Associated Banc-Corp

ASB Financial Banks Regional

Associated Banc-Corp’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 16.4% from fiscal 2024.

Revenue
+13.0%
EPS
+5.48%
Free cash flow
+117.2%
Total debt
+19.3%

Quarter to September 2026, against a year earlier

30.45 0.09 −0.29%
Market cap
$5.7B
P/E
10.5×
Fwd P/E
10.6×
Dividend yield
3.14%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
19.65 17.28 10.25 11.48 9.12 10.32 9.82 19.25 30.25 9.20
Piotroski F-Score
8 6 6 6 6 7 6 5 4 7
P/S ratio
3.24 3.14 2.19 2.28 1.83 3.01 2.42 1.61 1.72 1.73
P/FCF ratio
6.91 9.32 7.69 6.98 5.27 7.14 4.41 8.57 6.79 7.34
P/Operating CF
16.48 26.97 17.09 33.93 20.55 20.59 27.82 50.47 17.53 19.50
P/B ratio
1.27 1.25 0.94 0.97 0.70 0.89 0.90 0.82 0.82 0.89
EV/Sales
5.05 5.52 4.51 4.30 2.86 3.76 5.19 2.38 2.51 2.60
EV/EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/FCF
10.75 16.37 15.80 13.18 8.23 8.91 9.45 12.66 9.91 11.04
Current Ratio
0.88 0.91 0.93 0.95 0.92 0.86 0.95 0.88 0.88 0.90
Net Debt/EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt/Equity
0.89 1.14 1.16 0.95 0.53 0.46 1.14 0.59 0.58 0.78
ROE
6.66% 7.32% 9.78% 8.67% 7.79% 8.76% 9.21% 4.37% 2.64% 10.03%
ROA
0.67% 0.74% 1.01% 0.94% 0.88% 0.97% 0.95% 0.42% 0.26% 1.05%
ROIC
3.48% 3.45% 3.80% 3.60% 3.68% 5.60% 3.61% 2.25% 1.34% 5.07%
Return on Tangible Assets
(8.09%) (11.93%) (22.37%) (37.74%) (17.20%) (9.22%) (31.09%) (4.40%) (2.75%) (14.39%)
Average Days of Receivables
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings Yield
5.09% 5.79% 9.75% 8.71% 10.97% 9.69% 10.19% 5.20% 3.31% 10.87%
Free Cash Flow Yield
14.48% 10.72% 13.01% 14.32% 18.98% 14.01% 22.67% 11.67% 14.74% 13.62%
Free Cash Flow per Share
3.61 2.72 2.57 3.16 3.24 3.17 5.26 2.54 3.52 3.51
Book value per Share
20.78 21.46 22.59 24.43 26.74 26.69 26.92 27.83 30.31 30.14
Free Cash Flow
537.50 411.00 430.71 506.80 495.14 477.27 783.86 380.93 535.26 579.32
EV/EBIT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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Columns are period end dates · fundamentals updated 2 Nov 2026