Associated Banc-Corp (ASB) Investor presentation summary

Key themes and strategic direction

• Sustained organic growth momentum continues into the second half of 2026, with integration of American National on track and conversion expected in October 2026.

• Strategic actions for 2027-2029 are being mapped out, focusing on investment in people, products, and technology, as well as margin expansion and disciplined risk management.

Financial performance and growth metrics

• Since 2021, balance sheet remixing, customer base growth, and improved profitability have led to higher returns and efficiency.

• Commercial & industrial loans grew from $9.7B in 2021 to $13.8B in 1H 2026, with significant RM hiring and new market entries.

• Deposit growth has been positive for three consecutive years, reaching $39.9B in June 2026, driven by digital enhancements and relationship-focused strategies.

Outlook and integration

• FY 2026 outlook projects total loans up 18-20%, C&I loans up 20-22%, and deposits up 17-19%, with no changes from previous guidance.

• Integration of American National Corporation is expected to provide opportunities for deeper relationships in new markets.