ASSOCIATED BANC-CORP - FORM 8-K - EX-99.1

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Exhibit 99.1


		NEWS RELEASE

		Investor Contact: Brian Klaus, VP of Finance, Investor Relations 920-491-7059 Media Contact: Autumn Latimore, Senior Vice President, Public Relations Director 414-278-1860

Associated Reports First Quarter Earnings of $0.27 per share

Earnings per share up 12.5% from a year ago

GREEN BAY, Wis. — April 18, 2013 — Associated Banc-Corp (NASDAQ: ASBC) today reported net income to common shareholders of $46 million, or $0.27 per common share, for the quarter ended March 31, 2013. This compares to net income to common shareholders of $41 million, or $0.24 per common share, for the quarter ended March 31, 2012.

“We are pleased with our solid results this quarter and remain optimistic about our long term prospects,” said President and CEO Philip B. Flynn. “Our mortgage banking business had a very strong quarter and we remain focused on expense management. We continue to execute on our long-term growth strategies with a focus on relationship banking for consumers and businesses, and remain disciplined in our approach to capital deployment through share buybacks and dividend payments.”

HIGHLIGHTS

•

Net income to common shareholders of $46 million, up 11.5% from the prior year period

–

Quarterly earnings were at the highest level since mid-2008

•

Return on Tier 1 common equity for the quarter was 10.1%, compared to 9.2% for the prior year period

•

Loan balances increased by a net $141 million, or 1% during the first quarter and have increased $1.3 billion, or 9% from a year ago

–

Average loan balances increased by $317 million, or 2% from the fourth quarter and have increased $1.1 billion, or 8% from a year ago

–

Total commercial loan balances grew by $190 million, or 2% during the quarter and accounted for the majority of the quarter’s net loan growth

•

Average deposits for the first quarter increased by $2.1 billion, or 14% from a year ago to $17.1 billion

–

Average deposits increased by $496 million, or 3%, from the fourth quarter

•

Credit quality continued to improve with net charge offs, nonaccrual loans, and potential problem loans all declining quarter over quarter

•

During the first quarter, the Company repurchased $30 million, or approximately 2 million shares, of common stock at an average cost of $14.31

•

Capital ratios remain very strong with a Tier 1 common equity ratio of 11.64%

– More –

FIRST QUARTER 2013 FINANCIAL RESULTS

Loans

Average loans of $15.4 billion increased by $317 million, or 2% from the fourth quarter and increased $1.1 billion, or 8%, from the year ago quarter.

Period end first quarter loans of $15.6 billion were up $141 million, or 1%, from $15.4 billion at December 31, 2012 and up $1.3 billion, or 9%, from $14.3 billion a year ago. Commercial and business lending balances increased by $123 million, or 2% from the prior quarter. Commercial real estate lending balances grew by $67 million, or 2% on a linked-quarter basis. The residential mortgage portfolio grew by $91 million, or 3%, during the quarter while the retail portfolio, which includes home equity and installment loan balances, experienced net run-off of $140 million, or 5%, during the quarter.

Deposits

Average deposits of $17.1 billion were up $496 million, or 3%, compared to the fourth quarter and increased by $2.1 billion, or 14%, from the year ago quarter.

Period end first quarter deposits of $17.4 billion were up $481 million, or 3%, compared to fourth quarter levels. The net deposit growth during the quarter was driven by increases of $412 million, or 16%, in interest bearing demand deposits and $319 million, or 5%, in money market deposits. This was mainly offset by a decrease of $306 million in noninterest bearing demand deposit balances.

Net Interest Income and Net Interest Margin

First quarter net interest income of $158 million was 2% lower compared to the prior quarter but up 2% compared to the year-ago quarter. The $4 million decline in interest and fees on loans from the prior quarter is primarily attributable to two less days of accrual during the respective period ($2 million) and $1 million in lower interest recoveries. The fourth quarter of 2012 also included $2 million of interest income received on a tax refund.

First quarter net interest margin was 3.17%, a decrease of 15 basis points from the 3.32% reported in the fourth quarter and a 9 basis point decrease from the 3.26% reported in the third quarter of 2012. The decrease from the fourth quarter of 2012 was mainly due to a 15 basis point decline in loan yields. Both commercial and consumer loan yields saw compression during the period. This compression was partially offset by 6 basis points of liability cost management actions. In addition, the fourth quarter 2012 net interest margin included a 3 basis point benefit related to interest received relating to the tax refund.

Noninterest Income and Expense

Noninterest income for the quarter was $82 million, up $4 million, or 5%, from the fourth quarter. The improvement was primarily due to an increase in mortgage banking income, up $4 million, reflecting continued strong margins and reduced mortgage servicing rights expense.

– More –

Total noninterest expense for the quarter ended March 31, 2013 was $167 million, down $9 million, or 5%, from the fourth quarter. Personnel expense was flat to the prior quarter as lower salary expenses were offset by the seasonal effect of higher payroll taxes. Full-time equivalent (FTE) employee counts were at their lowest levels since mid-2010. Legal and professional expense decreased $3 million from the previous quarter, mainly reflecting lower professional fees relating to Bank Secrecy Act expenditures. Occupancy expenses were down $2 million from the previous quarter, primarily from branch consolidation benefits. In addition, losses other than loans were $3 million lower than the fourth quarter.

Credit

The Company reported another quarter of improving credit quality with nonaccrual loans down 11%, to $225 million compared to the fourth quarter, and down 31% from a year ago. The ratio of nonaccrual loans to total loans now stands at 1.45% and has improved for the 12^th consecutive quarter.

Net charge offs of $14 million for the first quarter were down $6 million from the fourth quarter, and were $7 million lower than a year ago.

First quarter provision for loan losses was $4 million compared to $3 million in the fourth quarter 2012. The Company’s allowance for loan losses was $287 million, representing an allowance equal to 1.84% of loans and representing a coverage ratio of over 127% of nonaccrual loans at March 31, 2013.

Capital Ratios

The Company’s capital position remains very strong, with a Tier 1 common equity ratio of 11.64% at March 31, 2013. The Company’s capital ratios continue to be well in excess of both current and proposed “well-capitalized” regulatory benchmarks.

FIRST QUARTER 2013 EARNINGS RELEASE CONFERENCE CALL

The Company will host a conference call for investors and analysts at 4:00 p.m. Central Time (CT) today, April 18, 2013. Interested parties can listen to the call live on the Internet through the investor relations section of the company’s website, http://investor.associatedbank.com or by dialing 888-317-6016. The slide presentation for the call will be available on the company’s website just prior to the call. The number for international callers is 412-317-6016. Participants should ask the operator for the Associated Banc-Corp first quarter 2013 earnings call.

An audio archive of the webcast will be available on the company’s website at http://investor.associatedbank.com. A telephone replay will be available one hour after the completion of the call through 8:00 a.m. CT on May 20, 2013, by dialing 877-344-7529 and entering the conference ID number 10027203. The replay number for international callers is 412-317-0088.

