 ASSOCIATED BANC-CORP 4Q 2013 EARNINGS PRESENTATION JANUARY 16, 2014 Exhibit 99.2 |
 FORWARD-LOOKING STATEMENTS 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. 1 |
 2013 FULL YEAR HIGHLIGHTS 2 Solid Earnings with Balance Sheet Growth Revenue, Net Income & ROT1CE Balance Sheet Net Interest Income & Net Interest Margin • Average loans of $15.7 billion were up 6% from 2012 – Commercial and Residential Mortgage loans up 12% each from 2012 – Home Equity and Installment loans declined from 2012 • Net interest income of $646 million was up 3% from 2012 – Net interest margin of 3.17% compared to 3.30% last year Capital • 2013 dividends of $0.33/share, up 43% from 2012 • Repurchased 7.7 million shares of stock during 2013 • Capital ratios remain very strong with a Tier 1 common equity ratio of 11.46% Noninterest Income & Expense • Noninterest income of $313 million was flat compared to 2012 – Increases in Gains on Sale of Assets was almost entirely offset by decline in Mortgage Banking Income • Noninterest expense of $681 million was down $1 million from prior year • Total 2013 revenues of $959 million, up 2% from 2012 • Net income available to common shareholders of $184 million or $1.10 per share • Return on Tier 1 Common Equity of 9.8%, compared to 9.5% for 2012 • Average deposits of $17.4 billion were up 12% from last year |
 LOAN PORTFOLIO COMPOSITION 3 Average 2013 YTD Loans of $15.7 billion 2013 Average Net Loan Change (from 2012) Loan Mix – 2013 Annual (Average) ($ balances in millions) Home Equity & Installment Commercial Real Estate Residential Mortgage Power & Utilities Oil & Gas Mortgage Warehouse General Commercial Loans Average Annual Loans ($ in billions) +12% % Chg +11% +7% +151% (15%) (17%) Commercial & Business Lending +13% +54% |
 GROWING NET INTEREST INCOME WHILE MARGIN COMPRESSES 4 Yield on Interest-earning Assets Net Interest Income & Net Interest Margin ($ in millions) |
 NONINTEREST EXPENSE DRIVERS 5 1 – FTE = Average Full Time Equivalent Employees 2 – Technology Spend = Data Processing and Equipment expenses 3 – Other Non-Personnel Spend = Total Noninterest Expense less Personnel and Technology spend 4 – Legal & Professional Spend = Includes consulting and certain BSA related remediation expenses. |
 IMPROVEMENT IN CREDIT QUALITY INDICATORS ($ IN MILLIONS) 6 |
 STRONG CAPITAL PROFILE & SUSTAINED EARNINGS • Current capital levels are well in excess of “well-capitalized” regulatory benchmarks – Existing capital levels are already above Basel III capital levels 7 Tier 1 Common Equity Ratio Net Income Available to Common & ROT1CE Net Income Available to Common ($ in millions) Return on Tier 1 Common Equity Definition of Tier 1 Common Equity: Tier 1 Common Equity (T1CE), a non-GAAP financial measure, is used by banking regulators, investors and analysts to assess and compare the quality and composition of our capital with the capital of other financial services companies. Management uses Tier 1 common equity, along with other capital measures, to assess and monitor our capital position. Tier 1 Common Equity is Tier 1 capital excluding qualifying perpetual preferred stock and qualifying trust preferred securities. |
 2014 OUTLOOK 8 Asset Growth Deposits / Funding Mix Margin Noninterest Income Noninterest Expense Capital Provision • Mid single digit average loan growth • High single digit average deposits and other funding growth • Continued modest NIM compression • NII down slightly. Mortgage banking income decline offset by core fee categories growth • Flat compared to 2013 with continued focus on efficiency initiatives • Continue to follow stated corporate priorities for capital deployment • Provision will grow based on expected loan growth |