Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

This section also contains graphical disclosures of the pay versus performance

relationship based on the information in the Pay Versus Performance Table.

							Value of Initial Fixed $100 Investment Based On:
Year	Summary Compensation Table Total for PEO (Harmening)	Compensation Actually Paid to PEO (Harmening) 1,6,7	Summary Compensation Table Total for PEO (Flynn)	Compensation Actually Paid to PEO (Flynn)1,7	Average Summary Compensation Table Total for Non-PEO NEOs	Average Compensation Actually Paid to Non-PEO NEOs1,6,7	Total Shareholder Return2	Peer Group Total Shareholder Return (KBW Nasdaq Regional Banking Total Return Index)3	Net Income4	Adjusted Operating Leverage5
2024	$5,473,089	$7,373,224	N/A	N/A	$1,463,169	$1,803,689	$133.13	$130.90	$123,145	-2.0%
2023	$4,746,720	$2,790,277	N/A	N/A	$1,289,292	$965,082	$114.55	$115.64	$182,956	1.3%
2022	$6,066,586	$6,445,013	N/A	N/A	$1,603,303	$1,653,420	$117.92	$116.10	$366,122	11.9%
2021	$11,330,092	$11,317,941	$3,393,524	$4,998,727	$1,393,032	$1,608,777	$111.27	$124.74	$350,994	3.5%
2020	N/A	N/A	$4,160,306	$1,895,528	$1,043,338	$608,069	$81.07	$91.29	$306,771	-6.2%

Named Executive Officers, Footnote

Year	PEO(s)	Non-PEO NEOs
2024	Andrew J. Harmening	Derek S. Meyer, John A. Utz, Randall J. Erickson, David L. Stein
2023	Andrew J. Harmening	Derek S. Meyer, John A. Utz, Randall J. Erickson, David L. Stein
2022	Andrew J. Harmening	Derek S. Meyer, Christopher J. Del Moral-Niles, John A. Utz, Randall J. Erickson, David L. Stein
2021	Andrew J. Harmening and Philip B. Flynn	Christopher J. Del Moral-Niles, John A. Utz, Randall J. Erickson, David L. Stein
2020	Philip B. Flynn	Christopher J. Del Moral-Niles, John A. Utz, Randall J. Erickson, David L. Stein

Peer Group Issuers, Footnote

For the relevant fiscal year, represents the cumulative TSR of the KBW Nasdaq Regional Banking Total Return Index (^KRXTR). The KRXTR is comprised of approximately 50 publicly traded regional banks or thrifts listed on U.S. stock market exchanges.

PEO Total Compensation Amount

$ 5,473,089

$ 4,746,720

$ 6,066,586

$ 11,330,092

PEO Actually Paid Compensation Amount

$ 7,373,224

2,790,277

6,445,013

11,317,941

Adjustment To PEO Compensation, Footnote

	2024
Adjustments	PEO: Andrew J. Harmening	Average non-PEO NEOs
As Reported Summary Compensation Table Total	$5,473,089	$1,463,169
(-) Grant Date Fair Value of Stock Awards Granted in FY	$2,674,986	$525,607
(+) Awards granted in CFY that are outstanding and unvested as of end of CFY	$3,252,955	$639,172
(+) Awards that are granted and vest in the same CFY	$0	$0
(+) Prior year awards outstanding and unvested as of end of CFY	$1,047,416	$237,749
(+) Prior year awards that vest in CFY	$218,631	$26,159
(-) Prior year awards that fail to meet vesting conditions during CFY	$296,715	$70,899
(+) Dividends or other earnings paid on all awards in CFY prior to vesting date	$354,612	$42,787
(-) Change in Pension Value and Non-Qualified Deferred Compensation Earnings	$5,655	$12,212
(+) Pension Adjustment	$3,877	$3,371
= Compensation Actually Paid (6)	$7,373,224	$1,803,689

FY = Fiscal Year

CFY = Covered Fiscal Year

Non-PEO NEO Average Total Compensation Amount

$ 1,463,169

1,289,292

1,603,303

1,393,032

$ 1,043,338

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,803,689

965,082

1,653,420

1,608,777

608,069

Adjustment to Non-PEO NEO Compensation Footnote

Compensation Actually Paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year,

adjusted as follows:

	2024
Adjustments	PEO: Andrew J. Harmening	Average non-PEO NEOs
As Reported Summary Compensation Table Total	$5,473,089	$1,463,169
(-) Grant Date Fair Value of Stock Awards Granted in FY	$2,674,986	$525,607
(+) Awards granted in CFY that are outstanding and unvested as of end of CFY	$3,252,955	$639,172
(+) Awards that are granted and vest in the same CFY	$0	$0
(+) Prior year awards outstanding and unvested as of end of CFY	$1,047,416	$237,749
(+) Prior year awards that vest in CFY	$218,631	$26,159
(-) Prior year awards that fail to meet vesting conditions during CFY	$296,715	$70,899
(+) Dividends or other earnings paid on all awards in CFY prior to vesting date	$354,612	$42,787
(-) Change in Pension Value and Non-Qualified Deferred Compensation Earnings	$5,655	$12,212
(+) Pension Adjustment	$3,877	$3,371
= Compensation Actually Paid (6)	$7,373,224	$1,803,689

FY = Fiscal Year

CFY = Covered Fiscal Year

Compensation Actually Paid vs. Total Shareholder Return

TSR amounts reported in the graph assume an initial fixed investment of $100, and that all dividends, if any, were reinvested.