– More –

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NASDAQ: ASBC) has total assets of $23 billion and is one of the top 50, publicly traded, U.S. bank holding companies. Headquartered in Green Bay, Wis., Associated is a leading Midwest banking franchise, offering a full range of financial products and services through approximately 240 banking locations serving more than 150 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

FORWARD LOOKING STATEMENTS

Statements made in this document 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.

# # #

Consolidated Balance Sheets (Unaudited)

Associated Banc-Corp


(in thousands)	March 31, 2013			December 31, 2012			Seql Qtr $ Change			September 30, 2012			June 30, 2012			March 31, 2012			Comp Qtr $ Change
*Assets*
Cash and due from banks	$	336,247		$	563,304		$	(227,057	)	$	419,529		$	414,760		$	360,728		$	(24,481	)
Interest-bearing deposits in other financial institutions		82,555			147,434			(64,879	)		531,303			180,050			344,148			(261,593	)
Federal funds sold and securities purchased under agreements to resell		8,600			27,135			(18,535	)		2,460			3,800			7,100			1,500
Securities held to maturity, at amortized cost		54,123			39,877			14,246			21,852			—			—			54,123
Securities available for sale, at fair value		4,950,317			4,926,758			23,559			4,496,198			4,521,436			4,669,100			281,217
Federal Home Loan Bank and Federal Reserve Bank stocks, at cost		152,490			166,774			(14,284	)		166,100			176,041			177,808			(25,318	)
Loans held for sale		173,389			261,410			(88,021	)		157,093			157,481			196,570			(23,181	)
Loans		15,551,562			15,411,022			140,540			14,966,214			14,698,902			14,253,725			1,297,837
Allowance for loan losses		(286,923	)		(297,409	)		10,486			(315,150	)		(332,658	)		(356,298	)		69,375

Loans, net		15,264,639			15,113,613			151,026			14,651,064			14,366,244			13,897,427			1,367,212
Premises and equipment, net		254,674			253,958			716			238,756			225,245			225,164			29,510
Goodwill		929,168			929,168			—			929,168			929,168			929,168			—
Other intangible assets, net		66,294			61,176			5,118			61,294			64,812			68,374			(2,080	)
Trading assets		65,014			70,711			(5,697	)		76,159			73,484			69,081			(4,067	)
Other assets		940,258			926,417			13,841			987,378			968,579			969,002			(28,744	)

*Total assets*	$	23,277,768			23,487,735		$	(209,967	)	$	22,738,354		$	22,081,100		$	21,913,670		$	1,364,098

*Liabilities and Stockholders’ Equity*
Noninterest-bearing demand deposits	$	4,453,109			4,759,556		$	(306,447	)	$	4,320,437		$	3,874,429		$	3,989,156		$	463,953
Interest-bearing deposits		12,968,185			12,180,309			787,876			12,130,155			11,232,442			11,664,220			1,303,965

Total deposits		17,421,294			16,939,865			481,429			16,450,592			15,106,871			15,653,376			1,767,918
Federal funds purchased and securities sold under agreements to repurchase		730,855			750,455			(19,600	)		1,138,027			1,253,270			1,236,219			(505,364	)
Other short-term funding		1,038,697			1,576,484			(537,787	)		615,258			1,400,000			700,000			338,697
Long-term funding		915,063			1,015,346			(100,283	)		1,305,422			1,150,729			1,176,736			(261,673	)
Trading liabilities		70,236			76,343			(6,107	)		82,861			80,107			75,130			(4,894	)
Accrued expenses and other liabilities		165,358			192,843			(27,485	)		195,742			180,502			171,336			(5,978	)

Total liabilities		20,341,503			20,551,336			(209,833	)		19,787,902			19,171,479			19,012,797			1,328,706
Stockholders’ Equity
Preferred equity		63,272			63,272			—			63,272			63,272			63,272			—
Common stock		1,750			1,750			—			1,750			1,750			1,750			—
Surplus		1,605,966			1,602,136			3,830			1,599,070			1,594,995			1,590,336			15,630
Retained earnings		1,297,692			1,281,811			15,881			1,250,189			1,213,735			1,181,247			116,445
Accumulated other comprehensive income		42,991			48,603			(5,612	)		67,303			66,579			65,278			(22,287	)
Treasury stock		(75,406	)		(61,173	)		(14,233	)		(31,132	)		(30,710	)		(1,010	)		(74,396	)

Total stockholders’ equity		2,936,265			2,936,399			(134	)		2,950,452			2,909,621			2,900,873			35,392

*Total liabilities and stockholders’ equity*	$	23,277,768			23,487,735		$	(209,967	)	$	22,738,354		$	22,081,100		$	21,913,670		$	1,364,098

Page 5

Consolidated Statements of Income (Unaudited)

Associated Banc-Corp


	For The Three Months Ended March 31,						Quarter
(in thousands, except per share amounts)	2013			2012			$ Change			% Change
*Interest Income*
Interest and fees on loans	$	145,527		$	149,023		$	(3,496	)		(2.3	%)
Interest and dividends on investment securities:
Taxable		21,613			23,029			(1,416	)		(6.1	%)
Tax-exempt		6,965			7,274			(309	)		(4.2	%)
Other interest		1,247			1,247			—			0.0	%

Total interest income		175,352			180,573			(5,221	)		(2.9	%)
*Interest Expense*
Interest on deposits		8,541			12,036			(3,495	)		(29.0	%)
Interest on Federal funds purchased and securities sold under agreements to repurchase		410			767			(357	)		(46.5	%)
Interest on other short-term funding		332			1,056			(724	)		(68.6	%)
Interest on long-term funding		8,416			12,046			(3,630	)		(30.1	%)

Total interest expense		17,699			25,905			(8,206	)		(31.7	%)

*Net Interest Income*		157,653			154,668			2,985			1.9	%
Provision for loan losses		4,000			—			4,000			N/M

Net interest income after provision for loan losses		153,653			154,668			(1,015	)		(0.7	%)
*Noninterest Income*
Trust service fees		10,910			9,787			1,123			11.5	%
Service charges on deposit accounts		16,829			18,042			(1,213	)		(6.7	%)
Card-based and other nondeposit fees		11,950			10,879			1,071			9.8	%
Insurance commissions		11,763			11,590			173			1.5	%
Brokerage and annuity commissions		3,516			4,127			(611	)		(14.8	%)

Total core fee-based revenue		54,968			54,425			543			1.0	%
Mortgage banking, net		17,765			17,654			111			0.6	%
Capital market fees, net		2,583			3,716			(1,133	)		(30.5	%)
Bank owned life insurance income		2,970			4,292			(1,322	)		(30.8	%)
Asset gains (losses), net		836			(3,594	)		4,430			(123.3	%)
Investment securities gains, net		300			40			260			N/M
Other		2,578			1,913			665			34.8	%

