AI Earnings Predictions for Associated Banc-Corp (ASB)

EX-99.1

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Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Senior Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Andrea Kozek, Vice President, Public Relations Senior Manager

920-491-7518

Associated Banc-Corp Reports Second Quarter 2026 Earnings of $0.63 Per Common Share, or $0.73 Per Common Share Excluding Nonrecurring Items Recognized During the Quarter1

Results fueled by sustained organic growth trends, ongoing integration of American National Corporation.

GREEN BAY, Wis. -- July 23, 2026 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $121 million, or $0.63 per common share, for the quarter ended June 30, 2026. These amounts compare to earnings of $117 million, or $0.70 per common share, for the quarter ended March 31, 2026 and earnings of $108 million, or $0.65 per common share, for the quarter ended June 30, 2025.

The Company's results for the quarter ended June 30, 2026 were impacted by several nonrecurring expenses associated with the acquisition of American National Corporation that closed on April 1, 2026. Excluding the impact of these nonrecurring items, the Company reported adjusted earnings of $140 million, or $0.73 per common share1.

"Organic growth continues to be a primary focus for our company, and midway through 2026, we've maintained our momentum in several important ways," said President & CEO Andy Harmening. "Through June 30th, we've seen double-digit C&I growth, excellent household growth, and strong, improving annual deposit growth--all while maintaining our disciplined approach to expense management and credit. We've also been pleased with the American National partnership, which has largely come in as expected."

"As we look to the back half of 2026 and into 2027, we expect to maintain our growth trajectory through steady execution of organic initiatives and the successful integration of American National Corporation. We look forward to demonstrating our ability to deliver profitable growth sustainably over time."

Second Quarter 2026 Highlights

•Total period end loans of $36.5 billion (+15% vs. 1Q 2026; +19% vs. 2Q 2025)

•Total period end commercial & industrial loans of $13.8 billion (+11% vs. 1Q 2026; +22% vs. 2Q 2025)

•Total period end deposits of $39.9 billion (+12% vs. 1Q 2026; +17% vs. 2Q 2025)

•Total period end core customer deposits1 of $34.2 billion (+12% vs. 1Q 2026; +21% vs. 2Q 2025)

•Net interest income of $370 million (+20% vs. 1Q 2026; +23% vs. 2Q 2025)

•Net interest margin of 3.17%

•Noninterest income of $80 million

•Noninterest expense of $272 million

•Provision for credit losses of $19 million

•Allowance for credit losses on loans / total loans of 1.36%

•Net charge offs / average loans (annualized) of 0.26%

1 This is a non-GAAP financial measure. See financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

Second quarter 2026 average total loans of $35.9 billion increased 15%, or $4.6 billion, from the prior quarter and increased 18%, or $5.4 billion, from the same period last year. With respect to second quarter 2026 average balances by loan category:

•Commercial and business lending increased $1.8 billion from the prior quarter and increased $2.7 billion from the same period last year to $14.8 billion.

•Commercial real estate lending increased $1.6 billion from the prior quarter and increased $1.5 billion from the same period last year to $8.9 billion.

•Consumer lending increased $1.2 billion from the prior quarter and increased $1.2 billion from the same period last year to $12.2 billion.

Second quarter 2026 period end total loans of $36.5 billion increased 15%, or $4.7 billion, from the prior quarter and increased 19%, or $5.9 billion, from the same period last year. With respect to second quarter 2026 period end balances by loan category:

•Commercial and business lending increased $1.8 billion from the prior quarter and increased $2.9 billion from the same period last year to $15.3 billion.

•Commercial real estate lending increased $1.7 billion from the prior quarter and increased $1.7 billion from the same period last year to $9.0 billion.

•Consumer lending increased $1.2 billion from the prior quarter and increased $1.2 billion from the same period last year to $12.1 billion.

We now expect 2026 period end loan growth of 18% to 20% as compared to Associated's standalone results for the year ended December 31, 2025.

Deposits

Second quarter 2026 average deposits of $40.4 billion increased 15%, or $5.2 billion, from the prior quarter and increased 18%, or $6.2 billion, from the same period last year. With respect to second quarter 2026 average balances by deposit category:

•Noninterest-bearing demand deposits increased $1.1 billion from the prior quarter and increased $1.4 billion from the same period last year to $7.1

EX-99.1

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EX-99.1

Document

NEWS RELEASE

Investor Contact:

Ben McCarville, Senior Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Andrea Kozek, Vice President, Public Relations Senior Manager

920-491-7518

Associated Banc-Corp Delivers Record Annual Net Income Available to Common Equity of $463 Million in 2025

GREEN BAY, Wis. -- January 22, 2026 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $463 million, or $2.77 per common share for the year ended December 31, 2025. These amounts compare to earnings of $112 million, or $0.72 per common share, for the year ended December 31, 2024. For the quarter ended December 31, 2025, the Company reported earnings of $134 million, or $0.80 per common share. These amounts compare to a loss of $164 million, or $1.03 per common share for the quarter ended December 31, 2024 and earnings of $122 million, or $0.73 per common share for the quarter ended September 30, 2025.

"2025 was a pivotal year for Associated Bank," said President and CEO Andy Harmening. "We achieved several key milestones of our strategic plan, proved we can win in key growth markets, drove high-quality, relationship loan and deposit growth, and posted the strongest bottom line in company history."

"We enter 2026 with a stronger growth profile, enhanced profitability, stronger capital generation and consistently solid credit results. We have the talent, the product set and the value proposition to build on our momentum organically going forward. We're also excited to welcome American National Bank colleagues, customers and communities to the Associated family later this year. We look forward to providing additional updates on Associated's growth journey throughout the year."

2025 Highlights (all comparisons on a period end basis compared to 2024)

•Diluted GAAP earnings per common share of $2.77

•Total period end loans of $31.2 billion (+5% vs. 2024)

•Total period end deposits of $35.6 billion (+3% vs. 2024)

•Total period end core customer deposits1 of $29.6 billion (+3% vs. 2024)

•Record net interest income of $1.2 billion (+15% vs. 2024)

•Net interest margin of 3.03%

•Noninterest income of $286 million

•Noninterest expense of $856 million

•Provision for credit losses of $54 million

•Allowance for credit losses on loans / total loans of 1.35%

•Net charge offs / average loans of 0.12%

•Book value / share of $28.81

•Tangible book value / share1 of $22.01

1 This is a non-GAAP financial measure. See financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

Fourth quarter 2025 period end total loans of $31.2 billion increased 1%, or $212 million, from the prior quarter. Compared to the same period last year, period end total loans increased 5%, or $1.4 billion. With respect to fourth quarter 2025 period end balances by loan category:

•Commercial and business lending increased $268 million from the prior quarter and increased $1.3 billion from the same period last year to $13.0 billion.

•Commercial real estate lending decreased $88 million from the prior quarter and increased $30 million from the same period last year to $7.2 billion.

•Consumer lending increased $31 million from the prior quarter and increased $96 million from the same period last year to $10.9 billion.

Fourth quarter 2025 average total loans of $31.0 billion increased 1%, or $245 million, from the prior quarter and increased 3%, or $793 million, from the same period last year. With respect to fourth quarter 2025 average balances by loan category:

•Commercial and business lending increased $272 million from the prior quarter and increased $1.3 billion from the same period last year to $12.7 billion.

•Commercial real estate lending decreased $26 million from the prior quarter and increased $59 million from the same period last year to $7.3 billion.

