Old National Bancorp (ONB) investor relations material

Executive summary

• Record 3Q26 net income of $254 million; net income applicable to common shares was $250.0 million and diluted EPS was $0.66. Adjusted EPS was also $0.66.

• Record adjusted efficiency ratio of 44.9%; positive operating leverage continued for an eighth consecutive quarter.

• Loan and deposit growth supported balance-sheet expansion and lower wholesale borrowings; credit metrics remained in normalized ranges.

Financial highlights

• FTE net interest income was $592.0 million, up 1% QoQ and 2% YoY; FTE net interest margin was 3.52%, down 2 bps QoQ.

• GAAP net interest income was $584.3 million, up 1.7% YoY; provision for credit losses was $33.6 million, up 25.6% YoY.

• Adjusted noninterest income was $128.4 million; adjusted noninterest expense was $354.7 million, down from $360.1 million in Q2.

• Total revenue (FTE) was $720 million; net income applicable to common shares rose 40.0% YoY to $250.0 million and diluted EPS rose 43.5% to $0.66.

Outlook and guidance

• FY26 guidance targets >15% YoY EPS growth, positive operating leverage and 6%-8% end-period loan growth; 4Q growth is expected to put loans near the lower end of the annual range.

• FTE NII guidance remains ~$2.4 billion ±2%; FY NII is expected near the lower end of its range, with 4Q NII dollars expected to rise from 3Q.

• FY26 noninterest income guidance is $515-$525 million and noninterest expense guidance is $1.435-$1.455 billion; expense is expected near the lower end, with 4Q expense rising on hiring and normal year-end items.

• FY26 net charge-off guidance is 0.25%-0.30%; provision guidance is $135-$145 million. Assumptions include no Fed rate actions in 4Q26 and competitive deposit pricing.