OLD NATIONAL BANCORP /IN/

For the period ended Oct 21, 2026. Filed Oct 21, 2026.

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Oct 21, 2026 · Filed Oct 21, 2026

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ONB$24.93-0.5%Stored close · as of Nov 6, 2026

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EX-99.1 · FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS

This earnings release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements made by us that are not statements of historical fact and constitute forward‐looking statements within the meaning of the Act. These statements include, but are not limited to, descriptions of Old National’s financial condition, results of operations, asset and credit quality trends, profitability and business plans or opportunities. Forward-looking statements can be identified by the use of words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "guidance," "intend," "may," "outlook," "plan," "potential," "predict," "should," "would," and "will," and other words of similar meaning. These forward-looking statements express management’s current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those in such statements, including, but not limited to: competition; government legislation, regulations and policies, including trade and tariff policies; the ability of Old National to execute its business plan; unanticipated changes in our liquidity position, including but not limited to changes in our access to sources of liquidity and capital to address our liquidity needs; changes in economic conditions and economic and business uncertainty which could materially impact credit quality trends and the ability to generate loans and gather deposits; inflation and governmental responses to inflation, including increasing interest rates; market, economic, operational, liquidity, credit, and interest rate risks associated with our business; our ability to successfully manage our credit risk and the sufficiency of our allowance for credit losses; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, the success of revenue-generating and cost reduction initiatives, and the diversion of management’s attention from ongoing business operations and opportunities; failure or circumvention of our internal controls; operational risks or risk management failures by us or critical third parties, including without limitation with respect to data processing, information systems, cybersecurity, technological changes, vendor issues, business interruption, and fraud risks; significant changes in accounting, tax or regulatory practices or requirements; new legal obligations or liabilities; disruptive technologies in payment systems and other services traditionally provided by banks; failure or disruption of our information systems; computer hacking and other cybersecurity threats; the effects of climate change on Old National and its customers, borrowers, or service providers; the impacts of pandemics, epidemics and other infectious disease outbreaks; other matters discussed in this earnings release; and other factors identified in our Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the SEC. These forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Old National does not undertake an obligation to update these forward-looking statements to reflect events or conditions after the date of this earnings release. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC.

CONTACTS:
Media: Scott Reinhard	Investors: Lynell Durchholz
(612) 716-0304	(812) 464-1366
Scott.Reinhard@oldnational.com	Lynell.Durchholz@oldnational.com

Financial Highlights (unaudited)
($ and shares in thousands, except per share data)
Three Months Ended · Nine Months Ended
	September 30,	June 30,	March 31,	December 31,	September 30,	September 30,	September 30,
	2026	2026	2026	2025	2025	2026	2025
Income Statement
Net interest income	$584,287	$578,988	$572,573	$580,832	$574,609	$1,735,848	$1,477,042
FTE adjustment1,3	7,667	7,510	7,849	8,013	7,975	23,026	20,398
Net interest income - tax equivalent basis3	591,954	586,498	580,422	588,845	582,584	1,758,874	1,497,440
Provision for credit losses	33,580	36,206	34,946	32,745	26,738	104,732	164,976
Noninterest income	128,446	153,564	122,346	109,759	130,461	404,356	356,772
Noninterest expense	355,380	372,161	364,704	386,320	445,734	1,092,245	1,098,971
Net income applicable to common shareholders	249,960	249,381	229,638	212,589	178,533	$728,979	440,533
Per Common Share Data
Weighted average diluted shares	380,900	383,273	388,054	389,550	390,496	384,156	357,278
EPS, diluted	$0.66	$0.65	$0.59	$0.55	$0.46	$1.90	$1.23
Cash dividends	0.145	0.145	0.145	0.140	0.140	0.44	0.42
Dividend payout ratio2	22%	22%	25%	25%	30%	23%	34%
Book value	$21.26	$21.80	$21.40	$21.17	$20.64	$21.26	$20.64
Stock price	24.64	25.90	22.10	22.31	21.95	24.64	21.95
Tangible book value3	13.77	14.32	13.93	13.71	13.15	13.77	13.15
Performance Ratios
ROAA	1.37%	1.38%	1.29%	1.21%	1.03%	1.35%	0.95%
ROAE	12.0%	12.1%	11.1%	10.4%	9.0%	11.7%	8.3%
ROATCE3	19.6%	19.8%	18.4%	17.8%	15.9%	19.3%	14.3%
NIM (FTE)3	3.52%	3.54%	3.55%	3.65%	3.64%	3.53%	3.50%
Efficiency ratio3	46.1%	47.0%	48.3%	51.6%	58.8%	47.1%	56.4%
NCOs to average loans	0.27%	0.26%	0.26%	0.27%	0.25%	0.26%	0.24%
ACL on loans to EOP loans	1.13%	1.14%	1.15%	1.17%	1.19%	1.13%	1.19%
ACL4 to EOP loans	1.20%	1.21%	1.22%	1.24%	1.26%	1.20%	1.26%
Nonaccrual loans to EOP loans	0.92%	0.91%	1.03%	1.07%	1.23%	0.92%	1.23%
Balance Sheet (EOP)
Total loans	$51,148,063	$50,772,584	$49,731,844	$48,764,162	$47,967,915	$51,148,063	$47,967,915
Total assets	74,423,980	74,189,417	73,002,651	72,151,967	71,210,162	74,423,980	71,210,162
Total deposits	57,639,107	56,146,770	55,672,472	55,088,195	55,006,184	57,639,107	55,006,184
Total borrowed funds	7,134,231	8,423,983	7,823,198	7,451,367	6,766,381	7,134,231	6,766,381
Total shareholders' equity	8,295,211	8,583,843	8,510,653	8,494,788	8,309,271	8,295,211	8,309,271
Risk-based capital ratios (EOP):
Tier 1 common equity	11.11%	11.09%	11.11%	11.08%	11.02%	11.11%	11.02%
Tier 1 capital	11.54%	11.53%	11.56%	11.53%	11.49%	11.54%	11.49%
Total capital	13.59%	13.65%	13.71%	12.85%	12.78%	13.59%	12.78%
Leverage ratio (average assets)	8.98%	8.95%	8.93%	8.90%	8.72%	8.98%	8.72%
Equity to assets (averages)	11.52%	11.61%	11.79%	11.73%	11.48%	11.64%	11.59%
TCE to TA	7.28%	7.68%	7.67%	7.72%	7.53%	7.28%	7.53%
Nonfinancial Data
Full-time equivalent employees	4,894	4,914	4,948	4,971	5,243	4,894	5,243
Banking centers	346	346	346	346	351	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 Measures" table for reconciliations to GAAP financial measures.
4 Includes the allowance for credit losses on loans and unfunded loan commitments.
September 30, 2026 capital ratios are preliminary.
FTE - Fully taxable equivalent basis ROAA - Return on average assets ROAE - Return on average equity ROATCE - Return on average tangible common equity NCOs - Net Charge-offs ACL - Allowance for Credit Losses EOP - End of period actual balances TCE - Tangible common equity TA - Tangible assets

