Financial Data and Key Metrics Changes - The company reported GAAP earnings per diluted common share of $0.44, with adjusted earnings per share of $0.45 after excluding merger-related charges [13] - Tangible book value per share increased by 5% compared to the previous quarter and by 13% year-over-year [15] - The CET1 ratio improved to 11.62%, up 86 basis points from a year ago [16] Business Line Data and Key Metrics Changes - Total loans increased by 1.5% annualized from the last quarter, or 2.3% excluding approximately $70 million of commercial real estate (CRE) loan sales [17] - Net interest income decreased as expected, with net interest margin down modestly due to lower accretion and fewer days in the quarter [24] - Adjusted noninterest income was $94 million for the quarter, above guidance, with strong performance in primary fee businesses [25] Market Data and Key Metrics Changes - Total deposits were up 2.1% annualized, with core deposits (excluding brokered) up nearly 1.7% annualized [20] - Noninterest-bearing deposits remained stable at 23% of core deposits [20] - The loan-to-deposit ratio was consistent at 89% [21] Company Strategy and Development Direction - The company is preparing for the integration of its partnership with Bremer Bank, expecting to close on May 1, which will enhance its footprint and provide balance sheet flexibility [10][12] - The company aims to maintain strong credit quality and execute its deposit strategy effectively, anticipating continued success in deposit growth [36] - The guidance for 2025 includes the original M&A marks and $2.4 billion of loan sales, with expectations for net interest income to increase with the addition of Bremer [32][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the uncertain macroeconomic environment, supported by a robust balance sheet and diverse revenue streams [9] - The company noted that while there is uncertainty surrounding global trade and macroeconomic outlook, the Bremer partnership creates interesting alternatives for growth [37] - Management highlighted that businesses are currently in a "wait and see" mode but have not changed their plans, indicating a strong pipeline for future growth [66] Other Important Information - The company has received all necessary regulatory approvals for the Bremer Bank partnership [10] - The allowance for credit losses to total loans stands at 116 basis points, reflecting a proactive approach to credit monitoring [27] Q&A Session Summary Question: Impact of Bremer on NII outlook - Management indicated that the original M&A assumptions remain, but day 1 capital levels are likely to be higher, which may reduce the need for the full $2.4 billion loan sale [44] Question: Deposit beta and Bremer inclusion - The 40% deposit beta does not include Bremer, and management expects to match uprate beta on the downside by the end of Q2 [46][47] Question: Fee income run rate - Management suggested a good run rate for other fee income would be around $5 million to $8 million, excluding discrete items from previous quarters [49] Question: Customer sentiment and economic outlook - Management noted that businesses are generally doing well, with a strong pipeline, despite a pause in activity due to uncertainty [65] Question: Loan growth guidance - The pipeline is up 30% from a year ago, indicating strong loan growth potential, although some caution is warranted due to market competitiveness [72] Question: Capital management post-Bremer - Management is focused on optimizing capital and may consider buybacks in the future, but priority is on maintaining a larger balance sheet [76] Question: Loss provision guidance amidst economic uncertainty - Management feels confident about their loss provision guidance, which accounts for growth and current economic conditions [80] Question: Expansion plans in Nashville - The company remains committed to growing its presence in Nashville, viewing it as a long-term investment opportunity [83]

Old National Bancorp (ONB) reported $486.8 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 10.6%. EPS of $0.45 for the same period compares to $0.45 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $478.3 million, representing a surprise of +1.78%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Old National Bancorp (ONB) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this holding company for Old National Bank would post earnings of $0.46 per share when it actually produced earnings of $0.49, delivering a surprise of 6.52%.Over the ...

Exhibit 99.1 Old National Bancorp Reports First Quarter 2025 Results Evansville, Ind. (April 22, 2025) "Old National reported better-than-expected first-quarter results driven by our peer-leading deposit franchise, solid loan growth and disciplined expense management," said Chairman and CEO Jim Ryan. "These results demonstrate our ability to navigate a challenging and uncertain economic environment, setting us up favorably as we move into the second quarter and, importantly, as we prepare for our partnershi ...

The upcoming report from Old National Bancorp (ONB) is expected to reveal quarterly earnings of $0.42 per share, indicating a decline of 6.7% compared to the year-ago period. Analysts forecast revenues of $478.3 million, representing an increase of 8.7% year over year.The current level reflects an upward revision of 4.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this ...

Old National Bancorp (ONB) shares ended the last trading session 9.8% higher at $19.70. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.8% loss over the past four weeks.Old National Bancorp stock surged, driven by a massive jump in the broad markets. The jump was fueled by President Donald Trump’s announcement of a 90-day tariff pause for the non-retaliating nations. This cheered the investors, driving the ONB s ...

Old National Investments becomes Old National Wealth AdvisorsEVANSVILLE, Ind., April 07, 2025 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) has announced its wealth advisory division, Old National Investments, will now be known as Old National Wealth Advisors (“ONWA”) to better reflect the breadth of services its financial professionals provide. ONWA boasts around 125 team members, including more than 70 wealth advisors that are primarily located in Old National’s banking center footprint throug ...

Group 1 - Old National Bancorp is scheduled to release its first-quarter 2025 earnings on April 22, 2025, at approximately 7:00 A.M. ET, followed by a conference call at 10:00 A.M. ET [1] - The company provides dial-in numbers for both U.S. and international participants, along with an access code for the conference call [1] - A webcast of the conference call will be available on Old National's Investor Relations website, with a replay accessible for one year after the call [1] Group 2 - Old National Bancorp is the holding company of Old National Bank, ranking as the sixth largest commercial bank in the Midwest with approximately $54 billion in assets and $30 billion in assets under management [2] - The company focuses on building long-term partnerships with clients and has been recognized as one of "The Civic 50," highlighting its commitment to community service [2]

Core Viewpoint - Old National Bancorp (ONB) has received a Zacks Rank 2 (Buy) upgrade due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, particularly influenced by institutional investors who adjust their valuations based on these estimates [4][6]. - Rising earnings estimates for Old National Bancorp indicate an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [5][10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Old National Bancorp is projected to earn $2.08 per share, reflecting an 11.8% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Old National Bancorp has risen by 2.2%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, highlighting their potential for market-beating returns [9][10]. - Old National Bancorp's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for the stock in the near term [10].

Company Overview - Old National Bancorp is the holding company of Old National Bank, the sixth largest commercial bank headquartered in the Midwest [3] - The company serves clients primarily in the Midwest and Southeast, with approximately $54 billion in assets and $30 billion in assets under management [3] - Old National ranks among the top 30 banking companies in the United States and has a history dating back to 1834 [3] - The company focuses on building long-term partnerships with clients and supporting the communities it serves [3] - Old National offers extensive services in consumer and commercial banking, as well as comprehensive wealth management and capital markets services [3] - In 2024, Old National was recognized as one of "The Civic 50," an honor for the 50 most community-minded companies in the U.S. [3] Upcoming Events - Jim Ryan, Chairman and CEO of Old National Bancorp, is scheduled to present at the Raymond James & Associates 46th Annual Institutional Investors Conference on March 3, 2025, at 1:40 p.m. Eastern Time [1] - Mr. Ryan will also present at the 2025 RBC Capital Markets Global Financial Institutions Conference on March 4, 2025, at 10:40 a.m. Eastern Time [1] - Interested investors can access live audio webcasts of these events in the Investor Relations section at oldnational.com, with replays available afterward [2]