CRE Non-Owner Occupied Details • Manageable volume of loans subject to refinance risk • Predominantly multifamily; continues to experience stronger demand and rents • ~1% of total loans that are CRE non-owner occupied mature within 18 months at <4% rate • Loans underwritten at +300 bps over current market rates ONB Peer Average $0-$250k >$250k $16k $960k $26k 1 (excludes acquisition of CapStar Financial Holdings, Inc.) Contractual Accretion 1 Projected Remaining Loan Discount $ in millions 1 Projections are ...

Exhibit 99.1 Old National Bancorp Reports First Quarter 2024 Results Evansville, Ind. (April 23, 2024) Old National Bancorp (NASDAQ: ONB) reports 1Q24 net income applicable to common shares of $116.3 million, diluted EPS of $0.40; $130.8 million and $0.45 on an adjusted basis, respectively. 1 CEO COMMENTARY: "Old National's positive quarterly results were highlighted by continued growth in our granular, peer-leading deposit franchise, disciplined loan growth, a year-over-year tangible book value increase, a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-15817 Old National Bancorp (Exact name of the Registrant as specified in its charter) (State or other jurisdiction of ...

[Glossary of Abbreviations and Acronyms](index=4&type=section&id=GLOSSARY%20OF%20ABBREVIATIONS%20AND%20ACRONYMS) The report defines key abbreviations and acronyms for clarity and consistency - Key abbreviations and acronyms used in the report include **AOCI** (accumulated other comprehensive income (loss)), **CECL** (current expected credit loss), **FHLB** (Federal Home Loan Bank), **GAAP** (U.S. generally accepted accounting principles), **LIBOR** (London Interbank Offered Rate), and **SEC** (U.S. Securities and Exchange Commission)[11](index=11&type=chunk) [Part I. Financial Information](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This part presents the company's unaudited financial statements and management's analysis [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements and accompanying notes [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets%20(unaudited)) The balance sheet shows a 4.9% increase in total assets to $49.1 billion Consolidated Balance Sheet Highlights | Metric | Sep 30, 2023 (in thousands) | Dec 31, 2022 (in thousands) | Change (in thousands) | % Change | | :--- | :--- | :--- | :--- | :--- | | Total assets | $49,059,448 | $46,763,372 | $2,296,076 | 4.9% | | Total loans (gross) | $32,577,834 | $31,123,641 | $1,454,193 | 4.7% | | Total deposits | $37,252,676 | $35,000,830 | $2,251,846 | 6.4% | | Total liabilities | $43,819,911 | $41,634,777 | $2,185,134 | 5.3% | | Total shareholders' equity | $5,239,537 | $5,128,595 | $110,942 | 2.2% | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income%20(unaudited)) The income statement reveals a 97.5% year-over-year increase in nine-month net income Consolidated Statements of Income Highlights | Metric | 3 Months Ended Sep 30, 2023 (in thousands) | 3 Months Ended Sep 30, 2022 (in thousands) | % Change (YoY) | 9 Months Ended Sep 30, 2023 (in thousands) | 9 Months Ended Sep 30, 2022 (in thousands) | % Change (YoY) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total interest income | $576,519 | $406,518 | 41.8% | $1,617,070 | $996,381 | 62.3% | | Total interest expense | $201,433 | $29,929 | 573.1% | $478,325 | $59,535 | 703.4% | | Net interest income | $375,086 | $376,589 | (0.4)% | $1,138,745 | $936,846 | 21.6% | | Provision for credit losses | $19,068 | $15,490 | 23.1% | $47,292 | $133,391 | (64.5)% | | Total noninterest income | $80,938 | $80,385 | 0.7% | $233,248 | $234,742 | (0.6)% | | Total noninterest expense | $244,776 | $262,444 | (6.7)% | $742,071 | $755,508 | (1.8)% | | Net income | $147,876 | $140,153 | 5.5% | $449,512 | $227,552 | 97.5% | | Net income applicable to common shareholders | $143,842 | $136,119 | 5.7% | $437,411 | $217,468 | 101.1% | | Diluted EPS | $0.49 | $0.47 | 4.3% | $1.50 | $0.80 | 87.5% | [Consolidated Statements of Comprehensive Income (Loss)](index=7&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)%20(unaudited)) Comprehensive income for the nine months ended Sep 30, 2023 was $267.1 million Consolidated Statements of Comprehensive Income (Loss) Highlights | Metric | 3 Months Ended Sep 30, 2023 (in thousands) | 3 Months Ended Sep 30, 2022 (in thousands) | 9 Months Ended Sep 30, 2023 (in thousands) | 9 Months Ended Sep 30, 2022 (in thousands) | | :--- | :--- | :--- | :--- | :--- | | Net income | $147,876 | $140,153 | $449,512 | $227,552 | | Other comprehensive income (loss), net of tax | $(160,182) | $(239,317) | $(182,393) | $(806,075) | | Comprehensive income (loss) | $(12,306) | $(99,164) | $267,119 | $(578,523) | [Consolidated Statements of Changes in Shareholders' Equity](index=8&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity%20(unaudited)) Shareholders' equity increased by $110.9 million since year-end 2022 Changes in Shareholders' Equity (9 Months Ended Sep 30, 2023 vs. Dec 31, 2022) | Component | Balance Dec 31, 2022 (in thousands) | Net Income (in thousands) | Other Comprehensive Income (Loss) (in thousands) | Cash Dividends (in thousands) | Stock Activity (in thousands) | Balance Sep 30, 2023 (in thousands) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Preferred Stock | $230,500 | — | — | — | — | $230,500 | | Common Stock | $292,903 | — | — | — | $(1,900) | $292,586 | | Capital Surplus | $4,174,265 | — | — | — | $(20,288) | $4,153,977 | | Retained Earnings | $1,217,349 | $449,512 | — | $(135,054) | $(162) | $1,531,289 | | Accumulated Other Comprehensive Income (Loss) | $(786,422) | — | $(182,393) | — | — | $(968,815) | | **Total