Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 236

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 236
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, net3,822 3,387 2,132 2,505 2,662 13 %44 %Loss on mortgage portfolio sale(6,976)(130,406)— — — (95)%N/MBank and corporate owned life insurance5,204 2,322 4,001 4,584 2,570 124 %102 %Other2,251 2,257 2,504 2,222 2,327 — %(3)%Subtotal59,650 (58,943)67,595 65,719 61,411 N/M(3)%Asset (losses) gains, net(878)364 (474)(627)(306)N/M187 %Investment securities gains (losses), net4 (148,194)100 67 3,879 N/M(100)%Total noninterest income (loss)$58,776 $(206,772)$67,221 $65,159 $64,985 N/M(10)%Assets under management, at market value(a)14,685 14,773 15,033 14,304 14,171 (1)%4 %N/M = Not Meaningful(a) $ in millions. Excludes assets held in brokerage accounts.

52

Notable Contributions to the Change in Noninterest Income 

•Loss on mortgage portfolio sale increased $7 million from the first three months of 2024, due to the recognition of a loss in the first quarter of 2025 related to the settlement of the mortgage sale announced in the fourth quarter of 2024.

•Bank and corporate owned life insurance increased $3 million from the first three months of 2024, driven by an increased number of claims.

•Investment securities gains (losses), net, decreased $4 million from the first three months of 2024, as a result of the sale of the Corporation's remaining Visa B shares in the first quarter of 2024.

Noninterest Expense

Table 4 Noninterest Expense Three months endedChange vs($ in thousands)Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2024Mar 31, 2024Personnel$123,897 $125,944 $121,036 $