Associated Banc-Corp (NYSE:ASB) Q2 2023 Earnings Conference Call July 20, 2023 5:00 PM ET

Company Participants

Andrew Harmening - President and CEO

Derek Meyer - CFO

Patrick Ahern - Chief Credit Officer

Conference Call Participants

Daniel Tamayo - Raymond James

Jared Shaw - Wells Fargo Securities

Scott Siefers - Piper Sandler

Terence McEvoy - Stephens

Jon Arfstrom - RBC Capital Markets

Brody Preston - UBS

Chris McGratty - KBW

Operator

Good afternoon, everyone, and welcome to Associated Banc-Corp's Second Quarter 2023 Earnings Conference Call. My name is Alicia, and I'll be your operator today. [Operator Instructions] Copies of the slides that will be referenced during today's call are available on the company's website at investor.associatedbank.com. As a reminder, this conference is being recorded.

As outlined on Slide 1, during the course of the discussion, management may make statements that constitute projections, expectations, beliefs or similar forward-looking statements. Associated's actual results may differ materially from the results anticipated or projected in such forward-looking statements. Additional detailed information concerning the important factors that could cause Associated's actual results to differ materially from the information discussed today is readily available on the SEC website in the Risk Factors section of Associated's most recent Form 10-K and subsequent SEC filings. These factors are incorporated herein by reference.

The reconciliation of the non-GAAP financial measures to the GAAP financial measures mentioned in this conference call, please refer to Pages 24 and 25 of the slide presentation to Page 10 of the press release financial tables. Following today's presentation, instructions will be given for the question-and-answer session.

At this time, I would like to turn the conference over to Andy Harmening, President and CEO, for opening remarks. Please go ahead, sir.

Andrew Harmening

Thank you, Alicia, and good afternoon, everyone. Welcome to our second quarter earnings call. I'm Andy Harmening. I am joined once again by Derek Meyer, our Chief Financial Officer; and Pat Ahern, our Chief Credit Officer.

I'll start by sharing some highlights for the quarter, and from there, Derek will provide update on margin, income trends, and capital. And then Pat will share an update on credit. So, midway through the year, we've started to see some renewed stability through the banking system, and that's especially true here in the Midwest. Unemployment rates in most of our states remain below the national average. The consumer remains healthy, and our business customers continue to seek ways to expand and optimize their operations where it makes sense.