Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 63

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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,203 2,203 6,608 6,608 Other7,369 8,659 29,017 19,622 Total noninterest expense216,202 200,597 636,173 594,115 Income before income taxes154,286 108,142 415,010 312,211 Income tax expense 29,554 20,124 77,362 27,451 Net income124,732 88,018 337,648 284,760 Preferred stock dividends2,875 2,875 8,625 8,625 Net income available to common equity$121,857 $85,143 $329,023 $276,135 Earnings per common shareBasic$0.73 $0.56 $1.98 $1.83 Diluted$0.73 $0.56 $1.96 $1.82 Average common shares outstandingBasic165,029 150,247 165,064 149,993 Diluted166,703 151,492 166,645 151,244 

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 Sep 30,Nine Months Ended Sep 30,(in thousands)2025202420252024Net income$124,732 $88,018 $337,648 $284,760 Other comprehensive income (loss), net of taxAFS investment securitiesNet unrealized (losses) gains(5,178)90,858 47,970 49,844 Amortization of net unrealized losses on AFS securities transferred to HTM securities1,992 2,147 5,978 6,329 Reclassification adjustment for net losses realized in net income— — — 197 Income tax benefit (expense) 795 (23,198)(13,456)(14,060)Other comprehensive (loss) income on AFS securities(2,392)69,807 40,492 42,309 Cash flow hedge derivativesNet unrealized (losses) gains(825)25,609 7,707 (639)Reclassification adjustment for net losses realized in net