Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 143

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 143
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%, from the first six months of 2024, primarily driven by increases in personnel expense due to annual merit increases, legal and professional expenses due to increased consultant and IT staff augmentation expenditures and other noninterest expense primarily due to OREO write downs in 2025.

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Table 1 Summary Results of Operations: Trends Six months endedThree months ended($ in thousands, except per share data)Jun 30, 2025Jun 30, 2024Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Net income (loss)$212,916 $196,742 $111,230 $101,687 $(161,615)$88,018 $115,573 Net income (loss) available to common equity207,166 190,992 108,355 98,812 (164,490)85,143 112,698 Earnings (loss) per common share - basic 1.25 1.27 0.65 0.60 (1.04)0.56 0.75 Earnings (loss) per common share - diluted1.24 1.26 0.65 0.59 (1.03)0.56 0.74 Effective tax rate18.34 %3.59 %20.34 %16.03 %N/M18.61 %(12.33)%N/M = Not Meaningful

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Income Statement Analysis

Net Interest Income

Table 2 Net Interest Income Analysis Six Months Ended Jun 30, 20252024(a) (Dollars in thousands)AverageBalanceInterestIncome /ExpenseAverageYield /RateAverageBalanceInterestIncome /ExpenseAverageYield /RateAssetsEarning assetsLoans(b)(c)Commercial and industrial$10,783,368 $349,740 6.54%$9,822,806 $359,302 7.35%Commercial real estate—owner occupied1,127,535 32,214 5.76%1,090,935 32,979 6.08%Commercial and business lending11,910,904 381,954 6.46%10,913,741 392,281 7.23%Commercial real estate—investor5,499