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Associated Banc-Corp ASB Q4 2025 Annual earnings

Reported January 22, 2026 · After market close

Revenue$389.4MBeat by $7.0M
EPS$0.80Beat by $0.11
Revenue estimate$382.4M
EPS estimate$0.69

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$462.5M
EPS estimate$0.76

Financials

Q4 2025

Income statement

See full
Revenue$389.4M+513%
Net income$137.1M—
EPS (diluted)$0.81—

Balance sheet

See full
Total debt$4.2B+30.4%
Total equity$5.0B+8.0%
Total assets$45.2B+5.1%

Cash flow

See full
Operating cash flow$218.1M+5.3%
CapEx$7.8M-41.4%
Free cash flow$210.3M+8.5%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$4.27B+8.4%
Enterprise value$8.44B+18.2%
P/E9×—
P/S2.9×-0.9×

Profitability

See full
Net margin31.9%—
FCF margin38.9%-12.6pp

Returns & leverage

See full
Return on equity9.9%—
Debt / equity0.8×+0.1×

Segments

By product

See full
Credit and Debit Card$12.7M+6.1%
Financial Service, Other$5.6M+7.2%

Versus estimates

Revenue

Q2 2026$450.4MBeat by $12.4MQ1 2026$383.0MMiss by $1.4M
Q4 2025$389.4MBeat by $7.0M
Q3 2025$384.8MBeat by $7.4MQ2 2025$349.0MMiss by $21.3MQ1 2025$342.1MMiss by $5.7M

Diluted EPS

Q2 2026$0.66Miss by $0.06Q1 2026$0.70Beat by $0.01
Q4 2025$0.80Beat by $0.11
Q3 2025$0.73Beat by $0.05Q2 2025$0.65Beat by $0.03Q1 2025$0.59Beat by $0.01

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Questions, answered.

When did Associated Banc-Corp report Q4 2025 earnings?
Associated Banc-Corp (ASB) reported Q4 2025 earnings on January 22, 2026 after market close.
What were Associated Banc-Corp's Q4 2025 revenue and EPS?
Associated Banc-Corp reported revenue of $389.4M and eps of $0.80 for Q4 2025.
Did Associated Banc-Corp beat estimates in Q4 2025?
Revenue beat the consensus estimate of $382.4M by $7.0M. EPS beat the consensus estimate of $0.69 by $0.11.
How did Associated Banc-Corp's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 21.7% from $320.0M a year earlier and eps grew 40.4% from $0.57.
Where can I find Associated Banc-Corp's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000007789-26-000013) and the 10-K periodic report (0000007789-26-000071) directly on SEC EDGAR. The filing index links above go to sec.gov.