Associated Banc-Corp (ASB)

Associated Banc-Corp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,835	1,720	992.64	693.73	785.24	998.1
Interest Income on Investments	284.49	237.65	152.61	104.46	127.6	174.51
Total Interest Income	2,119	1,958	1,145	798.19	912.84	1,173
Interest Paid on Deposits	887.79	673.62	98.31	18.62	67.64	237.29
Interest Paid on Borrowings	201.19	244.85	89.62	53.71	82.24	99.65
Total Interest Expense	1,089	918.48	187.93	72.33	149.88	336.94
Net Interest Income	1,030	1,040	957.32	725.86	762.96	835.68
Net Interest Income Growth (YoY)	-4.17%	8.59%	31.89%	-4.86%	-8.70%	-4.99%
Trust Income	89.47	82.5	84.12	89.85	84.96	83.47
Mortgage Banking Activities	8.91	19.43	18.87	50.75	63.28	31.94
Gain (Loss) on Sale of Assets	-1.54	0.45	1.34	12.05	163.04	2.71
Gain (Loss) on Sale of Investments	-191.15	-195.14	3.75	-0.02	9.22	5.96
Other Non-Interest Income	111.44	106.9	111.98	115.32	154.95	193.67
Total Non-Interest Income	66.35	63.18	282.37	332.36	531.76	380.89
Non-Interest Income Growth (YoY)	-73.06%	-77.62%	-15.04%	-37.50%	39.61%	7.29%
Revenues Before Loan Losses	1,097	1,103	1,240	1,058	1,295	1,217
Provision for Loan Losses	89.01	83.02	33	-88.01	174.01	16
Revenue	1,008	1,020	1,207	1,146	1,121	1,201
Revenue Growth (YoY)	-18.69%	-15.49%	5.27%	2.28%	-6.65%	-2.76%
Salaries and Employee Benefits	465.37	451.02	437.39	410.69	411.15	462.06
Federal Deposit Insurance	70.8	67.07	22.65	18.15	20.35	16.25
Amortization of Goodwill & Intangibles	8.81	8.81	8.81	8.84	10.19	9.95
Selling, General & Administrative	249.7	244.53	230.61	225.38	227.96	242.88
Other Non-Interest Expense	31.73	36.84	41.67	38.72	49.14	53.99
Total Non-Interest Expense	833.51	813.68	747.06	709.92	731.39	793.99
EBT Excluding Unusual Items	174.2	206.05	459.63	436.31	389.33	406.57
Asset Writedown	-	-	-	-	-17.7	-0.06
Other Unusual Items	-	-	-	-	-44.65	-
Pretax Income	174.2	206.05	459.63	436.31	326.97	406.51
Income Tax Expense	-19.75	23.1	93.51	85.31	20.2	79.72
Net Income	193.95	182.96	366.12	350.99	306.77	326.79
Preferred Dividends & Other Adjustments	12.53	12.53	13.71	19.48	20.35	17.28
Net Income to Common	181.42	170.42	352.41	331.51	286.43	309.52
Net Income Growth	-49.30%	-50.03%	4.31%	14.42%	-6.13%	-2.03%
Basic Shares Outstanding	150	150	149	151	153	161
Diluted Shares Outstanding	151	151	150	152	154	162
Shares Change (YoY)	-0.00%	0.24%	-0.98%	-1.08%	-5.12%	-4.60%
EPS (Basic)	1.21	1.14	2.36	2.20	1.87	1.93
EPS (Diluted)	1.20	1.13	2.34	2.18	1.86	1.91
EPS Growth	-50.74%	-51.71%	7.34%	17.20%	-2.62%	1.06%
Dividend Per Share	0.880	0.850	0.810	0.760	0.720	0.690
Dividend Growth	4.76%	4.94%	6.58%	5.56%	4.35%	11.29%
Effective Tax Rate	-	11.21%	20.34%	19.55%	6.18%	19.61%

Source: S&P Capital IQ. Banks template. Financial Sources.