Associated Banc-Corp (ASBA) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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ASBA Revenue Growth
Revenue Breakdown (FY 2024)
ASBA's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
ASBA Revenue Analysis (2013–2024)
As of May 8, 2026, Associated Banc-Corp (ASBA) generated trailing twelve-month (TTM) revenue of $1.28 billion, reflecting explosive growth of +80.3% year-over-year. The most recent quarter (Q3 2025) recorded $556.6 million in revenue, up 59.5% sequentially.
Looking at the longer-term picture, ASBA's 5-year compound annual growth rate (CAGR) stands at -4.5%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.23 billion in 2018.
Revenue diversification analysis shows ASBA's business is primarily driven by Credit and Debit Card (71%), and Financial Service, Other (29%). 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, IBCP, and FULT. Compare ASBA vs WTFC →
ASBA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ASBACurrent | $1.3B | +80.3% | -4.5% | 24.6% | |
 WTFC | $4.2B | - | - | 26.4% | |
 IBCP | $315M | - | - | 25.8% | |
 FULT | $1.9B | - | - | 25.7% | |
 UMBF | $4.4B | - | - | 20.3% | |
 WSFS | $1.4B | - | - | 28.0% |
ASBA Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $952.9M | - | $952.9M | 100.0% | $234.5M | 24.6% |
| 2023 | $1.02B | - | $1.96B | 192.0% | $324.2M | 31.8% |
| 2022 | $1.21B | - | $1.20B | 99.2% | $497.0M | 41.2% |
| 2021 | $1.15B | - | $1.13B | 98.6% | $471.4M | 41.1% |
| 2020 | $1.12B | - | $1.12B | 100.0% | $432.5M | 38.6% |
| 2019 | $1.20B | - | $1.20B | 100.0% | $441.6M | 36.8% |
| 2018 | $1.23B | - | $1.23B | 100.0% | $487.4M | 39.5% |
| 2017 | $1.05B | - | $1.05B | 100.0% | $379.3M | 36.2% |
| 2016 | $990.2M | - | $990.2M | 100.0% | $329.3M | 33.3% |
| 2015 | $968.1M | - | $968.1M | 100.0% | $304.3M | 31.4% |
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Start ComparisonASBA — Frequently Asked Questions
Quick answers to the most common questions about buying ASBA stock.
Is ASBA's revenue growth accelerating or slowing?
ASBA revenue is accelerating at +80.3% year-over-year, exceeding the 5-year CAGR of -4.5%. TTM revenue reached $1.3B. Growth momentum has increased versus prior periods.
What is ASBA's long-term revenue growth rate?
Associated Banc-Corp's 5-year revenue CAGR of -4.5% reflects the sustained expansion pattern. Current YoY growth of +80.3% is above this long-term average.
How is ASBA's revenue distributed by segment?
ASBA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.