Fourth Quarter 2022 Earnings Presentation JANUARY 26, 2023 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 ...

Associated Banc-Corp (NYSE:ASB) Q3 2022 Earnings Conference Call October 20, 2022 5:00 PM ET Company Participants Andrew Harmening - CEO Derek Meyer - CFO Pat Ahern - Chief Credit Officer Conference Call Participants Timur Braziler - Wells Fargo Scott Siefers - Piper Sandler Chris McGratty - KBW Terry McEvoy - Stephens Daniel Tamayo - Raymond James Operator Good afternoon, everyone, and welcome to Associated Banc-Corp's Third Quarter 2022 Earnings Conference Call. My name is Kevin, and I will be your operat ...

Associated Banc-Corp (NYSE:ASB) Q2 2022 Earnings Conference Call July 21, 2022 5:00 PM ET Company Participants Andrew Harmening - CEO Chris Niles - CFO Pat Ahern - Chief Credit Officer Conference Call Participants Timur Braziler - Wells Fargo Scott Siefers - Piper Sandler Chris McGratty - KBW Daniel Tamayo - Raymond James Terry McEvoy - Stephens Jon Arfstrom - RBC Capital Markets Operator Good afternoon, everyone, and welcome to Associated Banc Corp's Second Quarter 2022 Earnings Conference Call. My name is ...

Financial Data and Key Metrics Changes - The first-quarter earnings per share were $0.58, up 45% from the fourth quarter [8] - First-quarter net interest income was $176 million, down $12 million from the fourth quarter [16] - Nonaccrual loans decreased by 23% quarter-over-quarter, while net charge-offs fell to $5 million, down about 83% from the fourth quarter [9] - The tangible book value per share increased to $16.95 as of the end of the month [9] Business Line Data and Key Metrics Changes - Average first-quarter loans increased by $1.2 billion or 5% compared to the first quarter of 2020 [10] - Mortgage banking income increased by $9 million quarter-over-quarter, reflecting strong mortgage originations [19] - Noninterest income for the first quarter was $95 million, up over 11% from the fourth quarter [19] Market Data and Key Metrics Changes - Average deposits were up $2.5 billion or 10% over the first quarter of 2020 [14] - Low-cost deposits accounted for approximately 65% of total deposits at the end of the quarter [15] - Record levels of checking account deposit inflows were driven by additional government stimulus [8] Company Strategy and Development Direction - The company is expanding its consumer lending platform to include indirect auto lending, expecting to originate $200 million or more in 2021 [12][13] - The company aims to grow its indirect auto outstandings into a multibillion-dollar loan portfolio over time [13] - The management expressed optimism about loan growth in the latter part of the year, particularly in commercial real estate lending [11] Management Comments on Operating Environment and Future Outlook - Management noted a strengthening economy and improving credit dynamics across all portfolios [7] - The company expects full-year commercial loan growth of approximately 2% to 4%, excluding PPP loans [11] - Management anticipates that net interest margin will gradually expand over the course of the second through fourth quarters [16] Other Important Information - The company is revising its noninterest income guidance up by $30 million, now expecting between $310 million and $330 million for the year [21] - The allowance for loan losses was $404 million, down from $431 million in the prior quarter [24] - The company is targeting Common Equity Tier 1 ratio at or above 9.5% [25] Q&A Session Summary Question: What is the outlook for fee improvement for the remainder of the year? - Management expects mortgage banking to remain strong and anticipates significant loan demand in the back half of the year, contributing to fee income [30] Question: What is the credit box for the new auto lending product? - The company will operate in the higher credit quality area, focusing on prime and near-prime customers [34] Question: What is holding back from larger buybacks? - There is no specific barrier; future buybacks will be reviewed by the new CEO, and capital deployment will be done thoughtfully [36] Question: What is the outlook for net interest income? - Management believes quarterly net interest income has bottomed and expects improvement as mortgage refinance dynamics abate [39] Question: What are the drivers behind the general commercial decline? - The decline is attributed to low line utilization, currently at about 32%, which is expected to increase as business activity picks up [49] Question: What is the expected impact of the infrastructure bill? - Customers in the heavy civil contracting space are eager to get started, indicating readiness for increased activity [68]