Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 111

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 111
---
770 (127,816)23,097 Net income (loss)$272,727 $352,286 $(442,057)$182,956 Loans$16,045,897 $12,642,123 $528,198 29,216,218 Allocated goodwill525,836 $579,156 — 1,104,992 Total assets16,897,021 13,453,475 10,665,359 41,015,855 (a) Unusual items including a $136 million loss on mortgage portfolio sale and a $65 million loss on investment securities as a result of the balance sheet repositioning announced in the fourth quarter of 2023 are included within the noninterest income (expense) caption and a $31 million FDIC special assessment is included in the FDIC assessment caption.(b) A portion of total depreciation expense of approximately $164,000, $8 million, and $39 million for the Corporate and Commercial Specialty, Community Consumer and Business, and Risk Management and Shared Services segments, respectively, is included in this expense caption.

145

As of and for the Year Ended December 31, 2022($ in thousands)Corporate and Commercial SpecialtyCommunity, Consumer and BusinessRisk Management and Shared ServicesConsolidated CorporationNet segment interest income$526,870 $362,420 $68,031 $957,321 Net intersegment interest (expense) income(118,059)190,862 (72,803)— Net interest income (expense)408,811 553,282 (4,772)957,321 Noninterest income58,938 205,660 17,772 282,370 Total income before provision467,749 758,942 12,999 1,239,691 Provision for credit losses47,939 22,359 (37,300)32,998 Total income after provision419,810 736,583 50,299 1,206,693 Noninterest expensePersonnel71,043 238,962 144,096 454,101 Technology(a)3,029 33,330 54,341 90,700 Occupancy(a)— 82 59,712 59,794 Business development and advertising3,703 3,428 18,394 25,525 Equipment(a)1 5,365 14,266