Company: ONBPP
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001558370-25-004483
Chunk: 95

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 95
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 that our compensation practices are embedded in a pay-for-performance culture, are consistent with the practices of companies in our peer group and align our executives’ interests with those of our shareholders. We believe our CEO and executive team have successfully managed the Company in a competitive and ever-changing economic and banking environment. In 2024, the Company delivered strong operating results. Highlights include the following:

| ● | Adjusted EPS* of $1.86 |

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

| ● | 3-year TSR 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 business lines |

| ● | Continued commitment to our core values, our uncompromised integrity and the 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 flourish and be successful |

| ​  | ​                                         |
| 80 | OLD NATIONAL BANCORP 2025 PROXY STATEMENT |

ITEM 2 – APPROVAL OF A NON-BINDING ADVISORY PROPOSAL ON EXECUTIVE COMPENSATION *Includes adjusted, non-GAAP financial measures that exclude certain items, such as merger-related charges associated with completed and pending acquisitions, CECL Day 1 non-PCD loans provision expense, distribution of excess pension plan assets expense, FDIC special assessment expense, separation expense, and net securities losses. The equivalent GAAP measures for the non