Compensation Actually Paid vs. Net Income

The following graph compares (i) Compensation Actually Paid to our PEOs and the average Compensation Actually Paid to our

other NEOs to (ii) our net income, for the fiscal years ended December 31, 2020, 2021, 2022, 2023 and 2024.

Compensation Actually Paid vs. Company Selected Measure

The following graph compares (i) Compensation Actually Paid to our PEOs and the average Compensation Actually Paid to our

other NEOs to (ii) our adjusted operating leverage, for the fiscal years ended December 31, 2020, 2021, 2022, 2023  and 2024.

(1) Operating Leverage is calculated by taking the year over year percentage change in Total Revenue Before Long-Term Credit Charge minus the percentage

change in Total Noninterest Expense. A positive ratio shows that revenue is growing faster than expenses. Whereas a negative ratio indicates that expenses are

accumulating faster than revenue. The 2021 and 2020 ratios have been adjusted to exclude the gain on the June 30, 2020 sale of ABRC. The 2023 ratio has

been adjusted to exclude a loss on a mortgage portfolio sale and investment securities losses associated with nonrecurring losses from the balance sheet

repositioning announced during the fourth quarter of 2023 and expenses for certain FDIC assessments impacts. The 2024 ratio has been adjusted to exclude a

loss on a mortgage portfolio sale, investment securities losses, interest income and expense for prepayment on FHLB advances with nonrecurring transactions

from the balance sheet repositioning announced during the fourth quarter of 2024. See further details of these adjustments within the non-GAAP tables in

Appendix B.

Tabular List, Table

Company-selected

performance measures

Operating leverage

Revenue (growth)

Net Income After Tax

ROATCE

EPS

Efficiency Ratio

Total Shareholder Return Amount

$ 133.13

114.55

117.92

111.27

81.07

Peer Group Total Shareholder Return Amount

130.90

115.64

116.10

124.74

91.29

Net Income (Loss)

$ 123,145,000

$ 182,956,000

$ 366,122,000

$ 350,994,000

$ 306,771,000

Company Selected Measure Amount

(0.020)

0.013

0.119

0.035

(0.062)

PEO Name

Andrew J. Harmening

Andrew J. Harmening

Andrew J. Harmening

Andrew J. Harmening and Philip B. Flynn

Philip B. Flynn

Measure:: 1

Pay vs Performance Disclosure

Name

Operating leverage

Non-GAAP Measure Description

Operating Leverage is calculated by taking the year over year percentage change in Total Revenue Before Long-Term Credit Charge minus the percentage

change in Total Noninterest Expense. A positive ratio shows that revenue is growing faster than expenses. Whereas a negative ratio indicates that expenses are

accumulating faster than revenue. The 2021 and 2020 ratios have been adjusted to exclude the gain on the June 30, 2020 sale of Associated Benefits and Risk

Consulting (“ABRC”). The 2023 ratio has been adjusted to exclude a loss on a mortgage portfolio sale and  investment securities losses associated with

nonrecurring losses from the balance sheet repositioning announced during the fourth quarter of 2023 and expense for certain FDIC assessments impacts.The

2024 ratio has been adjusted to exclude a  loss on a mortgage portfolio sale, investment securities losses, interest income and  expense for prepayment FHLB

advances with nonrecurring transactions from the balance sheet repositioning announced during the fourth quarter of 2024. See further details of these

adjustments within the non-GAAP tables in Appendix B.

(6) Compensation Actually Paid includes the ASC 718 fair value of option awards. For 2023, there is a change in the methodology to determine the value of

option awards, which has been updated in response to recent SEC guidance and interpretation. The change in methodology does not represent a material change

in the underlying value of the option awards, and thus does not represent a material change in Compensation Actually Paid.

Measure:: 2

Pay vs Performance Disclosure

Name

Revenue (growth)

Measure:: 3

Pay vs Performance Disclosure

Name

Net Income After Tax

Measure:: 4

Pay vs Performance Disclosure

Name

ROATCE

Measure:: 5

Pay vs Performance Disclosure

Name

EPS

Measure:: 6

Pay vs Performance Disclosure

Name

Efficiency Ratio

Flynn [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 3,393,524

$ 4,160,306

PEO Actually Paid Compensation Amount

$ 4,998,727

$ 1,895,528

PEO | Grant Date Fair Value of Stock Awards Granted in FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 2,674,986

PEO | Awards granted in CFY that are outstanding and unvested as of end of CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,252,955

PEO | Awards that are granted and vest in the same CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Prior year awards outstanding and unvested as of end of CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,047,416

PEO | Prior year awards that vest in CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

218,631

PEO | Prior year awards that fail to meet vesting conditions during CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

296,715

PEO | Dividends or other earnings paid on all awards in CFY prior to vesting date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

354,612

PEO | Change in Pension Value and Non-Qualified Deferred Compensation Earnings [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,655

PEO | Pension Adjustment [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,877

Non-PEO NEO | Grant Date Fair Value of Stock Awards Granted in FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

525,607

Non-PEO NEO | Awards granted in CFY that are outstanding and unvested as of end of CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

639,172

Non-PEO NEO | Awards that are granted and vest in the same CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Prior year awards outstanding and unvested as of end of CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

237,749

Non-PEO NEO | Prior year awards that vest in CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

26,159

Non-PEO NEO | Prior year awards that fail to meet vesting conditions during CFY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

70,899

Non-PEO NEO | Dividends or other earnings paid on all awards in CFY prior to vesting date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

42,787

Non-PEO NEO | Change in Pension Value and Non-Qualified Deferred Compensation Earnings [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

12,212

Non-PEO NEO | Pension Adjustment [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 3,371