Shareholders' Equity** | **$5,128,595** | **$449,512** | **$(182,393)** | **$(135,054)** | **$(22,350)** | **$5,239,537** | [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows%20(unaudited)) Cash flows show a net increase in cash of $935.0 million for the nine months ended Sep 30, 2023 Consolidated Statements of Cash Flows Highlights (9 Months Ended Sep 30) | Cash Flow Activity | 2023 (in thousands) | 2022 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Net cash flows provided by (used in) operating activities | $443,515 | $687,311 | (35.5)% | | Net cash flows provided by (used in) investing activities | $(1,561,607) | $(878,523) | 77.8% | | Net cash flows provided by (used in) financing activities | $2,053,110 | $170,804 | 1102.0% | | Net increase (decrease) in cash and cash equivalents | $935,018 | $(20,408) | N/M | | Cash and cash equivalents at end of period | $1,663,430 | $801,611 | 107.5% | [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements%20(unaudited)) These notes provide detailed disclosures supporting the consolidated financial statements [Note 1. Basis of Presentation](index=11&type=section&id=Note%201.%20Basis%20of%20Presentation) This note clarifies that the unaudited consolidated financial statements are prepared in accordance with GAAP, involve management estimates, and include all necessary adjustments for fair presentation - The financial statements are unaudited and prepared in conformity with GAAP, requiring management estimates and assumptions[22](index=22&type=chunk) - Adoption of ASU 2022-02 on January 1, 2023, eliminated the recognition and measurement of **Troubled Debt Restructurings (TDRs)** and enhanced disclosures for financial difficulty modifications[24](index=24&type=chunk) [Note 2. Recent Accounting Pronouncements](index=12&type=section&id=Note%202.%20Recent%20Accounting%20Pronouncements) This note outlines accounting guidance recently adopted in 2023 and pending guidance - Adopted ASU 2021-08 (Business Combinations), ASU 2022-01 (Derivatives and Hedging), and ASU 2022-02 (Financial Instruments—Credit Losses) on January 1, 2023, with **no material impact** on financial statements, except for ASU 2022-02 which eliminated TDR recognition[26](index=26&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) - Pending adoption of ASU 2022-03 (Fair Value Measurement), ASU 2023-01 (Leases—Common Control Arrangements), and ASU 2023-02 (Investments—Equity Method and Joint Ventures), with impact currently being evaluated[33](index=33&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk) [Note 3. Acquisition and Divestiture Activity](index=13&type=section&id=Note%203.%20Acquisition%20and%20Divestiture%20Activity) This note details the completed merger with First Midwest Bancorp, Inc, a divestiture, and a pending acquisition - Completed merger with First Midwest Bancorp, Inc on February 15, 2022, to expand Midwestern presence and commercial banking capabilities; transaction costs for the nine months ended September 30, 2023, totaled **$23.2 million**, down from $100.6 million in the prior year[36](index=36&type=chunk)[37](index=37&type=chunk) - Divested health savings accounts business to UMB on November 18, 2022, resulting in a **$90.7 million pre-tax gain**[38](index=38&type=chunk) - Announced pending all-stock acquisition of CapStar Financial Holdings, Inc on October 26, 2023, valued at approximately **$344.4 million**, expected to close in Q2 2024; CapStar had **$3.3 billion total assets** as of September 30, 2023[39](index=39&type=chunk) [Note 4. Net Income Per Common Share](index=14&type=section&id=Note%204.%20Net%20Income%20Per%20Common%20Share) This note presents the calculation of basic and diluted net income per common share Net Income Per Common Share | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Net income applicable to common shares (in thousands) | $143,842 | $136,119 | $437,411 | $217,468 | | Weighted average common shares outstanding - basic (in thousands) | 290,648 | 290,961 | 290,763 | 269,843 | | Weighted average common shares outstanding - diluted (in thousands) | 291,717 | 292,483 | 291,809 | 271,123 | | Basic Net Income Per Common Share | $0.49 | $0.47 | $1.50 | $0.81 | | Diluted Net Income Per Common Share | $0.49 | $0.47 | $1.50 | $0.80 | [Note 5. Investment Securities](index=15&type=section&id=Note%205.%20Investment%20Securities) This note provides a comprehensive overview of the company's investment securities portfolio Investment Securities Portfolio Summary (in thousands) | Category | Sep 30, 2023 Amortized Cost | Sep 30, 2023 Fair Value | Dec 31, 2022 Amortized Cost | Dec 31, 2022 Fair Value | | :--- | :--- | :--- | :--- | :--- | | **Available-for-Sale** | | | | | | Total AFS securities | $7,719,944 | $6,414,761 | $7,772,603 | $6,773,712 | | Gross unrealized gains | $234 | $234 | $3,028 | $3,028 | | Gross unrealized losses | $(1,143,301) | $(1,143,301) | $(847,474) | $(847,474) | | **Held-to-Maturity** | | | | | | Total HTM securities | $3,027,914 | $2,393,621 | $3,089,147 | $2,643,682 | | Gross unrecognized losses | $(634,293) | $(634,293) | $(445,686) | $(445,686) | - At September 30, 2023, the investment securities available-for-sale portfolio had net unrealized losses of **$1.1 billion**, and the held-to-maturity portfolio had net unrealized losses of **$634.3 million**, both increasing from December 31, 2022, primarily due to higher market interest rates[44](index=44&type=chunk)[243](index=243&type=chunk) - The company had **no intent to sell** any securities in an unrealized loss position at September 30, 2023, nor was it expected to be required to sell them prior to anticipated recovery[52](index=52&type=chunk) - Equity securities with readily determinable fair values totaled **$69.9 million** at September 30, 2023, up from $52.5 million at December 31, 2022; alternative investments without readily determinable fair values totaled **$418.3 million**[54](index=54&type=chunk)[56](index=56&type=chunk) [Note 6. Loans and Allowance for Credit Losses](index=19&type=section&id=Note%206.