Attached files
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| 8-K - 8-K - OLD NATIONAL BANCORP /IN/ | d67101d8k.htm |
 Investment Thesis Financial Data as of 09-30-15 Dated: November 9, 2015 Exhibit 99.1 |
 Investment Thesis Executive Summary Slides 2 to 12 Financial Data as of 09-30-15 Dated: November 9, 2015 |
 Forward-Looking Statement This presentation 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 presentation 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 presentation, 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 presentation. 3 |
 Non-GAAP Financial Measures These slides contain non-GAAP financial measures. For purposes of
Regulation G, a non-GAAP financial measure is a numerical measure of
the registrant's historical or future financial performance,
financial position or cash flows that excludes amounts, or
is subject to adjustments that have the effect of excluding
amounts, that are included in the most directly comparable
measure calculated and presented in accordance with GAAP in the statement
of income, balance sheet or statement of cash flows (or
equivalent statements) of the registrant; or includes
amounts, or is subject to adjustments that have the effect
of including amounts, that are excluded from the most directly
comparable measure so calculated and presented. In this
regard, GAAP refers to generally accepted accounting
principles in the United States. Pursuant to the
requirements of Regulation G, Old National Bancorp has
provided reconciliations within the slides, as necessary, of the
non-GAAP financial measure to the most directly
comparable GAAP financial measure. 4 |
 Snapshot
of Old National •
Largest financial services bank holding company headquartered in Indiana
with financial centers located in Indiana, Kentucky and
Michigan –
164 financial centers
– 185 ATMs • Focused on community banking with a full suite of product offerings:
– Retail and small business – Wealth management – Mortgage • Guided by three strategic imperatives – Strengthen the risk profile – Enhance management discipline – Achieve consistent quality earnings Source: SNL Financial, Company filings, FactSet Estimates Note: Market data as of November 3, 2015; financial information as of September 30, 2015.
Summary Overview Company Description Headquarters Evansville, IN Market Cap (millions) $ 1,639 2016E P / E 13.8x P / TBV 192% Dividend Yield 3.4% LTM Average Daily Volume 616,046 Total Assets $ 11,915 Trust Assets Under Management $8,202 Total Core Deposits $ 8,561 3Q15 ROAA 1.26 % $ in millions, except noted – Investment services – Capital markets – Insurance Asset Mix Liability Mix 3Q15 Revenue Breakdown 5 |
 Investment
Thesis •
Attractive footprint that offers both leading share in mature markets and
room to expand in higher growth markets
• Consistent financial performance with distinct revenue streams and
actions taken to improve efficiency
• Diverse loan portfolio with growth accelerating while maintaining strong credit metrics • Disciplined acquisitions that are exceeding expectations with robust
future opportunities
• Steward of capital – organic growth, dividend / share repurchases, and acquisitions • Achieving strategic imperatives 6 |
 Commitment to Excellence 7 |
 Old National’s Landscape 8 |
 Unemployment Rates in Top Growth Markets 9 5.2 5.0 5.4 4.7 5.1 4.3 5.3 4.6 4.4 5.7 3.8 3.8 4.3 3.6 4.0 3.5 3.9 3.3 3.1 4.9 Unemployment Rate (Not Seasonally Adjusted %) Sep-14 Sep-15 • Unemployment rates have consistently been below the national average |
 Reported net income of $37.7 million, or $.33 per share 50% increase in EPS Continue to grow organic revenue 5.6% annualized loan growth, net of branch sales and change in covered loans
Stable Core Net Interest Margin
1 Improve operating leverage 3.5% decline in operational expenses 2 Adjusted Efficiency Ratio 3 of 67.2% Completed branch sales in mid-August Prudent use of capital 694,000 shares of stock repurchased 306,000 shares remaining under current authorization Tangible Common Equity 3 of 7.56% Increase in Tangible Book Value 3 of 3.8% 1 See slide 24 for definition of core net interest margin 2 See slide 33 for definition of operational expenses 3 Non-GAAP financial measure which Management believes is useful in evaluating the financial results of the Company – see Appendix for Non-GAAP reconciliation 10 3Q15 Highlights vs. 2Q15 |
 3Q15 Adjusted Net Income Adjusted Net Income excludes acquisition, divestiture charges & net gain on branch divestitures –
see Appendix for Non-GAAP reconciliation
1 Non-GAAP financial measure which Management believes is useful in evaluating the financial results of the Company –
see Appendix for Non-GAAP
reconciliation 3Q15 ROA of .99% 1 ROTCE of 15.0% 1 The Durbin Amendment to the Dodd-Frank Act became effective for Old National
beginning July 1, 2015, reducing 3Q15 interchange income by $2.7 million.
