Associated Banc-corp · NYSE:ASB
Associated Banc-corp — Investor Presentation (November 2024)
22 slides from Associated Banc-corp's investor presentation, Nov 21, 2024
Slide 1: Associated Banc-Corp Fall 2024 Shareholder Engagement
Associated Banc-Corp Fall 2024 Shareholder Engagement Exhibit 99.1
Slide 2: Forward-Looking Statements
1 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
Slide 3: Introduction
2 Introduction Highlight ELT promotions Discuss progress on our strategic initiatives Highlight our current approach to executive compensation and obtain feedback Highlight some of our sustainability initiatives Reasons for Reaching Out Andy Harmening, President and CEO Derek Meyer, Chie
Slide 4: Executive Leadership Team Promotions
3 Executive Leadership Team Promotions Phillip Trier promoted to Head of Corporate and Commercial Banking on November 1, 2024 Gregory Warsek promoted to Deputy Head of Commercial Real Estate and Facilities on November 1, 2024
Slide 5: Key Highlights
4 Key Highlights We’ve positioned ASB for success by advancing our growth strategy while remaining disciplined on credit Ongoing tailwinds from successful execution of Phase 1 initiatives Enhanced profitability profile from balance sheet repositioning completed in 4Q 2023 Leadership team bolst
Slide 6: Our Growth Strategy
5 Our Growth Strategy Phase 1 Foundational for Growth 2021-2023 Phase 2 Advancing our Growth Strategy 2023-Current Upgraded Product & Service Offerings Launched Mass Affluent Strategy Modernized Digital Banking Experience Introduced “Champion of You” Brand Strategy Enhanced Lending Capabilities Comp
Slide 7: Phases 1 + 2: Consumer & Small Business Banking
6 Phases 1 + 2: Consumer & Small Business Banking Our efforts to upgrade the customer experience are largely completed, with expected results on track 2022 2023 2024 Highest mobile banking satisfaction score since internal tracking began in 20184 Total checking household growth of 1.5% in 3Q (an
Slide 8: Phases 1 + 2: Commercial Banking
7 Phases 1 + 2: Commercial Banking We’ve bolstered our commercial leadership team & continue to invest by adding talented RMs in key markets 2021-2022 2023 2024 Launched Asset-Based Lending & Equipment Finance verticals Shifted to balanced scorecard incentive structure, with an emphasis on whole
Slide 9: Improving our Return Profile Over Time
8 Improving our Return Profile Over Time1 Our efforts to remix the balance sheet & drive toward improved profitability are on track Strategy Progress Since 2021 Growing diversified asset classes to decrease reliance on legacy low-yielding, low-relationship asset classes ▪ Expanded Commercial RM base
Slide 10: Tailwinds into 2025
9 Tailwinds into 20251 Progress against several key performance indicators has positioned us for growth in 2025 Driving Net Household Growth Total checking household growth of 1.5% in 3Q (annualized) Improved quality of households +13% in YTD deposit balances per new consumer checking househol
Slide 11: Open discussion on areas of investor interest
Open discussion on areas of investor interest
Slide 12: Executive Compensation Overview
11 Executive Compensation Overview • Our executive compensation program is significantly focused on performance, with equity-based incentives representing most of the variable components to align with company outcomes and shareholder objectives. • Equity awards are heavily weighted in the form of pe
Slide 13: 2024 Executive Pay Programs
12 2024 Executive Pay Programs Designed to enable execution of our strategic priorities, perform better than our competitors and drive long-term shareholder value Peer Group 2024 Management Incentive Plan (Annual) 2024 Long-Term Incentive Plan (Executive Leadership Team) Maintained same peer group
Slide 14: Shareholder Friendly Pay Practices
13 Shareholder Friendly Pay Practices Solid incentive plan governance Double trigger change in control is applied for equity vesting Robust clawback policy Stock ownership requirements include a salary multiple and a post-vesting holding period Dividend equivalents on unvested stock are no
Slide 15: Human Capital Overview
14 Human Capital Overview Our Approach Attract • Targeted hiring brought talent into key roles • Refreshed and relaunched Talent Brand • Created Executive Recruiter role to drive strategic hiring Engage • Workplace survey with 90%+ participation and 10,000+ comments • Colleague Appreciation Week and
Slide 16: Development Programs
15 Development Programs Associated provides a multitude of development programs to provide colleagues with opportunities to develop skills and advance their careers Specialized Development Programs Mentoring Programs Leadership Development Programs 5 Programs 3 Programs Tailored Level Programs Devel
Slide 17: Diversity Equity and Inclusion
16 Diversity Equity and Inclusion Our efforts are centered around mirroring our communities, matching customer needs, and producing exceptional value for our shareholders Diversified outreach and partnerships to enhance pool of job candidates Line of Business focus areas and action plans Inclu
Slide 18: Top Sustainability Priorities at Associated Bank
17 Top Sustainability Priorities at Associated Bank As we continue to develop our sustainability strategies, we review topics that are of significant interest to our internal and external stakeholders. From these ideas, we take into account the long-term value they offer to Associated, as well as en
Slide 19: 2023 Program and Performance Highlights
18 2023 Program and Performance Highlights
Slide 20: Sustainability Board Governance and Oversight
19 Sustainability Board Governance and Oversight
Slide 21: Highly Qualified and Experienced Board
20 Highly Qualified and Experienced Board Our Board members are highly skilled individuals from diverse backgrounds who possess unique qualities, attributes and professional experience. The Board of Directors are responsible for overseeing the corporate sustainability strategies and risks of Ass
Slide 22: Board Refreshment and Governance Practices
21 Board Refreshment and Governance Practices Board Refreshment • Important factor in overall board effectiveness • Regularly evaluate board composition • At the April 2024 Annual Meeting of Shareholders, Rodney Jones-Tyson was elected to Associated's Board of Directors. Strong Corporate Governance
Associated Banc-Corp — Investor Presentation (November 2024) on 6ix