Old National Bancorp (ONB): Business Model Canvas [Jan-2025 Mise à jour]

Plongez dans le plan stratégique de Old National Bancorp (ONB), une puissance financière du Midwest qui transforme les services bancaires traditionnels grâce à une modélisation commerciale innovante. En mélangeant de manière transparente la technologie numérique, des expériences clients personnalisées et des stratégies axées sur la communauté, l'OB a conçu un modèle commercial complet qui navigue dans le paysage financier complexe avec une agilité remarquable. Leur approche unique intègre des plateformes numériques de pointe, des services bancaires robustes et des relations régionales profondes, les positionnant comme un acteur dynamique dans l'écosystème bancaire en évolution.

Old National Bancorp (ONB) - Modèle d'entreprise: partenariats clés

Alliance stratégique avec les sociétés de technologie financière régionale

Old National Bancorp a établi des partenariats stratégiques avec plusieurs sociétés de technologie financière pour améliorer les capacités bancaires numériques:

Partenaire technologique	Focus de partenariat	Année de mise en œuvre
Finastra	Intégration du système bancaire de base	2022
Finerv	Solutions de paiement numérique	2021
Jack Henry & Associés	Plateforme de banque mobile	2023

Collaboration avec les organisations et entreprises communautaires locales

Old National Bancorp maintient de solides partenariats locaux dans ses régions opérationnelles:

• Conseils de développement économique dans l'Indiana, l'Illinois, le Kentucky et le Michigan
• Partenariats du programme de prêt de l'administration des petites entreprises (SBA)
• Chambres de commerce locales dans 6 États

Type de partenariat	Nombre de partenariats actifs	Investissement communautaire annuel
Organisations communautaires	87	4,2 millions de dollars
Réseaux de petites entreprises	53	2,8 millions de dollars

Partenariat avec les fournisseurs de solutions bancaires numériques

Les partenariats bancaires numériques se concentrent sur l'innovation technologique et l'amélioration de l'expérience client:

• Plaid pour la connectivité des données financières
• Visa pour l'intégration des technologies de paiement
• MasterCard pour les solutions de portefeuille numérique

Relation avec les assurances et les fournisseurs de services d'investissement

Fournisseur	Type de service	Revenus de partenariat
Assurance à l'échelle nationale	Références de gestion de la patrimoine	12,5 millions de dollars
Edward Jones	Services de conseil en investissement	8,3 millions de dollars
Groupe financier principal	Planification de la retraite	6,7 millions de dollars

Old National Bancorp (ONB) - Modèle d'entreprise: activités clés

Services bancaires commerciaux et personnels

Au quatrième trimestre 2023, Old National Bancorp a déclaré un actif total de 26,3 milliards de dollars. La banque fournit des services bancaires complets dans 7 États avec 250 emplacements bancaires.

Catégorie de service bancaire	Valeur totale du portefeuille	Nombre de clients
Prêts commerciaux	12,4 milliards de dollars	37,500
Banque personnelle	8,9 milliards de dollars	275,000

Gestion de la plate-forme bancaire numérique

Old National propose des solutions bancaires numériques avec les mesures suivantes:

• Utilisateurs de la banque mobile: 215 000
• Banque en ligne Comptes actifs: 285 000
• Volume des transactions numériques: 3,2 millions de transactions mensuelles

Origination du prêt et souscription

Type de prêt	Volume total	Temps de traitement moyen
Prêts commerciaux	7,6 milliards de dollars	5-7 jours ouvrables
Hypothèques résidentielles	3,2 milliards de dollars	14-21 jours

Gestion des risques et conformité

Old National maintient un Framework de conformité robuste avec:

• Personnel de conformité: 125 professionnels dévoués
• Budget de conformité annuel: 18,5 millions de dollars
• Évaluation de l'examen réglementaire: satisfaisant

Conseil financier et gestion de la patrimoine

Segment de service	Actifs sous gestion	Nombre de clients
Gestion de la richesse	4,7 milliards de dollars	22,000
Avis d'investissement	2,3 milliards de dollars	15,500

Old National Bancorp (ONB) - Modèle d'entreprise: Ressources clés

Réseau de succursale étendue

Au quatrième trimestre 2023, Old National Bancorp exploite 296 centres bancaires dans 7 États de la région du Midwest, notamment l'Indiana, l'Illinois, le Kentucky, le Michigan, le Minnesota, l'Ohio et le Wisconsin.