•Consumer lending decreased $1 million from the prior quarter and decreased $537 million from the same period last year to $11.0 billion.

Full year 2025 average loans of $30.6 billion were up 3%, or $893 million, from 2024. With respect to full year 2025 average balances by loan category:

•Commercial and business lending increased $1.2 billion to $12.3 billion.

•Commercial real estate lending increased $61 million to $7.3 billion.

•Consumer lending decreased $362 million to $11.0 billion.

In 2026, we expect total period end loan growth of 5% to 6% as compared to the year ended December 31, 2025, excluding any impact from the acquisition of American National Corporation.

Deposits

Fourth quarter 2025 period end deposits of $35.6 billion were up 2%, or $671 million, from the prior quarter and were up 3%, or $904 million from the same period last year. With respect to fourth quarter 2025 period end balances by deposit category:

•Noninterest-bearing demand deposits increased $220 million fr

EX-99.1

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Senior Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Andrea Kozek, Vice President, Public Relations Senior Manager

920-491-7518

Associated Banc-Corp Reports Third Quarter 2025 Net Income Available to Common Equity of $122 Million, or $0.73 per Common Share

GREEN BAY, Wis. -- October 23, 2025 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $122 million, or $0.73 per common share, for the quarter ended September 30, 2025. These amounts compare to earnings of $108 million, or $0.65 per common share, for the quarter ended June 30, 2025 and earnings of $85 million, or $0.56 per common share, for the quarter ended September 30, 2024.

"We've continued to see promising results driven by the strategic growth investments we’ve made across our company,” said President & CEO Andy Harmening. “Here in the third quarter, we posted nearly $300 million in C&I loan growth, over $700 million in deposit growth, and strong revenue results including record-high net interest income. We also delivered solid credit performance and expanded CET1 capital by another 13 basis points.”

“As we look to the remainder of 2025 and into 2026, the Associated Bank franchise has strong momentum that continues to build. Our strategic plan puts us in a favorable position to grow and deepen our customer base, take market share, bolster capital, and improve our return profile—all while maintaining the disciplined approach that helped get us here.”

Third Quarter 2025 Highlights

•Diluted earnings per common share of $0.73

•Record net interest income of $305 million (+2% vs. 2Q 2025; +16% vs. 3Q 2024)

•Total period end loans of $31.0 billion (+1% vs. 2Q 2025; +3% vs. 3Q 2024)

•Total period end deposits of $34.9 billion (+2% vs. 2Q 2025; +4% vs. 3Q 2024)

•Total period end core customer deposits1 of $28.9 billion (+2% vs. 2Q 2025; +4% vs. 3Q 2024)

•Net interest margin of 3.04%

•Noninterest income of $81 million

•Noninterest expense of $216 million

•Provision for credit losses of $16 million

•Allowance for credit losses on loans / total loans of 1.34%

•Net charge offs / average loans (annualized) of 0.17%

•Book value / share of $28.17

•Tangible book value / share1 of $21.36

1 This is a non-GAAP financial measure. See financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

Third quarter 2025 average total loans of $30.8 billion increased 1%, or $258 million, from the prior quarter and increased 4%, or $1.1 billion, from the same period last year. With respect to third quarter 2025 average balances by loan category:

•Commercial and business lending increased $378 million from the prior quarter and increased $1.5 billion from the same period last year to $12.5 billion.

•Commercial real estate lending decreased $160 million from the prior quarter and increased $57 million from the same period last year to $7.3 billion.

•Consumer lending increased $40 million from the prior quarter and decreased $442 million from the same period last year to $11.0 billion.

Third quarter 2025 period end total loans of $31.0 billion increased 1%, or $344 million, from the prior quarter and increased 3%, or $961 million, from the same period last year. With respect to third quarter 2025 period end balances by loan category:

•Commercial and business lending increased $334 million from the prior quarter and increased $1.3 billion from the same period last year to $12.7 billion.

•Commercial real estate lending increased $8 million from the prior quarter and increased $143 million the same period last year to $7.3 billion.

•Consumer lending increased $3 million from the prior quarter and decreased $520 million from the same period last year to $10.9 billion.

We continue to expect 2025 period end loan growth of 5% to 6% as compared to the year ended December 31, 2024.

Deposits

Third quarter 2025 average deposits of $34.7 billion increased 1%, or $503 million, from the prior quarter and increased 4%, or $1.4 billion, from the same period last year. With respect to third quarter 2025 average balances by deposit category:

•Noninterest-bearing demand deposits increased $148 million from the prior quarter and increased $144 million from the same period last year to $5.8 billion.

•Savings increased $115 million from the prior quarter and increased $213 million from the same period last year to $5.3 billion.

•Interest-bearing demand deposits increased $215 million from the prior quarter and increased $504 million from the same period last year to $7.9 billion.

•Money market deposits decreased $128 million from the prior quarter and decreased $81 million from the same period last year to $5.9 billion.

•Brokered CDs decreased $174 million from the prior quarter and decreased $332 milli

EX-99.1

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Senior Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Andrea Kozek, Vice President, Public Relations Senior Manager

920-491-7518

Record Quarterly Net Interest Income Drives Associated Banc-Corp's Second Quarter 2025 Earnings per Common Share of $0.65

GREEN BAY, Wis. -- July 24, 2025 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $108 million, or $0.65 per common share, for the quarter ended June 30, 2025. These amounts compare to earnings of $99 million, or $0.59 per common share, for the quarter ended March 31, 2025 and earnings of $113 million, or $0.74 per common share, for the quarter ended June 30, 2024.

“Midway through 2025, Associated Bank is seeing strong momentum from the strategic actions we’ve taken over the past several quarters,” said President & CEO Andy Harmening. “In the second quarter, we delivered over $350 million in additional C&I loan growth, another 7 basis points of margin expansion, and the best checking household growth we’ve seen since we began tracking a decade ago--all of which contributed to the strongest quarterly net interest income we've seen in company history. Importantly, we also delivered another 9 basis points of CET1 capital accretion and solid credit performance.”

“While uncertainty has been an ongoing theme at the macro level, we feel well-positioned to build on our momentum over the back half of the year thanks to our strengthened profitability profile, solid capital position, and disciplined approach to growth. We look forward to providing additional updates on our progress along the way."

Second Quarter 2025 Highlights

•Diluted earnings per common share of $0.65

•Record net interest income of $300 million (+5% vs. 1Q 2025; +17% vs. 2Q 2024)

•Total period end loans of $30.6 billion (+1% vs. 1Q 2025; +3% vs. 2Q 2024)

•Total period end deposits of $34.1 billion (-3% vs. 1Q 2025; +4% vs. 2Q 2024)

•Total period end core customer deposits1 of $28.3 billion (-3% vs. 1Q 2025; +4% vs. 2Q 2024)

•Net interest margin of 3.04%

•Noninterest income of $67 million

•Noninterest expense of $209 million

•Provision for credit losses of $18 million

•Allowance for credit losses on loans / total loans of 1.35%

•Net charge offs / average loans (annualized) of 0.17%

•Book value / share of $27.67

•Tangible book value / share1 of $20.84

1 This is a non-GAAP financial measure. See financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

Second quarter 2025 average total loans of $30.5 billion increased 1%, or $381 million, from the prior quarter and increased 3%, or $912 million, from the same period last year. With respect to second quarter 2025 average balances by loan category:

•Commercial and business lending increased $371 million from the prior quarter and increased $1.1 billion from the same period last year to $12.1 billion.

