Saturday 17 October 2026
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Associated Banc-Corp
Associated Banc-Corp’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 16.4% from fiscal 2024. In the quarter to June 2026, revenue grew 14.9%, EPS fell 3.03%, free cash flow grew 48.8% and total debt rose 15.5%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.
28.96
0.12
+0.42%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
9.20 | 30.25 | 19.25 | 9.82 | 10.32 | 9.12 | 11.48 | 10.25 | 17.28 | 19.65 |
Piotroski F-Score |
7 | 4 | 5 | 6 | 7 | 6 | 6 | 6 | 6 | 8 |
P/S ratio |
1.73 | 1.72 | 1.61 | 2.42 | 3.01 | 1.83 | 2.28 | 2.19 | 3.14 | 3.24 |
P/FCF ratio |
7.34 | 6.79 | 8.57 | 4.41 | 7.14 | 5.27 | 6.98 | 7.69 | 9.32 | 6.91 |
P/Operating CF |
19.50 | 17.53 | 50.47 | 27.82 | 20.59 | 20.55 | 33.93 | 17.09 | 26.97 | 16.48 |
P/B ratio |
0.89 | 0.82 | 0.82 | 0.90 | 0.89 | 0.70 | 0.97 | 0.94 | 1.25 | 1.27 |
Price to Tangible BV |
1.19 | 1.14 | 1.19 | 1.33 | 1.30 | 1.04 | 1.52 | 1.50 | 1.89 | 1.97 |
EV/Sales |
2.60 | 2.51 | 2.38 | 5.19 | 3.76 | 2.86 | 4.30 | 4.51 | 5.52 | 5.05 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
10.39 | 9.14 | 10.89 | 8.74 | 8.03 | 7.41 | 11.63 | 13.70 | 14.68 | 9.01 |
EV/FCF |
11.04 | 9.91 | 12.66 | 9.45 | 8.91 | 8.23 | 13.18 | 15.80 | 16.37 | 10.75 |
Quick Ratio |
0.05 | 0.03 | 0.03 | 0.02 | 0.04 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 |
Current Ratio |
0.90 | 0.88 | 0.88 | 0.95 | 0.86 | 0.92 | 0.95 | 0.93 | 0.91 | 0.88 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
8.54% | 6.26% | 6.05% | 11.59% | 5.33% | 6.53% | 11.52% | 13.00% | 12.08% | 9.48% |
Debt/Equity |
0.78 | 0.58 | 0.59 | 1.14 | 0.46 | 0.53 | 0.95 | 1.16 | 1.14 | 0.89 |
Asset Turnover |
0.06 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
Operating CF/Net income |
1.34 | 5.23 | 2.60 | 2.40 | 1.60 | 1.91 | 1.84 | 1.54 | 2.08 | 3.35 |
Capex/Depreciation |
(0.26) | (0.34) | (0.52) | (0.77) | (0.50) | (0.49) | (0.54) | (0.68) | (0.41) | (0.93) |
| 10.03% | 2.64% | 4.37% | 9.21% | 8.76% | 7.79% | 8.67% | 9.78% | 7.32% | 6.66% | |
| 1.05% | 0.26% | 0.42% | 0.95% | 0.97% | 0.88% | 0.94% | 1.01% | 0.74% | 0.67% | |
ROIC |
5.07% | 1.34% | 2.25% | 3.61% | 5.60% | 3.68% | 3.60% | 3.80% | 3.45% | 3.48% |
Return on Tangible Assets |
(14.39%) | (2.75%) | (4.40%) | (31.09%) | (9.22%) | (17.20%) | (37.74%) | (22.37%) | (11.93%) | (8.09%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
36.63% | 42.33% | 43.93% | 54.02% | 54.23% | 65.87% | 51.50% | 51.97% | 60.13% | 67.32% |
Intangible Assets out of Total Assets |
0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(1.76) | (1.97) | (2.07) | (1.77) | (1.73) | (1.66) | (1.42) | (1.86) | (1.53) | (1.47) |
