NYSE : ASB

Associated Banc-Corp — Financial statements

Financials · Banks - Regional · United States

Last price 30.53 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.60B

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Interest Income on Loans1.90B1.78B1.83B1.72B992.64M693.73M
Interest Income on Investments433.65M390.37M292.46M237.65M152.61M104.46M
Total Interest Income2.33B2.17B2.12B1.96B1.15B798.19M
Interest Paid on Deposits782.42M803.92M901.80M673.62M98.31M18.62M
Interest Paid on Borrowings182.38M167.69M173.65M244.85M89.62M53.71M
Total Interest Expense964.80M971.61M1.08B918.48M187.93M72.33M
Net Interest Income1.36B1.20B1.05B1.04B957.32M725.86M
Trust Income103.34M96.58M92.57M82.50M84.12M89.85M
Mortgage Banking Activities13.58M14.50M10.69M19.43M18.87M50.75M
Gain (Loss) on Sale of Assets5.14M1.56M-1.04M454.00K1.34M12.05M
Gain (Loss) on Sale of Investments-4.00K-6.93M-274.55M-195.14M3.75M-16.00K
Other Non-Interest Income140.18M127.03M111.29M106.89M111.98M115.32M
Total Non-Interest Income322.77M286.40M-9.41M63.18M282.37M332.36M
Revenues Before Loan Losses1.69B1.49B1.04B1.10B1.24B1.06B
Provision for Loan Losses51.39M54.00M84.99M83.02M33.00M-88.01M
Revenue1.64B1.43B952.86M1.02B1.21B1.15B
Salaries and Employee Benefits567.08M503.62M469.06M451.06M438.10M410.69M
Federal Deposit Insurance37.82M36.71M38.44M67.07M22.65M18.15M
Amortization of Goodwill & Intangibles18.19M8.81M8.81M8.81M8.81M8.84M
Selling, General & Administrative307.21M259.81M249.26M244.50M229.90M225.38M
Other Non-Interest Expense33.92M38.41M44.36M36.84M41.67M38.72M
Total Non-Interest Expense970.85M855.64M818.40M813.68M747.06M709.92M
EBT Excluding Unusual Items664.99M577.91M134.46M206.05M459.63M436.31M
Pretax Income664.99M577.91M134.46M206.05M459.63M436.31M
Income Tax Expense138.07M103.13M11.31M23.10M93.51M85.31M
Net Income526.91M474.78M123.14M182.96M366.12M350.99M
Preferred Dividends & Other Adjustments13.78M13.78M12.19M12.53M13.71M19.48M
Net Income to Common513.14M461.00M110.96M170.42M352.41M331.51M
Basic Shares Outstanding176.31M165.08M151.93M149.97M149.16M150.77M
Diluted Shares Outstanding177.97M166.61M153.35M150.86M150.50M151.99M
EPS (Basic)2.912.790.731.142.362.20
EPS (Diluted)2.892.770.721.132.342.18
Dividend Per Share0.960.930.890.850.810.76
Effective Tax Rate20.76%17.85%8.41%11.21%20.34%19.55%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents644.62M1.72B1.02B923.82M464.76M1.03B
Investment Securities4.72B3.97B2.06B2.25B2.70B2.67B
Trading Asset Securities19.29M31.95M32.98M33.34M111.00K
