| OZK Bank OZK | $46.71 | $75.52 | +61.7% | Gap wider than 60% |
| AX Axos Financial, Inc. | $88.93 | $117.54 | +32.2% | Undervalued |
When does ASB report earnings, and how has the stock reacted?
Associated Banc-Corp's next earnings report is scheduled for 22 Oct 2026. Companies can move their dates.
How ASB moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 1.7%.
| Report date | Two session move |
|---|---|
| 23 Jul 2026 | +0.4% |
| 23 Apr 2026 | -1.8% |
| 22 Jan 2026 | -3.2% |
| 23 Oct 2025 | +1.5% |
| 24 Jul 2025 | -1.2% |
| 24 Apr 2025 | +15.3% |
| 23 Jan 2025 | -1.6% |
| 24 Oct 2024 | +2.0% |
Associated Banc-Corp at a glance
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, and Minnesota.
- Market value
- $5.5B
- Sector
- Financial Services
- Industry
- Regional Banks
- Consensus revenue growth, next fiscal year
- -28.0%
- Analysts with estimates
- 8
- Beta to the US market
- 0.80
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Associated Banc-Corp on the share price against the net assets on the balance sheet, adjusted for the earnings analysts expect (price to book value), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for ASB was $30.30. As of 2 Oct 2026 it is $29.45, a change of -2.8%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Associated Banc-Corp's valuation
Is Associated Banc-Corp stock undervalued or overvalued?
On Faircurve's model, ASB reads as Fairly valued as of 2 Oct 2026. The model's fair value is $29.45 a share against a last close of $29.00, a gap of +1.6%.
What is ASB's fair value?
$29.45 a share as of 2 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $22.86 to $37.24.
What price range does the model give ASB?
$24.71 to $35.91 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Associated Banc-Corp report earnings next?
The next report is scheduled for 22 Oct 2026. Companies can move their dates.
How much has ASB moved on past earnings reports?
Across its last 8 reports the median two session move was 1.7%, ignoring direction. The largest was +15.3% around the report of 24 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for ASB is high. For banks, insurers and mortgage real estate investment trusts (REITs) the grade looks at how many comparable companies there are and how closely they agree, how wide the range of outcomes is, and whether the model's valuation methods agree with each other. It is not a probability that the fair value is right, or that the price reaches it.