Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 139

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 139
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 million for the first nine months of 2024, driven by nominal credit movement coupled with general macroeconomic trends.

•Noninterest income of $207.0 million increased $9.7 million, or 5%, from the first nine months of 2024, primarily driven by an increase in capital markets revenue from an elevated level of activity in our syndications and swaps businesses, wealth fees, and an increase in asset gains for a deferred compensation valuation adjustment. The increases were partially offset by the loss recognized related to the settlement of the mortgage loan sale in the first quarter of 2025 as part of the balance sheet repositioning announced in the fourth quarter of 2024.

•Noninterest expense of $636.2 million increased $42.1 million, or 7%, from the first nine months of 2024, primarily driven by increases in personnel expense reflective of higher variable compensation, which is the result of strong execution against our strategic plan and increased healthcare costs, legal and professional expenses due to increased consultant and IT staff augmentation expenditures and other noninterest expense primarily due to OREO write downs in 2025.

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Table 1 Summary Results of Operations: Trends YTDQuarter ended(Dollars in thousands, except per share data)Sep 30, 2025Sep 30, 2024Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Net income (loss)$337,648 $284,760 $124,732 $111,230 $101,687 $(161,615)$88,018 Net income (loss) available to common equity329,023 276,135 121,857 108,355 98,812 (164,490)85,143 Earnings (loss) per common share - basic 1.98 1.83 0.73 0.65 0.60 (1.04)0.56 Earnings (loss) per common share - diluted1.96 1.82 0.73 0.65 0.59 (1.03)0.56 Dividend payout ratio(a)(b)34.85 %36.07 %31.51 %35.38 %38.33 %N/M39.29 %Book value / share(c)28.17 27.