Associated Banc-corp vs FNB
FNB is the larger business, with $1.76bn 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 10.6%). FNB kept more of each dollar of sales as profit: a net margin of 32.0% against 31.9%.
| Latest fiscal year | Associated Banc-corpASB, 2025 | FNBFNB, 2025 |
|---|---|---|
| Revenue | $1.49bn | $1.76bn |
| Revenue growth | 43.3% | 10.6% |
| Net income | $475m | $565m |
| Operating margin | — | — |
| Net margin | 31.9% | 32.0% |
| Return on equity | 9.9% | 8.7% |
| Free cash flow | — | $376m |
| Cash | $1.72bn | $2.50bn |
| Total debt | $4.17bn | $3.92bn |
| Debt to equity | — | — |
| Dividend per share | $0.93 | $0.48 |
| Dividend yield | 3.0% | 2.8% |
| Share buybacks | — | $50.0m |
| Employees | 4,000 | — |
| Market value | $5.76bn | $6.55bn |
| Price vs our value range | — | — |
| Moat score | 58 (Moderate) | 68 (Moderate) |
| Insider trades, 12 months | 0 buys, 28 sales | 0 buys, 4 sales |