Associated Banc-corp (ASB) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Associated Banc-corp reported revenue of $1.49B, up 43.3% from $1.04B the year before. Net income was $474.8M (a 31.9% net margin), or $2.77 per diluted share. Net interest income was $1.20B, and the efficiency ratio (noninterest expense / revenue) was 57.5%. Operating activities generated $615.7M of cash. At fiscal year end, Associated Banc-corp held $45.20B in total assets against $40.23B in total liabilities.
Open the full interactive Associated Banc-corp financials → Quarterly statements, key ratios, valuation history and price charts.
Associated Banc-corp Key Stats
| Share Price | $28.56 |
|---|---|
| Market Cap | $5.42B |
| P/E Ratio | 10.3 |
| Revenue YoY Growth | +43.3% |
| 52-Week Range | $23.28 – $32.08 |
| Shares Outstanding | 188.1 million (basic, 2026 Q2) |
Associated Banc-corp Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $763.0M | $725.9M | $957.3M | $1.04B | $1.05B | $1.20B |
| Provision for Credit Losses | $174.0M | -$88.0M | $33.0M | $83.0M | $85.0M | $54.0M |
| Noninterest Income | $514.1M | $332.4M | $282.4M | $63.2M | -$9.4M | $286.4M |
| Noninterest Expense | $776.0M | $709.9M | $747.1M | $813.7M | $818.4M | $855.6M |
| Revenue | $1.28B | $1.06B | $1.24B | $1.10B | $1.04B | $1.49B |
| Pre-Tax Income | $327.0M | $436.3M | $459.6M | $206.1M | $134.5M | $577.9M |
| Income Tax | $20.2M | $85.3M | $93.5M | $23.1M | $11.3M | $103.1M |
| Net Income | $306.8M | $351.0M | $366.1M | $183.0M | $123.1M | $474.8M |
| Diluted EPS | $1.86 | $2.18 | $2.34 | $1.13 | $0.72 | $2.77 |
Associated Banc-corp Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $386.5M | $389.4M | $383.0M | $450.4M |
| Net Income | $124.7M | $137.1M | $119.6M | $123.6M |
| Diluted EPS | $0.73 | $0.82 | $0.70 | $0.63 |
Associated Banc-corp Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $24.07B | $23.94B | $28.49B | $28.87B | — | $30.79B |
| Total Assets | $33.42B | $35.10B | $39.41B | $41.02B | $43.02B | $45.20B |
| Deposits | $26.48B | $28.47B | $29.64B | $33.45B | $34.65B | $35.55B |
| Total Long-Term Debt | $2.43B | $1.87B | $5.17B | $1.74B | $3.16B | $4.17B |
| Total Liabilities | $29.33B | $31.08B | $35.39B | $36.84B | $38.42B | $40.23B |
| Shareholders' Equity | $4.09B | $4.02B | $4.02B | $4.17B | $4.61B | $4.98B |
Associated Banc-corp Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $550.0M | $529.6M | $846.6M | $442.7M | $580.2M | $615.7M |
| Cash From Investing | -$793.7M | -$1.58B | -$5.25B | -$1.44B | -$2.22B | -$1.62B |
| Cash From Financing | $371.0M | $1.36B | $4.00B | $1.30B | $1.73B | $1.71B |
Figures from Associated Banc-corp's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Associated Banc-corp financials page for every line item.
Associated Banc-corp Company Profile
| Ticker | ASB |
|---|---|
| Exchange | NYSE |
| Industry | State Commercial Banks |
| Headquarters | Green Bay, Wisconsin |
| Incorporated in | Wisconsin |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000007789 |
Frequently Asked Questions
What was Associated Banc-corp's revenue in fiscal 2025?
Associated Banc-corp (ASB) reported revenue of $1.49B for fiscal 2025.
What is Associated Banc-corp's annual revenue history?
Associated Banc-corp's annual revenue by fiscal year: 2020: $1.28B; 2021: $1.06B; 2022: $1.24B; 2023: $1.10B; 2024: $1.04B; 2025: $1.49B.
What was Associated Banc-corp's net income in fiscal 2025?
Associated Banc-corp reported net income of $474.8M for fiscal 2025.
What was Associated Banc-corp's earnings per share (EPS) in fiscal 2025?
Associated Banc-corp's diluted EPS was $2.77 for fiscal 2025 (adjusted for any later stock splits).
What was Associated Banc-corp's revenue last quarter?
In its most recent reported quarter (2026 Q2), Associated Banc-corp reported revenue of $450.4M.
How much debt does Associated Banc-corp have?
Associated Banc-corp reported $4.17B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Associated Banc-corp are outstanding?
Associated Banc-corp reported a weighted average of 188.1 million basic shares outstanding in 2026 Q2.
What is Associated Banc-corp's market cap?
Based on its latest closing price, Associated Banc-corp (ASB) has a market capitalization of about $5.42B.
When does Associated Banc-corp's fiscal year end?
Associated Banc-corp's fiscal year end, as registered with the SEC, is December 31.
Where is Associated Banc-corp headquartered?
Associated Banc-corp lists its business address in Green Bay, Wisconsin in its SEC filings.