%20Loans%20and%20Allowance%20for%20Credit%20Losses) This note details the composition of the loan portfolio and analysis of the allowance for credit losses Loan Portfolio Composition by Segment (in thousands) | Portfolio Segment | Sep 30, 2023 | Dec 31, 2022 | % Change | | :--- | :--- | :--- | :--- | | Commercial | $9,107,095 | $9,298,624 | (2.1)% | | Commercial real estate | $13,750,628 | $12,298,748 | 11.8% | | BBCC | $391,946 | $368,602 | 6.3% | | Residential real estate | $6,696,288 | $6,460,441 | 3.7% | | Indirect | $1,047,224 | $1,034,257 | 1.3% | | Direct | $542,689 | $629,186 | (13.8)% | | Home equity | $1,041,964 | $1,033,783 | 0.8% | | **Total loans** | **$32,577,834** | **$31,123,641** | **4.7%** | Allowance for Credit Losses on Loans Activity (in thousands) | Activity | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Balance at beginning of period | $300,555 | $288,003 | $303,671 | $107,341 | | Provision for loan losses | $23,115 | $11,288 | $46,520 | $117,951 | | Charge-offs | $(22,750) | $(11,440) | $(55,261) | $(20,200) | | Recoveries | $3,062 | $3,845 | $9,052 | $8,073 | | **Balance at end of period** | **$303,982** | **$302,254** | **$303,982** | **$302,254** | - Total nonaccrual loans increased to **$261.3 million** at September 30, 2023, from $238.2 million at December 31, 2022, primarily due to PCD loan migration in the commercial real estate portfolio[267](index=267&type=chunk)[269](index=269&type=chunk) - Financial difficulty modifications totaled **$97.3 million** for the three months ended September 30, 2023, and **$137.4 million** for the nine months ended September 30, 2023, primarily for commercial and commercial real estate loans through term extensions[89](index=89&type=chunk) [Note 7. Leases](index=29&type=section&id=Note%207.%20Leases) This note outlines the company's operating and finance lease arrangements Lease Expense Components (in thousands) | Lease Expense Component | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Operating lease cost | $7,462 | $7,657 | $23,569 | $21,323 | | Finance lease cost (amortization) | $742 | $680 | $2,170 | $2,003 | | Finance lease cost (interest) | $183 | $105 | $536 | $315 | | Sub-lease income | $(119) | $(87) | $(281) | $(389) | | **Total Lease Expense** | **$8,268** | **$8,355** | **$25,994** | **$23,252** | Lease Balance Sheet Information (in thousands) | Metric | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Operating lease right-of-use assets | $179,284 | $189,714 | | Operating lease liabilities | $199,937 | $211,964 | | Finance lease assets (Premises and equipment, net) | $20,571 | $10,799 | | Finance lease liabilities (Other borrowings) | $21,595 | $13,469 | - The weighted-average remaining lease term for operating leases was **8.5 years** and for finance leases was **10.6 years**[92](index=92&type=chunk) [Note 8. Goodwill and Other Intangible Assets](index=30&type=section&id=Note%208.%20Goodwill%20and%20Other%20Intangible%20Assets) This note details the carrying amounts and changes in goodwill and other intangible assets Goodwill and Other Intangible Assets (in thousands) | Metric | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Goodwill | $1,998,716 | $1,998,716 | | Other intangible assets (net) | $108,119 | $126,405 | | **Total Goodwill and Other Intangible Assets** | **$2,106,835** | **$2,125,121** | - Goodwill remained stable at **$1,998.7 million**, with no impairment recorded as of August 31, 2023; other intangible assets decreased to **$108.1 million** from $126.4 million due to amortization[94](index=94&type=chunk)[95](index=95&type=chunk) - Amortization expense for intangibles was **$6.0 million** for Q3 2023 and **$18.3 million** for YTD 2023[97](index=97&type=chunk) [Note 9. Qualified Affordable Housing Projects and Other Tax Credit Investments](index=31&type=section&id=Note%209.%20Qualified%20Affordable%20Housing%20Projects%20and%20Other%20Tax%20Credit%20Investments) This note summarizes investments in tax-advantaged limited partnerships Tax Credit Investments (in thousands) | Investment Type | Sep 30, 2023 Investment | Sep 30, 2023 Unfunded Commitment | Dec 31, 2022 Investment | Dec 31, 2022 Unfunded Commitment | | :--- | :--- | :--- | :--- | :--- | | LIHTC | $93,214 | $54,440 | $84,428 | $55,754 | | FHTC | $36,715 | $27,214 | $19,316 | $9,588 | | NMTC | $45,637 | — | $51,912 | — | | Renewable Energy | $385 | — | $1,099 | — | | **Total** | **$175,951** | **$81,654** | **$156,755** | **$65,342** | Amortization Expense and Tax Benefit from Tax Credit Investments (in thousands) | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Total Amortization Expense | $5,852 | $3,902 | $14,302 | $9,437 | | Total Tax Benefit Recognized | $(6,592) | $(4,700) | $(16,654) | $(11,264) | [Note 10. Securities Sold Under Agreements to Repurchase](index=33&type=section&id=Note%2010.