Associated Banc : Q1 2025 News Release

Published: 2025-04-24 16:42:42 ET ASB

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Senior Vice President, Director of Investor Relations 920-491-7059

Media Contact:

Andrea Kozek, Vice President, Public Relations Senior Manager 920-491-7518

Associated Banc-Corp Reports First Quarter 2025 Net Income Available to Common Equity of $99

Million, or $0.59 per Common Share

GREEN BAY, Wis. -- April 24, 2025 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $99 million, or $0.59 per common share, for the quarter ended March 31, 2025. These amounts compare to a loss of $164 million, or $1.03 per common share, for the quarter ended December 31, 2024 and earnings of $78 million, or $0.52 per common share, for the quarter ended March 31, 2024.

"2025 is off to a strong start at Associated Bank," said President and CEO Andy Harmening. "During the first quarter, we achieved several key milestones of our strategic plan, completing our commercial expansion, achieving a record-high net promoter score, and finalizing the balance sheet repositioning we announced in December. Importantly, the emerging momentum from our initiatives helped us deliver another strong financial quarter, with over $500 million in loan and deposit growth, 16 basis points of margin expansion, ten basis points of CET1 capital accretion and solid credit quality trends."

"The current macroeconomic environment has added an element of uncertainty for the industry, but here at Associated, we're entering this period of uncertainty with the major investments in our strategic plan completed, a strengthened profitability profile, a solid capital position, and a foundational discipline on credit and risk management. We continue to feel well-positioned to deliver enhanced value for our stakeholders in 2025."

First Quarter 2025 Highlights (all comparisons to Fourth Quarter 2024)

Loans

First quarter 2025 average total loans of $30.1 billion decreased $91 million from the prior quarter and increased 3%, or $742 million, from the same period last year. With respect to first quarter 2025 average balances by loan category:

First quarter 2025 period end total loans of $30.3 billion increased 2%, or $526 million, from the prior quarter and increased 3%, or $800 million, from the same period last year. With respect to first quarter 2025 period end balances by loan category:

We continue to expect 2025 period end loan growth of 5% to 6% as compared to the year ended December 31, 2024.

Deposits

First quarter 2025 average deposits of $34.8 billion increased 1%, or $496 million, from the prior quarter and increased 5%, or $1.6 billion, from the same period last year. With respect to first quarter 2025 average balances by deposit category:

First quarter 2025 period end deposits of $35.2 billion increased 2%, or $548 million, from the prior quarter and increased 4%, or $1.5 billion, from the same period last year. With respect to first quarter 2025 period end balances by deposit category:

We continue to expect 2025 period end total deposit growth of 1% to 2% and period end core customer deposit growth of 4% to 5% as compared to the year ended December 31, 2024.

Net Interest Income and Net Interest Margin

First quarter 2025 net interest income of $286 million increased $16 million from the prior quarter and increased $28 million from the same period last year. The net interest margin increased to 2.97%, reflecting a 16 basis point increase from the prior quarter and an 18 basis point increase from the same period last year.

We continue to expect total net interest income growth of 12% to 13% in 2025.

Noninterest Income

First quarter 2025 total noninterest income of $59 million increased $266 million from the prior quarter and decreased $6 million, or 10%, from the same period last year. The increase relative to the prior quarter was primarily driven by nonrecurring items recognized in the fourth quarter of 2024 as a result of the balance sheet repositioning announced in December of 2024. The decrease relative to the same period last year was primarily driven by a $7 million loss related to the settlement of the mortgage sale announced in December of 2024. With respect to first quarter 2025 noninterest income line items:

After adjusting to exclude the fourth quarter 2024 and first quarter 2025 impacts of the mortgage and investment securities sales we announced in December 2024, we continue to expect total noninterest income growth of between 0% and 1% in 2025.

Noninterest Expense

First quarter 2025 total noninterest expense of $211 million decreased $14 million from the prior quarter, driven primarily by a $14 million expense for a loss on prepayments of FHLB advances recognized in the fourth quarter of 2024 as a result of the balance sheet repositioning announced in December of 2024, and increased $13 million from the same period last year. With respect to first quarter 2025 noninterest expense line items:

After adjusting to exclude the $14 million impact of the loss on prepayments of FHLB advances recognized in the fourth quarter of 2024, we continue to expect total noninterest expense to grow by 3% to 4% in 2025.

