What is Associated Banc-Corp's earnings per share (EPS)?

Associated Banc-Corp (ASB) reported diluted earnings per share of $2.77 for fiscal year 2025. This represents a 284.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Associated Banc-Corp (ASB) Financials

ASB

Trailing 12 months to June 30, 2026

Revenue $1.6B +45.6% YoY

Net Income $505.1M +262.5% YoY

EPS (Diluted) $2.87 +310.0% YoY

Operating Cash Flow $719.0M +30.3% YoY

Market Cap $5.5B as of Oct 7, 2026

Price / Sales 3.4x on $1.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings 10.8x on $505.1M net income, trailing 12 months to June 30, 2026

Price / Book 1.0x on $5.6B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ASB SEC filings page.

Associated Banc-Corp (ASB) reported $1.6B in revenue over the twelve months to Jun 30, 2026, up 45.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ASB FY2025 2026-10-04

2025's earnings rebound came with stronger cash generation, while the balance sheet expanded without a corresponding rise in reported debt.

The rebound was more than an accounting margin change: operating cash flow of $616M exceeded net income of $475M, showing earnings translated into cash. Across FY2024 to FY2025, return on assets improved as debt-to-equity declined, indicating the stronger return was not primarily purchased with additional reported leverage.

Net margin rose from 11.9% to 31.9% between FY2024 and FY2025. That margin step-up, alongside only modest asset growth, indicates earnings recovery—not simple balance-sheet expansion—drove the improvement.

Total assets reached $45.2B and liabilities $40.2B in FY2025, leaving the balance sheet funded predominantly by liabilities rather than equity. Yet equity rose to $4.98B while reported debt-to-equity fell to 0.1x, so stronger results coincided with greater equity support relative to reported debt.

Financial Health Signals

Financial Health Score 48/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Associated Banc-Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Associated Banc-Corp earned a return on assets of 1.1% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.3% the prior year. Earnings ranks banks on that return over three years, and Associated Banc-Corp scores 35/100 among other banks.

Growth

Associated Banc-Corp reported revenue of $1.5B in fiscal year 2025, against $1.0B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Associated Banc-Corp scores 74/100 among other banks.

Capital

Associated Banc-Corp funded 11.0% of its assets with shareholders' equity at the end of fiscal year 2025, holding $5.0B of equity against $45.2B of assets. Capital ranks banks on that cushion, and Associated Banc-Corp scores 45/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Associated Banc-Corp scores 38/100 on it among other banks.

Credit Quality

Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Associated Banc-Corp scores 58/100 on it among other banks.

Stability

Associated Banc-Corp reported net income of $474.8M in fiscal year 2025, against $123.1M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Associated Banc-Corp scores 36/100 among other banks.

Piotroski F-Score Partial

7/7

Associated Banc-Corp passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.30x

For every $1 of reported earnings, Associated Banc-Corp generates $1.30 in operating cash flow ($615.7M OCF vs $474.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$450.4M

YoY+22.7%

QoQ+17.6%

5Y CAGR+12.2%

10Y CAGR+5.7%

Associated Banc-Corp generated $450.4M in revenue in Q2 2026. This represents an increase of 22.7% from the same quarter a year earlier. Against the prior quarter it is up 17.6%.

Net Income

$123.6M

YoY+11.1%

QoQ+3.3%

5Y CAGR+6.3%

10Y CAGR+9.7%

Associated Banc-Corp reported $123.6M in net income in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 3.3%.

EPS (Diluted)

$0.63

YoY-3.1%

QoQ-10.0%

5Y CAGR+2.4%

10Y CAGR+7.3%

Associated Banc-Corp earned $0.63 per diluted share (EPS) in Q2 2026. This represents a decrease of 3.1% from the same quarter a year earlier. Against the prior quarter it is down 10.0%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$1.8B

YoY+45.3%

QoQ+32.1%

5Y CAGR+0.7%

10Y CAGR+14.4%

Associated Banc-Corp held $1.8B in cash against $591.1M in long-term debt as of Q2 2026.

