8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 27, 2015

OLD NATIONAL BANCORP

(Exact name of Registrant as specified in its charter)

Indiana	001-15817	35-1539838
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One Main Street Evansville, Indiana	47708
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (812) 464-1294

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On July 27, 2015, Old National Bancorp (the “Company”) issued a press release (“Press Release”) reporting its financial results for the second quarter of 2015. The Press Release is included as Exhibit 99.1 hereto and is incorporated herein by reference. The Company also released the financial trends including its second-quarter results. The financial trends are included as Exhibit 99.2 hereto and are incorporated herein by reference. In connection therewith, a slide presentation outlining second-quarter earnings, recent strategic developments and the Company’s financial outlook will be available on the Company’s website to complement the conference call to be held on July 27, 2015, at 10:00 a.m. CDT and will be accessible at http://www.oldnational.com before the conference call begins.

Item 8.01 Other Events.

The Company also announced in the Press Release that the Company’s Board of Directors declared a quarterly cash dividend of $0.12 per common share. The dividend is payable on September 15, 2015, to shareholders of record on September 1, 2015. For purposes of broker trading, the ex-date of the cash dividend is August 28, 2015.

On July 23, 2015, the Board of Directors of the Company approved the adoption of a new stock repurchase plan to replace the stock repurchase plan previously adopted on October 23, 2014 which superseded the plan adopted on January 23, 2014. Under the new plan, the Company is authorized to purchase up to 7.0 million shares of the Company’s common stock through January 31, 2016. These shares may be purchased from time to time in either the open market or in privately negotiated transactions, in accordance with SEC regulations. A total of approximately 6.0 million shares of the Company’s common stock have been repurchased since January 2014.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following exhibits are furnished herewith:

Exhibit No.	Description
99.1	Press Release issued by Old National Bancorp on July 27, 2015
99.2	Financial Trends issued by Old National Bancorp on July 27, 2015

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 27, 2015

OLD NATIONAL BANCORP
By:	/s/ Christopher A. Wolking
	Christopher A. Wolking
	Senior Executive Vice President and Chief Financial Officer

3

Exhibit Index

Exhibit No.	Description
99.1	Press Release issued by Old National Bancorp on July 27, 2015
99.2	Financial Trends issued by Old National Bancorp on July 27, 2015

4

EX-99.1

Exhibit 99.1

NASDAQ: ONB

oldnational.com

FOR IMMEDIATE RELEASE July 27, 2015	Contacts:
	Media:
	Kathy A. Schoettlin – (812) 465-7269
	Executive Vice President – Communications
	Financial Community:
	Lynell J. Walton – (812) 464-1366
	Senior Vice President – Investor Relations

Old National Bancorp’s 2^nd quarter highlighted by 7.0% annualized loan growth and stable net interest margin

2^ND QUARTER HIGHLIGHTS:

• Earnings of $26.2 million, or $.22 per common share

• Adjusted net income¹ of $29.8 million, or $.25 per share

• Loan growth of $120.7 million, or 7.0% annualized, over 1Q15

• Stable Net Interest Margin

• Efficiency initiatives remain on track

¹  Adjusted net income is a non-GAAP measure – refer to Table 1 for non-GAAP reconciliation

Evansville, Ind. (July 27, 2015) – Today Old National Bancorp (the “Company” or “Old National”) (NASDAQ: ONB) reported 2^nd quarter 2015 net income of $26.2 million, or $.22 per share. These reported quarterly results compare to net income of $20.9 million in the 1st quarter of 2015 and $18.8 million recorded in the 2^nd quarter of 2014.

Impacting 2^nd quarter 2015 results were charges relating to several strategic initiatives aimed at improving the long-term operating leverage of the Company. These 2^nd quarter pre-tax charges include $1.5 million of merger and integration expenses as well as $4.0 million relating to branch consolidations and pending sales. Excluding the impact of these pre-tax items, Old National would have reported net income of $29.8 million, or $.25 per share.

Also today the Company announced its quarterly cash dividend of $.12 per share. The dividend is payable September 15, 2015, to shareholders of record on September 1, 2015. For purposes of broker trading, the ex-date of the cash dividend is August 28, 2015.

“We’re very pleased to report a successful quarter highlighted by $120.7 million in loan growth, stable net interest margin and the completion of our recently announced banking center consolidations,” said President & CEO Bob Jones. “As we move into the 2^nd half of 2015, we remain keenly focused on organic revenue growth and on completing our operating efficiency initiatives.”

Committed to our Strategic Imperatives and 2015 Initiatives

Old National’s continued steady performance and strong credit and capital positions can be attributed to the Company’s unwavering commitment to the three strategic imperatives that have guided Old National for 10 years:

1. Strengthen the risk profile; 2. Enhance management discipline; and 3. Achieve consistent quality earnings.

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Guided by these three strategic imperatives, Old National’s primary initiatives for 2015 are: 1. Continue to grow organic revenue; 2. Improve operating leverage; and 3. Prudent use of capital, all while maintaining a strong credit culture.

Grow Organic Revenue

Balance Sheet and Net Interest Margin

Total period-end loans, including loans held for sale, at June 30, 2015, increased $120.7 million to $6.984 billion from $6.863 billion at March 31, 2015. The Indianapolis market, the Kalamazoo, Michigan market and the Louisville, Kentucky market were the best producing regions, increasing $25.3 million, $22.7 million and $21.1 million, respectively, over March 31, 2015, loan balances.

At June 30, 2015, total core deposits, including demand and interest-bearing deposits, decreased $102.9 million to $8.763 billion, compared to the $8.866 billion at March 31, 2015. On average, total core deposits increased $35.8 million to $8.822 billion during the 2^nd quarter of 2015 compared to $8.786 billion during the 1^st quarter of 2015.

Net interest income was $92.1 million in the 2^nd quarter of 2015 compared to $91.0 million in the 1^st quarter of 2015, and $84.5 million in the 2^nd quarter of 2014. Net interest income on a fully taxable equivalent basis was $96.9 million for the 2^nd quarter of 2015 and represented a net interest margin on total average earning assets of 3.75%. These results compare to net interest income on a fully taxable equivalent basis of $95.7 million and a margin of 3.70% in the 1^st quarter of 2015. In the 2^nd quarter of 2014, Old National reported net interest income on a fully taxable equivalent basis of $88.7 million and a margin of 4.07%. Refer to Tables A, B and C for Non-GAAP taxable equivalent reconciliations.

As part of net interest income, Old National recorded $15.6 million, or a 60 basis point contribution to net interest margin, in accretion income in the 2^nd quarter of 2015 related to purchase accounting discounts from various acquisitions. Of this amount, the contributions from Tower Financial Corporation, United Bancorp, Inc., LSB Financial Corp. and Founders were $2.7 million, $2.9 million, $1.0 million and $1.4 million, respectively. Acquisitions of Tower, United, LSB and Founders were closed in the 2^nd, 3^rd, and 4^th quarters of 2014 and the 1^st quarter of 2015, respectively. Total accretion income in the 1^st quarter of 2015 and the 2^nd quarter of 2014 reported by Old National was $14.6 million, or a 56 basis point net interest margin contribution, and $17.6 million, or an 81 basis point net interest margin contribution, respectively. Excluding this accretion income, the net interest margin would have been 3.15%, 3.14% and 3.26%, for the 2^nd quarter of 2015, the 1^st quarter of 2015 and the 2^nd quarter of 2014, respectively.

Fees, Service Charges and Other Revenue

Total fees, service charges and other revenue represent an important component of Old National’s revenue stream and amounted to $54.4 million for the 2^nd quarter of 2015. This compares to $52.6 million in the 1^st quarter of 2015 and $37.9 million in the 2^nd quarter of 2014. The current quarter contained a $1.5 million unfavorable change in the indemnification asset relating to the 2011 FDIC-assisted acquisition of Integra Bank, compared to unfavorable changes of $1.0 million and $10.5 million recorded in the 1^st quarter of 2015 and the 2^nd quarter of 2014, respectively. Also included in the 2^nd quarter is a $2.0 million gain on the sale of property in the Company’s Bloomington, Indiana market. The 1^st quarter of 2015 also included $2.1 million of seasonal insurance contingency income, compared to virtually none in the 2^nd quarter of 2015 and the 2^nd quarter of 2014.

Improve Operating Leverage

Total noninterest expenses recorded in the 2^nd quarter of 2015 were $109.7 million compared to $116.2 million in the 1^st quarter of 2015 and $98.1 million recorded in the 2^nd quarter of 2014. Included in 2^nd quarter 2015 are $1.5 million in merger and integration charges. Also included in Old National’s 2^nd quarter 2015 noninterest expenses were charges relating to strategic actions the Company believes should improve the operating leverage of the franchise. These charges include $4.0 million for various branch sales and consolidations. Specifically during the 2^nd quarter of 2015, Old National consolidated 16 branches throughout its franchise. The Company is also finalizing the sales of 17 branches, in two separate transactions, which are anticipated to close in the 3^rd quarter of 2015. The 1^st quarter of 2015 contained $4.0 million in merger and integration charges, $4.4 million in severance for an early retirement program and other workforce reductions and $2.6 million related to the branch sales and consolidations. Also impacting year-over-year

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comparisons are the operational costs associated with the Tower, LSB, United and Founders acquisitions, which closed in April, July and November of 2014, and January of 2015, respectively, adding an additional 34 branches to the Old National franchise.

