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): October 26, 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 October 26, 2015, Old National Bancorp (the “Company”) issued a press release (“Press Release”) reporting its financial results for the third 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 third-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 third-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 October 26, 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 December 15, 2015, to shareholders of record on December 1, 2015. For purposes of broker trading, the ex-date of the cash dividend is November 27, 2015.

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 October 26, 2015
99.2	Financial Trends issued by Old National Bancorp on October 26, 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: October 26, 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 October 26, 2015
99.2	Financial Trends issued by Old National Bancorp on October 26, 2015

4

EX-99.1

Exhibit 99.1

NASDAQ: ONB

oldnational.com

FOR IMMEDIATE RELEASE October 26, 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 3^rd quarter highlighted by 5.6% annualized loan growth and reduction in noninterest expenses

3^RD QUARTER HIGHLIGHTS:

• Earnings of $37.7 million, or $.33 per common share

• Adjusted net income¹ of $29.4 million, or $.26 per share

• Loan growth of $98.0 million, or 5.6% annualized, over 2Q15, excludes loans sold and covered loans

• Stable Core Net Interest Margin

• Increase in tangible book value¹ of 3.8%

• Decline in noninterest expenses

¹  Adjusted net income and tangible book value are non-GAAP measures – refer to Tables 1&2 for non-GAAP reconciliations

Evansville, Ind. (October 26, 2015) – Today Old National Bancorp (the “Company” or “Old National”) (NASDAQ: ONB) reported 3^rd quarter 2015 net income of $37.7 million, or $.33 per share. These reported quarterly results compare to net income of $26.2 million in the 2^nd quarter of 2015 and $29.1 million recorded in the 3^rd quarter of 2014.

Included in 3^rd quarter 2015 results were $15.4 million in net pre-tax gains as well as $2.0 million in pre-tax charges relating to several strategic initiatives. These initiatives include branch sales and consolidations and integration activity. Excluding the impact of these items, Old National would have reported net income of $29.4 million, or $.26 per share. In addition, the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 became effective for Old National beginning July 1, 2015, resulting in a 3^rd quarter decline in interchange income of $2.7 million.

Also today the Company announced its quarterly cash dividend of $.12 per share. The dividend is payable December 15, 2015, to shareholders of record on December 1, 2015. For purposes of broker trading, the ex-date of the cash dividend is November 27, 2015.

“This was a quarter that saw us continue to execute successfully on our organic growth strategy,” said President & CEO Bob Jones. “Our loan portfolio saw continued growth, along with excellent credit metrics. We believe this, along with the reduction in our expenses, positions us well for 2016 and beyond.”

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.

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.

Page 1 of 8

Grow Organic Revenue

Balance Sheet and Net Interest Margin

Impacting Old National’s balance sheet in the 3^rd quarter were the completion of two sales, totaling 17 banking centers, $193.6 million in loans and $555.8 million in deposits. These sales were both completed on August 14, 2015.

At September 30, 2015, total period-end loans, including loans held for sale, decreased $117.1 million to $6.867 billion from $6.984 billion at June 30, 2015. This decline is attributable to the banking center sales discussed in the preceding paragraph. Excluding the impact of these banking center sales and the change in covered loans, Old National had organic loan growth of $98.0 million, or 5.6%, in the 3^rd quarter. The Louisville, Kentucky market, including the Company’s new Lexington office, the Terre Haute & Lafayette, Indiana market and the Kalamazoo, Michigan market were the best producing regions, increasing $37.8 million, $14.7 million and $11.2 million, respectively, over June 30, 2015, loan balances.

Total core deposits at September 30, 2015, including demand and interest-bearing deposits, decreased $201.7 million to $8.561 billion, compared to the $8.763 billion at June 30, 2015. This decline is attributable to the banking center sales discussed above. Excluding the impact of these banking center sales, Old National’s deposits grew $354.1 million in the 3^rd quarter.

Net interest income in the 3^rd quarter of 2015 totaled $97.1 million compared to $92.1 million in the 2^nd quarter of 2015, and $108.4 million in the 3^rd quarter of 2014. Net interest income on a fully taxable equivalent basis was $102.1 million for the 3^rd quarter of 2015 and represented a net interest margin on total average earning assets of 3.94%. These results compare to net interest income on a fully taxable equivalent basis of $96.9 million and a margin of 3.75% in the 2^nd quarter of 2015. In the 3^rd quarter of 2014, Old National reported net interest income on a fully taxable equivalent basis of $112.9 million and a margin of 4.78%. Refer to Tables A, B and C for Non-GAAP taxable equivalent reconciliations.

As part of net interest income, Old National recorded $20.6 million, or an 80 basis point contribution to net interest margin, in accretion income in the 3^rd quarter of 2015 related to purchase accounting discounts from various acquisitions. Total accretion income in the 2^nd quarter of 2015 and the 3^rd quarter of 2014 reported by Old National was $15.6 million, or a 60 basis point net interest margin contribution, and $34.3 million, or a 146 basis point net interest margin contribution, respectively. Excluding accretion income, the core net interest margin was 3.14%, 3.15% and 3.32%, for the 3^rd quarter of 2015, the 2^nd quarter of 2015 and the 3^rd 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 $58.8 million for the 3^rd quarter of 2015. This compares to $54.4 million in the 2^nd quarter of 2015 and $31.7 million in the 3^rd quarter of 2014. Included in the 3^rd quarter of 2015 is a $15.4 million net gain relating to the branch sales. The current quarter also contained a $6.6 million unfavorable change in the indemnification asset relating to the 2011 FDIC-assisted acquisition of Integra Bank, compared to unfavorable changes of $1.5 million and $19.1 million recorded in the 2^nd quarter of 2015 and the 3^rd quarter of 2014, respectively. In addition, the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 became effective for Old National beginning July 1, 2015, resulting in a 3^rd quarter decline in interchange income of $2.7 million.

Improve Operating Leverage

Old National recorded $102.6 million of total noninterest expenses in the 3^rd quarter of 2015 compared to $109.7 million in the 2^nd quarter of 2015 and $100.0 million recorded in the 3^rd quarter of 2014. Included in 3^rd quarter of 2015 are $2.0 million pre-tax charges relating to the Company’s strategic initiatives described on page 1 of this release. This compares to $5.5 million in similar charges recorded in the 2^nd quarter of 2015. Also impacting year-over-year comparisons are the operational costs associated with the United, LSB and Founders acquisitions, which closed in July and November of 2014, and January of 2015, respectively, adding 27 branches to the Old National franchise. As of September 30, 2015, Old National has 164 branches throughout its franchise.

Page 2 of 8

Prudent Use of Capital

Old National’s capital position remained above regulatory guideline minimums at September 30, 2015, with regulatory tier 1 and total risk-based capital ratios of 12.5% and 13.2%, respectively, compared to 11.6% and 12.2% at June 30, 2015, and 13.0% and 13.8% at September 30, 2014. Old National repurchased .7 million shares of stock in the open market during the 3^rd quarter of 2015 and has .3 million shares remaining under the current authorization.

