Slide 1: Associated Banc-Corp 4Q 2011 Earnings Presentation
Exhibit 99.2 Associated Banc-Corp 4Q 2011 Earnings Presentation January 19, 2012
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: Fourth Quarter 2011 Highlights
Fourth Quarter 2011 Highlights • Net income available to common shareholders of $40 million or $0.23 per share – Improved 17%, or $6 million from the prior quarter • Total loans of $14.0 billion were up 4% from the end of the third quarter – Commercial and business lending grew by a net $386 million
Slide 4: 2011 Recap
2011 Recap A Year of Transition; Executing on Strategic Plan • Completed the repurchase of TARP funds in September TARP / MOU – No incremental common equity raised • OCC Memorandum of Understanding (MOU) terminated in September • Grew loans and gained market share Loan Growth – Total loans grew 11%
Slide 5: Improving Earnings Profile
Improving Earnings Profile Quarterly Results Reflect Positive Trends • Net income available to common shareholders improved 17%, or $6 million, from the prior quarter, and improved $33 million from a year ago • Full-year 2011 EPS of $0.66 per share Net Income Available to Common ($ in millions) 4
Slide 6: Loan Portfolio Growth and Composition
Loan Portfolio Growth and Composition Total Loans of $14.0 billion at December 31, 2011 Total Loans ($ in billions) 4Q 2011 Net Loan Growth of $528 million Peak Loans (4Q 2008) $16.3 billion +4% QoQ General commercial loans Power & Utilities Commercial and business lending Oil & Gas Commercial real
Slide 7: Loan Growth Trends
Loan Growth Trends ($ in thousands) Period End Loan Composition Sep 11 vs Dec 11 Sep 30, 2011 Dec 31, 2011 $ Change % Change Commercial and industrial $ 3,360,502 $ 3,724,736 $ 364,234 10.8% Lease financing 54,849 58,194 3,345 6.1% Commercial real estate - owner occupied 1,068,616 1,086,829 18,213 1
Slide 8: Managing the Cost of Funds and Deposit Levels
Managing the Cost of Funds and Deposit Levels Total Deposits of $15.1 billion at December 31, 2011 Cost of Money Market Deposits Total Deposits ($ in billions) Cost of Interest-Bearing Liabilities 7
Slide 9: Funding the Balance Sheet
Funding the Balance Sheet Assets ($ in millions) Liabilities ($ in millions) Q4 2011 Q4 2011 Net loan growth + 528 Net deposit growth + 308 Net securities run-off - 516 Net short and long-term funding - 318 More Attractive Asset Mix Lower Average Cost Liability Mix 2012 Outlook 2012 Outlook • Contin
Slide 10: Significant Improvements in Credit Quality Indicators
Significant Improvements in Credit Quality Indicators ($ in millions) 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 Provision for loan losses $ 63.0 $ 31.0 $ 16.0 $ 4.0 $ 1.0 Net charge offs $ 108.2 $ 53.4 $ 44.5 $ 30.2 $ 22.6 Potential problem loans $ 963.7 $ 911.5 $ 699.4 $ 659.5 $ 566.4 Nonaccruals $ 5
Slide 11: Maintaining a Strong Capital Profile
Maintaining a Strong Capital Profile ASBC Capital Ratios 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 Stockholders’ equity / assets 14.50% 14.88% 13.60% 13.01% 13.07% Tangible common equity / tangible assets 8.12% 8.42% 8.49% 8.77% 8.84% Tangible equity / tangible assets 10.59% 10.93% 9.71% 9.07% 9.14% T
Slide 12: 2012 Outlook
2012 Outlook Positioned for Growth; Creating Long-Term Shareholder Value Loan Growth • ~3% quarterly growth Expenses • Low single-digit YoY growth • Continued run-off of high cost CDs & disciplined deposit pricing • Net consolidation in branch Deposit Growth Footprint network while remodeling and •
Slide 13: Summary
Summary 12