•Commercial real estate lending increased $138 million from the prior quarter and increased $202 million from the same period last year to $7.5 billion.

•Consumer lending decreased $128 million from the prior quarter and decreased $374 million from the same period last year to $10.9 billion.

Second quarter 2025 period end total loans of $30.6 billion increased 1%, or $313 million, from the prior quarter and increased 3%, or $989 million, from the same period last year. With respect to second quarter 2025 period end balances by loan category:

•Commercial and business lending increased $339 million from the prior quarter and increased $1.3 billion from the same period last year to $12.4 billion.

•Commercial real estate lending decreased $86 million from the prior quarter and increased $64 million the same period last year to $7.3 billion.

•Consumer lending increased $60 million from the prior quarter and decreased $385 million from the same period last year to $10.9 billion.

We continue to expect 2025 period end loan growth of 5% to 6% as compared to the year ended December 31, 2024.

Deposits

Second quarter 2025 average deposits of $34.2 billion decreased 2%, or $630 million, from the prior quarter and increased 5%, or $1.6 billion, from the same period last year. With respect to second quarter 2025 average balances by deposit category:

•Noninterest-bearing demand deposits increased $9 million from the prior quarter and decreased $63 million from the same period last year to $5.6 billion.

•Savings increased $60 million from the prior quarter and increased $89 million from the same period last year to $5.2 billion.

•Interest-bearing demand deposits decreased $348 million from the prior quarter and increased $418 million from the same period last year to $7.7 billion.

•Money market deposits decreased $91 million from the prior quarter and decreased $6 million f

EX-99.1

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Senior Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Andrea Kozek, Vice President, Public Relations Senior Manager

920-491-7518

Associated Banc-Corp Reports First Quarter 2025 Net Income Available to Common Equity of $99 Million, or $0.59 per Common Share

GREEN BAY, Wis. -- April 24, 2025 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $99 million, or $0.59 per common share, for the quarter ended March 31, 2025. These amounts compare to a loss of $164 million, or $1.03 per common share, for the quarter ended December 31, 2024 and earnings of $78 million, or $0.52 per common share, for the quarter ended March 31, 2024.

"2025 is off to a strong start at Associated Bank," said President and CEO Andy Harmening. "During the first quarter, we achieved several key milestones of our strategic plan, completing our commercial expansion, achieving a record-high net promoter score, and finalizing the balance sheet repositioning we announced in December. Importantly, the emerging momentum from our initiatives helped us deliver another strong financial quarter, with over $500 million in loan and deposit growth, 16 basis points of margin expansion, ten basis points of CET1 capital accretion and solid credit quality trends."

"The current macroeconomic environment has added an element of uncertainty for the industry, but here at Associated, we’re entering this period of uncertainty with the major investments in our strategic plan completed, a strengthened profitability profile, a solid capital position, and a foundational discipline on credit and risk management. We continue to feel well-positioned to deliver enhanced value for our stakeholders in 2025."

First Quarter 2025 Highlights (all comparisons to Fourth Quarter 2024)

•Diluted earnings per common share of $0.59

•Total period end loan growth of $526 million

•Total period end deposit growth of $548 million

•Total period end core customer deposit1 growth of $503 million

•Net interest income of $286 million

•Net interest margin of 2.97%

•Noninterest income of $59 million

•Noninterest expense of $211 million

•Provision for credit losses of $13 million

•Allowance for credit losses on loans / total loans of 1.34%

•Net charge offs / average loans (annualized) of 0.12%

1 This is a non-GAAP financial measure. See financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

First quarter 2025 average total loans of $30.1 billion decreased $91 million from the prior quarter and increased 3%, or $742 million, from the same period last year. With respect to first quarter 2025 average balances by loan category:

•Commercial and business lending increased $250 million from the prior quarter and increased $908 million from the same period last year to $11.7 billion.

•Commercial real estate lending increased $107 million from the prior quarter and decreased $76 million from the same period last year to $7.3 billion.

•Consumer lending decreased $448 million from the prior quarter and decreased $90 million from the same period last year to $11.1 billion.

First quarter 2025 period end total loans of $30.3 billion increased 2%, or $526 million, from the prior quarter and increased 3%, or $800 million, from the same period last year. With respect to first quarter 2025 period end balances by loan category:

•Commercial and business lending increased $327 million from the prior quarter and increased $1.1 billion from the same period last year to $12.0 billion.

•Commercial real estate lending increased $196 million from the prior quarter and increased $85 million the same period last year to $7.4 billion.

•Consumer lending increased $3 million from the prior quarter and decreased $374 million from the same period last year to $10.8 billion.

We continue to expect 2025 period end loan growth of 5% to 6% as compared to the year ended December 31, 2024.

Deposits

First quarter 2025 average deposits of $34.8 billion increased 1%, or $496 million, from the prior quarter and increased 5%, or $1.6 billion, from the same period last year. With respect to first quarter 2025 average balances by deposit category:

•Noninterest-bearing demand deposits decreased $98 million from the prior quarter and decreased $242 million from the same period last year to $5.6 billion.

•Savings increased $30 million from the prior quarter and increased $234 million from the same period last year to $5.2 billion.

•Interest-bearing demand deposits increased $408 million from the prior quarter and increased $542 million from the same period last year to $8.0 billion.

•Money market deposits increased $155 million from the prior quarter and decreased $37 million from the same period last year to $6.1 billion.

•Total time deposits

EX-99.1

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EX-99.1

Document

NEWS RELEASE

Investor Contact:

Ben McCarville, Senior Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Andrea Kozek, Vice President, Public Relations Senior Manager

920-491-7518

Associated Banc-Corp Reports Full Year 2024 Earnings of $0.72 Per Common Share, or $2.38 Per Common Share Excluding Nonrecurring Items Recognized During the Fourth Quarter1

GREEN BAY, Wis. -- January 23, 2025 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $112 million, or $0.72 per common share for the year ended December 31, 2024. These amounts compare to earnings of $171 million, or $1.13 per common share, for the year ended December 31, 2023. For the quarter ended December 31, 2024, the Company reported a loss of $164 million, or $1.03 per common share. These amounts compare to a loss of $94 million, or $0.62 per common share for the quarter ended December 31, 2023 and earnings of $85 million, or $0.56 per common share for the quarter ended September 30, 2024.

The Company's results for the year and quarter ended December 31, 2024 were impacted by several nonrecurring items associated with the balance sheet repositioning announced during the fourth quarter. Excluding the impact of these nonrecurring items, the Company reported adjusted earnings of $367 million, or $2.38 per common share1 for the year, and $91 million, or $0.57 per common share1 for the fourth quarter. The fourth quarter nonrecurring items consisted of a $130 million loss on a mortgage portfolio sale, a $148 million net loss on a sale of investments, a $14 million loss on prepayments of FHLB advances, a $1 million increase in provision, and a $39 million tax benefit.

“2024 was a year of significant progress for Associated," said President and CEO Andy Harmening. "We bolstered our executive team with several high-quality leaders, enhanced our consumer value proposition, expanded our commercial team, and complemented these actions with an equity raise and balance sheet repositioning. In the fourth quarter, the emerging momentum from these actions drove strong core financial results, with robust commercial loan growth, core customer deposit1 growth, and stable credit trends."

