Financial Data and Key Metrics Changes - In Q4 2022, net interest income increased by 9% quarter-over-quarter and 55% year-over-year, reflecting strong loan and deposit growth [9][10] - The return on common equity exceeded 16% for the quarter, driven by positive operating leverage and disciplined expense management [9][10] - For the full year 2022, net income available to common equity increased by 6% year-over-year despite a $121 million provision-driven headwind [10] Business Line Data and Key Metrics Changes - The construction loan portfolio led growth, primarily due to funding of prior commitments, while new production slowed [11][12] - Commercial loan growth was robust, with a 57% year-over-year increase in new customer relationships, contributing to the achievement of growth targets [13] - Consumer auto finance continued to produce high-quality loans, although production rates were intentionally slowed to reflect market conditions [14] Market Data and Key Metrics Changes - Average deposits grew by 2% quarter-over-quarter and 3% year-over-year, driven by core customer deposits despite inflationary pressures [15][16] - The competitive environment for deposits is expected to intensify in 2023, prompting strategic initiatives to cultivate customer relationships [17][19] Company Strategy and Development Direction - The company is focused on balanced loan growth across consumer and commercial segments, with an expectation of 7% to 9% total loan growth in 2023 [33] - Strategic investments in technology and talent are ongoing, with a commitment to maintaining expense growth below revenue growth [20][33] - The company aims to enhance its digital platform and customer acquisition strategies to drive deposit growth [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of midwest markets, with stable unemployment rates and increased consumer spending [7][8] - The macroeconomic outlook remains uncertain, but the company is positioned to benefit from rising interest rates while managing interest rate risk [23][24] - Expectations for net interest income growth in 2023 are between 15% and 17%, reflecting anticipated rate increases and balance sheet dynamics [24][33] Other Important Information - The company achieved a 41% increase in PTPP income for the full year 2022, underscoring strong revenue generation and expense management [20] - Non-interest income is expected to face pressure in 2023, with a projected decline of 6% to 8% due to market headwinds [26] Q&A Session Summary Question: What does the visibility look like into the pipeline heading into '23? - Management noted that growth in construction loans was due to funding prior commitments, with expectations for moderation in this category as new production is limited [35] Question: Where could margin sort of peak out? - Management refrained from predicting the peak margin but emphasized a focus on fundamentals driving durable margin [38] Question: Should we expect more activity in capital management? - Management indicated no changes to capital return strategies, focusing on dividends and organic growth [42] Question: How would NII trajectory look throughout the year? - Management suggested that while NII may see some quarterly compression, full-year guidance remains robust based on deposit growth initiatives [45] Question: What is the message of the new brand campaign? - The campaign will focus on aligning the company's messaging with customer needs, emphasizing digital relevance and product execution [76]

Fourth Quarter 2022 Earnings Presentation JANUARY 26, 2023 Forward-Looking Statements 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 ...

Associated Banc-Corp (NYSE:ASB) Q3 2022 Earnings Conference Call October 20, 2022 5:00 PM ET Company Participants Andrew Harmening - CEO Derek Meyer - CFO Pat Ahern - Chief Credit Officer Conference Call Participants Timur Braziler - Wells Fargo Scott Siefers - Piper Sandler Chris McGratty - KBW Terry McEvoy - Stephens Daniel Tamayo - Raymond James Operator Good afternoon, everyone, and welcome to Associated Banc-Corp's Third Quarter 2022 Earnings Conference Call. My name is Kevin, and I will be your operat ...

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