Mortgage-Backed Securities6.20B5.30B6.55B5.51B4.46B4.22B
Total Investments10.92B9.28B8.63B7.79B7.19B6.88B
Gross Loans36.52B31.16B29.77B29.22B28.80B24.22B
Allowance for Loan Losses-441.12M-378.07M-363.55M-351.09M-312.72M-280.01M
Net Loans36.08B30.79B29.41B28.87B28.49B23.94B
Property, Plant & Equipment447.11M381.62M379.09M373.35M377.36M385.32M
Goodwill1.15B1.10B1.10B1.10B1.10B1.10B
Other Intangible Assets110.06M22.85M31.66M40.47M49.28M58.09M
Loans Held for Sale66.77M72.50M679.32M123.31M20.38M136.64M
Accrued Interest Receivable183.59M161.12M167.77M169.57M144.45M80.53M
Long-Term Deferred Tax Assets252.57M250.13M229.34M238.04M148.76M
Other Real Estate Owned & Foreclosed19.27M28.77M20.90M11.43M15.00M29.62M
Other Long-Term Assets1.79B1.24B1.24B1.24B1.10B1.22B
Total Assets51.40B45.20B43.02B41.02B39.41B35.10B
Accrued Expenses676.92M172.09M312.70M325.93M317.80M90.55M
Interest Bearing Deposits33.47B28.59B28.12B26.80B21.59B19.75B
Institutional Deposits834.31M757.67M523.00M282.00M215.00M
Non-Interest Bearing Deposits6.91B6.13B5.78B6.12B7.76B8.50B
Total Deposits40.38B35.55B34.65B33.45B29.64B28.47B
Short-Term Borrowings266.33M3.16B1.72B1.07B3.73B356.38M
Current Portion of Long-Term Debt204.28M
Current Portion of Leases5.30M
Long-Term Debt589.17M594.28M837.34M540.89M247.60M249.16M
Federal Home Loan Bank Debt, Long-Term3.96B208.56M603.81M1.20B1.19B1.62B
Long-Term Leases33.83M35.89M27.69M28.83M31.51M
Long-Term Deferred Tax Liabilities226.97M188.44M171.21M154.19M143.54M
Other Long-Term Liabilities49.74M64.38M69.08M62.61M79.78M120.78M
Total Liabilities45.92B40.23B38.42B36.84B35.39B31.08B
Preferred Stock, Redeemable194.11M194.11M194.11M194.11M194.11M193.19M
Common Stock5.28B1.89M1.89M1.75M1.75M1.75M
Additional Paid-In Capital2.05B2.05B1.71B1.71B1.71B
Retained Earnings3.23B2.92B2.95B2.90B2.67B
Treasury Stock-490.25M-482.63M-512.42M-525.19M-546.23M
Comprehensive Income & Other-7.57M-74.42M-171.10M-272.80M-10.32M
Total Common Equity5.28B4.78B4.41B3.98B3.82B3.83B
Shareholders' Equity5.48B4.98B4.61B4.17B4.02B4.02B
Total Liabilities & Equity51.40B45.20B43.02B41.02B39.41B35.10B
Total Debt4.82B4.21B3.20B2.84B5.20B2.26B
Net Cash (Debt)-3.19B-2.47B-2.15B-1.88B-4.55B-1.23B
Net Cash Per Share-17.92-14.83-14.00-12.46-30.22-8.11
Filing Date Shares Outstanding183.32M163.60M163.94M148.74M147.88M146.95M
Total Common Shares Outstanding183.32M163.61M163.87M148.69M147.78M146.69M
Book Value Per Share28.8129.2226.9226.7725.8626.12
Tangible Book Value4.02B3.65B3.27B2.83B2.67B2.67B
Tangible Book Value Per Share21.9522.3319.9819.0618.0518.19

