ASSOCIATED BANC-CORP

Deposits

Second quarter 2025 average deposits of $34.2 billion decreased 2%, or $630 million, from the prior quarter and increased 5%, or $1.6 billion, from the same period last year. With respect to second quarter 2025 average balances by deposit category:

•Noninterest-bearing demand deposits increased $9 million from the prior quarter and decreased $63 million from the same period last year to $5.6 billion.

•Savings increased $60 million from the prior quarter and increased $89 million from the same period last year to $5.2 billion.

•Interest-bearing demand deposits decreased $348 million from the prior quarter and increased $418 million from the same period last year to $7.7 billion.

•Money market deposits decreased $91 million from the prior quarter and decreased $6 million from the same period last year to $6.0 billion.

•Brokered CDs decreased $225 million from the prior quarter and increased $162 million from the same period last year to $4.1 billion.

•Other time deposits decreased $31 million from the prior quarter and increased $725 million from the same period last year to $3.7 billion.

•Network transaction deposits decreased $4 million from the prior quarter and increased $249 million from the same period last year to $1.8 billion.

Second quarter 2025 period end deposits of $34.1 billion decreased 3%, or $1.0 billion, from the prior quarter and increased 4%, or $1.5 billion, from the same period last year. With respect to second quarter 2025 period end balances by deposit category:

•Noninterest-bearing demand deposits decreased $353 million from the prior quarter and decreased $33 million from the same period last year to $5.8 billion.

•Savings increased $44 million from the prior quarter and increased $135 million from the same period last year to $5.3 billion.

•Interest-bearing demand deposits decreased $380 million from the prior quarter and increased $297 million from the same period last year to $7.5 billion.

•Money market deposits decreased $225 million from the prior quarter and increased $33 million from the same period last year to $5.9 billion.

•Brokered CDs decreased $125 million from the prior quarter and increased $10 million from the same period last year to $4.1 billion.

•Other time deposits increased $82 million from the prior quarter and increased $724 million from the same period last year to $3.8 billion.

•Network transaction deposits decreased $91 million from the prior quarter and increased $289 million from the same period last year to $1.8 billion.

•Core customer deposits 1 decreased $833 million from the prior quarter and increased $1.2 billion from the same period last year to $28.3 billion.

We now expect 2025 period end total deposit growth of 1% to 3% and continue to expect period end core customer deposit growth of 4% to 5% as compared to the year ended December 31, 2024.