Old National Bancorp (ONB) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Old National Bancorp third quarter 2025 earnings conference call. This line is being recorded and has been made accessible to the public in accordance with the SEC's regulation FD. 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 that certain statements on today's call may be forward-looking in nature and are subject to certain risks, uncertainties and other factors that could 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 with management's beliefs provide more appropriate comparisons. These non-GAAP measures are intended to assist investors' understanding of performance trends. Reconciliations for these numbers are contained in the appendix of the presentation. I would now like to turn the call over to Oath Nation's Chairman and CEO, Jim Ryan, for opening remarks. Mr. Ryan? Good morning. Earlier today, Old Nash reported outstanding third quarter 2025 results that reflect our strong financial performance and our continued commitment to being a better version of ourselves quarter after quarter. We delivered third quarter performance at or above our guidance across all major income statement line items. We beat earnings expectations, delivered an adjusted 20% of return on average tangible common equity, a 1.3% plus ROA and a sub 50% efficiency ratio with improved credit metrics. Provision and charge offs aligned with expectations and we saw a meaningful dec...