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income474.78M123.14M182.96M366.12M350.99M
Depreciation & Amortization59.17M57.66M55.80M53.90M55.35M
Gain (Loss) on Sale of Assets-1.56M1.04M-454.00K-1.34M-12.05M
Gain (Loss) on Sale of Investments144.33M64.86M1.67M16.00K
Provision for Credit Losses54.00M84.99M83.02M33.00M-88.01M
Net Decrease (Increase) in Loans Originated / Sold - Operating-20.00M-33.11M-28.13M114.92M25.23M
Change in Trading Asset Securities120.42M
Accrued Interest Receivable6.65M1.80M-25.12M-63.92M9.73M
Change in Income Taxes67.98M-36.75M-77.85M40.61M-6.18M
Change in Other Net Operating Assets-68.94M49.67M-73.25M257.94M90.85M
Other Operating Activities12.23M9.65M4.69M12.42M17.88M
Operating Cash Flow615.69M580.25M442.74M846.57M529.55M
Capital Expenditures-36.37M-44.99M-61.81M-62.71M-52.28M
Investment in Securities-652.29M-925.28M-749.83M-518.37M-1.76B
Divestitures2.42M
Net Decrease (Increase) in Loans Originated / Sold - Investing-885.04M-1.33B-702.03M-4.58B198.63M
Other Investing Activities-51.10M85.88M77.41M-94.30M27.11M
Investing Cash Flow-1.62B-2.22B-1.44B-5.25B-1.58B
Short-Term Debt Issued1.61B653.59M3.38B101.95M
Long-Term Debt Issued413.82M301.46M294.11M2.08M6.95M
Total Debt Issued2.02B955.04M294.11M3.38B108.90M
Short-Term Debt Repaid-162.50M-2.66B
Long-Term Debt Repaid-861.55M-615.34M-685.00K-413.56M-319.40M
Total Debt Repaid-1.02B-615.34M-2.66B-413.56M-319.40M
Net Debt Issued (Repaid)995.02M339.70M-2.37B2.97B-210.51M
Issuance of Common Stock6.89M368.60M4.30M11.06M25.70M
Repurchase of Common Stock-29.02M-24.52M-6.59M-6.48M-137.80M
Preferred Share Repurchases-164.46M
Common Dividends Paid-155.77M-139.20M-129.53M-123.14M-116.06M
Preferred Dividends Paid-11.50M-11.50M-11.50M-11.50M-17.11M
Total Dividends Paid-167.27M-150.70M-141.03M-134.64M-133.17M
Net Increase (Decrease) in Deposit Accounts904.17M1.20B3.81B1.17B1.98B
Other Financing Activities-52.00K-938.00K-939.00K-2.00K
Financing Cash Flow1.71B1.73B1.30B4.00B1.36B
Net Cash Flow700.62M95.78M302.37M-404.06M309.47M
Free Cash Flow579.32M535.26M380.93M783.86M477.27M
Free Cash Flow Margin40.41%56.17%37.35%64.96%41.64%
Free Cash Flow Per Share3.483.492.525.213.14
Cash Interest Paid988.32M1.08B838.83M174.68M81.60M
Cash Income Tax Paid1.52M17.75M69.42M18.39M57.73M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization5.71B4.21B3.89B3.18B3.41B3.33B
Last Close Price31.1325.1122.4519.3219.8818.76
PE Ratio10.769.1435.0518.659.6810.04
PS Ratio3.492.944.083.122.832.90
PB Ratio1.080.850.840.760.850.83
P/FCF Ratio8.407.277.268.354.356.98
P/OCF Ratio7.946.846.707.184.036.29
Debt / Equity Ratio0.880.850.690.681.300.56
Debt / FCF Ratio7.275.987.456.644.73
Net Debt / Equity Ratio0.580.500.470.451.130.31
Net Debt / FCF Ratio4.274.014.935.802.58
Return on Equity (ROE)10.19%9.91%2.80%4.47%9.11%8.65%
Return on Assets (ROA)1.10%1.08%0.29%0.46%0.98%1.02%
Earnings Yield9.29%11.27%3.17%5.75%10.74%10.54%
FCF Yield11.90%13.75%13.76%11.98%22.98%14.33%
Dividend Yield3.21%3.61%3.75%3.98%3.51%3.35%
Payout Ratio34.57%35.23%122.37%77.09%36.77%37.94%
Buyback Yield / Dilution-7.96%-8.65%-1.65%-0.24%0.98%1.08%
Total Shareholder Return-4.75%-5.04%2.10%3.73%4.49%4.42%