Old National Bancorp (ONB) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Old National Banker First Quarter 2025 Earnings Conference call. This call is being recorded and has been made accessible to the public in accordance with the SEC's Regulation FT. Corresponding presentation slides can be found on the investor relations page at oldnational.com and will be archived there for 12 months. Management would like to remind everyone that certain statements on today's call may be forward-looking in nature and are subject to certain risks, uncertainties, and other factors that would cause actual results or outcomes to differ from those discussed. The company refers you to its forward-looking statement legend in the earnings release and presentation slides. The company's risk factors are fully disclosed and discussed within its SEC filings. In addition, certain slides contain non-GAAP measures, which management believes provide more appropriate comparisons. These non-GAAP measures are intended to assist investors' understanding of performance trends. Reconciliations for these numbers are contained within the appendix of the presentation. I'd now like to turn the call over to Old National's Chairman and CEO Jim Ryan for opening remarks. Mr. Ryan? Good morning. Earlier today, Old National reported our first quarter earnings. These better than expected results demonstrate our ability to navigate a challenging and uncertain economic environment, setting us up favorably as we move into the second quarter, and importantly, as we prepare for the close integration of our partnership with Bremer Bank. Our strong deposit franchise and solid loan growth drove results for the past quarter. Our net interest income and margin performance met expectations. non-interest income benefited from the gain on sale of some previously acquired loans and ...