Anchor BanCorp Wisconsin (ABCW) 8-K Anchor BanCorp Wisconsin Inc. Announces Fourth Quarter and Year End Results

Exhibit 99.1

News Release

FOR IMMEDIATE RELEASE

Contact: Jennifer Ranville, 608-252-8862

Anchor BanCorp Wisconsin Inc. Announces Fourth Quarter and Year End Results

MADISON, Wisc., February 6, 2015 — Anchor BanCorp Wisconsin Inc. (the “Company”) (NASDAQ:ABCW) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2014. Anchor concluded a strong, profitable year with net income of $14.6 million or $1.60 per diluted common share.

“Since our recapitalization, we have improved our asset quality, posted five quarters of consecutive positive earnings and continued to grow our business franchise with a strong focus on our Commercial Banking Division. Our asset quality has improved significantly as non-performing loans and real estate owned declined by over $60 million in the last year. As a result of these and other efforts, AnchorBank is healthy and in its strongest financial condition in several years,” said Chris Bauer, President and CEO of AnchorBank.

Net income for the fourth quarter was $5.1 million compared to $5.0 million in the quarter ended September 30, 2014 and $3.8 million for the quarter ended December 31, 2013. Earnings per share were $0.55 for the quarter compared to $0.55 for the quarter ended September 30, 2014, and $0.41 per share for the quarter ended December 31, 2013.

Highlights for the quarter ended December 31, 2014, include:

• Net income of $5.1 million for the fourth quarter of 2014 compared to $3.8 million in the prior year quarter ended December 31, 2013 and an increase of $161,000 over the quarter ended September 30, 2014.

• Non-interest income of $9.0 million for the fourth quarter of 2014 compared to $8.0 million in the prior year quarter ended December 31, 2013. The fourth quarter 2014 includes a gain of $1.4 million for the sale of the Capital Square office building and $1.0 million related to the sale of our Richland Center Branch.

• Capital ratios at the Bank, continue to increase with Tier 1 capital at 10.43% as of December 31, 2014 compared to 9.60% as of December 31, 2013. The total risk-based capital ratio was 18.25% as of December 31, 2014, compared to 17.07% at December 31, 2013.

• Loan delinquencies (loans 30 to 89 days past due) decreased $7.3 million, or 45.0%, to $8.9 million at December 31, 2014 from $16.2 million at December 31, 2013.

• Total non-performing loans decreased $33.4 million, or 48.7%, to $35.1 million at December 31, 2014 from $68.5 million at December 31, 2013.

• Total non-performing assets (total non-performing loans and other real estate owned) decreased $61.4 million, or 46.5 %, to $70.6 million at December 31, 2014 from $132.0

million at December 31, 2013; as the Bank continues to reduce problem asset levels. Total non-performing assets as a percent of total assets declined to 3.39% from 4.04% in the September quarter compared to 6.25% in the year ago quarter.

• The Company recorded a negative provision for loan losses for the quarter ended December 31, 2014 of $3.3 million compared to no provision expense in the prior year period. The allowance for loan losses is 2.99% of total loans at December 31, 2014.

“While we will continue to focus on improving credit quality and operational efficiency for the Company, we also remain committed to safely and strategically growing our community bank franchise, and further strengthening our retail and commercial business lines,” Bauer said.

In October 2014, the Company completed its initial public offering in which the Company issued 250,000 shares of common stock at a public offering price of $26.00 per share, and an additional 55,794 shares of common stock were issued subsequent to the offering in conjunction with an overallotment option exercised by the underwriters. The Company shares are now listed on the NASDAQ Global Market under the symbol ABCW. In December 2014, ABCW was included in the preliminary list of quarterly initial public offering additions to the broad-market Russell Global^®, Russell 3000^®, Russell 2000^®,and Russell Microcap^® indexes. Anchor’s stock price closed December 31, 2014 at $34.44 per share representing a 32.5% increase from its October offering price of $26.00, and a market capitalization of $318.5 million.

About Anchor BanCorp Wisconsin Inc.

