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Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) Financials

ASBA
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
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported 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 ASBA SEC filings page.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) 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 ASBA FY2025

FY2025 earnings rebounded, but the numbers show a balance-sheet-intensive financial business funded largely through liabilities and financing flows.

FY2025 operating cash flow of $615.7M exceeded net income of $474.8M, indicating that the earnings rebound was accompanied by cash generation rather than relying solely on accounting accruals.

FY2025 assets of $45.2B versus liabilities of $40.2B reveal a business funded primarily through obligations rather than equity. Its reported long-term debt-to-equity ratio was only 0.1x, suggesting much of that financing sits in operating liabilities instead of conventional long-term debt.

Investing cash flow was an outflow of $1.6B while financing supplied $1.7B in FY2025, indicating that asset deployment was funded externally rather than from operating cash alone. This makes financing activity a central part of how the balance sheet expands.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
7/7

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033'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 6.625% Fixed-Rate Reset Subordinated Notes due 2033'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.

ASBA 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.

ASBA quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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/A167M+10.0%166M+10.0%167M+10.1%N/A151M+0.3%

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

ASBA Balance Sheet

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.

ASBA quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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.

ASBA Cash Flow 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.

ASBA quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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.

ASBA 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.

ASBA quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin27.4%-2.9pp31.2%+1.7pp35.2%32.3%+5.6pp30.3%-5.6pp29.5%+4.4pp-254.5%26.7%+0.7pp
Return on Equity2.2%-0.1pp2.4%+0.2pp2.8%+6.3pp2.6%+0.6pp2.3%-0.4pp2.2%+0.2pp-3.5%-1.3pp2.0%0.0pp
Return on Assets0.2%0.0pp0.3%0.0pp0.3%+0.7pp0.3%+0.1pp0.3%0.0pp0.2%0.0pp-0.4%-0.2pp0.2%0.0pp
Debt-to-Equity0.100.0x0.120.0x0.12-0.1x0.12-0.1x0.120.0x0.130.0x0.18+0.1x0.19+0.1x
Asset Turnover0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.000.0x0.010.0x

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.

Frequently Asked Questions

What is Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033's annual revenue?

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) 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 6.625% Fixed-Rate Reset Subordinated Notes due 2033's revenue growing?

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) revenue grew by 43.3% year-over-year, from $1.0B to $1.5B in fiscal year 2025.

Is Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 profitable?

Yes, Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) reported a net income of $474.8M in fiscal year 2025, with a net profit margin of 31.9%.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) 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.

As of fiscal year 2025, Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) had $1.7B in cash and equivalents against $594.3M in long-term debt.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) had a net profit margin of 31.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) paid $0.93 per share in dividends during fiscal year 2025.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) has a return on equity of 9.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) generated $615.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) had $45.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) had 166M shares outstanding as of fiscal year 2025.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) 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.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) 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.

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) 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.

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