$0.28 $0.26 3Q14 3Q15 Adjusted Earnings Per Share $31.5 $29.4 3Q14 3Q15 Adjusted Net Income 11 |
 3Q15 vs. 2Q15 Adjusted Highlights 12 • Solid fundamentals driven by disciplined execution EPS +4% Q/Q TBV +4% Q/Q Adjusted Net Income, Operational Expenses and Adjusted Efficiency Ratio excludes acquisition, divestiture charges & net gain on branch
divestitures – see Appendix for Non-GAAP
reconciliations
1 Non-GAAP financial measure which Management believes is useful in evaluating the financial results of the Company –
see Appendix for Non-GAAP
reconciliations
$ in millions, except per share data The Durbin Amendment to the Dodd-Frank Act became effective for Old National beginning July 1, 2015, reducing 3Q15 interchange income by $2.7 million. Impacting the Balance Sheet during 3Q15 was the completion of two sales, totaling 17
banking centers, $193.6 million in loans and $555.8 million in deposits.
vs. 2Q15
vs. 2Q15
Adjusted Earnings Per Share
$0.26 4.0% Tangible Book Value Per Share $7.45 3.8% Core Net Interest Margin 3.14% - 1 bp EOP Assets $11,915.2 -1.3% Total Revenue (FTE) (less gains) $146.4 -3.6% EOP Earning Assets $10,343.1 -1.2% Operational Expenses $100.6 -3.5% EOP Total Loans, including LHFS $6,866.7 -1.7% Adjusted Net Income $29.4 -1.3% EOP Core Deposits $8,561.1 -2.3% Shares Outstanding 115.153 -0.9% EOP Tangible Common Equity $853.2 3.1% Adjusted Efficiency Ratio 67.2% + 30 bps Tangible Common Equity Ratio 7.56% + 33 bps Net Charge-Offs/Average Loans -0.05% + 11 bps Nonperforming Assets Ratio 2.26% -42 bps Financial Highlights Balance Sheet 1 1 1 1 1 1 1 1 1 |
 Investment Thesis Financial Data as of 09-30-15 Dated: November 9, 2015 |
 Total Loan Growth $ in millions – End of Period 1 Includes Loans Held for Sale and Covered Loans and net of branch sales Loan growth predominantly in footprint, not syndicated deals, participations or acquired 14 $6,983.7 $6,866.7 $98.0 ($193.6) ($21.4) June 30, 2015 Sold Loans Change in Covered Loans Organic Growth September 30, 2015 1 1 |
 Commercial & Commercial Real Estate Loans $378.0 $373.2 2Q15 3Q15 $ in millions 1 New Quarterly Production includes 50% credit for line of credit unfunded commitments 2 Yield is based on funded balances only 3.37% 3.40% 2Q15 3Q15 New Quarterly Production Production Yield 2 Average loan size of 3Q15 production is less than $450,000 $356 $299 $341 $106 $210 $183 $115 $232 $178 $577 $740 $702 3Q14 2Q15 3Q15 Discussed Proposed Accepted Loan Pipeline 15 1 |
 Loan Production & Yield Trends $ in millions New quarterly production includes unfunded commitments – Yield is based on funded balances only Residential Mortgage Consumer Direct Consumer Indirect 16 |
 Loan
Concentrations – Excluding Covered Loans
As of September 30, 2015
Commercial
Commercial Real Estate
