Associated Banc-Corp ASB Income Statement

Associated banc-corp (ASB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest income
Interest and fees on loans
964,032	998,099	1,028,877	1,029,947	1,015,809	976,990	910,462	857,785	795,385	749,000	724,340	694,718	673,531	659,538	645,667	633,980	623,338	615,627	616,561	612,928	607,140	598,582	590,930	585,119	585,386	587,526	588,749	592,177	592,469	595,965	595,690	591,821	588,991	582,739	579,351	582,510	591,967	608,487	645,307	690,722	0	0	0
Interest and dividends on investment securities
Taxable
91,523	100,304	108,367	114,777	118,690	119,741	116,236	110,503	103,538	96,909	93,713	92,499	93,111	95,152	99,129	101,118	100,716	100,292	98,958	99,058	101,299	102,464	101,719	98,226	93,563	88,919	84,971	83,975	85,529	86,945	89,432	99,397	111,748	123,371	132,937	138,575	143,516	155,032	169,484	180,021	0	0	0
Tax-exempt
58,631	57,565	55,849	53,241	49,381	44,782	40,320	36,705	34,065	32,977	32,724	32,597	32,348	32,049	31,648	31,424	31,095	31,152	30,949	30,515	29,980	29,064	28,368	27,596	27,351	27,345	27,580	27,996	28,346	28,655	28,880	29,129	29,498	29,937	30,743	31,866	32,920	33,915	34,263	34,583	0	0	0
Other interest
15,721	16,643	16,343	15,514	14,672	12,623	11,504	9,960	8,360	7,719	6,961	5,533	5,298	4,829	5,088	5,513	5,966	6,591	6,773	6,787	6,878	6,635	6,267	6,024	5,395	5,193	6,616	6,690	6,719	6,719	5,094	5,188	5,364	5,575	6,401	7,602	8,377	8,692	0	0	0	-	-
Total interest income
1,129,906	1,172,610	1,209,437	1,213,481	1,198,553	1,154,137	1,078,523	1,014,953	941,348	886,605	857,738	825,347	804,288	791,568	781,532	772,035	761,115	753,662	753,241	749,288	745,297	736,745	727,284	716,965	711,695	708,983	707,916	710,838	713,063	718,284	719,096	725,535	735,601	741,622	749,432	760,553	776,780	806,126	855,685	909,379	0	0	0
Interest expense
Interest on deposits
211,179	237,286	245,567	234,098	205,479	176,118	150,102	127,764	110,513	94,025	79,655	64,995	55,493	50,335	45,406	40,809	37,272	33,125	31,600	29,700	27,754	26,294	26,315	27,311	28,885	31,267	33,018	35,152	37,936	41,431	47,294	53,187	59,535	65,748	73,833	84,068	95,527	106,023	120,795	139,909	0	0	0
Interest on federal funds purchased and securities sold under agreements to repurchase
1,320	1,579	1,500	1,859	2,111	2,006	1,984	2,248	2,534	2,527	2,421	1,979	1,533	1,314	1,229	1,151	1,008	943	932	1,074	1,145	1,219	1,272	1,190	1,217	1,322	1,609	2,051	2,330	2,687	3,939	4,789	0	-	0	0	-	-	-	-	-	0	0
Interest on other short-term funding
137	149	158	163	177	186	-792	-760	-727	293	-174	52	813	248	1,842	1,629	899	465	435	585	750	785	857	1,058	1,303	1,519	1,517	1,898	2,570	3,294	2,439	2,853	3,692	6,215	1,936	2,556	2,340	787	8,590	11,829	0	0	0
Interest on FHLB advances
67,888	69,816	73,142	76,564	80,099	73,668	62,332	50,163	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on long-term funding
26,314	28,106	29,584	28,283	25,431	22,579	16,275	14,724	14,724	18,176	15,084	17,769	20,148	21,657	34,349	37,765	41,484	42,851	40,803	36,337	31,841	27,480	25,335	26,022	27,427	29,332	31,973	36,845	41,250	44,880	48,086	49,600	51,635	50,632	51,191	52,523	53,437	58,341	64,145	70,252	0	0	0
Total interest expense
306,838	336,936	349,949	340,967	313,297	274,557	235,893	201,593	170,531	145,385	123,488	102,685	88,728	84,295	82,826	81,354	80,663	77,384	73,770	67,696	61,490	55,778	53,779	55,581	58,832	63,440	68,117	75,946	84,086	92,292	102,734	111,615	121,825	128,791	137,566	147,943	158,500	172,347	193,530	221,990	0	0	0
