Core Viewpoint - Analysts expect Old National Bancorp (ONB) to report quarterly earnings of $0.51 per share, reflecting a year-over-year increase of 10.9%, with revenues projected at $623.08 million, up 29.3% from the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 1.4% over the past 30 days, indicating a collective reassessment by analysts [1][2]. Key Financial Metrics - Analysts predict an 'Efficiency Ratio' of 62.1%, up from 57.2% in the same quarter last year [4]. - The 'Net Interest Margin (FTE)' is expected to reach 3.6%, compared to 3.3% a year ago [4]. - The 'Average Balance - Total earning assets' is estimated at $58.55 billion, an increase from $47.41 billion year-over-year [4]. Income Projections - 'Net Interest Income (FTE)' is forecasted to be $518.38 million, up from $394.76 million in the previous year [5]. - 'Total noninterest income' is expected to reach $105.08 million, compared to $87.27 million a year ago [5]. - 'Mortgage banking revenue' is projected at $8.36 million, up from $7.06 million in the same quarter last year [6]. - 'Wealth and investment services fees' are estimated at $33.22 million, compared to $29.36 million a year ago [6]. Additional Income Sources - 'Service charges on deposit accounts' are expected to be $23.12 million, up from $19.35 million in the same quarter last year [7]. - 'Other income' is projected to reach $14.50 million, compared to $10.04 million a year ago [7]. - 'Capital markets income' is expected to be $6.00 million, up from $4.73 million in the same quarter last year [8]. - The estimate for 'Debit card and ATM fees' stands at $11.00 million, slightly up from $10.99 million a year ago [8]. Stock Performance - Over the past month, shares of Old National Bancorp have returned +11.5%, outperforming the Zacks S&P 500 composite's +5.4% change [8].

Core Viewpoint - Old National Bancorp (ONB) has reached a significant support level and is considered a good investment opportunity from a technical perspective due to the recent "golden cross" formation in its moving averages [1]. Technical Analysis - ONB's 50-day simple moving average has recently broken above its 200-day moving average, indicating a bullish breakout [1]. - A golden cross is characterized by a downtrend that bottoms out, followed by the shorter moving average crossing above the longer moving average, leading to an upward price momentum [2]. Performance Metrics - Over the past four weeks, ONB has gained 13.4%, suggesting positive momentum [3]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, indicating potential for further breakout [3]. - Earnings expectations for ONB have improved, with two upward revisions and no downward changes in estimates over the past 60 days, further supporting the bullish outlook [3]. Investment Consideration - Given the technical indicators and positive earnings estimate movements, investors are encouraged to consider adding ONB to their watchlist [5].

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Group 1 - Old National Bancorp will release its second-quarter 2025 earnings on July 22, 2025, at approximately 7:00 A.M. ET, followed by a conference call at 10:00 A.M. ET [1] - The conference call can be accessed via U.S. dial-in number (800) 715-9871 and international number (646) 307-1963, with an access code of 9394540 [1] - A replay of the conference call will be available approximately one hour after its completion until midnight ET on August 5, 2025 [1] Group 2 - Old National Bancorp is the fifth largest commercial bank headquartered in the Midwest, with approximately $70 billion in assets and $37 billion in assets under management as of March 31, 2025 [2] - The company ranks among the top 25 banking companies in the United States and has a history dating back to 1834 [2] - Old National Bancorp was recognized in 2025 as one of "The Civic 50," highlighting its commitment to community engagement [2]

Core Insights - Old National Bancorp has appointed Matt Keen as Chief Information Officer (CIO), joining the Executive Leadership Team [1][2] - Keen brings over 30 years of technology leadership experience, including roles at American Express, Ameriprise Financial, and Bremer Bank [2][4] - The appointment aligns with Old National's strategy to enhance technology capabilities to meet client needs during its expansion in the Midwest and Southeast [2][3] Company Overview - Old National Bancorp is the fifth largest commercial bank headquartered in the Midwest, with approximately $70 billion in assets and $37 billion in assets under management [6] - The company focuses on building long-term partnerships with clients and supporting the communities it serves [6] - Old National offers a range of services, including consumer and commercial banking, wealth management, and capital markets services [6] Leadership Transition - Matt Keen succeeds retiring CIO Paul S. Kilroy, who led significant improvements in contact center quality and received the "Tech Exec of the Year" award in 2024 [5] - Keen aims to advance the technology foundation established by Kilroy and enhance client and team member experiences through innovation [3][4]

Exhibit 99.1 3rd Quarter 2024 Investment Thesis November 6, 2024 Slides 5 — 14 Executive Summary 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 wr ...

Core Points - Old National Bancorp has been recognized as one of "The Civic 50" honorees for 2025, marking the second consecutive year for this achievement [1][5] - The Civic 50 award is given to the 50 most community-minded companies in the U.S., based on criteria such as employee volunteering, community investment, corporate citizenship, and social impact programs [2][4] Company Overview - Old National Bancorp is the holding company for Old National Bank, ranking as the fifth largest commercial bank headquartered in the Midwest, with approximately $70 billion in assets and $37 billion in assets under management as of March 31, 2025 [5] - The company focuses on building long-term partnerships with clients while supporting the communities it serves, offering services in consumer and commercial banking, wealth management, and capital markets [5] Community Engagement - In 2024, Old National employees logged over 67,000 collective volunteer hours, contributing to a total of more than 6.5 million hours volunteered by The Civic 50 companies, which is double the average for U.S. companies not in this group [3] - Points of Light emphasizes that companies like Old National demonstrate how social impact initiatives benefit employee well-being and strengthen community ties [4] Recognition Criteria - The Civic 50 honorees are selected based on four dimensions of corporate citizenship and social impact programs: investment of resources and volunteerism, integration across business functions, institutionalization through policies and systems, and impact measurement [7]

