Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 167

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 167
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)(120)Undistributed earnings$60,274 $44,767 Undistributed earnings allocated to common shareholders$59,997 $44,524 Undistributed earnings allocated to unvested share-based payment awards277 242 Undistributed earnings$60,274 $44,767 BasicDistributed earnings to common shareholders$38,333 $33,407 Undistributed earnings allocated to common shareholders59,997 44,524 Total common shareholders earnings, basic$98,329 $77,932 DilutedDistributed earnings to common shareholders$38,333 $33,407 Undistributed earnings allocated to common shareholders59,997 44,524 Total common shareholders earnings, diluted$98,329 $77,932 Weighted average common shares outstanding165,228 149,855 Effect of dilutive common stock awards1,377 1,436 Diluted weighted average common shares outstanding166,604 151,292 Basic earnings per common share$0.60 $0.52 Diluted earnings per common share$0.59 $0.52 

Excluded from the earnings per common share calculations were 1 million and 2 million anti-dilutive common stock options for the three months ended March 31, 2025 and 2024, respectively.

Note 4 Stock-Based Compensation 

The fair values of stock options and restricted stock awards are amortized as compensation expense on a straight-line basis over the vesting period of the grants. For colleagues who meet the definition of retirement eligible under the 2020 Incentive Compensation Plan, expenses related to stock options and restricted stock awards are fully recognized on the date the colleague meets the definition of normal or early retirement. Compensation expense recognized is included in personnel expense on the consolidated statements of income. A summary of the Corporation’s stock option activity for the three months ended March 31, 2025 is presented below:Stock OptionsShares(a)Weighted AverageExercise PriceWeighted Average Remaining Contractual TermAggregate Intrinsic Value(a)Outstanding at December 31, 20241,778 $22.36 3.41 years$3,693 Exercised50 17.93 Forfeited or expired— — Outstanding at March 31, 20251,728 $22.49 3.17 years$2,359 Options Exercisable at March 31,