Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 143

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 143
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360,369 $41,086,156 Interest rate spread2.45%2.08%Net free funds0.57%0.69%Fully tax-equivalent net interest income and net interest margin$903,867 3.02%$788,199 2.77%Fully tax-equivalent adjustment(12,705)(11,239)Net interest income$891,163 $776,960 

(a) Prior periods have been adjusted to conform with current period presentation.(b) The yield on tax-exempt loans and securities is computed on a fully tax-equivalent basis using a tax rate of 21%.

(c) Nonaccrual loans and loans held for sale have been included in the average balances.

55

Table 2 Net Interest Income Analysis  Three Months Ended, Sep 30, 2025June 30, 2025Sep 30, 2024(a) (Dollars in thousands)AverageBalanceInterestIncome /ExpenseAverageYield /RateAverageBalanceInterestIncome /ExpenseAverageYield /RateAverageBalanceInterestIncome /ExpenseAverageYield /RateAssetsEarning assetsLoans(b)(c)Commercial and industrial$11,367,533 $187,046 6.53%$10,981,221 $179,955 6.57%$9,884,246 $183,687 7.39%Commercial real estate—owner occupied1,105,787 15,827 5.68%1,114,054 16,014 5.77%1,087,144 16,640 6.09%Commercial and business lending12,473,319 202,873 6.45%12,095,274 195,969 6.50%10,971,390 200,327 7.27%Commercial real estate—investor5,300,765 87,114 6.52%5,582,333 91,569 6.58%5,085,090 93,351 7.30%Real estate construction1,991,565 36,770 7.32%1,869,708 33,883 7.27%2,150,416 43,348 8.02%Commercial real estate lending7,292,330 123,884 6.74%7,452,041 125,452 6.75%7