Associated Banc-Corp (ASB) vs United Bankshares (UBSI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
United Bankshares (UBSI) has outperformed Associated Banc-Corp (ASB) over the past year, gaining 22.7% versus a gain of 10.2%. Over five years, ASB leads with a +31.2% price change compared with +26.1% for UBSI. United Bankshares is the larger company by market cap ($6.18 billion vs $5.41 billion), about 1.1 times the size, while Associated Banc-Corp is growing revenue faster (+43.3% vs +19.6%).
On valuation, Associated Banc-Corp trades at a lower forward P/E (8.5x vs 11.7x for United Bankshares). United Bankshares offers the higher dividend yield (3.32% vs 3.32%). United Bankshares converts more of its revenue into profit, with a net margin of 37.5% versus 31.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ASB | UBSI |
|---|---|---|
| Share price | $28.65 | $45.42 |
| Market cap | $5.41B | $6.18B |
| 1-day change | -0.38% | -0.61% |
| YTD return | +11.65% | +19.01% |
| 1-year return | +10.19% | +22.68% |
| 5-year return | +31.20% | +26.07% |
| P/E ratio (TTM) | 9.98 | 12.38 |
| Forward P/E | 8.47 | 11.75 |
| EPS (TTM) | $2.87 | $3.67 |
| Dividend yield | 3.32% | 3.32% |
| Annual dividend | $0.95 | $1.51 |
| Revenue (latest FY) | $1.49B | $1.24B |
| Revenue growth (YoY) | +43.33% | +19.58% |
| Net income (latest FY) | $474.78M | $464.60M |
| Net margin | 31.92% | 37.55% |
| 52-week high | $32.46 | $49.62 |
| 52-week low | $23.86 | $34.10 |
| Distance from 52-week high | -11.74% | -8.46% |
| Analyst consensus | buy | none |
| Avg. price target upside | +20.07% | +10.81% |
| Average volume | 1.86M | 986.20K |
| Shares outstanding | 188.85M | 136.17M |
| Employees | 4,129 | 2,740 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- UBSI has outperformed ASB by 12.5 percentage points over the past year.
- United Bankshares is more profitable, keeping 37.5 cents of every revenue dollar as net income versus 31.9 cents for Associated Banc-Corp.
- Associated Banc-Corp grew revenue faster in its latest fiscal year (+43.33% vs +19.58%).
About Associated Banc-Corp
ASB stock →Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, Texas, and Minnesota. It offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset-based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.
Finance · Major Banks · 4,129 employees
About United Bankshares
UBSI stock →United Bankshares, Inc., through its subsidiaries, provides commercial and retail banking products and services in the United States. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.
Finance · Major Banks · 2,740 employees
ASB vs UBSI FAQ
Which is bigger, Associated Banc-Corp or United Bankshares?
United Bankshares (UBSI) is larger, with a market capitalization of $6.18B compared with $5.41B for Associated Banc-Corp (ASB).
Which stock has performed better over the past year, ASB or UBSI?
UBSI returned +22.68% over the past 12 months, compared with +10.19% for ASB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ASB or UBSI?
ASB has the lower trailing P/E at 10.0, versus 12.4 for UBSI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Associated Banc-Corp or United Bankshares?
United Bankshares has the higher yield at 3.32%, compared with 3.32% for Associated Banc-Corp.
Are Associated Banc-Corp and United Bankshares in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.