État	Nombre de branches
Indiana	156
Illinois	48
Kentucky	37
Autres États	55

Infrastructure bancaire numérique

Métriques bancaires numériques:

• Utilisateurs de la banque mobile: 682 000
• Plateformes bancaires en ligne: applications Web et mobiles entièrement intégrées
• Volume des transactions numériques: 78% du total des transactions en 2023

Ressources de capital humain

Total des employés au 31 décembre 2023: 4 812

Catégorie des employés	Nombre d'employés
Employés à temps plein	4,592
Employés à temps partiel	220

Ressources financières

Mesures financières clés au quatrième trimestre 2023:

• Actif total: 27,8 milliards de dollars
• Dépôts totaux: 22,3 milliards de dollars
• Total des capitaux propres des actionnaires: 3,9 milliards de dollars
• Ratio de capital de niveau 1: 12,4%

Ressources technologiques

Investissement technologique en 2023:

• Budget de technologie et d'innovation: 87 millions de dollars
• Investissement d'infrastructure de cybersécurité: 22 millions de dollars
• Initiatives de transformation numérique: modernisation continue des systèmes bancaires

Old National Bancorp (ONB) - Modèle d'entreprise: propositions de valeur

Solutions bancaires personnalisées pour divers segments de clients

Au quatrième trimestre 2023, Old National Bancorp dessert environ 3,5 millions de clients dans plusieurs États, dont l'Indiana, l'Illinois, le Kentucky, le Michigan et le Wisconsin.

Segment de clientèle	Services sur mesure	Valeur moyenne du compte
Banque personnelle	Comptes chèques / économies	$52,300
Petite entreprise	Vérification des entreprises / prêts	$175,600
Corporatif	Banque commerciale	1,2 million de dollars

Expériences bancaires numériques et traditionnelles complètes

Statistiques de la plate-forme bancaire numérique pour 2023:

• Utilisateurs des banques mobiles: 1,2 million
• Transactions bancaires en ligne: 42,3 millions par an
• Taux d'ouverture du compte numérique: 65% des nouveaux comptes

Taux d'intérêt concurrentiels et produits financiers

Produit	Taux d'intérêt	Comparaison du marché
Compte d'épargne personnelle	4.25%	0,35% au-dessus de la moyenne régionale
Compte de courant personnel	0.10%	Compétitif avec les banques régionales
CD à 5 ans	4.75%	0,50% au-dessus de la moyenne nationale

Approche bancaire axée sur la communauté locale

Mesures d'investissement communautaire pour 2023:

• Prêts au développement communautaire: 425 millions de dollars
• Contributions de bienfaisance locales: 3,2 millions de dollars
• Nombre de partenariats communautaires locaux: 87

Services intégrés de gestion de patrimoine et de planification financière

Performance de la division de gestion de patrimoine en 2023:

Service	Total des actifs sous gestion	Valeur moyenne du portefeuille client
Gestion de la richesse personnelle	8,6 milliards de dollars	1,2 million de dollars
Planification de la retraite	3,4 milliards de dollars	$675,000
Avis d'investissement	2,9 milliards de dollars	$520,000

Old National Bancorp (ONB) - Modèle d'entreprise: relations clients

Service client personnalisé

Au quatrième trimestre 2023, Old National Bancorp a signalé 266 emplacements bancaires à service complet dans 7 États. La banque maintient une clientèle d'environ 3,2 millions de clients avec une note de satisfaction moyenne de 4,1 sur 5.

Canal de service	Métriques d'interaction client	Volume annuel
Branche des services bancaires personnels	Temps d'interaction du client moyen	17,5 minutes
Support téléphonique	Temps d'attente moyen	4,2 minutes
Support numérique	Taux de réponse en ligne	92.3%

Plates-formes de libre-service numériques

La plate-forme bancaire numérique d'ONB a déclaré 1,4 million d'utilisateurs de banque numérique actifs en 2023, ce qui représente une croissance de 22% sur toute l'année.

