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Friday 6 November 2026 Export ASB’s income statement to Excel — free account

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

30.62 0.73 −2.33%
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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Associated Banc-Corp (ASB) Debt to equity

Alert me on Debt to equity

Associated Banc-Corp's debt to equity at the end of the quarter to 30 September 2026 was 0.8×, up 0.1× from fiscal 2025 (0.8×). Over the past ten years it has ranged from 0.5× (fiscal 2021) to 1.2× (fiscal 2018); the current reading is higher than 45% of that period. That is above the Banks Regional industry median of 0.2× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.8× 32.84%
FY2024 0.6× (1.70%)
FY2023 0.6× (47.74%)
FY2022 1.1× 144.80%
FY2021 0.5× (12.88%)
FY2020 0.5× (43.92%)
FY2019 1.0× (17.71%)
FY2018 1.2× 1.64%
FY2017 1.1× 27.28%
FY2016 0.9× (1.94%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.8× (9.30%)
Jun 2026 0.9× 14.07%
Mar 2026 0.8× 3.47%
Dec 2025 0.8× (0.93%)
43 more quarters

Against its own ten years

Low 0.5× High 1.2×
Ten-year median 0.9×
Current reading's percentile 45

Debt to equity against peers

Company Debt to equity
EBC Eastern Bankshares, Inc. compare 0.0×
HWC Hancock Whitney Corporation compare 0.1×
HOMB Home BancShares, Inc. compare 0.1×
AUB Atlantic Union Bankshares Corporation compare 0.2×
OZK Bank OZK compare 0.2×
ABCB Ameris Bancorp compare 0.3×
AX AXOS FINANCIAL, INC compare 0.3×
IFS Intercorp Financial Services Inc. compare 0.6×
ASB Associated Banc-Corp 0.8×
Banks Regional industry median 0.2×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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