17 Healthcare/Social Services, 8% Public Admin, 9% Manufacturing, 14% Educational Services, 8% Wholesale Trade, 8% Retail, 6% Other, 20% Real Estate Rental & Leasing, 5% Agriculture, 7% Construction & Land Dev, 7% Finance & Insurance, 4% Professional Services, 4% Industrial-Owner Occupied 5% Industrial-Non Owner Occupied 5% Retail-Owner Occupied 5% Retail-Non Owner Occupied 9% Office-Non Owner Occupied 11% Office-Owner Occupied 9% Multifamily 10% Acquisition & Development 2% Construction 16% Other 3% Family Rental 4% Other-Owner Occupied 12% Other-Non Owner Occupied 9% Diversified Commercial Loan Portfolio |
 $ in
millions Credit Quality
$142.3 $167.8 $140.7 3Q14 2Q15 3Q15 Substandard Nonaccruing + Doubtful Loans $175.8 $173.9 $141.2 3Q14 2Q15 3Q15 Special Mention Loans $102.8 $88.7 $111.2 3Q14 2Q15 3Q15 Substandard Accruing Loans 18 |
 Net Charge-Offs / Provision $ in millions 0.03% 0.06% -0.05% $2.6 $2.3 $0.2 -$1.0 $0.0 $1.0 $2.0 $3.0 -0.1% 0.0% 0.1% 0.2% 0.3% 3Q14 2Q15 3Q15 Net Charge-Offs / Provision NCOs Provision for Loan Losses YTD net recoveries of $0.9 million & YTD provision expense of $2.4 million 19 |
 Credit Quality – ALLL and Mark Summary $ in millions 1 Non-GAAP financial measure which Management believes useful to demonstrate that the remaining discount considers credit risk and
should be included as part of total
coverage N/A = not applicable
20 |
 Conservative Lending Limits/Risk Grades Borrower 1 Asset Quality Rating (Risk Grades) In-House Lending Limit 1 ($ in millions) 0 – Investment Grade $30 1 – Minimal Risk $25 2 – Modest Risk $25 3 – Average Risk $22.5 4 – Monitor $15 5 – Weak Monitor $10 6 – Watch $7.5 7 – Criticized (Special Mention) $5 In-house lending limits conservative relative to ONB’s legal lending limit
at 09-30-15 of $158.3 million per borrower
1 Includes entire relationship with borrower Borrower 1 Asset Quality Rating (Risk Grades) 8 – Classified (Problem) 9 – Nonaccrual 21 |
 0.00 2.00 4.00 6.00 8.00 10.00 12.00 Total ABS Corporates Municipals CMOs Pools Agencies Treasuries 4.04 0.00 5.11 9.71 3.07 5.13 3.29 0.00 Duration of Purchases Investment Portfolio Purchases 3Q15 1 1 Data as of September 30, 2015 22 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% Total ABS Corporates Municipals CMOs Pools Agencies Treasuries 2.19% 0.00% 2.66% 4.87% 1.86% 2.77% 1.67% 0.00% T/E Book Yield of Purchases Q3 2015 Purchases- Book Value Treasuries - Agencies 106,221,961 Pools 6,780,313 CMOs 113,771,900 Municipals 31,060,495 Corporates 8,611,898 ABS - Equity - Total 266,446,567 |
 Investment Portfolio 1 Includes market value for both available-for-sale and held-to-maturity securities
