ASSOCIATED BANC-CORP
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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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.
Sep 30, 2024 · Filed Oct 29, 2024
ASB$30.89+1.7%Stored close · as of Nov 9, 2026
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Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income (Unaudited)
| Three Months Ended Sep 30, | Nine Months Ended Sep 30, | |||
|---|---|---|---|---|
| ($ in thousands) | 2024 | 2023 | 2024 | 2023 |
| Net income | $88,018 | $83,248 | $284,760 | $273,762 |
| Other comprehensive income (loss), net of tax | ||||
| AFS investment securities | ||||
| Net unrealized gains (losses) | 90,858 | (56,924) | 49,844 | (69,512) |
| Amortization of net unrealized losses on AFS securities transferred to HTM securities | 2,147 | 2,327 | 6,329 | 6,883 |
| Reclassification adjustment for net losses realized in net income | — | — | 197 | — |
| Income tax (expense) benefit | (23,198) | 13,928 | (14,060) | 15,879 |
| Other comprehensive income (loss) on AFS securities | 69,807 | (40,669) | 42,309 | (46,751) |
| Cash flow hedge derivatives | ||||
| Net unrealized gains (losses) | 25,609 | (13,592) | (639) | (33,976) |
| Reclassification adjustment for net losses realized in net income | 4,705 | 4,516 | 14,297 | 9,097 |
| Income tax benefit | 7,405 | 2,315 | 5,213 | 5,488 |
| Other comprehensive income (loss) on cash flow hedge derivatives | 37,718 | (6,762) | 18,871 | (19,391) |
| Defined benefit pension and postretirement obligations | ||||
| Amortization of prior service cost | (73) | (81) | (217) | (244) |
| Amortization of actuarial (gain) loss | (7) | (7) | (21) | 15 |
| Income tax benefit (expense) | 20 | 23 | (1,594) | 31 |
| Other comprehensive (loss) on pension and postretirement obligations | (60) | (66) | (1,832) | (198) |
| Total other comprehensive income (loss) | 107,466 | (47,497) | 59,348 | (66,340) |
| Comprehensive income | $195,483 | $35,751 | $344,108 | $207,422 |
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