Exhibit 99.1

Old National Bancorp One Main Street
Evansville, IN 47708	Media: Kathy A. Schoettlin (812) 465-7269
oldnational.com	Investors: Lynell J. Walton (812) 464-1366

Old National reports 2^nd quarter net income of $44.0 million, a 13.2% increase from a year ago

•     Commercial and industrial loan growth over 21% annualized

Evansville, Ind. (July 23, 2018)

Old National Bancorp (NASDAQ: ONB) reports 2Q18 net income of $44.0 million, diluted EPS of $0.29. Adjusted¹ net income of $44.1 million, or $0.29 per share.

CEO COMMENTARY:

“Disciplined expense management and a measured increase in deposit costs, together with the benefit of increased rates, resulted in a very successful second quarter for Old National highlighted by positive operating leverage and an almost 20% increase in year-over-year adjusted pre-provision net revenue,” stated Chairman and CEO Bob Jones. “Moreover, we set a new company record for total commercial production while experiencing very strong commercial and industrial loan growth and maintaining a strong period-end pipeline. Coupled with our recently announced KleinBank partnership – which effectively doubles our presence in Minnesota’s Twin Cities – these results illustrate that Old National is well-positioned for continued growth and success in the vibrant markets that now define our franchise.”

SECOND-QUARTER HIGHLIGHTS²:

Net Income	•  Net income of $44.0 million, an increase of 13.2% from second quarter of 2017 •  Earnings per share of $0.29, an increase of 3.6% from second quarter of 2017
Net Interest Income/NIM	•  Net interest income was $132.0 million, up 2.6% •  Net interest margin on a fully taxable equivalent basis was 3.55% compared to 3.45%
Operating Performance	•  Pre-provision net revenue1 (“PPNR”) was $53.6 million •  Adjusted PPNR1 was $65.6 million, up 7.4% •  Noninterest expense was $130.5 million •  Adjusted noninterest expense1 was $114.5 million, compared to $111.3 million •  Efficiency ratio1 was 69.58% •  Adjusted efficiency ratio1 was 61.68%, a 134 basis point improvement from second quarter of 2017
Loans and Credit Quality	•  End-of-period total loans3 were $11,321.8 million compared to $11,256.3 million •   Excluding $64.9 million in student loans sold during the quarter, organic total loan growth was 4.6% annualized •  End-of-period commercial and industrial loans were $2,962.9 million compared to $2,811.6 million; 21.5% annualized growth •  Second quarter record level total commercial production of $598.2 million and June 30 pipeline of $1.7 billion •  Provision for loan losses was $2.4 million compared to $0.4 million •  Net recoveries were $0.8 million, or (0.03%) annualized, compared to net charge-offs of 0.01% •  Non-performing loans were 1.38% of total loans compared to 1.28%
Capital Returns	•  Return on average equity was 8.06% •  Return on average tangible common equity1 was 14.28% •  Adjusted return on average tangible common equity1 was 14.32%
Notable Items	•  $2.5 million in merger/integration charges and $1.3 million in branch action charges (net of $0.3 million gain) •  $2.2 million gain on the sale of student loans •  $11.9 million in tax credit amortization •  Footprint rationalization continues with 9 branch consolidations in the second quarter, 1 pending in the third quarter and the pending sale of 10 branches

¹ Non-GAAP financial measure that Management believes is useful in evaluating the financial results of the Company – please refer to the Non-GAAP reconciliations contained in this release

²  Comparisons are on a linked-quarter basis, unless otherwise noted

³  Includes loans held for sale

RESULTS OF OPERATIONS

Old National Bancorp reported second-quarter 2018 net income of $44.0 million, or $0.29 per diluted share.

Included in the second quarter was a pre-tax gain of $2.2 million for the sale of a student loan portfolio. Also included in the second quarter were pre-tax charges of $2.5 million for merger and integration and $1.3 million (net of $0.3 million gain) for branch actions. Excluding these items from the current quarter and netting out securities gains, Old National would have reported net income of $44.1 million, or $0.29 per share.

With a continued focus on expense management, 9 branches located throughout the footprint were consolidated in the second quarter with 1 pending consolidation that will take place in the third quarter. In addition, and as previously disclosed, Old National entered into a branch purchase and assumption agreement for the sale of 10 Old National branches in Wisconsin to Marine Credit Union of La Crosse, Wisconsin. The branch sale includes the assumption of approximately $261 million in deposits and no loans.

1Q18 amounts reflect the reclassification of $0.5 million of agency costs from data processing expense to investment product fees revenue as a result of the implementation of the revenue recognition accounting standard.

LOANS

The strong commercial loan growth that has defined Old National’s overall growth market strategy over the past several quarters continued in the second quarter.

• Period-end total loans increased to $11,321.8 million at June 30, 2018, up from $11,256.3 million at March 31, 2018.

• Student loans totaling $64.9 million were sold during the second quarter of 2018, resulting in a $2.2 million gain.

• End-of-period total loan growth in the second quarter was $65.5 million.

• Excluding the sale of the student loan portfolio, total end-of-period organic loan growth was $130.5 million, or 4.6% on an annualized basis.

• End-of-period growth in total commercial and industrial loans was $151.2 million, or 21.5% on an annualized basis.

• Second quarter commercial loan production of $598.2 million was a Company record. Period-end pipeline totaled $1.7 billion.

• On average, total loans in the second quarter were $11,262.0 million, up from $11,179.3 million in the first quarter of 2018.