Total noninterest income		82,000			78,446			3,554			4.5	%
*Noninterest Expense*
Personnel expense		97,907			94,281			3,626			3.8	%
Occupancy		15,662			15,179			483			3.2	%
Equipment		6,167			5,468			699			12.8	%
Data processing		11,508			9,516			1,992			20.9	%
Business development and advertising		4,537			5,381			(844	)		(15.7	%)
Other intangible amortization		1,011			1,049			(38	)		(3.6	%)
Loan expense		3,284			2,910			374			12.9	%
Legal and professional fees		5,345			9,715			(4,370	)		(45.0	%)
Losses other than loans		(316	)		3,550			(3,866	)		(108.9	%)
Foreclosure/OREO expense		2,422			3,362			(940	)		(28.0	%)
FDIC expense		5,432			4,870			562			11.5	%
Other		13,956			14,481			(525	)		(3.6	%)

Total noninterest expense		166,915			169,762			(2,847	)		(1.7	%)

*Income before income taxes*		68,738			63,352			5,386			8.5	%
Income tax expense		21,350			20,719			631			3.0	%

*Net income*		47,388			42,633			4,755			11.2	%
Preferred stock dividends and discount		1,300			1,300			—			0.0	%

*Net income available to common equity*	$	46,088		$	41,333		$	4,755			11.5	%

Earnings Per Common Share:
Basic	$	0.27		$	0.24		$	0.03			12.5	%
Diluted	$	0.27		$	0.24		$	0.03			12.5	%
Average Common Shares Outstanding:
Basic		168,234			173,846			(5,612	)		(3.2	%)
Diluted		168,404			173,848			(5,444	)		(3.1	%)

N/M = Not meaningful.

Page 6

Consolidated Statements of Income (Unaudited) - Quarterly Trend

Associated Banc-Corp


							Sequential Qtr															Comparable Qtr
(in thousands, except per share amounts)	1Q13			4Q12			$ Change			% Change			3Q12			2Q12			1Q12			$ Change			% Change
*Interest Income*
Interest and fees on loans	$	145,527		$	150,107		$	(4,580	)		(3.1	%)	$	149,647		$	147,188		$	149,023		$	(3,496	)		(2.3	%)
Interest and dividends on investment securities:
Taxable		21,613			20,368			1,245			6.1	%		20,548			23,000			23,029			(1,416	)		(6.1	%)
Tax-exempt		6,965			7,119			(154	)		(2.2	%)		7,127			7,135			7,274			(309	)		(4.2	%)
Other interest		1,247			2,876			(1,629	)		(56.6	%)		1,334			1,262			1,247			—			0.0	%

Total interest income		175,352			180,470			(5,118	)		(2.8	%)		178,656			178,585			180,573			(5,221	)		(2.9	%)
*Interest Expense*
Interest on deposits		8,541			9,091			(550	)		(6.0	%)		9,751			10,553			12,036			(3,495	)		(29.0	%)
Interest on Federal funds purchased and securities sold under agreements to repurchase		410			558			(148	)		(26.5	%)		750			612			767			(357	)		(46.5	%)
Interest on other short-term funding		332			226			106			46.9	%		815			1,197			1,056			(724	)		(68.6	%)
Interest on long-term funding		8,416			9,140			(724	)		(7.9	%)		11,738			11,956			12,046			(3,630	)		(30.1	%)

Total interest expense		17,699			19,015			(1,316	)		(6.9	%)		23,054			24,318			25,905			(8,206	)		(31.7	%)

*Net Interest Income*		157,653			161,455			(3,802	)		(2.4	%)		155,602			154,267			154,668			2,985			1.9	%
Provision for loan losses		4,000			3,000			1,000			33.3	%		—			—			—			4,000			N/M

Net interest income after provision for loan losses		153,653			158,455			(4,802	)		(3.0	%)		155,602			154,267			154,668			(1,015	)		(0.7	%)
*Noninterest Income*
Trust service fees		10,910			10,429			481			4.6	%		10,396			10,125			9,787			1,123			11.5	%
Service charges on deposit accounts		16,829			16,817			12			0.1	%		17,290			16,768			18,042			(1,213	)		(6.7	%)
Card-based and other nondeposit fees		11,950			12,690			(740	)		(5.8	%)		12,209			12,084			10,879			1,071			9.8	%
Insurance commissions		11,763			10,862			901			8.3	%		11,650			12,912			11,590			173			1.5	%
Brokerage and annuity commissions		3,516			3,678			(162	)		(4.4	%)		3,632			4,206			4,127			(611	)		(14.8	%)

Total core fee-based revenue		54,968			54,476			492			0.9	%		55,177			56,095			54,425			543			1.0	%
Mortgage banking, net		17,765			13,530			4,235			31.3	%		15,581			16,735			17,654			111			0.6	%
Capital market fees, net		2,583			4,243			(1,660	)		(39.1	%)		3,609			2,673			3,716			(1,133	)		(30.5	%)
Bank owned life insurance income		2,970			3,206			(236	)		(7.4	%)		3,290			3,164			4,292			(1,322	)		(30.8	%)
Asset gains (losses), net		836			(209	)		1,045			N/M			(3,309	)		(4,984	)		(3,594	)		4,430			(123.3	%)
Investment securities gains, net		300			152			148			97.4	%		3,506			563			40			260			N/M
Other		2,578			2,507			71			2.8	%		3,134			1,705			1,913			665			34.8	%

Total noninterest income		82,000			77,905			4,095			5.3	%		80,988			75,951			78,446			3,554			4.5	%
*Noninterest Expense*
Personnel expense		97,907			98,073			(166	)		(0.2	%)		95,231			93,819			94,281			3,626			3.8	%
Occupancy		15,662			17,273			(1,611	)		(9.3	%)		14,334			14,008			15,179			483			3.2	%
Equipment		6,167			6,444			(277	)		(4.3	%)		5,935			5,719			5,468			699			12.8	%
Data processing		11,508			11,706			(198	)		(1.7	%)		11,022			11,304			9,516			1,992			20.9	%
Business development and advertising		4,537			5,395			(858	)		(15.9	%)		5,059			5,468			5,381			(844	)		(15.7	%)
Other intangible amortization		1,011			1,049			(38	)		(3.6	%)		1,048			1,049			1,049			(38	)		(3.6	%)
Loan expense		3,284			3,130			154			4.9	%		3,297			2,948			2,910			374			12.9	%
Legal and professional fees		5,345			8,174			(2,829	)		(34.6	%)		7,686			5,657			9,715			(4,370	)		(45.0	%)
Losses other than loans		(316	)		3,071			(3,387	)		(110.3	%)		3,577			2,060			3,550			(3,866	)		(108.9	%)
Foreclosure/OREO expense		2,422			3,293			(871	)		(26.5	%)		4,071			4,343			3,362			(940	)		(28.0	%)
FDIC expense		5,432			4,813			619			12.9	%		5,017			4,778			4,870			562			11.5	%
Other		13,956			13,907			49			0.4	%		13,426			14,877			14,481			(525	)		(3.6	%)

Total noninterest expense		166,915			176,328			(9,413	)		(5.3	%)		169,703			166,030			169,762			(2,847	)		(1.7	%)

*Income before income taxes*		68,738			60,032			8,706			14.5	%		66,887			64,188			63,352			5,386			8.5	%
Income tax expense		21,350			13,404			7,946			59.3	%		20,492			20,871			20,719			631			3.0	%

*Net income*		47,388			46,628			760			1.6	%		46,395			43,317			42,633			4,755			11.2	%
Preferred stock dividends and discount		1,300			1,300			—			0.0	%		1,300			1,300			1,300			—			0.0	%

*Net income available to common equity*	$	46,088		$	45,328		$	760			1.7	%	$	45,095		$	42,017		$	41,333		$	4,755			11.5	%

Earnings Per Common Share:
Basic	$	0.27		$	0.26		$	0.01			3.8	%	$	0.26		$	0.24		$	0.24		$	0.03			12.5	%
Diluted	$	0.27		$	0.26		$	0.01			3.8	%	$	0.26		$	0.24		$	0.24		$	0.03			12.5	%
Average Common Shares Outstanding:
Basic		168,234			170,707			(2,473	)		(1.4	%)		171,650			172,839			173,846			(5,612	)		(3.2	%)
Diluted		168,404			170,896			(2,492	)		(1.5	%)		171,780			172,841			173,848			(5,444	)		(3.1	%)

N/M = Not meaningful.

