ASSOCIATED BANC-CORP (ASB) FY2025 10-K Annual Report

Filed: Feb 12, 2026
Financials
State Commercial BanksSEC EDGAR

ASSOCIATED BANC-CORP (ASB) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

ASSOCIATED BANC-CORP FY2025 10-K Analysis

Business Overview

  • Core business: Regional commercial bank providing lending, deposit, fiduciary, and risk management services to businesses, consumers, and municipalities
  • Segment reorganization: Private wealth moved from Corporate and Commercial Specialty to Community, Consumer, and Business segment starting Q4 2024
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Management Discussion & Analysis

  • Revenue $1.49B total (net interest $1.2B + noninterest $286.4M), net interest income up 15% YoY (+$153.9M), noninterest income up $295.8M from -$9.4M in 2024
  • Operating margin improved: efficiency ratio 56.29% vs 67.64% in 2024; net interest margin 3.03% vs 2.78% in 2024
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Risk Factors

  • Legal risk from increased regulatory scrutiny on CRE lending by federal banking agencies, given $8.4B CRE loans at 27% of total portfolio
  • Geopolitical risk from U.S. trade tariffs imposed since 2025 against Canada, Mexico, China negatively affecting customers' margins and debt servicing
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ASSOCIATED BANC-CORP FY2025 Key Financial Metrics
XBRL

Revenue

$2.2B

+2.4% YoY

Net Income

$475M

+285.5% YoY

Net Margin

21.9%

+1605bp YoY

ROE

9.5%

+687bp YoY

Total Assets

$45.2B

+5.1% YoY

EPS (Diluted)

$2.77

+284.7% YoY

Operating Cash Flow

$616M

+6.1% YoY

Source: XBRL data from ASSOCIATED BANC-CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

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