ASSOCIATED BANC-CORPASB
ASSOCIATED BANC-CORP Revenue Disclosure
Revenue from Contracts with Customers
Revenue from contracts with customers is recognized when obligations under the terms of a contract with the Corporation's customer are satisfied. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. We do not have any material significant payment terms as payment is received at or shortly after the satisfaction of the performance obligation.
The Corporation's disaggregated revenue by major source is presented below:
| For the Year Ended December 31, 2025 | ||||||||||||||
| (in thousands) | Corporate and Commercial Specialty | Community, Consumer and Business | Risk Management and Shared Services | Consolidated Corporation | ||||||||||
| Wealth management fees | $ | — | $ | 96,579 | $ | — | $ | 96,579 | ||||||
| Service charges and deposit account fees | 12,853 | 40,761 | 35 | 53,649 | ||||||||||
Card-based fees(a) | 648 | 47,456 | (1,368) | 46,736 | ||||||||||
| Other revenue | 825 | 8,297 | 232 | 9,354 | ||||||||||
| Noninterest income (loss) (in-scope of Topic 606) | $ | 14,326 | $ | 193,093 | $ | (1,101) | $ | 206,318 | ||||||
| Noninterest income (out-of-scope of Topic 606) | 47,599 | 16,358 | 16,125 | 80,082 | ||||||||||
| Total noninterest income | $ | 61,925 | $ | 209,451 | $ | 15,024 | $ | 286,400 | ||||||
| For the Year Ended December 31, 2024 | ||||||||||||||
| (in thousands) | Corporate and Commercial Specialty | Community, Consumer and Business | Risk Management and Shared Services | Consolidated Corporation | ||||||||||
| Wealth management fees | $ | — | $ | 92,569 | $ | — | $ | 92,569 | ||||||
| Service charges and deposit account fees | 11,627 | 39,977 | 38 | 51,642 | ||||||||||
Card-based fees(a) | 1,652 | 45,287 | 88 | 47,027 | ||||||||||
| Other revenue (expense) | 315 | 8,103 | (138) | 8,280 | ||||||||||
| Noninterest income (loss) (in-scope of Topic 606) | $ | 13,594 | $ | 185,936 | $ | (12) | $ | 199,518 | ||||||
| Noninterest income (loss) (out-of-scope of Topic 606) | 39,841 | 12,549 | (261,315) | (208,925) | ||||||||||
| Total noninterest income (loss) | $ | 53,435 | $ | 198,485 | $ | (261,327) | $ | (9,407) | ||||||
| For the Year Ended December 31, 2023 | ||||||||||||||
| (in thousands) | Corporate and Commercial Specialty | Community, Consumer and Business | Risk Management and Shared Services | Consolidated Corporation | ||||||||||
| Wealth management fees | $ | — | $ | 82,502 | $ | — | $ | 82,502 | ||||||
| Service charges and deposit account fees | 10,191 | 38,831 | 23 | 49,045 | ||||||||||
Card-based fees(a) | 1,348 | 43,745 | 28 | 45,121 | ||||||||||
| Other revenue | 959 | 8,168 | 764 | 9,891 | ||||||||||
| Noninterest income (in-scope of Topic 606) | $ | 12,498 | $ | 173,246 | $ | 815 | $ | 186,560 | ||||||
| Noninterest income (loss) (out-of-scope of Topic 606) | 39,407 | 20,702 | (183,486) | (123,377) | ||||||||||
| Total noninterest income (loss) | $ | 51,905 | $ | 193,948 | $ | (182,671) | $ | 63,182 | ||||||
| (a) Certain card based fees are out-of-scope of Topic 606. | ||||||||||||||
Below is a listing of performance obligations for the Corporation's main revenue streams:
| Revenue Stream | Noninterest Income In-Scope of Topic 606 | |||||||
| Service charges and deposit account fees | Service charges and deposit account fees consist of monthly service fees (i.e. business analyzed fees and consumer service charges) and other deposit account related fees. The Corporation's performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Other deposit account related fees are largely transactional-based, and therefore, the Corporation's performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges and deposit account fees is primarily received immediately or in the following month through a direct charge to customers’ accounts. | |||||||
Card-based fees(a) | Card-based fees are primarily comprised of debit and credit card income, ATM fees, and merchant services income. Debit and credit card income is primarily comprised of interchange fees earned whenever the Corporation's debit and credit cards are processed through card payment networks. ATM and merchant fees are largely transactional-based, and therefore, the Corporation's performance obligation is satisfied, and related revenue recognized, at a point in time. Payment is typically received immediately or in the following month. | |||||||
Trust and asset management fees(b) | Trust and asset management income is primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Corporation's performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month end through a direct charge to the customers’ accounts. The Corporation's performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered. | |||||||
Brokerage and advisory fees(b) | Brokerage and advisory fees primarily consist of investment advisory, brokerage, retirement services, and annuities. The Corporation's performance obligation for investment advisory services and retirement services is generally satisfied, and the related revenue recognized, over the period in which the services are provided. The performance obligation for annuities is satisfied upon sale of the annuity, and therefore, the related revenue is primarily recognized at the time of sale. Payment for these services is typically received immediately or in advance of the service. | |||||||
(a) Certain card-based fees are out-of-scope of Topic 606.
(b) Trust and asset management fees and brokerage and advisory fees are included in wealth management fees.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 8, 2024 | |
| 2022 | Feb 13, 2023 | |
| 2021 | Feb 8, 2022 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.