"We're entering 2025 with several tailwinds including record-high customer satisfaction scores, net customer household growth, balance sheet growth, and a strengthened profitability profile. We feel well-positioned to deliver enhanced value for all of our stakeholders in 2025, and we look forward to providing updates throughout the year."

2024 SUMMARY (all comparisons on a period end basis compared to 2023)

•Diluted GAAP earnings per common share of $0.72; Adjusted diluted earnings per common share of $2.381

•Total deposit growth of $1.2 billion; Total core customer deposit growth of $1.2 billion1

•Total loan growth of $552 million; Adjusted total loan growth of $1.3 billion1

•Net interest income of $1.0 billion

•Total noninterest (loss) income of $(9) million; Adjusted noninterest income of $269 million1

•Total noninterest expense of $818 million; Adjusted noninterest expense of $804 million1

•Provision for credit losses of $85 million

•Net charge offs / average loans of 0.23%

1 This is a non-GAAP financial measure. See pages 10 and 11 of the attached tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

Fourth quarter 2024 period end total loans of $29.8 billion decreased 1%, or $222 million, from the prior quarter, driven primarily by a sale of $723 million in residential mortgages associated with the balance sheet repositioning announced during the fourth quarter of 2024. Compared to the same period last year, period end total loans were up 2%, or $552 million. With respect to fourth quarter 2024 period end balances by loan category:

•Commercial and business lending increased $338 million from the prior quarter and increased $924 million from the same period last year to $11.7 billion.

•Commercial real estate lending increased $26 million from the prior quarter and decreased $185 million from the same period last year to $7.2 billion.

•Total consumer lending decreased $586 million from the prior quarter and decreased $187 million from the same period last year to $10.8 billion.

Fourth quarter 2024 average total loans of $30.2 billion were up 2%, or $568 million, from the prior quarter and were up 1%, or $249 million, from the same period last year. With respect to fourth quarter 2024 average balances by loan category:

•Commercial and business lending increased $503 million from the prior quarter and increased $654 million from the same period last year to $11.5 billion.

•Commercial real estate lending decreased $29 million from the prior quarter and decreased $191 million from the same period last year to $7.2 billion.

•Total consumer lending increased $93 million f

EX-99.1

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Andrea Kozek, Senior Manager, Public Relations

920-491-7518

Associated Banc-Corp Reports Third Quarter 2024 Net Income Available to Common Equity of $85 Million, or $0.56 per Common Share

GREEN BAY, Wis. -- October 24, 2024 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $85 million, or $0.56 per common share, for the quarter ended September 30, 2024. These amounts compare to earnings of $113 million, or $0.74 per common share, for the quarter ended June 30, 2024 and earnings of $80 million, or $0.53 per common share, for the quarter ended September 30, 2023.

“In the first nine months of 2024, we've remained squarely focused on executing Phase 2 of our strategic growth plan, and the financial tailwinds have started to emerge here in the third quarter," said President and CEO Andy Harmening. "During the quarter, we drove nearly $400 million in balanced loan growth and over $600 million in core customer deposit1 growth, which enabled us to decrease our reliance on wholesale funding and expand our margin. We also saw strong credit performance again during the quarter, helping us to deliver solid bottom line results for our shareholders."

"We're growing our customer base, delivering industry-leading customer satisfaction, and adding top talent to our commercial banking team. We look forward to building on this momentum and providing additional updates along the way."

Third Quarter 2024 Highlights (all comparisons to Second Quarter 2024)

•Diluted earnings per common share of $0.56

•Total period end core customer deposit1 growth of $618 million

•Total period end deposit growth of $863 million

•Total period end loan growth of $373 million

•Net interest income of $263 million

•Net interest margin of 2.78%

•Noninterest income of $67 million

•Noninterest expense of $201 million

•Provision for credit losses of $21 million

•Allowance for credit losses on loans / total loans of 1.33%

•Net charge offs / average loans (annualized) of 0.18%

1 This is a non-GAAP financial measure. See financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

Third quarter 2024 average total loans of $29.6 billion increased $55 million from the prior quarter and decreased 1%, or $251 million, from the same period last year. With respect to third quarter 2024 average balances by loan category:

•Commercial and business lending decreased $40 million from the prior quarter and decreased $14 million from the same period last year to $11.0 billion.

•Commercial real estate lending decreased $14 million from the prior quarter and decreased $77 million from the same period last year to $7.2 billion.

•Consumer lending increased $109 million from the prior quarter and decreased $159 million from the same period last year to $11.4 billion.

Third quarter 2024 period end total loans of $30.0 billion increased 1%, or $373 million, from the prior quarter and decreased 1%, or $202 million, from the same period last year. With respect to third quarter 2024 period end balances by loan category:

•Commercial and business lending increased $307 million from the prior quarter and increased $226 million from the same period last year to $11.4 billion.

•Commercial real estate lending decreased $72 million from the prior quarter and decreased $165 million the same period last year to $7.2 billion.

•Consumer lending increased $138 million from the prior quarter and decreased $263 million from the same period last year to $11.4 billion.

We continue to expect 2024 period end loan growth to finish at the lower end of our previous 4% to 6% range as compared to 2023.

Deposits

Third quarter 2024 average deposits of $33.3 billion increased 2%, or $691 million, from the prior quarter and increased 4%, or $1.3 billion, from the same period last year. With respect to third quarter 2024 average balances by deposit category:

•Noninterest-bearing demand deposits decreased $60 million from the prior quarter and decreased $667 million from the same period last year to $5.7 billion.

•Savings decreased $9 million from the prior quarter and increased $311 million from the same period last year to $5.1 billion.

•Interest-bearing demand deposits increased $129 million from the prior quarter and increased $415 million from the same period last year to $7.4 billion.

•Money market deposits decreased $53 million from the prior quarter and decreased $352 million from the same period last year to $5.9 billion.

•Total time deposits increased $635 million from the prior quarter and increased $1.6 billion from the same period last year to $7.6 billion.

•Network transaction deposits increased $49 million from the prior quarter and increased $5 mi

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Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Andrea Kozek, Senior Manager, Public Relations

920-491-7518

Associated Banc-Corp Reports Second Quarter 2024 Earnings of $0.74 per Common Share, or $0.52 per Common Share1 Excluding a One Time Item Recognized During the Quarter

GREEN BAY, Wis. -- July 25, 2024 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $113 million, or $0.74 per common share, for the quarter ended June 30, 2024. Excluding a one time tax benefit recognized during the quarter ended June 30, 2024, Associated reported earnings of $80 million, or $0.52 per common share. These amounts compare to earnings of $78 million, or $0.52 per common share, for the quarter ended March 31, 2024 and earnings of $84 million, or $0.56 per common share, for the quarter ended June 30, 2023.

“After demonstrating an ability to execute with Phase 1 of our strategic plan, we continued to build momentum across the company by adding talent in key areas and deploying product and digital enhancements during the second quarter,” said President and CEO Andy Harmening. “This momentum has translated to encouraging trends in several foundational performance measures, including industry-leading customer satisfaction scores and the strongest consumer checking household growth we've seen in over a decade."

“Importantly, we also delivered strong financial results during the quarter through steady revenues, credit stability and capital accretion. While macro uncertainty remains top of mind in the near-term, we feel well-positioned as we move to the back half of the year thanks to our foundational discipline, the stability of our markets, and the execution of our strategic plan.”