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

	Fully Phased-In Regulatory Guidelines Minimum			Consolidated ONB at September 30, 2015
Tier 1 Risk-Based Capital Ratio		> 8.5	%		12.5	%
Total Risk-Based Capital Ratio		> 10.5	%		13.2	%
Common Equity Tier 1 Capital Ratio		> 7.0	%		12.1	%
Tier 1 Leverage Capital Ratio		> 4.0	%		8.4	%

Old National’s ratio of tangible common equity to tangible assets was 7.56% at September 30, 2015, compared to 7.23% at June 30, 2015, and 8.23% at September 30, 2014. Refer to Table 2 for Non-GAAP reconciliations.

Maintain a Strong Credit Culture

Old National recorded provision expense of $.2 million and had net recoveries of $.9 million in the 3^rd quarter of 2015. These results compare to $2.3 million in provision expense and net charge-offs of $1.0 million, and a provision expense of $2.6 million and net charge-offs of $.5 million, in the 2^nd quarter of 2015 and the 3^rd quarter of 2014, respectively. Net recoveries for the 3^rd quarter of 2015 were .05% of average total loans on an annualized basis, compared to net charge-offs of .06% of average total loans in the 2^nd quarter of 2015 and net charge-offs of .03% of average total loans in the 3^rd quarter of 2014. On a year-to-date basis, Old National reported net recoveries of $.9 million and recorded provision expense of $2.4 million.

At September 30, 2015, Old National’s allowance for loan losses was $51.2 million, or .75% of total loans, compared to an allowance of $50.2 million, or .74% of total loans at June 30, 2015, and $48.3 million, or .77% of total loans, at September 30, 2014. The coverage ratio (allowance to non-performing loans) stood at 33% at September 30, 2015, compared to 28% at June 30, 2015, and 29% at September 30, 2014. Impacting these ratios are the Company’s recent acquisitions in which the loan portfolios were booked at fair value in accordance with ASC 805. 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)	3Q14			2Q15			3Q15
Non-Performing Loans (NPLs)	$	164.6		$	181.4		$	154.8
Problem Loans (Including NPLs)		245.1			257.1			252.4
Special Mention Loans		175.8			173.9			141.2
Net Charge-Off(Recoveries) Ratio		.03	%		.06	%		(.05	)%
Provision for Loan Losses	$	2.6		$	2.3		$	.2
Allowance for Loan Losses		48.3			50.2			51.2

Page 3 of 8

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 $11.9 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, East Central 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, October 26, 2015, to discuss third-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 October 26 through November 9. To access the replay, dial 1-855-859-2056, Conference ID Code 45967302.

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, shares in 000s)	Reported 3Q15			Adjustments			Adjusted 3Q15
Total Revenues (FTE Basis)	$	161.8		$	(15.4	)	$	146.4
Less: Provision for Loan Losses		(.2	)		—			(.2	)
Less: Noninterest Expenses		(102.6	)		2.0			(100.6	)
Income before Income Taxes	$	59.0		$	(13.4	)	$	45.6
Income Taxes		(21.4	)		5.1			(16.2	)
Net Income	$	37.7		$	(8.3	)	$	29.4
Average Shares Outstanding		115,153			—			115,153
Earnings Per Share	$	.33		$	(.07	)	$	.26

Table 2: Non-GAAP Reconciliation-Tangible Book Value and Tangible Equity to Tangible Assets

(end of period balances - $ in millions, shares in 000s)	Sept. 30, 2014			June 30, 2015			Sept. 30, 2015
Total Shareholders’ Equity	$	1,407.2		$	1,456.7		$	1,476.0
Deduct: Goodwill and Intangible Assets		(530.5	)		(629.5	)		(622.8	)
Tangible Shareholders’ Equity	$	876.7		$	827.3		$	853.2
Total Assets	$	11,179.8		$	12,075.8		$	11,915.2
Add: Trust Overdrafts		.1			0.1			0.1
Deduct: Goodwill and Intangible Assets		(530.5	)		(629.5	)		(622.8	)
Tangible Assets	$	10,649.4		$	11,446.4		$	11,292.5
Tangible Equity to Tangible Assets		8.23	%		7.23	%		7.56	%
Common Shares Outstanding		113,984			115,205			114,523
Tangible Book Value	$	7.69		$	7.18		$	7.45

Page 4 of 8

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.

Page 5 of 8

OLD NATIONAL BANCORP

Financial Highlights (Table A)

	Three-Months Ended
($ in thousands except per-share data) (FTE) Fully taxable equivalent basis.	Sept. 30, 2015			June 30, 2015			$ Change			% Change
Income Data:
Net Interest Income	$	97,104		$	92,097		$	5,007			5.4
Taxable Equivalent Adjustment		4,965			4,757			208			4.4
Net Interest Income (FTE)		102,069			96,854			5,215			5.4
Fees, Service Charges and Other Revenues		58,812			54,425			4,387			8.1
Securities Gains (Losses) (a)		861			512			349			68.2
Derivative Gains (Losses)		71			42			29			69.0
Total Revenue (FTE)		161,813			151,833			9,980			6.6
Provision for Loan Losses		167			2,271			(2,104	)		(92.6	)
Noninterest Expense		102,617			109,690			(7,073	)		(6.4	)
Income before Taxes		59,029			39,872			19,157			48.0
Provision for Taxes (FTE)		21,360			13,716			7,644			55.7
Net Income		37,669			26,156			11,513			44.0
Per Common Share Data: (Diluted) (b)
Net Income Attributable to Common Shareholders		0.33			0.22			0.11			50.0
Average Diluted Shares Outstanding		115,153			116,223			(1,070	)		(0.9	)
Book Value		12.89			12.64			0.25			2.0
Stock Price		13.93			14.46			(0.53	)		(3.7	)
Performance Ratios:
Return on Average Assets		1.26	%		0.88	%		0.38	%		43.2
Return on Average Common Equity (c)		10.27			7.11			3.16			44.4
Net Interest Margin (FTE)		3.94			3.75			0.19			5.1
Other Expense to Revenue (Efficiency Ratio) (d)		61.97			70.52			(8.55	)		(12.1	)
Net Charge-offs to Average Loans (e)		(0.05	)		0.06			(0.11	)		(183.3	)
Reserve for Loan Losses to Ending Loans (e)		0.75			0.74			0.01			1.4
Non-Performing Loans to Ending Loans (e)		2.26			2.68			(0.42	)		(15.7	)
Balance Sheet:
Average Assets	$	11,927,809		$	11,911,639		$	16,170			0.1
End of Period Balances:
Assets		11,915,163			12,075,820			(160,657	)		(1.3	)
Investments		3,460,917			3,471,440			(10,523	)		(0.3	)
Money Market Investments (f)		15,491			16,228			(737	)		(4.5	)
Commercial Loans and Leases		1,750,809			1,788,912			(38,103	)		(2.1	)
Commercial Real Estate Loans		1,870,169			1,806,251			63,918			3.5
Consumer Loans		1,568,680			1,528,799			39,881			2.6
Residential Real Estate Loans		1,658,240			1,642,100			16,140			1.0
Loans Held for Sale		18,783			217,667			(198,884	)		(91.4	)
Earning Assets		10,343,089			10,471,397			(128,308	)		(1.2	)
Core Deposits (Excluding Brokered CDs)		8,561,114			8,762,770			(201,656	)		(2.3	)
Borrowed Funds (Including Brokered CDs)		1,655,431			1,646,586			8,845			0.5
Common Shareholders’ Equity		1,476,002			1,456,723			19,279			1.3

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

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

(c) Based on average common shareholders’ equity of $1,466,677 and $1,471,922, respectively, for September 30, 2015, and June 30, 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.

