Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 305

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 305
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 $285,941 $270,289 $262,509 $256,593 Noninterest income (loss)125,754 130,144 66,977 58,776 (206,772)67,221 65,159 Less: Investment securities gains (losses), net11 3,947 7 4 (148,194)100 67 Fully tax-equivalent adjustment8,483 7,516 4,228 4,254 3,680 3,723 3,747 Total revenue for fully tax-equivalent efficiency ratio720,166 648,165 371,198 348,968 215,390 333,353 325,432 Less: Announced initiatives(e)(6,976)— — (6,976)(130,406)— — Total revenue for adjusted efficiency ratio$727,142 $648,165 $371,198 $355,943 $345,795 $333,353 $325,432 Efficiency ratios (expense / revenue)Fully tax-equivalent efficiency ratio57.70 %60.03 %55.81 %59.72 %103.11 %59.51 %59.51 %Adjusted efficiency ratio57.15 %58.85 %55.81 %58.55 %60.10 %59.51 %59.51 %

(a) These capital measurements are used by management, regulators, investors, and analysts to assess, monitor, and compare the quality and composition of our capital with the capital of other financial services companies.

(b) The ratio tangible common equity to tangible assets excludes goodwill and other intangible assets, net. This financial measure has been included as it is considered to be a critical metric with which to analyze and evaluate financial condition and strength.

(c) Adjusted net income and adjusted net income available to common equity, which are used in the calculation of return on average tangible assets and return on average tangible common equity, respectively, add back other intangible amortization, net of tax.

(d) The Corporation is not classified as an advanced approaches holding company as defined by the Federal Reserve. As such, the Corporation has elected to be subject to the AOCI-related adjustments when calculating common equity tier 1 capital which allows the Corporation to opt-out of the requirement to include most components of AOCI in common equity tier 1 capital.