%20Securities%20Sold%20Under%20Agreements%20to%20Repurchase) This note details the company's secured borrowings through repurchase agreements Securities Sold Under Agreements to Repurchase (in thousands) | Metric | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Outstanding at period end | $279,061 | $432,804 | | Weighted-average interest rate at period end | 1.35% | 1.31% | - The company pledges securities valued at **107%** of the gross outstanding balance of repurchase agreements to manage risk[104](index=104&type=chunk) [Note 11. Federal Home Loan Bank Advances](index=33&type=section&id=Note%2011.%20Federal%20Home%20Loan%20Bank%20Advances) This note summarizes Federal Home Loan Bank (FHLB) advances FHLB Advances (in thousands) | Metric | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Total FHLB advances | $4,412,576 | $3,829,018 | | Weighted-average interest rate | 3.36% | 3.15% | - Certain FHLB advances are collateralized with loans and investment securities up to **190%**[105](index=105&type=chunk) Contractual Maturities of FHLB Advances at Sep 30, 2023 (in thousands) | Maturity | Amount | | :--- | :--- | | Due in 2023 | $100,000 | | Due in 2024 | $25,243 | | Due in 2025 | $550,285 | | Due in 2026 | $100,000 | | Thereafter | $3,675,000 | [Note 12. Other Borrowings](index=34&type=section&id=Note%2012.%20Other%20Borrowings) This note provides a breakdown of other borrowings, including senior notes and debentures Other Borrowings (in thousands) | Borrowing Type | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Senior unsecured notes | $175,000 | $175,000 | | Subordinated debentures | $162,000 | $162,000 | | Junior subordinated debentures | $136,643 | $136,643 | | Finance lease liabilities | $21,595 | $13,469 | | Leveraged loans for NMTC | $143,745 | $143,187 | | Other | $205,106 | $89,588 | | **Total Other Borrowings** | **$863,455** | **$743,003** | - Junior subordinated debentures, totaling **$136.6 million**, qualify as Tier 2 capital and have variable rates tied to 3-month SOFR plus a spread, maturing between 2031 and 2037[110](index=110&type=chunk)[113](index=113&type=chunk) [Note 13. Accumulated Other Comprehensive Income (Loss)](index=36&type=section&id=Note%2013.%20Accumulated%20Other%20Comprehensive%20Income%20(Loss)) This note summarizes the changes within each classification of Accumulated Other Comprehensive Income (Loss) Changes in AOCI (Net of Tax, in thousands) | Component | Balance Dec 31, 2022 | Other Comprehensive Income (Loss) before Reclassifications (9M 2023) | Reclassified from AOCI to Income (9M 2023) | Balance Sep 30, 2023 | | :--- | :--- | :--- | :--- | :--- | | Unrealized Gains/Losses on AFS Debt Securities | $(642,346) | $(219,562) | $4,033 | $(857,875) | | Unrealized Gains/Losses on HTM Securities | $(112,664) | $1,325 | $12,388 | $(98,951) | | Gains/Losses on Hedges | $(31,549) | $34,279 | $(14,719) | $(11,989) | | Defined Benefit Pension Plans | $137 | — | $(137) | $0 | | **Total AOCI** | **$(786,422)** | **$(183,958)** | **$1,565** | **$(968,815)** | - During the next 12 months, an estimated **$5.8 million** will be reclassified to interest income and **$26.3 million** to interest expense from AOCI related to cash flow hedges[139](index=139&type=chunk) [Note 14. Income Taxes](index=38&type=section&id=Note%2014.%20Income%20Taxes) This note provides a summary of income tax expense and deferred tax assets Income Tax Expense and Effective Tax Rate | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Income tax expense (in thousands) | $44,304 | $38,887 | $133,118 | $55,137 | | Effective tax rate | 23.1% | 21.7% | 22.9% | 19.5% | - The **higher effective tax rate in 2023** compared to 2022 reflects increased pre-tax book income, smaller increases in tax-exempt income and tax credits, and higher non-deductible officer compensation and FDIC premiums[122](index=122&type=chunk) - Net deferred tax assets totaled **$480.7 million** at September 30, 2023, up from $435.8 million at December 31, 2022, with no valuation allowance required[123](index=123&type=chunk) - Federal net operating loss carryforwards were **$68.4 million** and state NOL carryforwards were **$115.6 million**[125](index=125&type=chunk) [Note 15. Derivative Financial Instruments](index=39&type=section&id=Note%2015.%20Derivative%20Financial%20Instruments) This note describes the use of derivative instruments for interest rate risk management - Derivatives are used for interest rate risk management, including interest rate swaps, collars, caps, and floors, recognized at fair value on the balance sheet[127](index=127&type=chunk) Derivatives Designated as Hedges (Notional Amounts in thousands) | Hedge Type | Sep 30, 2023 Notional | Dec 31, 2022 Notional | | :--- | :--- | :--- | | Cash flow hedges (loan pools) | $1,500,000 | $1,900,000 | | Cash flow hedges (borrowings) | $150,000 | $150,000 | | Fair value hedges (investment securities) | $998,107 | $909,957 | | Fair value hedges (borrowings) | $700,000 | $300,000 | Derivatives Not Designated as Hedges (Notional Amounts in thousands) | Derivative Type | Sep 30, 2023 Notional | Dec 31, 2022 Notional | | :--- | :--- | :--- | | Customer interest rate swaps | $5,775,638 | $5,220,363 | | Counterparty interest rate swaps | $5,775,634 | $5,220,363 | | Interest rate lock commitments | $42,492 | $21,401 | | Forward mortgage loan contracts | $54,730 | $30,330 | [Note 16. Commitments, Contingencies, and Financial Guarantees](index=42&type=section&id=Note%2016.