Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 309

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 309
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.4 million, up $13.5 million, or 7%, from the second quarter of 2024, driven increases in personnel, legal and professional, and FDIC assessment expenses.

The Corporation recognized income tax expense of $28.4 million for the second quarter of 2025, compared to income tax benefit of $12.7 million for the second quarter of 2024, primarily due to a strategic reallocation of the investment portfolio and the adaptation of a legal entity rationalization plan that resulted in the recognition of deferred benefits in 2024. 

Segment Review

The reportable segments are Corporate and Commercial Specialty; Community, Consumer and Business; and Risk Management and Shared Services. The financial information of the Corporation’s segments was compiled utilizing the accounting policies described in the Corporation’s 2024 Annual Report on Form 10-K and Note 14 Segment Reporting of the notes to consolidated financial statements.

Table 20 Selected Segment Financial DataThree Months Ended Jun 30,Six Months Ended Jun 30,(Dollars in thousands)20252024% Change20252024% ChangeCorporate and Commercial SpecialtyTotal revenue$150,532 $146,749 3%$297,378 $290,782 2%Provision for credit losses20,368 16,038 27%39,382 31,036 27%Noninterest expense45,802 43,035 6%90,954 85,813 6%Income tax expense15,968 14,084 13%31,665 31,893 (1)%Net income68,394 73,592 (7)%135,377 142,040 (5)%Average earning assets17,501,224 16,136,463 8%17,253,366 16,080,994 7%Average loans17,483,645 16,127,936 8%17,241,671 16,074,156 7%Average deposits6,921,336 6,788,753 2%7,082,223 7,032,924 1%Community, Consumer, and BusinessTotal revenue$253,997 $258,899 (2)%$501,248 $511,329 (2)%Provision for credit losses6,363 6,045 5%12,434 13,301 (7)%Noninterest expense134,554 129,924 4