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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.	Sept. 30, 2015			Sept. 30, 2014			$ Change			% Change
Income Data:
Net Interest Income	$	97,104		$	108,367		$	(11,263	)		(10.4	)
Taxable Equivalent Adjustment		4,965			4,488			477			10.6
Net Interest Income (FTE)		102,069			112,855			(10,786	)		(9.6	)
Fees, Service Charges and Other Revenues		58,812			31,664			27,148			85.7
Securities Gains (Losses) (a)		861			2,713			(1,852	)		(68.3	)
Derivative Gains (Losses)		71			41			30			73.2
Total Revenue (FTE)		161,813			147,273			14,540			9.9
Provision for Loan Losses		167			2,591			(2,424	)		(93.6	)
Noninterest Expense		102,617			99,965			2,652			2.7
Income before Taxes		59,029			44,717			14,312			32.0
Provision for Taxes (FTE)		21,360			15,583			5,777			37.1
Net Income		37,669			29,134			8,535			29.3
Per Common Share Data: (Diluted) (b)
Net Income Attributable to Common Shareholders		0.33			0.26			0.07			26.9
Average Diluted Shares Outstanding		115,153			111,947			3,206			2.9
Book Value		12.89			12.35			0.54			4.4
Stock Price		13.93			12.97			0.96			7.4
Performance Ratios:
Return on Average Assets		1.26	%		1.07	%		0.19	%		17.8
Return on Average Common Equity (c)		10.27			8.54			1.73			20.3
Net Interest Margin (FTE)		3.94			4.78			(0.84	)		(17.6	)
Other Expense to Revenue (Efficiency Ratio) (d)		61.97			67.41			(5.44	)		(8.1	)
Net Charge-offs to Average Loans (e)		(0.05	)		0.03			(0.08	)		(266.7	)
Reserve for Loan Losses to Ending Loans (e)		0.75			0.77			(0.02	)		(2.6	)
Non-Performing Loans to Ending Loans (e)		2.26			2.64			(0.38	)		(14.4	)
Balance Sheet:
Average Assets	$	11,927,809		$	10,853,047		$	1,074,762			9.9
End of Period Balances:
Assets		11,915,163			11,179,752			735,411			6.6
Investments		3,460,917			3,407,989			52,928			1.6
Money Market Investments (f)		15,491			25,599			(10,108	)		(39.5	)
Commercial Loans and Leases		1,750,809			1,667,150			83,659			5.0
Commercial Real Estate Loans		1,870,169			1,659,565			210,604			12.7
Consumer Loans		1,568,680			1,345,720			222,960			16.6
Residential Real Estate Loans		1,658,240			1,570,000			88,240			5.6
Loans Held for Sale		18,783			12,875			5,908			45.9
Earning Assets		10,343,089			9,688,898			654,191			6.8
Core Deposits (Excluding Brokered CDs)		8,561,114			8,167,743			393,371			4.8
Borrowed Funds (Including Brokered CDs)		1,655,431			1,406,537			248,894			17.7
Common Shareholders’ Equity		1,476,002			1,407,180			68,822			4.9

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

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

(c) Based on average common shareholders’ equity of $1,466,677 and $1,364,951 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.

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OLD NATIONAL BANCORP

Financial Highlights (Table C)

	Nine-Months Ended
($ in thousands except per-share data) (FTE) Fully taxable equivalent basis.	Sept. 30, 2015			Sept. 30, 2014			$ Change			% Change
Income Data:
Net Interest Income	$	280,194		$	276,327		$	3,867			1.4
Taxable Equivalent Adjustment		14,380			12,675			1,705			13.5
Net Interest Income (FTE)		294,574			289,002			5,572			1.9
Fees, Service Charges and Other Revenues		165,790			109,482			56,308			51.4
Securities Gains (Losses) (a)		4,056			4,861			(805	)		(16.6	)
Derivative Gains (Losses)		172			291			(119	)		(40.9	)
Total Revenue (FTE)		464,592			403,636			60,956			15.1
Provision for Loan Losses		2,439			2,228			211			9.5
Noninterest Expense		328,463			286,321			42,142			14.7
Income before Taxes		133,690			115,087			18,603			16.2
Provision for Taxes (FTE)		48,959			40,670			8,289			20.4
Net Income		84,731			74,417			10,314			13.9
Per Common Share Data: (Diluted) (b)
Net Income Attributable to Common Shareholders		0.73			0.70			0.03			4.3
Average Diluted Shares Outstanding		116,800			105,559			11,241			10.6
Book Value		12.89			12.35			0.54			4.4
Stock Price		13.93			12.97			0.96			7.4
Performance Ratios:
Return on Average Assets		0.95	%		0.98	%		(0.03	)%		(3.1	)
Return on Average Common Equity (c)		7.63			7.85			(0.22	)		(2.8	)
Net Interest Margin (FTE)		3.80			4.37			(0.57	)		(13.0	)
Other Expense to Revenue (Efficiency Ratio) (d)		69.38			70.21			(0.83	)		(1.2	)
Net Charge-offs to Average Loans (e)		(0.02	)		0.03			(0.05	)		(166.7	)
Reserve for Loan Losses to Ending Loans (e)		0.75			0.77			(0.02	)		(2.6	)
Non-Performing Loans to Ending Loans (e)		2.26			2.64			(0.38	)		(14.4	)
Balance Sheet:
Average Assets	$	11,923,527		$	10,124,212		$	1,799,315			17.8
End of Period Balances:
Assets		11,915,163			11,179,752			735,411			6.6
Investments		3,460,917			3,407,989			52,928			1.6
Money Market Investments (f)		15,491			25,599			(10,108	)		(39.5	)
Commercial Loans and Leases		1,750,809			1,667,150			83,659			5.0
Commercial Real Estate Loans		1,870,169			1,659,565			210,604			12.7
Consumer Loans		1,568,680			1,345,720			222,960			16.6
Residential Real Estate Loans		1,658,240			1,570,000			88,240			5.6
Loans Held for Sale		18,783			12,875			5,908			45.9
Earning Assets		10,343,089			9,688,898			654,191			6.8
Core Deposits (Excluding Brokered CDs)		8,561,114			8,167,743			393,371			4.8
Borrowed Funds (Including Brokered CDs)		1,655,431			1,406,537			248,894			17.7
Common Shareholders’ Equity		1,476,002			1,407,180			68,822			4.9

(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 $1,480,308 and $1,264,214 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.

