---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-125536"
form_type: "8-K"
ticker: "ASB"
cik: "0000007789"
company_name: "ASSOCIATED BANC-CORP"
filed_at: "2024-12-04T23:59:59+00:00"
generated_at: "2026-05-29T09:10:51.885679+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Associated Banc-Corp repositioning: sells $1.3B securities, $0.7B mortgage loans; expects $253M after-tax Q4 loss

## Summary
- Sold ~$1.3B of AFS securities (avg yield 1.87%) and reinvested ~$1.5B into higher-yielding securities (avg yield 5.08%, ~4yr duration).
- Agreed to sell ~$0.7B low-yielding mortgage loans (avg yield 2.99%), expected close Q1 2025; proceeds to repay $0.6B FHLB advances.
- Expects after-tax loss of ~$253M from repositioning, causing a net loss for Q4 2024; transaction adds ~$15.8M quarterly NII pro forma.
- Pro forma NIM improves 19bps to 2.97%, CET1 ratio +39bps to 10.11%, ROATCE +83bps to 12.35% (based on 3Q24).
- Common stock offering in Nov 2024 raised ~$330.7M (13.8M shares at $25.00) to bolster capital and support organic growth.

## SEC filing metadata
- accession: 0001104659-24-125536
- form_type: 8-K
- ticker: ASB
- cik: 0000007789
- company_name: ASSOCIATED BANC-CORP
- filed_at: 2024-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/7789/000110465924125536/0001104659-24-125536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7789/000110465924125536/tm2430097d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-125536
- JSON: https://secwatch.observer/filing/0001104659-24-125536.json
- Plain text: https://secwatch.observer/filing/0001104659-24-125536.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.