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Investment Thesis for 2nd Quarter 2025

Old National (ONB) | August 15, 2025

By Xander Turner

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The materials contain forward-looking statements related to Old National's financial condition and business plans.

Risk factors include competition, regulatory changes, economic conditions, and operational risks.

Management's expectations for future events are subject to risks and uncertainties.

Forward-Looking Statements

Expressions of management's expectations for future events and the associated risks.

Non-GAAP Financial Measures

Old National's accounting policies adhere to U.S. generally accepted accounting principles.

  • Factors such as competition, regulatory changes, economic uncertainty, and operational risks may impact Old National's financial performance.
  • The integration challenges post-merger with Bremer Financial Corporation may affect cost savings and financial benefits.

Old National's investment thesis for the 2nd quarter emphasizes the importance of managing risks and uncertainties in a dynamic business environment.