Below are the financial statements of Associated Banc-Corp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest income | — | — | — |
| Interest and fees on loans | 1,830,241a | 1,720,406a | 992,642a |
| Interest and dividends on investment securities | — | — | — |
| Taxable | 198,579a | 146,006a | 75,444a |
| Tax-exempt | 58,572a | 63,233a | 65,691a |
| Other interest | 35,312a | 28,408a | 11,475a |
| Total interest income | 2,122,704a | 1,958,052a | 1,145,252a |
| Interest expense | — | — | — |
| Interest on deposits | -901,804a | -673,624a | -98,309a |
| Interest on federal funds purchased and securities sold under agreements to repurchase | -11,754a | -12,238a | -3,480a |
| Interest on other short-term funding | -17,597a | -1a | -2a |
| Interest on FHLB advances | -98,520a | -196,535a | -75,487a |
| Interest on long-term funding | -45,781a | -36,080a | -10,653a |
| Total interest expense | -1,075,456a | -918,479a | -187,931a |
| Net interest income | 1,047,248a | 1,039,573a | 957,321a |
| Provision for credit losses | -84,986a | -83,021a | -32,998a |
| Net interest income after provision for credit losses | 962,263a | 956,552a | 924,323a |
| Noninterest income | — | — | — |
| Wealth management fees | 92,569a | 82,502a | 84,122a |
| Service charges and deposit account fees | 51,642a | 49,045a | 62,310a |
| Card-based fees | 46,921a | 45,020a | 44,014a |
| Other fee-based revenue | 19,499a | 17,268a | 15,903a |
| Capital markets, net | 22,084a | 24,649a | 29,917a |
| Mortgage banking, net | 10,686a | 19,429a | 18,873a |
| Loss on mortgage portfolio sale | -130,406a | -136,239a | 0a |
| Bank and corporate owned life insurance | 13,477a | 10,266a | 11,431a |
| Asset (losses) gains, net | -1,042a | 454a | 1,338a |
| Investment securities (losses) gains, net | -144,147a | -58,903a | 3,746a |
| Other | 9,310a | 9,691a | 10,715a |
| Total noninterest (loss) income | -9,407a | 63,182a | 282,370a |
| Noninterest expense | — | — | — |
| Personnel | -487,956a | -468,355a | -454,101a |
| Technology | -107,563a | -102,018a | -90,700a |
| Occupancy | -54,622a | -57,204a | -59,794a |
| Business development and advertising | -28,142a | -28,405a | -25,525a |
| Equipment | -18,431a | -19,663a | -19,632a |
| Legal and professional | -21,601a | -19,911a | -18,250a |
| Loan and foreclosure costs | -8,471a | -5,408a | -5,925a |
| FDIC assessment | -38,439a | -67,072a | -22,650a |
| Other intangible amortization | -8,811a | -8,811a | -8,811a |
| Loss on prepayments of FHLB advances | -14,243a | 0a | 0a |
| Other | -30,118a | -36,837a | -41,675a |
| Total noninterest expense | -818,397a | -813,682a | -747,063a |
| Income before income taxes | 134,459a | 206,052a | 459,630a |
| Income tax expense | -11,314a | -23,097a | -93,508a |
| Net income | 123,145a | 182,956a | 366,122a |
| Preferred stock dividends | 11,500a | 11,500a | 11,500a |
| Net income available to common equity | 111,645a | 171,456a | 354,622a |
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