Taxes

First quarter 2025 tax expense was $19 million compared to a $16 million tax benefit in the prior quarter and $20 million of tax expense in the same period last year. First quarter 2025 tax expense included a $6 million benefit from a partial release of a valuation allowance on deferred taxes. The tax benefit recognized in the prior quarter was primarily driven by a loss on income before income taxes as a result of nonrecurring items associated with the balance sheet repositioning announced in December 2024. The effective tax rate for the first quarter of 2025 was 16.0% compared to an effective tax rate of 19.8% in the same period last year.

We continue to expect the annual effective tax rate to be between 19% and 21% in 2025.

Credit

First quarter 2025 provision for credit losses on loans was $13 million, compared to a provision of $17 million in the prior quarter and a provision of $24 million in the same period last year. With respect to first quarter 2025 credit quality:

In 2025, we continue to expect to adjust provision to reflect changes to risk grades, economic conditions, loan volumes, and other indications of credit quality.

Capital

The Company's capital position remains strong, with a CET1 capital ratio of 10.11% at March 31, 2025. The Company's capital ratios continue to be in excess of the Basel III "well-capitalized" regulatory benchmarks on a fully phased in basis.

FIRST QUARTER 2025 EARNINGS RELEASE CONFERENCE CALL

The Company will host a conference call for investors and analysts at 4:00 p.m. Central Time (CT) today, April 24, 2025. Interested parties can access the live webcast of the call through the Investor Relations section of the Company's website, http://investor.associatedbank.com. Parties may also dial into the call at 877-407-8037 (domestic) or 201-689-8037 (international) and request the Associated Banc-Corp first quarter 2025 earnings call. The first quarter 2025 financial tables with an accompanying slide presentation will be available on the Company's website just prior to the call. An audio archive of the webcast will be available on the Company's website approximately fifteen minutes after the call is over.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $43 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

FORWARD-LOOKING STATEMENTS

Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most recent Form 10-K and subsequent Form 10-Qs and other SEC filings, and such factors are incorporated herein by reference.

NON-GAAP FINANCIAL MEASURES

This press release and related materials may contain references to measures which are not defined in generally accepted accounting principles ("GAAP"). Information concerning these non-GAAP financial measures can be found in the financial tables. Management believes these measures are meaningful because they reflect adjustments commonly made by management, investors, regulators, and analysts to evaluate the adequacy of earnings per common share, provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

# # #

Associated Banc-Corp

Consolidated Balance Sheets (Unaudited)

($ in thousands)

March 31,

December 31,

Seql Qtr $

September 30,

June 30,

March 31,

Comp Qtr $

2025

2024

Change

2024

Change

Assets

Cash and due from banks

521,323

544,059

(22,737)

554,631

470,818

429,859

91,464

Interest-bearing deposits in other financial institutions

711,033

453,590

257,443

408,101

484,677

420,114

290,919

Federal funds sold and securities purchased under

105

21,955

(21,850)

4,310

3,600

1,610

(1,505)

agreements to resell

Investment securities available for sale, at fair value

4,796,570

4,581,434

215,136

4,152,527

3,912,730

3,724,148

1,072,422

Investment securities held to maturity, net, at

3,705,793

3,738,687

(32,894)

3,769,150

3,799,035

3,832,967

(127,174)

amortized cost

Equity securities

23,331

23,242

23,158

22,944

19,571

3,760

Federal Home Loan Bank and Federal Reserve Bank

194,244

179,665

14,578

178,168

212,102

173,968

20,276

stocks, at cost

Residential loans held for sale

47,611

646,687

(599,076)

67,219

83,795

52,414

(4,803)

Commercial loans held for sale

7,910

32,634

(24,724)

11,833

7,910

Loans

30,294,127

29,768,586

525,541

29,990,897

29,618,271

29,494,263

799,864

Allowance for loan losses

(371,348)