Net interest income
823,069	835,674	859,486	872,513	885,256	879,580	842,630	813,360	770,817	741,220	734,250	722,662	715,560	707,273	698,706	690,681	680,452	676,278	679,471	681,592	683,807	680,967	673,505	661,384	652,863	645,543	639,799	634,892	628,977	625,992	616,362	613,920	613,776	612,831	611,866	612,610	618,280	633,779	662,155	687,389	0	0	0
Provision for credit losses
63,001	16,000	17,000	10,000	6,000	0	-1,000	9,000	17,000	26,000	41,000	57,000	59,000	70,000	75,000	62,000	53,000	37,500	22,500	15,500	15,500	16,000	13,300	11,500	11,800	10,100	17,900	18,700	13,400	10,100	1,000	5,000	21,000	52,000	114,000	174,000	255,665	390,010	422,420	513,442	0	0	0
Net interest income after provision for credit losses
760,068	819,674	842,486	862,513	879,256	879,580	843,630	804,360	753,817	715,220	693,250	665,662	656,560	637,273	623,706	628,681	627,452	638,778	656,971	666,092	668,307	664,967	660,205	649,884	641,063	635,443	621,899	616,192	615,577	615,892	615,362	608,920	592,776	560,831	497,866	438,610	362,615	243,769	239,735	173,947	0	0	0
Noninterest income
Noninterest Income In Scope of Topic 606
286,857	288,247	288,389	288,394	290,097	290,084	0	0	0	-	-	301,304	252,734	252,651	66,739	66,679	65,938	65,471	65,900	66,476	68,185	68,779	69,103	69,549	69,580	70,009	69,496	68,379	67,704	68,917	69,883	72,542	74,886	75,908	78,515	82,411	89,745	96,740	107,179	113,005	0	0	0
Retail commission income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Capital markets, net
24,608	19,862	17,147	17,946	18,003	20,120	22,295	21,806	21,065	19,642	20,251	22,653	22,404	22,059	21,572	16,730	15,629	14,558	12,831	13,600	13,007	12,862	10,131	9,844	12,819	13,080	14,552	15,509	13,108	14,241	13,948	13,612	10,049	8,711	9,948	7,566	8,320	6,072	1,111	2,613	0	0	0
Insurance commissions and fees
-	-	-	-	-	-	-	-	-	-	-	-	81,033	-	80,815	78,945	77,017	75,363	67,959	58,258	51,832	44,421	45,102	48,598	44,578	44,024	43,612	43,906	47,187	47,014	42,753	42,123	40,763	45,554	54,229	58,931	0	-	0	0	-	-	-
Card-based and loan fees
-	-	-	-	-	-	-	-	-	-	-	-	50,551	-	46,766	46,607	47,487	47,912	48,252	48,041	47,021	47,114	50,177	50,458	50,472	49,913	49,919	49,440	48,933	47,862	46,441	49,523	53,186	57,905	62,478	62,093	61,085	59,299	55,043	51,995	0	0	0
Trust and asset management fees
-	-	-	-	-	-	-	-	-	-	-	-	47,355	-	46,621	47,194	48,200	48,840	49,332	49,277	48,779	48,403	47,884	47,046	46,434	45,633	44,124	43,140	41,860	40,737	39,819	39,214	39,101	39,145	39,152	38,823	38,328	37,853	37,392	36,499	0	0	0
Brokerage commission and fees
-	-	-	-	-	-	-	-	-	-	-	-	16,774	-	15,741	15,395	15,489	15,378	15,180	15,411	15,739	16,089	16,474	16,226	15,394	14,877	14,674	14,514	15,032	15,643	15,992	17,283	0	-	0	0	-	-	-	-	-	-	-
Mortgage banking, net
33,309	31,878	28,389	21,461	18,253	19,911	19,809	22,382	21,151	19,360	27,750	39,456	38,496	38,121	34,833	23,185	29,059	32,263	26,920	26,946	22,367	21,320	26,669	23,542	37,443	48,847	54,100	66,139	63,611	63,500	59,647	48,587	28,532	12,723	16,275	20,761	29,574	33,136	18,998	38,288	0	0	0
Bank and corporate owned life insurance