Income Statement (unaudited)
($ and shares in thousands, except per share data)
Three Months Ended · Nine Months Ended
	September 30,	June 30,	March 31,	December 31,	September 30,	September 30,	September 30,
	2026	2026	2026	2025	2025	2026	2025
Interest income	$916,830	$894,391	$877,391	$897,301	$917,192	$2,688,612	$2,372,552
Less: interest expense	332,543	315,403	304,818	316,469	342,583	952,764	895,510
Net interest income	584,287	578,988	572,573	580,832	574,609	1,735,848	1,477,042
Provision for credit losses	33,580	36,206	34,946	32,745	26,738	104,732	164,976
Net interest income after provision for credit losses	550,707	542,782	537,627	548,087	547,871	1,631,116	1,312,066
Wealth and investment services fees	42,244	42,098	39,715	39,012	39,684	124,057	105,149
Service charges on deposit accounts	29,187	28,009	26,937	27,516	27,856	84,133	72,890
Debit card and ATM fees	13,325	13,092	12,038	13,178	13,197	38,455	36,110
Mortgage banking revenue	8,966	11,163	9,554	11,053	10,442	29,683	27,353
Capital markets income	12,348	12,329	11,016	13,080	12,629	35,693	24,249
Company-owned life insurance	7,326	8,531	7,561	7,099	7,565	23,418	19,571
Other income	15,045	38,376	15,450	(1,252)	19,081	68,871	71,560
Debt securities gains (losses), net	5	(34)	75	73	7	46	(110)
Total noninterest income	128,446	153,564	122,346	109,759	130,461	404,356	356,772
Salaries and employee benefits	180,018	184,765	184,073	187,251	211,345	548,856	561,762
Occupancy	34,784	33,452	36,995	35,243	34,442	105,231	93,927
Equipment	11,326	11,077	12,075	14,184	12,703	34,478	34,170
Marketing	16,462	15,601	16,434	14,418	15,093	48,497	40,792
Technology	27,529	29,630	29,025	30,882	36,122	86,184	89,594
Communication	6,323	6,130	6,196	6,726	7,742	18,649	16,890
Professional fees	12,260	10,735	12,356	18,454	13,598	35,351	43,448
FDIC assessment	13,243	13,592	13,756	11,190	14,095	40,591	37,204
Amortization of intangibles	23,331	23,992	25,623	26,016	26,184	72,946	52,644
Amortization of tax credit investments	8,131	7,807	7,111	9,822	7,057	23,049	16,296
Other expense	21,973	35,380	21,060	32,134	67,353	78,413	112,244
Total noninterest expense	355,380	372,161	364,704	386,320	445,734	1,092,245	1,098,971
Income before income taxes	323,773	324,185	295,269	271,526	232,598	943,227	569,867
Income tax expense	69,779	70,771	61,597	54,903	50,031	202,147	117,233
Net income	$253,994	$253,414	$233,672	$216,623	$182,567	$741,080	$452,634
Preferred dividends	(4,034)	(4,033)	(4,034)	(4,034)	(4,034)	(12,101)	(12,101)
Net income applicable to common shares	$249,960	$249,381	$229,638	$212,589	$178,533	$728,979	$440,533
EPS, diluted	$0.66	$0.65	$0.59	$0.55	$0.46	$1.90	$1.23
Weighted Average Common Shares Outstanding
Basic	379,250	381,864	385,849	387,862	389,038	382,297	355,307
Diluted	380,900	383,273	388,054	389,550	390,496	384,156	357,278
Common shares outstanding (EOP)	378,639	382,537	386,315	389,662	390,768	378,639	390,768

