Associated Bank vs Axos Financial
Associated Bank reported revenue of $1.5 billion in fiscal 2025, about the same as Axos Financial's $1.5 billion in fiscal 2026. Associated Bank's revenue grew 43.3% in its latest year, and Axos Financial's grew 17.6%. Associated Bank had a return on equity of 9.9%, against 16.8% at Axos Financial. Their fiscal years end in different months (December 31 and June 30), so the periods don't line up exactly.
Side by side
| Associated Bank | Axos Financial | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Jun 30, 2026 |
| Revenue | $1.5B | $1.5B |
| Revenue growth | 43.3% | 17.6% |
| Revenue growth a year, last 5 years | 3.1% | 18.1% |
| Net income | $475M | $490M |
| Return on equity | 9.9% | 16.8% |
| Return on tangible common equity | 12.7% | 17.9% |
| Efficiency ratio | 57.5% | 49.5% |
| Dividends and buybacks | $156M | $22M |
| Change in diluted share count | 8.7% | −0.4% |
| Last close | $30.36 | $92.67 |
| P/E at the last close | 10.5× | 10.6× |
| Insider trades, last 12 months | sold $9.9 million | sold $7.2 million |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Associated BankAxos Financial
Return on equity
Percent. Net income over average equity.
Associated BankAxos Financial
Net income
US$ billions
Associated BankAxos Financial
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Associated Bank and Axos Financial pages.