Page 8 of 8

EX-99.2

Exhibit 99.2

Financial Trends

Third Quarter 2015

October 26, 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

Third 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		$	37.7
	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			37.7
									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		$	0.33
									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	%		10.27	%
	1.04	%		1.05	%		0.99	%	Return on Average Assets		1.12	%		0.75	%		1.07	%		1.03	%		0.70	%		0.88	%		1.26	%
	71.83	%		68.61	%		70.03	%	Efficiency Ratio (2)		67.77	%		75.85	%		67.41	%		69.54	%		76.27	%		70.52	%		61.97	%
	4.23	%		4.02	%		4.22	%	Net Interest Margin (FTE)		4.22	%		4.07	%		4.78	%		3.83	%		3.70	%		3.75	%		3.94	%
									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			11.5	%		11.2	%		12.1	%
	13.6	%		14.3	%		12.9	%	Tier 1		14.8	%		14.0	%		13.0	%		12.9	%		11.9	%		11.6	%		12.5	%
	14.7	%		15.2	%		13.6	%	Total		15.7	%		14.7	%		13.8	%		13.6	%		12.6	%		12.2	%		13.2	%
	8.5	%		8.9	%		8.8	%	Leverage Ratio (to Average Assets)		9.3	%		9.3	%		8.9	%		8.8	%		8.3	%		8.2	%		8.4	%
	12.49	%		12.33	%		12.57	%	Total Equity to Assets (Averages)		12.38	%		12.49	%		12.58	%		12.79	%		12.59	%		12.36	%		12.30	%
	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	%		7.56	%
									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			0.12
	38	%		40	%		46	%	Dividend Payout Ratio		41	%		61	%		42	%		44	%		68	%		53	%		36	%
	11.81			11.64			12.54		Common Book Value (EOP)		11.84			12.07			12.35			12.54			12.68			12.64			12.89
	11.87			15.37			14.88		Market Value (EOP)		14.91			14.28			12.97			14.88			14.19			14.46			13.93
	8.17			7.85			7.67		Tangible Common Book Value (1)		8.08			7.92			7.69			7.67			7.28			7.18			7.45
									Other Statistics
	2,684			2,608			2,938		Full Time Equivalent Employees		2,570			2,653			2,920			2,938			2,983			2,865			2,675

(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)

Nine Months						Change							Third Quarter						Change
2015			2014			$			%				2015			2014			$			%
$	304.2		$	292.4		$	11.8			4.0	%	Interest Income	$	105.7		$	114.6		$	(8.9	)		-7.8	%
	24.0			16.1			8.0			49.4	%	Less: Interest Expense		8.6			6.3			2.3			37.0	%
	280.2			276.3			3.9			1.4	%	Net Interest Income		97.1			108.4			(11.3	)		-10.4	%
	26.3			20.5			5.8			28.1	%	Wealth Management Fees		8.3			7.2			1.1			15.3	%
	33.3			35.4			(2.1	)		-5.9	%	Service Charges on Deposit Accounts		11.0			12.5			(1.5	)		-11.8	%
	17.7			19.0			(1.3	)		-7.0	%	Debit Card and ATM Fees		3.9			6.8			(2.9	)		-42.9	%
	10.4			3.6			6.8			186.6	%	Mortgage Banking Revenue		3.2			1.7			1.4			82.7	%
	32.2			31.5			0.7			2.2	%	Insurance Premiums and Commissions		9.9			9.8			0.2			1.8	%
	13.5			12.7			0.9			6.9	%	Investment Product Fees		4.4			4.7			(0.3	)		-5.5	%
	6.5			4.9			1.6			32.3	%	Company-owned Life Insurance		2.2			1.8			0.4			19.8	%
	(9.1	)		(36.9	)		27.8			-75.4	%	Change in Indemnification Asset		(6.6	)		(19.1	)		12.5			-65.5	%
	34.9			18.7			16.2			86.7	%	Other Income		22.5			6.3			16.2			258.0	%
	165.8			109.5			56.3			51.4	%	Total Fees, Service Charges & Other Rev.		58.8			31.7			27.1			85.7	%
	4.1			4.9			(0.8	)		-16.6	%	Gains (Losses) Sales of Securities (1)		0.9			2.7			(1.9	)		-68.3	%
	0.2			0.3			(0.1	)		-40.8	%	Gains (Losses) Derivatives		0.1			0.0			0.0			73.9	%
	170.0			114.6			55.4			48.3	%	Total Noninterest Income		59.7			34.4			25.3			73.6	%
	450.2			391.0			59.3			15.2	%	Total Revenues		156.8			142.8			14.1			9.8	%
	187.1			161.1			26.0			16.2	%	Salaries and Employee Benefits		58.2			54.6			3.5			6.4	%
	41.4			36.4			5.1			13.9	%	Occupancy		13.0			12.7			0.3			2.2	%
	10.3			9.5			0.8			8.5	%	Equipment		3.0			3.3			(0.4	)		-10.6	%
	8.6			7.0			1.6			23.4	%	Marketing		2.7			2.4			0.3			14.5	%
	21.3			18.5			2.8			15.3	%	Data Processing		6.6			6.4			0.2			3.5	%
	7.5			7.6			(0.1	)		-1.2	%	Communication		2.3			2.6			(0.3	)		-12.0	%
	8.9			12.7			(3.7	)		-29.3	%	Professional Fees		2.4			5.3			(2.9	)		-54.3	%
	4.6			4.4			0.2			3.4	%	Loan Expenses		1.4			1.7			(0.2	)		-14.1	%
	1.7			2.3			(0.6	)		-24.7	%	Supplies		0.4			0.8			(0.3	)		-43.8	%
	5.6			4.6			1.0			22.7	%	FDIC Assessment		1.7			1.7			0.1			3.7	%
	2.2			2.8			(0.6	)		-19.9	%	Other Real Estate Owned Expense		0.6			0.8			(0.2	)		-23.0	%
	8.9			6.4			2.6			40.4	%	Intangible Amortization		2.9			2.5			0.4			14.0	%
	20.2			13.3			6.9			52.1	%	Other Expense		7.3			5.2			2.2			42.4	%
	328.5			286.3			42.1			14.7	%	Total Noninterest Expense		102.6			100.0			2.7			2.7	%
	2.4			2.2			0.2			9.5	%	Provision for loan losses		0.2			2.6			(2.4	)		-93.5	%
	119.3			102.4			16.9			16.5	%	Income (loss) before Income Taxes		54.1			40.2			13.8			34.4	%
	34.6			28.0			6.6			23.5	%	Total Taxes		16.4			11.1			5.3			47.8	%
$	84.7		$	74.4		$	10.3			13.9	%	Net Income (Loss)	$	37.7		$	29.1		$	8.5			29.3	%
												Diluted EPS
	$0.73		$	0.70		$	0.03			4.1	%	Net Income (Loss) Avail to Common	$	0.33		$	0.26		$	0.07			25.8	%
												Average Common Shares Outstanding (000’s)
	116,272			105,086			11,187			10.6	%	Basic		114,590			111,428			3,162			2.8	%
	116,800			105,559			11,241			10.6	%	Diluted		115,153			111,947			3,205			2.9	%
	114,523			113,984			538			0.5	%	Common Shares Outstanding (EOP) (000’s)		114,523			113,984			538			0.5	%

(1) Includes $0.9 million of net gains and $0.0 million of OTTI in 3Q15 and $2.7 million of net gains and $0.0 million of OTTI in 3Q14. Includes $4.1 million of net gains and $0.0 million of OTTI in YTD 2015 and $5.0 million of net gains and $0.1 million of OTTI in YTD 2014.

