Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 119

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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— 13,946 13,946 Other intangible amortization— — 2,203 2,203 Other noninterest expense763 6,388 (2,638)4,513 Allocated indirect expense (income)19,665 51,424 (71,089)— Total noninterest expense42,778 134,062 20,817 197,657 Net income (loss) before income taxes86,257 111,112 (96,184)101,185 Income tax expense (benefit)17,808 23,335 (21,127)20,016 Net income (loss)$68,449 $87,777 $(75,058)$81,169 Loans$16,171,212 $12,770,285 $552,766 29,494,263 Allocated goodwill525,836 $579,156 — 1,104,992 Total assets16,973,027 13,600,201 10,563,856 41,137,084 (a) A portion of total depreciation expense of approximately $61,000, $2 million, and $10 million for the Corporate and Commercial Specialty, Community Consumer and Business, and Risk Management and Shared Services segments, respectively, is included in this expense caption.Expenses included within the other noninterest expense line of the segment information above relate to the remaining segment expenses including office expense and card issuance costs. None of the individual expense categories rise to the level of significance for the segment; however, they are utilized in determining the profit or loss measure for each segment.The management accounting policies and processes utilized in compiling segment financial information are highly subjective and, unlike financial accounting, are not based on authoritative guidance similar to U.S. GAAP. As a result, reportable segments and the financial information of the reported segments are not necessarily comparable with similar information reported by other financial institutions. Furthermore, the information presented is not indicative of how the segments would perform if they operated as independent entities.The chief operating decision maker for each of the segments is the President and Chief Executive Officer of the Corporation. For the Corporate and Commercial Specialty and Community, Consumer and Business segments, the chief operating decision maker utilizes net interest income, net income and average total loans and deposits in allocating resources for each segment predominantly in the annual budget and forecasting process. The chief operating decision maker considers budget-to-actual variances on a monthly basis for both