Graham Number |
42.72 | 22.72 | 25.98 | 36.88 | 35.39 | 32.06 | 31.41 | 30.24 | 25.97 | 23.73 |
Earnings Yield |
10.87% | 3.31% | 5.20% | 10.19% | 9.69% | 10.97% | 8.71% | 9.75% | 5.79% | 5.09% |
Free Cash Flow Yield |
13.62% | 14.74% | 11.67% | 22.67% | 14.01% | 18.98% | 14.32% | 13.01% | 10.72% | 14.48% |
Revenue per Share |
14.90 | 13.91 | 13.48 | 9.57 | 7.50 | 9.33 | 9.68 | 9.02 | 8.08 | 7.69 |
Operating CF per Share |
3.73 | 3.82 | 2.95 | 5.68 | 3.51 | 3.59 | 3.58 | 2.97 | 3.04 | 4.31 |
Capex per Share |
(0.22) | (0.30) | (0.41) | (0.42) | (0.35) | (0.36) | (0.42) | (0.39) | (0.31) | (0.70) |
Free Cash Flow per Share |
3.51 | 3.52 | 2.54 | 5.26 | 3.17 | 3.24 | 3.16 | 2.57 | 2.72 | 3.61 |
Cash per Share |
10.42 | 6.71 | 6.16 | 4.17 | 6.80 | 4.68 | 3.67 | 5.24 | 5.21 | 4.67 |
Shareholders Equity per Share |
30.14 | 30.31 | 27.83 | 26.92 | 26.69 | 26.74 | 24.43 | 22.59 | 21.46 | 20.78 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
30.14 | 30.31 | 27.83 | 26.92 | 26.69 | 26.74 | 24.43 | 22.59 | 21.46 | 20.78 |
Free Cash Flow |
579.32 | 535.26 | 380.93 | 783.86 | 477.27 | 495.14 | 506.80 | 430.71 | 411.00 | 537.50 |
Working Capital |
(3,584.23) | (4,415.55) | (4,243.81) | (1,510.39) | (3,981.63) | (2,095.39) | (1,260.85) | (1,805.88) | (2,174.35) | (2,694.71) |
Capital Expenditures |
(36.37) | (44.99) | (61.81) | (62.71) | (52.28) | (54.88) | (67.46) | (65.85) | (47.37) | (103.88) |
Net Current Asset Value |
(7,487.87) | (7,145.77) | (6,760.05) | (6,117.10) | (5,891.78) | (4,325.36) | (5,013.07) | (6,175.86) | (5,855.80) | (5,456.50) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.02 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.09 |
Price to Operating Income |
7.36 | 27.01 | 15.83 | 7.52 | 7.81 | 8.20 | 8.70 | 7.56 | 11.31 | 12.91 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.36 | 0.35 | 0.32 | 0.22 | 0.27 | 0.27 | 0.29 | 0.27 | 0.35 | 0.34 |
Cash ROIC |
5.49% | 6.44% | 5.03% | 8.52% | 6.90% | 7.08% | 6.15% | 4.77% | 5.33% | 8.21% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.03 | 0.03 | 0.03 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
13,355.86 | 11,759.36 | 13,291.33 | 57,559.40 | 143,642.64 | 64,491.00 | 25,759.66 | 33,098.95 | 57,205.87 | 94,777.68 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
35,100.52 | 34,047.24 | 31,541.10 | 29,051.29 | 27,474.46 | 25,130.77 | 24,338.23 | 23,841.68 | 22,337.21 | 21,448.06 |
Average Assets |
44,112.84 | 42,019.47 | 40,210.80 | 37,254.99 | 34,262.02 | 32,903.13 | 33,000.80 | 32,049.36 | 29,811.45 | 28,425.58 |
Average Common Equity |
4,596.34 | 4,195.66 | 3,900.62 | 3,826.52 | 3,784.54 | 3,701.41 | 3,594.79 | 3,300.84 | 3,004.45 | 2,873.63 |
Columns are period end dates