Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 149

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 149
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 life insurance13,391 11,156 20 %4,051 4,135 5,204 2,322 4,001 (2)%1 %Other7,147 7,054 1 %2,670 2,226 2,251 2,257 2,504 20 %7 %Asset gains (losses), net727 (1,407)N/M3,340 (1,735)(878)364 (474)N/MN/MInvestment securities gains (losses), net13 4,047 (100)%1 7 4 (148,194)100 (86)%(99)%Total noninterest income (loss)$207,019 $197,365 5 %$81,265 $66,977 $58,776 $(206,772)$67,221 21 %21 %Assets under management, at market value(a)16,178 15,537 14,685 14,773 15,033 4 %8 %

57

N/M = Not Meaningful(a) In millions. Excludes assets held in brokerage accounts.

Notable Contributions to the Change in Noninterest Income 

•Capital markets increased $7.8 million from the first nine months of 2024, primarily due to an elevated level of activity in our syndications and swaps businesses. 

•Mortgage banking increased $4.3 million from the first nine months of 2024, primarily as a result of MSR income impacts and increased gains on sales of mortgage loans originated for sale.

•Loss on mortgage portfolio sale increased $7.0 million from the first nine months of 2024, due to the recognition of a loss in the first quarter of 2025 related to the settlement of the balance sheet repositioning transactions announced in the fourth quarter of 2024.

•Bank and corporate owned life insurance increased $2.2 million from the first nine months of 2024, driven by an increased number of claims. 

•Asset gains, net increased $2.1 million from the first nine months of 2024, driven primarily by a deferred compensation valuation adjustment given market conditions. 

•Investment securities gains (losses), net, decreased $4.0 million from the first nine months of 2024, due to the nonrecurring gain on the sale of the Corporation's remaining Visa