• Average total loans increased $124.1 million, or 4.5% annualized, net of the student loans sold.

• Average total commercial and industrial loan growth was $114.1 million, or 16.5% on an annualized basis.

DEPOSITS

A low-cost core deposit franchise continues to be one of Old National’s strengths; average balances increased while end-of-period balances experienced seasonal declines.

• Period-end total deposits decreased to $12,596.4 million at June 30, 2018, from $12,788.6 million at March 31, 2018.

• On average, total deposits in the second quarter were $12,650.8 million, increasing from the $12,579.2 million in the first quarter of 2018.

• Average total deposits increased $71.6 million, or 2.3% annualized.

NET INTEREST INCOME AND MARGIN

Well-controlled deposit costs and higher asset yields boosted both net interest income and margin in the second quarter.

• Net interest income increased to $132.0 million in the second quarter of 2018 from $128.5 million in the first quarter of 2018.

• The net interest margin (on a fully taxable equivalent basis) increased 10 basis points to 3.55% compared to 3.45% in the first quarter of 2018.

• The increase in short term rates, strong loan production and accretion income benefitted net interest income and net interest margin during the quarter.

• Accretion income increased to $11.5 million, or 30 basis points of net interest margin, in the second quarter of 2018 from $11.0 million, or 28 basis points of net interest margin, in the first quarter of 2018. In the second quarter of 2018, accretion income was just 6.4% of adjusted total revenue.

• The cost of total deposits rose 6 basis points to 0.29% in the second quarter of 2018 while the cost of total interest-bearing deposits rose 8 basis points to 0.41%.

CREDIT QUALITY

Exceptional credit quality remains a hallmark of the Old National franchise.

• Asset quality remained strong with net recoveries in the second quarter of $0.8 million, or (0.03%) of total average loans, and 30-89 day delinquencies of 0.34%.

• Provision expense for the second quarter was $2.4 million.

• Non-performing loans as a percentage of total loans was 1.38%.

• In accordance with current accounting practices, the loans acquired from recent acquisitions were recorded at fair value with no allowance recorded at the acquisition date. As of June 30, 2018, the remaining discount on these acquired loans was $110.7 million.

• The allowance for loan losses was $53.7 million, or 0.48% of total loans at June 30, 2018.

NONINTEREST INCOME

Noninterest income increased due to seasonal factors in several fee income businesses and a gain on the sale of student loans.

• Total noninterest income for the second quarter of 2018 was $49.3 million, or an increase of $7.4 million from the first quarter of 2018.

• Included in noninterest income in the second quarter was a gain of $2.2 million from the sale of Old National’s student loan portfolio.

• Higher mortgage banking revenue (up $1.0 million), seasonal Wealth Management tax preparation fees (up $1.0 million), higher capital markets income (up $0.4 million) and various items included in Other Income were the main drivers of the quarterly increase.

• Securities gains were $1.5 million, up $0.7 million from the first quarter of 2018.

NONINTEREST EXPENSE

Our second quarter results included disciplined expense management, which helped drive positive operating leverage¹.

• Noninterest expense for the second quarter of 2018 was $130.5 million and included $2.5 million in merger and integration charges, $1.2 million in branch action charges, $0.4 million in severance and $11.9 million in tax credit amortization.

• Excluding these items, adjusted noninterest expense for the second quarter was $114.5 million, compared to the $111.3 million in adjusted noninterest expense in the first quarter of 2018.

• Second quarter included higher salary and benefits expense due to annual merit increases and a year-to-date 401k benefit enhancement as well as higher data processing expense related to tax preparation clients.

• Adjusted operating leverage¹ was +224 basis points in the second quarter compared to a year ago.

• The second quarter efficiency ratio was 69.58% while the adjusted efficiency ratio was 61.68%.

INCOME TAXES

• On a fully taxable-equivalent basis, income tax expense in the second quarter was $7.2 million, resulting in a 14.0% FTE tax rate.

CAPITAL

Strong quarterly earnings drove capital ratios higher.

• At the end of the second quarter, total risk-based capital was 11.9% and regulatory tier 1 capital was 10.9%.

• Tangible common equity to tangible assets was 8.00% at the end of the second quarter compared to 7.83% in the first quarter of 2018.

NON-GAAP RECONCILIATIONS

($ in millions, except EPS, shares in 000s)	2Q18			Adjustments4			Adjusted 2Q18
Total Revenues (FTE)	$	184.1		($	4.0	)	$	180.1
Less: Provision for Loan Losses		(2.4	)		—			(2.4	)
Less: Noninterest Expenses		(130.5	)		4.1			(126.4	)
Income before Income Taxes (FTE)	$	51.2		$	0.1		$	51.3
Income Taxes		(7.2	)		—			(7.2	)
Net Income	$	44.0		$	0.1		$	44.1
Average Shares Outstanding		152,568			—			152,568
Earnings Per Share	$	0.29		$	0.0		$	0.29

⁴ Tax-effect calculations use the 2018 statutory FTE tax rates (federal + state)