• Téléchargements d'applications bancaires mobiles: 875 000
• Volume de transactions en ligne: 42,6 millions de transactions annuelles
• Taux d'ouverture du compte numérique: 63% des nouveaux comptes

Modèle de banque de relation

Old National Bancorp utilise une approche bancaire basée sur les relations avec un taux moyen de rétention de la clientèle de 87,4% en 2023.

Segment de clientèle	Valeur de relation moyenne	Taux de rétention
Banque personnelle	$24,500	85.6%
Banque d'affaires	$187,300	91.2%
Gestion de la richesse	$475,600	94.3%

Consultations de conseil financier régulières

En 2023, l'ONB a effectué 42 300 consultations de conseil financier à travers son réseau, avec une durée moyenne de consultation de 67 minutes.

Programmes de fidélité et engagement client ciblé

Le programme de fidélité de la banque, lancé en 2022, comprend 215 000 participants actifs avec un rachat de récompense annuel moyen de 276 $ par client.

• Récompense Inscription du programme: 37% du total de la clientèle
• Taux de réussite de vente croisée: 24,6%
• Participation du programme de référence client: 18 700 références en 2023

Old National Bancorp (ONB) - Modèle d'entreprise: canaux

Réseau de succursale physique

En 2024, Old National Bancorp exploite 181 centres bancaires dans plusieurs États, notamment l'Indiana, l'Illinois, le Kentucky, le Michigan et le Minnesota.

État	Nombre de branches
Indiana	89
Illinois	32
Kentucky	24
Michigan	21
Minnesota	15

Plateforme bancaire en ligne

La plate-forme numérique d'Old National Bancorp dessert environ 286 000 utilisateurs de banques en ligne actifs au quatrième trimestre 2023.

• La plate-forme Web prend en charge l'accès du compte 24/7
• Offre la rémunération des factures, les transferts de fonds et la visualisation des déclarations
• Caractéristiques de sécurité intégrées avec authentification multi-facteurs

Application bancaire mobile

L'application mobile de la banque compte 212 000 utilisateurs mensuels actifs en 2024.

Plate-forme	Note de l'App Store
Apple App Store	4.7/5
Google Play Store	4.6/5

Réseau ATM

Old National Bancorp maintient 246 distributeurs automatiques de billets propriétaires dans ses régions opérationnelles.

• Transactions gratuites dans les distributeurs automatiques de billets propriétaires
• Accès à 32 000 réseau ATM Allpoint à l'échelle nationale
• Retraits sans frais dans les emplacements des partenaires

Centres d'appels de service client

La banque exploite trois principaux centres de service à la clientèle gantant des interactions en moyenne 42 500 clients client.

Type de service	Temps de réponse moyen
Soutien bancaire personnel	3,2 minutes
Soutien bancaire commercial	4,7 minutes
Support technique	5,1 minutes

Old National Bancorp (ONB) - Modèle d'entreprise: segments de clientèle

Clients bancaires de détail individuels

Depuis le quatrième trimestre 2023, Old National Bancorp dessert environ 3,2 millions de clients bancaires de détail individuels dans plusieurs États.

Client démographique	Nombre de clients	Solde moyen du compte
Comptes de chèques personnels	1,450,000	$5,675
Comptes d'épargne personnels	980,000	$12,350

Petites et moyennes entreprises

Old National Bancorp soutient 45 300 clients commerciaux de petite et moyenne taille dans ses régions opérationnelles.

• Portefeuille de prêts commerciaux: 2,3 milliards de dollars
• Taille moyenne des prêts commerciaux: 157 000 $
• Comptes de chèques commerciaux: 32 500

Clients bancaires d'entreprise et commerciaux

La banque dessert 2 750 clients bancaires d'entreprise et commerciaux avec des prêts commerciaux totaux de 8,6 milliards de dollars.

Segment de l'entreprise	Total des clients	Prêts commerciaux totaux
GRANDES clients d'entreprise	350	5,4 milliards de dollars
Clients d'entreprise de marché intermédiaire	2,400	3,2 milliards de dollars

Clients de gestion de la patrimoine

Old National Bancorp gère 12,7 milliards de dollars d'actifs de gestion de patrimoine pour 28 600 clients.

