Associated Banc-Corp (ASB) 8-K Associated Reports First Quarter Earnings of $0.27 per share

Associated Banc-Corp

1Q 2013 Earnings Presentation

April 18, 2013

EXHIBIT 99.2

Forward-Looking Statements

1

Important

note

regarding

forward-looking

statements:

Statements made in this presentation which are not purely historical are forward-looking

statements, as defined in the Private Securities Litigation Reform Act of 1995. This

includes any statements regarding management’s plans, objectives, or goals for future

operations,

products

or

services,

and

forecasts

of

its

revenues,

earnings,

or

other

measures of performance.

Such forward-looking statements may be identified by the use

of words such as “believe”, “expect”, “anticipate”, “plan”, “estimate”, “should”, “will”, “intend”,

“outlook”, or similar expressions.

Forward-looking statements are based on current

management expectations and, by their nature, are subject to risks and uncertainties.

Actual results may differ materially from those contained in the

forward-looking

statements.

Factors which may cause actual results to differ materially from those

contained in such forward-looking statements include those identified in the Company’s

most recent Form 10-K and subsequent SEC filings.

Such factors are incorporated herein

by reference.

First Quarter 2013 Highlights

•

Net income available to common shareholders of $46 million or $0.27 per share

•

Return on Tier 1 common equity of 10.1%, compared to 9.2% for Q1

2012

2

Solid Results Driven by Fundamental Strength in Core Businesses

Net Income

&

ROT1CE

Loan Growth

Net Interest Income

&

Net Interest Margin

•

Average loans of $15.4 billion were up $317 million, or 2% from the fourth quarter

–

Total commercial loan balances grew by $190 million, or 2% from the prior quarter

•

Net interest income  of $158 million, reflecting two less days and less one-time items

–

Net interest margin of 3.17% as compared to 3.26% in third quarter 2012

Capital

•

Quarterly dividend of $0.08/share

•

Repurchased $30 million of stock during the first quarter

•

Paid Cash Dividends of $238 million from Associated Bank NA to Banc-Corp during

Q1

•

Capital ratios remain very strong with a Tier 1 common equity ratio of 11.64%

Deposit Growth

•

Average deposits increased by $496 million, or 3% QoQ

–

Period-end interest-bearing demand deposits grew by $412 million, or 16% QoQ

Loan Portfolio Growth and Composition

3

Average Loans of $15.4 billion for First Quarter 2013

1Q

2013

Average

Net

Loan

Growth

of

$317

million

Loan Mix –

1Q 2013 (Average)

($ balances in millions)

Average Quarterly Loans ($ in billions)

Managing the Cost of Funds & Margin

4

Yield on Interest-earning Assets

Cost of Interest-bearing Liabilities

Average Deposits

Net Interest Margin

($ balances in billions)

Continued Improvement in Credit Quality Indicators

5

($ in millions)

1Q 2012

2Q 2012

3Q 2012

4Q 2012

1Q 2013

Potential problem loans

$     480

$     410

$     404

$     361

$     344

Nonaccruals

$     327

$     318

$     278

$     253

$     225

Provision for loan losses

$         0

$         0

$         0

$         3

$         4

Net charge offs

$       22

$       24

$       18

$       21

$       14

ALLL/Total loans

2.50%

2.26%

2.11%

1.93%

1.84%

ALLL/Nonaccruals

108.93%

104.65%

113.29%

117.61%

127.27%

NPA/Assets

1.65%

1.62%

1.38%

1.23%

1.12%

Nonaccruals/Loans

2.29%

2.16%

1.86%

1.64%

1.45%

NCOs / Avg Loans

0.61%

0.65%

0.47%

0.55%

0.38%

Strong Capital Profile & Improving Earnings

6

Tier 1 Common Equity Ratio

Net Income Available to Common & ROT1CE

Net Income Available

to Common

($ in millions)

Return on Tier 1

Common Equity

•

Current capital levels are well in excess of      

“well-capitalized”

regulatory benchmarks

–

Existing capital levels are already above

proposed Basel III capital levels

2013 Full Year Outlook

7

Loan Growth

•

High single digit FY loan growth

Deposit Growth

Fee Income

Expenses

NIM

Growing the Franchise & Creating Long-Term Shareholder Value

Footprint

Credit

Capital

•

Continued disciplined deposit

pricing

•

Sustained focus on treasury

management solutions to drive

growth in commercial deposits

•

Continued compression over

the course of the year

•

$300 million of relatively high

cost FHLB advances maturing

during Q2 2013

•

Modest improvement in core fee-

based revenues with lower net

mortgage banking revenues

•

Flat year-over-year

•

Reduced regulatory costs offset by

continued franchise investments

•

Continuing to invest in our

branches while optimizing our

network

•

Consolidating in downtown    

Green Bay and Chicago

•

Continuing improvement in credit

trends

•

Provision expense to increase

based on new loan growth in 2013

•

Disciplined focus on

deploying capital to drive

long-term shareholder value