Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 3

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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59.07 %54.77 %55.81 %58.55 %60.10 %59.51 %N/M = Not Meaningful

(a) Ratio is based upon basic earnings per common share.

(b) This ratio is annualized.

(c) Based on period end common shares outstanding.

(d) This is a non-GAAP financial measure. See Table 19 Non-GAAP Measures for a reconciliation to GAAP financial measures.

54

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Income Statement Analysis

Net Interest Income

Table 2 Net Interest Income Analysis Nine Months Ended Sep 30, 20252024(a) (Dollars in thousands)AverageBalanceInterestIncome /ExpenseAverageYield /RateAverageBalanceInterestIncome /ExpenseAverageYield /RateAssetsEarning assetsLoans(b)(c)Commercial and industrial$10,980,230 $536,786 6.54%$9,843,435 $542,989 7.37%Commercial real estate—owner occupied1,120,206 48,042 5.73%1,089,662 49,619 6.08%Commercial and business lending12,100,436 584,828 6.46%10,933,098 592,609 7.24%Commercial real estate—investor5,432,417 265,772 6.54%5,030,534 274,450 7.29%Real estate construction1,920,292 104,598 7.28%2,261,008 135,302 7.99%Commercial real estate lending7,352,709 370,370 6.73%7,291,541 409,752 7.51%Total commercial19,453,145 955,197 6.56%18,224,639 1,002,361 7.35%Residential mortgage7,091,945 197,371 3.71%7,939,493 208,291 3.50%Auto finance2,926,862 122,562 5.60%2,511,694 105,528 5.61%Home equity671,884 36,791 7.30%590,340 39,386 8.90%Other consumer309,654 26,389 11.39%261,781 22,959 11.