Associated Banc : 2023 Barclays Conference Investor Presentation

Published: 2023-09-11 16:28:03 ET ASB

Barclays Global Financial

Services Conference

Investor Presentation

September 11, 2023

Associated Banc-Corp

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," "target," "outlook," "project," "guidance," 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 Form 10-Qs and other SEC filings, and such factors are incorporated herein by reference.

Trademarks:

All trademarks, service marks, and trade names referenced in this material are official trademarks and the property of their respective owners.

Presentation:

Within the charts and tables presented, certain segments, columns and rows may not sum to totals shown due to rounding.

Non-GAAP Measures:

This presentation includes certain non-GAAP financial measures. These non-GAAP measures are provided in addition to, and not as substitutes for, measures of our financial performance determined in accordance with GAAP. Our calculation of these non-GAAP measures may not be comparable to similarly titled measures of other companies due to potential differences between companies in the method of calculation. As a result, the use of these non-GAAP measures has limitations and should not be considered superior to, in isolation from, or as a substitute for, related GAAP measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found at the end of this presentation.

Franchise Profile1

Associated Banc-Corp (NYSE: ASB) is the largest bank holding company based in Wisconsin2

Risk Mgmt &

Shared Services

Corporate &

14%

Commercial

Consumer

Specialty

38%

& Business

Average

28%

Average

Lending

Loans

37%

Deposits

Commercial

Community, Consumer &

Business

Real Estate

58%

25%

1 All figures as of or for the quarter ended June 30, 2023 unless otherwise noted.

$41B

Assets

$4B

Equity

~4,200

Employees

21%

Uninsured,

Uncollateralized

Deposit Ratio

$30B

Loans

$32B

Deposits

196

Branches3

179%

Liquidity Coverage4

Strong Credit Risk Profile

We've significantly de-risked our portfolio since 2009

Replaced high-risk portfolios with lower-riskasset classes

Prime/super prime consumer portfolios

Geographically anchored in

stable Midwest markets

Diversified CRE portfolio with

limited urban office exposure

Strong Credit Risk Profile1

A company-wide focus on discipline and diversification has strengthened our credit profile

Stable, Low-Risk Total Loan Portfolio

Prime/Super-Prime Consumer Portfolio

23%

Other

Com'l &

33%

Loans by

Business

Loans by

Other 2

Lending

State

37%