Associated Banc-Corp

3Q 2012 Earnings Presentation

October 18, 2012

EXHIBIT 99.2

Forward-Looking Statements

1

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 plans, objectives, or goals for future

operations, products or services, and forecasts of its revenues, earnings, or other

measures of performance.  Such forward-looking statements may be identified by the

use of words such as “believe”, “expect”, “anticipate”, “plan”, “estimate”, “should”, “will”,

“intend”, “outlook”, or similar expressions.  Forward-looking statements are based on

current management expectations and, by their nature, are subject to risks and

uncertainties. Actual results may differ materially from those contained in the forward-

looking statements.  Factors which may cause actual results to differ materially from

those contained in such forward-looking statements include those identified in the

company’s most recent Form 10-K and subsequent SEC filings.  Such factors are

incorporated herein by reference.

Third Quarter 2012 Highlights

•

Net income available to common shareholders of $45 million or $0.26 per share

•

Return on Tier 1 common equity of 9.7%, compared to 7.8% a year ago

2

Solid Quarterly Performance

Net Income

&

ROT1CE

Loan Growth

Net Interest Income

&

Net Interest Margin

•

Total loans of $15.0 billion were up $267 million, or 2% from the end of the prior quarter

–

Loan balances have increased by $1.5 billion, or 11%, from a year ago

•

Net interest income increased by $2 million from the second quarter to $156 million

–

Net interest margin of 3.26%

Capital

•

Redeemed $150 million of outstanding 7.625% Trust preferred securities on October 1

–

Announced

intent

to

redeem

remaining

$30

million

of

TruPS

in

the

fourth

quarter

•

Capital ratios remain very strong with a Tier 1 common equity ratio of 12.01%

Deposit Growth

•

Average deposits increased by $565 million, or 4%, during the quarter

–

Deposit balances are up $1.2 billion, or 8%, from a year ago

Loan Portfolio Growth and Composition

3

Total Loans of $15.0 billion at September 30, 2012

3Q 2012 Net Loan Growth of $267 million

Total Loans ($ in billions)

+2% QoQ

Peak Loans (4Q 2008) $16.3 billion

Loan

Mix

–

3Q

2012

($ balances in millions)

* General commercial loan growth presented here is net of (i.e. reduced by) $75 million of loans

which were migrated from investor CRE to owner-occupied during Q3.

* CRE growth shown above is inclusive of the $75 million that was migrated as referenced above.

Home Equity & Installment

Commercial Real Estate*

Residential Mortgage

Power & Utilities

Oil & Gas

Mortgage Warehouse

General Commercial Loans*

Total

Commercial

Loans

+3% QoQ

$13.5

$14.0

$14.3

$14.7

$15.0

$12.0

$13.0

$14.0

$15.0

$16.0

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

($101)

$12

$45

$50

$67

$69

$125

CRE Investor

19%

Construction

4%

Commercial

& Business

Lending

37%

Res Mtg

21%

Home Equity

16%

Consumer

3%

Managing the Cost of Funds & Margin

4

Yield on Interest-earning Assets

Cost of Interest-bearing Deposits

Average Deposits

FY2011:

3.26%

Net Interest Margin

($ balances in billions)

$14.4

$14.9

$15.0

$15.1

$15.6

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

3.88%

3.81%

3.85%

3.80%

3.73%

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

3.23%

3.21%

3.31%

3.30%

3.26%

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

0.56%

0.53%

0.43%

0.37%

0.33%

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

On-going Efficiency Initiatives

Branch Initiatives:

•

Consolidated 21 branches in Q1 2012

•

Consolidating 12 additional branches in Q4 2012

•

Reformatting 4 full-service branches to lower cost delivery models

•

Eliminated the Assistant Manager role in the branch network

•

Upgrading to image-enabled and deposit automation ATMs

•

Exiting higher-cost leased branches and investing in owned facilities

Operational Initiatives:

•

Administrative consolidation in Green Bay (5 sites into 1 location)

•

Mortgage origination processing consolidation (consolidation into 3 sites)

•

Chicago commercial consolidation (relocating to 1 location in 2013)

5

Focused on Improving Core Operational Efficiencies

Continued Improvement in Credit Quality Indicators

6

($ in millions)

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

Potential problem loans

$     660

$     566

$     480

$     410

$     404

Nonaccruals

$     403

$     357

$     327

$     318

$     278

Provision for loan losses

$         4

$         1

$         0

$         0

$         0

Net charge offs

$       30

$       23

$       22

$       24

$       18

ALLL/Total loans

2.96%

2.70%

2.50%

2.26%

2.11%

ALLL/Nonaccruals

99.09%

105.99%

108.93%

104.65%

113.29%

NPA/Assets

2.03%

1.82%

1.65%

1.62%

1.38%

Nonaccruals/Loans

2.99%

2.54%

2.29%

2.16%

1.86%

NCOs / Avg Loans

0.90%

0.64%

0.61%

0.65%

0.47%

Strong Capital Profile & Improving Earnings

7

Net Income

($ in millions)

Return on Tier 1

Common Equity

•

Current capital levels are well in excess of      

“well-capitalized”

regulatory benchmarks

–

Existing capital levels are already above

proposed Basel III capital levels

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

12.44%

12.24%

12.49%

12.04%

12.01%

$0

$10

$20

$30

$40

$50

0.00%

2.50%

5.00%

7.50%

10.00%

12.50%

2Q 2011

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

6.1%

7.8%

9.0%

9.2%

9.3%

9.7%

$26

$34

$40

$41

$42

$45

Net Income Available to Common & ROT1CE

Tier 1 Common Equity Ratio