Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 48

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 48
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 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 income due to lower FTP allocations partially offset by organic net interest income growth, an increase in noninterest income primarily related to higher mortgage banking fees due to MSR valuation impacts and larger gains on sales of loans originated for sale, an increase in noninterest expense predominantly due to elevated technology costs, and a decrease in income tax expense due to the lower net income before taxes.

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

Risk Management and Shared Services

•Total revenue increased $70.6 million from the six months ended June 30, 2024, primarily driven 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, partially offset by contraction