Dividends Per Share

$0.24

YoY+4.3%

QoQ0.0%

Associated Banc-Corp paid $0.24 per share in dividends in Q2 2026. This represents an increase of 4.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

189M

YoY+13.9%

QoQ+13.8%

5Y CAGR+4.3%

10Y CAGR+2.3%

Associated Banc-Corp had 189M shares outstanding in Q2 2026. This represents an increase of 13.9% from the same quarter a year earlier. Against the prior quarter it is up 13.8%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

27.4%

YoY-2.9pp

QoQ-3.8pp

5Y change-8.6pp

10Y change+8.5pp

Associated Banc-Corp's net profit margin was 27.4% in Q2 2026, showing the share of revenue converted to profit. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.8 percentage points.

Return on Equity

2.2%

YoY-0.1pp

QoQ-0.2pp

5Y change0.0pp

10Y change+0.6pp

Associated Banc-Corp's ROE was 2.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

ASB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ASB quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.6B	$1.5B+43.3%	$1.0B-5.9%	$1.1B-11.0%	$1.2B+17.1%	$1.1B-17.1%	$1.3B+5.0%	$1.2B-1.5%	$1.2B+15.0%	$1.1B+1.3%	$1.1B+5.4%	$1.0B+3.5%	$971.8M+1.4%	$958.6M+2.1%	$939.3M+6.0%	$886.0M
SG&A Expenses	$567.2M	$521.7M+6.9%	$488.0M+4.2%	$468.4M+3.1%	$454.1M+6.4%	$426.7M-1.3%	$432.2M-11.3%	$487.1M+0.9%	$482.7M+12.5%	$429.0M+1.0%	$424.7M+4.9%	$404.7M+3.7%	$390.4M-1.7%	$397.0M+4.1%	$381.4M+5.9%	$360.1M
Interest Expense	$959.8M	$971.6M-9.7%	$1.1B+17.1%	$918.5M+388.7%	$187.9M+159.8%	$72.3M-51.7%	$149.9M-55.5%	$336.9M+22.7%	$274.6M+88.8%	$145.4M+72.5%	$84.3M+8.9%	$77.4M+38.7%	$55.8M-12.1%	$63.4M-31.3%	$92.3M-28.3%	$128.8M
Income Tax	$124.2M	$103.1M+811.6%	$11.3M-51.0%	$23.1M-75.3%	$93.5M+9.6%	$85.3M+322.3%	$20.2M-74.7%	$79.7M-0.1%	$79.8M-27.1%	$109.5M+25.4%	$87.3M+7.2%	$81.5M-4.7%	$85.5M+8.0%	$79.2M+4.9%	$75.5M+72.6%	$43.7M