End of Period Balance Sheet (unaudited)
($ in thousands)
	September 30,	June 30,	March 31,	December 31,	September 30,
	2026	2026	2026	2025	2025
Assets
Cash and due from banks	$507,214	$588,654	$537,322	$591,645	$491,910
Money market and other interest-earning investments	1,171,814	1,179,526	1,216,826	1,234,532	1,190,707
Investments:
Treasury and government-sponsored agencies	2,312,713	2,358,509	2,371,903	2,427,371	2,402,375
Mortgage-backed securities	10,275,345	10,460,468	10,295,623	10,078,358	10,117,015
States and political subdivisions	1,393,309	1,442,703	1,454,444	1,570,888	1,579,802
Other securities	814,729	821,719	814,990	825,761	849,911
Total investments	14,796,096	15,083,399	14,936,960	14,902,378	14,949,103
Loans held-for-sale, at fair value	30,456	43,608	56,128	52,911	80,341
Loans:
Commercial	16,260,724	16,112,685	15,617,656	14,983,861	14,506,375
Commercial real estate	22,692,502	22,535,229	22,192,900	22,050,007	22,083,734
Residential real estate	8,770,515	8,760,832	8,621,409	8,467,496	8,190,127
Consumer	3,424,322	3,363,838	3,299,879	3,262,798	3,187,679
Total loans	51,148,063	50,772,584	49,731,844	48,764,162	47,967,915
Allowance for credit losses on loans	(579,658)	(580,511)	(574,358)	(569,520)	(572,178)
Premises and equipment, net	674,192	682,065	690,400	690,824	691,950
Goodwill and other intangible assets	2,839,096	2,862,427	2,886,419	2,907,986	2,926,960
Company-owned life insurance	1,058,220	1,053,333	1,054,824	1,051,009	1,044,780
Accrued interest receivable and other assets	2,778,487	2,504,332	2,466,286	2,526,040	2,438,674
Total assets	$74,423,980	$74,189,417	$73,002,651	$72,151,967	$71,210,162
Liabilities and Equity
Noninterest-bearing demand deposits	$12,847,561	$12,665,278	$12,927,096	$13,247,483	$12,691,658
Interest-bearing:
Checking and NOW accounts	11,177,144	11,129,286	10,969,731	10,740,919	11,162,121
Savings accounts	4,812,222	4,924,639	4,985,949	4,909,138	4,958,555
Money market accounts	17,949,816	16,936,441	16,871,237	16,529,631	17,032,446
Time deposits	10,852,364	10,491,126	9,918,459	9,661,024	9,161,404
Total deposits	57,639,107	56,146,770	55,672,472	55,088,195	55,006,184
Federal funds purchased and interbank borrowings	484	250,389	200,583	100,197	1
Securities sold under agreements to repurchase	240,698	265,301	264,518	261,366	277,594
Federal Home Loan Bank advances	5,484,611	6,520,296	6,026,801	6,237,375	5,663,361
Other borrowings	1,408,438	1,387,997	1,331,296	852,429	825,425
Total borrowed funds	7,134,231	8,423,983	7,823,198	7,451,367	6,766,381
Accrued expenses and other liabilities	1,355,431	1,034,821	996,328	1,117,617	1,128,326
Total liabilities	66,128,769	65,605,574	64,491,998	63,657,179	62,900,891
Preferred stock, common stock, surplus, and retained earnings	9,244,597	9,141,984	9,053,907	8,973,459	8,833,662
Accumulated other comprehensive income (loss), net of tax	(949,386)	(558,141)	(543,254)	(478,671)	(524,391)
Total shareholders' equity	8,295,211	8,583,843	8,510,653	8,494,788	8,309,271
Total liabilities and shareholders' equity	$74,423,980	$74,189,417	$73,002,651	$72,151,967	$71,210,162

Average Balance Sheet and Interest Rates (unaudited)
($ in thousands)
Three Months Ended · Three Months Ended · Three Months Ended
September 30, 2026 · June 30, 2026 · September 30, 2025
Average · Income1/ · Yield/ · Average · Income1/ · Yield/ · Average · Income1/ · Yield/
Earning Assets: · Balance · Expense · Rate · Balance · Expense · Rate · Balance · Expense · Rate
Money market and other interest-earning investments	$1,170,557		$10,979	3.72%		$1,212,043	$11,121	3.68%		$1,159,564	$12,207	4.18%
Investments:
Treasury and government-sponsored agencies	2,358,480		19,370	3.29%		2,349,871	18,993	3.23%		2,391,564	20,721	3.47%
Mortgage-backed securities	10,479,035		114,368	4.37%		10,428,343	111,157	4.26%		9,854,107	105,596	4.29%
States and political subdivisions	1,417,175		11,844	3.34%		1,450,389	12,017	3.31%		1,577,384	13,109	3.32%
Other securities	824,408		12,488	6.06%		828,774	12,395	5.98%		874,728	16,265	7.44%
Total investments	15,079,098		158,070	4.19%		15,057,377	154,562	4.11%		14,697,783	155,691	4.24%
Commercial	16,207,022		248,740	6.14%		15,792,290	238,663	6.05%		14,722,785	249,569	6.78%
Commercial real estate	22,660,192		346,840	6.12%		22,234,235	339,925	6.12%		21,999,016	356,014	6.47%
Residential real estate loans	8,800,325		104,378	4.74%		8,722,341	103,162	4.73%		8,287,155	95,129	4.59%
Consumer	3,383,853		55,490	6.51%		3,323,663	54,468	6.57%		3,166,508	56,557	7.09%
Total loans	51,051,392		755,448	5.92%		50,072,529	736,218	5.88%		48,175,464	757,269	6.28%
Total earning assets	$67,301,047		$924,497	5.49%		$66,341,949	$901,901	5.44%		$64,032,811	$925,167	5.78%
Less: Allowance for credit losses on loans	(592,670)				(580,550)			(566,102)
Non-earning Assets:
Cash and due from banks	$526,400				$545,346			$492,415
Other assets	7,040,733				6,991,436			7,177,663
Total assets	$74,275,510				$73,298,181			$71,136,787
Interest-Bearing Liabilities:
Checking and NOW accounts	$11,217,310		$52,484	1.86%		$11,106,289	$47,349	1.71%		$10,807,113	$52,301	1.92%
Savings accounts	4,878,272		3,071	0.25%		4,950,785	3,032	0.25%		5,009,293	3,866	0.31%
Money market accounts	17,085,773		104,643	2.43%		16,485,000	99,903	2.43%		17,007,426	125,717	2.93%
Time deposits	10,831,986		96,449	3.53%		10,145,661	87,220	3.45%		9,337,597	90,717	3.85%
Total interest-bearing deposits	44,013,341		256,647	2.31%		42,687,735	237,504	2.23%		42,161,429	272,601	2.57%
Federal funds purchased and interbank borrowings	9,668		90	3.69%		42,228	391	3.71%		157,192	1,816	4.58%
Securities sold under agreements to repurchase	258,721		577	0.88%		257,217	561	0.87%		289,323	731	1.00%
Federal Home Loan Bank advances	6,068,074		59,292	3.88%		6,561,147	61,744	3.77%		5,552,780	57,143	4.08%
Other borrowings	1,449,183		15,937	4.36%		1,360,976	15,203	4.48%		871,996	10,292	4.68%
Total borrowed funds	7,785,646		75,896	3.87%		8,221,568	77,899	3.80%		6,871,291	69,982	4.04%
Total interest-bearing liabilities	$51,798,987		$332,543	2.55%		$50,909,303	$315,403	2.48%		$49,032,720	$342,583	2.77%
Noninterest-Bearing Liabilities and Shareholders' Equity:
Demand deposits	$12,837,453				$12,860,401			$12,731,654
Other liabilities	1,083,626				1,020,272			1,203,838
Shareholders' equity	8,555,444				8,508,205			8,168,575
Total liabilities and shareholders' equity	$74,275,510				$73,298,181			$71,136,787
Net interest rate spread			2.94%			2.96%		3.01%
Net interest margin (GAAP)			3.47%			3.49%		3.59%
Net interest margin (FTE)3			3.52%			3.54%		3.64%
FTE adjustment		$7,667				$7,510			$7,975
1 Interest income is reflected on a FTE basis.
2 Includes loans held-for-sale.
3 Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.

Average Balance Sheet and Interest Rates (unaudited)
($ in thousands)
Nine Months Ended · Nine Months Ended
September 30, 2026 · September 30, 2025
Average · Income1/ · Yield/ · Average · Income1/ · Yield/
Earning Assets: · Balance · Expense · Rate · Balance · Expense · Rate
Money market and other interest-earning investments	$1,199,047		$33,044	3.68%		$1,126,460	$35,813	4.25%
Investments:
Treasury and government-sponsored agencies	2,375,485		57,484	3.23%		2,369,307	61,560	3.46%
Mortgage-backed securities	10,392,449		332,990	4.27%		8,249,480	247,853	4.01%
States and political subdivisions	1,463,885		36,402	3.32%		1,594,912	39,753	3.32%
Other securities	830,985		38,260	6.14%		872,430	42,547	6.50%
Total investments	$15,062,804		$465,136	4.12%		$13,086,129	$391,713	3.99%
Commercial	15,771,532		720,843	6.09%		12,803,059	634,610	6.61%
Commercial real estate	22,319,323		1,022,713	6.11%		19,432,867	918,371	6.30%
Residential real estate loans	8,686,561		306,493	4.70%		7,636,955	251,629	4.39%
Consumer	3,326,422		163,409	6.57%		3,030,102	160,814	7.10%
Total loans	50,103,838		2,213,458	5.89%		42,902,983	1,965,424	6.11%
Total earning assets	$66,365,689		$2,711,638	5.45%		$57,115,572	$2,392,950	5.59%
Less: Allowance for credit losses on loans	(582,180)				(457,192)
Non-earning Assets:
Cash and due from banks	$540,143				$430,891
Other assets	7,025,532				6,331,698
Total assets	$73,349,184				$63,420,969
Interest-Bearing Liabilities:
Checking and NOW accounts	$11,097,532		$146,128	1.76%		$9,512,075	$123,627	1.74%
Savings accounts	4,916,410		9,114	0.25%		4,891,083	11,251	0.31%
Money market accounts	16,706,478		304,502	2.44%		14,697,398	328,533	2.99%
Time deposits	10,246,260		267,738	3.49%		8,215,063	239,773	3.90%
Total interest-bearing deposits	42,966,680		727,482	2.26%		37,315,619	703,184	2.52%
Federal funds purchased and interbank borrowings	18,532		504	3.64%		131,341	4,394	4.47%
Securities sold under agreements to repurchase	258,927		1,732	0.89%		286,137	1,918	0.90%
Federal Home Loan Bank advances	6,310,172		179,088	3.79%		5,355,597	158,081	3.95%
Other borrowings	1,328,586		43,958	4.42%		792,708	27,933	4.71%
Total borrowed funds	7,916,217		225,282	3.80%		6,565,783	192,326	3.92%
Total interest-bearing liabilities	50,882,897		952,764	2.50%		43,881,402	895,510	2.73%
Noninterest-Bearing Liabilities and Shareholders' Equity:
Demand deposits	$12,862,492				$11,145,709
Other liabilities	1,067,798				1,041,715
Shareholders' equity	8,535,997				7,352,143
Total liabilities and shareholders' equity	$73,349,184				$63,420,969
Net interest rate spread			2.95%			2.86%
Net interest margin (GAAP)			3.49%			3.45%
Net interest margin (FTE)3			3.53%			3.50%
FTE adjustment		$23,026				$20,398
1 Interest income is reflected on a FTE.
2 Includes loans held-for-sale.
3 Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.

