Associated Banc-corp vs Axos Financial
Associated Banc-corp and Axos Financial are similar in size: $1.49bn and $1.48bn of revenue in their latest fiscal years. Associated Banc-corp grew faster (43.3% against 17.6%). Axos Financial kept more of each dollar of sales as profit: a net margin of 33.1% against 31.9%.
| Latest fiscal year | Associated Banc-corpASB, 2025 | Axos FinancialAX, 2026 |
|---|---|---|
| Revenue | $1.49bn | $1.48bn |
| Revenue growth | 43.3% | 17.6% |
| Net income | $475m | $490m |
| Operating margin | — | — |
| Net margin | 31.9% | 33.1% |
| Return on equity | 9.9% | 16.8% |
| Free cash flow | — | $291m |
| Cash | $1.72bn | $1.11bn |
| Total debt | $4.17bn | $577m |
| Debt to equity | — | — |
| Dividend per share | $0.93 | — |
| Dividend yield | 3.0% | — |
| Share buybacks | — | $22.0m |
| Employees | 4,000 | 2,191 |
| Market value | $5.78bn | $5.38bn |
| Price vs our value range | — | — |
| Moat score | 58 (Moderate) | 89 (Strong) |
| Insider trades, 12 months | 0 buys, 28 sales | 0 buys, 13 sales |