14,147	14,845	14,727	13,930	14,556	13,951	13,861	16,901	16,822	16,250	16,432	13,142	12,216	14,371	13,125	12,283	11,691	9,796	10,443	11,501	12,131	13,576	13,624	12,935	13,205	11,855	12,274	12,747	12,630	13,952	14,566	15,266	15,602	14,896	15,585	15,351	16,091	15,761	15,041	14,446	0	0	0
Asset gains (losses), net
0	-	-141	-2,055	0	-	825	1,846	-1,117	-	51	-967	-844	-86	-1,244	34	2,231	2,540	7,200	11,890	10,935	10,830	9,248	6,248	5,305	5,413	2,517	-2,726	-7,666	-12,096	-14,863	-15,413	-13,807	-12,199	-18,770	-17,265	-12,410	-12,065	-2,644	-1,577	0	0	0
Investment securities gains (losses), net
10,395	5,957	5,931	2,173	-305	-1,985	-1,982	-1,656	0	-	0	0	-	9,316	10,296	13,105	11,231	8,133	0	0	0	-	-	-	-	-	-	-	-	4,261	3,893	388	-189	-228	5,261	0	0	-	0	-	-	-	-
Other-than-temporary impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	820	2,372	2,394	2,417	5,685	3,928	0	-	0	0	-	0	0
Less: Non-credit portion recognized in other comprehensive income (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	726	1,533	1,533	1,533	2,987	2,121	0	-	0	0	-	0	0
Realized gains, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Investment securities gains, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	734	3,992	4,521	4,261	3,799	-451	-1,050	-1,112	-2,685	1,424	1,314	24,917	26,758	22,008	0	0	0
Other
10,257	11,165	9,866	10,131	9,819	9,051	10,306	9,758	9,736	9,523	9,125	9,051	8,627	8,519	8,327	8,265	8,764	9,103	8,465	8,664	7,041	6,973	7,686	7,469	8,748	8,884	9,129	10,163	9,924	9,259	9,502	8,105	10,764	14,358	14,558	16,564	15,739	12,493	15,401	17,493	0	0	0
Total noninterest income
387,928	380,824	371,935	359,385	356,390	355,568	356,066	353,661	343,229	332,680	340,425	349,764	349,522	352,883	343,591	328,422	332,736	329,357	316,545	311,388	297,153	290,861	296,549	292,557	304,620	313,099	315,131	325,203	316,844	313,290	305,740	293,748	279,383	273,119	277,400	290,301	309,606	335,462	336,135	356,179	0	0	0
Noninterest expense
Personnel
481,213	487,063	482,983	484,289	485,041	482,676	473,171	456,793	439,879	428,976	439,276	434,997	430,060	424,676	407,815	405,130	405,987	404,741	401,530	398,046	392,853	390,399	394,356	394,808	396,806	397,015	393,873	391,002	385,030	381,404	373,935	369,788	365,495	360,144	355,266	344,822	334,638	325,063	312,838	313,369	0	0	0
Technology
84,216	82,429	77,642	74,633	73,971	72,674	72,608	70,278	66,299	63,004	59,539	58,479	57,456	57,300	56,840	57,415	59,319	60,613	61,241	60,066	58,306	55,472	53,854	52,604	50,661	49,445	48,188	46,887	45,540	43,548	40,922	37,787	34,457	32,475	30,442	30,057	29,949	29,714	30,109	30,733	0	0	0
Occupancy
61,996	62,399	59,640	58,995	60,236	59,121	58,444	56,219	53,980	53,842	54,035	57,103	57,486	56,069	57,097	55,922	57,015	60,896	60,767	60,323	59,800	57,677	57,772	58,787	59,307	59,409	61,998	61,574	61,277	60,794	57,317	57,188	55,843	55,939	55,042	52,994	52,037	49,937	48,987	49,171	0	0	0
Business development and advertising
28,790	29,600	30,235	30,457	30,866	30,923	30,168	29,719	29,804	28,946	27,049	24,536	23,975	26,351	27,705	28,418	28,656	25,772	26,658	28,161	26,409	26,144	25,440	23,920	23,871	23,346	20,907	20,019	20,459	21,303	22,812	23,292	23,476	23,038	21,004	19,762	18,883	18,385	17,425	18,071	0	0	0
Equipment
23,321	23,550	23,476	22,979	23,355	23,243	22,597	21,991	21,272	21,201	21,279	21,366	21,528	21,489	21,856	22,540	22,883	23,209	23,662	23,792	24,280	24,784	25,145	25,225	25,460	25,351	25,286	25,008	24,265	23,566	22,408	21,324	20,574	19,873	19,486	19,272	18,753	18,371	18,047	18,080	0	0	0