Asset Quality (EOP) (unaudited)
($ in thousands)
Three Months Ended · Nine Months Ended
	September 30,	June 30,	March 31,	December 31,	September 30,	September 30,	September 30,
	2026	2026	2026	2025	2025	2026	2025
Allowance for credit losses:
Beginning allowance for credit losses on loans	$580,511	$574,358	$569,520	$572,178	$565,109	$569,520	$392,522
Allowance established for acquired PCD loans	—	—	—	—	13,104	—	103,546
Provision for credit losses on loans	33,237	38,400	36,854	29,450	24,003	108,491	154,292
Gross charge-offs	(48,275)	(41,540)	(37,307)	(35,131)	(35,402)	(127,122)	(89,896)
Gross recoveries	14,185	9,293	5,291	3,023	5,364	28,769	11,714
NCOs	(34,090)	(32,247)	(32,016)	(32,108)	(30,038)	(98,353)	(78,182)
Ending allowance for credit losses on loans	$579,658	$580,511	$574,358	$569,520	$572,178	$579,658	$572,178
Beginning allowance for credit losses on unfunded commitments	$31,531	$33,725	$35,633	$32,338	$29,603	$35,633	$21,654
Provision (release) for credit losses on unfunded commitments	343	(2,194)	(1,908)	3,295	2,735	(3,759)	10,684
Ending allowance for credit losses on unfunded commitments	$31,874	$31,531	$33,725	$35,633	$32,338	$31,874	$32,338
Allowance for credit losses	$611,532	$612,042	$608,083	$605,153	$604,516	$611,532	$604,516
Provision for credit losses on loans	$33,237	$38,400	$36,854	$29,450	$24,003	$108,491	$154,292
Provision (release) for credit losses on unfunded commitments	343	(2,194)	(1,908)	3,295	2,735	(3,759)	10,684
Provision for credit losses	$33,580	$36,206	$34,946	$32,745	$26,738	$104,732	$164,976
NCOs / average loans1	0.27%	0.26%	0.26%	0.27%	0.25%	0.26%	0.24%
Average loans1	$51,040,909	$50,062,552	$49,157,096	$48,199,086	$48,153,186	$50,093,753	$42,881,049
EOP loans1	51,148,063	50,772,584	49,731,844	48,764,162	47,967,915	51,148,063	47,967,915
ACL on loans / EOP loans1	1.13%	1.14%	1.15%	1.17%	1.19%	1.13%	1.19%
ACL / EOP loans1	1.20%	1.21%	1.22%	1.24%	1.26%	1.20%	1.26%
Underperforming Assets:
Loans 90 days and over (still accruing)	$4,079	$6,832	$4,407	$2,691	$1,525	$4,079	$1,525
Nonaccrual loans	470,196	461,702	511,959	521,245	590,820	470,196	590,820
Foreclosed assets	2,885	3,374	5,786	6,235	6,325	2,885	6,325
Total underperforming assets	$477,160	$471,908	$522,152	$530,171	$598,670	$477,160	$598,670
Classified and Criticized Assets:
Nonaccrual loans	$470,196	$461,702	$511,959	$521,245	$590,820	$470,196	$590,820
Substandard loans (still accruing)	1,737,688	1,918,721	1,881,374	1,759,221	1,881,294	1,737,688	1,881,294
Loans 90 days and over (still accruing)	4,079	6,832	4,407	2,691	1,525	4,079	1,525
Total classified loans - "problem loans"	2,211,963	2,387,255	2,397,740	2,283,157	2,473,639	2,211,963	2,473,639
Other classified assets	6,861	7,960	20,620	20,616	35,373	6,861	35,373
Special Mention	608,806	705,154	804,028	805,901	893,109	608,806	893,109
Total classified and criticized assets	$2,827,630	$3,100,369	$3,222,388	$3,109,674	$3,402,121	$2,827,630	$3,402,121
Loans 30-89 days past due (still accruing)	$126,202	$140,428	$114,038	$105,632	$83,030	$126,202	$83,030
Nonaccrual loans / EOP loans1	0.92%	0.91%	1.03%	1.07%	1.23%	0.92%	1.23%
ACL / nonaccrual loans	130%	133%	119%	116%	102%	130%	102%
Under-performing assets/EOP loans1	0.93%	0.93%	1.05%	1.09%	1.25%	0.93%	1.25%
Under-performing assets/EOP assets	0.64%	0.64%	0.72%	0.73%	0.84%	0.64%	0.84%
30+ day delinquencies/EOP loans1	0.25%	0.29%	0.24%	0.22%	0.18%	0.25%	0.18%
1 Excludes loans held-for-sale.

