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

Associated Banc-Corp (ASB) Free cash flow margin

Alert me on Free cash flow margin

Associated Banc-Corp's free cash flow margin over the twelve months to 30 September 2026 was 32.1%, up 8.6 percentage points from fiscal 2025 (23.6%). Over the past ten years it has ranged from 18.9% (fiscal 2023) to 54.9% (fiscal 2022); the current reading is higher than 27% of that period. That is above the Banks Regional industry median of 18.0% and above the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 23.6% (1.77)
FY2024 25.3% 6.48
FY2023 18.9% (36.06)
FY2022 54.9% 12.69
FY2021 42.2% 7.52
FY2020 34.7% 2.08
FY2019 32.6% 4.09
FY2018 28.5% (5.18)
FY2017 33.7% (13.26)
FY2016 47.0% 24.20

Against its own ten years

Low 18.9% High 54.9%
Ten-year median 32.6%
Current reading's percentile 27

Free cash flow margin against peers

Company Free cash flow margin
ASB Associated Banc-Corp 32.1%
AUB Atlantic Union Bankshares Corporation compare 25.0%
AX AXOS FINANCIAL, INC compare 18.4%
IFS Intercorp Financial Services Inc. compare 0.00%
EBC Eastern Bankshares, Inc. compare 0.00%
HWC Hancock Whitney Corporation compare 0.00%
OZK Bank OZK compare 0.00%
ABCB Ameris Bancorp compare 0.00%
HOMB Home BancShares, Inc. compare 0.00%
Banks Regional industry median 18.0%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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