• Clients à valeur nette élevée: 6 500
• Clients riches en masse: 22 100
• Valeur moyenne du portefeuille: 444 000 $

Organisations communautaires locales

La banque soutient 1 750 organisations communautaires locales avec des services bancaires spécialisés.

Type d'organisation	Nombre de clients	Prêts communautaires totaux
Organisations à but non lucratif	850	215 millions de dollars
Gouvernements municipaux	620	340 millions de dollars
Établissements d'enseignement	280	125 millions de dollars

Old National Bancorp (ONB) - Modèle d'entreprise: Structure des coûts

Succursale des dépenses opérationnelles

Pour l'exercice 2023, Old National Bancorp a déclaré des dépenses opérationnelles de succursales totales de 312,4 millions de dollars. Cela comprend:

Catégorie de dépenses	Montant ($ m)
Loyer et services publics	87.6
Entretien	45.2
Sécurité des succursales	22.8
Fournitures de bureau	15.3

Maintenance de la technologie et des infrastructures numériques

Les coûts d'infrastructure technologique pour 2023 ont totalisé 156,7 millions de dollars, avec la ventilation suivante:

• Systèmes bancaires de base: 68,4 millions de dollars
• Infrastructure de cybersécurité: 42,3 millions de dollars
• Plateformes bancaires numériques: 35,6 millions de dollars
• Soutien et maintenance informatique: 10,4 millions de dollars

Salaires et avantages sociaux des employés

La rémunération totale des employés pour 2023 était de 456,9 millions de dollars, structurée comme suit:

Composant de compensation	Montant ($ m)
Salaires de base	312.6
Bonus de performance	78.3
Avantages sociaux	45.2
Contributions à la retraite	20.8

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire pour 2023 s'élevaient à 87,5 millions de dollars, notamment:

• Personnel juridique et de conformité: 32,6 millions de dollars
• Rapports et documentation: 24,3 millions de dollars
• Audit et gestion des risques: 18,7 millions de dollars
• Formation réglementaire: 11,9 millions de dollars

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 ont totalisé 64,2 millions de dollars, réparties:

Canal de marketing	Montant ($ m)
Marketing numérique	22.7
Publicité médiatique traditionnelle	18.5
Campagnes d'acquisition de clients	15.3
Parrainages et événements communautaires	7.7

Old National Bancorp (ONB) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des prêts et des investissements

Pour l'exercice 2023, Old National Bancorp a rapporté 1,54 milliard de dollars de revenus d'intérêts nets. La ventilation des actifs générateurs d'intérêts comprend:

Catégorie d'actifs	Valeur totale ($)
Prêts commerciaux	15,2 milliards de dollars
Prêts hypothécaires résidentiels	6,8 milliards de dollars
Titres d'investissement	4,5 milliards de dollars

Frais de service bancaire

Les revenus des frais de service pour 2023 ont totalisé 248,3 millions de dollars, avec les segments clés suivants:

• Frais de maintenance des comptes de dépôt: 87,6 millions de dollars
• Frais de transaction ATM: 42,1 millions de dollars
• Frais de découvert: 63,5 millions de dollars
• Autres frais de service bancaire: 55,1 millions de dollars

Commissions de gestion de la patrimoine

Segment de gestion de patrimoine généré 156,7 millions de dollars en commissions pour 2023, avec des sources de revenus primaires:

Catégorie de service	Revenus de commission ($)
Services de conseil en investissement	92,4 millions de dollars
Planification de la retraite	38,6 millions de dollars
Services de confiance	25,7 millions de dollars

Frais de transaction

Les revenus des frais de transaction en 2023 sont équipés de 187,5 millions de dollars, y compris:

• Frais de transaction de carte de crédit: 76,2 millions de dollars
• Frais de transaction par carte de débit: 64,9 millions de dollars
• Frais de transfert de fil: 23,4 millions de dollars
• Frais de transaction de change: 23,0 millions de dollars

Ventes de produits d'investissement et d'assurance

Ventes de produits d'investissement et d'assurance générés 112,6 millions de dollars en 2023:

Catégorie de produits	Revenus de vente ($)
Fonds communs de placement	48,3 millions de dollars
Produits d'assurance-vie	39,7 millions de dollars
Ventes de rente	24,6 millions de dollars

Old National Bancorp (ONB) - Canvas Business Model: Value Propositions

You're looking at the core reasons clients choose Old National Bancorp. It's not just about having an account; it's about the stability and performance backing that relationship.

