OLD NATIONAL BANCORP /IN/ Business Summary

Old National Bancorp (NASDAQ: ONB) operates as a premier Midwest-based financial holding company, generating revenue primarily through net interest income from a diversified loan portfolio and noninterest income derived from wealth management, treasury services, and capital markets. The company’s business model is structured into three primary segments: Commercial Banking, which contributes approximately 65% of total revenue; Community Banking, focusing on retail and small business services; and Wealth Management, anchored by its high-net-worth division, 1834 Wealth. Following its transformational 2024-2025 merger with Bremer Financial, Old National has solidified its position as the sixth-largest commercial bank headquartered in the Midwest, managing approximately $72 billion in assets. It competes directly with regional peers such as Huntington Bancshares, Fifth Third Bancorp, Ameris Bancorp, and First Financial Bancorp, distinguishing itself by pairing the scale of a large regional player with the relationship-driven service model of a community bank. Leadership is spearheaded by Chairman and CEO James C. Ryan III, who joined the firm in 2005 and previously served as CFO after holding senior roles at Wells Fargo and Old Kent Financial. The executive team includes President and COO Timothy M. Burke, a veteran of KeyBank and National City; CFO John V. Moran IV; and Chief Information Officer Matt Keen, who joined in 2025 from Bremer Bank to lead the firm's digital modernization. Recent strategic additions include Joe Chasteen, appointed in February 2026 as Chief Revenue Enablement Officer to drive organic growth. The company is backed by a robust institutional investor base, including BlackRock, Vanguard, and FMR LLC, with the Otto Bremer Trust remaining a significant stakeholder following recent consolidation. The board features high-profile members such as former Indiana Lt. Governor Rebecca S. Skillman and Austin M. Ramirez, CEO of Husco International.