($ in millions)	2Q18			1Q18
Net Interest Income	$	132.0		$	128.5
FTE Adjustment		2.8			2.8
Net Interest Income (FTE)	$	134.8		$	131.3
Average Earning Assets	$	15,176.7		$	15,205.9
Net Interest Margin (FTE)		3.55	%		3.45	%
($ in millions)	2Q18			1Q18
Net Interest Income	$	132.0		$	128.5
FTE Adjustment		2.8			2.8
Net Interest Income (FTE)	$	134.8		$	131.3
Total Noninterest Income	$	49.3		$	41.9
Noninterest Expense		130.5			117.1
Pre-Provision Net Revenue	$	53.6		$	56.1
Less: Securities Gains		(1.5	)		(0.8	)
Less: Gain on Student Loan Sale		(2.2	)		—
Less: Gain on Branch Actions		(0.3	)		—
Add: Merger and Integration Charges		2.5			2.3
Add: Branch Action Charges and Severance		1.6			2.8
Add: Amortization of Tax Credit Investments		11.9			0.7
Adjusted Pre-Provision Net Revenue	$	65.6		$	61.1

($ in millions)	2Q18			1Q18			4Q17			2Q17
Noninterest Expense	$	130.5		$	117.1		$	140.4		$	102.8
Less: Merger and Integration Charges		(2.5	)		(2.3	)		(11.9	)		—
Less: Branch Action Charges, Severance, Foundation Funding and Client Experience Initiative Charges		(1.6	)		(2.8	)		(6.6	)		(1.7	)
Noninterest Expense less Charges	$	126.4		$	112.0		$	121.9		$	101.1
Less: Amortization of Tax Credit Investments		(11.9	)		(0.7	)		(11.7	)		—
Adjusted Noninterest Expense	$	114.5		$	111.3		$	110.2		$	101.1
Less: Intangible Amortization		(3.4	)		(3.6	)		(3.4	)		(2.8	)
Adjusted Noninterest Expense Less Intangible Amortization	$	111.1		$	107.7		$	106.8		$	98.3
Net Interest Income	$	132.0		$	128.5		$	118.6		$	104.3
FTE Adjustment		2.8			2.8			6.1			5.7
Net Interest Income (FTE)	$	134.8		$	131.3		$	124.7		$	110.0
Total Noninterest Income	$	49.3		$	41.9		$	44.8		$	49.2
Total Revenue (FTE)	$	184.1		$	173.2		$	169.5		$	159.2
Less: Securities Gains		(1.5	)		(0.8	)		(1.6	)		(3.1	)
Less: Gain on Student Loan Sale		(2.2	)		—			—			—
Less: Gain on Branch Actions		(0.3	)		—			—			(0.1	)
Adjusted Total Revenue (FTE)	$	180.1		$	172.4		$	167.9		$	156.0
Efficiency Ratio		69.58	%		65.84	%		81.60	%		64.05	%
Adjusted Efficiency Ratio		61.68	%		62.50	%		63.58	%		63.02	%
Operating Leverage5 (basis points)		(1,125	)
Adjusted Operating Leverage6 (basis points)		224

⁵ Year-over-year basis point change in noninterest expenses plus change in total revenue

⁶ Year-over-year basis point change in adjusted noninterest expense plus change in adjusted total revenue

($ in millions)	2Q18			1Q18
Net Income (Loss)	$	44.0		$	48.0
Add: Intangible Amortization (net of tax7)		2.7			2.8
Tangible Net Income (Loss)	$	46.7		$	50.8
Less: Securities Gains (net of tax7)		(1.1	)		(0.6	)
Less: Gain on Sale of Student Loans (net of tax7)		(1.7	)		—
Add: Merger & Integration Charges (net of tax7)		1.9			1.8
Add: Branch Action Charges (net of gains) and Severance (net of tax7)		1.0			2.1
Adjusted Tangible Net Income (Loss)	$	46.8		$	54.1
Average Total Shareholders’ Equity	$	2,183.6		$	2,166.0
Less: Average Goodwill		(828.8	)		(828.1	)
Less: Average Intangibles		(47.1	)		(51.1	)
Average Tangible Shareholders’ Equity	$	1,307.7		$	1,286.8
Return on Average Tangible Common Equity		14.28	%		15.80	%
Adjusted Return on Average Tangible Common Equity		14.32	%		16.81	%

⁷  Tax-effect calculations use the 2018 statutory FTE tax rates (federal + state)

CONFERENCE CALL AND WEBCAST

Old National will host a conference call and live webcast at 7:00 a.m. Central Time on Monday, July 23, 2018, to review second-quarter 2018 financial results. 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 6:00 a.m. Central Time on July 24 through August 7. To access the replay, dial 1-855-859-2056, Conference ID Code 6293046.

ABOUT OLD NATIONAL

Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. Headquartered in Evansville with $17.5 billion in assets, it is a top 100 U.S. bank, the largest Indiana-based bank and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for seven consecutive years. For nearly 185 years, Old National has been a community bank committed to building long-term, highly valued relationships with clients. With locations in Indiana, Kentucky, Michigan, Minnesota and Wisconsin, Old National provides retail and commercial banking services along with comprehensive wealth management, investment and capital markets services. For information and financial data, please visit Investor Relations at oldnational.com.

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 the tables of this release.

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. 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 merger with Anchor-Minnesota that might not be realized within the expected timeframes and costs or difficulties relating to integration matters might 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.

