Old National Bancorp (ONB) investor relations material

Strategic overview and recent performance

• Achieved record earnings in 2025, driven by the transformational Bremer partnership, solidifying a top-three market share in Minnesota and the Twin Cities.

• Entering 2026 with strong momentum, targeting approximately 15% earnings growth, high-teens ROTCE, sub-50% efficiency ratio, and 1.4% ROAA.

• Leadership transition with a new President and COO, Tim Burke, focusing on organic growth and talent development.

• Emphasis on relationship-driven banking, frequent market visits, and strong team connectivity as key differentiators.

• Resilience highlighted in navigating economic and geopolitical volatility, with optimism for continued success.

Economic and competitive environment

• Loan growth targets set at 4%-6% for the year, with industry trends supporting these expectations.

• Clients are adept at managing volatility; economic activity and pipelines are tracking well.

• Competitive lending environment across all markets and loan categories, with consistent credit standards maintained.

• Deposit competition remains high but rational, with funding markets reflecting decent asset growth.

Integration, growth, and innovation

• Bremer integration is in late stages, with successful systems integration and ongoing cultural alignment.

• Positive outlook for growth in new and existing markets, especially outside the Twin Cities.

• Actively building out treasury management and capital markets capabilities to serve larger clients.

• Wealth and mortgage businesses are growing steadily, with mid- to upper-single digit annual growth in wealth.

• Participation in the CariNext tokenized deposit network signals commitment to payment innovation.