%20Commitments,%20Contingencies,%20and%20Financial%20Guarantees) This note addresses legal proceedings, credit-related financial instruments, and other commitments - Management does not expect any potential liabilities from pending legal matters to have a **material adverse effect** on the company's financial position[147](index=147&type=chunk) Unfunded Loan Commitments and Standby Letters of Credit (in thousands) | Metric | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Unfunded loan commitments | $9,142,538 | $8,979,334 | | Standby letters of credit (notional) | $184,027 | $174,070 | | Allowance for unfunded loan commitments | $33,000 | $32,200 | - Old National holds **65,466 Visa Class B restricted shares**, carried at a zero cost basis due to transfer restrictions and litigation uncertainty[151](index=151&type=chunk) [Note 17. Fair Value](index=43&type=section&id=Note%2017.%20Fair%20Value) This note details the company's fair value measurements and the three-level hierarchy - Fair value measurements are categorized into **Level 1** (quoted prices in active markets), **Level 2** (significant other observable inputs), and **Level 3** (significant unobservable inputs)[152](index=152&type=chunk) Recurring Fair Value Measurements (Assets, in thousands) | Asset Type | Sep 30, 2023 Fair Value | Level 1 | Level 2 | Level 3 | | :--- | :--- | :--- | :--- | :--- | | Equity securities | $69,880 | $69,880 | — | — | | Investment securities available-for-sale | $6,414,761 | $548,126 | $5,866,635 | — | | Loans held-for-sale | $122,033 | — | $122,033 | — | | Derivative assets | $227,833 | — | $227,833 | — | Non-Recurring Fair Value Measurements (Assets, in thousands) | Asset Type | Sep 30, 2023 Fair Value | Level 1 | Level 2 | Level 3 | | :--- | :--- | :--- | :--- | :--- | | Collateral Dependent Loans (Commercial) | $10,783 | — | — | $10,783 | | Collateral Dependent Loans (Commercial real estate) | $75,720 | — | — | $75,720 | | Foreclosed Assets (Commercial) | $1,879 | — | — | $1,879 | - The fair value option was elected for loans held-for-sale to mitigate accounting mismatches and simplify operations, with interest income of **$0.4 million** for Q3 2023 and **$0.9 million** for YTD 2023[165](index=165&type=chunk)[166](index=166&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=50&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides a detailed narrative and analysis of financial condition and results of operations [Forward-Looking Statements](index=50&type=section&id=Forward-Looking%20Statements) This section outlines potential risks and uncertainties affecting future performance - Forward-looking statements are subject to risks and uncertainties, including competition, government regulations, liquidity, economic conditions, inflation, interest rate risks, and cybersecurity threats[173](index=173&type=chunk) - The company undertakes **no obligation** to publicly update any forward-looking statements after the report date[174](index=174&type=chunk) [Financial Highlights](index=51&type=section&id=Financial%20Highlights) This section summarizes key performance metrics for the third quarter and year-to-date Financial Highlights (3 Months Ended Sep 30, 2023 vs. Sep 30, 2022) | Metric | Sep 30, 2023 | Sep 30, 2022 | % Change | | :--- | :--- | :--- | :--- | | Net interest income (in thousands) | $375,086 | $376,589 | (0.4)% | | Net income (diluted) per share | $0.49 | $0.47 | 4.3% | | Return on average assets | 1.22% | 1.22% | 0.0% | | Return on average common equity | 11.39% | 11.13% | 2.3% | | Net interest margin (taxable equivalent) | 3.49% | 3.71% | (5.9)% | | Efficiency ratio (non-GAAP) | 51.66% | 55.26% | (6.5)% | | Total loans (in thousands) | $32,577,834 | $30,528,933 | 6.7% | | Total deposits (in thousands) | $37,252,676 | $36,053,663 | 3.3% | | Tier 1 common equity ratio | 10.41% | 9.88% | 5.4% | Financial Highlights (9 Months Ended Sep 30, 2023 vs. Sep 30, 2022) | Metric | Sep 30, 2023 | Sep 30, 2022 | % Change | | :--- | :--- | :--- | :--- | | Net interest income (in thousands) | $1,138,745 | $936,846 | 21.6% | | Net income (diluted) per share | $1.50 | $0.80 | 87.5% | | Return on average assets | 1.25% | 0.72% | 73.6% | | Return on average common equity | 11.66% | 6.26% | 86.3% | | Net interest margin (taxable equivalent) | 3.59% | 3.34% | 7.5% | | Efficiency ratio (non-GAAP) | 51.89% | 62.17% | (16.6)% | | Total loans (in thousands) | $32,577,834 | $30,528,933 | 6.7% | | Total deposits (in thousands) | $37,252,676 | $36,053,663 | 3.3% | | Tier 1 common equity ratio | 10.41% | 9.88% | 5.4% | [Non-GAAP Financial Measures](index=53&type=section&id=Non-GAAP%20Financial%20Measures) This section reconciles non-GAAP measures to their most comparable GAAP counterparts - Non-GAAP measures like taxable equivalent net interest income/margin and tangible common equity are provided to assist investors in assessing operating performance and capital adequacy[185](index=185&type=chunk)[186](index=186&type=chunk)[187](index=187&type=chunk) - Taxable equivalent adjustments use a **21% federal income tax rate** to compare taxable and tax-exempt assets[186](index=186&type=chunk) Tangible Common Book Value Reconciliation (in thousands, except per share data) | Metric | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Shareholders' common equity | $4,995,818 | $4,884,876 | | Deduct: Goodwill and intangible assets | $2,106,835 | $2,125,121 | | **Tangible shareholders' common equity** | **$2,888,983** | **$2,759,755** | | Period end common shares (in thousands) | 292,586 | 292,903 | | **Tangible common book value** | **$9.87** | **$9.42** | [Executive Summary](index=56&type=section&id=Executive%20Summary) Old National reported Q3 2023 net income of $143.8 million, with strong deposit and loan growth - Old National is the **sixth largest commercial bank** headquartered in the Midwest by asset size, with consolidated assets of approximately **$49 billion** at September 30, 2023[194](index=194&type=chunk) Q3 2023 Key Financial Highlights (vs. Q2 2023) | Metric | Q3 2023 (in thousands) | Q2 2023 (in thousands) | % Change (QoQ) | | :--- | :--- | :--- | :--- | | Net income applicable to common shareholders | $143,842 | $151,003 | (4.7)% | | Diluted EPS | $0.49 | $0.52 | (5.8)% | | Total deposits | $37,252,676 | $36,231,315 | 2.8% | | Total loans (excluding HFS) | $32,577,834 | $32,432,473 | 0.4% | | Net interest income | $375,086 | $382,171 | (1.9)% | | Provision for credit losses | $19,068 | $14,787 | 28.9% | | Noninterest income | $80,938 | $81,629 | (0.8)% | | Noninterest expense | $244,776 | $246,584 | (0.7)% | - Q3 2023 results were impacted by **$6.3 million** of merger-related charges[196](index=196&type=chunk) [Results of Operations](index=57&type=section&id=Results%20of%20Operations) This section provides a detailed analysis of the company's income statement Net Interest Income (Tax Equivalent Basis, in thousands) | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Net interest income - taxable equivalent basis | $380,923 | $381,539 | $1,156,073 | $949,882 | | Net interest margin - taxable equivalent basis | 3.49% | 3.71% | 3.59% | 3.34% | - Net interest income decreased for Q3 2023 YoY primarily due to **higher funding costs**, while YTD 2023 YoY increased due to **higher rates on loans and loan growth**[217](index=217&type=chunk) Provision for Credit Losses (in thousands) | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Provision for credit losses on loans | $23,115 | $11,288 | $46,520 | $117,951 | | Provision (release) for credit losses on unfunded loan commitments | $(4,047) | $4,203 | $772 | $15,290 | | **Total provision for credit losses** | **$19,068** | **$15,490** | **$47,292** | **$133,391** | - Net charge-offs on loans totaled **$19.7 million** for Q3 2023 (annualized 0.24% of average loans) and **$46.2 million** for YTD 2023 (annualized 0.19% of average loans)[225](index=225&type=chunk)[271](index=271&type=chunk) Noninterest Income (in thousands) | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Wealth and investment services fees | $26,687 | $25,359 | $80,128 | $75,183 | | Service charges on deposit accounts | $18,524 | $20,042 | $53,278 | $54,392 | | Mortgage banking revenue | $5,063 | $5,360 | $12,628 | $19,127 | | Capital markets income | $5,891 | $8,906 | $19,003 | $20,609 | | Other income | $10,456 | $6,921 | $30,574 | $24,461 | | **Total noninterest income** | **$80,938** | **$80,385** | **$233,248** | **$234,742** | - Noninterest income was relatively flat YoY for both Q3 and YTD 2023, with shifts among categories including lower mortgage banking revenue and higher wealth management fees[226](index=226&type=chunk) Noninterest Expense (in thousands) | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Salaries and employee benefits | $131,541 | $147,203 | $404,715 | $433,167 | | FDIC assessment | $9,000 | $6,249 | $29,028 | $13,523 | | Amortization of intangibles | $6,040 | $7,089 | $18,286 | $19,070 | | Amortization of tax credit investments | $2,644 | $2,662 | $8,167 | $5,703 | | **Total noninterest expense** | **$244,776** | **$262,444** | **$742,071** | **$755,508** | - Noninterest expense decreased for Q3 and YTD 2023 YoY, primarily due to **significantly lower merger-related expenses**[232](index=232&type=chunk)[233](index=233&type=chunk) - FDIC assessment expense increased by **$2.8 million** for Q3 2023 YoY and **$15.5 million** for YTD 2023 YoY due to higher assessment rates and deposit balances[234](index=234&type=chunk) - The FDIC proposed a special assessment to recover losses from recent bank failures, which could result in an estimated **$17 million expense** for Old National[236](index=236&type=chunk)[237](index=237&type=chunk) [Financial Condition](index=64&type=section&id=Financial%20Condition) Total assets increased to $49.1 billion, driven by loan and deposit growth Total Assets and Earning Assets (in thousands) | Metric | Sep 30, 2023 | Dec 31, 2022 | % Change | | :--- | :--- | :--- | :--- | | Total assets | $49,059,448 | $46,763,372 | 4.9% | | Earning assets | $43,900,000 (approx) | $41,600,000 (approx) | 5.5% | - The investment securities portfolio was **$9.9 billion** at September 30, 2023; net unrealized losses on available-for-sale securities increased to **$1.1 billion** and on held-to-maturity securities to **$634.3 million** due to higher market interest rates[242](index=242&type=chunk)[243](index=243&type=chunk) - The total investment securities portfolio's effective duration decreased to **5.48** at September 30, 2023, from 6.45 at December 31, 2022[245](index=245&type=chunk) Loan Portfolio Composition (in thousands) | Loan Type | Sep 30, 2023 | Dec 31, 2022 | % Change | | :--- | :--- | :--- | :--- | | Commercial | $9,333,448 | $9,508,904 | (1.8)% | | Commercial real estate | $13,916,221 | $12,457,070 | 11.7% | | Residential real estate | $6,696,288 | $6,460,441 | 3.7% | | Consumer | $2,631,877 | $2,697,226 | (2.4)% | | **Total loans** | **$32,577,834** | **$31,123,641** | **4.7%** | - Total deposits increased by **$2.3 billion (6%)** to $37.3 billion, with a significant shift from noninterest-bearing demand deposits (down 15%) to money market (up 63%) and time deposits (up 85%)[257](index=257&type=chunk) - Shareholders' equity increased to **$5.2 billion** from $5.1 billion, driven by retained earnings and changes in unrealized gains (losses) on derivatives[258](index=258&type=chunk) Capital Ratios | Capital Ratio | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Tier 1 capital to total average assets (leverage ratio) | 8.70% | 8.52% | | Common equity Tier 1 capital to risk-weighted total assets | 10.41% | 10.03% | | Tier 