Prudent Use of Capital

Maintaining a strong capital position continues to be a top priority for Old National. Despite recent acquisition activity, Old National’s capital position remained above regulatory guideline minimums at June 30, 2015, with regulatory tier 1 and total risk-based capital ratios of 11.6% and 12.2%, respectively, compared to 12.2% and 12.9% at March 31, 2015, and 14.0% and 14.7% at June 30, 2014. Old National repurchased 1.9 million shares of stock in the open market during the 2^nd quarter of 2015. On July 23, 2015, the Old National Bancorp Board of Directors approved an additional 1.0 million shares to be added to the original 6.0 million authorization approved in October, 2014.

The following table presents Old National’s risk-based and leverage ratios compared to industry requirements:

	Regulatory Guidelines Minimum			Consolidated ONB at June 30, 2015
Tier 1 Risk-Based Capital Ratio		> 6	%		11.6	%
Total Risk-Based Capital Ratio		> 8	%		12.2	%
Common Equity Tier 1 Capital Ratio		> 4.5	%		11.2	%
Tier 1 Leverage Capital Ratio		> 4	%		8.2	%

At June 30, 2015, Old National’s ratio of tangible common equity to tangible assets was 7.23%, compared to 7.52% at March 31, 2015, and 8.42% at June 30, 2014. Refer to Table 2 for Non-GAAP reconciliations.

Maintain a Strong Credit Culture

Old National recorded provision expense of $2.3 million and had net charge-offs of $1.0 million in the 2^nd quarter of 2015. These results compare to virtually no provision expense and net recoveries of $1.0 million, and a provision recapture of $.4 million and net charge-offs of $1.0 million, in the 1^st quarter of 2015 and the 2^nd quarter of 2014, respectively. Net charge-offs for the 2^nd quarter of 2015 were .06% of average total loans on an annualized basis, compared to net recoveries of .06% of average total loans in the 1^st quarter of 2015 and net charge-offs of .07% of average total loans in the 2^nd quarter of 2014. On a year-to-date basis, Old National reported virtually no net charge-offs and recorded provision expense of $2.3 million.

Old National’s allowance for loan losses at June 30, 2015, was $50.2 million, or .74% of total loans, compared to an allowance of $48.9 million, or ..73% of total loans at March 31, 2015, and $46.2 million, or .83% of total loans, at June 30, 2014. The coverage ratio (allowance to non-performing loans) stood at 28% at June 30, 2015, compared to 29% at March 31, 2015, and 33% at June 30, 2014.

The loan portfolios booked with the acquisitions of Tower, United, LSB and Founders were recorded at fair value in accordance with ASC 805 at the date of acquisition. Therefore, no allowance for loan losses is recorded on the acquisition date.

The following table presents certain credit quality metrics related to Old National’s loan portfolio:

($ in millions)	2Q14			1Q15			2Q15
Non-Performing Loans (NPLs)	$	139.5		$	168.4		$	181.4
Problem Loans (Including NPLs)		228.7			253.2			257.1
Special Mention Loans		119.4			190.0			173.9
Net Charge-Off Ratio		.07	%		(.06	)%		.06	%
Provision for Loan Losses	($	0.4	)	$	0.0		$	2.3
Allowance for Loan Losses		46.2			48.9			50.2

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About Old National

Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest financial services holding company headquartered in Indiana and, with $12.1 billion in assets, ranks among the top 100 banking companies in the U.S. Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients. Today, Old National’s footprint includes Indiana, Western Kentucky and Louisville, Southern Illinois and Central and Western Michigan. In addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, Old National also owns Old National Insurance, one of the 100 largest brokers in the U.S. For more information and financial data, please visit Investor Relations at oldnational.com.

Conference Call

Old National will hold a conference call at 10:00 a.m. Central Time on Monday, July 27, 2015, to discuss second-quarter 2015 financial results, strategic developments, and the Company’s financial outlook. The live audio web cast of the call, along with the corresponding presentation slides, will be available on the Company’s Investor Relations web page at oldnational.com and will be archived there for 12 months. A replay of the call will also be available from 1:00 p.m. Central Time on July 27 through August 10. To access the replay, dial 1-855-859-2056, Conference ID Code 81832621.

Use of Non-GAAP Financial Measures

This earnings release contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Old National’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this release or the Quarterly Financial Trends supplement to this earnings release, which can be found on Investor Relations at oldnational.com.

Table 1: Non-GAAP Reconciliation-Adjusted Net Income

($ in millions)	Reported 2Q15			Adjustments			Adjusted 2Q15
Total Revenues (FTE Basis)	$	151.8		$	—		$	151.8
Less: Provision for Loan Losses		(2.3	)		—			(2.3	)
Less: Noninterest Expenses		(109.7	)		5.5			(104.1	)
Income before Income Taxes	$	39.9		$	5.5		$	45.4
Income Taxes		(13.7	)		(1.9	)		(15.6	)
Net Income	$	26.2		$	3.6		$	29.8
Average Shares Outstanding		116,223			—			116,223
Earnings Per Share	$	.22		$	.03		$	.25

Table 2: Non-GAAP Reconciliation-Tangible Equity to Tangible Assets

(end of period balances - $ in millions)	June 30, 2014			March 31, 2015			June 30, 2015
Total Shareholders’ Equity	$	1,277.3		$	1,483.3		$	1,456.7
Deduct: Goodwill and Intangible Assets		(439.3	)		(631.6	)		(629.5	)
Tangible Shareholders’ Equity	$	838.1		$	851.6		$	827.3
Total Assets	$	10,387.9		$	11,951.3		$	12,075.8
Add: Trust Overdrafts		—			0.1			0.1
Deduct: Goodwill and Intangible Assets		(439.3	)		(631.6	)		(629.5	)
Tangible Assets	$	9,948.7		$	11,319.7		$	11,446.4
Tangible Equity to Tangible Assets		8.42	%		7.52	%		7.23	%

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Forward-Looking Statement

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, descriptions of Old National Bancorp’s (“Old National’s”) financial condition, results of operations, asset and credit quality trends and profitability. Forward-looking statements can be identified by the use of the words “anticipate,” “believe,” “expect,” “intend,” “could” and “should,” 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 and there are a number of factors that could cause actual results to differ materially from those in such statements. Factors that might cause such a difference include, but are not limited to: expected cost savings, synergies and other financial benefits from the recently completed mergers might not be realized within the expected timeframes and costs or difficulties relating to integration matters might be greater than expected; expected cost savings in connection with recent branch divestitures may not be fully realized, and deposit attrition, customer loss, and revenue loss may be greater than expected; market, economic, operational, liquidity, credit and interest rate risks associated with Old National’s business; competition; government legislation and policies (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and its related regulations); ability of Old National to execute its business plan; changes in the economy which could materially impact credit quality trends and the ability to generate loans and gather deposits; failure or circumvention of our internal controls; failure or disruption of our information systems; significant changes in accounting, tax or regulatory practices or requirements; new legal obligations or liabilities or unfavorable resolutions of litigations; disruptive technologies in payment systems and other services traditionally provided by banks; computer hacking and other cybersecurity threats; other matters discussed in this press release and other factors identified in our Annual Report on Form 10-K and other periodic filings with the SEC. These forward-looking statements are made only as of the date of this press release, and Old National does not undertake an obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this press release.

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OLD NATIONAL BANCORP

Financial Highlights (Table A)

	Three-Months Ended
($ in thousands except per-share data) (FTE) Fully taxable equivalent basis.	June 30, 2015			Mar. 31, 2015			$ Change			% Change
Income Data:
Net Interest Income	$	92,097		$	90,993		$	1,104			1.2
Taxable Equivalent Adjustment		4,757			4,658			99			2.1
Net Interest Income (FTE)		96,854			95,651			1,203			1.3
Fees, Service Charges and Other Revenues		54,425			52,553			1,872			3.6
Securities Gains (Losses) (a)		512			2,683			(2,171	)		(80.9	)
Derivative Gains (Losses)		42			59			(17	)		(28.8	)
Total Revenue (FTE)		151,833			150,946			887			0.6
Provision for Loan Losses		2,271			1			2,270			N/M
Noninterest Expense		109,690			116,156			(6,466	)		(5.6	)
Income before Taxes		39,872			34,789			5,083			14.6
Provision for Taxes (FTE)		13,716			13,883			(167	)		(1.2	)
Net Income		26,156			20,906			5,250			25.1
Per Common Share Data: (Diluted) (b)
Net Income Attributable to Common Shareholders		0.22			0.18			0.04			22.2
Average Diluted Shares Outstanding		116,223			119,076			(2,853	)		(2.4	)
Book Value		12.64			12.68			(0.04	)		(0.3	)
Stock Price		14.46			14.19			0.27			1.9
Performance Ratios:
Return on Average Assets		0.88	%		0.70	%		0.18	%		25.7
Return on Average Common Equity (c)		7.11			5.56			1.55			27.9
Net Interest Margin (FTE)		3.75			3.70			0.05			1.4
Other Expense to Revenue (Efficiency Ratio) (d)		70.52			76.27			(5.75	)		(7.5	)
Net Charge-offs to Average Loans (e)		0.06			(0.06	)		0.12			N/M
Reserve for Loan Losses to Ending Loans (e)		0.74			0.73			0.01			1.4
Non-Performing Loans to Ending Loans (e)		2.68			2.53			0.15			5.9
Balance Sheet:
Average Assets	$	11,911,639		$	11,931,169		$	(19,530	)		(0.2	)
End of Period Balances:
Assets		12,075,820			11,951,307			124,513			1.0
Investments		3,471,440			3,460,540			10,900			0.3
Money Market Investments (f)		16,228			19,343			(3,115	)		(16.1	)
Commercial Loans and Leases		1,788,912			1,682,104			106,808			6.3
Commercial Real Estate Loans		1,806,251			1,850,078			(43,827	)		(2.4	)
Consumer Loans		1,528,799			1,474,755			54,044			3.7
Residential Real Estate Loans		1,642,100			1,645,602			(3,502	)		(0.2	)
Loans Held for Sale		217,667			210,513			7,154			3.4
Earning Assets		10,471,397			10,342,935			128,462			1.2
Core Deposits (Excluding Brokered CDs)		8,762,770			8,865,674			(102,904	)		(1.2	)
Borrowed Funds (Including Brokered CDs)		1,646,586			1,395,433			251,153			18.0
Common Shareholders’ Equity		1,456,723			1,483,271			(26,548	)		(1.8	)

(a) Includes no other-than-temporary impairment in second-quarter 2015 or first-quarter 2015.

(b) Assumes conversion of stock options and restricted stock.

(c) Based on average common shareholders’ equity of $1,471,922 and $1,502,722, respectively, for June 30, 2015, and March 31, 2015.

(d) Noninterest expense before amortization of intangibles as a percent of FTE net interest income and noninterest revenues, excluding net gains from securities transactions.

(e) Excludes loans held for sale.

(f) Includes money market investments and Federal Reserve interest earning accounts.

N/M = Not meaningful.

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OLD NATIONAL BANCORP

Financial Highlights (Table B)

	Three-Months Ended
($ in thousands except per-share data) (FTE) Fully taxable equivalent basis.	June 30, 2015			June 30, 2014			$ Change			% Change
Income Data:
Net Interest Income	$	92,097		$	84,482		$	7,615			9.0
Taxable Equivalent Adjustment		4,757			4,256			501			11.8
Net Interest Income (FTE)		96,854			88,738			8,116			9.1
Fees, Service Charges and Other Revenues		54,425			37,893			16,532			43.6
Securities Gains (Losses) (a)		512			1,689			(1,177	)		(69.7	)
Derivative Gains (Losses)		42			71			(29	)		(40.8	)
Total Revenue (FTE)		151,833			128,391			23,442			18.3
Provision for Loan Losses		2,271			(400	)		2,671			N/M
Noninterest Expense		109,690			98,104			11,586			11.8
Income before Taxes		39,872			30,687			9,185			29.9
Provision for Taxes (FTE)		13,716			11,914			1,802			15.1
Net Income		26,156			18,773			7,383			39.3
Per Common Share Data: (Diluted) (b)
Net Income Attributable to Common Shareholders		0.22			0.18			0.04			22.2
Average Diluted Shares Outstanding		116,223			104,361			11,862			11.4
Book Value		12.64			12.07			0.57			4.7
Stock Price		14.46			14.28			0.18			1.3
Performance Ratios:
Return on Average Assets		0.88	%		0.75	%		0.13	%		17.3
Return on Average Common Equity (c)		7.11			6.00			1.11			18.5
Net Interest Margin (FTE)		3.75			4.07			(0.32	)		(7.9	)
Other Expense to Revenue (Efficiency Ratio) (d)		70.52			75.85			(5.33	)		(7.0	)
Net Charge-offs to Average Loans (e)		0.06			0.07			(0.01	)		(14.3	)
Reserve for Loan Losses to Ending Loans (e)		0.74			0.83			(0.09	)		(10.8	)
Non-Performing Loans to Ending Loans (e)		2.68			2.52			0.16			6.3
Balance Sheet:
Average Assets	$	11,911,639		$	10,012,474		$	1,899,165			19.0
End of Period Balances:
Assets		12,075,820			10,387,933			1,687,887			16.2
Investments		3,471,440			3,435,463			35,977			1.0
Money Market Investments (f)		16,228			20,887			(4,659	)		(22.3	)
Commercial Loans and Leases		1,788,912			1,520,477			268,435			17.7
Commercial Real Estate Loans		1,806,251			1,405,714			400,537			28.5
Consumer Loans		1,528,799			1,162,506			366,293			31.5
Residential Real Estate Loans		1,642,100			1,450,171			191,929			13.2
Loans Held for Sale		217,667			11,398			206,269			N/M
Earning Assets		10,471,397			9,006,616			1,464,781			16.3
Core Deposits (Excluding Brokered CDs)		8,762,770			7,517,440			1,245,330			16.6
Borrowed Funds (Including Brokered CDs)		1,646,586			1,407,156			239,430			17.0
Common Shareholders’ Equity		1,456,723			1,277,331			179,392			14.0

(a) Includes no other-than-temporary impairment in second-quarter 2015 and second-quarter 2014.

(b) Assumes conversion of stock options and restricted stock.

(c) Based on average common shareholders’ equity of $1,471,922 and $1,250,792 respectively, for 2015 and 2014.

(d) Noninterest expense before amortization of intangibles as a percent of FTE net interest income and noninterest revenues, excluding net gains from securities transactions.

(e) Excludes loans held for sale.

(f) Includes money market investments and Federal Reserve interest earning accounts.

N/M = Not meaningful.

Page 7 of 8

OLD NATIONAL BANCORP

Financial Highlights (Table C)

	Six-Months Ended
($ in thousands except per-share data) (FTE) Fully taxable equivalent basis.	June 30, 2015			June 30, 2014			$ Change			% Change
Income Data:
Net Interest Income	$	183,090		$	167,960		$	15,130			9.0
Taxable Equivalent Adjustment		9,415			8,187			1,228			15.0
Net Interest Income (FTE)		192,505			176,147			16,358			9.3
Fees, Service Charges and Other Revenues		106,978			77,818			29,160			37.5
Securities Gains (Losses) (a)		3,195			2,148			1,047			48.7
Derivative Gains (Losses)		101			250			(149	)		(59.6	)
Total Revenue (FTE)		302,779			256,363			46,416			18.1
Provision for Loan Losses		2,272			(363	)		2,635			N/M
Noninterest Expense		225,846			186,356			39,490			21.2
Income before Taxes		74,661			70,370			4,291			6.1
Provision for Taxes (FTE)		27,599			25,087			2,512			10.0
Net Income		47,062			45,283			1,779			3.9
Per Common Share Data: (Diluted) (b)
Net Income Attributable to Common Shareholders		0.40			0.44			(0.04	)		(9.1	)
Average Diluted Shares Outstanding		117,634			102,363			15,271			14.9
Book Value		12.64			12.07			0.57			4.7
Stock Price		14.46			14.28			0.18			1.3
Performance Ratios:
Return on Average Assets		0.79	%		0.93	%		(0.14	)%		(15.1	)
Return on Average Common Equity (c)		6.33			7.47			(1.14	)		(15.3	)
Net Interest Margin (FTE)		3.72			4.14			(0.42	)		(10.1	)
Other Expense to Revenue (Efficiency Ratio) (d)		73.36			71.80			1.56			2.2
Net Charge-offs to Average Loans (e)		0.00			0.02			(0.02	)		(100.0	)
Reserve for Loan Losses to Ending Loans (e)		0.74			0.83			(0.09	)		(10.8	)
Non-Performing Loans to Ending Loans (e)		2.68			2.52			0.16			6.3
Balance Sheet:
Average Assets	$	11,921,350			9,753,755		$	2,167,595			22.2
End of Period Balances:
Assets		12,075,820			10,387,933			1,687,887			16.2
Investments		3,471,440			3,435,463			35,977			1.0
Money Market Investments (f)		16,228			20,887			(4,659	)		(22.3	)
Commercial Loans and Leases		1,788,912			1,520,477			268,435			17.7
Commercial Real Estate Loans		1,806,251			1,405,714			400,537			28.5
Consumer Loans		1,528,799			1,162,506			366,293			31.5
Residential Real Estate Loans		1,642,100			1,450,171			191,929			13.2
Loans Held for Sale		217,667			11,398			206,269			N/M
Earning Assets		10,471,397			9,006,616			1,464,781			16.3
Core Deposits (Excluding Brokered CDs)		8,762,770			7,517,440			1,245,330			16.6
Borrowed Funds (Including Brokered CDs)		1,646,586			1,407,156			239,430			17.0
Common Shareholders’ Equity		1,456,723			1,277,331			179,392			14.0

(a) Includes $0 and $100 for other-than-temporary impairment in 2015 and 2014.

(b) Assumes conversion of stock options and restricted stock.

(c) Based on average common shareholders’ equity of $1,487,237 and $1,213,010 respectively, for 2015 and 2014.

(d) Noninterest expense before amortization of intangibles as a percent of FTE net interest income and noninterest revenues, excluding net gains from securities transactions.

(e) Excludes loans held for sale.

(f) Includes money market investments and Federal Reserve interest earning accounts.

