Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 2

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 2
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2025-2030ProjectedHouseholdIncomeChange(%)Chicago-Naperville-Elgin, IL-IN-WI40.4 183.8 (2.4)(0.7)86,627 6.3 Evansville, IN-KY10.4 281.5 1.1 2.2 68,976 8.0 Minneapolis-St. Paul-Bloomington, MN-WI8.8 122.1 1.1 2.0 96,855 8.5 Indianapolis-Carmel-Anderson, IN5.2 100.9 3.7 4.2 79,724 10.7 Milwaukee-Waukesha, WI3.5 235.4 (0.9)0.5 74,222 8.4 Nashville-Davidson-Murfreesboro-Franklin, TN2.4 137.7 6.9 5.6 85,166 10.8 Madison, WI2.4 87.3 3.5 4.4 90,224 9.3 Bloomington, IN2.1 166.7 (0.1)1.0 67,992 11.5 National average1.9 2.4 78,770 8.8 Weighted average total Old National Bank(0.2)1.1 79,941 7.7 

Source: S&P Global Market Intelligence. Deposit data as of June 30, 2024.

STRATEGIC TRANSACTIONS

Since forming our holding company in 1982, we have acquired over 50 financial institutions and other financial services businesses. Old National assesses possible mergers, acquisitions, and divestitures based on a disciplined financial evaluation process and expects that future mergers, acquisitions, and divestitures will be consistent with our existing basic banking strategy, which focuses on community banking, client relationships, and consistent quality earnings. Targeted geographic markets for mergers and acquisitions include markets with average to above average growth rates.

We anticipate that, as with previous mergers and acquisitions, the consideration paid by us in future mergers and acquisitions may be principally in the form of cash and/or Old National stock, or a combination thereof, and may reflect a premium to the target’s then-market value. The amount and structure of