Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 13

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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4,494 4,527 4,729 4,653 (3)%(6)%Legal and professional17,989 14,740 22 %5,232 6,674 6,083 6,861 5,639 (22)%(7)%Loan and foreclosure costs6,937 6,519 6 %1,638 2,705 2,594 1,951 2,748 (39)%(40)%FDIC assessment30,124 29,300 3 %9,980 9,708 10,436 9,139 8,223 3 %21 %Other intangible amortization6,608 6,608 — %2,203 2,203 2,203 2,203 2,203 — %— %Loss on prepayments of FHLB advances— — — %— — — 14,243 — — %— %Other29,017 19,622 48 %7,369 9,674 11,974 10,496 8,659 (24)%(15)%Total noninterest expense$636,173 $594,115 7 %$216,202 $209,352 $210,619 $224,282 $200,597 3 %8 %Average FTEs excluding overtime3,990 4,045 (1)%3,982 3,980 4,006 3,982 4,041 — %(1)%Annualized noninterest expense / average assets1.96 %1.93 %1.95 %1.93 %2.00 %2.12 %1.93 %

Notable Contributions to the Change in Noninterest Expense

•Legal and professional expense increased $3.2 million from the first nine months of 2024, primarily driven by increased consultant and IT staff augmentation expenses in the current year.

•Other noninterest expense increased $9.4 million from the first nine months of 2024 primarily due to OREO write downs in 2025 as compared to a gain on the sale of OREO properties in 2024 and higher donation expenditures in 2025 as compared to 2024.

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Income Taxes

The Corporation records income tax expense