Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 53

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 21,694 Service charges and deposit account fees12,814 12,439 Card-based fees10,442 11,267 Other fee-based revenue5,251 4,402 Capital markets, net4,345 4,050 Mortgage banking, net3,822 2,662 Loss on mortgage portfolio sale(6,976)— Bank and corporate owned life insurance 5,204 2,570 Asset losses, net(878)(306)Investment securities gains, net4 3,879 Other2,251 2,327 Total noninterest income58,776 64,985 Noninterest expensePersonnel123,897 119,395 Technology27,139 26,200 Occupancy15,381 13,633 Business development and advertising6,386 6,517 Equipment4,527 4,599 Legal and professional6,083 4,672 Loan and foreclosure costs2,594 1,979 FDIC assessment10,436 13,946 Other intangible amortization2,203 2,203 Other11,974 4,513 Total noninterest expense210,619 197,657 Income before income taxes121,095 101,185 Income tax expense19,409 20,016 Net income101,687 81,169 Preferred stock dividends2,875 2,875 Net income available to common equity$98,812 $78,294 Earnings per common shareBasic$0.60 $0.52 Diluted$0.59 $0.52 Average common shares outstandingBasic165,228 149,855 Diluted166,604 151,292 

Numbers may not recalculate due to rounding conventions.

See accompanying notes to consolidated financial statements.

6

Item 1. Financial Statements Continued:

ASSOCIATED BANC-CORP

Consolidated Statements of Comprehensive Income (Unaudited)Three Months Ended Mar 31,($ in thousands)20252024Net income$101,687 $81,169 Other comprehensive income (loss), net of taxAFS investment securitiesNet unrealized gains (losses)31,832 (29,889)Amortization of net unrealized losses on AFS securities transferred to HTM securities1,927 2,060 Reclassification adjustment for net losses realized in net income—