Page 7

Selected Quarterly Information

Associated Banc-Corp


(in thousands, except per share, full time equivalent employee data and otherwise noted)	1st Qtr 2013			4th Qtr 2012			3rd Qtr 2012			2nd Qtr 2012			1st Qtr 2012
*Summary of Operations*
Net interest income	$	157,653		$	161,455		$	155,602		$	154,267		$	154,668
Provision for loan losses		4,000			3,000			—			—			—
Asset gains (losses), net		836			(209	)		(3,309	)		(4,984	)		(3,594	)
Investment securities gains, net		300			152			3,506			563			40
Noninterest income (excluding securities & asset gains)		80,864			77,962			80,791			80,372			82,000
Noninterest expense		166,915			176,328			169,703			166,030			169,762
Income before income taxes		68,738			60,032			66,887			64,188			63,352
Income tax expense		21,350			13,404			20,492			20,871			20,719
Net income		47,388			46,628			46,395			43,317			42,633
Net income available to common equity		46,088			45,328			45,095			42,017			41,333
Taxable equivalent adjustment		5,090			5,221			5,268			5,254			5,303

*Per Common Share Data*
Net income:
Basic	$	0.27		$	0.26		$	0.26		$	0.24		$	0.24
Diluted		0.27			0.26			0.26			0.24			0.24
Dividends		0.08			0.08			0.05			0.05			0.05
Market Value:
High	$	15.30		$	13.54		$	13.79		$	13.97		$	14.63
Low		13.46			12.19			12.04			11.76			11.43
Close		15.19			13.12			13.16			13.19			13.96
Book value		17.13			16.97			16.82			16.59			16.32
Tier 1 common equity / share		11.22			11.08			10.89			10.66			10.46
Tangible book value		11.51			11.39			11.31			11.07			10.87

*Performance Ratios (annualized)*
Earning assets yield		3.52	%		3.70	%		3.73	%		3.80	%		3.85	%
Interest-bearing liabilities rate		0.45			0.51			0.62			0.65			0.70
Net interest margin		3.17			3.32			3.26			3.30			3.31
Return on average assets		0.83			0.83			0.84			0.80			0.79
Return on average tangible common equity		9.81			9.15			9.32			8.87			8.85
Return on average Tier 1 common equity (1)		10.07			9.61			9.69			9.26			9.23
Efficiency ratio (2)		68.52			72.08			70.22			69.21			70.16
Effective tax rate		31.06			22.33			30.64			32.52			32.70
Dividend payout ratio (3)		29.63			30.77			19.23			20.83			20.83

*Average Balances*
Assets	$	23,038,708		$	22,461,886		$	22,016,748		$	21,684,600		$	21,659,139
Earning assets		20,680,919			20,032,432			19,659,796			19,386,046			19,371,729
Interest-bearing liabilities		15,719,383			14,840,162			14,940,697			14,922,006			14,920,413
Loans (4)		15,448,152			15,131,102			14,916,793			14,602,602			14,310,441
Deposits		17,146,384			16,650,268			15,615,856			15,050,684			15,000,567
Short and long-term funding		2,758,923			2,638,661			3,286,943			3,566,346			3,603,700
Common stockholders’ equity		2,850,227			2,915,346			2,870,438			2,852,050			2,826,913
Stockholders’ equity		2,913,499			2,978,618			2,933,710			2,915,322			2,890,185
Average Tier 1 common equity (5)		1,856,431			1,876,686			1,850,610			1,825,441			1,801,649

*At Period End*
Assets	$	23,277,768		$	23,487,735		$	22,738,354		$	22,081,100		$	21,913,670
Loans		15,551,562			15,411,022			14,966,214			14,698,902			14,253,725
Allowance for loan losses		286,923			297,409			315,150			332,658			356,298
Goodwill		929,168			929,168			929,168			929,168			929,168
Mortgage servicing rights, net		52,078			45,949			45,018			47,488			50,001
Other intangible assets, net		14,216			15,227			16,276			17,324			18,373
Deposits		17,421,294			16,939,865			16,450,592			15,106,871			15,653,376
Loans / deposits		89.27	%		90.97	%		90.98	%		97.30	%		91.06	%
Risk weighted assets ($ in millions) (6)		16,163			16,149			15,575			15,188			14,570
Tier 1 common equity (5)		1,881,410			1,875,534			1,869,931			1,828,529			1,819,782
Stockholders’ equity / assets		12.61	%		12.50	%		12.98	%		13.18	%		13.24	%
Tangible common equity / tangible assets (7)		8.64	%		8.56	%		8.91	%		8.99	%		9.01	%
Tangible equity / tangible assets (8)		8.92	%		8.84	%		9.20	%		9.29	%		9.32	%
Tier 1 common equity / risk-weighted assets (6)		11.64	%		11.61	%		12.01	%		12.04	%		12.49	%
Tier 1 leverage ratio (6)		8.78	%		8.98	%		9.99	%		9.95	%		10.03	%
Tier 1 risk-based capital ratio (6)		12.03	%		12.01	%		13.57	%		13.64	%		14.33	%
Total risk-based capital ratio (6)		13.45	%		13.42	%		15.00	%		15.08	%		15.78	%
Shares outstanding, end of period		167,673			169,304			171,657			171,611			173,923

*Selected trend information*
Average full time equivalent employees		4,841			4,915			4,965			4,951			5,045
Trust assets under management, at market value ($ in millions)	$	6,913		$	6,454		$	6,163		$	5,934		$	5,983
Mortgage loans originated for sale during period		681,410			780,469			715,184			738,091			563,688
Mortgage portfolio serviced for others ($ in millions)		7,585			7,453			7,547			7,511			7,284
Mortgage servicing rights, net / Portfolio serviced for others		0.69	%		0.62	%		0.60	%		0.63	%		0.69	%

(1)	Return on average Tier 1 common equity = Net income available to common equity divided by average Tier 1 common equity. This is a non-GAAP financial measure.

(2)	Efficiency ratio = Noninterest expense divided by sum of taxable equivalent net interest income plus noninterest income, excluding investment securities gains, net, and asset gains, net. This is a non-GAAP financial measure.

