ASB Associated Banc-Corp margins

Relative Growth: Rel. Growth: 94

Relative Strength: Rel. Strength: 66

Relative Valuation: Rel. Valuation: 87

Relative Profitability: Rel. Profitability: 92

Gross margin

100%

Operating margin

40.7%

EBITDA margin

43.7%

Net margin

32.2%

Using the latest TTM figures, Associated Banc-Corp shows a gross margin of 100%, an operating margin of 40.7%, an EBITDA margin of 43.7%, and a net margin of 32.2%. Operating margin led the available margin gains with 17.8 percentage points, while the other margins were unchanged.

ASB margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Associated Banc-Corp recorded average margins of 100% gross, 25.85% operating, 29.7% EBITDA, and 21.69% net. Associated Banc-Corp's current performance shows that operating, EBITDA, and net margins are above their three-year averages.

ASB margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 17.8 percentage points, EBITDA margin by 17.5 percentage points, and net margin by 16.2 percentage points. Gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

17.8pp

EBITDA margin expansion

17.5pp

Net margin expansion

16.2pp

ASB Gross margin

Across the last 3 years, Associated Banc-Corp's gross margin averaged 100%. The current gross margin stands at 100%, in line with its three-year average. Gross margin was highest at 100% in Sep 2026 and lowest at 100% in Dec 2023.

ASB Operating margin

Over the last 3 years, the average operating margin for Associated Banc-Corp was 25.85%. Associated Banc-Corp's current operating margin is 40.7% and is 14.9 percentage points above its three-year average. Associated Banc-Corp's operating margin ranged from a low of 15.6% in Dec 2024 to a high of 41.4% in Mar 2026.

ASB EBITDA margin

Over the last 3 years, Associated Banc-Corp had an average EBITDA margin of 29.7%. Against its three-year average, Associated Banc-Corp's EBITDA margin is currently 43.7%, 14 percentage points above its three-year average. Looking back over the last 3 years, Associated Banc-Corp's EBITDA margin reached 44.7% at its highest point in Mar 2026 and 19.2% at its lowest in Dec 2024.

ASB Net margin

Over the last 3 years, Associated Banc-Corp's net margin averaged 21.69%. Right now, Associated Banc-Corp's current net margin is 32.2%, which is 10.5 percentage points above its three-year average. During this period, net margin reached a high of 33.4% in Mar 2026 and a low of 12.9% in Dec 2024.

ASB margin group comparison

Margins compared with peer-group, industry and sector averages

Associated Banc-Corp's gross margin of 100% is above the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 83.4%, Associated Banc-Corp's gross margin is 20% higher.

ASB margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Associated Banc-Corp's gross margin?

For the period ending Sep 30, 2026, ASB recorded a gross margin of 100%.

What is Associated Banc-Corp's operating margin?

For the period ending Sep 30, 2026, ASB recorded an operating margin of 40.7%.

What is Associated Banc-Corp's EBITDA margin?

The current EBITDA margin for ASB is 43.7% as of Sep 30, 2026.

What is Associated Banc-Corp's net margin?

The current net margin for ASB is 32.2% as of Sep 30, 2026.

What are the average margins of ASB?

Looking back over 3 years, ASB recorded average margins of 100.0% gross, 25.9% operating, 29.7% EBITDA, and 21.7% net.

What are the highest historical margins of ASB?

In the last 5 years, the highest margins reported by ASB were 100% gross in Sep 2026, 41.4% operating in Mar 2026, 44.7% EBITDA in Mar 2026, and 33.4% net in Mar 2026.

What are the lowest historical margins of ASB?

Across the 5-year period, ASB posted its lowest margins at 100% gross in Dec 2021, 15.6% operating in Dec 2024, 19.2% EBITDA in Dec 2024, and 12.9% net in Dec 2024.