(363,545)

(7,802)

(361,765)

(355,844)

(356,006)

(15,342)

Loans, net

29,922,780

29,405,041

517,739

29,629,131

29,262,428

29,138,257

784,523

Tax credit and other investments

254,187

258,886

(4,699)

265,385

246,300

255,252

(1,065)

Premises and equipment, net

377,521

379,093

(1,572)

373,816

369,968

367,618

9,903

Bank and corporate owned life insurance

690,551

689,000

1,552

686,704

683,451

685,089

5,462

Goodwill

1,104,992

Other intangible assets, net

29,457

31,660

(2,203)

33,863

36,066

38,268

(8,811)

Mortgage servicing rights, net

86,251

87,683

(1,433)

81,977

85,640

85,226

1,025

Interest receivable

159,729

167,772

(8,044)

167,777

173,106

167,092

(7,363)

Other assets

675,748

676,987

(1,239)

698,073

672,256

640,638

35,110

Total assets

43,309,136

43,023,068

286,068

42,210,815

41,623,908

41,137,084

2,172,052

Liabilities and stockholders' equity

Noninterest-bearing demand deposits

6,135,946

5,775,657

360,289

5,857,421

5,815,045

6,254,135

(118,189)

Interest-bearing deposits

29,060,767

28,872,777

187,990

27,696,877

26,875,995

27,459,023

1,601,744

Total deposits

35,196,713

34,648,434

548,279

33,554,298

32,691,039

33,713,158

1,483,555

Short-term funding

311,335

470,369

(159,033)

917,028

859,539

765,671

(454,336)

FHLB advances

2,027,297

1,853,807

173,490

1,913,294

2,673,046

1,333,411

693,886

Other long-term funding

591,382

837,635

(246,253)

844,342

536,113

536,055

55,327

Allowance for unfunded commitments

35,276

38,776

(3,500)

35,776

33,776

31,776

3,500

Accrued expenses and other liabilities

460,574

568,485

(107,911)

532,842

588,057

588,341

(127,767)

Total liabilities

38,622,578

38,417,506

205,071

37,797,579

37,381,571

36,968,412

1,654,166

Stockholders' equity

Preferred equity

194,112

Common equity

4,492,446

4,411,450

80,996

4,219,125

4,048,225

3,974,561

517,885

Total stockholders' equity

4,686,558

4,605,562

80,996

4,413,236

4,242,337

4,168,673

517,885

Total liabilities and stockholders' equity

43,309,136

43,023,068

286,068

42,210,815

41,623,908

41,137,084

2,172,052

Numbers may not recalculate due to rounding conventions.

Associated Banc-Corp

Consolidated Statements of Income (Unaudited) - Quarterly Trend

($ in thousands, except per share data)

Seql Qtr

Comp Qtr

1Q25

4Q24

Change

% Change

3Q24

2Q24

1Q24

Change

% Change

Interest income

Interest and fees on loans

433,299

453,253

(19,954)

(4)% $

465,728

456,788

454,472

(21,173)

(5)%

Interest and dividends on investment securities

69,702

50,524

19,178

38 %

51,229

50,278

46,548

23,154

50 %

Taxable

Tax-exempt

13,956

14,469

(513)

(4)%

14,660

14,669

14,774

(818)

(6)%

Other interest

8,920

10,478

(1,558)

(15)%

8,701

8,539

7,595

1,325

17 %

Total interest income

525,877

528,724

(2,847)

(1)%

540,318

530,274

523,388

2,489

- %

Interest expense

Interest on deposits

209,140

222,888

(13,748)

(6)%

231,623

221,062

226,231

(17,091)

(8)%

Interest on federal funds purchased and securities

3,622

3,203

419

13 %

3,385

2,303

2,863

759

27 %

sold under agreements to repurchase

Interest on other short-term funding

668

(668)

(100)%

6,144

6,077

4,708

(4,708)

(100)%

Interest on FHLB advances

16,090

17,908

(1,818)

(10)%

24,799

34,143

21,671

(5,581)

(26)%

Interest on other long-term funding

11,085

13,769

(2,684)

