Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 189

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 189
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$511,329 (2)%Provision for credit losses6,363 6,045 5%12,434 13,301 (7)%Noninterest expense134,554 129,924 4%271,369 263,986 3%Income tax expense23,747 25,815 (8)%45,663 49,149 (7)%Net income89,333 97,115 (8)%171,782 184,893 (7)%Average earning assets12,533,452 12,899,329 (3)%12,591,669 12,843,343 (2)%Average loans12,530,041 12,899,067 (3)%12,588,258 12,843,212 (2)%Average deposits21,185,516 20,143,288 5%21,239,541 20,135,945 5%Risk Management and Shared ServicesTotal revenue$(37,552)$(83,896)(55)%$(86,932)$(157,515)(45)%Provision for credit losses(8,735)925 N/M(20,817)2,672 N/MNoninterest expense28,996 22,902 27%57,646 43,719 32%Income tax benefit(11,316)(52,589)(78)%(29,520)(73,716)(60)%Net loss(46,497)(55,133)(16)%(94,241)(130,191)(28)%Average earning assets10,040,034 8,961,646 12%9,835,976 8,872,497 11%Average loans478,315 552,561 (13)%472,615 556,925 (15)%Average deposits6,096,349 5,697,363 7%6,194,828 5,779,362 7%

N//M = Not meaningful

74

Notable Changes in Segment Financial Data

Corporate and Commercial Specialty

•Average earning assets and average loans both increased $1.2 billion from the six months ended June 30, 2024, primarily driven by growth in commercial and business lending.

Community, Consumer, and Business

•Net income decreased $13.1 million from the six months ended June 30, 2024, driven by a decrease in net interest