Second Quarter 2024 Highlights

•GAAP diluted earnings per share of $0.74; Adjusted diluted earnings per share1 of $0.52

•Total quarterly average loan growth of $211 million vs. first quarter 2024

•Total quarterly average core customer deposit1 decrease of $240 million vs. first quarter 2024; total quarterly average deposit decrease of $638 million vs. first quarter 2024

•Net interest income of $257 million

•Net interest margin of 2.75%

•Noninterest income of $65 million

•Noninterest expense of $196 million

•Provision for credit losses of $23 million

•Allowance for credit losses on loans / total loans of 1.32%

•Net charge offs / average loans (annualized) of 0.29%

1 This is a non-GAAP financial measure. See financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

Second quarter 2024 average total loans of $29.6 billion increased 1%, or $211 million, from the prior quarter and increased $141 million from the same period last year. With respect to second quarter 2024 average balances by loan category:

•Commercial and business lending increased $195 million from the prior quarter and increased $112 million from the same period last year to $11.0 billion.

•Commercial real estate lending decreased $140 million from the prior quarter and decreased $46 million from the same period last year to $7.2 billion.

•Consumer lending increased $156 million from the prior quarter and increased $75 million from the same period last year to $11.3 billion.

Second quarter 2024 period end total loans of $29.6 billion increased $124 million from the prior quarter and decreased 1%, or $231 million, from the same period last year. With respect to second quarter 2024 period end balances by loan category:

•Commercial and business lending increased $118 million from the prior quarter and decreased $41 million from the same period last year to $11.1 billion.

•Commercial real estate lending decreased $65 million from both the prior quarter and the same period last year to $7.3 billion.

•Consumer lending increased $71 million from the prior quarter and decreased $125 million from the same period last year to $11.3 billion.

Based on current market conditions, we now expect 2024 total loan growth to finish at the lower end of our previous 4% to 6% range on an end of period basis as compared to the year ended December 31, 2023.

Deposits

Second quarter 2024 average deposits of $32.6 billion decreased 2%, or $638 million, from the prior quarter and increased 4%, or $1.3 billion, from the same period last year. With respect to second quarter 2024 average balances by deposit category:

•Noninterest-bearing demand deposits decreased $170 million from the prior quarter and decreased $958 million from the same period last year to $5.7 billion.

•Savings increased $206 million from the prior quarter and increased $384 million from the same period last year to $5.1 billion.

•Interest-bearing demand deposits decreased $224 million from the prior quarter and increased $602 million from the same perio

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Marilka Vélez, Senior Vice President, Senior Director of Marketing

920-491-7518

Associated Banc-Corp Reports First Quarter 2024 Net Income Available to Common Equity of $78 Million, or $0.52 per Common Share

Results driven by balance sheet growth, margin expansion and continued execution of strategic initiatives

GREEN BAY, Wis. -- April 25, 2024 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $78 million, or $0.52 per common share, for the quarter ended March 31, 2024. These amounts compare to a loss of $94 million, or $(0.62) per common share, for the quarter ended December 31, 2023 and earnings of $100 million, or $0.66 per common share, for the quarter ended March 31, 2023.

"During the first quarter, we continued to make strong progress against our strategic plan," said President and CEO Andy Harmening. "We added talent in key areas, enhanced operational efficiency, and improved the customer experience through product and service enhancements. Here in April, our collective efforts were recognized when we were named #1 for Retail Banking Customer Satisfaction in the Upper Midwest Region by J.D. Power.1 Importantly, these efforts also contributed to the bottom line through balanced loan and deposit growth, net household growth, and expanding margins."

"As we look forward, macroeconomic question marks remain, but we feel well-positioned thanks to the stability of our markets, the resilience of our customer base, and the quarterly momentum from our initiatives. We're excited to share our progress over the remainder of the year."

First Quarter 2024 Highlights (all comparisons to Fourth Quarter 2023)

•Total period end commercial & business lending loans increased $161 million to $11.0 billion

•Total period end commercial real estate loans decreased $73 million to $7.3 billion

•Total period end consumer loans increased $190 million to $11.2 billion

•Total period end deposits increased $267 million to $33.7 billion

•Total period end core customer deposits2 increased $557 million to $28.0 billion

•Net interest income increased $4 million to $258 million

•Quarterly net interest margin increased 10 basis points to 2.79%

•Noninterest income increased $196 million to $65 million (increase primarily driven by one time items impacting 4Q 2023 results)

•Noninterest expense decreased $42 million to $198 million (decrease primarily driven by one time items impacting 4Q 2023 results)

•Provision for credit losses on loans increased $3 million to $24 million

•Net income available to common equity increased $172 million to $78 million (increase primarily driven by one time items impacting 4Q 2023 results)

1 For J.D. Power 2024 award information, visit jdpower.com/awards.

2 This is a non-GAAP financial measure. See financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

First quarter 2024 average total loans of $29.4 billion decreased 2%, or $583 million, from the prior quarter and increased 2%, or $523 million, from the same period last year. With respect to first quarter 2024 average balances by loan category:

•Commercial and business lending decreased $4 million from the prior quarter and increased $200 million from the same period last year to $10.8 billion.

•Commercial real estate lending decreased $8 million from the prior quarter and increased $139 million from the same period last year to $7.4 billion.

•Consumer lending decreased $572 million from the prior quarter and increased $184 million from the same period last year to $11.2 billion.

First quarter 2024 period end total loans of $29.5 billion increased 1%, or $278 million, from the prior quarter and increased 1%, or $287 million, from the same period last year. With respect to first quarter 2024 period end balances by loan category:

•Commercial and business lending increased $161 million from the prior quarter and increased $34 million from the same period last year to $11.0 billion.

•Commercial real estate lending decreased $73 million from the prior quarter and increased $81 million from the same period last year to $7.3 billion.

•Consumer lending increased $190 million from the prior quarter and increased $172 million from the same period last year to $11.2 billion.

In 2024, we continue to expect total loan growth of 4% to 6% on an end of period basis as compared to the year ended December 31, 2023.

Deposits

First quarter 2024 average deposits of $33.3 billion increased 3%, or $1.1 billion, from the prior quarter and increased 11%, or $3.4 billion, from the same period last year. With respect to first quarter 2024 average balances by deposit category:

•Noninterest-bearing demand deposits decreased $289 million

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Document

NEWS RELEASE

Investor Contact:

Ben McCarville, Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Jennifer Kaminski, Vice President, Public Relations Senior Manager

920-491-7576

Associated Banc-Corp Reports Full Year 2023 Earnings of $1.13 Per Common Share, or $2.27 Per Common Share1 Excluding One Time Items Recognized During the Fourth Quarter

GREEN BAY, Wis. -- January 25, 2024 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $171 million, or $1.13 per common share. These amounts compare to earnings of $355 million, or $2.34 per common share, for the year ended December 31, 2022. For the quarter ended December 31, 2023, the Company reported a loss of $94 million, or $(0.62) per common share. These amounts compare to earnings of $106 million, or $0.70 per common share for the quarter ended December 31, 2022 and earnings of $80 million, or $0.53 per common share for the quarter ended September 30, 2023.

"2023 was an extraordinary year for regional banking," said President and CEO Andy Harmening. "Over the course of the year, the industry was tested in several new ways amid an uncertain macro environment. We addressed the immediate risks, while our colleagues remained forward looking, taking great care of our customers while continuing to execute our people-led, digitally enabled strategy. The results of these efforts were clearly visible in the back half of the year, with diversified loan growth, improving household growth metrics, and 3% core customer deposit1 growth."

