OLD NATIONAL BANCORP /IN/

Old National is the sixth largest commercial bank headquartered in the Midwest by asset size and ranks among the top 25 banking companies headquartered in the United States with consolidated assets of $74.4 billion at September 30, 2026. The Company’s corporate headquarters and principal executive office are located in Evansville, Indiana. Through our wholly owned banking subsidiary and non-bank affiliates, we provide a wide range of services primarily throughout the Midwest and Southeast regions of the United States. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services.

Net income applicable to common shares for the third quarter of 2026 was $250.0 million, or $0.66 per diluted common share, compared to $249.4 million, or $0.65 per diluted common share, for the second quarter of 2026.

Results for the third quarter of 2026 were impacted by $0.7 million in pre-tax merger-related expenses and a $0.9 million pre-tax gain associated with the settlement of the Bremer pension plan. Results for the second quarter of 2026 were impacted by $12.1 million of merger-related expenses and a $13.2 million pre-tax gain associated with the settlement of the Bremer pension plan. Excluding these items and realized debt securities gains, net income applicable to common shares for the third quarter of 2026 was $249.7 million, or $0.66 per diluted common share on an adjusted basis 1, compared to $250.4 million, or $0.65 per diluted common share on an adjusted basis 1, for the second quarter of 2026.

Our results for the third quarter of 2026 reflect growth in total loans and deposits, disciplined expense management, and strong credit quality and capital.

Deposits: Period-end total deposits increased $1.5 billion, or 11% annualized, to $57.6 billion at September 30, 2026 compared to June 30, 2026.

Loans: Our loan balances, excluding loans held-for-sale, increased $375.5 million, or 3% annualized, to $51.1 billion at September 30, 2026 compared to June 30, 2026 reflecting high quality commercial loan production.

Net Interest Income: Net interest income increased $5.3 million to $584.3 million compared to the second quarter of 2026 driven by high quality loan and deposit growth, partly offset by core deposit pricing and funding mix.

Provision for Credit Losses: Provision for credit losses was $33.6 million compared to $36.2 million in the second quarter of 2026.

Noninterest Income: Noninterest income was $128.4 million, or $127.5 million excluding a $0.9 million pre-tax gain associated with the settlement of the Bremer pension plan, compared to $153.6 million, or $140.4 million excluding a $13.2 million pre-tax gain associated with the settlement of the Bremer pension plan in the second quarter of 2026. Bank and wealth fees remained resilient as other income normalized from elevated levels in the second quarter of 2026 due to market value adjustments, higher company-owned life insurance income, and an asset recovery.

Noninterest Expense: Noninterest expense decreased $16.8 million compared to the second quarter of 2026. In the third quarter of 2026, noninterest expense included $0.7 million of merger-related expenses. In the second quarter of 2026, noninterest expense included $12.1 million of merger-related expenses. Excluding these expenses, noninterest expense was $354.7 million for the third quarter of 2026, a decrease of $5.4 million from $360.1 million for the second quarter of 2026 reflecting disciplined expense management.

(1)Represents a non-GAAP financial measure. Refer to “Non-GAAP Financial Measures” section for reconciliations to GAAP financial measures.