tradmap

ASB Financials Associated Banc-Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 2.2% per year over the past 5 years.
  • Net income has grown faster than revenue (9.1% vs -2.2% per year).

Financial health

  • Total debt ($4.2B) exceeds cash ($1.7B); net debt is $2.5B.
  • Total debt has grown faster than revenue (11.4% vs -2.2% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 32.8% of earnings.
  • The dividend has grown 6.8% per year over the past 5 years.
Revenue & net income
$0 $639M $1B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 17% 33% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $3B $5B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$5B -$625M $4B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $475M $4.2B $1.7B
2024 $123M $3.2B $1.0B
2023 $1.1B $183M 0.0% 0.0% $2.8B $924M
2022 $1.2B $366M 0.0% 0.0% $5.2B $621M
2021 $1.1B $351M 0.0% 0.0% $2.2B $1.0B
2020 $1.3B $307M 0.0% 0.0% $2.4B $716M
2019 $1.2B $327M 0.0% 0.0% $4.2B $589M
2018 $1.2B $334M 0.0% 0.0% $4.5B $877M
2017 $1.1B $229M 0.0% 0.0% $4.1B $716M
2016 $1.1B $200M 0.0% 0.0% $3.9B $642M
2015 $1.0B $188M 0.0% 0.0% $3.5B $474M
2014 $972M $191M 0.0% 0.0% $5.0B
2013 $959M $189M 0.0% 0.0% $3.8B
2012 $939M $179M 0.0% 0.0% $3.3B
2011 $886M $140M 0.0% 0.0% $3.7B

Valuation over time

How the market has priced ASB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 18.2 36.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2.0 4.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.5 5.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is ASB growing its revenue and profit?

Over the past 5 years, Associated Banc-Corp's revenue has declined 2.2% per year, and net income grown 9.1% per year. These are computed facts, not advice.

How much debt does ASB have?

As of FY2025, Associated Banc-Corp reported $4.2B of total debt against $1.7B of cash.

What is ASB's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin —.

What is ASB's P/E ratio?

As of Jun '26, Associated Banc-Corp traded at a price-to-earnings ratio of about 10.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.