Anchor Bancorp is the parent company for AnchorBank, a community-based financial services company providing commercial, retail, mortgage, consumer finance and investment services to businesses and individuals from 53 banking locations throughout Wisconsin. Anchor Bancorp stock (ABCW) is listed on the NASDAQ Global Market and Russell Global Indexes. Visit AnchorBank online at ww.anchorbank.com.

Forward-Looking Statements

This news release contains certain forward-looking statements, as that term is defined in the U.S. federal securities laws. In the normal course of business, we, in an effort to help keep our shareholders and the public informed about our operations, may from time to time issue or make certain statements, either in writing or orally, that are or contain forward-looking statements. Generally, these statements relate to business plans or strategies, projections involving anticipated revenues, earnings, liquidity, capital levels, profitability or other aspects of operating results or other future developments in our affairs or the industry in which we conduct business. Although we believe that the anticipated results or other expectations reflected in our forward-looking statements are based on reasonable assumptions, we can give no assurance that those results or expectations will be attained. You should not put undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update them in light of new information or future events, except to the extent required by federal securities laws.

Anchor BanCorp Wisconsin Inc.

CONSOLIDATED FINANCIAL SUMMARY

(Unaudited)

($ in 000’s, except per share data)	Quarter Ended									Twelve Months Ended						Qtr Ended 12/14-12/13 Incr(Decr)
	12/31/2014			9/30/2014			12/31/2013			12/31/2014			12/31/2013
INCOME STATEMENT
Interest income		18,550			18,612			20,188			75,580			84,939			(8	%)
Interest expense		1,049			1,054			1,311			4,344			22,013			(20	%)
Net interest income	$	17,501		$	17,558		$	18,877		$	71,236		$	62,926			(7	%)
Provision for loan losses		(3,281	)		(1,304	)		—			(4,585	)		950			N/M
Non-interest income:
Loan servicing income, net		602			705			681			2,821			1,437			(12	%)
Service charges on deposits		2,602			2,626			2,504			10,017			10,120			4	%
Investment and insurance commissions		1,220			1,015			1,009			4,222			3,917			21	%
Net gain on sale of loans		670			837			728			2,797			8,116			(8	%)
Net gain on sale of investments		(37	)		482			292			746			92			N/M
Net gain on sale of OREO		352			987			1,118			2,540			4,597			(69	%)
Extingushment of debt		—			—			—			—			134,514			N/M
Other		3,553			1,363			1,670			7,376			4,243			113	%
Total non-interest income		8,962			8,015			8,002			30,519			167,036			12	%
Non-interest expense:
Personnel costs		11,483			10,872			10,569			44,256			42,568			9	%
Net occupancy and equipment expense		2,560			2,443			2,586			10,412			12,100			(1	%)
Data processing expense		1,576			1,340			1,616			5,602			6,162			(2	%)
OREO expense		3,328			2,999			2,294			9,779			22,056			45	%
Mortgage servicing rights impairment (recovery)		492			(53	)		60			534			(3,854	)		N/M
Provision for unfunded commitments		(486	)		(2,401	)		—			(2,107	)		3,133			N/M
Professional fees		794			906			781			3,413			6,231			2	%
Debt prepayment penalty		—			—			—			—			16,149			N/M
Reorganization costs		—			—			63			—			1,929			N/M
Other		4,874			5,809			5,156			19,819			24,926			(5	%)
Total non-interest expense		24,621			21,915			23,125			91,708			131,400			6	%
Net income before taxes		5,123			4,962			3,754			14,632			97,612			36	%
Income tax expense		—			—			—			10			9			0	%
Net income		5,123			4,962			3,754			14,622			97,603			36	%
Preferred stock dividends in arrears		—			—			—			—			(4,200	)		N/M
Preferred stock discount accretion		—			—			—			—			(8,010	)		N/M
Retirement of preferred shares		—			—			—			—			104,000			N/M
Net income available to common equity	$	5,123		$	4,962		$	3,754		$	14,622		$	189,393			36	%
SHARE DATA
Diluted earnings per share:
Net income	$	0.55		$	0.55		$	0.41		$	1.60		$	5.41			34	%
Net income available to common equity		0.55			0.55			0.41			1.60			10.50			34	%
Cash dividends		—			—			—			—			—			—
Book value		23.85			23.22			22.34									7	%
Average diluted shares outstanding		9,340,000			9,058,000			9,050,000			9,151,000			18,039,000			3	%
KEY RATIOS AND DATA
Net interest margin (FTE)		3.36	%		3.40	%		3.61	%		3.48	%		2.81	%		(0.25	)
Return on average assets		0.96	%		0.93	%		0.68	%		0.69	%		4.25	%		0.28
Average equity to average assets		10.46	%		9.99	%		9.32	%		10.04	%		0.37	%		1.14
Total risk based capital		18.25	%		17.96	%		17.07	%								1.18
Tier 1 risk-based capital		16.97	%		16.68	%		15.77	%								1.20
Tier 1 leverage		10.43	%		10.07	%		9.60	%								0.83