EOP - End of period actual balances                                 OTTI - Other Than Temporary Impairment

PAGE 2

Old National Bancorp

NET INCOME TRENDS

Third 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		$	105.7
	35.9			24.4			23.4		Less: Interest Expense		4.8			5.0			6.3			7.3			7.6			7.9			8.6
	308.8			317.4			366.4		Net Interest Income		83.5			84.5			108.4			90.0			91.0			92.1			97.1
	21.5			23.5			28.7		Wealth Management Fees		5.8			7.5			7.2			8.3			8.5			9.4			8.3
	51.5			49.6			47.4		Service Charges on Deposit Accounts		11.1			11.8			12.5			12.0			11.0			11.3			11.0
	24.0			25.0			25.8		Debit Card and ATM Fees		5.7			6.5			6.8			6.8			6.7			7.1			3.9
	3.7			4.4			6.0		Mortgage Banking Revenue		0.6			1.3			1.7			2.4			3.0			4.3			3.2
	37.1			38.5			41.5		Insurance Premiums and Commissions		12.0			9.8			9.8			9.9			12.1			10.2			9.9
	12.7			16.0			17.1		Investment Product Fees		3.9			4.1			4.7			4.5			4.4			4.7			4.4
	6.5			7.5			6.9		Company-owned Life Insurance		1.5			1.6			1.8			2.0			2.2			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	)		(6.6	)
	21.7			26.1			24.6		Other Income		6.7			5.7			6.3			6.0			5.6			6.8			22.5
	175.4			181.2			155.0		Total Fees, Service Charges & Other Rev.		39.9			37.9			31.7			45.6			52.6			54.4			58.8
	13.6			3.3			9.7		Gains (Losses) Sales of Securities (1)		0.5			1.7			2.7			4.9			2.7			0.5			0.9
	0.8			0.2			0.4		Gains (Losses) Derivatives		0.2			0.1			0.0			0.1			0.1			0.0			0.1
	189.8			184.8			165.1		Total Noninterest Income		40.6			39.7			34.4			50.5			55.3			55.0			59.7
	498.6			502.2			531.5		Total Revenues		124.0			124.1			142.8			140.5			146.3			147.1			156.8
	193.9			202.4			219.3		Salaries and Employee Benefits		51.4			55.1			54.6			58.2			69.7			59.2			58.2
	50.9			48.4			49.1		Occupancy		10.9			12.7			12.7			12.7			14.3			14.1			13.0
	11.7			11.9			12.5		Equipment		3.0			3.2			3.3			2.9			3.9			3.4			3.0
	7.5			7.2			9.6		Marketing		2.2			2.4			2.4			2.6			2.2			3.7			2.7
	22.0			21.6			25.4		Data Processing		5.6			6.5			6.4			6.9			6.6			8.1			6.6
	10.9			10.5			10.5		Communication		2.6			2.3			2.6			2.9			2.7			2.4			2.3
	12.0			11.9			16.4		Professional Fees		3.7			3.6			5.3			3.7			3.1			3.4			2.4
	7.0			7.0			6.1		Loan Expenses		1.3			1.4			1.7			1.7			1.3			1.8			1.4
	2.7			2.4			3.0		Supplies		0.7			0.8			0.8			0.7			0.7			0.6			0.4
	6.0			5.1			6.3		FDIC Assessment		1.4			1.4			1.7			1.7			1.9			2.0			1.7
	17.1			4.1			3.1		Other Real Estate Owned Expense		0.8			1.3			0.8			0.3			1.2			0.5			0.6
	7.9			8.2			9.1		Intangible Amortization		1.8			2.0			2.5			2.8			3.1			3.0			2.9
	16.0			21.3			16.2		Other Expense		2.8			5.3			5.2			2.9			5.4			7.5			7.3
	365.8			362.0			386.4		Total Noninterest Expense		88.3			98.1			100.0			100.1			116.2			109.7			102.6
	5.0			(2.3	)		3.1		Provision for Loan Losses		0.0			(0.4	)		2.6			0.9			0.0			2.3			0.2
	127.8			142.5			142.0		Income (loss) before Income Taxes		35.8			26.4			40.2			39.6			30.1			35.1			54.1
	36.1			41.6			38.3		Total Taxes		9.2			7.7			11.1			10.3			9.2			9.0			16.4
$	91.7		$	100.9		$	103.7		Net Income (Loss)	$	26.5		$	18.8		$	29.1		$	29.3		$	20.9		$	26.2		$	37.7
$	0.95		$	1.00		$	0.95		Net Income (Loss) Avail to Common	$	0.26		$	0.18		$	0.26		$	0.25		$	0.18		$	0.22		$	0.33
	96,440			100,712			107,818		Average Basic Common Shares (000’s)		99,797			103,904			111,428			115,924			118,540			115,732			114,590
	96,833			101,198			108,365		Average Diluted Common Shares (000’s)		100,325			104,361			111,947			116,592			119,076			116,223			115,153

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

PAGE 3

Old National Bancorp

Balance Sheet (EOP)

Third Quarter 2015

($ in Millions)

