Old National Bancorp (ONB) Investor presentation summary

Strategic objectives and business model

• Aims to be a top quartile performing basic bank, trusted by clients and valued as an employer, with a focus on empowering team members and community engagement.

• Prioritizes organic and capital growth over mergers and acquisitions, with a proven track record as an acquirer.

• Maintains a quality, low-cost deposit base and a granular, diversified loan portfolio.

• Emphasizes strong credit culture and diversified revenue streams.

Financial performance and profitability

• Achieved record adjusted EPS, net income, and efficiency ratio for full-year 2025.

• 4Q25 adjusted ROAA of 1.37% and adjusted ROATCE of 19.9%, with an adjusted efficiency ratio of 46.0%.

• Total loan and deposit growth of 5.1% and 4.9% YoY, respectively, excluding Bremer.

• Tangible book value per share up 15% YoY, with 2.2 million shares repurchased in 2025.

Balance sheet, capital, and liquidity

• Total assets of $72B, loans of $49B, and deposits of $55B as of 12/31/2025.

• CET1 capital ratio at 11.08%, TCE/TA at 7.72%, and loan-to-deposit ratio at 89%.

• Ample liquidity and capital, with tangible book value per share up 17% annualized vs. 3Q25.

• 75% of core deposits have tenure over 5 years; insured deposits exceed 70% of total.