ADDITIONAL INFORMATION ABOUT THE OLD NATIONAL BANCORP/KLEIN FINANCIAL, INC. TRANSACTION

Communications in this press release do not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed merger, Old National will file with the SEC a Registration Statement on Form S-4 that will include a Proxy Statement of Klein and a Prospectus of Old National, as well as other relevant documents concerning the proposed transaction. Shareholders are urged to read the Registration Statement and the Proxy Statement/Prospectus regarding the merger when it becomes available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information. A free copy of the Proxy Statement/Prospectus, as well as other filings containing information about Old National and Klein, may be obtained at the SEC’s Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from Old National at www.oldnational.com under the tab “Investor Relations” and then under the heading “Financial Information.” Old National and Klein and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Klein in connection with the proposed merger. Information about the directors and executive officers of Old National is set forth in the proxy statement for Old National’s 2018 annual meeting of shareholders, as filed with the SEC on a Schedule 14A on March 5, 2018. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement/Prospectus regarding the proposed merger when it becomes available. Free copies of this document may be obtained as described in the preceding paragraph.

Financial Highlights (unaudited)

($ and shares in thousands, except per share data)

	Three Months Ended									Six Months Ended
	June 30, 2018			March 31, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Income Statement
Net interest income	$	131,963		$	128,572		$	104,333		$	260,535		$	210,134
Provision for loan losses		2,446			380			1,355			2,826			1,702
Noninterest income (1)		49,289			41,905			49,271			91,194			92,191
Noninterest expense (1)		130,460			117,157			102,811			247,617			204,702
Net income		44,001			47,983			38,854			91,984			74,846
Per Common Share Data (Diluted)
Net income available to common shareholders	$	0.29		$	0.31		$	0.28		$	0.60		$	0.55
Average diluted shares outstanding		152,568			152,370			135,697			152,483			135,641
Book value		14.44			14.32			13.92			14.44			13.92
Stock price		18.60			16.90			17.25			18.60			17.25
Dividend payout ratio		45	%		41	%		46	%		43	%		47	%
Tangible common book value (2)		8.70			8.55			8.85			8.70			8.85
Performance Ratios
Return on average assets		1.01	%		1.10	%		1.05	%		1.06	%		1.01	%
Return on average common equity		8.06	%		8.86	%		8.33	%		8.46	%		8.11	%
Return on average tangible common equity (2)		14.28	%		15.80	%		13.82	%		15.04	%		13.60	%
Net interest margin (FTE)		3.55	%		3.45	%		3.42	%		3.50	%		3.46	%
Efficiency ratio (1,3)		69.58	%		65.84	%		64.05	%		67.76	%		64.35	%
Net charge-offs (recoveries) to average loans		-0.03	%		0.01	%		0.01	%		-0.01	%		0.01	%
Allowance for loan losses to ending loans		0.48	%		0.45	%		0.55	%		0.48	%		0.55	%
Non-performing loans to ending loans		1.38	%		1.28	%		1.51	%		1.38	%		1.51	%
Balance Sheet
Total loans	$	11,295,629		$	11,238,682		$	9,232,040		$	11,295,629		$	9,232,040
Total assets		17,482,990			17,496,287			14,957,281			17,482,990			14,957,281
Total deposits		12,596,376			12,788,600			10,683,714			12,596,376			10,683,714
Total borrowed funds		2,530,104			2,371,292			2,259,918			2,530,104			2,259,918
Total shareholders’ equity		2,200,215			2,179,118			1,886,594			2,200,215			1,886,594
Capital Ratios (2)
Risk-based capital ratios (EOP):
Tier 1 common equity		10.9	%		10.7	%		11.5	%		10.9	%		11.5	%
Tier 1		10.9	%		10.7	%		11.8	%		10.9	%		11.8	%
Total		11.9	%		11.7	%		12.3	%		11.9	%		12.3	%
Leverage ratio (to average assets)		8.3	%		8.1	%		8.7	%		8.3	%		8.7	%
Total equity to assets (averages)		12.54	%		12.42	%		12.56	%		12.48	%		12.46	%
Tangible common equity to tangible assets		7.98	%		7.83	%		8.41	%		7.98	%		8.41	%
Nonfinancial Data
Full-time equivalent employees		2,683			2,721			2,652			2,683			2,652
Number of branches		183			191			188			183			188

(1) For the three months ended March 31, 2018, amounts reflect the reclassification of $0.5 million of agency costs from data processing expense to investment product fee revenue as a result of the implementation of the revenue recognition accounting standard.

(2) See “Non-GAAP Measures” table.

(3) 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 amortization of intangibles and net securities gains, as is common in other company releases, and better aligns with true operating performance.

FTE - Fully taxable equivalent basis EOP - End of period actual balances

Income Statement (unaudited)

($ and shares in thousands, except per share data)

