For the twelve months ended Sep 30, 2026, Associated Banc-Corp reported $1.69B of revenue and $526.91M of net income.
ASB revenue was $464.38M in fiscal Q3 2026 (ended Sep 30, 2026), up 20.2% from a year earlier and up 3.1% from the prior quarter. For the full fiscal 2025 it was $1.49B, up 43.3% from fiscal 2024. Compound annual growth was +3.1% over 5 years and +4.0% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
ASB net income was $146.59M in fiscal Q3 2026 (ended Sep 30, 2026), up 17.5% from a year earlier and up 18.6% from the prior quarter. For the full fiscal 2025 it was $474.78M, up 285.5% from fiscal 2024. Compound annual growth was +9.1% over 5 years and +9.7% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
ASB diluted EPS was $0.76 in fiscal Q3 2026 (ended Sep 30, 2026), up 4.1% from a year earlier and up 20.6% from the prior quarter. For the full fiscal 2025 it was $2.77, up 284.7% from fiscal 2024. Compound annual growth was +8.3% over 5 years and +8.8% over 10 years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.04B | $1.10B | $1.24B | $1.06B | $1.28B | $1.22B | $1.24B | $1.07B | $1.06B |
| Interest expense | $971.61M | $1.08B | $918.48M | $187.93M | $72.33M | $149.88M | $336.94M | $274.56M | $145.38M | $84.30M |
| Pre-tax income | $577.91M | $134.46M | $206.05M | $459.63M | $436.31M | $326.97M | $406.51M | $413.35M | $338.77M | $287.60M |
| Income tax | $103.13M | $11.31M | $23.10M | $93.51M | $85.31M | $20.20M | $79.72M | $79.79M | $109.50M | $87.32M |
| Net income | $474.78M | $123.14M | $182.96M | $366.12M | $350.99M | $306.77M | $326.79M | $333.56M | $229.26M | $200.27M |
| EPS, basic | $2.79 | $0.73 | $1.14 | $2.36 | $2.20 | $1.87 | $1.93 | $1.92 | $1.45 | $1.27 |
| EPS, diluted | $2.77 | $0.72 | $1.13 | $2.34 | $2.18 | $1.86 | $1.91 | $1.89 | $1.42 | $1.26 |
| Diluted shares | 166.6M | 153.3M | 150.9M | 150.5M | 152.0M | 153.6M | 161.9M | 169.7M | 153.6M | 150.0M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.72B | $1.02B | $923.82M | $621.46M | $1.03B | $716.05M | $588.74M | $876.70M | $716.02M | $642.23M |
| Goodwill | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.11B | $1.18B | $1.17B | $976.24M | $971.95M |
| Total assets | $45.20B | $43.02B | $41.02B | $39.41B | $35.10B | $33.42B | $32.39B | $33.62B | $30.48B | $29.14B |
| Short-term debt | $307.86M | $470.37M | $326.78M | $605.94M | $354.26M | $252.32M | $465.11M | $157.07M | $392.28M | $1.09B |
| Total debt | $4.17B | $3.16B | $2.81B | $5.17B | $2.22B | $2.43B | $4.20B | $4.53B | $4.07B | $2.76B |
| Total liabilities | $40.23B | $38.42B | $36.84B | $35.39B | $31.08B | $29.33B | $28.46B | $29.83B | $27.25B | $26.05B |
| Shareholders' equity | $4.98B | $4.61B | $4.17B | $4.02B | $4.02B | $4.09B | $3.92B | $3.78B | $3.24B | $3.09B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $615.69M | $580.25M | $442.74M | $846.57M | $529.55M | $550.02M | $574.26M | $496.57M | $458.37M | $641.38M |
| Investing cash flow | -$1.62B | -$2.22B | -$1.44B | -$5.25B | -$1.58B | -$793.74M | $1.62B | -$380.87M | -$1.40B | -$1.65B |
| Financing cash flow | $1.71B | $1.73B | $1.30B | $4.00B | $1.36B | $371.02M | -$2.48B | $44.98M | $1.01B | $1.18B |
| Dividends paid | $155.77M | $139.20M | $129.53M | $123.14M | $116.06M | $112.02M | $111.80M | $105.52M | $76.42M | $67.86M |
| Share repurchases | - | - | - | - | - | - | - | - | - | $0 |
| Depreciation and amortization | - | - | - | - | - | - | - | $48.25M | $46.97M | $45.43M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 43.3% | -5.9% | -11.0% | 17.1% | -17.1% | 5.0% | -1.5% | 15.0% | 1.3% | 5.4% |
| Net income growth, YoY | 285.5% | -32.7% | -50.0% | 4.3% | 14.4% | -6.1% | -2.0% | 45.5% | 14.5% | 6.4% |
| EPS growth, YoY | 284.7% | -36.3% | -51.7% | 7.3% | 17.2% | -2.6% | 1.1% | 33.1% | 12.7% | 5.9% |
| Net margin | 31.9% | 11.9% | 16.6% | 29.5% | 33.2% | 24.0% | 26.9% | 27.0% | 21.3% | 18.9% |
| Return on equity | 9.5% | 2.7% | 4.4% | 9.1% | 8.7% | 7.5% | 8.3% | 8.8% | 7.1% | 6.5% |
