Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 237

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 237
---
121,581 $119,395 (2)%4 %Technology27,139 26,984 27,217 27,161 26,200 1 %4 %Occupancy15,381 14,325 13,536 13,128 13,633 7 %13 %Business development and advertising6,386 7,408 6,683 7,535 6,517 (14)%(2)%Equipment4,527 4,729 4,653 4,450 4,599 (4)%(2)%Legal and professional6,083 6,861 5,639 4,429 4,672 (11)%30 %Loan and foreclosure costs2,594 1,951 2,748 1,793 1,979 33 %31 %FDIC assessment10,436 9,139 8,223 7,131 13,946 14 %(25)%Other intangible amortization2,203 2,203 2,203 2,203 2,203 — %— %Loss on prepayments of FHLB advances— 14,243 — — — (100)%N/MOther11,974 10,496 8,659 6,450 4,513 14 %165 %Total noninterest expense$210,619 $224,282 $200,597 $195,861 $197,657 (6)%7 %Average FTEs(a)4,006 3,982 4,041 4,025 4,070 1 %(2)%(a) Average FTEs without overtime.

Notable Contributions to the Change in Noninterest Expense

•Personnel expense increased $5 million from the first three months of 2024, primarily driven by annual merit increases.

•FDIC expense decreased $4 million from the first three months of 2024 as the first three months of 2024 included an $8 million nonrecurring expense related to the FDIC special assessment.

Income Taxes

The Corporation records income tax expense during interim periods based on the best estimate of the full year's effective tax rate as adjusted for discrete items, if any, taken into account in the relevant interim period. Each quarter, the Corporation updates its estimate of the annual effective tax rate and the