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Associated Banc-corp vs Banc Of California

Banc Of California is the larger business, with $1.82bn of revenue in fiscal 2025 against $1.49bn for Associated Banc-corp (1.2 times as much). Associated Banc-corp grew faster (43.3% against -3.8%). Associated Banc-corp kept more of each dollar of sales as profit: a net margin of 31.9% against 12.6%.

Latest fiscal yearAssociated Banc-corpASB, 2025Banc Of CaliforniaBANC, 2025
Revenue $1.49bn $1.82bn
Revenue growth 43.3% -3.8%
Net income $475m $229m
Operating margin — —
Net margin 31.9% 12.6%
Return on equity 9.9% 6.5%
Free cash flow — $235m
Cash $1.72bn $2.31bn
Total debt $4.17bn $2.30bn
Debt to equity — —
Dividend per share $0.93 —
Dividend yield 3.0% 2.4%
Share buybacks — $0
Employees 4,000 1,904
Market value $5.76bn $2.82bn
Price vs our value range — —
Moat score 58 (Moderate) 18 (Weak)
Insider trades, 12 months 0 buys, 28 sales 2 buys, 13 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.