N/M = Not meaningful.

Page 8 of 8

EX-99.2

Exhbit 99.2

Financial Trends

Second Quarter 2015

July 27, 2015

Please direct inquiries to:

Christopher A. Wolking, Senior Executive Vice President & Chief Financial Officer (812) 464-1322

or Joan M. Kissel, Senior Vice President & Corporate Controller (812) 465-7290

Notes: -Summations may not equal due to rounding.

Old National Bancorp

Financial Summary

Second Quarter 2015

										2014												2015
2012			2013			2014				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr
									Profitability (in millions)
$	91.7		$	100.9		$	103.7		Net Income (Loss)	$	26.5		$	18.8		$	29.1		$	29.3		$	20.9		$	26.2
	91.7			100.9			103.7		Net Income (Loss) Avail. to Common Shareholders		26.5			18.8			29.1			29.3			20.9			26.2
									Diluted EPS
$	0.95		$	1.00		$	0.95		Net Income (Loss) Avail. to Common Shareholders	$	0.26		$	0.18		$	0.26		$	0.25		$	0.18		$	0.22
									Ratios - Net Income
	8.34	%		8.54	%		7.91	%	Return on Average Common Equity		9.03	%		6.00	%		8.54	%		8.06	%		5.56	%		7.11	%
	1.04	%		1.05	%		0.99	%	Return on Average Assets		1.12	%		0.75	%		1.07	%		1.03	%		0.70	%		0.88	%
	71.83	%		68.61	%		70.03	%	Efficiency Ratio (2)		67.77	%		75.85	%		67.41	%		69.54	%		76.27	%		70.52	%
	4.23	%		4.02	%		4.22	%	Net Interest Margin (FTE)		4.22	%		4.07	%		4.78	%		3.83	%		3.70	%		3.75	%
									Capital Ratios:
									Risk-Based Capital Ratios (EOP):
	N/A			N/A			N/A		Tier 1 Common Equity (3)		N/A			N/A			N/A			N/A			11.6	%		11.2	%
	13.6	%		14.3	%		12.9	%	Tier 1		14.8	%		14.0	%		13.0	%		12.9	%		12.2	%		11.6	%
	14.7	%		15.2	%		13.6	%	Total		15.7	%		14.7	%		13.8	%		13.6	%		12.9	%		12.3	%
	8.5	%		8.9	%		8.8	%	Leverage Ratio (to Average Assets)		9.3	%		9.3	%		8.9	%		8.8	%		8.3	%		8.2	%
	12.49	%		12.33	%		12.57	%	Total Equity to Assets (Averages)		12.38	%		12.49	%		12.58	%		12.79	%		12.59	%		12.36	%
	9.01	%		8.52	%		8.09	%	Tangible Common Equity to Tangible Assets (1)		8.82	%		8.42	%		8.23	%		8.09	%		7.52	%		7.23	%
									Per Common Share Data:
	0.36			0.40			0.44		Cash Dividends Declared		0.11			0.11			0.11			0.11			0.12			0.12
	38	%		40	%		46	%	Dividend Payout Ratio		41	%		61	%		42	%		44	%		68	%		53	%
	11.81			11.64			12.54		Common Book Value (EOP)		11.84			12.07			12.35			12.54			12.68			12.64
	11.87			15.37			14.88		Market Value (EOP)		14.91			14.28			12.97			14.88			14.19			14.46
	8.17			7.85			7.67		Tangible Common Book Value (1)		8.08			7.92			7.69			7.67			7.28			7.18
									Other Statistics
	2,684			2,608			2,938		Full Time Equivalent Employees		2,570			2,653			2,920			2,938			2,983			2,865

(1) See Non-GAAP Reconciliation on Page 9.

(2) Efficiency ratio is defined as noninterest expense before amortization of intangibles as a percent of FTE net interest income and noninterest revenues, excluding net gains from securities transactions. This presentation excludes intangible amortization and net securities gains, as is common in other company releases, and better aligns with true operating performance.

(3) Tier 1 Common Equity New Ratios Effective As of 1/1/2015

FTE - Fully taxable equivalent basis         EOP - End of period actual balances         N/A - Not applicable

PAGE 1

Old National Bancorp

INCOME STATEMENT

($ In Millions except EPS information)

Six Months						Change							Second Quarter						Change
2015			2014			$			%				2015			2014			$			%
$	198.6		$	177.8		$	20.8			11.7	%	Interest Income	$	100.0		$	89.5		$	10.4			11.7	%
	15.5			9.8			5.6			57.3	%	Less: Interest Expense		7.9			5.0			2.8			56.0	%
	183.1			168.0			15.1			9.0	%	Net Interest Income		92.1			84.5			7.6			9.0	%
	18.0			13.3			4.7			35.1	%	Wealth Management Fees		9.4			7.5			1.9			25.8	%
	22.3			23.0			(0.6	)		-2.8	%	Service Charges on Deposit Accounts		11.3			11.8			(0.5	)		-4.6	%
	13.8			12.2			1.6			13.1	%	Debit Card and ATM Fees		7.1			6.5			0.6			9.2	%
	7.2			1.9			5.3			N/M		Mortgage Banking Revenue		4.3			1.3			3.0			N/M
	22.3			21.8			0.5			2.3	%	Insurance Premiums and Commissions		10.2			9.8			0.4			3.7	%
	9.1			8.0			1.1			14.2	%	Investment Product Fees		4.7			4.1			0.6			14.6	%
	4.3			3.1			1.2			39.7	%	Company-owned Life Insurance		2.2			1.6			0.5			33.5	%
	(2.5	)		(17.8	)		15.3			-85.9	%	Change in Indemnification Asset		(1.5	)		(10.5	)		8.9			-85.3	%
	12.4			12.4			0.0			0.1	%	Other Income		6.8			5.7			1.1			19.2	%
	107.0			77.8			29.2			37.5	%	Total Fees, Service Charges & Other Rev.		54.4			37.9			16.5			43.6	%
	3.2			2.1			1.0			48.8	%	Gains (Losses) Sales of Securities (1)		0.5			1.7			(1.2	)		-69.7	%
	0.1			0.2			(0.1	)		-59.7	%	Gains (Losses) Derivatives		0.0			0.1			(0.0	)		-41.1	%
	110.3			80.2			30.1			37.5	%	Total Noninterest Income		55.0			39.7			15.3			38.7	%
	293.4			248.2			45.2			18.2	%	Total Revenues		147.1			124.1			22.9			18.5	%
	128.9			106.4			22.5			21.2	%	Salaries and Employee Benefits		59.2			55.1			4.2			7.6	%
	28.4			23.7			4.8			20.2	%	Occupancy		14.1			12.7			1.4			11.2	%
	7.3			6.2			1.2			18.7	%	Equipment		3.4			3.2			0.3			8.5	%
	5.9			4.6			1.3			28.0	%	Marketing		3.7			2.4			1.2			51.1	%
	14.7			12.1			2.6			21.6	%	Data Processing		8.1			6.5			1.6			24.7	%
	5.2			5.0			0.2			4.5	%	Communication		2.4			2.3			0.1			3.9	%
	6.5			7.3			(0.8	)		-11.1	%	Professional Fees		3.4			3.6			(0.3	)		-7.2	%
	3.1			2.8			0.4			13.9	%	Loan Expenses		1.8			1.4			0.4			26.0	%
	1.3			1.5			(0.2	)		-14.4	%	Supplies		0.6			0.8			(0.2	)		-29.6	%
	3.9			2.9			1.0			33.6	%	FDIC Assessment		2.0			1.4			0.5			36.4	%
	1.6			2.0			(0.4	)		-18.7	%	Other Real Estate Owned Expense		0.5			1.3			(0.8	)		-62.1	%
	6.1			3.8			2.2			57.8	%	Intangible Amortization		3.0			2.0			1.0			48.6	%
	12.9			8.1			4.7			58.2	%	Other Expense		7.5			5.3			2.2			40.9	%
	225.8			186.4			39.5			21.2	%	Total Noninterest Expense		109.7			98.1			11.6			11.8	%
	2.3			(0.4	)		2.6			N/M		Provision for loan losses		2.3			(0.4	)		2.7			N/M
	65.2			62.2			3.1			4.9	%	Income (loss) before Income Taxes		35.1			26.4			8.7			32.9	%
	18.2			16.9			1.3			7.6	%	Total Taxes		9.0			7.7			1.3			17.0	%
$	47.1		$	45.3		$	1.8			3.9	%	Net Income (Loss)	$	26.2		$	18.8		$	7.4			39.3	%
												Diluted EPS
$	0.40		$	0.44		$	(0.04	)		-8.6	%	Net Income (Loss) Avail to Common	$	0.22		$	0.18		$	0.04			22.2	%
												Average Common Shares Outstanding (000’s)
	117,128			101,862			15,266			15.0	%	Basic		115,732			103,904			11,828			11.4	%
	117,634			102,363			15,271			14.9	%	Diluted		116,223			104,361			11,862			11.4	%
	115,205			105,851			9,354			8.8	%	Common Shares Outstanding (EOP) (000’s)		115,205			105,851			9,354			8.8	%

(1) Includes $0.5 million of net gains and $0.0 million of OTTI in 2Q15 and $1.7 million of net gains and $0.0 million of OTTI in 2Q14. Includes $3.2 million of net gains and $0.0 million of OTTI in YTD 2015 and $2.2 million of net gains and $0.1 million of OTTI in YTD 2014.

