Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 152

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 152
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68,705 59,650 (58,943)67,595 65,719 15 %5 %Asset (losses) gains, net(2,613)(933)180 %(1,735)(878)364 (474)(627)98 %177 %Investment securities gains (losses), net11 3,947 (100)%7 4 (148,194)100 67 66 %(90)%Total noninterest income (loss)$125,754 $130,144 (3)%$66,977 $58,776 $(206,772)$67,221 $65,159 14 %3 %Assets under management, at market value(a)15,537 14,685 14,773 15,033 14,304 6 %9 %N/M = Not Meaningful(a) In millions. Excludes assets held in brokerage accounts.

57

Notable Contributions to the Change in Noninterest Income 

•Mortgage banking increased $2.9 million from the first six months of 2024, primarily as a result of MSR valuation impacts and increased gains on sales of mortgage loans originated for sale.

•Loss on mortgage portfolio sale increased $7.0 million from the first six 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 six months of 2024, driven by an increased number of claims.

•Investment securities gains (losses), net, decreased $3.9 million from the first six months of 2024, as a result of the sale of the Corporation's remaining Visa B shares in the first quarter of 2024.

Noninterest Expense

Table 4 Noninterest Expense Six months endedThree months endedChange vs(Dollars in thousands)Jun 30, 2025Jun 30, 2024YTD % ChangeJun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2025Jun 30, 2024Personnel$250,890 $240,976 4 %$126,994 $123,897