Associated Banc-Corp (ASB) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Associated Banc-Corp had a P/E ratio of 9.14 (down from 35.05), return on equity of 9.9% (up from 2.8%), debt-to-equity of 0.85 (up from 0.69) and return on assets of 1.1% (up from 0.3%). Its dividend yield was 3.61% with a payout ratio of 35.2%.

Associated Banc-Corp Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	9.14	35.05	18.65	9.68	10.04	9.00
Forward P/E	9.28	10.70	10.25	9.40	14.31	14.76
P/S Ratio	2.94	4.08	3.12	2.83	2.90	2.30
P/B Ratio	0.85	0.84	0.76	0.85	0.83	0.63
Price/Tangible Book	1.15	1.19	1.12	1.28	1.25	1.01
Price/FCF	7.27	7.26	8.35	4.35	6.98	5.21
Price/OCF	6.84	6.70	7.18	4.03	6.29	4.69
PEG Ratio	0.73	1.71	1.28	1.17	2.38	1.97
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	9.91%	2.81%	4.47%	9.11%	8.65%	7.66%
Return on Assets (ROA)	1.08%	0.29%	0.46%	0.98%	1.02%	0.93%
Leverage & Solvency Ratios
Debt/Equity	0.85	0.69	0.68	1.30	0.56	0.60
Debt/FCF	7.27	5.98	7.45	6.64	4.73	4.99
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	11.27%	3.17%	5.76%	10.74%	10.54%	11.90%
FCF Yield	13.75%	13.76%	11.98%	22.99%	14.33%	19.21%
Dividend Yield	3.61%	3.75%	3.98%	3.51%	3.35%	5.13%
Payout Ratio	35.23%	122.37%	77.09%	36.77%	37.94%	42.50%
Buyback Yield	-8.65%	-1.65%	-0.24%	0.98%	1.08%	5.12%
Total Return	-5.04%	2.10%	3.73%	4.49%	4.43%	10.25%

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Associated Banc-Corp Financial Ratios

What is Associated Banc-Corp's P/E ratio?

Associated Banc-Corp's P/E ratio was 9.14 for fiscal 2025 (period ended Dec 31, 2025). It was 35.05 a year earlier.

What is Associated Banc-Corp's return on equity?

Associated Banc-Corp's return on equity (ROE) was 9.9% for fiscal 2025 (period ended Dec 31, 2025). It was 2.8% a year earlier.

What is Associated Banc-Corp's debt-to-equity ratio?

Associated Banc-Corp's debt-to-equity ratio was 0.85 for fiscal 2025 (period ended Dec 31, 2025). It was 0.69 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition