OLD NATIONAL BANCORP /IN/

For the period ended Sep 30, 2026. Filed Oct 28, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 28, 2026

ONB$25.36+1.7%Stored close · as of Nov 9, 2026

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Contents

Financial Highlights

The following table sets forth certain financial highlights of Old National for the previous five quarters:

	Three Months Ended
(dollars and shares in thousands,except per share data)	September 30,	June 30,	March 31,	December 31,	September 30,
2026 · 2026 · 2026 · 2025 · 2025
Income Statement:
Net interest income	$584,287	$578,988	$572,573	$580,832	$574,609
Taxable equivalent adjustment (1) (3)	7,667	7,510	7,849	8,013	7,975
Net interest income - taxable equivalent basis (3)	591,954	586,498	580,422	588,845	582,584
Provision for credit losses	33,580	36,206	34,946	32,745	26,738
Noninterest income	128,446	153,564	122,346	109,759	130,461
Noninterest expense	355,380	372,161	364,704	386,320	445,734
Net income applicable to common shareholders	249,960	249,381	229,638	212,589	178,533
Per Common Share Data:
Weighted average diluted common shares	380,900	383,273	388,054	389,550	390,496
Net income (diluted)	$0.66	$0.65	$0.59	$0.55	$0.46
Cash dividends	0.145	0.145	0.145	0.14	0.14
Common dividend payout ratio (2)	22%	22%	25%	25%	30%
Book value	$21.26	$21.80	$21.40	$21.17	$20.64
Stock price	24.64	25.90	22.10	22.31	21.95
Tangible common book value (3)	13.77	14.32	13.93	13.71	13.15
Performance Ratios:
Return on average assets	1.37%	1.38%	1.29%	1.21%	1.03%
Return on average common equity	12.03	12.07	11.07	10.44	9.01
Return on average tangible common equity (3)	19.59	19.84	18.41	17.76	15.87
Net interest margin (3)	3.52	3.54	3.55	3.65	3.64
Efficiency ratio (3)	46.09	47.04	48.25	51.58	58.84
Net charge-offs to average loans	0.27	0.26	0.26	0.27	0.25
Allowance for credit losses on loans to ending loans	1.13	1.14	1.15	1.17	1.19
Allowance for credit losses (4) to ending loans	1.20	1.21	1.22	1.24	1.26
Non-performing loans to ending loans	0.92	0.91	1.03	1.07	1.23
Balance Sheet:
Total loans	$51,148,063	$50,772,584	$49,731,844	$48,764,162	$47,967,915
Total assets	74,423,980	74,189,417	73,002,651	72,151,967	71,210,162
Total deposits	57,639,107	56,146,770	55,672,472	55,088,195	55,006,184
Total borrowed funds	7,134,231	8,423,983	7,823,198	7,451,367	6,766,381
Total shareholders’ equity	8,295,211	8,583,843	8,510,653	8,494,788	8,309,271
Capital Ratios:
Risk-based capital ratios:
Tier 1 common equity	11.11%	11.09%	11.11%	11.08%	11.02%
Tier 1	11.54	11.53	11.56	11.53	11.49
Total	13.59	13.65	13.71	12.85	12.78
Leverage ratio (to average assets)	8.98	8.95	8.93	8.90	8.72
Total equity to assets (averages)	11.52	11.61	11.79	11.73	11.48
Tangible common equity to tangible assets (3)	7.28	7.68	7.67	7.72	7.53
Nonfinancial Data:
Full-time equivalent employees	4,894	4,914	4,948	4,971	5,243
Banking centers	346	346	346	346	351

(1)Calculated using the federal statutory tax rate in effect of 21% for all periods.

(2)Cash dividends per common share divided by net income per common share (basic).

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

(4)Includes the allowance for credit losses on loans and unfunded loan commitments.

The following table sets forth certain financial highlights of Old National for the year-to-date periods:

	Nine Months Ended September 30,
(dollars and shares in thousands, except per share data)	2026	2025
Income Statement:
Net interest income	$1,735,848	$1,477,042
Taxable equivalent adjustment (1) (3)	23,026	20,398
Net interest income - taxable equivalent basis (3)	1,758,874	1,497,440
Provision for credit losses	104,732	164,976
Noninterest income	404,356	356,772
Noninterest expense	1,092,245	1,098,971
Net income applicable to common shareholders	728,979	440,533
Per Common Share Data:
Weighted average diluted common shares	384,156	357,278
Net income (diluted)	$1.90	$1.23
Cash dividends	0.435	0.42
Common dividend payout ratio (2)	23%	34%
Book value	$21.26	$20.64
Stock price	24.64	21.95
Tangible common book value (3)	13.77	13.15
Performance Ratios:
Return on average assets	1.35%	0.95%
Return on average common equity	11.72	8.26
Return on average tangible common equity (3)	19.28	14.30
Net interest margin (3)	3.53	3.50
Efficiency ratio (3)	47.12	56.43
Net charge-offs to average loans	0.26	0.24
Allowance for credit losses on loans to ending loans	1.13	1.19
Allowance for credit losses (4) to ending loans	1.20	1.26
Non-performing loans to ending loans	0.92	1.23
Balance Sheet:
Total loans	$51,148,063	$47,967,915
Total assets	74,423,980	71,210,162
Total deposits	57,639,107	55,006,184
Total borrowed funds	7,134,231	6,766,381
Total shareholders’ equity	8,295,211	8,309,271
Capital Ratios:
Risk-based capital ratios:
Tier 1 common equity	11.11%	11.02%
Tier 1	11.54	11.49
Total	13.59	12.78
Leverage ratio (to average assets)	8.98	8.72
Total equity to assets (averages)	11.64	11.59
Tangible common equity to tangible assets (3)	7.28	7.53

(1)Calculated using the federal statutory tax rate in effect of 21% for all periods.

(2)Cash dividends per common share divided by net income per common share (basic).

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

(4)Includes the allowance for credit losses on loans and unfunded loan commitments.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.