Full-Service Regional Banking: Comprehensive commercial, consumer, and agricultural services

Old National Bancorp provides a full spectrum of financial services across its footprint. This is evidenced by strong activity in key lending areas. For instance, commercial loan production in the third quarter of 2025 hit $2.8 billion, showing active engagement with business clients. The bank's offerings include loans, deposits, and investment products, positioning it as a comprehensive financial resource. Furthermore, the successful integration of Bremer Bank has expanded this service delivery capability.

Financial Stability: Strong liquidity with an 87% loan-to-deposit ratio

A key value proposition is the bank's strong liquidity position, which directly translates to client confidence. As of the third quarter of 2025, Old National Bancorp maintained a loan-to-deposit ratio of 87%. This ratio, supported by period-end total deposits of $55.0 billion, indicates prudent balance sheet management. This stability is further reinforced by a core deposit franchise that grew at an annualized rate of 5.8% in Q3 2025.

Wealth Management: Offering comprehensive wealth and investment solutions

The bank's commitment extends beyond traditional lending and deposits into managing client assets. The services offered include investment products, which is a standard component of a full-service regional bank model. The successful integration of Bremer Bank brought in additional specialty products and Wealth and Investment services to the combined entity. The bank's focus on a low-cost deposit base helps fund these higher-value activities.

High Profitability: Adjusted Return on Average Tangible Common Equity of 20.1% (Q3 2025)

Operational efficiency and profitability are central to the value Old National Bancorp delivers to its shareholders, which underpins its ability to serve clients long-term. For the third quarter of 2025, the adjusted Return on Average Tangible Common Equity (ROATCE) reached 20.1%. This strong profitability is paired with an adjusted efficiency ratio of 48.1% for the same period. This means the bank is generating significant returns relative to its equity base while keeping operating costs well-controlled.

Trusted Partner: Long-term, relationship-based client focus since 1834

Old National Bancorp emphasizes being a primary, trusted partner to its clients, supported by a strong credit culture. This relationship focus is reflected in the quality of its loan book. Nonaccrual loans stood at 1.23% of total loans in Q3 2025, demonstrating resilient credit quality. Also, the bank reported annualized core deposit growth of 5.8%, which speaks directly to the strength of its client relationships and its ability to gather low-cost funding.

Here's a quick look at the key financial metrics supporting these value propositions from the Q3 2025 results:

Metric	Value	Context
Adjusted ROATCE	20.1%	High Profitability Indicator (Q3 2025)
Loan-to-Deposit Ratio	87%	Financial Stability/Liquidity (Q3 2025)
Adjusted Efficiency Ratio	48.1%	Operational Performance (Q3 2025)
Period-End Total Deposits	$55.0 billion	Deposit Franchise Strength (Q3 2025)
Net Interest Income	$582.6 million	Core Revenue Generation (Q3 2025)
Nonaccrual Loans	1.23%	Credit Quality/Risk Management (Q3 2025)

The value proposition is also built on the breadth of its operations, which you can see in the revenue drivers:

• Net Interest Margin (Fully Taxable Equivalent Basis): 3.64%
• Commercial Loan Production: $2.8 billion (Q3 2025)
• Core Deposit Growth (Annualized): 5.8% (Q3 2025)
• Total Loans (Period-End): $48.0 billion (Q3 2025)

The bank is definitely focused on top-quartile performance, which is what clients expect from a stable regional partner.

Old National Bancorp (ONB) - Canvas Business Model: Customer Relationships

You're looking at how Old National Bancorp (ONB) builds and maintains its connections with clients and the communities it serves as of late 2025. The core philosophy centers on deep, lasting ties, blending high-touch personal service with modern digital access.

Relationship Banking Model: Focus on long-term, highly valued partnerships

Old National Bancorp focuses on building long-term, highly valued partnerships with clients across its consumer, commercial, and wealth segments. This approach is a hallmark of the institution, tracing its roots back to 1834. The bank, as of Q2 2025, managed approximately $71 billion of assets and held $38 billion of assets under management. This scale, positioning Old National Bancorp among the top 25 banking companies headquartered in the United States, is meant to support these deep relationships.