Net Income	$505.1M	$474.8M+285.5%	$123.1M-32.7%	$183.0M-50.0%	$366.1M+4.3%	$351.0M+14.4%	$306.8M-6.1%	$326.8M-2.0%	$333.6M+45.5%	$229.3M+14.5%	$200.3M+6.4%	$188.3M-1.2%	$190.5M+1.0%	$188.7M+5.4%	$179.0M+28.1%	$139.7M
EPS (Basic)	N/A	$2.79+282.2%	$0.73-36.0%	$1.14-51.7%	$2.36+7.3%	$2.20+17.6%	$1.87-3.1%	$1.93+0.5%	$1.92+32.4%	$1.45+14.2%	$1.27+5.8%	$1.20+2.6%	$1.17+6.4%	$1.10+10.0%	$1.00+51.5%	$0.66
EPS (Diluted)	$2.87	$2.77+284.7%	$0.72-36.3%	$1.13-51.7%	$2.34+7.3%	$2.18+17.2%	$1.86-2.6%	$1.91+1.1%	$1.89+33.1%	$1.42+12.7%	$1.26+5.9%	$1.19+2.6%	$1.16+5.5%	$1.10+10.0%	$1.00+51.5%	$0.66
Diluted Shares (Avg)	N/A	167M+8.7%	153M+1.6%	151M+0.2%	150M-1.0%	152M-1.1%	154M-5.1%	162M-4.6%	170M+10.5%	154M+2.5%	150M-0.4%	151M-4.8%	158M-4.6%	166M-3.8%	172M-0.6%	173M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$450.4M+22.7%	$383.0M+11.1%	$389.4M+513.0%	$386.5M+17.2%	$367.0M+14.1%	$344.7M+6.8%	$63.5M-48.1%	$329.7M+2.8%
SG&A Expenses	$161.2M+26.9%	$135.2M+9.1%	$135.1M+7.3%	$135.7M+12.1%	$127.0M+4.5%	$123.9M+3.8%	$125.9M+4.4%	$121.0M+3.3%
Interest Expense	$253.3M+3.1%	$220.9M-8.1%	$234.4M-9.3%	$251.4M-9.5%	$245.5M-10.3%	$240.3M-9.5%	$258.4M-5.0%	$277.8M+9.2%
Income Tax	$35.6M+25.4%	$33.2M+71.3%	$25.8M+259.7%	$29.6M+46.9%	$28.4M+323.8%	$19.4M-3.0%	-$16.1M+65.8%	$20.1M+3.6%
Net Income	$123.6M+11.1%	$119.6M+17.7%	$137.1M+184.8%	$124.7M+41.7%	$111.2M-3.8%	$101.7M+25.3%	-$161.6M-78.0%	$88.0M+5.7%
EPS (Basic)	$0.64-1.5%	$0.70+16.7%	$0.81+173.6%	$0.73+30.4%	$0.65-13.3%	$0.60+15.4%	-$1.10-77.4%	$0.56+5.7%
EPS (Diluted)	$0.63-3.1%	$0.70+18.6%	$0.81+173.6%	$0.73+30.4%	$0.65-12.2%	$0.59+13.5%	-$1.10-77.4%	$0.56+5.7%
Diluted Shares (Avg)	190M+14.2%	167M0.0%	N/A	167M+10.0%	166M+10.0%	167M+10.1%	N/A	151M+0.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