																Change from Prior Year
	9/30/2015			6/30/2015			3/31/2015			12/31/2014			9/30/2014			9/30/2015 vs. 9/30/2014					12/31/2013			12/31/2012
Assets
Fed Reserve Bank Account	$	10.9		$	11.3		$	12.8		$	20.0		$	19.9		$	(9.0	)	-45.2	%	$	11.2		$	41.9
Money Market Investments		4.6			4.9			6.6			12.1			5.7			(1.1	)	-19.6	%		4.9			3.9
Investments:
Treasury & Gov’t Sponsored Agencies		797.7			851.7			900.9			868.3			807.6			(9.8	)	-1.2	%		619.3			703.1
Mortgage-backed Securities		1,154.1			1,123.7			1,112.3			1,265.3			1,252.5			(98.3	)	-7.9	%		1,342.1			1,250.6
States & Political Subdivisions		1,079.7			1,047.2			988.8			967.7			927.5			152.2		16.4	%		825.5			746.6
Other Securities		429.4			448.8			458.6			445.6			420.4			9.0		2.1	%		392.2			244.3
Total Investments		3,460.9			3,471.4			3,460.5			3,546.9			3,408.0			52.9		1.6	%		3,179.1			2,944.6
Loans Held for Sale		18.8			217.7			210.5			213.5			12.9			5.9		45.9	%		7.7			12.6
Loans:
Commercial		1,725.0			1,758.4			1,649.4			1,610.3			1,627.4			97.5		6.0	%		1,345.6			1,279.2
Commercial Leases		15.5			17.7			18.9			19.3			20.4			(5.0	)	-24.3	%		27.8			57.7
Commercial & Agriculture Real Estate		1,845.9			1,767.4			1,813.6			1,711.1			1,614.6			231.3		14.3	%		1,160.9			1,255.9
Consumer:
Home Equity		364.0			380.1			380.7			361.1			342.4			21.6		6.3	%		248.5			253.6
Other Consumer Loans		1,143.2			1,084.4			1,027.8			949.5			932.3			210.9		22.6	%		722.8			653.3
Subtotal of Commercial & Consumer Loans		5,093.6			5,007.9			4,890.3			4,651.3			4,537.1			556.4		12.3	%		3,505.6			3,499.6
Residential Real Estate		1,640.3			1,622.8			1,625.4			1,519.2			1,547.0			93.3		6.0	%		1,359.5			1,324.7
Covered Loans		114.0			135.4			136.8			147.7			158.3			(44.3	)	-28.0	%		217.8			372.3
Total Loans		6,847.9			6,766.1			6,652.5			6,318.2			6,242.4			605.5		9.7	%		5,083.0			5,196.6
Total Earning Assets		10,343.1			10,471.4			10,342.9			10,110.7			9,688.9			654.2		6.8	%		8,285.9			8,199.6
Allowance for Loan Losses		(51.2	)		(50.2	)		(48.9	)		(47.8	)		(48.3	)		2.9		6.1	%		(47.1	)		(54.8	)
Nonearning Assets:
Cash and Due from Banks		157.9			179.0			196.0			207.9			205.9			(47.9	)	-23.3	%		190.6			218.3
Premises & Equipment		130.3			131.3			132.1			135.9			130.2			0.1		0.1	%		108.3			89.9
Goodwill & Intangible Assets		622.8			629.5			631.6			569.5			530.5			92.3		17.4	%		378.7			368.0
Company-owned Life Insurance		339.4			337.8			336.0			325.6			316.2			23.2		7.3	%		275.1			270.6
FDIC Indemnification Asset		8.9			16.5			20.0			20.6			28.0			(19.1	)	-68.2	%		88.5			116.6
Covered ORE		4.4			4.8			7.1			9.1			9.5			(5.1	)	-53.4	%		13.7			26.1
Other Assets		359.6			355.8			334.5			316.0			318.9			40.7		12.8	%		288.1			309.2
Total Nonearning Assets		1,623.3			1,654.6			1,657.3			1,584.7			1,539.1			84.2		5.5	%		1,343.0			1,398.8
Total Assets	$	11,915.2		$	12,075.8		$	11,951.3		$	11,647.6		$	11,179.8		$	735.4		6.6	%	$	9,581.7		$	9,543.6
Liabilities & Equity
Noninterest-bearing Demand Deposits	$	2,388.9		$	2,557.7		$	2,553.8		$	2,427.7		$	2,371.0		$	17.8		0.8	%	$	2,026.5		$	2,007.8
NOW Accounts		2,001.1			2,213.9			2,218.2			2,176.9			2,069.5			(68.4	)	-3.3	%		1,775.9			1,827.7
Savings Accounts		2,201.1			2,352.9			2,384.5			2,222.6			2,178.1			23.0		1.1	%		1,941.7			1,869.4
Money Market Accounts		1,043.1			602.3			636.9			574.5			547.1			496.1		90.7	%		448.8			292.9
Other Time under $100,000		619.7			708.4			757.1			780.2			724.2			(104.4	)	-14.4	%		752.7			915.7
Other Time $100,000 & over		307.2			327.7			315.1			272.3			277.9			29.4		10.6	%		265.3			365.5
Total Core Deposits		8,561.1			8,762.8			8,865.7			8,454.2			8,167.7			393.4		4.8	%		7,210.9			7,278.9
Brokered CD’s		60.2			46.8			61.8			36.5			39.6			20.7		52.2	%		—			0.1
Total Deposits		8,621.3			8,809.6			8,927.5			8,490.7			8,207.3			414.0		5.0	%		7,210.9			7,279.0
Short-term Borrowings		474.9			530.4			463.0			551.3			495.3			(20.4	)	-4.1	%		462.3			589.8
Other Borrowings		1,120.3			1,069.4			870.6			920.1			871.7			248.6		28.5	%		556.4			237.5
Total Borrowed Funds		1,595.2			1,599.8			1,333.6			1,471.4			1,367.0			228.2		16.7	%		1,018.7			827.3
Accrued Expenses & Other Liabilities		222.6			209.7			206.9			219.7			198.3			24.3		12.3	%		189.5			242.8
Total Liabilities		10,439.2			10,619.1			10,468.0			10,181.8			9,772.6			666.6		6.8	%		8,419.1			8,349.1
Common Stock, Surplus & Retained Earnings		1,510.4			1,494.8			1,507.5			1,497.3			1,437.8			72.6		5.0	%		1,207.1			1,164.8
Other Comprehensive Income		(34.4	)		(38.1	)		(24.2	)		(31.6	)		(30.6	)		(3.8	)	-12.3	%		(44.5	)		29.8
Total Shareholders Equity		1,476.0			1,456.7			1,483.3			1,465.8			1,407.2			68.8		4.9	%		1,162.6			1,194.6
Total Liabilities & Shareholders Equity	$	11,915.2		$	12,075.8		$	11,951.3		$	11,647.6		$	11,179.8		$	735.4		6.6	%	$	9,581.7		$	9,543.6

EOP - End of period actual balances

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		$	22.2
	5.6			5.6			7.6		Money Market Investments		6.0			6.5			8.8			9.9			12.1			4.5			11.0
									Investments:
	538.2			607.5			760.6		Treasury & Gov’t Sponsored Agencies		640.3			739.1			820.2			839.8			890.0			839.5			820.4
	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			1,123.7
	684.6			818.4			889.3		States & Political Subdivisions		824.5			893.2			929.6			908.7			976.9			976.0			1,052.5
	214.6			289.0			418.7		Other Securities		403.2			416.8			421.1			433.4			454.1			452.2			440.6
	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			3,437.2
	4.9			8.6			9.3		Loans Held for Sale		3.8			6.5			13.6			13.1			202.1			202.9			102.7
	—			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			1,713.4
	68.3			41.0			22.9		Commercial Leases		26.2			24.2			21.8			19.7			20.3			18.2			16.2
	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			1,803.9
									Consumer:
	250.7			263.2			313.1		Home Equity		262.7			284.1			340.2			364.0			379.2			375.7			371.1
	621.8			648.7			827.0		Other Consumer Loans		719.8			768.7			861.7			954.7			999.7			1,067.7			1,112.9
	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			5,017.5
	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			1,643.0
	508.9			292.3			177.2		Covered Loans		204.6			185.7			164.8			153.8			142.7			134.0			131.2
	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			6,791.6
	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			10,364.7
	(56.1	)		(50.6	)		(47.3	)	Allowance for Loan Losses		(46.6	)		(47.4	)		(46.6	)		(48.4	)		(49.4	)		(48.6	)		(51.4	)
	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			1,614.5
$	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		$	11,927.8
									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		$	2,500.5
	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			2,099.7
	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			2,278.5
	289.0			368.4			490.2		Money Market Accounts		448.0			442.7			511.0			557.8			657.0			616.0			607.1
	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			973.7
	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			8,459.4
	10.5			0.0			28.0		Brokered CD’s		—			36.3			37.1			38.0			72.9			52.5			43.2
	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			8,502.6
	413.9			517.7			404.9		Short-term Borrowings		380.2			400.0			401.5			437.4			453.6			467.4			527.4
	280.2			539.3			753.9		Other Borrowings		581.4			684.4			916.4			829.2			920.2			897.8			1,231.9
	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			1,759.3
	232.2			226.3			186.9		Accrued Expenses & Other Liabilities		181.3			167.9			188.1			210.0			195.7			200.2			199.2
	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			10,461.1
	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			1,498.7
	26.9			(6.7	)		(31.3	)	Other Comprehensive Income		(36.5	)		(32.2	)		(31.3	)		(25.3	)		(27.2	)		(26.9	)		(32.0	)
	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			1,466.7
$	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		$	11,927.8

