Associated Banc-Corp Reports First Quarter 2025 Net Income Available to Common Equity of $99 Million, or $0.59 per Common Share

Core Viewpoint - Associated Banc-Corp reported a strong financial performance for the first quarter of 2025, with net income of $99 million, a significant recovery from a loss in the previous quarter and an increase compared to the same period last year [1][2]. Financial Performance - Net income available to common equity was $99 million, or $0.59 per share, compared to a loss of $164 million, or $1.03 per share in Q4 2024, and earnings of $78 million, or $0.52 per share in Q1 2024 [1]. - The first quarter 2025 net interest income was $286 million, an increase of $16 million from the prior quarter and $28 million from the same period last year [7]. - Noninterest income totaled $59 million, an increase of $266 million from the prior quarter but a decrease of $6 million, or 10%, from the same period last year [11]. Loan and Deposit Growth - Average total loans for Q1 2025 were $30.1 billion, a decrease of $91 million from the prior quarter but an increase of 3%, or $742 million, from the same period last year [5]. - Average deposits for Q1 2025 were $34.8 billion, an increase of 1%, or $496 million, from the prior quarter and an increase of 5%, or $1.6 billion, from the same period last year [6]. Capital and Credit Quality - The CET1 capital ratio was 10.11% as of March 31, 2025, indicating a strong capital position [16]. - The provision for credit losses on loans was $13 million, down from $17 million in the prior quarter and $24 million in the same period last year [15]. Strategic Initiatives - The company achieved key milestones in its strategic plan, including commercial expansion and a record-high net promoter score, contributing to a solid financial quarter [2]. - The company expects loan growth of 5% to 6% and deposit growth of 1% to 2% for the year 2025 compared to the year ended December 31, 2024 [5][6].