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Actionable news in ONB: Old National Bancorp,

Old National Bancorp Capital Trust: Dated

The following excerpt is from the company's SEC filing.

Exhibit 99.1

Investment Thesis

Executive Summary

Slides 2 to 12

Financial Data as of 09-30-15

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 Bancorps (Old Nationals) 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 managements 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 Nationals 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.

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.

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


Guided by three strategic imperatives

Strengthen the risk profile

Enhance management discipline

Achieve consistent quality earnings

Source: SNL Financial, Company filings, FactSet


Note: Market data as of November 3, 2015; financial information as of September 30, 2015.

Summary Overview

Company Description


Evansville, IN

Market Cap (millions)

$ 1,639

2016E P / E


Dividend Yield

LTM Average Daily Volume


Total Assets

$ 11,915

Trust Assets Under Management


Total Core Deposits

$ 8,561


1.26 %

$ in millions, except noted

Investment services

Capital markets


Asset Mix

Liability Mix

3Q15 Revenue Breakdown

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

Achieving strategic imperatives

Commitment to Excellence

Old Nationals Landscape

Unemployment Rates in Top Growth Markets

(Not Seasonally Adjusted...