Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 228

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 228
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 specific borrowers or industries, existing economic conditions and economic forecasts, the fair value of underlying collateral, and other factors which could affect potential credit losses. The forecast the Corporation used for December 31, 2024 was the Moody's baseline scenario from November 2024, which was reviewed against the December 2024 baseline scenario with no material updates made, over a two-year reasonable and supportable period with straight-line reversion to historical losses over the second year of the period. See additional discussion under the sections titled Loans, Credit Risk, Nonperforming Assets, and Allowance for Credit Losses on Loans.

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Noninterest Income

Table 3 Noninterest Income Years Ended December 31,$ Change% Change($ in thousands)2024202320222024 from 20232023 from 20222024 from 20232023 from 2022Wealth management fees$92,569 $82,502 $84,122 $10,067 $(1,620)12 %(2)%Service charges and deposit account fees51,642 49,045 62,310 2,597 (13,265)5 %(21)%Card-based fees46,921 45,020 44,014 1,901 1,006 4 %2 %Other fee-based revenue19,499 17,268 15,903 2,231 1,365 13 %9 %Total fee-based revenue210,630 193,835 206,350 16,795 (12,515)9 %(6)%Capital markets, net22,084 24,649 29,917 (2,565)(5,268)(10)%(18)%Mortgage banking, net10,686 19,429 18,873 (8,743)556 (45)%3 %Loss on mortgage portfolio sale(130,406)(136,239)— 5,833 (136,239)(4)%N/MBank and corporate owned life insurance13,477 10,266 11,431 3,211 (1,165)31 %(10)%Other9,310 9,691 10,715 (381)(1,024)(4)%(10)%Subtotal135,782 121,631 277,286 14,151 (155,655)12 %(56)%Asset (losses) gains, net