ASB Balance Sheet

ASB quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$45.2B+5.1%	$43.0B+4.9%	$41.0B+4.1%	$39.4B+12.3%	$35.1B+5.0%	$33.4B+3.2%	$32.4B-3.7%	$33.6B+10.3%	$30.5B+4.6%	$29.1B+5.2%	$27.7B+3.3%	$26.8B+10.7%	$24.2B+3.1%	$23.5B+7.1%	$21.9B
Cash & Equivalents	$1.7B+68.7%	$1.0B+10.4%	$923.8M+48.7%	$621.5M-39.4%	$1.0B+43.2%	$716.0M+21.6%	$588.7M-32.8%	$876.7M+22.4%	$716.0M+11.5%	$642.2M+35.6%	$473.7M-54.1%	$1.0B+71.4%	$602.2M-18.4%	$737.9M+19.7%	$616.6M
Short-Term Investments	$236.7M-8.6%	$258.9M+0.3%	$258.1M-6.8%	$276.8M-5.8%	$293.7M-1.2%	$297.2M+6.2%	$280.0M+73.7%	$161.2M-5.5%	$170.5M+151.2%	$67.9M	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B-0.4%	$1.1B-5.7%	$1.2B+0.6%	$1.2B+19.7%	$976.2M+0.4%	$972.0M+0.3%	$968.8M+4.3%	$929.2M0.0%	$929.2M0.0%	$929.2M0.0%	$929.2M
Total Liabilities	$40.2B+4.7%	$38.4B+4.3%	$36.8B+4.1%	$35.4B+13.9%	$31.1B+6.0%	$29.3B+3.0%	$28.5B-4.6%	$29.8B+9.5%	$27.2B+4.6%	$26.0B+5.1%	$24.8B+3.1%	$24.0B+12.6%	$21.3B+3.8%	$20.6B+7.8%	$19.1B
Long-Term Debt	$594.3M-29.1%	$837.6M+54.8%	$541.3M+118.2%	$248.1M-0.5%	$249.3M-54.6%	$549.5M0.0%	$549.3M-31.0%	$795.6M+60.0%	$497.3M-82.0%	$2.8B+3.2%	$2.7B-31.9%	$3.9B+27.3%	$3.1B+204.1%	$1.0B-13.7%	$1.2B
Total Equity	$5.0B+8.0%	$4.6B+10.3%	$4.2B+3.9%	$4.0B-0.2%	$4.0B-1.6%	$4.1B+4.3%	$3.9B+3.7%	$3.8B+16.8%	$3.2B+4.7%	$3.1B+5.2%	$2.9B+4.9%	$2.8B-3.1%	$2.9B-1.5%	$2.9B+2.5%	$2.9B
Retained Earnings	$3.2B+10.5%	$2.9B-0.9%	$2.9B+1.4%	$2.9B+8.7%	$2.7B+8.7%	$2.5B+3.3%	$2.4B+9.1%	$2.2B+12.8%	$1.9B+14.1%	$1.7B+6.4%	$1.6B+6.4%	$1.5B+7.6%	$1.4B+8.6%	$1.3B+11.6%	$1.1B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$51.8B+17.8%	$45.6B+5.3%	$45.2B+5.1%	$44.5B+5.3%	$44.0B+5.7%	$43.3B+5.3%	$43.0B+4.9%	$42.2B+1.4%
Cash & Equivalents	$1.8B+45.3%	$1.4B+12.5%	$1.7B+68.7%	$1.3B+33.7%	$1.3B+31.4%	$1.2B+44.7%	$1.0B+10.4%	$967.0M+35.7%
Short-Term Investments	$235.5M-4.7%	$231.0M-9.1%	$236.7M-8.6%	$245.2M-7.6%	$247.1M+0.3%	$254.2M-0.4%	$258.9M+0.3%	$265.4M+3.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.1B+3.8%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%
Total Liabilities	$46.2B+17.8%	$40.6B+5.1%	$40.2B+4.7%	$39.6B+4.7%	$39.2B+4.9%	$38.6B+4.5%	$38.4B+4.3%	$37.8B+0.8%
Long-Term Debt	$591.1M-0.4%	$592.6M+0.2%	$594.3M-29.1%	$594.1M-29.6%	$593.5M+10.7%	$591.4M+10.3%	$837.6M+54.8%	$844.3M+59.5%
Total Equity	$5.6B+17.9%	$5.0B+6.6%	$5.0B+8.0%	$4.9B+10.3%	$4.8B+12.7%	$4.7B+12.4%	$4.6B+10.3%	$4.4B+6.9%
Retained Earnings	$3.4B+10.8%	$3.3B+10.9%	$3.2B+10.5%	$3.1B+0.3%	$3.0B-0.7%	$3.0B-0.4%	$2.9B-0.9%	$3.1B+1.6%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