| Return on assets | 1.1% | 0.3% | 0.4% | 0.9% | 1.0% | 0.9% | 1.0% | 1.0% | 0.8% | 0.7% |
| Debt to equity | 0.84 | 0.69 | 0.67 | 1.29 | 0.55 | 0.60 | 1.07 | 1.20 | 1.26 | 0.89 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $464.38M | $450.44M | $383.05M | $389.36M | $386.49M | $366.98M | $344.72M | - | $329.73M | $321.75M | $322.84M | $122.39M |
| Interest expense | $256.33M | $253.25M | $220.85M | $234.36M | $251.37M | $245.54M | $240.34M | $258.44M | $277.81M | $273.68M | $265.53M | $271.96M |
| Pre-tax income | $190.03M | $159.17M | $152.88M | $162.90M | $154.29M | $139.63M | $121.09M | -$177.75M | $108.14M | $102.88M | $101.19M | -$138.01M |
| Income tax | $43.45M | $35.60M | $33.25M | $25.77M | $29.55M | $28.40M | $19.41M | -$16.14M | $20.12M | -$12.69M | $20.02M | -$47.20M |
| Net income | $146.59M | $123.56M | $119.64M | $137.13M | $124.73M | $111.23M | $101.69M | -$161.62M | $88.02M | $115.57M | $81.17M | -$90.81M |
| EPS, basic | $0.77 | $0.64 | $0.70 | $0.81 | $0.73 | $0.65 | $0.60 | -$1.10 | $0.56 | $0.75 | $0.52 | -$0.62 |
| EPS, diluted | $0.76 | $0.63 | $0.70 | $0.80 | $0.73 | $0.65 | $0.59 | -$1.10 | $0.56 | $0.74 | $0.52 | -$0.62 |
| Diluted shares | 188.5M | 189.9M | 166.6M | - | 166.7M | 166.3M | 166.6M | - | 151.5M | 151.3M | 151.3M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.63B | $1.83B | $1.39B | $1.72B | $1.29B | $1.26B | $1.23B | $1.02B | $967.04M | $959.09M | $851.58M | $923.82M |
| Goodwill | $1.15B | $1.15B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B | $1.10B |
| Total assets | $51.40B | $51.81B | $45.59B | $45.20B | $44.46B | $43.99B | $43.31B | $43.02B | $42.21B | $41.62B | $41.14B | $41.02B |
| Short-term debt | $266.33M | $529.28M | $395.65M | $307.86M | $399.67M | $75.58M | $311.33M | $470.37M | $917.03M | $859.54M | $765.67M | $326.78M |
| Total debt | $4.82B | $5.70B | $4.41B | $4.17B | $4.21B | $4.55B | $2.93B | $3.16B | $3.67B | $4.07B | $2.64B | $2.81B |
| Total liabilities | $45.92B | $46.17B | $40.60B | $40.23B | $39.59B | $39.21B | $38.62B | $38.42B | $37.80B | $37.38B | $36.97B | $36.84B |
| Shareholders' equity | $5.48B | $5.64B | $5.00B | $4.98B | $4.87B | $4.78B | $4.69B | $4.61B | $4.41B | $4.24B | $4.17B | $4.17B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $329.19M | $207.09M | $135.87M | $218.08M | $157.97M | $141.47M | $98.17M | $207.13M | $105.12M | $113.50M | $154.50M | $64.63M |
| Investing cash flow | $37.78M | -$602.13M | -$824.18M | -$374.93M | -$485.25M | -$637.50M | -$127.12M | -$1.05B | -$517.94M | -$379.77M | -$275.32M | $788.15M |
| Financing cash flow | -$570.30M | $839.65M | $354.27M | $584.30M | $359.95M | $523.67M | $241.81M | $891.39M | $420.76M | $373.79M | $48.58M | -$641.75M |
| Dividends paid | $45.18M | $45.74M | $40.06M | $40.21M | $38.53M | $38.50M | $38.54M | $38.56M | $33.60M | $33.51M | $33.53M | $33.53M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 20.2% | 22.7% | 11.1% | - | 17.2% | 14.1% | 6.8% | - | 2.8% | -0.5% | -3.9% | -65.1% |
| Net income growth, YoY | 17.5% | 11.1% | 17.7% | - | 41.7% | -3.8% | 25.3% | - | 5.7% | 32.6% | -21.5% | - |
| EPS growth, YoY | 4.1% | -3.1% | 18.6% | - | 30.4% | -12.2% | 13.5% | - | 5.7% | 32.1% | -21.2% | - |
| Net margin | 31.6% | 27.4% | 31.2% | 35.2% | 32.3% | 30.3% | 29.5% | - | 26.7% | 35.9% | 25.1% | -74.2% |
| Debt to equity | 0.88 | 1.01 | 0.88 | 0.84 | 0.87 | 0.95 | 0.63 | 0.69 | 0.83 | 0.96 | 0.63 | 0.67 |
Source: XBRL data Associated Banc-Corp files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ASB | $1.69B | - | $526.91M | 31.2% | $5.64B |
| JPM | $203.15B | +13.2% | $65.98B | 32.5% | $888.26B |
| BAC | $120.16B | +5.4% | $32.24B | 26.8% | $340.97B |
| WFC | $87.23B | +5.4% | $22.97B | 26.3% | $251.98B |
| C | $85.22B | +5.6% | $14.31B | 16.8% | $199.70B |
| UBS | $49.57B | +2.0% | $7.80B | 15.7% | $148.27B |
| COF | $63.01B | +31.2% | $10.87B | 17.2% | $121.43B |
| MFG | ¥8.79T | +7.6% | ¥1.16T | 13.2% | $116.96B |
| BNS | C$37.74B | +12.1% | C$7.79B | 20.6% | $112.48B |