Dedicated Advisors: High-touch service for commercial and wealth clients

For commercial and higher-net-worth clients, Old National Bancorp deploys dedicated expertise through its wealth management division, 1834, a division of Old National Bank, and Old National Wealth Advisors (ONWA). This structure provides a boutique-style experience, which you can see in the dedicated staffing numbers for wealth services.

• ONWA comprises approximately 125 team members.
• This team includes more than 70 wealth advisors located across the Midwest and Southeast footprint.
• 1834, which caters to higher-net-worth clients, has expanded its physical presence to include Naples, Florida, alongside existing markets like Nashville and Scottsdale.

The professionals at ONWA offer integrated services including Wealth Planning, Investment Management, and Estate Planning & Administration.

Digital Self-Service: Providing seamless self-service options via mobile/web

To complement the high-touch service, Old National Bancorp continues to invest in technology to make banking simpler and more accessible. The Chief Information Officer discussed how technological advancements are transforming traditional banking operations for a more streamlined and secure experience. This digital push is evident in the platform enhancements made in 2024.

• Old National introduced a new small business digital banking platform in 2024.
• This platform includes modern money movement capabilities and comprehensive business management tools.
• The bank offers seamless self-service options alongside assisted service channels.
• The Investment Strategies Team of ONWA specifically caters to clients who desire a self-service approach to online investing.

Community Engagement: Local presence and community investment

Community investment and engagement are central to Old National Bancorp's stated values, evidenced by its commitment figures and external recognition. The bank was named one of The Civic 50 by Points of Light for the second consecutive year in 2025, an honor reserved for the 50 most community-minded companies in the nation.

Here's a look at the concrete community investment metrics, primarily reflecting 2024 activity and forward-looking commitments:

Metric	Amount/Count	Context/Year
Total Community Growth Plan Commitment	$11.1 billion	Expanded in 2025 (Original $8.3B in 2022)
2024 Charitable Giving & Sponsorships	More than $12.6 million	2024 Investment
Organizations Benefited (2024)	Over 2,500	2024 Investment
Team Member Volunteer Hours (2024)	Nearly 68,000 hours	2024 Activity
Estimated Value of Volunteer Hours (2024)	Exceeds $2 million	2024 Activity
Bremer Footprint Community Commitment (Addendum)	$1.635 billion	Loans/Investments from 2026 to 2028
Bremer Donations (Pre-Acquisition)	$2.7 million	2024 Bremer Activity

The commitment to the communities acquired through the Bremer Bank partnership includes a pledge to invest approximately $179 million in loans and investments within that footprint by 2028, representing a 60% increase over Bremer Bank baselines.

Old National Bancorp (ONB) - Canvas Business Model: Channels

You're looking at how Old National Bancorp moves its services to the client base as of late 2025. It's a mix of the old school and the new, which is typical for a regional powerhouse that's been growing through acquisition.

Physical Branch Network: Traditional branches in the Midwest and Southeast

Old National Bancorp serves clients across Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin. The physical footprint saw significant expansion due to major partnerships finalized in 2024 and 2025. The bank celebrated 190 years of operation, starting in November 1834.

Here's a look at the physical network growth tied to recent strategic moves:

Channel Event/Metric	Date/Reference Point	Impact/Scale
Pre-Merger Banking Centers (Approximate)	Prior to 2024	250 banking centers
CapStar Bank Partnership Finalized	April 1, 2024	Added 23 banking centers (Tennessee, North Carolina)
Bremer Bank Partnership Finalized	October 2025	Added 70 branches (based on Dec 31, 2024, agreement data)
Combined Asset Size Post-Bremer	Late 2025	$70 billion

The total physical presence is now scaled up considerably in the Upper Midwest and Southeast regions. Still, the industry trend shows branch consolidation; for example, in 2018, Old National Bancorp trimmed its network by selling 10 branches in Wisconsin.