1 capital to risk-weighted total assets | 11.06% | 10.71% | | Total capital to risk-weighted total assets | 12.32% | 12.02% | [Risk Management](index=68&type=section&id=Risk%20Management) The company manages strategic, market, liquidity, credit, and operational risks - The company's Risk Appetite Statement addresses major risks including strategic, market, liquidity, credit, operational, talent management, compliance and regulatory, legal, and reputational[264](index=264&type=chunk) Asset Quality Summary (in thousands) | Metric | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Total nonaccrual loans | $261,346 | $238,178 | | Loans 90 days or more past due and still accruing | $1,192 | $2,650 | | Foreclosed assets | $9,761 | $10,845 | | **Total under-performing assets** | **$272,299** | **$266,986** | | Classified loans | $825,965 | $745,485 | | Criticized loans | $775,526 | $636,069 | | **Total criticized and classified assets** | **$1,650,489** | **$1,406,289** | - The allowance for credit losses on loans was **$304.0 million** at September 30, 2023, and on unfunded loan commitments was **$33.0 million**[275](index=275&type=chunk)[276](index=276&type=chunk) Projected Net Interest Income Sensitivity (2-Year Cumulative Horizon, in thousands) | Interest Rate Change | Sep 30, 2023 % Change from Base | Sep 30, 2022 % Change from Base | | :--- | :--- | :--- | | -300 Basis Points | (8.47)% | N/A | | -200 Basis Points | (5.56)% | N/A | | -100 Basis Points | (3.34)% | N/A | | -50 Basis Points | N/A | (3.41)% | | +100 Basis Points | 2.49% | 4.01% | | +200 Basis Points | 4.60% | 7.82% | | +300 Basis Points | 6.88% | 11.61% | - Old National Bank maintains significant available liquid funds and borrowings, including **$9.5 billion** available from FHLB, Federal Reserve discount window, and Term Funding Program at the subsidiary level[293](index=293&type=chunk) [Critical Accounting Estimates](index=74&type=section&id=Critical%20Accounting%20Estimates) This section confirms no material changes to critical accounting estimates since year-end - **No material changes** in the company's application of critical accounting estimates since December 31, 2022[296](index=296&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=74&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This item refers readers to the "Market Risk" and "Liquidity Risk" sections within the MD&A - Disclosures about market risk are provided in the "Market Risk" and "Liquidity Risk" sections of Management's Discussion and Analysis of Financial Condition and Results of Operations[297](index=297&type=chunk) [Item 4. Controls and Procedures](index=75&type=section&id=Item%204.%20Controls%20and%20Procedures) The principal officers concluded that disclosure controls and procedures were effective - Old National's disclosure controls and procedures were **effective** at the reasonable assurance level as of September 30, 2023[298](index=298&type=chunk) - **No material changes** in Old National's internal control over financial reporting occurred during the period covered by this report[301](index=301&type=chunk) [Part II. Other Information](index=76&type=section&id=PART%20II.%20OTHER%20INFORMATION) This part contains other required information, including risk factors and exhibits [Item 1A. Risk Factors](index=76&type=section&id=Item%201A.%20Risk%20Factors) This item states there have been no material changes to previously disclosed risk factors - There have been **no material changes** from the risk factors disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2022[303](index=303&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=76&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This item reports on the company's issuer purchases of equity securities Issuer Purchases of Equity Securities (Q3 2023) | Period | Total Number of Shares Purchased | Average Price Paid Per Share | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) | | :--- | :--- | :--- | :--- | | 07/01/23 - 07/31/23 | 27,973 | $14.01 | $170,476,849 | | 08/01/23 - 08/31/23 | 303 | $16.76 | $170,476,849 | | 09/01/23 - 09/30/23 | 3,479 | $15.79 | $170,476,849 | | **Total** | **31,755** | **$14.24** | **$170,476,849** | - The Board of Directors approved a stock repurchase program on February 22, 2023, authorizing the repurchase of up to **$200 million** of common stock through February 29, 2024[305](index=305&type=chunk) [Item 5. Other Information](index=76&type=section&id=Item%205.%20Other%20Information) This item confirms no other material information to report - **No material changes** in the procedure by which security holders recommend nominees to the Company's board of directors[307](index=307&type=chunk) - No director or Section 16 officer adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" during the three months ended September 30, 2023[307](index=307&type=chunk) [Item 6. Exhibits](index=77&type=section&id=Item%206.%20Exhibits) This item lists all exhibits filed as part of the Form 10-Q - Exhibits include Fifth Amended and Restated Articles of Incorporation, Amended and Restated By-Laws, Certifications of Principal Executive and Financial Officers, and XBRL formatted financial statements[308](index=308&type=chunk) [Signature](index=78&type=section&id=SIGNATURE) The report is duly signed by the Chief Financial Officer - The report is signed by Brendon B. Falconer, Senior Executive Vice President and Chief Financial Officer, on November 1, 2023[311](index=311&type=chunk)

