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Side-by-side financial comparison of ASSOCIATED BANC-CORP (ASB) and RBC Bearings INC (RBC). Click either name above to swap in a different company.

RBC Bearings INC is the larger business by last-quarter revenue ($461.6M vs $383.0M, roughly 1.2× ASSOCIATED BANC-CORP). ASSOCIATED BANC-CORP runs the higher net margin — 31.2% vs 14.6%, a 16.6% gap on every dollar of revenue. Over the past eight quarters, ASSOCIATED BANC-CORP's revenue compounded faster (9.1% CAGR vs 5.6%).

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.

Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...

ASB vs RBC — Head-to-Head

Bigger by revenue
RBC
RBC
1.2× larger
RBC
$461.6M
$383.0M
ASB
Higher net margin
ASB
ASB
16.6% more per $
ASB
31.2%
14.6%
RBC
Faster 2-yr revenue CAGR
ASB
ASB
Annualised
ASB
9.1%
5.6%
RBC

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ASB
ASB
RBC
RBC
Revenue
$383.0M
$461.6M
Net Profit
$119.6M
$67.4M
Gross Margin
44.3%
Operating Margin
22.3%
Net Margin
31.2%
14.6%
Revenue YoY
17.0%
Net Profit YoY
566.6%
16.4%
EPS (diluted)
$0.70
$2.13

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.

Revenue
ASB
ASB
RBC
RBC
Q1 26
$383.0M
Q4 25
$310.0M
$461.6M
Q3 25
$305.2M
$455.3M
Q2 25
$300.0M
$436.0M
Q1 25
$285.9M
$437.7M
Q4 24
$270.3M
$394.4M
Q3 24
$329.7M
$397.9M
Q2 24
$321.8M
$406.3M
Net Profit
ASB
ASB
RBC
RBC
Q1 26
$119.6M
Q4 25
$137.1M
$67.4M
Q3 25
$124.7M
$60.0M
Q2 25
$111.2M
$68.5M
Q1 25
$101.7M
$72.7M
Q4 24
$-161.6M
$57.9M
Q3 24
$88.0M
$54.2M
Q2 24
$115.6M
$61.4M
Gross Margin
ASB
ASB
RBC
RBC
Q1 26
Q4 25
44.3%
Q3 25
44.1%
Q2 25
44.8%
Q1 25
44.2%
Q4 24
44.3%
Q3 24
43.7%
Q2 24
45.3%
Operating Margin
ASB
ASB
RBC
RBC
Q1 26
Q4 25
52.6%
22.3%
Q3 25
50.5%
21.5%
Q2 25
46.5%
23.2%
Q1 25
42.3%
23.0%
Q4 24
-65.8%
21.7%
Q3 24
32.8%
21.6%
Q2 24
32.0%
24.0%
Net Margin
ASB
ASB
RBC
RBC
Q1 26
31.2%
Q4 25
44.2%
14.6%
Q3 25
40.9%
13.2%
Q2 25
37.1%
15.7%
Q1 25
35.6%
16.6%
Q4 24
-59.8%
14.7%
Q3 24
26.7%
13.6%
Q2 24
35.9%
15.1%
EPS (diluted)
ASB
ASB
RBC
RBC
Q1 26
$0.70
Q4 25
$0.80
$2.13
Q3 25
$0.73
$1.90
Q2 25
$0.65
$2.17
Q1 25
$0.59
$2.33
Q4 24
$-1.10
$1.82
Q3 24
$0.56
$1.65
Q2 24
$0.74
$1.90

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASB
ASB
RBC
RBC
Cash + ST InvestmentsLiquidity on hand
$107.6M
Total DebtLower is stronger
$990.2M
Stockholders' EquityBook value
$5.0B
$3.3B
Total Assets
$45.6B
$5.1B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASB
ASB
RBC
RBC
Q1 26
Q4 25
$107.6M
Q3 25
$91.2M
Q2 25
$132.9M
Q1 25
$36.8M
Q4 24
Q3 24
Q2 24
$76.8M
Total Debt
ASB
ASB
RBC
RBC
Q1 26
Q4 25
$1.0B
$990.2M
Q3 25
$594.1M
$1.1B
Q2 25
$593.5M
$915.6M
Q1 25
$591.4M
$920.1M
Q4 24
$1.4B
Q3 24
$844.3M
Q2 24
$536.1M
Stockholders' Equity
ASB
ASB
RBC
RBC
Q1 26
$5.0B
Q4 25
$5.0B
$3.3B
Q3 25
$4.9B
$3.2B
Q2 25
$4.8B
$3.1B
Q1 25
$4.7B
$3.0B
Q4 24
$4.6B
$2.9B
Q3 24
$4.4B
$2.9B
Q2 24
$4.2B
$2.8B
Total Assets
ASB
ASB
RBC
RBC
Q1 26
$45.6B
Q4 25
$45.2B
$5.1B
Q3 25
$44.5B
$5.1B
Q2 25
$44.0B
$4.8B
Q1 25
$43.3B
$4.7B
Q4 24
$43.0B
$4.7B
Q3 24
$42.2B
$4.7B
Q2 24
$41.6B
$4.7B
Debt / Equity
ASB
ASB
RBC
RBC
Q1 26
Q4 25
0.20×
0.30×
Q3 25
0.12×
0.34×
Q2 25
0.12×
0.29×
Q1 25
0.13×
0.30×
Q4 24
0.31×
Q3 24
0.19×
Q2 24
0.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASB
ASB
RBC
RBC
Operating Cash FlowLast quarter
$122.1M
Free Cash FlowOCF − Capex
$99.1M
FCF MarginFCF / Revenue
21.5%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASB
ASB
RBC
RBC
Q1 26
Q4 25
$218.1M
$122.1M
Q3 25
$158.0M
$88.4M
Q2 25
$141.5M
$120.0M
Q1 25
$98.2M
Q4 24
$207.1M
$84.0M
Q3 24
$105.1M
Q2 24
$113.5M
$97.4M
Free Cash Flow
ASB
ASB
RBC
RBC
Q1 26
Q4 25
$99.1M
Q3 25
$71.7M
Q2 25
$104.3M
Q1 25
Q4 24
$73.6M
Q3 24
Q2 24
$88.4M
FCF Margin
ASB
ASB
RBC
RBC
Q1 26
Q4 25
21.5%
Q3 25
15.7%
Q2 25
23.9%
Q1 25
Q4 24
18.7%
Q3 24
Q2 24
21.8%
Capex Intensity
ASB
ASB
RBC
RBC
Q1 26
Q4 25
5.0%
Q3 25
3.7%
Q2 25
3.6%
Q1 25
3.2%
Q4 24
2.6%
Q3 24
4.1%
Q2 24
2.2%
Cash Conversion
ASB
ASB
RBC
RBC
Q1 26
Q4 25
1.59×
1.81×
Q3 25
1.27×
1.47×
Q2 25
1.27×
1.75×
Q1 25
0.97×
Q4 24
1.45×
Q3 24
1.19×
Q2 24
0.98×
1.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASB
ASB

Net Interest Income$307.2M80%
Noninterest Income$75.9M20%

RBC
RBC

Domestic$413.3M90%
Foreign$48.3M10%

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