Non-GAAP Measures (unaudited)
($ and shares in thousands, except per share data)
Three Months Ended · Nine Months Ended
	September 30,	June 30,	March 31,	December 31,	September 30,	September 30,	September 30,
	2026	2026	2026	2025	2025	2026	2025
Earnings Per Share:
Net income applicable to common shares	$249,960	$249,381	$229,638	$212,589	$178,533	$728,979	$440,533
Adjustments:
Pension plan loss (gain)	(893)	(13,240)	—	15,878	—	(14,133)	(21,001)
Tax effect1	160	2,890	—	(3,814)	—	3,050	5,778
Pension plan loss (gain), net	(733)	(10,350)	—	12,064	—	(11,083)	(15,223)
Merger-related charges	689	12,109	7,323	24,547	69,274	20,121	116,336
Tax effect1	(199)	(792)	(1,810)	(5,896)	(16,494)	(2,801)	(28,921)
Merger-related charges, net	490	11,317	5,513	18,651	52,780	17,320	87,415
Debt securities (gains) losses	(5)	34	(75)	(73)	(7)	(46)	110
Tax effect1	1	(7)	19	18	2	12	(24)
Debt securities (gains) losses, net	(4)	27	(56)	(55)	(5)	(34)	86
Distribution of excess pension assets	—	—	3,394	—	—	3,394	—
Tax effect1	—	—	(839)	—	—	(839)	—
Distribution of excess pension assets, net	—	—	2,555	—	—	2,555	—
FDIC special assessment	—	—	—	(2,994)	—	—	—
Tax effect1	—	—	—	719	—	—	—
FDIC special assessment, net	—	—	—	(2,275)	—	—	—
CECL Day 1 non-PCD provision expense	—	—	—	—	—	—	75,604
Tax effect1	—	—	—	—	—	—	(20,802)
CECL Day 1 non-PCD provision expense, net	—	—	—	—	—	—	54,802
Total adjustments, net	(247)	994	8,012	28,385	52,775	8,758	127,080
Net income applicable to common shares, adjusted	$249,713	$250,375	$237,650	$240,974	$231,308	$737,737	$567,613
Weighted average diluted common shares outstanding	380,900	383,273	388,054	389,550	390,496	384,156	357,278
EPS, diluted	$0.66	$0.65	$0.59	$0.55	$0.46	$1.90	$1.23
Adjusted EPS, diluted	$0.66	$0.65	$0.61	$0.62	$0.59	$1.92	$1.59
NIM:
Net interest income	$584,287	$578,988	$572,573	$580,832	$574,609	$1,735,848	$1,477,042
Add: FTE adjustment2	7,667	7,510	7,849	8,013	7,975	23,026	20,398
Net interest income (FTE)	$591,954	$586,498	$580,422	$588,845	$582,584	$1,758,874	$1,497,440
Average earning assets	$67,301,047	$66,341,949	$65,433,548	$64,456,815	$64,032,811	$66,365,689	$57,115,572
NIM (GAAP)	3.47%	3.49%	3.50%	3.60%	3.59%	3.49%	3.45%
NIM (FTE)	3.52%	3.54%	3.55%	3.65%	3.64%	3.53%	3.50%
Refer to last page of Non-GAAP reconciliations for footnotes.

Non-GAAP Measures (unaudited)
($ in thousands)
Three Months Ended · Nine Months Ended
	September 30,	June 30,	March 31,	December 31,	September 30,	September 30,	September 30,
	2026	2026	2026	2025	2025	2026	2025
PPNR:
Net interest income (FTE)2	$591,954	$586,498	$580,422	$588,845	$582,584	$1,758,874	$1,497,440
Add: Noninterest income	128,446	153,564	122,346	109,759	130,461	404,356	356,772
Total revenue (FTE)	720,400	740,062	702,768	698,604	713,045	2,163,230	1,854,212
Less: Noninterest expense	(355,380)	(372,161)	(364,704)	(386,320)	(445,734)	(1,092,245)	(1,098,971)
PPNR	$365,020	$367,901	$338,064	$312,284	$267,311	$1,070,985	$755,241
Adjustments:
Pension plan loss (gain)	$(893)	$(13,240)	$—	$15,878	$—	$(14,133)	$(21,001)
Debt securities (gains) losses	(5)	34	(75)	(73)	(7)	(46)	110
Noninterest income adjustments	(898)	(13,206)	(75)	15,805	(7)	(14,179)	(20,891)
Adjusted noninterest income	127,548	140,358	122,271	125,564	130,454	390,177	335,881
Adjusted revenue	$719,502	$726,856	$702,693	$714,409	$713,038	$2,149,051	$1,833,321
Adjustments:
Merger-related charges	$689	$12,109	$7,323	$24,547	$69,274	$20,121	$116,336
FDIC Special Assessment	—	—	—	(2,994)	—	—	—
Distribution of excess pension assets	—	—	3,394	—	—	3,394	—
Noninterest expense adjustments	689	12,109	10,717	21,553	69,274	23,515	116,336
Adjusted total noninterest expense	(354,691)	(360,052)	(353,987)	(364,767)	(376,460)	(1,068,730)	(982,635)
Adjusted PPNR	$364,811	$366,804	$348,706	$349,642	$336,578	$1,080,321	$850,686
Efficiency Ratio:
Noninterest expense	$355,380	$372,161	$364,704	$386,320	$445,734	$1,092,245	$1,098,971
Less: Amortization of intangibles	(23,331)	(23,992)	(25,623)	(26,016)	(26,184)	(72,946)	(52,644)
Noninterest expense, excl. amortization of intangibles	332,049	348,169	339,081	360,304	419,550	1,019,299	1,046,327
Less: Amortization of tax credit investments	(8,131)	(7,807)	(7,111)	(9,822)	(7,057)	(23,049)	(16,296)
Less: Noninterest expense adjustments	(689)	(12,109)	(10,717)	(21,553)	(69,274)	(23,515)	(116,336)
Adjusted noninterest expense, excluding amortization	$323,229	$328,253	$321,253	$328,929	$343,219	$972,735	$913,695
Total revenue (FTE)2	$720,400	$740,062	$702,768	$698,604	$713,045	$2,163,230	$1,854,212
Less: Debt securities (gains) losses	(5)	34	(75)	(73)	(7)	(46)	110
Less: Pension plan loss (gain)	(893)	(13,240)	—	15,878	—	(14,133)	(21,001)
Total adjusted revenue	$719,502	$726,856	$702,693	$714,409	$713,038	$2,149,051	$1,833,321
Efficiency Ratio	46.1%	47.0%	48.3%	51.6%	58.8%	47.1%	56.4%
Adjusted Efficiency Ratio	44.9%	45.2%	45.7%	46.0%	48.1%	45.3%	49.8%
Refer to last page of Non-GAAP reconciliations for footnotes.

