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) Return on invested capital

Alert me on Return on invested capital

Associated Banc-Corp's return on invested capital over the twelve months to 30 September 2026 was 4.95%, down 0.1 percentage points from fiscal 2025 (5.07%). Over the past ten years it has ranged from 1.34% (fiscal 2024) to 5.60% (fiscal 2021); the current reading is higher than 91% of that period. That is below the Banks Regional industry median of 8.45% and above the Financial sector median of 4.70%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 5.07% 3.73
FY2024 1.34% (0.91)
FY2023 2.25% (1.36)
FY2022 3.61% (1.99)
FY2021 5.60% 1.92
FY2020 3.68% 0.08
FY2019 3.60% (0.20)
FY2018 3.80% 0.35
FY2017 3.45% (0.03)
FY2016 3.48% 0.18

Against its own ten years

Low 1.34% High 5.60%
Ten-year median 3.60%
Current reading's percentile 91

Return on invested capital against peers

Company Return on invested capital
AX AXOS FINANCIAL, INC compare 17.2%
HOMB Home BancShares, Inc. compare 9.54%
OZK Bank OZK compare 8.73%
AUB Atlantic Union Bankshares Corporation compare 8.66%
HWC Hancock Whitney Corporation compare 8.54%
ABCB Ameris Bancorp compare 7.69%
EBC Eastern Bankshares, Inc. compare 7.66%
ASB Associated Banc-Corp 4.95%
IFS Intercorp Financial Services Inc. compare 0.00%
Banks Regional industry median 8.45%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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