Financial Data and Key Metrics Changes - Old National reported strong results for the fourth quarter and the full-year 2024, successfully navigating a challenging environment while maintaining an offensive growth strategy [5]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content. Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the provided content. Company Strategy and Development Direction and Industry Competition - The company emphasized its commitment to an offensive growth strategy, which includes investing in talent and remaining opportunistic in its approach [5]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2024 but highlighted the successful navigation of these challenges, indicating a positive outlook for future performance [5]. Other Important Information - The company referred to its forward-looking statements and risk factors, which are disclosed in SEC filings, indicating a focus on transparency and investor understanding [3][4]. Q&A Session Summary - No specific questions and answers from the Q&A session were provided in the available content.

Non-GAAP Financial Measures 4th Quarter 2024 Financial Review January 21, 2025 Forward-Looking Statements These materials contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"), notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements m ...

Core Insights - Old National Bancorp (ONB) reported revenue of $495.72 million for the quarter ended December 2024, reflecting a year-over-year increase of 5.3% and surpassing the Zacks Consensus Estimate of $486.03 million by 1.99% [1] - The company's earnings per share (EPS) for the quarter was $0.49, an increase from $0.46 in the same quarter last year, and exceeded the consensus EPS estimate of $0.46 by 6.52% [1] Financial Performance Metrics - Efficiency Ratio was reported at 54.4%, higher than the estimated 53% by analysts [4] - Net interest margin (FTE) remained stable at 3.3%, matching the analysts' average estimate [4] - Average balance of total earning assets was $48.41 billion, slightly above the two-analyst average estimate of $48.22 billion [4] - Net charge-offs to average loans were reported at 0.2%, consistent with the two-analyst average estimate [4] - Total noninterest income reached $95.77 million, exceeding the three-analyst average estimate of $85.94 million [4] - Net Interest Income (FTE) was $399.96 million, slightly below the three-analyst average estimate of $400.09 million [4] - Service charges on deposit accounts were $20.58 million, above the estimated $19.83 million by analysts [4] - Wealth and investment services fees totaled $30.01 million, surpassing the two-analyst average estimate of $29.36 million [4] - Mortgage banking revenue was reported at $7.03 million, exceeding the average estimate of $6.55 million based on two analysts [4] Stock Performance - Shares of Old National Bancorp have returned +5.9% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

Old National Bancorp (ONB) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. 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 $0.46, delivering no surprise.Over the last fou ...

Exhibit 99.1 Old National Bancorp Reports Fourth Quarter and Full-Year 2024 Results Evansville, Ind. (January 21, 2025) Old National Bancorp (NASDAQ: ONB) reports 4Q24 net income applicable to common shares of $149.8 million, diluted EPS of $0.47; $156.0 million and $0.49 on an adjusted basis, respectively. Full- year net income applicable to common shares of $523.1 million, diluted EPS of $1.68; $578.1 million and $1.86 on an adjusted basis, respectively. 1 1 CEO COMMENTARY: "Old National's successful 4th ...

EVANSVILLE, Ind., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) reports 4Q24 net income applicable to common shares of $149.8 million, diluted EPS of $0.47; $156.0 million and $0.49 on an adjusted1 basis, respectively. Full-year net income applicable to common shares of $523.1 million, diluted EPS of $1.68; $578.1 million and $1.86 on an adjusted1 basis, respectively. CEO COMMENTARY: "Old National's successful 4th quarter was driven by continued growth in our peer-leading deposit fra ...

Analysts on Wall Street project that Old National Bancorp (ONB) will announce quarterly earnings of $0.46 per share in its forthcoming report, representing no change year over year. Revenues are projected to reach $486.03 million, increasing 3.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings ...

Earnings Announcement Schedule - Old National Bancorp will release its fourth-quarter and full-year 2024 earnings on Tuesday, January 21, 2025, at approximately 7:00 AM ET [1] - A conference call will follow at 10:00 AM ET on the same day, with dial-in numbers provided for both U S and international participants [1] - A webcast of the conference call will be available on the company's Investor Relations website, with a replay accessible for one year [1] - A telephone replay will also be available until February 4, 2025 [1] Company Overview - Old National Bancorp is the holding company of Old National Bank, the sixth largest commercial bank headquartered in the Midwest [2] - The company primarily serves clients in the Midwest and Southeast regions of the United States [2] - With approximately $54 billion in assets and $31 billion in assets under management, Old National ranks among the top 30 banking companies in the U S [2] - The company traces its roots back to 1834 and focuses on building long-term partnerships with clients while supporting local communities [2] Business Operations - Old National provides extensive services in consumer and commercial banking [2] - The company also offers comprehensive wealth management and capital markets services [2] - In 2024, Old National was named one of "The Civic 50" by Points of Light, recognizing it as one of the most community-minded companies in the U S [2]

Earnings Announcement Schedule - Old National Bancorp will release its fourth-quarter and full-year 2024 earnings on Tuesday, January 21, 2025, at approximately 7:00 AM ET [1] - A conference call will follow at 10:00 AM ET on the same day, with dial-in numbers provided for both U S and international participants [1] - A webcast of the call will be available on Old National's Investor Relations website, with a replay accessible until midnight ET on January 20, 2026 [1] - A telephone replay will also be available until midnight ET on February 4, 2025 [1] Company Overview - Old National Bancorp is the holding company of Old National Bank, the sixth largest commercial bank headquartered in the Midwest [2] - The company primarily serves clients in the Midwest and Southeast, with approximately $54 billion in assets and $31 billion in assets under management [2] - Old National ranks among the top 30 banking companies headquartered in the United States, tracing its roots back to 1834 [2] - The company focuses on building long-term partnerships with clients and supporting communities, offering services in consumer and commercial banking, wealth management, and capital markets [2] - In 2024, Old National was named one of "The Civic 50" by Points of Light, recognizing it as one of the most community-minded companies in the United States [2] Contact Information - Investor Relations can be reached via Lynell Durchholz at (812) 464-1366 or lynell durchholz@oldnational com [3] - Media Relations can be contacted through Rick Vach at (904) 535-9489 or rick vach@oldnational com [3]

Shares of Old National Bancorp. (ONB) rose 6% on Monday, hitting a new 52-week high of $23.76 as the bank announced its decision to acquire Bremer Financial Corp. (“Bremer”). The transaction is valued at $1.4 billion. The consideration will be paid through 50 million shares of ONB and $315 million in cash.Details of the Acquisition Pursued by Old National Bancorp.Per the agreement, Old National Bancorp will pay $26.22 per share in cash with a fixed exchange ratio of 4.182 ONB shares for each share of Bremer ...