Digital Banking: Mobile app and online banking platforms

Old National Bancorp launched a new small business digital banking platform in 2024, focusing on modern money movement and self-service options. While specific Old National Bancorp adoption rates aren't public for late 2025, the broader US context shows this channel is dominant:

• Over 83% of U.S. adults used digital banking services as of 2025.
• Approximately 76% of U.S. adults use mobile banking apps.
• 39% of U.S. adults now rely exclusively on mobile banking.

The bank's Q2 2025 results show revenue from Debit card and ATM fees was reported as 12,922 (likely in thousands of USD, suggesting revenue of about $12.922 million for the quarter).

Commercial Relationship Managers: Direct sales force for commercial clients

The direct sales channel remains key for the commercial segment. Old National Bancorp has dedicated Relationship Managers who focus on local markets and industry expertise for clients needing term loans, lines of credit, and treasury management. James A. Sandgren serves as the Executive VP & CEO of Commercial Banking, indicating a structured leadership focus on this direct sales channel. These managers work to customize solutions, offering the personal touch alongside the resources of a premier institution.

ATMs and Contact Centers: Standard access and support infrastructure

For standard access, Old National Bancorp maintains its ATM infrastructure, which contributes to fee income. For support, the bank offers a centralized contact option. You can reach them by calling 800-731-2266.

The bank reported Q2 2025 net income applicable to common shares of $121.4 million, showing the operational scale supported by these varied channels.

Old National Bancorp (ONB) - Canvas Business Model: Customer Segments

Old National Bancorp serves a diversified client base across its footprint, significantly enhanced by the integration of Bremer Financial Corporation, which closed on May 1, 2025.

Commercial Clients: Businesses driving strong commercial loan production

This segment is a key driver of loan growth for Old National Bancorp.

Metric	Value (as of Q3 2025)
Total Commercial Loan Production (Q3 2025)	$2.8 billion
Period-End Commercial Loan Pipeline	$4.2 billion
Total Period-End Loans (All Segments)	$48.0 billion

Growth in core deposits is specifically noted as being driven by both existing and new commercial clients.

Retail/Consumer Customers: Individuals seeking deposit and loan products

This segment contributes to the bank's granular, low-cost deposit franchise.

• Period-end total deposits reached $55.0 billion as of Q3 2025.
• Core deposits showed an annualized increase of 5.8%.
• Total deposit costs were 197 bps.

High-Net-Worth Individuals: Clients utilizing wealth management services

Wealth management services are delivered through several models, including 1834, which is tailored for high-net-worth clients.

Wealth Metric	Value (as of late 2025)
Total Assets (Overall)	Approximately $71 billion
Assets Under Management (AUM)	Approximately $38 billion
Wealth Advisors (ONWA)	More than 70

The wealth division, now Old National Wealth Advisors (ONWA), also includes the Investment Strategies Team and Private Wealth Management.

Agricultural Businesses: Specialized segment from the Bremer partnership

The partnership with Bremer Financial Corporation brought a strong commercial and agricultural focus to Old National Bancorp, expanding its reach into the Upper Midwest.

• Bremer Bank offered full-service, relationship-based banking with a strong agricultural focus.
• Bremer Wealth accounts transition to the Old National Wealth Management technology platform in February 2026.

Old National Bancorp (ONB) - Canvas Business Model: Cost Structure

You're looking at the core expenses Old National Bancorp (ONB) is managing as of late 2025, especially following the integration of the Bremer Bank partnership. The cost structure is heavily influenced by funding costs and the expenses associated with that recent expansion.

Interest Expense: Cost of total deposits at 1.97% in Q3 2025

The cost associated with funding operations through deposits was a key metric in the third quarter of 2025. Old National Bancorp reported that the total cost of deposits was 197 bps for Q3 2025. This figure represents the interest paid on the total deposit base, which stood at $55.0 billion at the end of the third quarter of 2025. This cost was up 4 bps from the prior quarter, reflecting the general rate environment.

Merger-Related Expenses: Pre-tax charges of $69.3 million in Q3 2025

The ongoing integration costs from the Bremer partnership are clearly visible in the reported figures. For the third quarter of 2025, Old National Bancorp recorded pre-tax charges of $69.3 million specifically for merger-related expenses. This charge is excluded when calculating adjusted noninterest expense to show core operating performance. The total reported noninterest expense for Q3 2025 was $445.7 million, which included this significant charge.

