Skip to content
MARKETS / NYSE / ASB
NYSE · STATE COMMERCIAL BANKS · LARGE CAP

Associated Banc-corp ASB

18 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$474.8M
▲ 285.5% YoY
In brief

What this company does

Through Associated Bank and various nonbanking subsidiaries, Associated Banc-Corp provides a broad array of banking and nonbanking products and services to individuals and businesses through 184 banking branches, serving more than 100 communities primarily within its four-state branch footprint, as of December 31, 2025. At December 31, 2025, the Corporation owned one nationally chartered commercial bank headquartered in Green Bay, Wisconsin, which serves local communities across the upper Midwest, one nationally chartered trust company headquartered in Milwaukee, Wisconsin, and 12 limited purpose banking and nonbanking subsidiaries located in or conducting business primarily in its four-state footprint of Wisconsin, Illinois, Minnesota and Missouri. The Corporation had approximately 4,000 colleagues at December 31, 2025. Its business is organized into three reportable segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Associated Bank, the Corporation's bank subsidiary, traces its history back to the founding of the Bank of Neenah in 1861. Associated Banc-Corp was incorporated in Wisconsin in 1964 and was inactive until 1969, when permission was received from the Federal Reserve to acquire three banks.

Written from the business description in ASSOCIATED BANC-CORP's annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2023 · Revenue 1.1 · Net income 0.2
0.5B1.0B2008201120142017202020232025
Compound annual growth
−4.8%
−2.2%
+1.4%
+9.0%
+9.1%
+9.7%
+5.8%
+8.3%
+8.8%
+4.7%
+23.3%
+8.2%
+6.8%
+9.6%
+23.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −2.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
Operating margin Net margin
FY2023 · Net 16.6%
10%20%30%-5%-10%2008201120142017202020232025
ROE
FY2025 · ROE 9.9%
5%-2%-4%2008201120142017202020232025

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders
USD 155.8M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends 155.8 · Net buybacks —
80M160M-200M-400MDividendsNet buybacks2008201120142017202020232025

USD 155.8M in dividends — 33% of the year's profit went back to shareholders.

Total assetsUSD 45.2B
EquityUSD 5.0B
CashUSD 1.7B
Gross debtUSD 1.3B
Net debtUSD -405.2M
DepositsUSD 35.6B

The company holds more cash than debt.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B··1.11.21.11.31.21.21.11.11.01.01.00.90.91.01.1·
Operating income $B··················
EBITDA $B··················
Income tax $B0.10.00.00.10.10.00.10.10.10.10.10.10.10.10.0−0.0−0.20.1
Net income $B0.50.10.20.40.40.30.30.30.20.20.20.20.20.20.1−0.0−0.10.2
EPS, diluted $2.770.721.132.342.181.861.911.891.421.261.191.161.101.000.66−0.18−1.261.29
Dividend / sh $0.930.890.850.81···········0.040.471.27
Payout %331137134333734323334333129225−812−4696
ROE %9.92.84.59.18.67.78.59.57.26.66.66.76.56.24.6−0.0−4.75.9
Shares out B0.170.170.150.150.150.150.160.16··········

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 4 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityState Commercial Banks
Listed onNYSE
Incorporated inWisconsin
Fiscal year endsDecember 31
Data on record since2008

Share this section

Download image