23 $ in millions Book Value Jun 30, 2015 Book Value Sep 30, 2015 Market Value1 Jun 30, 2015 Market Value 1 Sep 30, 2015 Market Value $ Change Federal National Mortgage Association $412.6 $340.8 $414.5 $343.5 Federal Home Loan Mortgage Corporation 242.6 186.5 241.5 186.6 Federal Farm Credit Bank 53.8 53.7 53.5 54.1 Federal Home Loan Bank and Other 135.5 205.4 135.0 205.4 Subtotal U.S. Government Agencies-Senior Debentures $844.5 $786.4 $844.5 $789.6 ($54.9) U.S. Treasury $12.0 $12.0 $12.2 $12.2 Mortgage Backed Securities $1,120.7 $1,145.0 $1,124.5 $1,154.9 $30.4 Trust Preferred 27.2 27.2 15.9 15.9 Other Corporate 323.9 291.7 322.3 288.6 Subtotal Corporate Securities $351.1 $318.9 $338.2 $304.5 ($33.7) Municipal Securities – Taxable $195.8 $195.2 $235.0 $242.5 $7.5 Municipal Securities – Tax Exempt $849.3 $877.3 $850.6 $883.4 $32.8 Federal Reserve, FHLB Stock, Other Securities $106.5 $121.1 $106.5 $121.1 $14.6 Totals $3,479.9 $3,455.9 $3,511.5 $3,508.2 ($3.3) |
 Net Interest Margin 1 24 1 Fully taxable equivalent basis, non-GAAP financial measure which Management believes is useful in evaluating the financial results of the
Company – see Appendix for Non-GAAP reconciliation
2 ONB Core includes contractual interest income of Monroe, Integra, IN Community, Tower, United, Lafayette and Founders loans
2 |
 Acquired Loans 25 $ in millions – as of September 30, 2015 1 $14 million is considered nonaccrual PCI = Purchased Credit Impaired 1 |
 $36.9 $57.5 $59.0 $86.6 $56.7 $29.5 $20.4 $(0.4) $3.4 $9.3 $43.2 $10.8 $0.7 $0.4 2011 2012 2013 2014 2015 2016 2017 Projected Accretion Income Projected Purchase Accounting Impact Actual Accretion Projected Accretion 1 Actual Discount Projected Discount 1 $ in
millions
1 Projections assume no prepayments – updated quarterly – subject to change IA = Indemnification Asset Manageable declines in purchase accounting impact expected in future periods Actual IA Amortization Projected IA Amortization 1 Net Income Statement Contribution $252.9 $224.1 $146.1 $148.5 $108.6 $79.1 $58.7 2011 2012 2013 2014 2015 2016 2017 Projected Remaining Discount 26 |
 $ in
thousands Change to Net Interest Income based on a one year time
horizon Refer to slide 29 for rate curves
22.2% of total non-interest
bearing DDA are considered rate
sensitive 41% of C&I and CRE loans reprice within one year 16% of loans have floors; less than 1% of these loans are currently below their floor rates Investment portfolio duration of 4.03 at 09/30/15, down from 4.23 at 06/30/15. Modeled Interest Rate Sensitivity 27 |
 $ in
thousands Change to Net Interest Income based on a two year time
horizon Refer to slide 29 for rate curves
Modeled Interest Rate Sensitivity
28 |
 Interest Rate Curves 29 |
 30 694,000 shares of stock repurchased at an average price of $13.89 during 3Q15 306,000 shares remain available for repurchase under the current authorization $ and shares in millions Tangible Common Equity |
 $ in millions Total Revenue The Durbin Amendment to the Dodd-Frank Act became effective for Old National beginning July 1, 2015, reducing 3Q15 interchange income by $2.7 million 31 $108.4 $92.1 $97.1 $34.4 $55.0 $44.3 $15.4 $142.8 $147.1 $156.8 3Q14 2Q15 3Q15 Fees, Service Charges, Security Gains & Other Rev.