Legal and professional
21,110	19,901	20,231	19,983	21,599	23,061	23,557	24,329	23,756	22,509	21,309	19,865	19,010	19,869	18,648	18,051	17,539	17,052	0	0	0	-	-	-	-	-	-	-	26,862	31,232	27,709	24,312	23,438	18,205	18,907	21,392	22,126	20,439	18,435	17,247	0	0	0
Card issuance costs
-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan and foreclosure costs
9,835	8,861	7,974	8,775	8,584	7,410	2,541	3,432	5,645	7,293	12,367	12,572	13,040	13,641	14,318	14,088	14,327	14,102	13,628	14,136	14,075	13,866	13,897	13,241	12,665	13,162	12,615	12,755	12,659	12,285	12,624	11,927	11,962	12,008	0	0	0	-	-	-	-	-	-
Loan expense
-	-	-	-	-	-	-	-	-	7,293	12,459	12,571	0	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	0	-	12,624	11,927	11,962	12,008	0	0	0	-	-	-	-	-	-
Legal and professional fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses other than loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	21,077	19,159	15,174	17,921	13,501	14,346	19,111	14,793	0	0	0	-	-
Foreclosure / OREO expense, net
-	-	-	3,350	-	-	-	3,935	4,096	-	4,270	4,324	4,472	4,844	6,538	6,223	6,157	5,442	4,781	6,219	6,530	7,264	8,383	8,815	9,542	10,068	10,532	12,088	14,129	15,069	15,768	16,679	18,694	21,393	17,200	19,567	22,115	23,783	32,672	38,899	0	0	0
FDIC assessment
18,000	16,250	18,000	21,750	25,500	30,000	31,750	31,800	31,550	31,300	33,050	34,250	35,000	34,750	33,000	30,000	27,250	26,000	25,456	26,315	25,260	23,761	21,684	19,580	19,030	19,461	19,395	19,657	20,040	19,478	20,801	22,690	25,110	28,484	33,443	37,963	42,792	46,377	43,733	50,397	0	0	0
Other intangible amortization
10,536	9,948	9,469	9,016	8,860	8,159	6,426	4,643	2,971	1,959	1,984	2,059	2,102	2,093	2,088	2,448	2,797	3,094	3,349	3,454	3,557	3,747	3,983	4,003	4,023	4,043	4,081	4,119	4,157	4,195	4,325	4,456	4,585	4,714	4,741	4,768	4,844	4,919	5,099	5,278	0	0	0
Acquisition related costs(b)
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
47,081	46,666	53,152	54,765	56,518	55,530	56,194	52,632	51,096	50,102	32,191	34,685	38,151	41,478	53,733	55,674	56,396	57,426	56,283	56,714	57,212	59,184	63,228	61,799	60,642	59,123	60,255	60,172	61,324	61,849	56,947	57,820	57,301	56,329	48,619	52,408	54,407	58,513	69,920	71,975	0	0	0
Total noninterest expense
794,508	793,988	783,543	787,026	800,505	821,799	810,335	783,349	748,407	709,133	706,349	704,236	702,280	702,560	699,638	695,909	698,326	698,347	694,701	694,969	686,117	679,783	686,603	679,921	680,692	680,649	670,710	675,242	672,576	674,723	676,645	666,422	656,109	650,523	636,155	633,255	632,576	620,259	604,588	618,039	0	0	0
Income (loss) before income taxes
353,487	406,509	430,880	434,873	435,142	413,349	389,361	374,672	348,638	338,767	327,326	311,190	303,802	287,596	267,659	261,194	261,862	269,788	278,815	282,511	279,343	276,045	270,151	262,520	264,991	267,893	266,320	266,153	259,845	254,459	244,457	236,246	216,050	183,427	139,111	95,656	39,645	-41,028	-28,718	-87,913	0	0	0
Income tax expense
67,547	79,720	87,210	88,612	84,349	79,786	94,772	101,012	106,188	109,503	93,239	88,288	89,792	87,322	79,427	77,340	77,699	81,487	84,567	87,494	87,361	85,536	80,622	77,540	78,488	79,201	78,758	77,854	76,117	75,486	70,987	67,832	56,571	43,728	26,529	10,109	-8,741	-40,172	-29,848	-57,398	0	0	0