(3)	Ratio is based upon basic earnings per common share.

(4)	Loans held for sale have been included in the average balances.

(5)	Tier 1 common equity (period end and average) is Tier 1 capital excluding qualifying perpetual preferred stock and qualifying trust preferred securities.

(6)	March 31, 2013 data is estimated.

(7)	Tangible common equity to tangible assets = Common stockholders’ equity excluding goodwill and other intangible assets divided by assets excluding goodwill and other intangible assets. This is a non-GAAP financial measure.

(8)	Tangible equity to tangible assets = Stockholders’ equity excluding goodwill and other intangible assets divided by assets excluding goodwill and other intangible assets. This is a non-GAAP financial measure.

Page 8

Selected Asset Quality Information

Associated Banc-Corp


*(in thousands)*	Mar 31, 2013			Dec 31, 2012			Mar 13 vs Dec 12 % Change			Sep 30, 2012			Jun 30, 2012			Mar 31, 2012			Mar 13 vs Mar 12 % Change
*Allowance for Loan Losses*
Beginning balance	$	297,409		$	315,150			(5.6	%)	$	332,658		$	356,298		$	378,151			(21.4	%)
Provision for loan losses		4,000			3,000			33.3	%		—			—			—			N/M
Charge offs		(27,128	)		(30,417	)		(10.8	%)		(25,030	)		(30,340	)		(31,259	)		(13.2	%)
Recoveries		12,642			9,676			30.7	%		7,522			6,700			9,406			34.4	%

Net charge offs		(14,486	)		(20,741	)		(30.2	%)		(17,508	)		(23,640	)		(21,853	)		(33.7	%)

Ending balance	$	286,923		$	297,409			(3.5	%)	$	315,150		$	332,658		$	356,298			(19.5	%)

Reserve for losses on unfunded commitments	$	21,100		$	21,800			(3.2	%)	$	19,800		$	18,900		$	15,600			35.3	%

*Net Charge Offs*	Mar 31, 2013			Dec 31, 2012			Mar 13 vs Dec 12 % Change			Sep 30, 2012			Jun 30, 2012			Mar 31, 2012			Mar 13 vs Mar 12 % Change
Commercial and industrial	$	696		$	2,630			(73.5	%)	$	3,831		$	14,544		$	3,872			(82.0	%)
Commercial real estate—owner occupied		1,518			2,056			(26.2	%)		(8	)		1,164			415			N/M
Lease financing		(12	)		754			N/M			(20	)		—			(1,836	)		(99.3	%)

Commercial and business lending		2,202			5,440			(59.5	%)		3,803			15,708			2,451			(10.2	%)
Commercial real estate—investor		163			(232	)		N/M			1,905			177			7,354			(97.8	%)
Real estate construction		1,392			858			62.2	%		(187	)		558			230			N/M

Commercial real estate lending		1,555			626			148.4	%		1,718			735			7,584			(79.5	%)

Total commercial		3,757			6,066			(38.1	%)		5,521			16,443			10,035			(62.6	%)
Home equity revolving lines of credit		3,615			3,590			0.7	%		4,180			2,637			5,604			(35.5	%)
Home equity loans 1st liens		765			1,060			(27.8	%)		1,056			778			806			(5.1	%)
Home equity loans junior liens		1,957			3,421			(42.8	%)		2,686			1,869			2,540			(23.0	%)

Home equity		6,337			8,071			(21.5	%)		7,922			5,284			8,950			(29.2	%)
Installment		177			1,027			(82.8	%)		324			371			101			75.2	%
Residential mortgage		4,215			5,577			(24.4	%)		3,741			1,542			2,767			52.3	%

Total consumer		10,729			14,675			(26.9	%)		11,987			7,197			11,818			(9.2	%)

Total net charge offs	$	14,486		$	20,741			(30.2	%)	$	17,508		$	23,640		$	21,853			(33.7	%)


Net Charge Offs to Average Loans (in basis points) *	Mar 31, 2013			Dec 31, 2012						Sep 30, 2012			Jun 30, 2012			Mar 31, 2012
Commercial and industrial		6			25						37			151			42
Commercial real estate—owner occupied		51			69						(0	)		43			16
Lease financing		(8	)		480						(13	)		—			N/M

Commercial and business lending		16			40						29			126			20
Commercial real estate—investor		2			(3	)					27			3			113
Real estate construction		82			54						(12	)		40			16

Commercial real estate lending		18			7						20			9			96

Total commercial		17			27						25			79			50
Home equity revolving lines of credit		159			148						167			104			215
Home equity loans 1st liens		32			40						38			28			29
Home equity loans junior liens		303			486						361			240			307

Home equity		119			140						132			86			144
Installment		16			86						26			28			7
Residential mortgage		47			64						45			19			34

Total consumer		70			93						77			46			76

Total net charge offs		38			55						47			65			61


*Credit Quality*	Mar 31, 2013			Dec 31, 2012			Mar 13 vs Dec 12 % Change			Sep 30, 2012			Jun 30, 2012			Mar 31, 2012			Mar 13 vs Mar 12 % Change
Nonaccrual loans	$	225,436		$	252,868			(10.8	%)	$	278,172		$	317,872		$	327,085			(31.1	%)
Other real estate owned (OREO)		35,156			34,900			0.7	%		36,053			40,029			34,425			2.1	%

Total nonperforming assets	$	260,592		$	287,768			(9.4	%)	$	314,225		$	357,901		$	361,510			(27.9	%)

Loans 90 or more days past due and still accruing		5,690			2,289			148.6	%		2,334			5,224			2,497			127.9	%
Restructured loans (accruing)		120,093			121,087			(0.8	%)		135,791			122,229			120,719			(0.5	%)
Allowance for loan losses / loans		1.84	%		1.93	%					2.11	%		2.26	%		2.50	%
Allowance for loan losses / nonaccrual loans		127.27			117.61						113.29			104.65			108.93
Nonaccrual loans / total loans		1.45			1.64						1.86			2.16			2.29
Nonperforming assets / total loans plus OREO		1.67			1.86						2.09			2.43			2.53
Nonperforming assets / total assets		1.12			1.23						1.38			1.62			1.65
Net charge offs / average loans (annualized)		0.38			0.55						0.47			0.65			0.61
Year-to-date net charge offs / average loans		0.38			0.57						0.58			0.63			0.61
Nonaccrual loans by type:
Commercial and industrial	$	33,242		$	39,182			(15.2	%)	$	41,694		$	46,111		$	50,641			(34.4	%)
Commercial real estate—owner occupied		23,199			24,254			(4.3	%)		27,161			33,417			31,888			(27.2	%)
Lease financing		2,165			3,031			(28.6	%)		5,927			8,260			9,040			(76.1	%)

Commercial and business lending		58,606			66,467			(11.8	%)		74,782			87,788			91,569			(36.0	%)
Commercial real estate—investor		56,776			58,687			(3.3	%)		71,522			88,806			89,030			(36.2	%)
Real estate construction		22,166			27,302			(18.8	%)		31,684			36,403			36,471			(39.2	%)

