Old National Bancorp (ONB) RBC Capital Markets Global Financial Institutions Conference 2025 summary

Company overview and strategy

• Celebrated 190 years, now approaching $70 billion in assets post-Bremer transaction.

• Expanded from Indiana to major Midwest markets, with Chicago and Twin Cities as largest.

• Focuses on traditional, disciplined banking, emphasizing community and organic growth.

• Maintains offensive strategy during economic disruptions, growing loans and deposits.

• Consistent top quartile profitability and organic growth through disciplined execution.

Economic outlook and loan growth

• No significant negative client impacts from tariffs or economic uncertainty observed.

• Midwest businesses remain resilient, adapting to challenges and continuing to grow.

• Loan growth guidance remains at 4%-6% for the year, with pipelines building.

• Loan growth is broad-based, with C&I outpacing CRE, and seasonality expected.

• Bremer CRE book sale flexibility provides additional tailwind for loan growth.

Bremer acquisition and integration

• Bremer deal expected to close mid-year, bringing pro forma assets to $70 billion.

• Integration progressing well, with performance exceeding conservative assumptions.

• Acquisition builds scale and density in key Midwest markets, especially Twin Cities.

• Regulatory relationships and readiness enabled swift deal execution.

• Bremer team and market presence seen as highly compatible and strategic.