Associated Banc-Corp financials
$28.68−0.97%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.46B | $2.11B | $2.02B | $1.43B | $1.13B | $1.43B | $1.55B | $1.51B | $1.22B | $1.14B |
| Gross profit | $1.49B | $1.04B | $1.10B | $1.24B | $1.06B | $1.28B | $1.22B | $1.24B | $1.07B | $1.06B |
| Gross margin | 60.5% | 49.1% | 54.6% | 86.8% | 93.6% | 89.5% | 78.3% | 81.8% | 88.1% | 92.6% |
| Operating income | $577.9M | $134.5M | $206.1M | $459.6M | $436.3M | $327.0M | $406.5M | $413.3M | $338.8M | $287.6M |
| Net income | $463.3M | $111.6M | $171.5M | $354.6M | $333.9M | $286.4M | $309.5M | $322.8M | $219.9M | $191.4M |
| Net margin | 18.8% | 5.3% | 8.5% | 24.8% | 29.5% | 20.1% | 19.9% | 21.4% | 18.0% | 16.7% |
| Diluted EPS | $2.77 | $0.72 | $1.13 | $2.34 | $2.18 | $1.86 | $1.91 | $1.89 | $1.42 | $1.27 |
| EBITDA | $577.9M | $134.5M | $206.1M | $459.6M | $436.3M | $327.0M | $406.5M | $413.3M | $338.8M | $287.6M |
| Operating cash flow | $615.7M | $580.2M | $442.7M | $846.6M | $529.6M | $550.0M | $574.3M | $496.6M | $458.4M | $641.4M |
| Free cash flow | $579.3M | $535.3M | $380.9M | $783.9M | $477.3M | $495.3M | $506.8M | $430.7M | $411.0M | $537.5M |
| Diluted shares | 166.6M | 153.3M | 150.9M | 150.5M | 152.0M | 153.6M | 161.9M | 169.7M | 153.6M | 150.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $574.7M | $544.1M | $484.4M | $437.0M | $343.8M | $416.2M |
| Short-term investments | $10.66B | $9.26B | $8.43B | $7.48B | $7.73B | $5.74B |
| Total debt | $4.17B | $3.16B | $2.48B | $4.59B | $1.66B | $2.24B |
| Total assets | $45.20B | $43.02B | $41.02B | $39.41B | $35.10B | $33.42B |
| Total liabilities | $40.23B | $38.42B | $36.84B | $35.39B | $31.08B | $29.33B |
| Shareholders' equity | $4.98B | $4.61B | $4.17B | $4.02B | $4.02B | $4.09B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology