ASSOCIATED BANC-CORP INVESTOR PRESENTATION THIRD QUARTER 2015

Transaction EBITDA represents an estimate of Henry’s annual net income adjusted to exclude interest expense (net of interest income), income taxes, depreciation and amortization,

Your investment interest expense deduction is limited to your net invest- ment income, which, for the purposes of this deduction, generally includes taxable interest,

Third quarter earnings before interest expense, other income (expense), net, income tax expense, equity income (loss), net of tax, income (loss) from discontinued operations, net

The increase in net interest income (tax equivalent) in the 4 th quarter of 2015 compared to the previous quarter was due mainly to an increase in interest on loans of $2.1

− Period-end loans, net interest income, fee income, and noninterest expense excluding integration expense outlooks represent estimated percentage change for third quarter 2021

Management calculates Adjusted EBITDA as the reported net loss, adjusted to exclude: income tax expense; other (income) expense; interest expense; depreciation and

Changes in yields earned on interest-earning assets decreased taxable equivalent net interest income by $22.9 million during the nine months ended September 30, 2015, compared with

Rite Aid defines Adjusted EBITDA as net income (loss) excluding the impact of income taxes, interest expense, depreciation and amortization, LIFO adjustments, charges or credits