Core Viewpoint - Old National Bancorp has successfully completed its merger with Bremer Financial Corporation, enhancing its position among the top banking companies in the U.S. [1][2] Company Overview - Following the merger, Old National will have approximately $70 billion in assets and $37 billion in assets under management, ranking it among the top 25 banking companies headquartered in the U.S. [2][8] - The combined organization will operate under the Old National Bancorp and Old National Bank names, with Bremer Bank functioning as a division of Old National Bank until the systems conversion in mid-October 2025 [3][4]. Community Commitment - Old National has increased its Community Growth Plan commitments from $9.5 billion to $11.1 billion, adding approximately $1.6 billion in lending, investments, and philanthropy in Minnesota, North Dakota, and Wisconsin [5]. Board of Directors - Daniel Reardon will join the Old National Bancorp Board of Directors, bringing extensive experience in executive management, philanthropy, and banking [6][7].

Financial Performance - Net interest income for Q1 2025 was $387,643,000, a slight decrease from $394,180,000 in Q4 2024, but an increase from $356,458,000 in Q1 2024[163] - Net income available to common shareholders for Q1 2025 was $140,625,000, down from $149,839,000 in Q4 2024 but up from $116,250,000 in Q1 2024[163] - Net interest income decreased by $6.5 million to $387.6 million compared to Q4 2024, influenced by lower accretion and fewer days in the quarter[177] - Noninterest income decreased by $2.0 million to $93.8 million compared to Q4 2024, reflecting lower company-owned life insurance and seasonally lower bank fees[178] - Noninterest expense decreased by $8.4 million compared to Q4 2024, including $5.9 million of pre-tax merger-related expenses[179] - Net interest income comprised 81% of total revenues for Q1 2025, highlighting its significance to overall earnings[183] - Noninterest income increased by $16.3 million to $93.8 million for the three months ended March 31, 2025, compared to $77.5 million in the same period of 2024, primarily due to the acquisition of CapStar and higher mortgage banking revenue[200] Loan and Deposit Growth - Total loans as of March 31, 2025, reached $36,413,944,000, compared to $36,285,887,000 at the end of 2024[163] - Total deposits rose to $41,034,572,000 as of March 31, 2025, compared to $40,823,560,000 at the end of 2024[163] - Loan balances increased by $128.1 million, or 1.4% annualized, to $36.4 billion at March 31, 2025, with a 2.3% annualized increase excluding $71 million of commercial real estate loans sold[176] - Total deposits increased by $211.0 million to $41.03 billion as of March 31, 2025, reflecting organic growth[225] Credit Losses and Asset Quality - Provision for credit losses increased to $31,403,000 in Q1 2025 from $27,017,000 in Q4 2024 and $18,891,000 in Q1 2024[163] - The provision for credit losses on loans rose to $31.026 million, a 30.1% increase from $23.853 million in the same period in 2024[199] - Net charge-offs on non-PCD loans increased by 210.8% to $18.836 million compared to $6.061 million in the prior year[199] - The allowance for credit losses on loans was $401.9 million at March 31, 2025, an increase from $392.5 million at December 31, 2024, driven by macroeconomic factors and loan growth[244] - Net charge-offs on loans totaled $21.6 million for the three months ended March 31, 2025, compared to $11.8 million for the same period in 2024, with annualized net charge-offs to average loans at 0.24%[240] - Under-performing assets rose to $482.3 million at March 31, 2025, compared to $456.3 million at December 31, 2024, with under-performing assets as a percentage of total loans at 1.32%, a 6 basis point increase from 1.26%[237] Capital and Equity - The Tier 1 common equity ratio improved to 11.62% in Q1 2025 from 11.38% in Q4 2024[163] - Shareholders' equity rose to $6.5 billion as of March 31, 2025, up from $6.3 billion at the end of 2024[227] - The Tier 1 capital to total average assets ratio was 9.44% as of March 31, 2025, compared to 9.21% at December 31, 2024[229] - The total capital to risk-weighted total assets ratio was 13.68% as of March 31, 2025, up from 13.37% at the end of 2024[229] Mergers and Acquisitions - Old National completed the acquisition of CapStar on April 1, 2024, and anticipates closing the merger with Bremer Financial Corporation on May 1, 2025[181] - Loans acquired in the CapStar transaction totaled $2.1 billion at the close of the transaction[196] - Deposits assumed in the CapStar transaction amounted to $2.6 billion at the close of the transaction[198] Interest Rate and Liquidity Management - The Federal Reserve's Federal Funds Rate was in a target range of 4.25% to 4.50% at March 31, 2025, down from 5.33% at the same time in 2024[184] - The company maintains a neutral interest rate risk position through disciplined balance sheet management[254] - Liquidity management strategies include maintaining strategic and contingency liquidity plans to ensure sufficient funding for balance sheet growth[257] - The company filed an automatic shelf registration statement with the SEC on May 31, 2023, allowing for the issuance of unspecified amounts of debt or equity securities[257] Risk Management - The company performs stress testing periodically to ensure sufficient capital to continue operations during economic stress, evaluating decisions related to pricing, loan concentrations, and mergers[231] - The company has adopted a Risk Appetite Statement to assess and mitigate various risks, including credit, market, and operational risks[232] - The interest rate management process aims to maximize net interest income while maintaining acceptable limits for interest rate risk[248]

Group 1 - The previous analysis of Old National Bancorp (NASDAQ: ONB) highlighted the quality of its deposits but noted unrealized losses that limited its upside potential [1] - The company has faced challenges with loan growth on a quarterly basis, indicating potential issues in its lending operations [1] Group 2 - The article does not provide any specific financial metrics or performance indicators for Old National Bancorp, focusing instead on qualitative aspects of the company's financial health [1]