EOP - End of period actual balances                                N/M = Not meaningful        OTTI - Other Than Temporary Impairment

PAGE 2

Old National Bancorp

NET INCOME TRENDS

Second Quarter 2015

($ In Millions except EPS information)

										2014												2015
2012			2013			2014				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr
$	344.7		$	341.8		$	389.7		Interest Income	$	88.3		$	89.5		$	114.6		$	97.3		$	98.6		$	100.0
	35.9			24.4			23.4		Less: Interest Expense		4.8			5.0			6.3			7.3			7.6			7.9
	308.8			317.4			366.4		Net Interest Income		83.5			84.5			108.4			90.0			91.0			92.1
	21.5			23.5			28.7		Wealth Management Fees		5.8			7.5			7.2			8.3			8.5			9.4
	51.5			49.6			47.4		Service Charges on Deposit Accounts		11.1			11.8			12.5			12.0			11.0			11.3
	24.0			25.0			25.8		Debit Card and ATM Fees		5.7			6.5			6.8			6.8			6.7			7.1
	3.7			4.4			6.0		Mortgage Banking Revenue		0.6			1.3			1.7			2.4			3.0			4.3
	37.1			38.5			41.5		Insurance Premiums and Commissions		12.0			9.8			9.8			9.9			12.1			10.2
	12.7			16.0			17.1		Investment Product Fees		3.9			4.1			4.7			4.5			4.4			4.7
	6.5			7.5			6.9		Company-owned Life Insurance		1.5			1.6			1.8			2.0			2.2			2.2
	(3.4	)		(9.3	)		(43.2	)	Change in Indemnification Asset		(7.3	)		(10.5	)		(19.1	)		(6.2	)		(1.0	)		(1.5	)
	21.7			26.1			24.6		Other Income		6.7			5.7			6.3			6.0			5.6			6.8
	175.4			181.2			155.0		Total Fees, Service Charges & Other Rev.		39.9			37.9			31.7			45.6			52.6			54.4
	13.6			3.3			9.7		Gains (Losses) Sales of Securities (1)		0.5			1.7			2.7			4.9			2.7			0.5
	0.8			0.2			0.4		Gains (Losses) Derivatives		0.2			0.1			0.0			0.1			0.1			0.0
	189.8			184.8			165.1		Total Noninterest Income		40.6			39.7			34.4			50.5			55.3			55.0
	498.6			502.2			531.5		Total Revenues		124.0			124.1			142.8			140.5			146.3			147.1
	193.9			202.4			219.3		Salaries and Employee Benefits		51.4			55.1			54.6			58.2			69.7			59.2
	50.9			48.4			49.1		Occupancy		10.9			12.7			12.7			12.7			14.3			14.1
	11.7			11.9			12.5		Equipment		3.0			3.2			3.3			2.9			3.9			3.4
	7.5			7.2			9.6		Marketing		2.2			2.4			2.4			2.6			2.2			3.7
	22.0			21.6			25.4		Data Processing		5.6			6.5			6.4			6.9			6.6			8.1
	10.9			10.5			10.5		Communication		2.6			2.3			2.6			2.9			2.7			2.4
	12.0			11.9			16.4		Professional Fees		3.7			3.6			5.3			3.7			3.1			3.4
	7.0			7.0			6.1		Loan Expenses		1.3			1.4			1.7			1.7			1.3			1.8
	2.7			2.4			3.0		Supplies		0.7			0.8			0.8			0.7			0.7			0.6
	6.0			5.1			6.3		FDIC Assessment		1.4			1.4			1.7			1.7			1.9			2.0
	17.1			4.1			3.1		Other Real Estate Owned Expense		0.8			1.3			0.8			0.3			1.2			0.5
	7.9			8.2			9.1		Intangible Amortization		1.8			2.0			2.5			2.8			3.1			3.0
	16.0			21.3			16.2		Other Expense		2.8			5.3			5.2			2.9			5.4			7.5
	365.8			362.0			386.4		Total Noninterest Expense		88.3			98.1			100.0			100.1			116.2			109.7
	5.0			(2.3	)		3.1		Provision for Loan Losses		0.0			(0.4	)		2.6			0.9			0.0			2.3
	127.8			142.5			142.0		Income (loss) before Income Taxes		35.8			26.4			40.2			39.6			30.1			35.1
	36.1			41.6			38.3		Total Taxes		9.2			7.7			11.1			10.3			9.2			9.0
$	91.7		$	100.9		$	103.7		Net Income (Loss)	$	26.5		$	18.8		$	29.1		$	29.3		$	20.9		$	26.2
$	0.95		$	1.00		$	0.95		Net Income (Loss) Avail to Common	$	0.26		$	0.18		$	0.26		$	0.25		$	0.18		$	0.22
	96,440			100,712			107,818		Average Basic Common Shares (000’s)		99,797			103,904			111,428			115,924			118,540			115,732
	96,833			101,198			108,365		Average Diluted Common Shares (000’s)		100,325			104,361			111,947			116,592			119,076			116,223

(1) Gains (losses) on sales of securities are net of OTTI.

PAGE 3

Old National Bancorp

Balance Sheet (EOP)

Second Quarter 2015

($ in Millions)

																Change from Prior Year
	6/30/2015			3/31/2015			12/31/2014			9/30/2014			6/30/2014			6/30/2015 vs. 6/30/2014					12/31/2013			12/31/2012
Assets
Fed Reserve Bank Account	$	11.3		$	12.8		$	20.0		$	19.9		$	16.0		$	(4.7	)	-29.2	%	$	11.2		$	41.9
Money Market Investments		4.9			6.6			12.1			5.7			4.9			0.0		0.0	%		4.9			3.9
Investments:
Treasury & Gov’t Sponsored Agencies		851.7			900.9			868.3			807.6			803.8			48.0		6.0	%		619.3			703.1
Mortgage-backed Securities		1,123.7			1,112.3			1,265.3			1,252.5			1,249.2			(125.5	)	-10.0	%		1,342.1			1,250.6
States & Political Subdivisions		1,047.2			988.8			967.7			927.5			964.1			83.1		8.6	%		825.5			746.6
Other Securities		448.8			458.6			445.6			420.4			418.3			30.5		7.3	%		392.2			244.3
Total Investments		3,471.4			3,460.5			3,546.9			3,408.0			3,435.5			36.0		1.0	%		3,179.1			2,944.6
Loans Held for Sale		217.7			210.5			213.5			12.9			11.4			206.3		N/M			7.7			12.6
Loans:
Commercial		1,758.4			1,649.4			1,610.3			1,627.4			1,475.4			282.9		19.2	%		1,345.6			1,279.2
Commercial Leases		17.7			18.9			19.3			20.4			23.4			(5.8	)	-24.7	%		27.8			57.7
Commercial & Agriculture Real Estate		1,767.4			1,813.6			1,711.1			1,614.6			1,354.7			412.6		30.5	%		1,160.9			1,255.9
Consumer:
Home Equity		380.1			380.7			361.1			342.4			280.5			99.6		35.5	%		248.5			253.6
Other Consumer Loans		1,084.4			1,027.8			949.5			932.3			808.5			275.9		34.1	%		722.8			653.3
Subtotal of Commercial & Consumer Loans		5,007.9			4,890.3			4,651.3			4,537.1			3,942.6			1,065.3		27.0	%		3,505.6			3,499.6
Residential Real Estate		1,622.8			1,625.4			1,519.2			1,547.0			1,425.2			197.6		13.9	%		1,359.5			1,324.7
Covered Loans		135.4			136.8			147.7			158.3			171.1			(35.7	)	-20.9	%		217.8			372.3
Total Loans		6,766.1			6,652.5			6,318.2			6,242.4			5,538.9			1,227.2		22.2	%		5,083.0			5,196.6
Total Earning Assets		10,471.4			10,342.9			10,110.7			9,688.9			9,006.6			1,464.8		16.3	%		8,285.9			8,199.6
Allowance for Loan Losses		(50.2	)		(48.9	)		(47.8	)		(48.3	)		(46.2	)		4.0		8.8	%		(47.1	)		(54.8	)
Nonearning Assets:
Cash and Due from Banks		179.0			196.0			207.9			205.9			215.8			(36.8	)	-17.1	%		190.6			218.3
Premises & Equipment		131.3			132.1			135.9			130.2			118.0			13.3		11.3	%		108.3			89.9
Goodwill & Intangible Assets		629.5			631.6			569.5			530.5			439.3			190.2		43.3	%		378.7			368.0
Company-owned Life Insurance		337.8			336.0			325.6			316.2			299.5			38.3		12.8	%		275.1			270.6
FDIC Indemnification Asset		16.5			20.0			20.6			28.0			51.4			(35.0	)	-68.0	%		88.5			116.6
Covered ORE		4.8			7.1			9.1			9.5			11.2			(6.4	)	-57.6	%		13.7			26.1
Other Assets		355.8			334.5			316.0			318.9			292.2			63.6		21.8	%		288.1			309.2
Total Nonearning Assets		1,654.6			1,657.3			1,584.7			1,539.1			1,427.5			227.1		15.9	%		1,343.0			1,398.8
Total Assets	$	12,075.8		$	11,951.3		$	11,647.6		$	11,179.8		$	10,387.9		$	1,687.9		16.2	%	$	9,581.7		$	9,543.6
Liabilities & Equity
Noninterest-bearing Demand Deposits	$	2,557.7		$	2,553.8		$	2,427.7		$	2,371.0		$	2,129.7		$	428.0		20.1	%	$	2,026.5		$	2,007.8
NOW Accounts		2,213.9			2,218.2			2,176.9			2,069.5			1,912.2			301.7		15.8	%		1,775.9			1,827.7
Savings Accounts		2,352.9			2,384.5			2,222.6			2,178.1			2,100.2			252.7		12.0	%		1,941.7			1,869.4
Money Market Accounts		602.3			636.9			574.5			547.1			428.0			174.3		40.7	%		448.8			292.9
Other Time under $100,000		708.4			757.1			780.2			724.2			699.4			8.9		1.3	%		752.7			915.7
Other Time $100,000 & over		327.7			315.1			272.3			277.9			247.9			79.7		32.2	%		265.3			365.5
Total Core Deposits		8,762.8			8,865.7			8,454.2			8,167.7			7,517.4			1,245.3		16.6	%		7,210.9			7,278.9
Brokered CD’s		46.8			61.8			36.5			39.6			37.6			9.2		24.6	%		—			0.1
Total Deposits		8,809.6			8,927.5			8,490.7			8,207.3			7,555.0			1,254.6		16.6	%		7,210.9			7,279.0
Short-term Borrowings		530.4			463.0			551.3			495.3			467.6			62.8		13.4	%		462.3			589.8
Other Borrowings		1,069.4			870.6			920.1			871.7			902.0			167.4		18.6	%		556.4			237.5
Total Borrowed Funds		1,599.8			1,333.6			1,471.4			1,367.0			1,369.6			230.2		16.8	%		1,018.7			827.3
Accrued Expenses & Other Liabilities		209.7			206.9			219.7			198.3			186.0			23.7		12.8	%		189.5			242.8
Total Liabilities		10,619.1			10,468.0			10,181.8			9,772.6			9,110.6			1,508.5		16.6	%		8,419.1			8,349.1
Common Stock, Surplus & Retained Earnings		1,494.8			1,507.5			1,497.3			1,437.8			1,310.7			184.1		14.0	%		1,207.1			1,164.8
Other Comprehensive Income		(38.1	)		(24.2	)		(31.6	)		(30.6	)		(33.3	)		(4.7	)	-14.2	%		(44.5	)		29.8
Total Shareholders Equity		1,456.7			1,483.3			1,465.8			1,407.2			1,277.3			179.4		14.0	%		1,162.6			1,194.6
Total Liabilities & Shareholders Equity	$	12,075.8		$	11,951.3		$	11,647.6		$	11,179.8		$	10,387.9		$	1,687.9		16.2	%	$	9,581.7		$	9,543.6