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	%		0.05	%
									Investments:
	2.35	%		2.24	%		2.05	%	Treasury & Gov’t Sponsored Agencies		2.20	%		2.06	%		2.00	%		1.99	%		1.97	%		1.96	%		1.91	%
	2.26	%		1.85	%		1.81	%	Mortgage-backed Securities		1.93	%		1.87	%		1.72	%		1.69	%		1.75	%		1.78	%		1.84	%
	5.47	%		5.33	%		5.07	%	States & Political Subdivisions		5.14	%		5.14	%		5.05	%		4.99	%		4.75	%		4.93	%		4.79	%
	3.76	%		2.92	%		2.70	%	Other Securities		2.96	%		2.68	%		2.64	%		2.54	%		2.48	%		2.37	%		2.52	%
	3.18	%		2.93	%		2.83	%	Total Investments		2.94	%		2.89	%		2.80	%		2.73	%		2.74	%		2.81	%		2.85	%
									Loans:
	4.87	%		4.42	%		4.52	%	Commercial (1)		5.00	%		4.27	%		4.45	%		4.43	%		4.32	%		4.45	%		4.44	%
	6.36	%		6.16	%		6.36	%	Commercial Leases		6.32	%		6.41	%		6.35	%		6.34	%		14.06	%		7.08	%		7.02	%
	7.22	%		7.15	%		8.87	%	Commercial & Agriculture Real Estate (1)		8.47	%		8.06	%		11.86	%		6.66	%		5.98	%		6.05	%		7.23	%
									Consumer:
	4.09	%		4.55	%		4.08	%	Home Equity (1)		4.43	%		4.40	%		4.38	%		3.28	%		4.09	%		3.99	%		3.87	%
	6.03	%		5.16	%		4.06	%	Other Consumer Loans (1)		4.32	%		4.17	%		3.93	%		3.89	%		3.76	%		3.59	%		3.47	%
	5.79	%		5.51	%		5.94	%	Subtotal of Commercial & Consumer Loans		6.05	%		5.62	%		7.06	%		5.09	%		4.89	%		4.86	%		5.24	%
	4.50	%		4.12	%		4.07	%	Residential Real Estate Loans (1)		3.97	%		4.03	%		4.16	%		4.10	%		4.11	%		4.21	%		4.13	%
	5.56	%		5.18	%		5.43	%	Total Loans (1)		5.44	%		5.16	%		6.27	%		4.81	%		4.65	%		4.66	%		4.93	%
	4.70	%		4.32	%		4.47	%	Total Earning Assets		4.46	%		4.28	%		5.00	%		4.09	%		3.99	%		4.03	%		4.22	%
									Interest-bearing Liabilities:
	0.03	%		0.03	%		0.03	%	NOW Accounts		0.03	%		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	%		0.14	%
	0.10	%		0.06	%		0.05	%	Money Market Accounts		0.05	%		0.05	%		0.05	%		0.05	%		0.07	%		0.06	%		0.07	%
	1.70	%		1.27	%		0.91	%	Other Time		1.00	%		0.99	%		0.92	%		0.88	%		0.90	%		0.92	%		0.96	%
	0.54	%		0.35	%		0.24	%	Total Interest-bearing Deposits		0.26	%		0.24	%		0.23	%		0.22	%		0.22	%		0.22	%		0.23	%
	0.78	%		2.24	%		0.55	%	Brokered CD’s		0.00	%		0.52	%		0.67	%		0.45	%		0.51	%		0.44	%		0.68	%
	0.55	%		0.35	%		0.24	%	Total Interest-bearing Deposits & CD’s		0.26	%		0.25	%		0.23	%		0.22	%		0.23	%		0.22	%		0.23	%
	0.13	%		0.12	%		0.08	%	Short-term Borrowings		0.07	%		0.08	%		0.08	%		0.08	%		0.09	%		0.10	%		0.11	%
	2.98	%		1.04	%		1.29	%	Other Borrowings		0.99	%		0.94	%		1.23	%		1.81	%		1.71	%		1.87	%		1.59	%
	1.28	%		0.59	%		0.86	%	Total Borrowed Funds		0.62	%		0.62	%		0.86	%		1.19	%		1.19	%		1.27	%		1.15	%
	0.64	%		0.39	%		0.35	%	Total Interest-bearing Liabilities		0.32	%		0.31	%		0.35	%		0.40	%		0.40	%		0.41	%		0.44	%
	4.05	%		3.94	%		4.12	%	Net Interest Rate Spread		4.15	%		3.97	%		4.65	%		3.69	%		3.59	%		3.62	%		3.78	%
	4.23	%		4.02	%		4.22	%	Net Interest Margin (FTE)		4.22	%		4.07	%		4.78	%		3.83	%		3.70	%		3.75	%		3.94	%
$	13.2		$	16.9		$	17.0		FTE Adjustment ($ in millions)	$	3.9		$	4.3		$	4.5		$	4.3		$	4.7		$	4.8		$	5.0

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		$	48.5
	(1.0	)		(3.9	)		4.4		Provision for Loan Losses		(0.4	)		1.1			3.0			0.7			0.8			2.6			(0.0	)
	(21.4	)		(14.9	)		(10.4	)	Gross Charge-offs		(2.6	)		(2.1	)		(2.4	)		(3.3	)		(0.6	)		(3.3	)		(2.2	)
	14.3			11.5			8.6		Gross Recoveries		2.7			2.0			1.7			2.2			2.2			2.5			3.3
	(7.1	)		(3.4	)		(1.8	)	Net Charge-offs		0.2			(0.1	)		(0.8	)		(1.1	)		1.6			(0.8	)		1.0
$	49.0		$	41.7		$	44.3		Ending Allowance for Loan Losses	$	41.5		$	42.5		$	44.7		$	44.3		$	46.7		$	48.5		$	49.5
	0.16	%		0.07	%		0.03	%	Net Charge-offs / Average Loans (1)		-0.02	%		0.01	%		0.05	%		0.07	%		-0.10	%		0.05	%		-0.06	%
$	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		$	6,660.4
$	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		$	6,733.9
	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	%		0.74	%
									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		$	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			132.0
	9.2			15.6			12.7		Renegotiated Loans		20.2			21.3			22.1			12.7			12.4			13.4			14.0
	159.5			112.2			138.4		Total Non-performing Loans		105.0			118.0			147.5			138.4			155.7			169.8			146.0
	11.2			7.6			7.2		Foreclosed properties		7.6			6.7			8.2			7.2			8.5			9.4			9.3
$	171.8		$	120.0		$	146.1		Total Underperforming Assets	$	112.9		$	125.0		$	156.2		$	146.1		$	164.3		$	179.8		$	155.8
$	233.4		$	159.8		$	233.5		Classified Loans - “Problem Loans”	$	170.5		$	203.9		$	226.1		$	233.5		$	239.0		$	242.7		$	240.7
	59.2			43.9			26.5		Other Classified Assets		42.0			41.5			26.5			26.5			26.2			22.1			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			139.5
$	405.9		$	339.0		$	454.8		Total Classified & Criticized Assets	$	324.8		$	358.2		$	423.1		$	454.8		$	449.2		$	428.5		$	402.3
	3.31	%		2.31	%		2.24	%	Non-performing loans / EOP Loans (1)		2.15	%		2.20	%		2.43	%		2.24	%		2.39	%		2.56	%		2.17	%
	31	%		37	%		32	%	Allowance to Non-performing Loans (3)		40	%		36	%		30	%		32	%		30	%		29	%		34	%
	3.56	%		2.47	%		2.37	%	Under-performing Assets / EOP Loans (1)		2.31	%		2.33	%		2.57	%		2.37	%		2.52	%		2.71	%		2.31	%
$	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		$	11,915.2
	1.80	%		1.25	%		1.25	%	Under-performing Assets / EOP Assets		1.18	%		1.20	%		1.40	%		1.25	%		1.38	%		1.49	%		1.31	%

