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Side-by-side financial comparison of ASSOCIATED BANC-CORP (ASB) and POPULAR, INC. (BPOP). Click either name above to swap in a different company.
POPULAR, INC. is the larger business by last-quarter revenue ($835.8M vs $383.0M, roughly 2.2× ASSOCIATED BANC-CORP). ASSOCIATED BANC-CORP runs the higher net margin — 31.2% vs 29.4%, a 1.8% gap on every dollar of revenue. Over the past eight quarters, POPULAR, INC.'s revenue compounded faster (25.1% CAGR vs 9.1%).
Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking and specialized financial services. Headquartered in Green Bay, Wisconsin, Associated is a Midwest bank with from more than 220 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas.
Popular, Inc., doing business as Banco Popular de Puerto Rico (BPPR) or simply as Banco Popular in Puerto Rico and the U.S. and British Virgin Islands, and as Popular Bank in the United States, is a full-service financial services conglomerate headquartered at Popular Center in the Milla de Oro financial district in the Hato Rey business center of San Juan, the capital municipality of the archipelago and island of Puerto Rico. Founded in 1893, it is the largest banking institution in Puerto R...
ASB vs BPOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $383.0M | $835.8M |
| Net Profit | $119.6M | $245.7M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 31.2% | 29.4% |
| Revenue YoY | — | — |
| Net Profit YoY | 566.6% | 38.4% |
| EPS (diluted) | $0.70 | $3.78 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $383.0M | $835.8M | ||
| Q4 25 | $310.0M | $657.6M | ||
| Q3 25 | $305.2M | $646.5M | ||
| Q2 25 | $300.0M | $631.5M | ||
| Q1 25 | $285.9M | — | ||
| Q4 24 | $270.3M | $590.8M | ||
| Q3 24 | $329.7M | $572.5M | ||
| Q2 24 | $321.8M | $568.3M |
| Q1 26 | $119.6M | $245.7M | ||
| Q4 25 | $137.1M | $233.9M | ||
| Q3 25 | $124.7M | $211.3M | ||
| Q2 25 | $111.2M | $210.4M | ||
| Q1 25 | $101.7M | — | ||
| Q4 24 | $-161.6M | $177.8M | ||
| Q3 24 | $88.0M | $155.3M | ||
| Q2 24 | $115.6M | $177.8M |
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 42.4% | ||
| Q3 25 | 50.5% | 38.2% | ||
| Q2 25 | 46.5% | 40.9% | ||
| Q1 25 | 42.3% | — | ||
| Q4 24 | -65.8% | 37.5% | ||
| Q3 24 | 32.8% | 34.5% | ||
| Q2 24 | 32.0% | 38.4% |
| Q1 26 | 31.2% | 29.4% | ||
| Q4 25 | 44.2% | 35.6% | ||
| Q3 25 | 40.9% | 32.7% | ||
| Q2 25 | 37.1% | 33.3% | ||
| Q1 25 | 35.6% | — | ||
| Q4 24 | -59.8% | 30.1% | ||
| Q3 24 | 26.7% | 27.1% | ||
| Q2 24 | 35.9% | 31.3% |
| Q1 26 | $0.70 | $3.78 | ||
| Q4 25 | $0.80 | $3.51 | ||
| Q3 25 | $0.73 | $3.14 | ||
| Q2 25 | $0.65 | $3.09 | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $-1.10 | $2.51 | ||
| Q3 24 | $0.56 | $2.16 | ||
| Q2 24 | $0.74 | $2.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $17.6M |
| Stockholders' EquityBook value | $5.0B | $6.3B |
| Total Assets | $45.6B | $76.1B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.6M | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $594.1M | — | ||
| Q2 25 | $593.5M | — | ||
| Q1 25 | $591.4M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $844.3M | — | ||
| Q2 24 | $536.1M | — |
| Q1 26 | $5.0B | $6.3B | ||
| Q4 25 | $5.0B | $6.2B | ||
| Q3 25 | $4.9B | $6.1B | ||
| Q2 25 | $4.8B | $6.0B | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.6B | $5.6B | ||
| Q3 24 | $4.4B | $5.8B | ||
| Q2 24 | $4.2B | $5.4B |
| Q1 26 | $45.6B | $76.1B | ||
| Q4 25 | $45.2B | $75.3B | ||
| Q3 25 | $44.5B | $75.1B | ||
| Q2 25 | $44.0B | $76.1B | ||
| Q1 25 | $43.3B | — | ||
| Q4 24 | $43.0B | $73.0B | ||
| Q3 24 | $42.2B | $71.3B | ||
| Q2 24 | $41.6B | $72.8B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
BPOP
| Net Interest Income | $670.2M | 80% |
| Noninterest Income | $165.6M | 20% |