(19)%

11,858

10,096

10,058

1,027

10 %

Total interest expense

239,937

258,436

(18,499)

(7)%

277,809

273,681

265,530

(25,593)

(10)%

Net interest income

285,941

270,289

15,652

6 %

262,509

256,593

257,858

28,083

11 %

Provision for credit losses

13,003

16,986

(3,982)

(23)%

20,991

23,008

24,001

(10,998)

(46)%

Net interest income after provision for credit

272,938

253,303

19,635

8 %

241,518

233,585

233,857

39,081

17 %

losses

Noninterest income

Wealth management fees

22,498

24,103

(1,605)

(7)%

24,144

22,628

21,694

804

4 %

Service charges and deposit account fees

12,814

13,232

(418)

(3)%

13,708

12,263

12,439

375

3 %

Card-based fees

10,442

11,948

(1,506)

(13)%

11,731

11,975

11,267

(825)

(7)%

Other fee-based revenue

5,251

5,182

1 %

5,057

4,857

4,402

849

19 %

Capital markets, net

4,345

9,032

(4,687)

(52)%

4,317

4,685

4,050

295

7 %

Mortgage banking, net

3,822

3,387

435

13 %

2,132

2,505

2,662

1,160

44 %

Loss on mortgage portfolio sale

(6,976)

(130,406)

123,430

(95)%

(6,976)

N/M

Bank and corporate owned life insurance

5,204

2,322

2,883

124 %

4,001

4,584

2,570

2,634

102 %

Asset (losses) gains, net

(878)

364

(1,242)

N/M

(474)

(627)

(306)

(572)

187 %

Investment securities gains (losses), net

(148,194)

148,198

N/M

100

3,879

(3,875)

(100)%

Other

2,251

2,257

(6)

- %

2,504

2,222

2,327

(76)

(3)%

Total noninterest income (loss)

58,776

(206,772)

265,549

N/M

67,221

65,159

64,985

(6,209)

(10)%

Noninterest expense

Personnel

123,897

125,944

(2,047)

(2)%

121,036

121,581

119,395

4,502

4 %

Technology

27,139

26,984

154

1 %

27,217

27,161

26,200

939

4 %

Occupancy

15,381

14,325

1,056

7 %

13,536

13,128

13,633

1,748

13 %

Business development and advertising

6,386

7,408

(1,022)

(14)%

6,683

7,535

6,517

(131)

(2)%

Equipment

4,527

4,729

(202)

(4)%

4,653

4,450

4,599

(72)

(2)%

Legal and professional

6,083

6,861

(778)

(11)%

5,639

4,429

4,672

1,411

30 %

Loan and foreclosure costs

2,594

1,951

642

33 %

2,748

1,793

1,979

615

31 %

FDIC assessment

10,436

9,139

1,298

14 %

8,223

7,131

13,946

(3,510)

(25)%

Other intangible amortization

2,203

- %

2,203

- %

Loss on prepayments of FHLB advances

14,243

(14,243)

(100)%

N/M

Other

11,974

10,496

1,478

14 %

8,659

6,450

4,513

7,461

165 %

Total noninterest expense

210,619

224,282

(13,664)

(6)%

200,597

195,861

197,657

12,962

7 %

Income (loss) before income taxes

121,095

(177,752)

298,847

N/M

108,142

102,884

101,185

19,910

20 %

Income tax expense (benefit)

19,409

(16,137)

35,546

N/M

20,124

(12,689)

20,016

(607)

(3)%

Net income (loss)

101,687

(161,615)

263,301

N/M

88,018

115,573

81,169

20,518

25 %

Preferred stock dividends

2,875

- %

2,875

- %

Net income (loss) available to common equity

98,812

(164,490)

263,301

N/M $

85,143

112,698

78,294

20,518

26 %

Earnings (loss) per common share

Basic

0.60

(1.04)

1.64

N/M $

0.56

0.75

0.52

0.08

15 %

Diluted

0.59

(1.03)

1.62

N/M $

0.56

0.74

0.52

0.07

13 %

Average common shares outstanding

Basic

Diluted

N/M = Not meaningful

Numbers may not recalculate due to rounding conventions.