Branch Sale Gains
Net Interest Income |
 Fee-Based Business Revenue $ in millions Contingency Revenues $9.4 $8.3 2Q15 3Q15 Wealth Management $10.1 $0.1 $10.2 $9.9 2Q15 3Q15 Insurance $4.7 $4.4 2Q15 3Q15 Investments $4.3 $3.2 2Q15 3Q15 Mortgage Banking 32 |
 $ in
millions 1
Operational expenses = total noninterest expense less merger/integration costs and efficiency program charges – includes ongoing operating costs associated with recent acquisitions Closed on previously announced sale of 17 branches in 3Q15 Adjusted 3Q15 efficiency ratio of 67.2% 2 Expect operational expenses to be in the mid $90’s in 4Q15 FTE reduction of 245 from 3Q14 to 3Q15 2 Non-GAAP financial measure which Management believes is useful in evaluating the financial results of the Company – see Appendix for Non-GAAP reconciliation Noninterest Expense 33 $96.4 $104.2 $100.6 $3.6 $5.5 $2.0 $100.0 $109.7 $102.6 3Q14 2Q15 3Q15 |
 Returned to community bank model 2004 2005 Sold non- strategic market – Clarksville, TN – 5 branches 2006 Sold non- strategic market – O’Fallon, IL – 1 branch 2007 2008 2009 2010 2011 2012 2013 Acquired St. Joseph Capital – Entry into Northern IN market February, 2007 Acquired 65 Charter One branches throughout Indiana March, 2009 Acquired Monroe Bancorp – Enhanced Bloomington, IN presence January, 2011 Acquired Indiana Community – Entry into Columbus, IN September, 2012 FDIC-assisted acquisition of Integra Bank July, 2011 Sold non- strategic market – Chicago-area - 4 branches Consolidation of 21 branches Acquired 24 MI / IN branches July, 2013 Consolidation of 2 branches Consolidation of 8 branches Consolidation of 1 branch Consolidation of 10 branches Consolidation of 12 branches Consolidation of 44 branches Consolidation of 5 branches Sold 12 branches Consolidation of 22 branches Acquired 209 Sold 39 Consolidated 148 Acquired Tower Financial – Enhancing Ft. Wayne, IN presence April, 2014 Acquired United Bancorp — Entering Ann Arbor, MI July, 2014 2014 Consolidation of 4 branches Acquired LSB Financial Corp.– Enhancing Lafayette, IN presence November 1, 2014 Acquired Founders Financial Corporation– Entry into Grand Rapids , MI January 1, 2015 2015 Consolidation of 19 branches Transforming Old National’s Landscape Sold 17 branches 34 |
 35 • Stock ownership guidelines have been established for named executive officers as follows: • As of September 30, 2015, each named executive officer has met their stock ownership requirement Committed to Strong Corporate Governance |
 Executive Compensation 36 • Tied to long term shareholder value: |
 Appendix XXXXXXXXXXX XX |
 Non-GAAP Reconciliations $ in millions end of period balances 3Q14 2Q15 3Q15 Total Shareholders’ Equity $1,407.2 $1,456.7 $1,476.0 Deduct: Goodwill and Intangible Assets (530.5) (629.5) (622.8) Tangible Common Shareholders’ Equity $876.7 $827.3 $853.2 Total Assets $11,179.8 $12,075.8 $11,915.2 Add: Trust Overdrafts 0.1 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% Tangible Common Equity to Tangible Assets 8.23% 7.23% 7.56% Net Income $29.1 $26.2 $37.7 After-Tax Intangible Amortization 2.2 2.7 2.6 Tangible Net Income $31.3 $28.8 $40.3 ROTCE 14.29% 13.95% 18.88% 38 |
