Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 48

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 48
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$(239,284)(51)%Provision for credit losses(10,861)(1,213)N/M(31,678)1,459 N/MNoninterest expense29,373 19,526 50%87,018 63,245 38%Income tax benefit(11,648)(21,370)(45)%(41,168)(95,085)(57)%Net loss(38,231)(78,711)(51)%(132,472)(208,902)(37)%Average earning assets10,265,029 9,071,183 13%9,980,565 8,939,209 12%Average loans478,037 530,589 (10)%474,442 548,082 (13)%Average deposits6,114,066 6,049,659 1%6,167,611 5,870,118 5%

N//M = Not meaningful

75

Notable Changes in Segment Financial Data

Corporate and Commercial Specialty

•Average earning assets and average loans both increased $1.3 billion from the nine months ended September 30, 2024, primarily driven by growth in commercial and business lending.

•Provision for credit losses increased $12.2 million from nine months ended September 30, 2024, due to increased commercial loan balances coupled with general macroeconomic trends.

Community, Consumer, and Business

•Average earning assets and average loans decreased by $309.2 million and $311.4 million, respectively, from the nine months ended September 30, 2024, primarily driven by a decrease in residential mortgage loans due to the balance sheet restructuring announced in the fourth quarter of 2024 offset by increases in home equity and other consumer loans.

•Average deposits increased $1.1 billion from the nine months ended September 30, 2024, primarily driven by increases in all deposit types except for noninterest-bearing demand deposits. 

Risk Management and Shared Services

•Total revenue increased $121.0 million from the nine months ended September 30, 2024, primarily driven by organic net interest income growth primarily due to the investment portfolio actions taken as part of the balance sheet repositioning announced in the fourth quarter of 2024.

•Noninterest expense increased $23.8 million from the nine months ended September 30, 2024, primarily caused by increases in personnel expense due to higher variable compensation and healthcare costs as well as OREO write