Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 269

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 269
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 expenses by adjusting for nonrecurring costs like the FDIC special assessment and announced initiatives.

77

Segment Review

The reportable segments are Corporate and Commercial Specialty; Community, Consumer and Business; and Risk Management and Shared Services. The financial information of the Corporation’s segments was compiled utilizing the accounting policies described in Note 1 Summary of Significant Accounting Policies and Note 20 Segment Reporting of the notes to consolidated financial statements.

Table 23 Selected Segment Financial DataYear Ended December 31,% Change From($ in thousands)2024202320222023 to 20242022 to 2023Corporate and Commercial SpecialtyTotal revenue$600,396 $553,761 $467,749 8 %18 %Provision for credit losses66,390 54,302 47,939 22 %13 %Noninterest expense179,291 167,589 156,227 7 %7 %Income tax expense64,346 59,143 47,440 9 %25 %Net income290,369 272,727 216,143 6 %26 %Average earning assets16,232,593 15,856,298 14,151,070 2 %12 %Average loans16,224,504 15,844,450 14,143,971 2 %12 %Average deposits6,936,891 7,289,740 7,359,246 (5)%(1)%Community, Consumer, and BusinessTotal revenue$1,025,863 $991,136 $758,942 4 %31 %Provision for credit losses24,759 29,757 22,359 (17)%33 %Noninterest expense530,084 517,323 495,049 2 %4 %Income tax expense97,460 91,770 49,347 6 %86 %Net income373,560 352,286 192,187 6 %83 %Average earning assets12,945,288 13,165,560 11,537,058 (2)%14 %Average loans12,943,509 13,165,560 11,537,058 (2)%14 %Average deposits20,458,411 19,928,414 20,426,201 3 %(2)%Risk Management and Shared