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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