Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 89

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 89
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 financial institutions212,943 20,428 Notes and interest receivable from subsidiaries710,126 562,640 Investments in and receivable due from subsidiaries4,455,525 4,080,536 Other assets57,649 48,589 Total assets$5,472,402 $4,734,666 Liabilities and Stockholders' EquitySenior notes, at par$300,000 $— Subordinated notes, at par550,000 550,000 Long-term funding capitalized costs and fair value hedge liability(12,660)(9,114)Total long-term funding837,340 540,886 Accrued expenses and other liabilities29,500 19,807 Total liabilities866,841 560,693 Preferred equity194,112 194,112 Common equity4,411,450 3,979,861 Total stockholders’ equity4,605,562 4,173,973 Total liabilities and stockholders’ equity$5,472,402 $4,734,666 Statements of Income For the Years Ended December 31,($ in thousands)202420232022IncomeIncome from subsidiaries$129,224 $192,559 $373,581 Interest income on notes receivable from subsidiaries42,834 30,363 5,632 Other income1,310 1,175 1,262 Total income173,368 224,097 380,475 ExpenseInterest expense on short and long-term funding45,781 36,081 10,655 Other expense6,727 7,352 6,118 Total expense52,508 43,434 16,772 Income before income tax expense120,860 180,663 363,702 Income tax (benefit)(2,286)(2,292)(2,420)Net income123,145 182,956 366,122 Preferred stock dividends11,500 11,500 11,500 Net income available to common equity$111,645 $171,456 $354,622 

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Statements of Cash Flows For the Years Ended December 31,($ in thousands)202420232022Cash Flows from Operating ActivitiesNet income $123,145 $182,956 $366,122 Adjustments to reconcile net income to net cash provided by operating activities:Decrease (increase)