Associated Banc-Corp (ASB) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ASB Revenue Growth
Revenue Breakdown (FY 2025)
ASB's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ASB Revenue Analysis (2014–2025)
As of May 8, 2026, Associated Banc-Corp (ASB) generated trailing twelve-month (TTM) revenue of $2.45 billion, reflecting explosive growth of +94.9% year-over-year. The most recent quarter (Q4 2025) recorded $623.7 million in revenue, down 2.0% sequentially.
Looking at the longer-term picture, ASB's 5-year compound annual growth rate (CAGR) stands at +11.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.46 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows ASB's business is primarily driven by Credit and Debit Card (69%), and Financial Service, Other (31%). With over half of revenue concentrated in Credit and Debit Card, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including WTFC, FHN, and BOKF. Compare ASB vs WTFC →
ASB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ASBCurrent | $2.5B | +94.9% | +11.8% | 23.5% | |
 WTFC | $4.2B | - | - | 26.4% | |
 FHN | $5.0B | - | - | 25.7% | |
 BOKF | $3.4B | - | - | 19.8% | |
 UMBF | $4.4B | - | - | 20.3% | |
 IBCP | $315M | - | - | 25.8% |
ASB Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.46B | - | $1.43B | 58.3% | $577.9M | 23.5% |
| 2024 | $2.10B | - | $944.4M | 44.9% | $134.5M | 6.4% |
| 2023 | $2.02B | - | $1.01B | 50.3% | $206.1M | 10.2% |
| 2022 | $1.42B | - | $1.20B | 84.5% | $459.6M | 32.3% |
| 2021 | $1.12B | - | $1.14B | 101.4% | $436.3M | 38.9% |
| 2020 | $1.41B | - | $1.08B | 77.0% | $327.0M | 23.2% |
| 2019 | $1.54B | - | $1.19B | 77.1% | $406.5M | 26.3% |
| 2018 | $1.50B | - | $1.23B | 81.7% | $413.3M | 27.5% |
| 2017 | $1.21B | - | $1.04B | 85.9% | $338.8M | 28.0% |
| 2016 | $1.14B | - | $990.2M | 86.5% | $287.6M | 25.1% |
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Start ComparisonASB — Frequently Asked Questions
Quick answers to the most common questions about buying ASB stock.
Is ASB's revenue growth accelerating or slowing?
ASB revenue is accelerating at +94.9% year-over-year, exceeding the 5-year CAGR of +11.8%. TTM revenue reached $2.5B. Growth momentum has increased versus prior periods.
What is ASB's long-term revenue growth rate?
Associated Banc-Corp's 5-year revenue CAGR of +11.8% reflects the sustained expansion pattern. Current YoY growth of +94.9% is above this long-term average.
How is ASB's revenue distributed by segment?
ASB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.