Company: ONBPP
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001558370-25-004483
Chunk: 46

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 46
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 align the interests of our executives with those of our shareholders. As such, our compensation programs are designed to reward executives for the achievement of short- and long-term strategic and operational goals of the Company and the achievement of increased returns for our shareholders, while at the same time avoiding unnecessary or excessive risk-taking. Our Current NEOs’ total compensation is comprised of a mix of base salary, annual cash incentive awards and long-term equity awards. These compensation components, combined with our stock ownership guidelines and clawback policy, extend the time horizon for incentive compensation (both cash and equity) beyond the vesting and/or performance periods and provide balance between rewarding short-term and long-term performance. 2024 Performance Highlights The Company delivered strong operating results in 2024, as reflected by the following highlights:

| ● | Adjusted EPS* of $1.86 |

| ● | Adjusted net income* of $578 million |

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| 44 | OLD NATIONAL BANCORP 2025 PROXY STATEMENT |

COMPENSATION DISCUSSION AND ANALYSIS

| ● | 3-year TSR (2022-2024) of 38.8% (86th percentile of KRX Index) |

| ● | Adjusted ROATCE* of 16.9% (top quartile of KRX Index) |

| ● | Adjusted ROAA* of 1.14% (above median of KRX Index) |

| ● | Adjusted efficiency ratio* of 52.2% (top quartile of KRX Index) |

| ● | Year-over-year deposit growth of 4.8%, excluding CapStar acquisition (above median of KRX Index) |

| ● | Maintained our peer leading high quality, low cost and granular deposit base, with average deposit size of $35,000 and 75% of core deposits having tenure of greater than 5 years |

| ● | Year-over-year total loan growth of 4.1%, excluding CapStar acquisition (above median of KRX Index) |

| ● | Continued strong credit discipline and credit quality, with net charge-offs** to average loans of 0.13% |

| ● | Continued addition of important revenue-producing talent across our business lines |

| ● | Continued commitment to our core values, our uncompromised integrity and highest levels of ethics, dedication to the communities where we live and work and focus on our strong culture of collaboration, trust, inclusiveness and acceptance that empowers team members to