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Associated Banc-corp cash flow statement

In fiscal 2025, Associated Banc-corp's operations generated $616m of cash. It returned $156m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Associated Banc-corp: cash flow statement, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations122509310350478200301641458497574550530847443580616890
Depreciation and amortisation565834445050474547485851474547495049
Stock-based pay89111615161822211725221616171818—
Dividends paid6077405559626876106112112116123130139156171
Share buybacks1116212310900——————————
Shares issued047800—————————003310—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Associated Banc-corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Associated Banc-corp.