	Three Months Ended						Six Months Ended
	June 30, 2018		March 31, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Interest income	$	153,736	$	147,706	$	118,209	$	301,442	$	236,677
Less: interest expense		21,773		19,134		13,876		40,907		26,543
Net interest income		131,963		128,572		104,333		260,535		210,134
Provision for loan losses		2,446		380		1,355		2,826		1,702
Net interest income after provision for loan losses		129,517		128,192		102,978		257,709		208,432
Wealth management fees		9,746		9,026		9,679		18,772		18,678
Service charges on deposit accounts		10,765		10,759		10,040		21,524		19,883
Debit card and ATM fees		5,080		4,865		4,436		9,945		8,672
Mortgage banking revenue		5,189		4,192		5,186		9,381		9,412
Investment product fees (1)		5,066		5,031		5,004		10,097		9,993
Capital markets income		896		498		2,747		1,394		3,778
Company-owned life insurance		2,430		2,605		2,117		5,035		4,266
Other income		8,586		4,130		6,936		12,716		12,837
Gains (losses) on sales of securities		1,494		788		3,075		2,282		4,575
Gains (losses) on derivatives		37		11		51		48		97
Total noninterest income (1)		49,289		41,905		49,271		91,194		92,191
Salaries and employee benefits		66,592		64,179		57,606		130,771		114,170
Occupancy		12,873		13,280		10,539		26,153		22,673
Equipment		3,728		3,565		3,350		7,293		6,577
Marketing		3,962		3,697		3,673		7,659		6,723
Data processing (1)		9,724		8,400		8,226		18,124		15,834
Communication		2,772		3,064		2,288		5,836		4,702
Professional fees		2,923		2,730		4,077		5,653		6,728
Loan expenses		1,843		1,744		1,693		3,587		3,324
Supplies		903		722		594		1,625		1,173
FDIC assessment		3,161		2,645		2,130		5,806		4,617
Other real estate owned expense		196		349		1,009		545		2,124
Amortization of intangibles		3,416		3,609		2,781		7,025		5,801
Amortization of tax credit investments		11,858		716		—		12,574		—
Other expense		6,509		8,457		4,845		14,966		10,256
Total noninterest expense (1)		130,460		117,157		102,811		247,617		204,702
Income before income taxes		48,346		52,940		49,438		101,286		95,921
Income tax expense		4,345		4,957		10,584		9,302		21,075
Net income	$	44,001	$	47,983	$	38,854	$	91,984	$	74,846
Diluted Earnings Per Share
Net income	$	0.29	$	0.31	$	0.28	$	0.60	$	0.55
Average Common Shares Outstanding
Basic		151,878		151,721		135,085		151,800		134,999
Diluted		152,568		152,370		135,697		152,483		135,641
Common shares outstanding at end of period		152,351		152,172		135,516		152,351		135,516

(1) For the three months ended March 31, 2018, amounts reflect the reclassification of $0.5 million of agency costs from data processing expense to investment product fee revenue as a result of the implementation of the revenue recognition accounting standard.

Balance Sheet (unaudited)

($ in thousands)

	June 30, 2018			March 31, 2018			June 30, 2017
Assets
Federal Reserve Bank account	$	43,889		$	73,657		$	22,117
Money market investments		10,359			12,562			9,815
Investments:
Treasury and government-sponsored agencies		647,058			655,353			586,258
Mortgage-backed securities		1,588,120			1,623,554			1,470,687
States and political subdivisions		1,110,087			1,159,614			1,118,437
Other securities		503,920			458,270			449,045
Total investments		3,849,185			3,896,791			3,624,427
Loans held for sale, at fair value		26,198			17,635			27,425
Loans:
Commercial		2,962,895			2,811,629			2,001,621
Commercial and agriculture real estate		4,451,772			4,449,980			3,259,998
Consumer:
Home equity		491,777			487,237			472,198
Other consumer loans		1,235,212			1,331,304			1,398,849
Subtotal of commercial and consumer loans		9,141,656			9,080,150			7,132,666
Residential real estate		2,153,973			2,158,532			2,099,374
Total loans		11,295,629			11,238,682			9,232,040
Total earning assets		15,225,260			15,239,327			12,915,824
Allowance for loan losses		(53,660	)		(50,381	)		(50,986	)
Non-earning Assets:
Cash and due from banks		219,626			192,022			230,809
Premises and equipment		449,304			453,603			413,933
Goodwill and other intangible assets		874,221			877,637			686,894
Company-owned life insurance		405,492			404,561			354,875
Net deferred tax assets		90,187			88,773			146,780
Loan servicing rights		24,303			24,380			25,023
Other real estate owned		3,729			6,735			11,071
Other assets		244,528			259,630			223,058
Total non-earning assets		2,311,390			2,307,341			2,092,443
Total assets	$	17,482,990		$	17,496,287		$	14,957,281
Liabilities and Equity
Noninterest-bearing demand deposits	$	3,600,793		$	3,655,732		$	3,011,156
Interest-bearing:
Checking and NOW accounts		3,054,302			3,135,778			2,639,813
Savings accounts		3,026,110			3,091,101			2,924,689
Money market accounts		1,090,621			1,130,258			672,391
Other time deposits		1,648,390			1,573,874			1,313,199
Total core deposits		12,420,216			12,586,743			10,561,248
Brokered CD’s		176,160			201,857			122,466
Total deposits		12,596,376			12,788,600			10,683,714
Federal funds purchased and interbank borrowings		175,044			150,026			227,029
Securities sold under agreements to repurchase		347,511			308,189			298,094
Federal Home Loan Bank advances		1,757,308			1,664,179			1,515,628
Other borrowings		250,241			248,898			219,167
Total borrowed funds		2,530,104			2,371,292			2,259,918
Accrued expenses and other liabilities		156,295			157,277			127,055
Total liabilities		15,282,775			15,317,169			13,070,687
Common stock, surplus, and retained earnings		2,266,918			2,240,644			1,917,714
Accumulated other comprehensive income (loss)		(66,703	)		(61,526	)		(31,120	)
Total shareholders’ equity		2,200,215			2,179,118			1,886,594
Total liabilities and shareholders’ equity	$	17,482,990		$	17,496,287		$	14,957,281

Average Balance Sheet and Interest Rates (unaudited)

