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Stocks · Financials · State Commercial Banks

ASSOCIATED BANC-CORP

ASB Clue Score25
United States Fiscal year ends December CIK 0000007789
$28.83 +0.63% Close, 12 Oct 2026
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Price $28.83 +31.46% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue1.06Net income0.20EPS, diluted1.26Fiscal year 2017Revenue1.07 +1.3%Net income0.23 +14.5%EPS, diluted1.42 +12.7%Fiscal year 2018Revenue1.24 +15.0%Net income0.33 +45.5%EPS, diluted1.89 +33.1%Fiscal year 2019Revenue1.22 −1.5%Net income0.33 −2.0%EPS, diluted1.91 +1.1%Fiscal year 2020Revenue1.28 +5.0%Net income0.31 −6.1%EPS, diluted1.86 −2.6%Fiscal year 2021Revenue1.06 −17.1%Net income0.35 +14.4%EPS, diluted2.18 +17.2%Fiscal year 2022Revenue1.24 +17.1%Net income0.37 +4.3%EPS, diluted2.34 +7.3%Fiscal year 2023Revenue1.10 −11.0%Net income0.18 −50.0%EPS, diluted1.13 −51.7%Fiscal year 2024Net income0.12 −32.7%EPS, diluted0.72 −36.3%Fiscal year 2025Net income0.47 +285.5%EPS, diluted2.77 +284.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.06 1.07 1.24 1.22 1.28 1.06 1.24 1.10 n/a n/a
Growth +1.3% +15.0% −1.5% +5.0% −17.1% +17.1% −11.0%
Net income 0.20 0.23 0.33 0.33 0.31 0.35 0.37 0.18 0.12 0.47
Growth +14.5% +45.5% −2.0% −6.1% +14.4% +4.3% −50.0% −32.7% +285.5%
EPS, diluted 1.26 1.42 1.89 1.91 1.86 2.18 2.34 1.13 0.72 2.77
Growth +12.7% +33.1% +1.1% −2.6% +17.2% +7.3% −51.7% −36.3% +284.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin18.9%Fiscal year 2017Net margin21.3%Fiscal year 2018Net margin27.0%Fiscal year 2019Net margin26.9%Fiscal year 2020Net margin24.0%Fiscal year 2021Net margin33.2%Fiscal year 2022Net margin29.5%Fiscal year 2023Net margin16.6%Fiscal year 2024Fiscal year 2025
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 18.9% 21.3% 27.0% 26.9% 24.0% 33.2% 29.5% 16.6% n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow0.64Buybacks0.00Dividends paid−0.07Fiscal year 2017Operating cash flow0.46Dividends paid−0.08Fiscal year 2018Operating cash flow0.50Dividends paid−0.11Fiscal year 2019Operating cash flow0.57Dividends paid−0.11Fiscal year 2020Operating cash flow0.55Dividends paid−0.11Fiscal year 2021Operating cash flow0.53Dividends paid−0.12Fiscal year 2022Operating cash flow0.85Dividends paid−0.12Fiscal year 2023Operating cash flow0.44Dividends paid−0.13Fiscal year 2024Operating cash flow0.58Dividends paid−0.14Fiscal year 2025Operating cash flow0.62Dividends paid−0.16
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.64 0.46 0.50 0.57 0.55 0.53 0.85 0.44 0.58 0.62
Buybacks 0.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Dividends paid −0.07 −0.08 −0.11 −0.11 −0.11 −0.12 −0.12 −0.13 −0.14 −0.16

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.64Total debt2.76Net cash (debt)−2.12Shareholders’ equity3.09Debt to equity0.89Fiscal year 2017Cash0.72Total debt3.40Net cash (debt)−2.68Shareholders’ equity3.24Debt to equity1.05Fiscal year 2018Cash0.88Total debt3.47Net cash (debt)−2.59Shareholders’ equity3.78Debt to equity0.92Fiscal year 2019Cash0.59Total debt3.21Net cash (debt)−2.62Shareholders’ equity3.92Debt to equity0.82Fiscal year 2020Cash0.72Total debt0.55Net cash (debt)0.17Shareholders’ equity4.09Debt to equity0.13Fiscal year 2021Cash1.03Total debt1.87Net cash (debt)−0.84Shareholders’ equity4.02Debt to equity0.46Fiscal year 2022Cash0.62Total debt1.44Net cash (debt)−0.82Shareholders’ equity4.02Debt to equity0.36Fiscal year 2023Cash0.92Total debt1.74Net cash (debt)−0.82Shareholders’ equity4.17Debt to equity0.42Fiscal year 2024Cash1.02Total debt1.44Net cash (debt)−0.42Shareholders’ equity4.61Debt to equity0.31Fiscal year 2025Cash1.72Total debt1.01Net cash (debt)0.71Shareholders’ equity4.98Debt to equity0.20
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.64 0.72 0.88 0.59 0.72 1.03 0.62 0.92 1.02 1.72
Total debt 2.76 3.40 3.47 3.21 0.55 1.87 1.44 1.74 1.44 1.01
Net cash (debt) −2.12 −2.68 −2.59 −2.62 0.17 −0.84 −0.82 −0.82 −0.42 0.71
Shareholders’ equity 3.09 3.24 3.78 3.92 4.09 4.02 4.02 4.17 4.61 4.98
Debt to equity 0.89 1.05 0.92 0.82 0.13 0.46 0.36 0.42 0.31 0.20

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
27.1% 31.5% 33.5% 33.4% 25.6% 41.2% 37.1% 18.7% n/a n/a
18.9% 21.3% 27.0% 26.9% 24.0% 33.2% 29.5% 16.6% n/a n/a
Spending
30.4% 32.3% 19.3% 19.6% 6.2% 19.6% 20.3% 11.2% 8.4% 17.8%
Returns
6.5% 7.1% 8.8% 8.3% 7.5% 8.7% 9.1% 4.4% 2.7% 9.5%
0.7% 0.8% 1.0% 1.0% 0.9% 1.0% 0.9% 0.4% 0.3% 1.1%
Balance and payout
0.89 1.05 0.92 0.82 0.13 0.46 0.36 0.42 0.31 0.20
89.4% 89.4% 88.8% 87.9% 87.8% 88.5% 89.8% 89.8% 89.3% 89.0%
33.9% 33.3% 31.6% 34.2% 36.5% 33.1% 33.6% 70.8% 113.0% 32.8%