Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 12

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 2024, primarily due to an elevated level of activity in our syndications and swaps businesses. 

•Mortgage banking increased $4.3 million from the first nine months of 2024, primarily as a result of MSR income impacts and increased gains on sales of mortgage loans originated for sale.

•Loss on mortgage portfolio sale increased $7.0 million from the first nine months of 2024, due to the recognition of a loss in the first quarter of 2025 related to the settlement of the balance sheet repositioning transactions announced in the fourth quarter of 2024.

•Bank and corporate owned life insurance increased $2.2 million from the first nine months of 2024, driven by an increased number of claims. 

•Asset gains, net increased $2.1 million from the first nine months of 2024, driven primarily by a deferred compensation valuation adjustment given market conditions. 

•Investment securities gains (losses), net, decreased $4.0 million from the first nine months of 2024, due to the nonrecurring gain on the sale of the Corporation's remaining Visa B shares in the first quarter of 2024.

Noninterest Expense

Table 4 Noninterest Expense Nine months endedThree months endedChange vs(Dollars in thousands)Sep 30, 2025Sep 30, 2024YTD % ChangeSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2025Sep 30, 2024Personnel$386,593 $362,012 7 %$135,703 $126,994 $123,897 $125,944 $121,036 7 %12 %Technology82,237 80,579 2 %28,590 26,508 27,139 26,984 27,217 8 %5 %Occupancy40,782 40,297 1 %12,757 12,644 15,381 14,325 13,536 1 %(6)%Business development and advertising22,496 20,735 8 %8,362 7,748 6,386 7,408 6,683 8 %25 %Equipment13,389 13,702 (2)%4,368