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, 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 or ot ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q Washington, D.C. 20549 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 o ...

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 ...