Associated Banc-Corp (ASB) financial statements
Associated Banc-Corp reported revenue of $1.5B in fiscal 2025, up 3.8% a year over 9 years.
Net income was $475M.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Associated Banc-Corp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | $1.2B | $1.3B | $1.1B | $1.2B | $1.1B | $1.0B | $1.5B |
| Interest expense | $84M | $145M | $275M | $337M | $150M | $72M | $188M | $918M | $1.1B | $972M |
| Pre-tax income | $288M | $339M | $413M | $407M | $327M | $436M | $460M | $206M | $134M | $578M |
| Income tax | $87M | $110M | $80M | $80M | $20M | $85M | $94M | $23M | $11M | $103M |
| Net income | $200M | $229M | $334M | $327M | $307M | $351M | $366M | $183M | $123M | $475M |
| EPS (diluted) | $1.26 | $1.42 | $1.89 | $1.91 | $1.86 | $2.18 | $2.34 | $1.13 | $0.72 | $2.77 |
| Diluted shares | 150M | 154M | 170M | 162M | 154M | 152M | 150M | 151M | 153M | 167M |
| Net margin | 18.9% | 21.3% | 27.0% | 26.9% | 24.0% | 33.2% | 29.5% | 16.6% | 11.9% | 31.9% |
Balance sheet
Fiscal years, from Associated Banc-Corp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $642M | $716M | $877M | $589M | $716M | $1.0B | $621M | $924M | $1.0B | $1.7B |
| Property, plant and equipment | $330M | $331M | $363M | $435M | $419M | $385M | $377M | $373M | $379M | $382M |
| Goodwill | $972M | $976M | $1.2B | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B |
| Total assets | $29.1B | $30.5B | $33.6B | $32.4B | $33.4B | $35.1B | $39.4B | $41.0B | $43.0B | $45.2B |
| Total liabilities | $26.0B | $27.2B | $29.8B | $28.5B | $29.3B | $31.1B | $35.4B | $36.8B | $38.4B | $40.2B |
| Shareholders' equity | $3.1B | $3.2B | $3.8B | $3.9B | $4.1B | $4.0B | $4.0B | $4.2B | $4.6B | $5.0B |
| Net debt | -$642M | -$716M | -$877M | -$589M | -$716M | -$1.0B | -$621M | -$924M | -$1.0B | -$1.7B |
Cash flow
Fiscal years, from Associated Banc-Corp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $641M | $458M | $497M | $574M | $550M | $530M | $847M | $443M | $580M | $616M |
| Dividends paid | $68M | $76M | $106M | $112M | $112M | $116M | $123M | $130M | $139M | $156M |
| Share buybacks (net) | $0 | — | — | — | — | — | — | — | — | — |
| Net borrowing | -$319M | -$218M | -$281M | $58M | -$239M | -$198M | $252M | $14M | $442M | -$163M |
| Dividends per share | $0.45 | $0.50 | $0.62 | $0.69 | $0.73 | $0.76 | $0.82 | $0.86 | $0.91 | $0.93 |
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What was Associated Banc-Corp's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
From Associated Banc-Corp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.