Non-GAAP Measures (unaudited)
($ in thousands)
Three Months Ended · Nine Months Ended
	September 30,	June 30,	March 31,	December 31,	September 30,	September 30,	September 30,
	2026	2026	2026	2025	2025	2026	2025
ROAE and ROATCE:
Net income applicable to common shares	$249,960	$249,381	$229,638	$212,589	$178,533	$728,979	$440,533
Amortization of intangibles	23,331	23,992	25,623	26,016	26,184	72,946	52,644
Tax effect1	(5,833)	(5,998)	(6,406)	(6,504)	(6,546)	(18,237)	(13,161)
Amortization of intangibles, net	17,498	17,994	19,217	19,512	19,638	54,709	39,483
Net income applicable to common shares, excluding intangibles amortization	267,458	267,375	248,855	232,101	198,171	783,688	480,016
Total adjustments, net (see pg.12)	(247)	994	8,012	28,385	52,775	8,758	127,080
Adjusted net income applicable to common shares, excluding intangibles amortization	$267,211	$268,369	$256,867	$260,486	$250,946	$792,446	$607,096
Average shareholders' equity	$8,555,444	$8,508,205	$8,544,220	$8,391,067	$8,168,575	$8,535,997	$7,352,143
Less: Average preferred equity	(243,719)	(243,719)	(243,719)	(243,719)	(243,719)	(243,719)	(243,719)
Average shareholders' common equity	$8,311,725	$8,264,486	$8,300,501	$8,147,348	$7,924,856	$8,292,278	$7,108,424
Average goodwill and other intangible assets	(2,850,422)	(2,873,898)	(2,894,824)	(2,919,924)	(2,931,319)	(2,872,886)	(2,633,858)
Average tangible shareholder's common equity	$5,461,303	$5,390,588	$5,405,677	$5,227,424	$4,993,537	$5,419,392	$4,474,566
ROAE	12.0%	12.1%	11.1%	10.4%	9.0%	11.7%	8.3%
ROAE, adjusted	12.0%	12.1%	11.5%	11.8%	11.7%	11.9%	10.6%
ROATCE	19.6%	19.8%	18.4%	17.8%	15.9%	19.3%	14.3%
ROATCE, adjusted	19.6%	19.9%	19.0%	19.9%	20.1%	19.5%	18.1%
Refer to last page of Non-GAAP reconciliations for footnotes.

Non-GAAP Measures (unaudited)
($ in thousands)
	As of
	September 30,	June 30,	March 31,	December 31,	September 30,
	2026	2026	2026	2025	2025
Tangible Common Equity:
Shareholders' equity	$8,295,211	$8,583,843	$8,510,653	$8,494,788	$8,309,271
Less: Preferred equity	(243,719)	(243,719)	(243,719)	(243,719)	(243,719)
Shareholders' common equity	$8,051,492	$8,340,124	$8,266,934	$8,251,069	$8,065,552
Less: Goodwill and other intangible assets	(2,839,096)	(2,862,427)	(2,886,419)	(2,907,986)	(2,926,960)
Tangible shareholders' common equity	$5,212,396	$5,477,697	$5,380,515	$5,343,083	$5,138,592
Total assets	$74,423,980	$74,189,417	$73,002,651	$72,151,967	$71,210,162
Less: Goodwill and other intangible assets	(2,839,096)	(2,862,427)	(2,886,419)	(2,907,986)	(2,926,960)
Tangible assets	$71,584,884	$71,326,990	$70,116,232	$69,243,981	$68,283,202
Risk-weighted assets3	$56,350,807	$55,349,162	$54,283,745	$53,617,620	$52,515,468
Tangible common equity to tangible assets	7.28%	7.68%	7.67%	7.72%	7.53%
Tangible common equity to risk-weighted assets3	9.25%	9.90%	9.91%	9.97%	9.78%
Tangible Common Book Value:
Common shares outstanding	378,639	382,537	386,315	389,662	390,768
Tangible common book value	$13.77	$14.32	$13.93	$13.71	$13.15
1 Tax-effect calculations use management's estimate of the full year FTE tax rates (federal + state).
2 Calculated using the federal statutory tax rate in effect of 21% for all periods.
3 September 30, 2026 figures are preliminary.

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