165,228

157,710

7,518

5 %

150,247

149,872

149,855

15,373

10 %

166,604

159,164

7,441

5 %

151,492

151,288

151,292

15,312

10 %

Associated Banc-Corp

Selected Quarterly Information

($ in millions except per share data; shares repurchased and outstanding in thousands)

1Q25

4Q24

3Q24

2Q24

1Q24

Per common share data

Dividends

0.23

0.22

Market value:

High

25.63

28.14

23.95

22.48

22.00

Low

21.06

20.64

20.07

19.90

19.73

22.53

23.90

21.54

21.15

21.51

Book value / share

27.09

26.55

27.90

26.85

26.37

Tangible book value / share

20.25

19.71

20.37

19.28

18.78

Performance ratios (annualized)

Return on average assets

0.97 %

(1.53)%

0.85 %

1.13 %

0.80 %

Noninterest expense / average assets

2.00 %

2.12 %

1.93 %

1.92 %

1.95 %

Effective tax rate

16.03 %

N/M

18.61 %

(12.33)%

19.78 %

Dividend payout ratio(a)

38.33 %

N/M

39.29 %

29.33 %

42.31 %

Net interest margin

2.97 %

2.81 %

2.78 %

2.75 %

2.79 %

Selected trend information

Average full time equivalent employees(b)

4,006

3,982

4,041

4,025

4,070

Branch count

183

188

Assets under management, at market value(c)

14,685

14,773

15,033

14,304

14,171

Mortgage portfolio serviced for others

6,243

6,285

6,302

6,307

6,349

Mortgage servicing rights, net / mortgage portfolio serviced for others

1.38 %

1.40 %

1.30 %

1.36 %

1.34 %

Shares repurchased during period(d)

900

Shares outstanding, end of period

165,807

166,178

151,213

150,785

150,739

Selected quarterly ratios

Loans / deposits

86.07 %

85.92 %

89.38 %

90.60 %

87.49 %

Stockholders' equity / assets

10.82 %

10.70 %

10.46 %

10.19 %

10.13 %

Risk-based capital(e)(f)

Total risk-weighted assets

33,801

33,950

33,326

32,768

32,753

Common equity Tier 1

3,417

3,397

3,238

3,172

3,089

Common equity Tier 1 capital ratio

10.11 %

10.01 %

9.72 %

9.68 %

9.43 %

Tier 1 capital ratio

10.68 %

10.58 %

10.30 %

10.27 %

10.02 %

Total capital ratio

12.75 %

12.61 %

12.36 %

12.34 %

12.08 %

Tier 1 leverage ratio

8.69 %

8.73 %

8.49 %

8.37 %

8.24 %

N/M = Not meaningful

Numbers may not recalculate due to rounding conventions.

Associated Banc-Corp

Selected Asset Quality Information

($ in thousands)

Mar 31, 2025

Dec 31, 2024

Seql Qtr %

Sep 30, 2024

Jun 30, 2024

Mar 31, 2024

Comp Qtr %

Change

Allowance for loan losses

Balance at beginning of period

363,545

361,765

- % $

355,844

356,006

351,094

4 %

Provision for loan losses

16,500

14,000

18 %

19,000

21,000

27,000

(39)%

Charge offs

(13,714)

(13,770)

- %

(15,337)

(23,290)

(24,018)

(43)%

Recoveries

5,017

1,551

N/M

2,258

2,127

1,930

160 %

Net (charge offs) recoveries

(8,698)

(12,220)

(29)%

(13,078)

(21,163)

(22,088)

(61)%

Balance at end of period

371,348

363,545

2 %

361,765

355,844

356,006

4 %

Allowance for unfunded commitments

Balance at beginning of period

38,776

35,776

8 % $

33,776

31,776

34,776

12 %

Provision for unfunded commitments

(3,500)

3,000

N/M

2,000

(3,000)

17 %

Balance at end of period

35,276

38,776

(9)%

35,776

33,776

31,776

11 %

Allowance for credit losses on loans (ACLL)

