EVANSVILLE, Ind., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) (“Old National”) today announced the pricing of an underwritten public offering of 19,047,619 shares of its common stock, no par value (the “Common Stock”), at a public offering price of $21.00 per share (before underwriting discounts and commissions), for an aggregate offering amount of $400 million. The approximate net proceeds of the offering will be $384 million (before offering expenses, assuming the underwriters do ...

EVANSVILLE, Ind. and ST. PAUL, Minn., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) (“Old National”) and Bremer Financial Corporation (“BFC” or “Bremer”) jointly announced today that they entered into a definitive merger agreement. Founded in 1943, BFC is the bank holding company for Bremer Bank. As of September 30, 2024, Bremer had $16.2 billion in total assets, $11.5 billion in total loans, and $13.2 billion in deposits. After the partnership is completed, Old National will become t ...

EVANSVILLE, Ind., Nov. 22, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”) announced today that it has earned the 2025 Military Friendly® Employer designation, evaluated from both public data sources and responses from a proprietary survey. More than 1,200 companies participated in this year’s Military Friendly® survey. Results for the 2025 recognitions, published by G.I. Jobs magazine, recognized Old National in four award categories: The top Gold Award as a Military Friendly ...

EVANSVILLE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”) is expanding upon its long-standing commitment as a leader in the financial education space with two new, engaging digital initiatives: a Real-Life Finance Podcast, and a Smart Money Half-Minute video series. The Real-Life Finance Podcast is a complement to Old National’s popular Real-Life Finance eLearning education platform and in-person workshops. Hosted by Old National Financial Empowerment Director ...

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 September 30, 2024 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 o ...

EVANSVILLE, Ind., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp ("Old National") and Axletree Solutions today announced an innovative collaboration whereby Axletree will host Old National Bank's Swift architecture, providing a new level of highly-secure transaction messaging. This will ensure endto-end control and complete transparency of banking transactions via Swift (Society for Worldwide Interbank Financial Telecommunication). Axletree Solutions, a "Software as a Service" provider specializing ...

Financial Data and Key Metrics Changes - The company reported GAAP earnings of $0.44 per common share, with adjusted EPS at $0.46, reflecting solid performance in line with expectations [3][8] - Adjusted ROA TCE for the quarter was 16.8%, and adjusted ROA was 1.13% [3] - The adjusted efficiency ratio was a low 51.2%, indicating effective cost management [3] - Core deposit growth was strong at 10.1% annualized, with noninterest-bearing deposits increasing by nearly $100 million during the quarter [3][7] - Tangible common book value per share rose by 8% since the second quarter of 2024 and 21% year-over-year [5][3] Business Line Data and Key Metrics Changes - Commercial loans increased by 4.1% annualized due to disciplined client selection [3][5] - Total loans grew 2.7% annualized from the previous quarter, in line with industry performance [5] - Adjusted noninterest income was $94 million for the quarter, exceeding expectations, with strong performance in bank fees and capital markets [9] Market Data and Key Metrics Changes - Total deposits grew 8.5% annualized from the second quarter, with core deposits (excluding brokered) up 10% annualized [7] - The company maintained a low total cost of deposits at 225 basis points, benefiting from recent Fed actions [3][7] - The loan-to-deposit ratio was driven below 90%, indicating a strong deposit base [7] Company Strategy and Development Direction - The company remains focused on organic growth strategies, investing in new markets and talent [2][4] - There is a commitment to maintaining a strong capital position, with a CET1 ratio of 11% [5] - The company is prepared to respond proactively to future Fed rate actions while driving above-peer deposit growth at reasonable costs [7][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the execution of their deposit strategy and the ability to manage credit effectively [7][10] - The outlook for net interest income (NII) is expected to grow modestly in the fourth quarter, with assumptions of two rate cuts of 25 basis points each [12][15] - Management noted that the economic environment is stabilizing, with expectations for a soft landing becoming clearer [41][48] Other Important Information - The allowance for credit losses to total loans was 112 basis points, reflecting a conservative risk rating posture [10] - The company expects to realize $30 million in annual cost savings from the integration of CapStar, fully reflected in the fourth quarter [23] Q&A Session Summary Question: Insights on NII guidance for the fourth quarter - Management acknowledged that the NII guidance was impacted by the belly of the curve and timing of Fed moves, with expectations for $2 billion in cash flows over the next 12 months [15][16] Question: Credit cost expectations - Management indicated that the increase in credit costs is a normalization process, with charge-off expectations adjusted to 17-20 basis points [16][19] Question: Fee income outlook - Management noted that the expected decline in fee income for the fourth quarter is due to seasonality, particularly in mortgage and capital markets [32] Question: Capital build and M&A opportunities - Management stated that any future M&A opportunities would have a high hurdle, focusing on organic growth opportunities [50][51] Question: Competitive landscape and loan demand - Management observed increasing competitive pressures in lending and deposit gathering, but remains confident in their ability to win [45]

Old National Bancorp (ONB) reported $492.01 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.5%. EPS of $0.46 for the same period compares to $0.51 a year ago.The reported revenue represents a surprise of +1.95% over the Zacks Consensus Estimate of $482.6 million. With the consensus EPS estimate being $0.46, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Old National Bancorp (ONB) came out with quarterly earnings of $0.46 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this holding company for Old National Bank would post earnings of $0.44 per share when it actually produced earnings of $0.46, delivering a surprise of 4.55%.Over the last four quarters, the company has surpassed consensus EPS estimates two time ...

Exhibit 99.1 Old National Bancorp Reports Third Quarter 2024 Results Evansville, Ind. (October 22, 2024) Old National Bancorp (NASDAQ: ONB) reports 3Q24 net income applicable to common shares of $139.8 million, diluted EPS of $0.44; $147.2 million and $0.46 on an adjusted basis, respectively. 1 CEO COMMENTARY: "Old National's strong 3rd quarter was driven by a focus on our fundamentals: continuing to grow deposits and loans, effectively managing both credit and capital, and creating positive operating lever ...