Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 140

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 140
---
67 27.09 26.55 27.90 Tangible book value (TBV) / share(c)(d)21.36 20.84 20.25 19.71 20.37 Performance ratiosReturn on average assets(b)1.04 %0.93 %1.12 %1.03 %0.97 %(1.53)%0.85 %Return on average tangible assets(b)(d)1.08 %0.97 %1.17 %1.07 %1.01 %(1.55)%0.89 %Return on average equity(b)9.55 %9.00 %10.26 %9.43 %8.91 %(14.20)%8.09 %Return on average tangible common equity (ROATCE)(b)(d)13.13 %12.99 %14.02 %12.96 %12.34 %(20.27)%11.52 %Efficiency ratios (expense / revenue)Fully tax-equivalent efficiency ratio56.67 %59.86 %54.77 %55.81 %59.72 %103.11 %59.51 %Adjusted efficiency ratio(d)56.32 %59.07 %54.77 %55.81 %58.55 %60.10 %59.51 %N/M = Not Meaningful

(a) Ratio is based upon basic earnings per common share.

(b) This ratio is annualized.

(c) Based on period end common shares outstanding.

(d) This is a non-GAAP financial measure. See Table 19 Non-GAAP Measures for a reconciliation to GAAP financial measures.

54

Back to table of contents

Income Statement Analysis

Net Interest Income

Table 2 Net Interest Income Analysis Nine Months Ended Sep 30, 20252024(a) (Dollars in thousands)AverageBalanceInterestIncome /ExpenseAverageYield /RateAverageBalanceInterestIncome /ExpenseAverageYield /RateAssetsEarning assetsLoans(b)(c)Commercial and industrial$10,980,230 $536,786 6.54%$9,843,435 $542,989 7.37%Commercial real estate—owner occupied1,120,206 48,042 5.73%1,089,662