"To capitalize on this momentum, we announced the next phase of our strategic plan during the fourth quarter," Harmening continued. "This plan advances our strategy by accelerating the impacts of our initiatives, and importantly, we've already made significant progress as we enter 2024. We look forward to sharing additional updates on our progress throughout the year."

2023 SUMMARY (all comparisons to 2022)

•End of period total commercial loans increased $202 million to $18.2 billion

•End of period total consumer loans increased $214 million to $11.0 billion

•End of period total deposits increased $3.8 billion to $33.4 billion

•Net interest income increased $82 million to $1.0 billion

•Noninterest income decreased $219 million to $63 million, including one time items recognized in 4Q 20232

•Noninterest expense increased $67 million to $814 million, including one time items recognized in 4Q 20233

•Provision for credit losses was $83 million, compared to a provision of $33 million in 2022

•Net income available to common equity decreased $183 million to $171 million, including one time items recognized in 4Q 20232,3

•Earnings per common share decreased $1.21 to $1.13, including one time items recognized in 4Q 20232,3

1 This is a non-GAAP financial measure. See pages 10 and 11 of the attached tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

2 Noninterest income one time items include a $136 million loss on a mortgage portfolio sale and $65 million in investment securities losses associated with the balance sheet repositioning announced during 4Q 2023.

3 Noninterest expense one time items reflect a $31 million expense for the FDIC special assessment.

Loans

Fourth quarter 2023 period end total loans of $29.2 billion decreased 3%, or $977 million, from the prior quarter, driven primarily by a sale of $969 million in residential mortgages associated with the balance sheet repositioning announced during the fourth quarter of 2023. Compared to the same period last year, period end total loans were up 1%, or $417 million. With respect to fourth quarter 2023 period end balances by loan category:

•Commercial and business lending decreased $361 million from the prior quarter and increased $42 million from the same period last year to $10.8 billion.

•Commercial real estate lending increased $46 million from the prior quarter and increased $160 million from the same period last year to $7.4 billion.

•Total consumer lending decreased $662 million from the prior quarter and increased $214 million from the same period last year to $11.0 billion.

Fourth quarter 2023 average total loans of $30.0 billion were up $68 million from the prior quarter and were up 6%, or $1.8 billion, from the same period last year. With respect to fourth quarter 2023 average balances by loan category:

•Commercial and business lending decreased $165 million from the prior quarter and increased $290 million from the same period last year to $10.8 billion.

•Commercial real estate lending increased $85 million from the prior quarter and increased $335 million from the same period last year to $7.4 billion.

•Total consumer lending increased $148 million from the prior quarter and increased $1.1 billion from the same period last year to $11.7 billion.

Full year 2023

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Jennifer Kaminski, Vice President, Public Relations Senior Manager

920-491-7576

Associated Banc-Corp Reports Third Quarter 2023 Net Income Available to Common Equity of $80 Million, or $0.53 per Common Share

Results driven by balance sheet growth and continued progress against the Company's strategic initiatives

GREEN BAY, Wis. -- October 19, 2023 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $80 million, or $0.53 per common share, for the quarter ended September 30, 2023. These amounts compare to earnings of $84 million, or $0.56 per common share, for the quarter ended June 30, 2023 and earnings of $93 million, or $0.62 per common share, for the quarter ended September 30, 2022.

"We continued to see steady improvements in customer acquisition, retention and satisfaction scores during the quarter, enabling us to grow core customer deposits by over $500 million and decrease our reliance on non-customer funding sources," said President and CEO Andy Harmening. "Our strategic initiatives have also enabled us to deliver another quarter of balanced, high-quality loan growth. While we feel well positioned today, we recognize that the banking environment continues to evolve, and we look forward to sharing more details about the second phase of our strategic plan later this quarter.”

Third Quarter 2023 Highlights (all comparisons to the second quarter of 2023)

•Total period end commercial loans increased $68 million to $18.5 billion

•Total period end consumer loans increased $276 million to $11.7 billion

•Total period end deposits increased $109 million to $32.1 billion

•Quarterly net interest margin decreased 9 basis points to 2.71%

•Noninterest income increased $1 million to $67 million

•Noninterest expense increased $6 million to $196 million

•Provision for credit losses on loans remained flat at $22 million

•Net income available to common equity decreased $4 million to $80 million

Loans

Third quarter 2023 average total loans of $29.9 billion were up 2%, or $446 million, from the prior quarter and were up 10%, or $2.8 billion, from the same period last year. With respect to third quarter 2023 average balances by loan category:

•Commercial and business lending increased $86 million from the prior quarter and increased $793 million from the same period last year to $11.0 billion.

•Commercial real estate lending increased $17 million from the prior quarter and increased $545 million from the same period last year to $7.3 billion.

•Consumer lending increased $343 million from the prior quarter and increased $1.5 billion from the same period last year to $11.6 billion.

Third quarter 2023 period end total loans of $30.2 billion were up 1%, or $344 million, from the prior quarter and were up 9%, or $2.4 billion, from the same period last year. With respect to third quarter 2023 period end balances by loan category:

•Commercial and business lending increased $40 million from the prior quarter and increased $582 million from the same period last year to $11.2 billion.

•Commercial real estate lending increased $28 million from the prior quarter and increased $450 million from the same period last year to $7.3 billion.

•Consumer lending increased $276 million from the prior quarter and increased $1.3 billion from the same period last year to $11.7 billion.

In 2023, we now expect full-year total loan growth of 5% to 6%.

Deposits

Third quarter 2023 average deposits of $32.0 billion were up 2%, or $721 million, from the prior quarter and were up 11%, or $3.1 billion, from the same period last year. With respect to third quarter 2023 average balances by deposit category:

•Noninterest-bearing demand deposits decreased $351 million from the prior quarter and decreased $1.8 billion from the same period last year to $6.3 billion.

•Savings increased $65 million from the prior quarter and increased $79 million from the same period last year to $4.8 billion.

•Interest-bearing demand deposits increased $315 million from the prior quarter and increased $392 million from the same period last year to $7.0 billion.

•Money market deposits decreased $450 million from the prior quarter and decreased $1.0 billion from the same period last year to $6.3 billion.

•Total time deposits increased $970 million from the prior quarter and increased $4.7 billion from the same period last year to $6.0 billion.

•Network transaction deposits increased $172 million from the prior quarter and increased $766 million from the same period last year to $1.6 billion.

Third quarter 2023 period end deposits of $32.1 billion were up $109 million from the prior quarter and were up 10%, or $2.9 billion, from the same period last year. With respect to third quarte

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Jennifer Kaminski, Vice President, Public Relations Senior Manager

920-491-7576

Associated Banc-Corp Reports Second Quarter 2023 Net Income Available to Common Equity of $84 Million, or $0.56 per Common Share

Results driven by balance sheet expansion, stable credit trends, and progress against the Company's strategic initiatives

GREEN BAY, Wis. -- July 20, 2023 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $84 million, or $0.56 per common share, for the quarter ended June 30, 2023. These amounts compare to earnings of $100 million, or $0.66 per common share, for the quarter ended March 31, 2023 and earnings of $84 million, or $0.56 per common share, for the quarter ended June 30, 2022.