($ in thousands)

	Three Months Ended June 30, 2018								Three Months Ended March 31, 2018								Three Months Ended June 30, 2017
	Average Balance			Income (1)/ Expense		Yield/ Rate			Average Balance			Income (1)/ Expense		Yield/ Rate			Average Balance			Income (1)/ Expense		Yield/ Rate
Earning Assets:
Money market and other interest-earning investments	$	51,724		$	117		0.91	%	$	66,536		$	90		0.55	%	$	27,222		$	55		0.80	%
Investments:
Treasury and government-sponsored agencies		648,778			3,387		2.09	%		663,096			3,424		2.07	%		575,940			2,798		1.94	%
Mortgage-backed securities		1,588,140			8,904		2.24	%		1,632,610			9,520		2.33	%		1,485,582			7,590		2.04	%
States and political subdivisions		1,118,395			10,591		3.79	%		1,204,855			10,478		3.48	%		1,122,769			13,375		4.76	%
Other securities		507,646			3,909		3.08	%		459,458			3,669		3.19	%		446,521			2,866		2.57	%
Total investments		3,862,959			26,791		2.77	%		3,960,019			27,091		2.74	%		3,630,812			26,629		2.93	%
Loans: (2)
Commercial		2,873,781			32,527		4.48	%		2,759,688			28,205		4.09	%		1,938,751			19,352		3.95	%
Commercial and agriculture real estate		4,449,839			57,251		5.09	%		4,394,002			55,787		5.08	%		3,240,318			39,830		4.86	%
Consumer:
Home equity		492,151			6,076		4.95	%		502,902			5,688		4.59	%		474,308			4,837		4.09	%
Other consumer loans		1,268,670			11,591		3.66	%		1,346,331			12,140		3.66	%		1,405,226			11,881		3.39	%
Subtotal commercial and consumer loans		9,084,441			107,445		4.74	%		9,002,923			101,820		4.59	%		7,058,603			75,900		4.31	%
Residential real estate loans		2,177,587			22,208		4.08	%		2,176,413			21,472		3.95	%		2,127,867			21,268		4.00	%
Total loans		11,262,028			129,653		4.57	%		11,179,336			123,292		4.42	%		9,186,470			97,168		4.21	%
Total earning assets	$	15,176,711		$	156,561		4.11	%	$	15,205,891		$	150,473		3.97	%	$	12,844,504		$	123,852		3.84	%
Less: Allowance for loan losses		(51,493	)							(50,953	)							(50,937	)
Non-earning Assets:
Cash and due from banks	$	205,617							$	199,132							$	200,209
Other assets		2,086,822								2,089,790								1,860,676
Total assets	$	17,417,657							$	17,443,860							$	14,854,452
Interest-Bearing Liabilities:
Checking and NOW accounts	$	3,097,635		$	969		0.13	%	$	3,067,437		$	819		0.11	%	$	2,643,123		$	511		0.08	%
Savings accounts		3,036,936			1,777		0.23	%		3,052,646			1,343		0.18	%		2,944,314			1,209		0.16	%
Money market accounts		1,103,177			702		0.26	%		1,159,010			546		0.19	%		684,911			146		0.09	%
Other time deposits		1,615,527			4,813		1.20	%		1,561,945			3,900		1.01	%		1,330,026			2,536		0.76	%
Total interest-bearing deposits		8,853,275			8,261		0.37	%		8,841,038			6,608		0.30	%		7,602,374			4,402		0.23	%
Brokered CD’s		194,801			878		1.81	%		175,039			647		1.50	%		111,972			322		1.15	%
Total interest-bearing deposits and CD’s		9,048,076			9,139		0.41	%		9,016,077			7,255		0.33	%		7,714,346			4,724		0.25	%
Federal funds purchased and interbank borrowings		140,471			647		1.85	%		261,353			1,017		1.58	%		166,690			422		1.02	%
Securities sold under agreements to repurchase		332,599			434		0.52	%		342,682			359		0.42	%		329,182			334		0.41	%
Federal Home Loan Bank advances		1,713,832			8,824		2.07	%		1,675,700			7,780		1.88	%		1,443,453			6,017		1.67	%
Other borrowings		249,291			2,729		4.38	%		248,828			2,723		4.38	%		219,085			2,379		4.34	%
Total borrowed funds		2,436,193			12,634		2.08	%		2,528,563			11,879		1.91	%		2,158,410			9,152		1.70	%
Total interest-bearing liabilities	$	11,484,269		$	21,773		0.76	%	$	11,544,640		$	19,134		0.67	%	$	9,872,756		$	13,876		0.56	%
Noninterest-Bearing Liabilities
Demand deposits	$	3,602,732							$	3,563,104							$	2,988,147
Other liabilities		147,052								170,061								128,231
Shareholders’ equity		2,183,604								2,166,055								1,865,318
Total liabilities and shareholders’ equity	$	17,417,657							$	17,443,860							$	14,854,452
Net interest rate spread							3.35	%							3.30	%							3.28	%
Net interest margin (FTE)							3.55	%							3.45	%							3.42	%
FTE adjustment				$	2,825							$	2,767							$	5,643

(1) Interest income is reflected on a fully taxable equivalent basis (FTE).

(2) Includes loans held for sale.