EOP - End of period actual balances N/M = Not meaningful

PAGE 4

Old National Bancorp

Balance Sheet Trends

PERIOD AVERAGES

($ in Millions)

2012			2013			2014				2014												2015
										1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr
									Assets
$	23.5		$	16.7		$	12.3		Fed Reserve Bank Account	$	11.1		$	12.7		$	13.9			11.5		$	13.6		$	14.8
	5.6			5.6			7.6		Money Market Investments		6.0			6.5			8.8			9.9			12.1			4.5
									Investments:
	538.2			607.5			760.6		Treasury & Gov’t Sponsored Agencies		640.3			739.1			820.2			839.8			890.0			839.5
	1,288.1			1,430.1			1,281.4		Mortgage-backed Securities		1,321.4			1,281.8			1,268.2			1,255.1			1,153.8			1,138.6
	684.6			818.4			889.3		States & Political Subdivisions		824.5			893.2			929.6			908.7			976.9			976.0
	214.6			289.0			418.7		Other Securities		403.2			416.8			421.1			433.4			454.1			452.2
	2,725.5			3,145.0			3,350.0		Total Investments		3,189.4			3,331.0			3,439.1			3,436.9			3,474.8			3,406.2
	4.9			8.6			9.3		Loans Held for Sale		3.8			6.5			13.6			13.1			202.1			202.9
	—			1.2			—		Leases Held for Sale		—			—			—			—			—			—
									Loans:
	1,156.0			1,319.7			1,483.0		Commercial		1,328.3			1,428.8			1,546.1			1,624.9			1,639.1			1,686.4
	68.3			41.0			22.9		Commercial Leases		26.2			24.2			21.8			19.7			20.3			18.2
	1,100.9			1,196.8			1,417.4		Commercial & Agriculture Real Estate		1,165.8			1,276.7			1,527.1			1,693.3			1,812.0			1,785.5
									Consumer:
	250.7			263.2			313.1		Home Equity		262.7			284.1			340.2			364.0			379.2			375.7
	621.8			648.7			827.0		Other Consumer Loans		719.8			768.7			861.7			954.7			999.7			1,067.7
	3,197.7			3,469.5			4,063.3		Subtotal of Commercial & Consumer Loans		3,502.9			3,782.4			4,296.8			4,656.7			4,850.4			4,933.4
	1,150.9			1,373.4			1,462.7		Residential Real Estate		1,358.5			1,405.2			1,507.8			1,576.6			1,650.4			1,630.1
	508.9			292.3			177.2		Covered Loans		204.6			185.7			164.8			153.8			142.7			134.0
	4,857.5			5,135.1			5,703.3		Total Loans		5,065.9			5,373.3			5,969.4			6,387.1			6,643.5			6,697.5
	7,617.1			8,312.2			9,082.6		Total Earning Assets		8,276.3			8,730.1			9,444.9			9,858.5			10,346.2			10,325.9
	(56.1	)		(50.6	)		(47.3	)	Allowance for Loan Losses		(46.6	)		(47.4	)		(46.6	)		(48.4	)		(49.4	)		(48.6	)
	1,239.6			1,328.3			1,396.8		Nonearning Assets		1,262.5			1,329.8			1,454.8			1,535.8			1,634.4			1,634.3
$	8,800.5		$	9,589.9		$	10,432.2		Total Assets	$	9,492.2		$	10,012.5		$	10,853.0		$	11,345.9		$	11,931.2		$	11,911.6
									Liabilities & Equity
$	1,828.8		$	1,952.8		$	2,166.6		Noninterest-bearing Demand Deposits	$	1,986.5		$	2,055.4		$	2,240.1		$	2,379.4		$	2,503.1		$	2,515.7
	1,608.6			1,734.8			1,989.8		NOW Accounts		1,783.5			1,937.4			2,042.3			2,190.9			2,207.1			2,271.7
	1,728.9			1,916.1			2,104.1		Savings Accounts		1,968.0			2,078.0			2,162.9			2,204.1			2,343.9			2,369.2
	289.0			368.4			490.2		Money Market Accounts		448.0			442.7			511.0			557.8			657.0			616.0
	1,309.5			1,152.3			996.4		Other Time		988.4			959.6			988.9			1,048.2			1,075.0			1,049.1
	6,764.7			7,124.4			7,747.1		Total Core Deposits		7,174.5			7,473.1			7,945.1			8,380.5			8,786.0			8,821.8
	10.5			0.0			28.0		Brokered CD’s		—			36.3			37.1			38.0			72.9			52.5
	6,775.2			7,124.5			7,775.1		Total Deposits		7,174.5			7,509.4			7,982.2			8,418.5			8,858.9			8,874.2
	413.9			517.7			404.9		Short-term Borrowings		380.2			400.0			401.5			437.4			453.6			467.4
	280.2			539.3			753.9		Other Borrowings		581.4			684.4			916.4			829.2			920.2			897.8
	694.1			1,057.0			1,158.9		Total Borrowed Funds		961.6			1,084.4			1,317.8			1,266.5			1,373.8			1,365.2
	232.2			226.3			186.9		Accrued Expenses & Other Liabilities		181.3			167.9			188.1			210.0			195.7			200.2
	7,701.6			8,407.7			9,120.9		Total Liabilities		8,317.4			8,761.7			9,488.1			9,895.1			10,428.4			10,439.7
	1,072.1			1,188.9			1,342.6		Common Stock, Surplus & Retained Earnings		1,211.3			1,283.0			1,396.2			1,476.2			1,529.9			1,498.8
	26.9			(6.7	)		(31.3	)	Other Comprehensive Income		(36.5	)		(32.2	)		(31.3	)		(25.3	)		(27.2	)		(26.9	)
	1,099.0			1,182.2			1,311.3		Total Shareholders Equity		1,174.8			1,250.8			1,365.0			1,450.9			1,502.7			1,471.9
$	8,800.5		$	9,589.9		$	10,432.2		Total Liabilities & Shareholders Equity	$	9,492.2		$	10,012.5		$	10,853.0		$	11,345.9		$	11,931.2		$	11,911.6

PAGE 5

Old National Bancorp

Interest Rate Trends (FTE basis)

