Associated Banc-Corp 2025年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended:June30, 2025 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Commission file number:001-31343 Associated Banc-Corp (Exact name of registrant as specified in its charter) (920)491-7500(Registrant’s telephone number, including area code)(not applicable)(Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past90days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T(§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☑Non-acceleratedfiler☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☑APPLICABLE ONLY TO CORPORATE ISSUERS: The number of shares outstanding of registrant’s common stock, par value $0.01 per share, at July25, 2025 was165,848,030.1 Table of ContentsPagePARTI. Financial InformationItem 1. Financial Statements (Unaudited):5Consolidated Balance Sheets5Consolidated Statements of Income6Consolidated Statements of Comprehensive Income7Consolidated Statements of Changes in Stockholders’ Equity8Consolidated Statements of Cash Flows10Notes to Consolidated Financial Statements12Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations53Item 3. Quantitative and Qualitative Disclosures About Market Risk76Item 4. Controls and Procedures77PART II. Other InformationItem 1. Legal Proceedings78Item 1A. Risk Factors78Item 2. Unregistered Sales of Equity Securities and Use of Proceeds78Item 5. Other Information78Item 6. Exhibits79Signatures80 ASSOCIATED BANC-CORPConsolidated Statements of Cash Flows (Unaudited) Item 1. Financial Statements Continued: ASSOCIATED BANC-CORPNotes to Consolidated Financial Statements These interim consolidated financial statements have been prepared according to the rules and regulations of the SEC and, therefore,certain information and footnote disclosures normally presented in accordance with GAAP have been omitted or abbreviated. Theinformation contained on the consolidated financial statements and footnotes in Associated Banc-Corp's 2024 Annual Report on Form10-K should be referred to in connection with the reading of these unaudited interim consolidated financial statements. Note 1Basis of Presentation In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary topresent fairly the financial position, results of operations and comprehensive income, changes in stockholders’ equity, and cash flowsof the Corporation for the periods presented, and all such adjustments are of a normal recurring nature. The consolidated financialstatements include the accounts of all subsidiaries. All significant intercompany transactions and balances have been eliminated inconsolidation. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the fullyear. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reportedamounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differsignificantly from those estimates. The determination of the ACLL is particularly susceptible to significant change. Management hasevaluated subsequent events for potential recognition or disclosure. Within the tables presented, certain columns and rows may not recalculate due to the use of rounded numbers for disclosure purposes. Note 2Summary of Significant Accounting Policies