"Our second quarter results were marked by the resilience and stability of our Midwestern markets and continued execution against our strategic plan," said President and CEO Andy Harmening. "Unemployment remains well below the national average in most of our footprint and economic activity has continued at a healthy pace. With these trends as a backdrop, our diversified company loan portfolio, with a prime/super prime concentration of consumer loans, has delivered strong credit performance again this quarter. This stability enabled us to add another $642 million in high-quality loans and build momentum with our customer acquisition strategies during the quarter. As a result of these efforts, we're already seeing customer checking acquisition rates 11% higher than a year ago, our attrition is down, and our digital customer satisfaction scores are at a multi-year high."

"While we're pleased with the initial results of these efforts, we've yet to realize the full impact of our customer acquisition strategies," Harmening continued. "We look forward to building on this momentum and delivering enhanced capabilities for our customers in the coming quarters. Along the way, our disciplined approach to credit, expenses and risk management will be our foundation."

Second Quarter 2023 Highlights (all comparisons to the first quarter of 2023)

•Total period end commercial loans increased $274 million to $18.4 billion

•Total period end consumer loans increased $367 million to $11.4 billion

•Total period end deposits increased $1.7 billion to $32.0 billion

•Quarterly net interest margin decreased 27 basis points to 2.80%

•Noninterest income increased $3 million to $66 million

•Noninterest expense increased $3 million to $191 million

•Provision for credit losses on loans increased $4 million to $22 million

•Net income available to common equity decreased $16 million to $84 million

Loans

Second quarter 2023 average total loans of $29.4 billion were up 2%, or $592 million, from the prior quarter and were up 16%, or $4.0 billion, from the same period last year. With respect to second quarter 2023 average balances by loan category:

•Commercial and business lending increased $283 million from the prior quarter and increased $1.3 billion from the same period last year to $10.9 billion.

•Commercial real estate lending increased $44 million from the prior quarter and increased $932 million from the same period last year to $7.3 billion.

•Consumer lending increased $265 million from the prior quarter and increased $1.8 billion from the same period last year to $11.2 billion.

Second quarter 2023 period end total loans of $29.8 billion were up 2%, or $642 million, from the prior quarter and were up 13%, or $3.4 billion, from the same period last year. With respect to second quarter 2023 period end balances by loan category:

•Commercial and business lending increased $194 million from the prior quarter and increased $929 million from the same period last year to $11.1 billion.

•Commercial real estate lending increased $81 million from the prior quarter and increased $756 million from the same period last year to $7.3 billion.

•Consumer lending increased $367 million from the prior quarter and increased $1.7 billion from the same period last year to $11.4 billion.

In 2023, we continue to expect full-year total loan growth of 6% to 8%.

Deposits

Second quarter 2023 average deposits of $31.3 billion were up 5%, or $1.4 billion, from the prior quarter and were up 11%, or $3.1 billion, from the same period last year. With respect to second quarter 2023 average balances by deposit category:

•Noninterest-bearing demand deposits decreased $670 million from the prior quarter and decreased $1.5 billion from the same period last year to $6.7 billion.

•Savings increased $85 million from the prior quarter and increased $67 million from the same period last year to $4.7 billion.

•Interest-bearing demand deposits decreased $151 million from the prior quarter and incre

EX-99.1

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Investor Contact:

Ben McCarville, Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Jennifer Kaminski, Vice President, Public Relations Senior Manager

920-491-7576

Associated Banc-Corp Reports First Quarter 2023 Net Income Available to Common Equity of $100 Million, or $0.66 per Common Share

Results driven by continued execution against the Company's people-led, digitally enabled plan

GREEN BAY, Wis. -- April 20, 2023 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $100 million, or $0.66 per common share, for the quarter ended March 31, 2023. These amounts compare to earnings of $106 million, or $0.70 per common share, for the quarter ended December 31, 2022 and earnings of $71 million, or $0.47 per common share, for the quarter ended March 31, 2022.

"Our first quarter results were fueled by the strength and stability of our core markets and our ongoing efforts to deepen relationships and deliver solutions for our customers,” said President and CEO Andy Harmening. "Here in the Midwest, unemployment remains low and economic activity remains healthy. These factors have enabled us to maintain momentum with the execution of our strategic plan. During the quarter, we once again grew both loans and deposits and drove positive operating leverage while maintaining our conservative approach to risk management. Taken together, these factors helped us deliver a return on average tangible common equity1 above 15%."

“While several banks in other parts of the country have experienced volatility in recent weeks, our customer deposit flows were stable during the quarter,” Harmening continued. “We attribute this stability to the quality of our franchise and the resilience of the Upper Midwest markets we serve. Over our Company’s 162-year history, we’ve established deep roots in over 100 communities, and we’ve grown a granular deposit base that includes consumers, high net worth individuals, small businesses and large businesses. Our strategic plan is designed to build upon this granularity over time, and we feel well-positioned to help our customers and communities become financially stronger in 2023 and beyond.”

First Quarter 2023 Highlights (all comparisons to the fourth quarter of 2022)

•Total period end commercial loans increased $175 million to $18.2 billion

•Total period end consumer loans increased $233 million to $11.0 billion

•Total period end deposits increased $696 million to $30.3 billion

•Quarterly net interest margin decreased 24 basis points to 3.07%

•Noninterest income increased slightly to $62 million

•Noninterest expense decreased $9 million to $187 million

•Provision for credit losses on loans was $18 million, compared to a provision of $20 million in the prior quarter

•Net income available to common equity decreased $5 million to $100 million

1 This is a non-GAAP financial measure. Please see page 8 of the attached financial tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

First quarter 2023 average total loans of $28.8 billion were up 2%, or $650 million, from the prior quarter and were up 20%, or $4.7 billion, from the same period last year. With respect to first quarter 2023 average balances by loan category:

•Commercial and business lending increased $86 million from the prior quarter and increased $1.6 billion compared to the same period last year to $10.6 billion.

•Commercial real estate lending increased $189 million from the prior quarter and increased $1.1 billion from the same period last year to $7.3 billion.

•Consumer lending increased $376 million from the prior quarter and increased $2.1 billion from the same period last year to $11.0 billion.

First quarter 2023 period-end total loans of $29.2 billion were up 1%, or $408 million, from the prior quarter and were up 19%, or $4.7 billion, from the same period last year. With respect to first quarter 2023 period-end balances by loan category:

•Commercial and business lending increased $169 million from the prior quarter and increased $1.6 billion from the same period last year to $10.9 billion.

•Commercial real estate lending increased $6 million from the prior quarter and increased $1.0 billion from the same period last year to $7.2 billion.

•Consumer lending increased $233 million from the prior quarter and increased $2.1 billion from the same period last year to $11.0 billion.

In 2023, we now expect to drive full-year total loan growth of 6% to 8%.

Deposits

First quarter 2023 average deposits of $29.9 billion were up 2%, or $538 million, from the prior quarter and were up 4%, or $1.2 billion, from the same period last year. With respect to first quarter 2023 average balances by deposit category:

•Noninterest-bearing demand deposits decreased $748 million from the prior quarter an

EX-99.1

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EX-99.1

Document

NEWS RELEASE

Investor Contact:

Ben McCarville, Vice President, Director of Investor Relations

920-491-7059

Media Contact:

Jennifer Kaminski, Vice President, Public Relations Senior Manager

920-491-7576

Associated Banc-Corp Reports Fourth Quarter 2022 Earnings of $0.70 Per Common Share and $2.34 Per Common Share for the Full Year 2022.