Personnel Costs and Technology and Data Processing: Operating Expenses

Personnel costs, covering salaries and benefits for the expanded workforce, and technology investments are embedded within the noninterest expense structure. To get a clearer view of the run-rate costs, we look at the adjusted noninterest expense, which strips out the merger charges and other one-time items. For Q3 2025, the adjusted noninterest expense was $376.5 million. This was higher than the $343.6 million reported for Q2 2025, which the company attributed to the full quarter impact of Bremer, suggesting higher ongoing personnel and operating costs from the expanded footprint. The Chief Information Officer has emphasized the critical role technology plays in transforming operations, building on prior investments like the new small business digital banking platform introduced in 2024.

Here's a quick look at the key expense and funding cost drivers for Q3 2025:

Cost Component	Q3 2025 Financial Metric	Amount/Rate
Total Noninterest Expense (Reported)	Total Noninterest Expense	$445.7 million
Total Noninterest Expense (Adjusted)	Adjusted Noninterest Expense	$376.5 million
Cost of Total Deposits	Total Deposit Costs	197 bps
Merger-Related Charges	Pre-tax Merger-Related Expenses	$69.3 million
Comparison Point	Adjusted Noninterest Expense (Q2 2025)	$343.6 million

The disciplined expense management is reflected in the efficiency ratio improving to 48.1% on an adjusted basis for Q3 2025.

The bank is definitely focused on keeping funding costs tight while absorbing the higher operating costs of the new structure. Finance: draft 13-week cash view by Friday.

Old National Bancorp (ONB) - Canvas Business Model: Revenue Streams

You're looking at how Old National Bancorp actually brings in the money, which for a bank like this, boils down to two main buckets: interest earned and fees collected. Honestly, the interest side is the engine room.

Net Interest Income (NII) is the core driver. For the third quarter of 2025, Old National Bancorp reported NII on a fully taxable equivalent (FTE) basis of $582.6 million. This number reflects the difference between the interest earned on their assets, like loans, and the interest paid out on their liabilities, like deposits. The net interest margin (NIM) for that quarter improved to 3.64% on an FTE basis, up 11 basis points from the prior quarter, helped by higher asset yields.

The biggest component feeding that NII is the lending business. You're looking at income generated from the total loan portfolio, which stood at period-end $48.0 billion as of the end of Q3 2025. This portfolio includes both commercial and consumer loans, and the growth in that loan book, excluding loans acquired in the Bremer transaction, was up 3.1% annualized for the quarter.

Next up is Noninterest Income, which is the fee-based revenue stream. This shows the bank successfully diversifying away from pure lending income. For Q3 2025, total noninterest income was reported around $130.5 million. This revenue stream gets its power from capital markets and wealth management activities, plus standard banking fees. It's defintely a key area for profitability, especially with the full quarter impact of the Bremer partnership showing through.

Here's a quick look at the components that make up that fee-based revenue for the third quarter of 2025, based on adjusted figures:

Revenue Component	Q3 2025 Adjusted Amount
Total Noninterest Income (Reported)	$130.5 million
Total Noninterest Income (Adjusted)	$130 million
Bank Fees	$41 million
Wealth Management Fees	$40 million
Capital Markets Revenue	$13 million
Mortgage Fees	$10 million

The Service Charges and Fees are a specific part of that noninterest income, representing the day-to-day transaction revenue you'd expect from a retail and commercial bank. The bank fees component, which covers these standard transaction fees, contributed $41 million to the adjusted noninterest income for the quarter. This shows the value of maintaining a broad client base for routine banking services.

To be fair, you should keep an eye on the mix of these revenue sources. For context, looking back over the last five years, net interest income made up about 78.5% of Old National Bancorp's total revenue, underscoring the primary importance of their lending operations.

The key fee-based revenue streams contributing to Noninterest Income include:

• Wealth Management Fees: $40 million in Q3 2025.
• Bank Fees (Transaction/Service): $41 million in Q3 2025.
• Capital Markets Revenue: $13 million in Q3 2025.
• Mortgage Fees: $10 million in Q3 2025.

Finance: draft Q4 2025 revenue projection based on Q3 performance by next Tuesday.