Commercial real estate lending		78,942			85,989			(8.2	%)		103,206			125,209			125,501			(37.1	%)

Total commercial		137,548			152,456			(9.8	%)		177,988			212,997			217,070			(36.6	%)
Home equity revolving lines of credit		15,914			20,446			(22.2	%)		19,242			22,651			25,631			(37.9	%)
Home equity loans 1st liens		8,626			8,717			(1.0	%)		9,425			7,870			8,286			4.1	%
Home equity loans junior liens		9,405			10,052			(6.4	%)		9,800			11,015			10,711			(12.2	%)

Home equity		33,945			39,215			(13.4	%)		38,467			41,536			44,628			(23.9	%)
Installment		1,762			1,838			(4.1	%)		2,893			3,047			2,627			(32.9	%)
Residential mortgage		52,181			59,359			(12.1	%)		58,824			60,292			62,760			(16.9	%)

Total consumer		87,888			100,412			(12.5	%)		100,184			104,875			110,015			(20.1	%)

Total nonaccrual loans	$	225,436		$	252,868			(10.8	%)	$	278,172		$	317,872		$	327,085			(31.1	%)

*	Annualized.

N/M = Not meaningful.

Page 9

Selected Asset Quality Information (continued)

Associated Banc-Corp


					Mar 13 vs Dec 12									Mar 13 vs Mar 12
(in thousands)	Mar 31, 2013		Dec 31, 2012		% Change			Sep 30, 2012		Jun 30, 2012		Mar 31, 2012		% Change
*Restructured loans (accruing)*
Commercial and industrial	$	29,251	$	28,140		3.9	%	$	35,015	$	28,399	$	25,622		14.2	%
Commercial real estate—owner occupied		12,888		13,852		(7.0	%)		15,706		7,115		6,926		86.1	%
Lease financing		—		—		0.0	%		—		—		—		0.0	%

Commercial and business lending		42,139		41,992		0.4	%		50,721		35,514		32,548		29.5	%
Commercial real estate—investor		41,253		41,660		(1.0	%)		49,249		49,325		45,845		(10.0	%)
Real estate construction		5,540		4,530		22.3	%		3,561		5,838		11,770		(52.9	%)

Commercial real estate lending		46,793		46,190		1.3	%		52,810		55,163		57,615		(18.8	%)

Total commercial		88,932		88,182		0.9	%		103,531		90,677		90,163		(1.4	%)
Home equity revolving lines of credit		880		867		1.5	%		803		759		782		12.5	%
Home equity loans 1st liens		1,783		1,930		(7.6	%)		1,904		2,182		2,187		(18.5	%)
Home equity loans junior liens		6,893		7,171		(3.9	%)		6,760		6,530		6,123		12.6	%

Home equity		9,556		9,968		(4.1	%)		9,467		9,471		9,092		5.1	%
Installment		664		653		1.7	%		672		779		999		(33.5	%)
Residential mortgage		20,941		22,284		(6.0	%)		22,121		21,302		20,465		2.3	%

Total consumer		31,161		32,905		(5.3	%)		32,260		31,552		30,556		2.0	%

Total restructured loans (accruing)	$	120,093	$	121,087		(0.8	%)	$	135,791	$	122,229	$	120,719		(0.5	%)

Restructured loans in nonaccrual loans (not included above)	$	67,811	$	80,590		(15.9	%)	$	74,251	$	86,395	$	79,946		(15.2	%)

					Mar 13 vs Dec 12									Mar 13 vs Mar 12
*Loans Past Due 30-89 Days*	Mar 31, 2013		Dec 31, 2012		% Change			Sep 30, 2012		Jun 30, 2012		Mar 31, 2012		% Change
Commercial and industrial	$	10,263	$	11,339		(9.5	%)	$	3,795	$	4,465	$	12,643		(18.8	%)
Commercial real estate—owner occupied		6,804		11,053		(38.4	%)		4,843		2,125		7,532		(9.7	%)
Lease financing		283		12		N/M			17		39		40		N/M

Commercial and business lending		17,350		22,404		(22.6	%)		8,655		6,629		20,215		(14.2	%)
Commercial real estate—investor		25,201		13,472		87.1	%		8,809		12,854		8,313		203.2	%
Real estate construction		2,287		3,155		(27.5	%)		1,254		1,618		1,736		31.7	%

Commercial real estate lending		27,488		16,627		65.3	%		10,063		14,472		10,049		173.5	%

Total commercial		44,838		39,031		14.9	%		18,718		21,101		30,264		48.2	%
Home equity revolving lines of credit		1,832		7,829		(76.6	%)		9,543		7,298		10,841		(83.1	%)
Home equity loans 1st liens		1,869		1,457		28.3	%		1,535		3,906		2,982		(37.3	%)
Home equity loans junior liens		2,848		4,252		(33.0	%)		3,745		4,098		4,184		(31.9	%)

Home equity		6,549		13,538		(51.6	%)		14,823		15,302		18,007		(63.6	%)
Installment		2,500		2,109		18.5	%		1,693		1,558		2,813		(11.1	%)
Residential mortgage		8,793		9,403		(6.5	%)		6,878		9,836		10,114		(13.1	%)

Total consumer		17,842		25,050		(28.8	%)		23,394		26,696		30,934		(42.3	%)

Total loans past due 30-89 days	$	62,680	$	64,081		(2.2	%)	$	42,112	$	47,797	$	61,198		2.4	%


					Mar 13 vs Dec 12									Mar 13 vs Mar 12
*Potential Problem Loans*	Mar 31, 2013		Dec 31, 2012		% Change			Sep 30, 2012		Jun 30, 2012		Mar 31, 2012		% Change
Commercial and industrial	$	127,367	$	128,434		(0.8	%)	$	120,888	$	121,764	$	157,778		(19.3	%)
Commercial real estate—owner occupied		93,098		99,592		(6.5	%)		120,034		108,508		112,673		(17.4	%)
Lease financing		251		264		(4.9	%)		214		324		487		(48.5	%)

Commercial and business lending		220,716		228,290		(3.3	%)		241,136		230,596		270,938		(18.5	%)
Commercial real estate—investor		101,775		107,068		(4.9	%)		133,046		142,453		167,339		(39.2	%)
Real estate construction		10,040		13,092		(23.3	%)		18,477		23,905		27,654		(63.7	%)

Commercial real estate lending		111,815		120,160		(6.9	%)		151,523		166,358		194,993		(42.7	%)

Total commercial		332,531		348,450		(4.6	%)		392,659		396,954		465,931		(28.6	%)
Home equity revolving lines of credit		450		520		(13.5	%)		518		919		608		(26.0	%)
Home equity loans 1st liens		—		—		0.0	%		—		—		—		0.0	%
Home equity loans junior liens		2,871		3,150		(8.9	%)		2,825		3,254		3,833		(25.1	%)

Home equity		3,321		3,670		(9.5	%)		3,343		4,173		4,441		(25.2	%)
Installment		99		111		(10.8	%)		131		127		142		(30.3	%)
Residential mortgage		7,882		8,762		(10.0	%)		8,197		8,658		9,580		(17.7	%)

Total consumer		11,302		12,543		(9.9	%)		11,671		12,958		14,163		(20.2	%)

Total potential problem loans	$	343,833	$	360,993		(4.8	%)	$	404,330	$	409,912	$	480,094		(28.4	%)

N/M = Not meaningful.

