Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 7

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 Income 

•Loss on mortgage portfolio sale increased $7 million from the first three months of 2024, due to the recognition of a loss in the first quarter of 2025 related to the settlement of the mortgage sale announced in the fourth quarter of 2024.

•Bank and corporate owned life insurance increased $3 million from the first three months of 2024, driven by an increased number of claims.

•Investment securities gains (losses), net, decreased $4 million from the first three months of 2024, as a result of the sale of the Corporation's remaining Visa B shares in the first quarter of 2024.

Noninterest Expense

Table 4 Noninterest Expense Three months endedChange vs($ in thousands)Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2024Mar 31, 2024Personnel$123,897 $125,944 $121,036 $121,581 $119,395 (2)%4 %Technology27,139 26,984 27,217 27,161 26,200 1 %4 %Occupancy15,381 14,325 13,536 13,128 13,633 7 %13 %Business development and advertising6,386 7,408 6,683 7,535 6,517 (14)%(2)%Equipment4,527 4,729 4,653 4,450 4,599 (4)%(2)%Legal and professional6,083 6,861 5,639 4,429 4,672 (11)%30 %Loan and foreclosure costs2,594 1,951 2,748 1,793 1,979 33 %31 %FDIC assessment10,436 9,139 8,223 7,131 13,946 14 %(25)%Other intangible amortization2,203 2,203 2,203 2,203 2,203 — %— %Loss on prepayments of FHLB advances— 14,243 — — — (100)%N/MOther11,974 10,496 8,659 6,450 4,513 14