Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 225

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 225
---
 of a $7 million loss on mortgage portfolio sale as a result of the settlement of the mortgage sale announced in the fourth quarter of 2024 is included within the noninterest income (expense) caption.(b) A portion of total depreciation expense of approximately $61,000, $3 million, and $11 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.

45

As of and for the Quarter Ended March 31, 2024($ in thousands)Corporate and Commercial SpecialtyCommunity, Consumer and BusinessRisk Management and Shared ServicesConsolidated CorporationNet segment interest income (expense)$239,729 $61,395 $(43,266)$257,858 Net intersegment interest (expense) income(107,565)143,987 (36,422)— Net interest income (expense)132,164 205,382 (79,688)257,858 Noninterest income11,869 47,048 6,068 64,985 Total income (expense) before provision144,033 252,430 (73,620)322,843 Provision for credit losses14,998 7,256 1,747 24,001 Total income (expense) after provision129,035 245,174 (75,367)298,842 Noninterest expensePersonnel20,430 60,569 38,396 119,395 Technology(a)601 11,349 14,250 26,200 Occupancy(a)— 22 13,611 13,633 Business development and advertising937 859 4,721 6,517 Equipment(a)1 1,398 3,200 4,599 Legal and professional135 401 4,136 4,672 Loan and foreclosure costs246 1,652 81 1,979 FDIC assessment— — 13,946 13,946 Other intangible amortization— — 2,203 2,203 Other noninterest expense763 6,388 (2,638)4,513 Allocated indirect expense (income)19,665 51,424 (71,089)— Total noninterest expense42,778 134,062 20,817 197,657 Net income (loss) before income taxes86,257 111