Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 4

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 4
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 $2.36 Diluted$0.72 $1.13 $2.34 Average common shares outstandingBasic151,933 149,968 149,162 Diluted153,347 150,860 150,496 

Numbers may not sum due to rounding.

See accompanying notes to consolidated financial statements.

82

ASSOCIATED BANC-CORP

Consolidated Statements of Comprehensive Income For the Years Ended December 31, ($ in thousands)202420232022Net income$123,145 $182,956 $366,122 Other comprehensive income (loss), net of taxAFS investment securitiesNet unrealized (losses) gains(23,978)41,145 (250,273)Unrealized (losses) on AFS securities transferred to HTM securities— — (67,604)Amortization of net unrealized losses on AFS securities transferred to HTM securities8,360 9,025 9,870 Reclassification adjustment for net losses realized in net income148,380 64,940 1,922 Income tax (expense) benefit(33,114)(30,560)78,159 Other comprehensive income (loss) on AFS investment securities99,648 84,550 (227,926)Cash flow hedge derivativesNet unrealized (losses) gains(21,537)(13,254)3,626 Reclassification adjustment for net losses (gains) realized in net income16,478 13,930 (212)Income tax benefit (expense)710 (956)(54)Other comprehensive (loss) income on cash flow hedge derivatives(4,348)(280)3,360 Defined benefit pension and postretirement obligationsAmortization of prior service cost(290)(326)(325)Net actuarial gain (loss)2,210 24,091 (51,745)Amortization of actuarial (gain) loss(28)(29)658 Income tax (expense) benefit(511)(6,304)13,495 Other comprehensive income (loss) on defined benefit pension and postretirement obligations1,381 17,432 (37,917)Total other comprehensive income (loss)96,681 101,703 (262,483)Comprehensive income$219,826 $284,659 $103,639 

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