ASSOCIATED BANC-CORP
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
ASB$30.36-0.6%Stored close · as of Nov 6, 2026
Contents
Table of Contents
ASSOCIATED BANC-CORP
Table of Contents
| Page | |
|---|---|
| PART I. Financial Information | |
| Item 1. Financial Statements (Unaudited): | 5 |
| Consolidated Balance Sheets | 5 |
| Consolidated Statements of Income | 6 |
| Consolidated Statements of Comprehensive Income | 7 |
| Consolidated Statements of Changes in Stockholders’ Equity | 8 |
| Consolidated Statements of Cash Flows | 9 |
| Notes to Consolidated Financial Statements | 11 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 50 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 71 |
| Item 4. Controls and Procedures | 72 |
| PART II. Other Information | |
| Item 1. Legal Proceedings | 73 |
| Item 1A. Risk Factors | 73 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 73 |
| Item 5. Other Information | 73 |
| Item 6. Exhibits | 74 |
| Signatures | 75 |
ASSOCIATED BANC-CORP
Commonly Used Terms
The following listing provides a reference of common acronyms, abbreviations, and other defined terms used throughout the document:
| ACLL | Allowance for Credit Losses on Loans |
|---|---|
| AFS | Available for Sale |
| ALCO | Asset / Liability Committee |
| ASU | Accounting Standards Update |
| the Bank | Associated Bank, National Association |
| Basel III | International framework established by the Basel Committee on Banking Supervision for the regulation of capital and liquidity |
| bp | basis point(s) |
| BTFP | Bank Term Funding Program |
| CDs | Certificates of Deposit |
| CDIs | Core Deposit Intangibles |
| CECL | Current Expected Credit Losses |
| CET1 | Common Equity Tier 1 |
| CFPB | Consumer Financial Protection Bureau |
| Corporation / our | Associated Banc-Corp collectively with all of its subsidiaries and affiliates |
| CRA | Community Reinvestment Act |
| CRE | Commercial Real Estate |
| EAR | Earnings at Risk |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FFELP | Federal Family Education Loan Program |
| FHLB | Federal Home Loan Bank |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FICO | Fair Isaac Corporation, provider of a broad-based risk score to aid in credit decisions |
| FNMA | Federal National Mortgage Association |
| FTEs | Full-time equivalent employees |
| FTP | Funds Transfer Pricing |
| GAAP | Generally Accepted Accounting Principles |
| GNMA | Government National Mortgage Association |
| GSE | Government-Sponsored Enterprise |
| HTM | Held to Maturity |
| LTV | Loan-to-Value |
| Moody's | Moody’s Investors Service |
| MSRs | Mortgage Servicing Rights |
| MVE | Market Value of Equity |
| NAV | Measured at fair value using Net Asset Value per share (or its equivalent) as a practical expedient |
| Net Free Funds | Noninterest-bearing sources of funds |
| NPAs | Nonperforming Assets |
| OCI | Other Comprehensive Income |
| OREO | Other Real Estate Owned |
| Parent Company | Associated Banc-Corp individually |
| RAP | Retirement Account Plan - the Corporation's noncontributory defined benefit retirement plan |
| Repurchase Agreements | Securities sold under agreements to repurchase |
|---|---|
| Restricted Stock Awards | Restricted common stock and restricted common stock units to certain key employees |
| Retirement Eligible Colleagues | Colleagues whose retirement meets the early retirement or normal retirement definitions under the applicable equity compensation plan |
| ROCET1 | Return on Common Equity Tier 1 |
| SBA | Small Business Administration |
| SEC | U.S. Securities and Exchange Commission |
| Series E Preferred Stock | The Corporation's 5.875% Non-Cumulative Perpetual Preferred Stock, Series E, liquidation preference $1,000 per share |
| Series F Preferred Stock | The Corporation's 5.625% Non-Cumulative Perpetual Preferred Stock, Series F, liquidation preference $1,000 per share |
| SOFR | Secured Overnight Finance Rate |
| YTD | Year-to-Date |
| PART I - FINANCIAL INFORMATION | |
|---|---|
| ITEM 1. | Financial Statements: |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.