Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 117

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 117
---
 Income tax expense (benefit) is allocated to segments based on the Corporation’s estimated effective tax rate, with certain segments adjusted for any tax-exempt income or non-deductible expenses. 

44

Financial information about the Corporation’s segments is presented below:As of and for the Quarter Ended March 31, 2025($ in thousands)Corporate and Commercial SpecialtyCommunity, Consumer and BusinessRisk Management and Shared Services(a)Consolidated CorporationNet segment interest income (expense)$227,286 $62,496 $(3,841)$285,941 Net intersegment interest (expense) income(93,342)135,656 (42,314)— Net interest income (expense)133,944 198,152 (46,155)285,941 Noninterest income (expense)12,903 49,100 (3,227)58,776 Total income (expense) before provision146,847 247,252 (49,382)344,717 Provision for credit losses19,014 6,072 (12,083)13,003 Total income (expense) after provision127,833 241,180 (37,299)331,714 Noninterest expensePersonnel21,327 59,871 42,699 123,897 Technology(b)591 13,045 13,503 27,139 Occupancy(b)— 27 15,354 15,381 Business development and advertising934 837 4,615 6,386 Equipment(b)— 1,103 3,424 4,527 Legal and professional 201 809 5,073 6,083 Loan and foreclosure costs810 1,344 440 2,594 FDIC assessment— — 10,436 10,436 Other intangible amortization— — 2,203 2,203 Other noninterest expense781 7,490 3,703 11,974 Allocated indirect expense (income)20,508 52,291 (72,799)— Total noninterest expense45,152 136,817 28,651 210,619 Net income (loss) before income taxes82,681 104,363 (65,950)121,095 Income tax expense (benefit)15,696 21,916 (18,203)19,409 Net