406,624

402,322

1 %

397,541

389,620

387,782

5 %

Provision for credit losses on loans

(24)%

(46)%

13,000

17,000

21,000

23,000

24,000

($ in thousands)

Mar 31, 2025

Dec 31, 2024

Seql Qtr %

Sep 30, 2024

Jun 30, 2024

Mar 31, 2024

Comp Qtr %

Change

Net (charge offs) recoveries

Commercial and industrial

(4,726)

(2,406)

96 % $

(10,649)

(13,676)

(18,638)

(75)%

Commercial real estate-owner occupied

N/M

(100)%

Commercial and business lending

(4,726)

(2,406)

96 %

(10,649)

(13,674)

(18,636)

(75)%

Commercial real estate-investor

(892)

(6,617)

(87)%

(1)

(4,569)

N/M

Real estate construction

N/M

- %

Commercial real estate lending

(863)

(6,612)

(87)%

(4,541)

N/M

Total commercial

(5,589)

(9,018)

(38)%

(10,647)

(18,216)

(18,606)

(70)%

Residential mortgage

197

(239)

N/M

(160)

(289)

(62)

N/M

Auto finance

(1,519)

(1,782)

(15)%

(1,281)

(1,480)

(2,094)

(27)%

Home equity

289

277

4 %

424

238

211

37 %

Other consumer

(2,076)

(1,457)

42 %

(1,414)

(1,417)

(1,537)

35 %

Total consumer

(3,109)

(3,202)

(3)%

(2,431)

(2,947)

(3,482)

(11)%

Total net (charge offs) recoveries

(8,698)

(12,220)

(29)%

(13,078)

(21,163)

(22,088)

(61)%

(In basis points)

Mar 31, 2025

Dec 31, 2024

Sep 30, 2024

Jun 30, 2024

Mar 31, 2024

Net (charge offs) recoveries to average loans

(annualized)

Commercial and industrial

(18)

(9)

(43)

(55)

(77)

Commercial real estate-owner occupied

Commercial and business lending

(16)

(8)

(39)

(50)

(69)

Commercial real estate-investor

(7)

(51)

(37)

Real estate construction

Commercial real estate lending

(5)

(37)

(25)

Total commercial

(12)

(19)

(23)

(40)

(41)

Residential mortgage

(1)

Auto finance

(22)

(26)

(19)

(24)

(35)

Home equity

Other consumer

(268)

(208)

(216)

(221)

(232)

Total consumer

(11)

(8)

(10)

(13)

Total net (charge offs) recoveries

(12)

(16)

Seql Qtr %

(18)

(29)

(30)

Comp Qtr %

($ in thousands)

Mar 31, 2025

Dec 31, 2024

Sep 30, 2024

Jun 30, 2024

Mar 31, 2024

Change

Credit quality

Nonaccrual loans

134,808

123,260

9 % $

128,476

154,423

178,346

(24)%

Other real estate owned (OREO)

23,475

20,217

16 %

18,830

8,325

8,437

178 %

Repossessed assets

688

687

- %

793

671

1,241

(45)%

Total nonperforming assets

158,971

144,164

10 %

148,098

163,418

188,025

(15)%

Loans 90 or more days past due and still accruing

(5)%

26 %

3,036

3,189

7,107

2,354

2,417

Allowance for credit losses on loans to total loans

1.34 %

1.35 %

1.33 %

1.32 %

1.31 %

Allowance for credit losses on loans to nonaccrual

301.63 %

326.40 %

309.43 %

252.31 %

217.43 %

loans

Nonaccrual loans to total loans

0.44 %

0.41 %

0.43 %

0.52 %

0.60 %

Nonperforming assets to total loans plus OREO and

0.52 %

0.48 %

0.49 %

0.55 %

0.64 %

repossessed assets

Nonperforming assets to total assets

0.37 %

0.34 %

0.35 %

0.39 %

0.46 %

Annualized year-to-date net charge offs (recoveries) to

0.12 %

0.23 %

0.25 %

0.30 %

year-to-date average loans

Disclaimer

Associated Banc-Corp published this content on April 24, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 24, 2025 at 20:39 UTC.