EOP - End of period actual balances

(1) Excludes loans and leases held for sale.

(2) Includes $38.6 million in 3Q15 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 September 30, 2015, approximately $114.0 million of loans and $4.4 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		$	50.2
	5.0			(2.3	)		3.1		Provision for Loan Losses		0.0			(0.4	)		2.6			0.9			0.0			2.3			0.2
	(22.3	)		(17.0	)		(11.2	)	Gross Charge-offs		(2.4	)		(3.1	)		(2.1	)		(3.5	)		(1.2	)		(3.6	)		(2.5	)
	14.0			11.7			8.8		Gross Recoveries		2.8			2.1			1.7			2.2			2.3			2.7			3.3
	(8.3	)		(5.3	)		(2.4	)	Net Charge-offs		0.4			(1.0	)		(0.5	)		(1.3	)		1.0			(1.0	)		0.9
$	54.8		$	47.1		$	47.8		Ending Allowance for Loan Losses	$	47.6		$	46.2		$	48.3		$	47.8		$	48.9		$	50.2		$	51.2
	0.17	%		0.10	%		0.04	%	Net Charge-offs / Average Loans (1)		-0.03	%		0.07	%		0.03	%		0.08	%		-0.06	%		0.06	%		-0.05	%
$	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		$	6,791.6
$	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		$	6,847.9
	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	%		0.75	%
									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		$	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			140.7
	9.2			15.7			12.9		Renegotiated Loans		20.4			21.4			22.3			12.9			12.5			13.6			14.1
	263.5			144.2			153.7		Total Non-performing Loans		132.5			139.5			164.6			153.7			168.4			181.4			154.8
	37.3			21.2			16.4		Foreclosed properties		20.5			17.9			17.6			16.4			15.6			14.1			13.7
$	301.9		$	165.7		$	170.5		Total Underperforming Assets	$	153.2		$	157.7		$	182.8		$	170.5		$	184.1		$	196.1		$	169.1
$	355.4		$	195.3		$	250.9		Classified Loans - “Problem Loans”	$	200.9		$	228.7		$	245.1		$	250.9		$	253.2		$	257.1		$	252.4
	59.2			43.9			26.5		Other Classified Assets		42.0			41.5			26.5			26.5			26.2			22.1			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			141.2
$	537.2		$	383.0		$	476.7		Total Classified & Criticized Assets	$	362.7		$	389.6		$	447.4		$	476.7		$	469.5		$	453.1		$	415.7
	5.07	%		2.84	%		2.43	%	Non-performing loans / EOP Loans (1)		2.61	%		2.52	%		2.64	%		2.43	%		2.53	%		2.68	%		2.26	%
	21	%		33	%		31	%	Allowance to Non-performing Loans (3)		36	%		33	%		29	%		31	%		29	%		28	%		33	%
	5.81	%		3.26	%		2.70	%	Under-performing Assets / EOP Loans (1)		3.02	%		2.85	%		2.93	%		2.70	%		2.77	%		2.90	%		2.47	%
$	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		$	11,915.2
	3.16	%		1.73	%		1.46	%	Under-performing Assets / EOP Assets		1.61	%		1.52	%		1.64	%		1.46	%		1.54	%		1.62	%		1.42	%

EOP - End of period actual balances

(1) Excludes loans and leases held for sale.

(2) Includes $38.6 million in 3Q15 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 September 30, 2015, approximately $114.0 million of loans and $4.4 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

Third 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		$	1,476.0
									Deduct:
	338.8			352.7			530.8		Goodwill		352.7			408.5			491.4			530.8			587.9			588.5			584.6
	29.2			26.0			38.7		Intangibles		24.1			30.8			39.0			38.7			43.7			41.0			38.1
	368.0			378.7			569.5				376.8			439.3			530.5			569.5			631.6			629.5			622.8
$	826.5		$	784.0		$	896.2		Tangible Shareholders’ Equity	$	808.4		$	838.1		$	876.7		$	896.2		$	851.6		$	827.3		$	853.2
									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		$	11,915.2
									Add:
	0.1			0.1			0.2		Trust Overdrafts		0.0			0.0			0.1			0.2			0.1			0.1			0.1
									Deduct:
	338.8			352.7			530.8		Goodwill		352.7			408.5			491.4			530.8			587.9			588.5			584.6
	29.2			26.0			38.7		Intangibles		24.1			30.8			39.0			38.7			43.7			41.0			38.1
	368.0			378.7			569.5				376.8			439.3			530.5			569.5			631.6			629.5			622.8
$	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		$	11,292.5
	5,604.9			5,734.0			7,334.0		Risk Weighted Assets		5,729.5			6,339.2			7,063.5			7,334.0			7,864.9			8,023.9			7,592.9
									Actual EOP Balances
$	91.7		$	100.9		$	103.7		GAAP Net Income	$	26.5		$	18.8		$	29.1		$	29.3		$	20.9		$	26.2		$	37.7
									Add:
	6.4			6.5			7.8		Intangible Amortization (net of tax)		1.5			1.7			2.2			2.5			2.8			2.7			2.6
$	98.1		$	107.4		$	111.5		Tangible Net Income	$	28.0		$	20.4		$	31.3		$	31.7		$	23.7		$	28.8		$	40.3
									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	%		18.88	%
	1.07	%		1.17	%		1.01	%	Return on Tangible Assets		1.22	%		0.82	%		1.18	%		1.15	%		0.84	%		1.01	%		1.43	%
	9.01	%		8.52	%		8.09	%	Tangible Common Equity to Tangible Assets		8.82	%		8.42	%		8.23	%		8.09	%		7.52	%		7.23	%		7.56	%
	14.75	%		13.67	%		12.22	%	Tangible Common Equity to Risk Wgt Assets		14.11	%		13.22	%		12.41	%		12.22	%		10.83	%		10.31	%		11.24	%
	8.17			7.85			7.67		Tangible Common Book Value (1)		8.08			7.92			7.69			7.67			7.28			7.18			7.45

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