Financial Data and Key Metrics Changes - The company reported an EPS of $0.49 for the quarter, with adjusted EPS at $0.51 per common share, reflecting strong profitability [63][66] - The adjusted efficiency ratio remained under 50%, specifically at 49.7%, indicating effective cost management [9][67] - Total and core deposit balances increased by 3% during the quarter, demonstrating effective competition for new deposits [9][80] - The total cost of deposits was 161 basis points, with a low-30% total deposit beta cycle-to-date, which helped exceed margin expectations [9][11] Business Line Data and Key Metrics Changes - Adjusted non-interest income was $81 million for the quarter, with all primary fee businesses performing as expected [2] - Total loans grew in line with expectations, with a 1.7% increase excluding $389 million in non-relationship C&I loans sold at par [65][81] - The investment portfolio declined as expected, with cash flows projected to be $1.4 billion over the next 12 months [65][70] Market Data and Key Metrics Changes - Non-interest-bearing deposits as a percentage of total deposits fell to 28% at quarter-end, with expectations for a continued downward trend [11] - Interest-bearing deposit costs increased by 56 basis points to 2.22%, reflecting upward pressure on deposit rates [11] Company Strategy and Development Direction - The company aims to continue expanding its customer base while maintaining peer-leading deposit costs, focusing on deposit acquisitions and new lending opportunities [80][84] - The management expressed confidence in the ability to manage deposit rates effectively throughout the rate cycle, leveraging successful deposit promotions to attract new clients [1][9] - The company plans to support fourth-quarter growth in the low-single-digit range and anticipates a 3% to 4% decline in net interest income in Q4, equating to a 13% year-over-year increase [70][84] Management's Comments on Operating Environment and Future Outlook - Management noted that while the loan pipeline has declined, there are still opportunities to win new loan business and develop full relationships [79] - The company expects to navigate the challenging operating environment effectively, with a focus on maintaining strong credit quality and managing expenses [80][81] - Management remains optimistic about long-term growth in both treasury management and wealth management sectors [70] Other Important Information - The company reduced broker deposit exposure to only 3.2% of total deposits, compared to the industry average of 10.6% [69] - The allowance for loan losses stood at $337 million, or 103 basis points of total loans, largely unchanged from the prior quarter [68] Q&A Session Summary Question: Can you discuss any near-term capital targets and stock repurchase plans? - Management indicated no current capital targets or plans for stock repurchase, focusing instead on capital growth [91] Question: What are the expectations for expense growth next year? - Management stated there are no specific targets for expense growth, emphasizing a track record of controlling expenses while investing in growth [22] Question: How is the loan pipeline changing in the current economic environment? - Management noted a decline in the loan pipeline but highlighted opportunities due to competitors' reduced appetite, allowing for selective growth [28][99] Question: Can you provide insights on the downgrades from the SNC review? - Management clarified that downgrades were primarily related to debt service coverage and did not indicate broader portfolio weaknesses [39][44] Question: What is the outlook for net interest income in the coming quarters? - Management anticipates a 3% to 4% decline in net interest income in Q4, largely due to deposit cost pressures, but expects to bolster NII through fixed-rate repricing [95][54]

The tax-equivalent adjustment to net interest income and net interest margin recognizes the income tax savings when comparing taxable and tax-exempt assets. Interest income and yields on tax-exempt securities and loans are presented using the current federal income tax rate of 21%. Management believes that it is standard practice in the banking industry to present net interest income and net interest margin on a fully tax-equivalent basis and that it may enhance comparability for peer comparison purposes. S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-15817 or Old National Bancorp (Exact name of registrant as specified in its charter) Indiana 35-1539838 (State or oth ...

Old National Bancorp (NASDAQ:ONB) Q2 2023 Earnings Call Transcript July 25, 2023 10:00 AM ET Company Participants Jim Ryan - Chief Executive Officer Brendon Falconer - Chief Financial Officer Mark Sander - President and Chief Operating Officer Conference Call Participants Ben Gerlinger - Hovde Group Scott Siefers - Piper Sandler David Long - Raymond James Chris McGratty - KBW Terry McEvoy - Stephens Brody Preston - UBS Jon Arfstrom - RBC Capital Markets Operator Welcome to the Old National Bancorp Second Qu ...

1 Includes expenses related to the tragic April 10 event at our downtown Louisville location | --- | --- | --- | |------------------------------------|---------|---------------------| | | | Reported Adjusted 1 | | EPS | $0.52 | $0.54 | | | | | | Net Income | $151 | $156 | | | | | | Return on Average Assets | 1.29% | 1.33% | | | | | | Return on Average TCE 1 | 21.4% | 22.1% | | | | | | Efficiency Ratio 1 | 51.2% | 49.4% | | 1 | | | | Tangible common book value | $10.03 | | | Total Cost of Deposits | 115 bps ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-15817 Old National Bancorp (Exact name of registrant as specified in its charter) Indiana 35-1539838 (State or ot ...