ASB Cash Flow Statement

ASB quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$719.0M	$615.7M+6.1%	$580.2M+31.1%	$442.7M-47.7%	$846.6M+59.9%	$529.6M-3.7%	$550.0M-4.2%	$574.3M+15.6%	$496.6M+8.3%	$458.4M-28.5%	$641.4M+112.9%	$301.2M+51.0%	$199.5M-58.3%	$478.0M+36.4%	$350.5M+13.1%	$309.8M
Depreciation & Amortization	N/A	$59.2M+2.6%	$57.7M+3.3%	$55.8M+3.5%	$53.9M-2.6%	$55.4M-8.9%	$60.8M-10.8%	$68.1M+41.1%	$48.3M+2.7%	$47.0M+3.4%	$45.4M-3.7%	$47.2M-6.2%	$50.3M+1.1%	$49.7M+14.0%	$43.6M+29.7%	$33.6M
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$5.0M
Investing Cash Flow	-$2.3B	-$1.6B+26.8%	-$2.2B-54.5%	-$1.4B+72.7%	-$5.3B-231.7%	-$1.6B-99.6%	-$793.7M-149.1%	$1.6B+524.7%	-$380.9M+72.7%	-$1.4B+15.5%	-$1.7B-7.8%	-$1.5B+27.6%	-$2.1B-69.1%	-$1.3B+23.3%	-$1.6B-245.7%	-$472.5M
Financing Cash Flow	$2.1B	$1.7B-1.4%	$1.7B+33.8%	$1.3B-67.6%	$4.0B+193.5%	$1.4B+267.7%	$371.0M+115.0%	-$2.5B-5612.4%	$45.0M-95.6%	$1.0B-14.2%	$1.2B+75.0%	$674.2M-71.3%	$2.3B+267.2%	$639.6M-54.5%	$1.4B+1681.4%	-$88.8M
Dividends Paid	$164.5M	$155.8M+11.9%	$139.2M+7.5%	$129.5M+5.2%	$123.1M+6.1%	$116.1M+3.6%	$112.0M+0.2%	$111.8M+6.0%	$105.5M+38.1%	$76.4M+12.6%	$67.9M+8.7%	$62.4M+6.3%	$58.7M+6.8%	$55.0M+38.7%	$39.6M+468.1%	$7.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$108.6M-12.0%	$123.3M+100.1%	$61.7M+9255.7%	$659K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$207.1M+46.4%	$135.9M+38.4%	$218.1M+5.3%	$158.0M+50.3%	$141.5M+24.6%	$98.2M-36.5%	$207.1M+220.5%	$105.1M-47.3%
Depreciation & Amortization	$19.5M+37.1%	$14.4M-10.9%	$14.6M-0.2%	$14.2M+0.4%	$14.2M-1.0%	$16.2M+11.2%	$14.6M+1.0%	$14.1M+0.8%
Investing Cash Flow	-$602.1M+5.5%	-$824.2M-548.4%	-$374.9M+64.2%	-$485.3M+6.3%	-$637.5M-67.9%	-$127.1M+53.8%	-$1.0B-232.7%	-$517.9M-27.2%
Financing Cash Flow	$839.6M+60.3%	$354.3M+46.5%	$584.3M-34.5%	$359.9M-14.5%	$523.7M+40.1%	$241.8M+397.8%	$891.4M+238.9%	$420.8M+44.7%
Dividends Paid	$45.7M+18.8%	$40.1M+3.9%	$40.2M+4.3%	$38.5M+14.7%	$38.5M+14.9%	$38.5M+14.9%	$38.6M+15.0%	$33.6M+5.0%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.

ASB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ASB quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	31.9%+20.0pp	11.9%-4.7pp	16.6%-12.9pp	29.5%-3.6pp	33.2%+9.2pp	24.0%-2.8pp	26.9%-0.2pp	27.0%+5.7pp	21.3%+2.5pp	18.9%+0.2pp	18.7%-0.9pp	19.6%-0.1pp	19.7%+0.6pp	19.1%+3.3pp	15.8%
Return on Equity	9.5%+6.9pp	2.7%-1.7pp	4.4%-4.7pp	9.1%+0.4pp	8.7%+1.2pp	7.5%-0.8pp	8.3%-0.5pp	8.8%+1.7pp	7.1%+0.6pp	6.5%+0.1pp	6.4%-0.4pp	6.8%+0.3pp	6.5%+0.4pp	6.1%+1.2pp	4.9%
Return on Assets	1.1%+0.8pp	0.3%-0.2pp	0.4%-0.5pp	0.9%-0.1pp	1.0%+0.1pp	0.9%-0.1pp	1.0%0.0pp	1.0%+0.2pp	0.8%+0.1pp	0.7%0.0pp	0.7%0.0pp	0.7%-0.1pp	0.8%0.0pp	0.8%+0.1pp	0.6%
Debt-to-Equity	0.12-0.1x	0.18+0.1x	0.13+0.1x	0.060.0x	0.06-0.1x	0.130.0x	0.14-0.1x	0.21+0.1x	0.15-0.7x	0.890.0x	0.91-0.5x	1.40+0.3x	1.07+0.7x	0.35-0.1x	0.41
Asset Turnover	0.030.0x	0.020.0x	0.030.0x	0.030.0x	0.030.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.04

