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Income Statement
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Common Size IS
Op Efficiency
Credit Analysis

ASSOCIATED BANC-CORP (ASB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Interest income          
Interest and fees on loans  693.7785.2998.1977.0 659.5615.6598.6
   
Interest and dividends on investment securities          
Taxable  37.959.8100.3119.796.995.2100.3102.5
Tax-exempt  58.758.357.644.833.032.031.229.1
Other interest  7.89.516.612.67.74.86.66.6
    Total interest income  798.2912.81,172.61,154.1886.6791.6753.7736.7
   
Interest expense          
Interest on deposits  18.667.6237.3176.194.050.333.126.3
Interest on federal funds purchased and securities sold under agreements to repurchase  0.10.51.62.02.51.30.91.2
Interest on other short-term funding  0.00.10.10.20.30.20.50.8
Interest on FHLB advances  36.557.469.873.730.410.7  
Interest on long-term funding  17.122.428.122.618.221.742.927.5
    Total interest expense  72.3149.9336.9274.6145.484.377.455.8
    Net interest income  725.9763.0835.7879.6741.2707.3676.3681.0
Provision for credit losses  -88.0174.016.0 26.070.037.516.0
    Net interest income after provision for credit losses  813.9589.0819.7879.6715.2637.3638.8665.0
   
Noninterest income          
Noninterest Income In Scope of Topic 606          
Card-based fees          
Mortgage banking, net  50.845.631.919.919.438.132.321.3
Bank and corporate owned life insurance         13.6
Other  11.010.211.29.19.58.59.17.0
    Noninterest Income, Total  332.4514.1380.8355.6332.7352.9329.4290.9
   
Noninterest expense          
Personnel  426.7432.2487.1482.7429.0424.7404.7390.4
Technology  81.781.282.472.763.057.360.655.5
Occupancy  63.564.162.459.153.856.160.957.7
Business development and advertising  21.118.429.630.928.926.425.826.1
Equipment  21.121.723.623.221.221.523.224.8
Legal and professional  21.921.519.923.122.519.917.117.5
FDIC assessment  18.220.416.330.031.334.826.023.8
Other intangible amortization  8.810.29.98.22.02.13.13.7
Other  38.749.154.055.550.141.557.459.2
    Total noninterest expense  709.9776.0794.0821.8709.1702.6698.3679.8
    Income before income taxes  436.3327.0406.5413.3338.8287.6269.8276.0
Income tax expense  85.320.279.779.8109.587.381.585.5
            Tax rate  19.6%6.2%19.6%19.3%32.3%30.4%30.2%31.0%
    Net income  351.0306.8326.8333.6229.3200.3188.3190.5
Preferred stock dividends  17.118.415.210.89.38.97.25.0
    Net income available to common equity  333.9288.4311.6322.8219.9191.4181.1185.5
   
Earnings per common share          
Basic  $2.20$1.87$1.93$1.92$1.45$1.27$1.20$1.17
Diluted  $2.18$1.86$1.91$1.89$1.42$1.26$1.19$1.16
   
Average common shares outstanding          
Basic  150.8153.0160.5167.3150.9148.8149.4157.3
Diluted  152.0153.6161.9169.7153.6150.0150.6158.3

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