PERIOD AVERAGES

2012			2013			2014				2014												2015
										1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr
									Earning Assets:
	0.51	%		0.17	%		0.21	%	Fed Funds Sold, Resell Agr, Fed Reserve Bank Acct, & Money Mkt		0.14	%		0.20	%		0.11	%		0.38	%		0.10	%		0.16	%
									Investments:
	2.35	%		2.24	%		2.05	%	Treasury & Gov’t Sponsored Agencies		2.20	%		2.06	%		2.00	%		1.99	%		1.97	%		1.96	%
	2.26	%		1.85	%		1.81	%	Mortgage-backed Securities		1.93	%		1.87	%		1.72	%		1.69	%		1.75	%		1.78	%
	5.47	%		5.33	%		5.07	%	States & Political Subdivisions		5.14	%		5.14	%		5.05	%		4.99	%		4.75	%		4.93	%
	3.76	%		2.92	%		2.70	%	Other Securities		2.96	%		2.68	%		2.64	%		2.54	%		2.48	%		2.37	%
	3.18	%		2.93	%		2.83	%	Total Investments		2.94	%		2.89	%		2.80	%		2.73	%		2.74	%		2.81	%
									Loans:
	4.87	%		4.42	%		4.52	%	Commercial (1)		5.00	%		4.27	%		4.45	%		4.43	%		4.32	%		4.45	%
	6.36	%		6.16	%		6.36	%	Commercial Leases		6.32	%		6.41	%		6.35	%		6.34	%		14.06	%		7.08	%
	7.22	%		7.15	%		8.87	%	Commercial & Agriculture Real Estate (1)		8.47	%		8.06	%		11.86	%		6.66	%		5.98	%		6.05	%
									Consumer:
	4.09	%		4.55	%		4.08	%	Home Equity (1)		4.43	%		4.40	%		4.38	%		3.28	%		4.09	%		3.99	%
	6.03	%		5.16	%		4.06	%	Other Consumer Loans (1)		4.32	%		4.17	%		3.93	%		3.89	%		3.76	%		3.59	%
	5.79	%		5.51	%		5.94	%	Subtotal of Commercial & Consumer Loans		6.05	%		5.62	%		7.06	%		5.09	%		4.89	%		4.86	%
	4.50	%		4.12	%		4.07	%	Residential Real Estate Loans (1)		3.97	%		4.03	%		4.16	%		4.10	%		4.11	%		4.21	%
	5.56	%		5.18	%		5.43	%	Total Loans (1)		5.44	%		5.16	%		6.27	%		4.81	%		4.65	%		4.66	%
	4.70	%		4.32	%		4.47	%	Total Earning Assets		4.46	%		4.28	%		5.00	%		4.09	%		3.99	%		4.03	%
									Interest-bearing Liabilities:
	0.03	%		0.03	%		0.03	%	NOW Accounts		0.03	%		0.03	%		0.03	%		0.03	%		0.03	%		0.03	%
	0.22	%		0.15	%		0.14	%	Savings Accounts		0.14	%		0.14	%		0.14	%		0.14	%		0.14	%		0.14	%
	0.10	%		0.06	%		0.05	%	Money Market Accounts		0.05	%		0.05	%		0.05	%		0.05	%		0.07	%		0.06	%
	1.70	%		1.27	%		0.91	%	Other Time		1.00	%		0.99	%		0.92	%		0.88	%		0.90	%		0.92	%
	0.54	%		0.35	%		0.24	%	Total Interest-bearing Deposits		0.26	%		0.24	%		0.23	%		0.22	%		0.22	%		0.22	%
	0.78	%		2.24	%		0.55	%	Brokered CD’s		0.00	%		0.52	%		0.67	%		0.45	%		0.51	%		0.44	%
	0.55	%		0.35	%		0.24	%	Total Interest-bearing Deposits & CD’s		0.26	%		0.25	%		0.23	%		0.22	%		0.23	%		0.22	%
	0.13	%		0.12	%		0.08	%	Short-term Borrowings		0.07	%		0.08	%		0.08	%		0.08	%		0.09	%		0.10	%
	2.98	%		1.04	%		1.29	%	Other Borrowings		0.99	%		0.94	%		1.23	%		1.81	%		1.71	%		1.87	%
	1.28	%		0.59	%		0.86	%	Total Borrowed Funds		0.62	%		0.62	%		0.86	%		1.19	%		1.19	%		1.27	%
	0.64	%		0.39	%		0.35	%	Total Interest-bearing Liabilities		0.32	%		0.31	%		0.35	%		0.40	%		0.40	%		0.41	%
	4.05	%		3.94	%		4.12	%	Net Interest Rate Spread		4.15	%		3.97	%		4.65	%		3.69	%		3.59	%		3.62	%
	4.23	%		4.02	%		4.22	%	Net Interest Margin (FTE)		4.22	%		4.07	%		4.78	%		3.83	%		3.70	%		3.75	%
$	13.2		$	16.9		$	17.0		FTE Adjustment ($ in millions)	$	3.9		$	4.3		$	4.5		$	4.3		$	4.7		$	4.8

FTE - Fully taxable equivalent basis

(1) Includes loans and leases held for sale.

PAGE 6

Old National Bancorp

Asset Quality (EOP) Excludes Covered Assets (4)

($ in Millions)

2012			2013			2014				2014												2015
										1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr
$	57.1		$	49.0		$	41.7		Beginning Allowance for Loan Losses	$	41.7		$	41.5		$	42.5		$	44.7		$	44.3		$	46.7
	(1.0	)		(3.9	)		4.4		Provision for Loan Losses		(0.4	)		1.1			3.0			0.7			0.8			2.6
	(21.4	)		(14.9	)		(10.4	)	Gross Charge-offs		(2.6	)		(2.1	)		(2.4	)		(3.3	)		(0.6	)		(3.3	)
	14.3			11.5			8.6		Gross Recoveries		2.7			2.0			1.7			2.2			2.2			2.5
	(7.1	)		(3.4	)		(1.8	)	Net Charge-offs		0.2			(0.1	)		(0.8	)		(1.1	)		1.6			(0.8	)
$	49.0		$	41.7		$	44.3		Ending Allowance for Loan Losses	$	41.5		$	42.5		$	44.7		$	44.3		$	46.7		$	48.5
	0.16	%		0.07	%		0.03	%	Net Charge-offs / Average Loans (1)		-0.02	%		0.01	%		0.05	%		0.07	%		-0.10	%		0.05	%
$	4,348.7		$	4,842.8		$	5,526.1		Average Loans Outstanding (1)	$	4,861.3		$	5,187.6		$	5,804.5		$	6,233.3		$	6,500.8		$	6,563.5
$	4,824.3		$	4,865.1		$	6,170.5		EOP Loans Outstanding (1)	$	4,878.1		$	5,367.7		$	6,084.1		$	6,170.5		$	6,515.7		$	6,630.7
	1.02	%		0.86	%		0.72	%	Allowance for Loan Loss / EOP Loans (1)		0.85	%		0.79	%		0.73	%		0.72	%		0.72	%		0.73	%
									Underperforming Assets:
$	1.1		$	0.2		$	0.5		Loans 90 Days & over (still accruing)	$	0.2		$	0.3		$	0.5		$	0.5		$	0.1		$	0.6
									Non-performing Loans:
	150.4			96.6			125.7		Nonaccrual Loans (2)		84.8			96.7			125.4			125.7			143.3			156.4
	9.2			15.6			12.7		Renegotiated Loans		20.2			21.3			22.1			12.7			12.4			13.4
	159.5			112.2			138.4		Total Non-performing Loans		105.0			118.0			147.5			138.4			155.7			169.8
	11.2			7.6			7.2		Foreclosed properties		7.6			6.7			8.2			7.2			8.5			9.4
$	171.8		$	120.0		$	146.1		Total Underperforming Assets	$	112.9		$	125.0		$	156.2		$	146.1		$	164.3		$	179.8
$	233.4		$	159.8		$	233.5		Classified Loans - “Problem Loans”	$	170.5		$	203.9		$	226.1		$	233.5		$	239.0		$	242.7
	59.2			43.9			26.5		Other Classified Assets		42.0			41.5			26.5			26.5			26.2			22.1
	113.3			135.4			194.8		Criticized Loans - “Special Mention Loans”		112.3			112.9			170.5			194.8			183.9			163.7
$	405.9		$	339.0		$	454.8		Total Classified & Criticized Assets	$	324.8		$	358.2		$	423.1		$	454.8		$	449.2		$	428.5
	3.31	%		2.31	%		2.24	%	Non-performing loans / EOP Loans (1)		2.15	%		2.20	%		2.43	%		2.24	%		2.39	%		2.56	%
	31	%		37	%		32	%	Allowance to Non-performing Loans (3)		40	%		36	%		30	%		32	%		30	%		29	%
	3.56	%		2.47	%		2.37	%	Under-performing Assets / EOP Loans (1)		2.31	%		2.33	%		2.57	%		2.37	%		2.52	%		2.71	%
$	9,543.6		$	9,581.7		$	11,647.6		EOP Total Assets (includes covered assets)	$	9,544.8		$	10,387.9		$	11,179.8		$	11,647.6		$	11,951.3		$	12,075.8
	1.80	%		1.25	%		1.25	%	Under-performing Assets / EOP Assets		1.18	%		1.20	%		1.40	%		1.25	%		1.38	%		1.49	%

EOP - End of period actual balances

(1) Excludes loans and leases held for sale.