Average Balance Sheet and Interest Rates (unaudited)

($ in thousands)

	Six Months Ended								Six Months Ended
	June 30, 2018								June 30, 2017
	Average			Income (1)/		Yield/			Average			Income (1)/		Yield/
	Balance			Expense		Rate			Balance			Expense		Rate
Earning Assets:
Money market and other interest-earning investments	$	59,089		$	207		0.71	%	$	27,352		$	86		0.63	%
Investments:
Treasury and government-sponsored agencies		655,897			6,811		2.08	%		558,279			5,579		2.00	%
Mortgage-backed securities		1,610,252			18,424		2.29	%		1,498,414			15,408		2.06	%
States and political subdivisions		1,161,386			21,069		3.63	%		1,128,042			26,981		4.78	%
Other securities		483,685			7,578		3.13	%		445,881			5,694		2.55	%
Total investments		3,911,220			53,882		2.76	%		3,630,616			53,662		2.96	%
Loans: (2)
Commercial		2,817,050			60,733		4.29	%		1,913,480			38,440		4.00	%
Commercial and agriculture real estate		4,422,075			113,037		5.08	%		3,205,853			80,154		4.97	%
Consumer:
Home equity		496,978			11,765		4.77	%		475,325			9,496		4.03	%
Other consumer loans		1,307,805			23,730		3.66	%		1,406,655			23,648		3.39	%
Subtotal commercial and consumer loans		9,043,908			209,265		4.67	%		7,001,313			151,738		4.37	%
Residential real estate loans		2,177,003			43,680		4.01	%		2,134,681			42,522		3.98	%
Total loans		11,220,911			252,945		4.50	%		9,135,994			194,260		4.25	%
Total earning assets	$	15,191,220		$	307,034		4.04	%	$	12,793,962		$	248,008		3.87	%
Less: Allowance for loan losses		(51,225	)							(50,824	)
Non-earning Assets:
Cash and due from banks	$	202,392							$	197,927
Other assets		2,088,299								1,869,215
Total assets	$	17,430,686							$	14,810,280
Interest-Bearing Liabilities:
Checking and NOW accounts	$	3,082,619		$	1,788		0.12	%	$	2,614,627		$	967		0.07	%
Savings accounts		3,044,748			3,120		0.21	%		2,957,020			2,367		0.16	%
Money market accounts		1,130,939			1,248		0.22	%		695,890			295		0.09	%
Other time deposits		1,588,884			8,713		1.11	%		1,331,460			4,903		0.74	%
Total interest-bearing deposits		8,847,190			14,869		0.34	%		7,598,997			8,532		0.23	%
Brokered CD’s		184,975			1,525		1.66	%		109,758			575		1.06	%
Total interest-bearing deposits and CD’s		9,032,165			16,394		0.37	%		7,708,755			9,107		0.24	%
Federal funds purchased and interbank borrowings		200,578			1,664		1.67	%		177,818			778		0.88	%
Securities sold under agreements to repurchase		337,612			793		0.47	%		330,285			590		0.36	%
Federal Home Loan Bank advances		1,694,871			16,604		1.98	%		1,436,752			11,329		1.59	%
Other borrowings		249,062			5,452		4.38	%		219,025			4,739		4.33	%
Total borrowed funds		2,482,123			24,513		1.99	%		2,163,880			17,436		1.62	%
Total interest-bearing liabilities	$	11,514,288		$	40,907		0.72	%	$	9,872,635		$	26,543		0.54	%
Noninterest-Bearing Liabilities
Demand deposits	$	3,583,027							$	2,952,797
Other liabilities		158,493								139,250
Shareholders’ equity		2,174,878								1,845,598
Total liabilities and shareholders’ equity	$	17,430,686							$	14,810,280
Net interest rate spread							3.32	%							3.33	%
Net interest margin (FTE)							3.50	%							3.46	%
FTE adjustment				$	5,592							$	11,331

(1) Interest income is reflected on a fully taxable equivalent basis (FTE).

(2) Includes loans held for sale.

Asset Quality (EOP) (unaudited)

($ in thousands)

	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2018			2018			2017			2018			2017
Beginning allowance for loan losses	$	50,381		$	50,381		$	49,834		$	50,381		$	49,808
Provision for loan losses		2,446			380			1,355			2,826			1,702
Gross charge-offs		(3,054	)		(2,685	)		(3,380	)		(5,739	)		(6,619	)
Gross recoveries		3,887			2,305			3,177			6,192			6,095
Net (charge-offs) recoveries		833			(380	)		(203	)		453			(524	)
Ending allowance for loan losses	$	53,660		$	50,381		$	50,986		$	53,660		$	50,986
Net charge-offs (recoveries) / average loans (1)		-0.03	%		0.01	%		0.01	%		-0.01	%		0.01	%
Average loans outstanding (1)	$	11,257,585		$	11,175,329		$	9,180,987		$	11,216,684		$	9,130,112
EOP loans outstanding (1)		11,295,629		$	11,238,682		$	9,232,040		$	11,295,629		$	9,232,040
Allowance for loan losses / EOP loans (1)		0.48	%		0.45	%		0.55	%		0.48	%		0.55	%
Underperforming Assets:
Loans 90 Days and over (still accruing)	$	1,575		$	328		$	201		$	1,575		$	201
Non-performing loans:
Nonaccrual loans (2)		139,082			127,295			125,519			139,082			125,519
Renegotiated loans		17,139			16,802			14,123			17,139			14,123
Total non-performing loans		156,221			144,097			139,642			156,221			139,642
Foreclosed properties		3,729			6,735			11,071			3,729			11,071
Total underperforming assets	$	161,525		$	151,160		$	150,914		$	161,525		$	150,914
Classified and Criticized Assets:
Nonaccrual loans (2)		139,082			127,295			125,519			139,082			125,519
Substandard accruing loans		109,051			118,123			112,277			109,051			112,277
Loans 90 days and over (still accruing)		1,575			328			201			1,575			201
Total classified loans - “problem loans”	$	249,708		$	245,746		$	237,997		$	249,708		$	237,997
Other classified assets		3,149			2,987			7,449			3,149			7,449
Criticized loans - “special mention loans”		154,891			174,873			99,502			154,891			99,502
Total classified and criticized assets	$	407,748		$	423,606		$	344,948		$	407,748		$	344,948
Non-performing loans / EOP loans (1)		1.38	%		1.28	%		1.51	%		1.38	%		1.51	%
Allowance to non-performing loans (3)		34	%		35	%		37	%		34	%		37	%
Under-performing assets / EOP loans (1)		1.43	%		1.34	%		1.63	%		1.43	%		1.63	%
EOP total assets	$	17,482,990		$	17,496,287		$	14,957,281		$	17,482,990		$	14,957,281
Under-performing assets / EOP assets		0.92	%		0.86	%		1.01	%		0.92	%		1.01	%