Page 10

Net Interest Income Analysis - Taxable Equivalent Basis

Associated Banc-Corp


	Three months ended March 31, 2013							Three months ended March 31, 2012
	Average		Interest		Average			Average		Interest		Average
(in thousands)	Balance		Income / Expense		Yield / Rate			Balance		Income / Expense		Yield / Rate
Earning assets:
Loans: (1) (2) (3)
Commercial and business lending	$	5,615,036	$	50,712		3.66	%	$	4,828,953	$	48,985		4.08	%
Commercial real estate lending		3,592,509		35,864		4.04			3,187,150		34,502		4.35

Total commercial		9,207,545		86,576		3.81		$	8,016,103	$	83,487		4.19
Residential mortgage		3,622,455		30,481		3.37			3,239,087		30,964		3.83
Retail		2,618,152		29,381		4.53			3,055,251		35,511		4.67

Total loans		15,448,152		146,438		3.83			14,310,441		149,962		4.21
Investment securities		4,891,714		32,757		2.68			4,611,600		34,667		3.01
Other short-term investments		341,053		1,247		1.47			449,688		1,247		1.11

Investments and other		5,232,767		34,004		2.60			5,061,288		35,914		2.84

Total earning assets		20,680,919		180,442		3.52			19,371,729		185,876		3.85
Other assets, net		2,357,789							2,287,410

Total assets	$	23,038,708						$	21,659,139

Interest-bearing liabilities:
Savings deposits	$	1,141,781	$	208		0.07	%	$	1,029,390	$	185		0.07	%
Interest-bearing demand deposits		2,779,929		1,179		0.17			2,114,454		944		0.18
Money market deposits		7,044,344		3,615		0.21			5,688,567		3,558		0.25
Time deposits		1,994,406		3,539		0.72			2,484,302		7,349		1.19

Total interest-bearing deposits		12,960,460		8,541		0.27			11,316,713		12,036		0.43
Federal funds purchased and securities sold under agreements to repurchase		779,550		410		0.21			1,342,720		767		0.23
Other short-term funding		1,018,553		332		0.13			1,084,066		1,056		0.39
Total long-term funding		960,820		8,416		3.51			1,176,914		12,046		4.10

Total short and long-term funding		2,758,923		9,158		1.33			3,603,700		13,869		1.54

Total interest-bearing liabilities		15,719,383		17,699		0.45			14,920,413		25,905		0.70
Noninterest-bearing demand deposits		4,185,924							3,683,854
Other liabilities		219,902							164,687
Stockholders’ equity		2,913,499							2,890,185

Total liabilities and stockholders’ equity	$	23,038,708						$	21,659,139

Net interest income and rate spread (1)			$	162,743		3.07	%			$	159,971		3.15	%

Net interest margin (1)						3.17	%						3.31	%
Taxable equivalent adjustment			$	5,090						$	5,303

Net Interest Income Analysis - Taxable Equivalent Basis

Associated Banc-Corp


	Three months ended March 31, 2013							Three months ended December 31, 2012
	Average		Interest		Average			Average		Interest		Average
(in thousands)	Balance		Income / Expense		Yield / Rate			Balance		Income / Expense		Yield / Rate
Earning assets:
Loans: (1) (2) (3)
Commercial and business lending	$	5,615,036	$	50,712		3.66	%	$	5,431,195	$	53,442		3.92	%
Commercial real estate lending		3,592,509		35,864		4.04			3,451,104		35,623		4.11

Total commercial		9,207,545		86,576		3.81		$	8,882,299	$	89,065		3.99
Residential mortgage		3,622,455		30,481		3.37			3,485,719		30,126		3.46
Retail		2,618,152		29,381		4.53			2,763,084		31,865		4.59

Total loans		15,448,152		146,438		3.83			15,131,102		151,056		3.98
Investment securities		4,891,714		32,757		2.68			4,545,178		31,759		2.79
Other short-term investments		341,053		1,247		1.47			356,152		2,876		3.22

Investments and other		5,232,767		34,004		2.60			4,901,330		34,635		2.83

Total earning assets		20,680,919		180,442		3.52			20,032,432		185,691		3.70
Other assets, net		2,357,789							2,429,454

Total assets	$	23,038,708						$	22,461,886

Interest-bearing liabilities:
Savings deposits	$	1,141,781	$	208		0.07	%	$	1,129,983	$	225		0.08	%
Interest-bearing demand deposits		2,779,929		1,179		0.17			2,236,826		954		0.17
Money market deposits		7,044,344		3,615		0.21			6,797,306		4,103		0.24
Time deposits		1,994,406		3,539		0.72			2,037,386		3,809		0.74

Total interest-bearing deposits		12,960,460		8,541		0.27			12,201,501		9,091		0.30
Federal funds purchased and securities sold under agreements to repurchase		779,550		410		0.21			984,869		558		0.23
Other short-term funding		1,018,553		332		0.13			550,137		226		0.16
Total long-term funding		960,820		8,416		3.51			1,103,655		9,140		3.31

Total short and long-term funding		2,758,923		9,158		1.33			2,638,661		9,924		1.50

Total interest-bearing liabilities		15,719,383		17,699		0.45			14,840,162		19,015		0.51
Noninterest-bearing demand deposits		4,185,924							4,448,767
Other liabilities		219,902							194,339
Stockholders’ equity		2,913,499							2,978,618

Total liabilities and stockholders’ equity	$	23,038,708						$	22,461,886

Net interest income and rate spread (1)			$	162,743		3.07	%			$	166,676		3.19	%

Net interest margin (1)						3.17	%						3.32	%
Taxable equivalent adjustment			$	5,090						$	5,221

(1)	The yield on tax exempt loans and securities is computed on a taxable equivalent basis using a tax rate of 35% for all periods presented and is net of the effects of certain disallowed interest deductions.

(2)	Nonaccrual loans and loans held for sale have been included in the average balances.

(3)	Interest income includes net loan fees.

