Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 66

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 4,405 4,405 Other9,674 6,450 21,648 10,963 Total noninterest expense209,352 195,861 419,971 393,518 Income before income taxes139,629 102,884 260,724 204,068 Income tax expense (benefit)28,399 (12,689)47,808 7,326 Net income111,230 115,573 212,916 196,742 Preferred stock dividends2,875 2,875 5,750 5,750 Net income available to common equity$108,355 $112,698 $207,166 $190,992 Earnings per common shareBasic$0.65 $0.75 $1.25 $1.27 Diluted$0.65 $0.74 $1.24 $1.26 Average common shares outstandingBasic164,936 149,872 165,081 149,864 Diluted166,343 151,288 166,506 151,310 

Numbers may not recalculate due to rounding conventions.

See accompanying notes to consolidated financial statements.

6

Item 1. Financial Statements Continued:

ASSOCIATED BANC-CORP

Consolidated Statements of Comprehensive Income (Unaudited)Three Months Ended Jun 30,Six Months Ended Jun 30,(in thousands)2025202420252024Net income$111,230 $115,573 $212,916 $196,742 Other comprehensive income (loss), net of taxAFS investment securitiesNet unrealized gains (losses)21,317 (11,126)53,149 (41,014)Amortization of net unrealized losses on AFS securities transferred to HTM securities2,059 2,122 3,986 4,182 Reclassification adjustment for net losses realized in net income— — — 197 Income tax (expense) benefit (5,830)2,253 (14,251)9,138 Other comprehensive income (loss) on AFS securities17,545 (6,751)42,884 (27,498)Cash flow hedge derivativesNet unrealized gains (losses)1,264 (6,787)8,532 (26,248)Reclassification adjustment