| --- | --- | --- | |-------|--------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | 2nd Quarter 2022 | | | | Financial Review July 26, 2022 | | | | | | | | | | | | | | | | | | Forward-Looking Statements These materials contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, descriptions of Old National's financial condition, results of operations, asset an ...

Financial Data and Key Metrics Changes - The company reported GAAP earnings for Q2 2022 of $0.38 per share, with adjusted EPS of $0.46 after excluding $36.6 million in merger expenses [8][15] - Total loan growth was 19%, with commercial loans growing 18% on an annualized basis, contributing to a 45 basis point margin expansion [10][16] - The adjusted efficiency ratio was approximately 54%, indicating effective cost management [9][29] Business Line Data and Key Metrics Changes - Consumer loan growth was 22%, driven by residential mortgages, while the investment portfolio decreased by approximately $200 million quarter-over-quarter [16][17] - The commercial loan pipeline ended at a record $5.9 billion, reflecting a 9% increase over Q1 [19] - New money yields on commercial and industrial (C&I) loans increased by 80 basis points to 4.2% [20] Market Data and Key Metrics Changes - The company maintained stable deposits quarter-over-quarter, with total cost of deposits at 6 basis points, up just 1 basis point from the prior quarter [22][23] - The investment portfolio yields improved significantly to 2.37%, with new money yield at 3.8% [18] Company Strategy and Development Direction - The company completed its systems and brand conversion, which is expected to accelerate model synergies [6][7] - The focus remains on organic growth and maintaining a strong commercial pipeline, despite potential challenges from declining business sentiment [13][37] - The company is targeting adjusted Q4 expenses of $227 million and expects to realize the majority of cost synergies by year-end [40] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding loan growth, despite potential slowing due to higher interest rates and declining sentiment [48][49] - The company is well-positioned to withstand economic challenges, with strong client balance sheets and a robust pipeline [11][13] - Credit conditions remain benign, with net charge-offs at a modest 2 basis points [32] Other Important Information - The company has over $1 billion in down rate protection to mitigate margin risks [26] - The CET1 ratio stands at 9.9%, reflecting a strong capital position [35] Q&A Session Summary Question: Loan growth outlook and client sentiment - Management noted that while there is cautious optimism for continued loan growth, higher interest rates and declining sentiment are factors to consider [48][49] Question: Deposit pricing pressure - Management acknowledged that pricing pressure is beginning to emerge, particularly from price-sensitive customers, but they believe they have a competitive advantage in their deposit franchise [51][52] Question: Expectations for deposits in the second half of the year - Management expects deposits may come under pressure as liquidity is deployed, but they are actively working to grow deposits [74] Question: Fee outlook amidst market pressures - Management indicated that fee lines are under pressure due to market fluctuations, but they remain optimistic about organic growth in wealth and brokerage [78] Question: Integration progress and client adaptation - Management reported that the data systems conversion went well, and clients have adapted effectively to the new systems [91]

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, 2022 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) (State or other jurisdiction of ...

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, 2021 ☐ 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 1-15817 OLD NATIONAL BANCORP (Exact name of the Registrant as specified in its charter) Indiana 35-1539838 (State or other ju ...

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, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OLD NATIONAL BANCORP (Exact name of Registrant as specified in its charter) Indiana 35-1539838 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One ...

Old National Bancorp (NASDAQ:ONB) Q3 2021 Earnings Conference Call October 19, 2021 10:00 AM ET Company Participants Jim Ryan - Chairman and CEO Brendon Falconer - CFO James Sandgren - President and COO Conference Call Participants Ben Gerlinger - Hovde Group Scott Siefers - Piper Sandler Terry McEvoy - Stephens Chris McGratty - Keefe Bruyette & Woods Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed ...

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, 2021 ☐ 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 1-15817 OLD NATIONAL BANCORP (Exact name of Registrant as specified in its charter) Indiana 35-1539838 (State or other ju ...

Old National Bancorp (NASDAQ:ONB) Q2 2021 Earnings Conference Call July 20, 2021 9:00 AM ET Company Participants Jim Ryan - Chairman and CEO Brendon Falconer - CFO Daryl Moore - Chief Credit Executive James Sandgren - President and COO Conference Call Participants Ben Gerlinger - Hovde Group Scott Siefers - Piper Sandler Chris McGratty - Keefe Bruyette & Woods Terry McEvoy - Stephens, Inc Jon Arfstrom - RBC Capital Markets David Long - Raymond James Operator Welcome to the Old National Bancorp Second Quarte ...

| --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | Forward-Looking Statements This communication includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to Old National's future plans, objectives, performance, revenues, growth, profits, operating expenses or Old National's underlying assumptions; F ...

Old National Bancorp. (NASDAQ:ONB) Q4 2020 Earnings Conference Call January 19, 2021 10:00 AM ET Company Participants Jim Ryan - Chairman and Chief Executive Officer Brendon Falconer - Chief Financial Officer Daryl Moore - Chief Credit Executive James Sandgren - President and Chief Operating Officer Conference Call Participants Ben Gerlinger - Hovde Group Scott Siefers - Piper Sandler Chris McGratty - KBW Terry McEvoy - Stephen Jon Arfstrom - RBC Capital Markets David Long - Raymond James Operator Welcome t ...