Page 11

Financial Summary and Comparison

Associated Banc-Corp


					Mar 13 vs Dec 12									Mar 13 vs Mar 12
*Period End Loan Composition*	Mar 31, 2013		Dec 31, 2012		% Change			Sep 30, 2012		Jun 30, 2012		Mar 31, 2012		% Change
Commercial and industrial	$	4,651,143	$	4,502,021		3.3	%	$	4,265,356	$	4,076,370	$	3,719,016		25.1	%
Commercial real estate—owner occupied		1,199,513		1,219,747		(1.7	%)		1,197,517		1,116,815		1,074,755		11.6	%
Lease financing		57,908		64,196		(9.8	%)		60,818		62,750		61,208		(5.4	%)

Commercial and business lending		5,908,564		5,785,964		2.1	%		5,523,691		5,255,935		4,854,979		21.7	%
Commercial real estate—investor		2,900,167		2,906,759		(0.2	%)		2,787,158		2,810,521		2,664,251		8.9	%
Real estate construction		729,145		655,381		11.3	%		611,186		612,556		565,953		28.8	%

Commercial real estate lending		3,629,312		3,562,140		1.9	%		3,398,344		3,423,077		3,230,204		12.4	%

Total commercial		9,537,876		9,348,104		2.0	%		8,922,035		8,679,012		8,085,183		18.0	%
Home equity revolving lines of credit		904,187		936,065		(3.4	%)		988,800		1,009,634		1,031,974		(12.4	%)
Home equity loans 1st liens		940,017		1,013,757		(7.3	%)		1,079,075		1,116,093		1,146,651		(18.0	%)
Home equity loans junior liens		254,203		269,672		(5.7	%)		289,025		303,867		323,145		(21.3	%)

Total home equity		2,098,407		2,219,494		(5.5	%)		2,356,900		2,429,594		2,501,770		(16.1	%)
Installment		447,445		466,727		(4.1	%)		482,451		510,831		537,628		(16.8	%)
Residential mortgage		3,467,834		3,376,697		2.7	%		3,204,828		3,079,465		3,129,144		10.8	%

Total consumer		6,013,686		6,062,918		(0.8	%)		6,044,179		6,019,890		6,168,542		(2.5	%)

Total loans	$	15,551,562	$	15,411,022		0.9	%	$	14,966,214	$	14,698,902	$	14,253,725		9.1	%


Period End Deposit and Customer Funding Composition	Mar 31, 2013		Dec 31, 2012		Mar 13 vs Dec 12 % Change			Sep 30, 2012		Jun 30, 2012		Mar 31, 2012		Mar 13 vs Mar 12 % Change
Noninterest-bearing demand	$	4,453,109	$	4,759,556		(6.4	%)	$	4,320,437	$	3,874,429	$	3,989,156		11.6	%
Savings		1,197,134		1,109,861		7.9	%		1,115,783		1,117,593		1,098,975		8.9	%
Interest-bearing demand		2,966,934		2,554,479		16.1	%		2,230,740		2,078,037		2,040,900		45.4	%
Money market		6,836,678		6,518,075		4.9	%		6,682,640		5,822,449		6,176,981		10.7	%
Brokered CDs		49,919		26,270		90.0	%		33,612		41,104		46,493		7.4	%
Other time		1,917,520		1,971,624		(2.7	%)		2,067,380		2,173,259		2,300,871		(16.7	%)

Total deposits		17,421,294		16,939,865		2.8	%		16,450,592		15,106,871		15,653,376		11.3	%
Customer repo sweeps		617,038		564,038		9.4	%		600,225		592,203		635,697		(2.9	%)
Customer repo term		4,882		115,032		(95.8	%)		448,782		619,897		509,332		(99.0	%)

Total customer funding		621,920		679,070		(8.4	%)		1,049,007		1,212,100		1,145,029		(45.7	%)

Total deposits and customer funding	$	18,043,214	$	17,618,935		2.4	%	$	17,499,599	$	16,318,971	$	16,798,405		7.4	%

Network transaction deposits included above in interest-bearing demand and money market		2,054,714		1,684,745		22.0	%		1,740,434		1,234,010		1,171,679		75.4	%
Brokered CDs		49,919		26,270		90.0	%		33,612		41,104		46,493		7.4	%

Total network and brokered funding		2,104,633		1,711,015		23.0	%		1,774,046		1,275,114		1,218,172		72.8	%

Net customer deposits and funding (1)		15,938,581		15,907,920		0.2	%		15,725,553		15,043,857		15,580,233		2.3	%

(1)	Total deposits and customer funding excluding total network and brokered funding.


*Average Loan Composition*	Mar 31, 2013		Dec 31, 2012		Mar 13 vs Dec 12 % Change			Sep 30, 2012		Jun 30, 2012		Mar 31, 2012		Mar 13 vs Mar 12 % Change
Commercial and industrial	$	4,358,486	$	4,182,852		4.2	%	$	4,110,122	$	3,862,439	$	3,700,967		17.8	%
Commercial real estate—owner occupied		1,196,912		1,185,846		0.9	%		1,103,988		1,092,326		1,068,694		12.0	%
Lease financing		59,638		62,497		(4.6	%)		60,959		61,936		59,292		0.6	%

Commercial and business lending		5,615,036		5,431,195		3.4	%		5,275,069		5,016,701		4,828,953		16.3	%
Commercial real estate—investor		2,899,930		2,821,023		2.8	%		2,832,447		2,755,943		2,621,340		10.6	%
Real estate construction		692,579		630,081		9.9	%		607,773		564,243		565,810		22.4	%

Commercial real estate lending		3,592,509		3,451,104		4.1	%		3,440,220		3,320,186		3,187,150		12.7	%

Total commercial		9,207,545		8,882,299		3.7	%		8,715,289		8,336,887		8,016,103		14.9	%
Home equity revolving lines of credit		922,084		962,263		(4.2	%)		995,156		1,018,512		1,049,112		(12.1	%)
Home equity loans 1st liens		976,466		1,047,207		(6.8	%)		1,097,394		1,135,391		1,125,849		(13.3	%)
Home equity loans junior liens		262,193		280,051		(6.4	%)		296,021		313,661		332,287		(21.1	%)

Total home equity		2,160,743		2,289,521		(5.6	%)		2,388,571		2,467,564		2,507,248		(13.8	%)
Installment		457,409		473,563		(3.4	%)		492,721		524,278		548,003		(16.5	%)
Residential mortgage		3,622,455		3,485,719		3.9	%		3,320,212		3,273,873		3,239,087		11.8	%

Total consumer		6,240,607		6,248,803		(0.1	%)		6,201,504		6,265,715		6,294,338		(0.9	%)

Total loans	$	15,448,152	$	15,131,102		2.1	%	$	14,916,793	$	14,602,602	$	14,310,441		8.0	%


*Average Deposit Composition*	Mar 31, 2013		Dec 31, 2012		Mar 13 vs Dec 12 % Change			Sep 30, 2012		Jun 30, 2012		Mar 31, 2012		Mar 13 vs Mar 12 % Change
Noninterest-bearing demand	$	4,185,924	$	4,448,767		(5.9	%)	$	3,962,102	$	3,695,024	$	3,683,854		13.6	%
Savings		1,141,781		1,129,983		1.0	%		1,117,194		1,109,609		1,029,390		10.9	%
Interest-bearing demand		2,779,929		2,236,826		24.3	%		2,136,280		2,105,440		2,114,454		31.5	%
Money market		7,044,344		6,797,306		3.6	%		6,240,596		5,860,043		5,688,567		23.8	%
Time deposits		1,994,406		2,037,386		(2.1	%)		2,159,684		2,280,568		2,484,302		(19.7	%)

Total deposits	$	17,146,384	$	16,650,268		3.0	%	$	15,615,856	$	15,050,684	$	15,000,567		14.3	%

Page 12

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