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	27.4%-2.9pp	31.2%+1.7pp	35.2%	32.3%+5.6pp	30.3%-5.6pp	29.5%+4.4pp	-254.5%	26.7%+0.7pp
Return on Equity	2.2%-0.1pp	2.4%+0.2pp	2.8%+6.3pp	2.6%+0.6pp	2.3%-0.4pp	2.2%+0.2pp	-3.5%-1.3pp	2.0%0.0pp
Return on Assets	0.2%0.0pp	0.3%0.0pp	0.3%+0.7pp	0.3%+0.1pp	0.3%0.0pp	0.2%0.0pp	-0.4%-0.2pp	0.2%0.0pp
Debt-to-Equity	0.100.0x	0.120.0x	0.12-0.1x	0.12-0.1x	0.120.0x	0.130.0x	0.18+0.1x	0.19+0.1x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.000.0x	0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Associated Banc-Corp ASB	FY2025	$1.5B	$474.8M	31.9%	$5.5B	48/100
Bancfirst Corp BANF	FY2025	$690.6M	$240.6M	34.8%	$3.6B	74/100
International Bancshares Corp IBOC	FY2025	$842.2M	$412.3M	49.0%	$4.3B	60/100
United Community Banks, Inc. UCB	FY2025	$1.1B	$328.1M	30.9%	$4.1B	60/100
ServisFirst Bancshares Inc. SFBS	FY2025	$562.4M	$276.6M	49.2%	$4.2B	68/100
GRUPO AVAL ACCIONES Y VALORES S.A. AVAL	FY2018	N/A	$1.6B	N/A	$5.9B	—

Where Associated Banc-Corp Ranks

Frequently Asked Questions

What is Associated Banc-Corp's annual revenue?

Associated Banc-Corp (ASB) reported $1.5B in total revenue for fiscal year 2025. This represents a 43.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Associated Banc-Corp's revenue growing?

Associated Banc-Corp (ASB) revenue grew by 43.3% year-over-year, from $1.0B to $1.5B in fiscal year 2025.

Is Associated Banc-Corp profitable?

Yes, Associated Banc-Corp (ASB) reported a net income of $474.8M in fiscal year 2025, with a net profit margin of 31.9%.

How much debt does Associated Banc-Corp have?

As of fiscal year 2025, Associated Banc-Corp (ASB) had $1.7B in cash and equivalents against $594.3M in long-term debt.

What is Associated Banc-Corp's net profit margin?

Associated Banc-Corp (ASB) had a net profit margin of 31.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Associated Banc-Corp pay dividends?

Yes, Associated Banc-Corp (ASB) paid $0.93 per share in dividends during fiscal year 2025.

What is Associated Banc-Corp's return on equity (ROE)?

Associated Banc-Corp (ASB) has a return on equity of 9.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Associated Banc-Corp's operating cash flow?

Associated Banc-Corp (ASB) generated $615.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Associated Banc-Corp's total assets?

Associated Banc-Corp (ASB) had $45.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Associated Banc-Corp have outstanding?

Associated Banc-Corp (ASB) had 166M shares outstanding as of fiscal year 2025.

What is Associated Banc-Corp's debt-to-equity ratio?

Associated Banc-Corp (ASB) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Associated Banc-Corp's return on assets (ROA)?

Associated Banc-Corp (ASB) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Associated Banc-Corp's P/E ratio?

Associated Banc-Corp (ASB) trades at 10.8x earnings, its market capitalization divided by net income of $505.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $5.5B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Associated Banc-Corp's price-to-sales ratio?

Associated Banc-Corp (ASB) trades at 3.4x sales, its market capitalization divided by revenue of $1.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.5B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Associated Banc-Corp's Piotroski F-Score?

Associated Banc-Corp (ASB) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Associated Banc-Corp's earnings high quality?

Associated Banc-Corp (ASB) has an earnings quality ratio of 1.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Associated Banc-Corp?

Associated Banc-Corp (ASB) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.