Associated Banc-Corp (ASB)

Associated Banc-Corp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,830	1,720	992.64	693.73	785.24
Interest Income on Investments	292.46	237.65	152.61	104.46	127.6
Total Interest Income	2,123	1,958	1,145	798.19	912.84
Interest Paid on Deposits	901.8	673.62	98.31	18.62	67.64
Interest Paid on Borrowings	173.65	244.85	89.62	53.71	82.24
Total Interest Expense	1,075	918.48	187.93	72.33	149.88
Net Interest Income	1,047	1,040	957.32	725.86	762.96
Net Interest Income Growth (YoY)	0.74%	8.59%	31.89%	-4.86%	-8.70%
Trust Income	92.57	82.5	84.12	89.85	84.96
Mortgage Banking Activities	10.69	19.43	18.87	50.75	63.28
Gain (Loss) on Sale of Assets	-1.04	0.45	1.34	12.05	163.04
Gain (Loss) on Sale of Investments	-144.15	-195.14	3.75	-0.02	9.22
Other Non-Interest Income	-19.12	106.9	111.98	115.32	154.95
Total Non-Interest Income	-9.41	63.18	282.37	332.36	531.76
Non-Interest Income Growth (YoY)	-	-77.62%	-15.04%	-37.50%	39.61%
Revenues Before Loan Losses	1,038	1,103	1,240	1,058	1,295
Provision for Loan Losses	84.99	83.02	33	-88.01	174.01
Revenue	952.86	1,020	1,207	1,146	1,121
Revenue Growth (YoY)	-6.56%	-15.49%	5.27%	2.28%	-6.65%
Salaries and Employee Benefits	487.96	451.02	437.39	410.69	411.15
Federal Deposit Insurance	38.44	67.07	22.65	18.15	20.35
Amortization of Goodwill & Intangibles	8.81	8.81	8.81	8.84	10.19
Selling, General & Administrative	230.36	244.53	230.61	225.38	227.96
Other Non-Interest Expense	30.12	36.84	41.67	38.72	49.14
Total Non-Interest Expense	804.15	813.68	747.06	709.92	731.39
EBT Excluding Unusual Items	148.7	206.05	459.63	436.31	389.33
Asset Writedown	-	-	-	-	-17.7
Other Unusual Items	-14.24	-	-	-	-44.65
Pretax Income	134.46	206.05	459.63	436.31	326.97
Income Tax Expense	11.31	23.1	93.51	85.31	20.2
Net Income	123.15	182.96	366.12	350.99	306.77
Preferred Dividends & Other Adjustments	11.5	12.53	13.71	19.48	20.35
Net Income to Common	111.65	170.42	352.41	331.51	286.43
Net Income Growth	-32.69%	-50.03%	4.31%	14.42%	-6.13%
Basic Shares Outstanding	152	150	149	151	153
Diluted Shares Outstanding	153	151	150	152	154
Shares Change (YoY)	1.65%	0.24%	-0.98%	-1.08%	-5.12%
EPS (Basic)	0.73	1.14	2.36	2.20	1.87
EPS (Diluted)	0.72	1.13	2.34	2.18	1.86
EPS Growth	-36.28%	-51.71%	7.34%	17.20%	-2.62%
Dividend Per Share	0.890	0.850	0.810	0.760	0.720
Dividend Growth	4.71%	4.94%	6.58%	5.56%	4.35%
Effective Tax Rate	8.41%	11.21%	20.34%	19.55%	6.18%

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