EOP - End of period actual balances

(1) Excludes loans held for sale.

(2) Includes renegotiated loans totaling $34.0 million at June 30, 2018, $36.9 million at March 31, 2018, and $46.2 million at June 30, 2017.

(3) Includes acquired loans that were recorded at fair value in accordance with ASC 805 at the date of acquisition. As such, the credit risk was incorporated in the fair value recorded and no allowance for loan losses was recorded on the acquisition date.

Non-GAAP Measures (unaudited)

($ in thousands)

	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2018			2018			2017			2018			2017
Actual End of Period Balances
GAAP shareholders’ equity	$	2,200,215		$	2,179,118		$	1,886,594		$	2,200,215		$	1,886,594
Deduct:
Goodwill		828,804			828,804			655,018			828,804			655,018
Intangibles		45,417			48,833			31,876			45,417			31,876
		874,221			877,637			686,894			874,221			686,894
Tangible shareholders’ equity	$	1,325,994		$	1,301,481		$	1,199,700		$	1,325,994		$	1,199,700
Average Balances
GAAP shareholders’ equity	$	2,183,604		$	2,166,055		$	1,865,318		$	2,174,878		$	1,845,598
Deduct:
Goodwill		828,804			828,141			655,018			828,474			655,018
Intangibles		47,052			51,092			33,189			49,061			34,635
		875,856			879,233			688,207			877,535			689,653
Average tangible shareholders’ equity	$	1,307,748		$	1,286,822		$	1,177,111		$	1,297,343		$	1,155,945
Actual End of Period Balances
GAAP assets	$	17,482,990		$	17,496,287		$	14,957,281		$	17,482,990		$	14,957,281
Add:
Trust overdrafts		46			50			31			46			31
Deduct:
Goodwill		828,804			828,804			655,018			828,804			655,018
Intangibles		45,417			48,833			31,876			45,417			31,876
		874,221			877,637			686,894			874,221			686,894
Tangible assets	$	16,608,815		$	16,618,700		$	14,270,418		$	16,608,815		$	14,270,418
Risk-weighted assets	$	12,648,732		$	12,523,432		$	10,367,804		$	12,648,732		$	10,367,804
GAAP net income	$	44,001		$	47,983		$	38,854		$	91,984		$	74,846
Add:
Amortization of intangibles (net of tax)		2,699			2,851			1,807			5,550			3,770
Tangible net income	$	46,700		$	50,834		$	40,661		$	97,534		$	78,616
Tangible Ratios
Return on tangible common equity		14.09	%		15.62	%		13.56	%		14.71	%		13.11	%
Return on average tangible common equity		14.28	%		15.80	%		13.82	%		15.04	%		13.60	%
Return on tangible assets		1.12	%		1.22	%		1.14	%		1.17	%		1.10	%
Tangible common equity to tangible assets		7.98	%		7.83	%		8.41	%		7.98	%		8.41	%
Tangible common equity to risk-weighted assets		10.48	%		10.39	%		11.57	%		10.48	%		11.57	%
Tangible common book value (1)		8.70			8.55			8.85			8.70			8.85
Tangible common equity presentation includes other comprehensive income as is common in other company releases.
(1)   Tangible common shareholders’ equity divided by common shares issued and outstanding at period-end.
Tier 1 capital	$	1,371,918		$	1,341,261		$	1,222,250		$	1,371,918		$	1,222,250
Deduct:
Trust Preferred Securities (2)		—			—			45,000			—			45,000
Additional Tier 1 capital deductions		—			—			(14,977	)		—			(14,977	)
		—			—			30,023			—			30,023
Tier 1 common equity	$	1,371,918		$	1,341,261		$	1,192,227		$	1,371,918		$	1,192,227
Risk-weighted assets		12,648,732			12,523,432			10,367,804			12,648,732			10,367,804
Tier 1 common equity to risk-weighted assets		10.85	%		10.71	%		11.50	%		10.85	%		11.50	%

(2) Trust Preferred Securities are now included in Tier 2 capital as a result of exceeding the $15 billion asset threshold from the Anchor-Minnesota acquisition.