Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 122

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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 8.304.26 %Land3,766 6.483.81 %3,228 6.633.52 %Equipment204 1.254.62 %204 1.504.62 %Total operating leases$41,565 7.964.23 %$42,505 8.134.20 %Finance leasesRetail and corporate offices$278 3.001.32 %$301 3.251.32 %Total finance leases$278 3.001.32 %$301 3.251.32 %Contractual lease payment obligations for each of the next five years and thereafter, in addition to a reconciliation to the Corporation’s lease liability, were as follows:($ in thousands)Operating LeasesFinance LeasesTotal LeasesNine months ended December 31, 2025$5,121 $69 $5,191 20266,397 93 6,490 20275,741 93 5,833 20284,998 23 5,021 20293,732 — 3,732 Beyond 202915,577 — 15,577 Total lease payments$41,565 $278 $41,843 Less: interest6,635 5 6,640 Present value of lease payments$34,931 $273 $35,203 As of March 31, 2025 and December 31, 2024, additional operating leases, primarily retail and corporate offices, that had not yet commenced totaled $1 million and $2 million of future lease obligations, respectively. The leases that had not yet commenced as of March 31, 2025 will commence in April 2025 with lease terms of 3 years to 7 years. Rental income generated by the Corporation's leases is included within occupancy expense on the consolidated statements of income.

48

ITEM 2.Management's Discussion and Analysis of Financial Condition and Results of Operations

Special Note Regarding Forward-Looking Statements 

This report contains statements that may constitute forward-looking statements within the meaning of the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, such as statements other than historical facts contained or incorporated by reference into this report. These forward-looking statements include statements with respect to the Corporation’s financial condition, results of operations, plans, objectives, future performance and business, including statements preceded