Associated Banc-corp · NYSE:ASB
Associated Banc-corp — Q3 2014 Earnings Presentation
10 slides from Associated Banc-corp's earnings presentation, Oct 16, 2014
Slide 1: Associated Banc-Corp 3Q 2014 Earnings Presentation
ASSOCIATED BANC-CORP 3Q 2014 EARNINGS PRESENTATION OCTOBER 16, 2014 Exhibit 99.2
Slide 2: Forward-Looking Statements
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
Slide 3: Third Quarter Highlights
THIRD QUARTER HIGHLIGHTS Loan Growth and Credit Quality Drive Strong Results • Average loans of $17.1 billion were up $495 million; up 3% from the second quarter – Total average commercial loans grew $235 million from the second quarter – Average residential mortgage loans grew $231 million from the
Slide 4: Loan Portfolio Composition
LOAN PORTFOLIO COMPOSITION 3Q 2014 Average Net Loan Change (+$495 mln) Loan Mix – 3Q 2014 (Average) Average Quarterly Loans ($ in billions) $13.4 $14.9 $15.7 $16.6 $17.1
Slide 5: Commercial Line Utilization Trends
COMMERCIAL LINE UTILIZATION TRENDS Line utilization increased in Commercial & Business Lending Change from 2Q 14 Commercial Real Estate (including construction) - 320 bps Commercial & Business Lending + 170 bps
Slide 6: Growing Net Interest Income While Margin Compresses
GROWING NET INTEREST INCOME WHILE MARGIN COMPRESSES Yield on Interest-earning Assets Cost of Interest-bearing Liabilities Net Interest Income & Net Interest Margin
Slide 7: Noninterest Income Trends
NONINTEREST INCOME TRENDS ($ IN MILLIONS) – Core Fee-based Revenue = Trust service fees plus Service charges on deposit accounts plus Card-based and other nondeposit fees plus Insurance commissions plus Brokerage and annuity commissions. This is a non-GAAP measure. Please refer to press release tabl
Slide 8: Noninterest Expense Trends
NONINTEREST EXPENSE TRENDS ($ IN MILLIONS) – Efficiency ratio = Noninterest expense, excluding amortization of intangibles, divided by sum of taxable equivalent net interest income plus noninterest income, excluding investment securities gains, net, and asset gains, net. This is a non-GAAP financial
Slide 9: Credit Quality Indicators
CREDIT QUALITY INDICATORS ($ IN MILLIONS)
Slide 10: Reconciliation and Definitions of Non-GAAP Items
RECONCILIATION AND DEFINITIONS OF NON-GAAP ITEMS 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 Efficiency Ratio Reconciliation: Efficiency ratio (1) 71.45% 73.70% 70.41% 69.70% 69.44% Taxable equivalent adjustment (1.50) (1.49) (1.35) (1.32) (1.36) Asset gains, net 0.59 0.80 0.22 0.26 1.36 Other intangibl