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Associated Bank, National Association

Green Bay, WI · Cert 5296 · Associated Banc-Corp

National charter · OCC · 217 branches

Q2 2026

$51.8BAssets
$36.6BLoans
$40.1BDeposits
$5.4BEquity
Loan mix
57%RE $16.1B30%C&I $8.5B12%Consumer $3.4BQ3 2024Q2 2026
Deposit mix
82%Interest-bearing $33.1B18%Noninterest $7.0BQ3 2024Q2 2026

Market Position · Milwaukee-Waukesha, WI · 2026 SOD (annual) · 10.6% share · #4 of 43 inst. · $8.5B of $79.9B

53.3% Brown
10.8% Milwaukee
0.8% Cook
10.6% Dane

Executive Summary

  • Earnings: ROA of 1.04%, unchanged from a year ago; NIM at 2.96%.
  • Asset quality: problem loans at 0.42% of loans (0 bps YoY), with net charge-offs at 0.25%.
  • Capital: tier 1 leverage ratio of 8.40%, up 6 bps from a year ago.
  • Funding: loans stand at 91.17% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.04%0 bps YoY

Net Interest Margin (quarter, annualized)

2.96%+12 bps YoY

Efficiency Ratio (quarter, annualized)

58.69%+255 bps YoY

Tier 1 Leverage Ratio

8.40%+6 bps YoY

NIM

5.14%Q2 ’245.03%Q2 ’254.87%Q2 ’26+11%+4%

Non-interest income vs. expense

1.89%Q2 ’241.92%Q2 ’252.11%Q2 ’26+4%+15%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.89%-1.57%0.97%1.04%1.15%1.24%1.07%1.04%0 bps
Return on Equity8.83%-15.39%9.26%9.90%10.84%11.68%10.10%9.95%+4 bps
Net Interest Margin2.61%2.64%2.75%2.83%2.84%2.86%2.80%2.96%+12 bps
Efficiency Ratio59.39%104.37%59.69%56.13%55.33%55.76%56.52%58.69%+255 bps
Non-Interest Burden1.26%2.68%1.41%1.30%1.22%1.25%1.27%1.49%+19 bps
Growth
Asset Growth (YoY)1.38%4.88%5.27%5.67%5.30%5.07%5.29%17.81%+1,214 bps
Loan Growth (YoY)-0.59%3.78%2.72%3.40%3.18%2.59%5.06%19.09%+1,569 bps
Deposit Growth (YoY)5.22%4.21%4.43%4.38%3.32%2.11%1.62%17.31%+1,293 bps
Asset Quality
Nonperforming Loans / Loans0.46%0.42%0.46%0.42%0.36%0.33%0.36%0.42%0 bps
Net Charge-Offs / Loans0.17%0.16%0.11%0.17%0.17%0.03%0.07%0.25%+9 bps
Allowance / Loans1.20%1.19%1.22%1.23%1.22%1.21%1.21%1.21%-1 bps
Allowance Coverage of NPLs2.6x2.8x2.6x2.9x3.4x3.6x3.4x2.9x0.0x
Capital
Tier 1 Leverage Ratio8.07%8.34%8.34%8.34%8.41%8.53%8.57%8.40%+6 bps
Total Risk-Based Capital11.74%12.03%12.20%12.25%12.32%12.43%12.41%11.98%-27 bps
Equity / Assets10.08%10.36%10.51%10.54%10.60%10.63%10.61%10.35%-19 bps
Liquidity & Funding
Loans / Deposits88.90%87.25%86.15%89.81%88.79%87.65%89.06%91.17%+136 bps
Liquid Assets / Assets9.91%9.76%10.21%10.04%10.00%10.51%9.86%9.23%-81 bps
CRE / Total Capitaln/an/an/an/a235%228%228%n/an/a