Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 112

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 112
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19,632 Legal and professional1,025 4,209 13,016 18,250 Loan and foreclosure costs528 4,308 1,089 5,925 FDIC assessment— — 22,650 22,650 Other intangible amortization— — 8,811 8,811 Other noninterest expense3,350 31,720 6,605 41,675 Allocated indirect expense (income)73,548 173,645 (247,193)— Total noninterest expense156,227 495,049 95,787 747,063 Net income (loss) before income taxes263,583 241,534 (45,488)459,630 Income tax expense (benefit)47,440 49,347 (3,279)93,508 Net income (loss)$216,143 $192,187 $(42,209)$366,122 Loans$17,083,254 $11,231,404 $484,911 $28,799,569 Allocated goodwill525,836 579,156 — 1,104,992 Total assets17,909,477 12,073,694 9,422,556 39,405,727 (a) A portion of total depreciation expense of approximately $15,000, $4 million, and $41 million for the Corporate and Commercial Specialty, Community Consumer and Business, and Risk Management and Shared Services segments, respectively, is included in this expense caption.Expenses included within the other noninterest expense line of the segment information above relate to the remaining segment expenses including office expense and card issuance costs. None of the individual expense categories rise to the level of significance for the segment; however, they are utilized in determining the profit or loss measure for each segment.The management accounting policies and processes utilized in compiling segment financial information are highly subjective and, unlike financial accounting, are not based on authoritative guidance similar to U.S. GAAP. As a result, reportable segments and the financial information of the reported segments are not necessarily comparable with similar information reported by other financial institutions. Furthermore, the information presented is not indicative of how the segments would perform if they operated as independent entities.The chief operating decision maker for each of the segments is the President and Chief Executive Officer of the Corporation. For the Corporate and Commercial Specialty and Community, Consumer and Business segments, the chief operating decision