(2) Includes $25.5 million in 2Q15 of renegotiated loans.

(3) Because the acquired loans were recorded at fair value in accordance with ASC 805 at the date of acquisition, the credit risk is incorporated in the fair value recorded. No allowance for loan losses is recorded on the acquisition date.

(4) The Company entered into separate loss sharing agreements with the FDIC providing for specified credit loss protection for substantially all acquired single family residential loans, commercial loans, and other real estate owned. At June 30, 2015, approximately $135.4 million of loans and $4.8 million of other real estate owned are covered by the loss sharing agreements. As such, eighty percent of losses incurred on these covered assets will be reimbursed to Old National by the FDIC.

PAGE 7

Old National Bancorp

Asset Quality (EOP) Including Covered Assets (4)

($ in Millions)

2012			2013			2014				2014												2015
										1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr
$	58.1		$	54.8		$	47.1		Beginning Allowance for Loan Losses	$	47.1		$	47.6		$	46.2		$	48.3		$	47.8		$	48.9
	5.0			(2.3	)		3.1		Provision for Loan Losses		0.0			(0.4	)		2.6			0.9			0.0			2.3
	(22.3	)		(17.0	)		(11.2	)	Gross Charge-offs		(2.4	)		(3.1	)		(2.1	)		(3.5	)		(1.2	)		(3.6	)
	14.0			11.7			8.8		Gross Recoveries		2.8			2.1			1.7			2.2			2.3			2.7
	(8.3	)		(5.3	)		(2.4	)	Net Charge-offs		0.4			(1.0	)		(0.5	)		(1.3	)		1.0			(1.0	)
$	54.8		$	47.1		$	47.8		Ending Allowance for Loan Losses	$	47.6		$	46.2		$	48.3		$	47.8		$	48.9		$	50.2
	0.17	%		0.10	%		0.04	%	Net Charge-offs / Average Loans (1)		-0.03	%		0.07	%		0.03	%		0.08	%		-0.06	%		0.06	%
$	4,857.5		$	5,135.1		$	5,703.3		Average Loans Outstanding (1)	$	5,065.9		$	5,373.3		$	5,969.4		$	6,387.1		$	6,643.5		$	6,697.5
$	5,196.6		$	5,083.0		$	6,318.2		EOP Loans Outstanding (1)	$	5,072.3		$	5,538.9		$	6,242.4		$	6,318.2		$	6,652.5		$	6,766.1
	1.05	%		0.93	%		0.76	%	Allowance for Loan Loss / EOP Loans (1)		0.94	%		0.83	%		0.77	%		0.76	%		0.73	%		0.74	%
									Underperforming Assets:
$	1.1		$	0.2		$	0.5		Loans 90 Days & over (still accruing)	$	0.2		$	0.4		$	0.6		$	0.5		$	0.1		$	0.6
									Non-performing Loans:
	254.3			128.4			140.9		Nonaccrual Loans (2)		112.1			118.0			142.3			140.9			155.9			167.8
	9.2			15.7			12.9		Renegotiated Loans		20.4			21.4			22.3			12.9			12.5			13.6
	263.5			144.2			153.7		Total Non-performing Loans		132.5			139.5			164.6			153.7			168.4			181.4
	37.3			21.2			16.4		Foreclosed properties		20.5			17.9			17.6			16.4			15.6			14.1
$	301.9		$	165.7		$	170.5		Total Underperforming Assets	$	153.2		$	157.7		$	182.8		$	170.5		$	184.1		$	196.1
$	355.4		$	195.3		$	250.9		Classified Loans - “Problem Loans”	$	200.9		$	228.7		$	245.1		$	250.9		$	253.2		$	257.1
	59.2			43.9			26.5		Other Classified Assets		42.0			41.5			26.5			26.5			26.2			22.1
	122.6			143.8			199.3		Criticized Loans - “Special Mention Loans”		119.8			119.4			175.8			199.3			190.0			173.9
$	537.2		$	383.0		$	476.7		Total Classified & Criticized Assets	$	362.7		$	389.6		$	447.4		$	476.7		$	469.5		$	453.1
	5.07	%		2.84	%		2.43	%	Non-performing loans / EOP Loans (1)		2.61	%		2.52	%		2.64	%		2.43	%		2.53	%		2.68	%
	21	%		33	%		31	%	Allowance to Non-performing Loans (3)		36	%		33	%		29	%		31	%		29	%		28	%
	5.81	%		3.26	%		2.70	%	Under-performing Assets / EOP Loans (1)		3.02	%		2.85	%		2.93	%		2.70	%		2.77	%		2.90	%
$	9,543.6		$	9,581.7		$	11,647.6		EOP Total Assets (includes covered assets)	$	9,544.8		$	10,387.9		$	11,179.8		$	11,647.6		$	11,951.3		$	12,075.8
	3.16	%		1.73	%		1.46	%	Under-performing Assets / EOP Assets		1.61	%		1.52	%		1.64	%		1.46	%		1.54	%		1.62	%

EOP - End of period actual balances

(1) Excludes loans and leases held for sale.

(2) Includes $25.5 million in 2Q15 of renegotiated loans.

(3) Because the acquired loans were recorded at fair value in accordance with ASC 805 at the date of acquisition, the credit risk is incorporated in the fair value recorded. No allowance for loan losses is recorded on the acquisition date.

(4) The Company entered into separate loss sharing agreements with the FDIC providing for specified credit loss protection for substantially all acquired single family residential loans, commercial loans, and other real estate owned. At June 30, 2015, approximately $135.4 million of loans and $4.8 million of other real estate owned are covered by the loss sharing agreements. As such, eighty percent of losses incurred on these covered assets will be reimbursed to Old National by the FDIC.

PAGE 8

Old National Bancorp

NON-GAAP MEASURES

Second Quarter 2015

($ In Millions except EPS information)

										2014												2015
2012			2013			2014				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr
									Actual EOP Balances
$	1,194.6		$	1,162.6		$	1,465.8		GAAP Shareholders’ Equity	$	1,185.2		$	1,277.3		$	1,407.2		$	1,465.8		$	1,483.3		$	1,456.7
									Deduct:
	338.8			352.7			530.8		Goodwill		352.7			408.5			491.4			530.8			587.9			588.5
	29.2			26.0			38.7		Intangibles		24.1			30.8			39.0			38.7			43.7			41.0
	368.0			378.7			569.5				376.8			439.3			530.5			569.5			631.6			629.5
$	826.5		$	784.0		$	896.2		Tangible Shareholders’ Equity	$	808.4		$	838.1		$	876.7		$	896.2		$	851.6		$	827.3
									Actual EOP Balances
$	9,543.6		$	9,581.7		$	11,647.6		GAAP Assets	$	9,544.8		$	10,387.9		$	11,179.8		$	11,647.6		$	11,951.3		$	12,075.8
									Add:
	0.1			0.1			0.2		Trust Overdrafts		0.0			0.0			0.1			0.2			0.1			0.1
									Deduct:
	338.8			352.7			530.8		Goodwill		352.7			408.5			491.4			530.8			587.9			588.5
	29.2			26.0			38.7		Intangibles		24.1			30.8			39.0			38.7			43.7			41.0
	368.0			378.7			569.5				376.8			439.3			530.5			569.5			631.6			629.5
$	9,175.7		$	9,203.1		$	11,078.2		Tangible Assets	$	9,168.0		$	9,948.7		$	10,649.4		$	11,078.2		$	11,319.7		$	11,446.4
	5,604.9			5,734.0			7,334.0		Risk Weighted Assets		5,729.5			6,339.2			7,063.5			7,334.0			7,694.0			7,991.6
									Actual EOP Balances
$	91.7		$	100.9		$	103.7		GAAP Net Income	$	26.5		$	18.8		$	29.1		$	29.3		$	20.9		$	26.2
									Add:
	6.4			6.5			7.8		Intangible Amortization (net of tax)		1.5			1.7			2.2			2.5			2.8			2.7
$	98.1		$	107.4		$	111.5		Tangible Net Income	$	28.0		$	20.4		$	31.3		$	31.7		$	23.7		$	28.8
									Tangible Ratios
	11.87	%		13.70	%		12.44	%	Return on Tangible Common Equity		13.84	%		9.76	%		14.29	%		14.15	%		11.12	%		13.95	%
	1.07	%		1.17	%		1.01	%	Return on Tangible Assets		1.22	%		0.82	%		1.18	%		1.15	%		0.84	%		1.01	%
	9.01	%		8.52	%		8.09	%	Tangible Common Equity to Tangible Assets		8.82	%		8.42	%		8.23	%		8.09	%		7.52	%		7.23	%
	14.75	%		13.67	%		12.22	%	Tangible Common Equity to Risk Wgt Assets		14.11	%		13.22	%		12.41	%		12.22	%		11.07	%		10.35	%
	8.17			7.85			7.67		Tangible Common Book Value (1)		8.08			7.92			7.69			7.67			7.28			7.18

Tangible Common Equity is defined as GAAP Shareholders’ Equity less Goodwill and Intangibles.

Tangible Common Equity presentation includes Other Comprehensive Income (OCI) as is common in other company releases.

(1) Tangible Common Shareholders’ Equity Divided By Common Shares Issued and Outstanding at Period-End.

PAGE 9