Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 159

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 159
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 efficiency ratio208,416 222,080 198,394 193,658 195,454 Less: FDIC special assessment— — — — 7,696 Less: Announced initiatives(b)— 14,243 — — — Total expense for adjusted efficiency ratio$208,416 $207,836 $198,394 $193,658 $187,758 Total revenue for efficiency ratios reconciliationNet interest income$285,941 $270,289 $262,509 $256,593 $257,858 Noninterest income58,776 (206,772)67,221 65,159 64,985 Less: Investment securities gains (losses), net4 (148,194)100 67 3,879 Fully tax-equivalent adjustment4,254 3,680 3,723 3,747 3,770 Total revenue for fully tax-equivalent efficiency ratio348,968 215,390 333,353 325,432 322,733 Less: Announced initiatives(b)(6,976)(130,406)— — — Total revenue for adjusted efficiency ratio$355,943 $345,795 $333,353 $325,432 $322,733 Efficiency ratios (expense / revenue)Fully tax-equivalent efficiency ratio59.72 %103.11 %59.51 %59.51 %60.56 %Adjusted efficiency ratio58.55 %60.10 %59.51 %59.51 %58.18 %

(a) These capital measurements are used by management, regulators, investors, and analysts to assess, monitor, and compare the quality and composition of our capital with the capital of other financial services companies.

(b) The ratio tangible common equity to tangible assets excludes goodwill and other intangible assets, net. This financial measure has been included as it is considered to be a critical metric with which to analyze and evaluate financial condition and strength.

(c) Adjusted net income and adjusted net income available to common equity, which are used in the calculation of return on average tangible assets and return on average tangible common equity, respectively, add back other intangible amortization, net of tax.

(d) The Corporation is not classified as an advanced approaches holding company as defined by the Federal Reserve. As such, the Corporation has elected to be subject to the AOCI