Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 265

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 265
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34%1,750,590 24,799 5.64%Other long-term funding593,288 10,741 7.24%592,664 10,700 7.22%647,440 11,858 7.33%Total short and long-term funding4,021,685 49,025 4.85%4,052,863 47,880 4.74%3,216,737 46,680 5.78%Total interest-bearing liabilities and related interest expense32,930,896 $251,369 3.03%32,607,129 $245,536 3.02%30,885,334 $278,304 3.59%Noninterest-bearing demand deposits5,796,676 5,648,935 5,652,228 Other liabilities466,482 431,338 521,423 Stockholders’ equity4,821,150 4,732,661 4,330,727 Total liabilities and stockholders’ equity$44,015,203 $43,420,063 $41,389,711 Interest rate spread2.47%2.48%2.10%Net free funds0.57%0.56%0.69%Fully tax-equivalent net interest income and net interest margin$309,444 3.04%$304,228 3.04%$266,232 2.78%Fully tax-equivalent adjustment(4,222)(4,228)(3,723)Net interest income$305,222 $300,000 $262,509 

(a) Prior period has been adjusted to conform with current period presentation.(b) The yield on tax-exempt loans and securities is computed on a fully tax-equivalent basis using a tax rate of 21%.

(c) Nonaccrual loans and loans held for sale have been included in the average balances.

56

Notable Contributions to the Change in Net Interest Income

•Fully tax-equivalent net interest income and net interest income increased $115.7 million and $114.2 million, or 15%, as compared to the first nine months of 2024, respectively. The average yield on earning assets decreased 18 bp and the cost of interest-bearing liabilities decreased 54 bp from the first nine months of 2024.The increase in net interest income was driven, in part, by the actions