 Non-GAAP Reconciliations $ in millions 39 3Q14 2Q15 3Q15 Pre-Tax Income (FTE Basis) $44.7 $39.9 $59.0 Acquisition/Divestiture Charges & Gain on Branch Sales $3.6 $5.5 ($13.4) Adjusted Pre-tax income $48.3 $45.4 $45.6 Taxes ($16.8) ($15.6) ($16.2) Adjusted Net Income $31.5 $29.8 $29.4 Average Diluted Shares 111.947 116.223 115.153 Adjusted EPS $0.28 $0.25 $0.26 end of period balances 3Q14 2Q15 3Q15 Total Shareholders’ Equity $1,407.2 $1,456.7 $1,476.0 Deduct: Goodwill and Intangible Assets (530.5) (629.5) (622.8) Tangible Common Shareholders’ Equity $876.7 $827.3 $853.2 Risk Weighted Assets $7,063.5 $8,023.9 $7,592.9 Tangible Common Equity to Risk Weighted Assets 12.41% 10.31% 11.24% end of period balances 3Q14 4Q14 1Q15 2Q15 3Q15 Total Shareholders’ Equity $1,407.2 $1,465.8 $1,483.3 $1,456.7 $1,476.0 Deduct: Goodwill and Intangible Assets (530.5) (569.5) (631.6) (629.5) (622.8) Tangible Common Shareholders’ Equity $876.7 $896.2 $851.6 $827.3 $853.2 Common Shares Issued and Outstanding at Period End 113,984 116,847 116,983 115,205 114,523 Tangible Common Book Value $7.69 $7.67 $7.28 $7.18 $7.45 |
 Non-GAAP Reconciliations 40 3Q14 2Q15 3Q15 Net Interest Income ($ in 000's) $108,367 $92,097 $97,104 Taxable Equivalent Adjustment 4,488 4,757 4,965 Net Interest Income – Taxable Equivalent $112,855 $96,854 $102,069 Average Earning Assets $9,444,853 $10,325,938 $10,364,691 Net Interest Margin 4.59% 3.57% 3.75% Net Interest Margin – Fully Taxable Equivalent 4.78% 3.75% 3.94% 3Q14 2Q15 3Q15 Net Interest Income ($ in 000's) $108,367 $92,097 $97,104 Taxable Equivalent Adjustment 4,488 4,757 4,965 Net Interest Income – Taxable Equivalent $112,855 $96,854 $102,069 Less Accretion 34,367 15,562 20,645 Net Interest Income – Taxable Equivalent Less Accretion $78,488 $81,292 $81,424 Average Earning Assets $9,444,853 $10,325,938 $10,364,691 Core Net Interest Margin - Fully Taxable Equivalent 3.32% 3.15% 3.14% |
 Non-GAAP Reconciliations Efficiency Ratio - As Reported 3Q15 Net Interest Income (FTE) ($ in millions) $102.1 Noninterest Income 59.7 Less Security Gains 0.9 Revenue Less Security Gains 160.9 Noninterest Expense 102.6 Intangible Amortization 2.9 Noninterest Expense Less Intangible Amortization 99.7 Efficiency Ratio 61.97% Efficiency Ratio Excluding Acquisition, Divestiture Charges & Net Gain on Branch Divestitures
3Q15 Net Interest Income (FTE) ($ in millions) $102.1 Noninterest Income 59.7 Less Security Gains 0.9 Less Gain on Branch Sales 15.4
Revenue Less Security Gains
145.6 Noninterest Expense 102.6 Intangible Amortization 2.9 Acquisition Costs 0.2 Branch Divestitures 1.8 Noninterest Expense Less Intangible Amortization, Acquisition & Branch Divestiture Cost
97.8 Adjusted Efficiency Ratio 67.19% 41 |
 Non-GAAP Reconciliations $ in millions 42 3Q15 Net Income $37.7 Acquisition/Divestiture Charges & Gain on Branch Sales (after tax)
($8.3) Adjusted Net Income $29.4 Average Assets $11,927.8 Adjusted ROA 0.99% 3Q15 Net Income $37.7 Acquisition/Divestiture Charges & Gain on Branch Sales (after tax)
($8.3) Adjusted Net Income $29.4 Plus After-Tax Intangible Amortization $2.6 Tangible Net Income $32.0 Adjusted ROTCE 15.00% |
 Old National’s Peer Group Like-size, publicly-traded financial services companies, generally in the Midwest, serving
comparable demographics with comparable services as ONB
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 Investor
Contact Additional information can be found on
the Investor Relations web pages at
www.oldnational.com
Investor Inquiries:
Lynell J. Walton, CPA
SVP –
Director of Investor Relations
812-464-1366
lynell.walton@oldnational.com
44 |