Associated Banc-Corp ASB NYSE

Associated Banc-Corp (ASB) generated $621.1M in operating cash flow for fiscal year 2025. After capital expenditures of $36.37M, free cash flow was $584.73M.

Free cash flow margin was 23.8% of revenue. Cash conversion ratio was 1.31x, indicating earnings are backed by cash.

The company returned $155.77M in dividends and $29.03M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (17/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (59/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (70/100) — Cash conversion ratio was 1.31x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 68/100 with 4/7 criteria passed.