GREEN BAY, Wis. -- January 26, 2023 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $106 million, or $0.70 per common share, for the quarter ended December 31, 2022. These amounts compare to earnings of $74 million, or $0.49 per common share for the quarter ended December 31, 2021 and earnings of $93 million, or $0.62 per common share for the quarter ended September 30, 2022. For the year ended December 31, 2022, the Company reported earnings of $355 million, or $2.34 per common share. These amounts compare to earnings of $334 million, or $2.18 per common share, for the year ended December 31, 2021.

“This quarter served as a fitting exclamation point for the most profitable year in our company’s 162-year history,” said President and CEO Andy Harmening. “By listening to our customers and empowering our colleagues, we’ve enhanced engagement, deepened relationships, and delivered more meaningful solutions to the communities we serve. This momentum has enabled us to add nearly $4.6 billion in high-quality loan balances over the course of the year, expand margins, drive operating leverage into the double-digits, and enhance our profitability profile. Importantly, we’ve achieved all of this without abandoning our foundational discipline on expenses and credit quality."

“While we’re proud of what we’ve accomplished so far, we feel like we’re just getting started,” Harmening continued. “As we shift to 2023, we’re closely monitoring the economic environment, but continue to feel well-positioned thanks to the diversifying benefits of our strategic plan and our decade-long effort to de-risk our balance sheet. We’ve laid the groundwork to create a stronger Associated Bank for years to come.”

2022 SUMMARY (all comparisons to 2021)

•End of period total commercial loans were up $2.4 billion to $18.0 billion

•End of period total consumer loans were up $2.2 billion to $10.8 billion

•End of period total deposits were up $1.2 billion to $29.6 billion

•Net interest income was up $231 million to $957 million

•Noninterest income was down $50 million to $282 million

•Noninterest expense was up $37 million to $747 million

•Provision for credit losses was $33 million, compared to a negative provision of $88 million in 2021

•Net income available to common equity was up $21 million to $355 million

•Earnings per common share increased $0.16 to $2.34

Loans

Fourth quarter 2022 period-end total loans of $28.8 billion were up 4%, or $982 million, from the prior quarter and were up 19%, or $4.6 billion from the same period last year. With respect to fourth quarter 2022 period-end balances by loan category:

•Commercial and business lending increased $179 million from the prior quarter and increased $1.3 billion from the same period last year to $10.8 billion.

•Commercial real estate lending increased $336 million from the prior quarter and increased $1.0 billion from the same period last year to $7.2 billion.

•Consumer lending increased $467 million from the prior quarter and increased $2.2 billion from the same period last year to $10.8 billion.

Fourth quarter 2022 average total loans of $28.2 billion were up 4%, or $1.1 billion, from the prior quarter and were up 18%, or $4.4 billion, from the same period last year. With respect to fourth quarter 2022 average balances by loan category:

•Commercial and business lending increased $338 million from the prior quarter and increased $1.6 billion compared to the same period last year to $10.5 billion.

•Commercial real estate lending increased $294 million from the prior quarter and increased $928 million from the same period last year to $7.1 billion.

•Consumer lending increased $508 million from the prior quarter and increased $1.9 billion from the same period last year to $10.6 billion.

Full year 2022 average loans of $26.2 billion were up 9%, or $2.1 billion, from 2021. With respect to full year 2022 average balances by loan category:

•Commercial and business lending increased $748 million to $9.9 billion.

•Commercial real estate lending increased $439 million to $6.6 billion.

•Consumer lending increased $955 million to $9.8 billion.

In 2023, we expect total loan growth of 7% to 9% on an end of period basis as compared to the year ended December 31, 2022.

Deposits

Fourth quarter 2022 period-end deposits of $29.6 billion were up 1%, or $438 million, from the prior quarter and were up 4%, or $1.2 billion from the same period last year. With respect to fourth quarter 2022 period-end balances by de

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Associated Banc-Corp Reports Third Quarter 2022 Net Income Available to Common Equity of $93 Million, or $0.62 per Common Share

Results driven by strong loan and deposit growth, expanding margins and stable credit

GREEN BAY, Wis. -- October 20, 2022 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $93 million, or $0.62 per common share, for the quarter ended September 30, 2022. These amounts compare to earnings of $84 million, or $0.56 per common share, for the quarter ended June 30, 2022 and earnings of $85 million, or $0.56 per common share, for the quarter ended September 30, 2021.

“Our third quarter results were a reflection of both the strength and resilience we continue to see in our markets and our ongoing efforts to deepen relationships and deliver capabilities through our strategic initiatives,” said President and CEO Andy Harmening. “Within our footprint, unemployment remains low, the consumer remains healthy, and our commercial customers continue to seek opportunities amid an uncertain macro environment. With these trends as a backdrop, our initiatives helped bring in more than $1 billion in high-quality loans and $600 million in deposits during the quarter. This growth was supported by substantial margin expansion and stable credit trends. All of which combined to drive enhanced profitability and a return on average tangible common equity1 north of 14%.”

“While we continue to keep a close eye on the current economic environment, we’ve been working to de-risk our balance sheet for over a decade,” Harmening continued. “Our relentless focus on credit quality and the diversifying benefits of our strategic plan put us in a position to deliver enhanced value to our stakeholders over the remainder of 2022 and beyond.”

Third Quarter 2022 Highlights (all comparisons to the second quarter of 2022)

•End of period total commercial loans were up $720 million to $17.5 billion

•End of period total consumer loans were up $602 million to $10.3 billion

•End of period total deposits were up $622 million to $29.2 billion

•Quarterly net interest margin was up 42 basis points to 3.13%

•Noninterest income was down $5 million to $71 million

•Noninterest expense was up $14 million to $196 million, including an incremental $6 million contribution to our charitable foundation vs. the prior quarter

•Provision for credit losses on loans was $17 million, compared to a provision of zero in the prior quarter

•Net income available to common equity was up $9 million to $93 million

1This is a non-GAAP financial measure. See page 10 of the attached tables for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Loans

Third quarter 2022 average total loans of $27.1 billion were up 7%, or $1.7 billion, from the prior quarter and were up 13%, or $3.2 billion, from the same period last year. With respect to third quarter 2022 average balances by loan category:

•Commercial and business lending (excluding PPP) increased $597 million from the prior quarter and increased $1.5 billion compared to the same period last year to $10.2 billion.

•Commercial real estate lending increased $405 million from the prior quarter and increased $608 million from the same period last year to $6.8 billion.

•Consumer lending was $10.1 billion, up $665 million from the prior quarter and up $1.4 billion from the same period last year.

•PPP loans decreased $9 million from the prior quarter and decreased $271 million from the same period last year to $5 million.

Third quarter 2022 period-end total loans of $27.8 billion were up 5%, or $1.3 billion, from the prior quarter and were up 18%, or $4.2 billion, from the same period last year. With respect to third quarter 2022 period-end balances by loan category:

•Commercial and business lending (excluding PPP) increased $395 million from the prior quarter and increased $1.8 billion from the same period last year to $10.6 billion.

•Commercial real estate lending increased $334 million from the prior quarter and increased $768 million from the same period last year to $6.9 billion.

•Consumer lending was $10.3 billion, up $602 million from the prior quarter and up $1.8 billion from the same period last year.

•PPP loans decreased $8 million from the prior quarter and decreased $181 million from the same period last year to $1 million.

Deposits

Third quarter 2022 average deposits of $28.9 billion were up 2%, or $704 million, compared to the prior quarter and were up 3%, or $800 million, from the same period last year. With respect to third quarter 2022 average balances by deposit category:

•Noninterest-bearing demand de