Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 43

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 43
---
207,149 208,416 222,080 198,394 Less: FDIC special assessment— 7,696 — — — — — Less: Announced initiatives(b)— — — — — 14,243 — Total expense for adjusted efficiency ratio$629,565 $579,810 $213,999 $207,149 $208,416 $207,836 $198,394 Total revenue for efficiency ratios reconciliation(a)Net interest income$891,163 $776,960 $305,222 $300,000 $285,941 $270,289 $262,509 Noninterest income (loss)207,019 197,365 81,265 66,977 58,776 (206,772)67,221 Less: Investment securities gains (losses), net13 4,047 1 7 4 (148,194)100 Fully tax-equivalent adjustment12,705 11,239 4,222 4,228 4,254 3,680 3,723 Total revenue for fully tax-equivalent efficiency ratio1,110,874 981,518 390,708 371,198 348,968 215,390 333,353 Less: Announced initiatives(b)(6,976)— — — (6,976)(130,406)— Total revenue for adjusted efficiency ratio$1,117,850 $981,518 $390,708 $371,198 $355,943 $345,795 $333,353 

(a) Periods prior to the quarter ended June 30, 2025 have been adjusted to conform with current period presentation.

(b) Announced initiatives include the loss on mortgage portfolio sale and loss on prepayment of FHLB advances as a result of balance sheet repositionings that the Corporation announced in the fourth quarter of 2024.  The net loss on the sale of investments is already excluded from noninterest income within the efficiency ratio.

73

Sequential Quarter Results

The Corporation reported net income of $124.7 million for the third quarter of 2025, compared to a net income of $111.2 million for the second quarter of 2025. Net income available to common equity was $121.9 million for the third quarter of 2025, or