FS KKR Capital vs Associated Bank

FS KKR Capital and Associated Bank: this page compares their business models, financial performance, and market context in a clear, neutral way. It explains how each company structures its activities, generates revenue, and operates within current market dynamics. Educational content, not financial advice.

FS KKR Capital and Associated Bank: this page compares their business models, financial performance, and market context in a clear, neutral way. It explains how each company structures its activities,...

Comparison Snapshot

Key Financial Metrics

FSK

Metric

ASB

$4.02B

Market Cap

$4.34B

21.89%

Potential Profit

5.89%

Hold

Analyst Rating

Hold

Investment Analysis

FS KKR Capital

FSK

Pros

FS KKR Capital reported stable earnings per share of $0.57 in Q3 2025, meeting analyst expectations and supporting investor confidence.
The company's portfolio is valued at $13.4 billion, with a focus on senior secured debt offering a weighted average yield of 10.5%.
FS KKR Capital maintained a resilient portfolio with no new non-accrual investments and a net asset value increase to $21.99 per share.

Considerations

Revenue for Q3 2025 slightly missed forecasts, falling short by $1.42 million compared to analyst expectations.
Net investment income declined from $0.62 per share in Q2 2025 to $0.57 per share in Q3 2025, indicating some pressure on earnings.
The company's dividend yield is high at 18.05%, which may raise concerns about sustainability if underlying earnings do not improve.

Associated Bank

ASB

Pros

Associated Banc-Corp maintains a diversified banking business model with a presence across multiple Midwest states.
The bank has demonstrated stable liquidity and a solid balance sheet, supporting its ability to withstand economic fluctuations.
Recent trading volumes and price stability suggest moderate investor confidence in the bank's current operations.

Considerations

Associated Banc-Corp's share price has shown limited growth, with a recent decline and a narrow trading range over the past year.
The bank faces ongoing margin pressure from low interest rates and competitive lending conditions in its regional markets.
Earnings growth has been modest, with limited catalysts for significant near-term improvement in profitability.

About The Companies

FS KKR Capital (FSK)

FS KKR Capital Corp (FSK) is a US-listed business development company (BDC) that primarily invests in middle‑market credit and private credit strategies, including senior secured loans, mezzanine debt and structured credit. Sponsored by FS Investments in partnership with KKR’s credit platform, FSK aims to generate income through interest payments and credit spreads while seeking capital preservation through secured lending and active portfolio management. The company uses leverage, which can boost returns in favourable markets but increases losses during downturns. FSK is typically of interest to income‑seeking investors comfortable with higher risk, credit exposure and NAV (net asset value) volatility. Key considerations include the credit cycle, interest-rate moves, manager experience and dividend sustainability. Market cap is approximately $4.23 billion. This summary is educational and not personal advice; values can fall as well as rise and past performance is not a guide to the future.

Associated Bank (ASB)

Associated Banc-Corp is a US-based bank holding company offering a wide spectrum of financial products and services. Operating through its main subsidiary, Associated Bank, it serves individuals and businesses across more than 100 communities in Wisconsin, Illinois, Minnesota, and Missouri. The company's operations are categorised into key segments. Its Corporate and Commercial Specialty division caters to larger businesses and municipalities with lending and deposit solutions. The Community, Consumer, and Business arm provides everyday banking, lending, and investment services to individuals and smaller enterprises. With a substantial regional presence and a diverse service portfolio, Associated Banc-Corp represents a significant player in the Midwestern financial landscape. As with any bank, its performance can be influenced by economic conditions and interest rate changes. Remember, past performance is not an indicator of future results.

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The Federal Reserve has decided to maintain its current interest rate, signaling a period of caution amidst economic uncertainty and political pressure. This environment favors investment in financially resilient companies that are not heavily reliant on borrowing and can navigate a stable but uncertain rate landscape.

Published: July 31, 2025

Explore Basket

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Comparison Snapshot