Net income
285,942	326,790	343,671	346,261	350,792	333,562	294,587	273,659	242,450	229,264	234,087	222,902	214,010	200,274	188,232	183,854	184,163	188,301	194,248	195,017	191,982	190,509	189,529	184,980	186,503	188,692	187,562	188,299	183,728	178,973	173,470	168,414	159,479	139,699	112,582	85,547	48,386	-856	1,130	-30,515	0	0	0
Preferred stock dividends
15,202	15,202	15,110	13,718	12,246	10,784	9,416	9,346	9,356	9,347	9,356	9,205	9,035	8,903	8,753	8,749	8,125	7,155	6,182	5,253	4,986	5,002	5,050	5,080	5,102	5,158	5,185	5,200	5,200	5,200	5,200	11,205	18,717	24,830	30,930	31,014	29,579	29,531	29,473	29,415	0	0	0
Net income available to common equity
270,739	311,587	328,562	332,544	338,547	322,779	285,172	264,313	233,094	219,917	224,731	213,697	204,975	191,371	179,479	175,105	176,038	181,146	188,066	189,764	186,996	185,507	184,479	179,900	181,401	183,534	182,377	183,099	178,528	173,773	168,270	157,209	140,762	114,869	81,652	54,533	18,807	-30,387	-28,343	-59,930	0	0	0
Earnings per common share
Basic
0.27	0.44	0.50	0.49	0.50	0.51	0.49	0.51	0.41	0.32	0.41	0.36	0.36	0.35	0.34	0.31	0.27	0.27	0.31	0.32	0.30	0.31	0.31	0.28	0.27	0.28	0.27	0.28	0.27	0.26	0.26	0.24	0.24	0.22	0.20	0.15	0.09	0.04	0.04	-0.06	-0.20	0.07	-0.19
Diluted
0.27	0.43	0.49	0.49	0.50	0.51	0.48	0.50	0.40	0.30	0.41	0.36	0.35	0.34	0.34	0.31	0.27	0.27	0.31	0.31	0.30	0.30	0.31	0.28	0.27	0.28	0.27	0.28	0.27	0.26	0.26	0.24	0.24	0.22	0.20	0.15	0.09	0.04	0.04	-0.06	-0.20	0.07	-0.19
Average common shares outstanding
Basic
154,701	156,902	159,126	162,180	163,928	164,711	170,516	170,633	163,520	150,555	150,565	151,573	150,815	149,256	148,708	148,511	148,601	148,813	148,614	149,903	150,070	151,812	155,925	159,940	161,467	162,543	164,954	166,605	168,234	170,685	171,650	172,839	173,846	173,526	173,418	173,323	173,213	173,168	172,989	172,921	165,842	127,863	127,861
Diluted
155,619	158,241	160,382	163,672	165,433	166,285	172,802	173,409	166,432	153,449	152,968	154,302	153,869	150,887	149,973	149,530	149,454	150,341	149,799	151,108	151,164	152,999	156,991	160,838	162,188	162,613	165,443	166,748	168,404	170,959	171,780	172,841	173,848	173,526	173,418	173,327	173,217	173,167	172,990	172,921	165,842	127,863	127,861
Insurance commissions and fees
Noninterest Income In Scope of Topic 606
86,248	89,104	90,634	91,316	92,327	89,511	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management fees(a)
Noninterest Income In Scope of Topic 606
84,103	83,467	82,249	82,458	82,100	82,562	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and deposit account fees
Noninterest Income In Scope of Topic 606
63,242	63,135	63,463	63,806	64,770	66,075	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card-based fees
Noninterest Income In Scope of Topic 606
40,224	39,912	40,330	39,655	39,633	39,810	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and account fees
40,091	39,755	40,164	39,491	39,475	39,656	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other fee-based revenue
Noninterest Income In Scope of Topic 606
13,041	12,629	11,712	11,157	11,266	12,126	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and account fees
19,456	18,942	19,505	18,727	17,821	17,818	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-