N/M = not meaningful

Anchor BanCorp Wisconsin Inc.

(Unaudited)

(in 000’s)	Quarter Ended Averages									Ending Balances						Ending Balances 12/14-12/13 Incr(Decr)
	12/31/14			9/30/14			12/31/13			12/31/14			12/31/13
BALANCE SHEET
Assets:
Cash and cash equivalents	$	195,093		$	192,041		$	172,849		$	147,273		$	143,396			3	%
Investment securities		293,577			294,105			287,797			294,599			277,872			6	%
Loans held for sale		5,608			5,145			4,137			6,594			3,085			114	%
Loans held for investment		1,559,421			1,547,865			1,635,367			1,571,476			1,609,506			(2	%)
Allowance for loan losses		(48,260	)		(49,377	)		(69,854	)		(47,037	)		(65,182	)		(28	%)
Loans held for investment, net		1,511,161			1,498,488			1,565,513			1,524,439			1,544,324			(1	%)
Other real estate owned (OREO), net		44,511			52,017			64,843			35,491			63,460			(44	%)
Other assets		77,081			79,148			84,848			73,983			80,337			(8	%)
Total assets	$	2,127,031		$	2,120,944		$	2,179,987		$	2,082,379		$	2,112,474			(1	%)
Liabilities and Stockholders’ Equity:
Non interest bearing deposits	$	285,960		$	276,888		$	256,541		$	291,248		$	259,926			12	%
Interest bearing deposits		1,582,144			1,595,474			1,676,296			1,522,923			1,615,367			(6	%)
Total deposits		1,868,104			1,872,362			1,932,837			1,814,171			1,875,293			(3	%)
Other borrowed funds		14,982			14,520			19,167			13,752			12,877			7	%
Other liabilities		21,500			22,186			24,724			26,793			22,106			21	%
Total liabilities	$	1,904,586		$	1,909,068		$	1,976,728		$	1,854,716		$	1,910,276			(3	%)
Total stockholders’ equity		222,445			211,876			203,259			227,663			202,198			13	%
Total liabilities & stockholders’ equity	$	2,127,031		$	2,120,944		$	2,179,987		$	2,082,379		$	2,112,474			(1	%)

	Quarter Ended									Year-to-Date					Qtr Ended 12/14-12/13 Incr(Decr)
	12/31/14			9/30/14			12/31/13			12/31/2014			12/31/2013
CREDIT QUALITY
Provision for loan losses	$	(3,281	)	$	(1,304	)	$	—		$	(4,585	)	$	950		N/M
Net charge-offs		(3,281	)		834			6,671			13,560			19,529		(149	%)
Ending allowance for loan losses		47,037			47,037			65,182								(28	%)
Key Metrics
Loans 30 to 89 days past due	$	8,892		$	9,979		$	16,165								(45	%)
Non-performing loans (NPL)		35,115			38,352			68,497								(49	%)
Other real estate owned		35,491			46,725			63,460								(44	%)
Non-performing assets		70,606			85,077			131,957								(46	%)
Allowance for loan losses to NPL		133.95	%		122.65	%		95.16	%							38.79

N/M = not meaningful