Old National Bancorp (ONB) 8-K Old National Reports Fourth-quarter and Full-year 2009 Results

Exhibit 99.2

Old National Bancorp


Financial Trends
Fourth Quarter 2009
February 1, 2010

Please direct inquiries to:

Christopher A. Wolking, Senior Executive Vice President & Chief Financial Officer (812) 464-1322 orJoan M. Kissel, Senior Vice President & Corporate Controller (812) 465-7290

Notes: -Summations may not equal due to rounding.

Old National Bancorp
Financial Summary
Fourth Quarter 2009

														2008												2009
2006			2007				2008			2009				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
													Profitability (in millions)
$	79.4		$	74.9			$	62.5		$	13.7		Net Income (Loss)	$	19.3		$	19.5		$	17.0		$	6.6		$	9.4		$	9.6		$	4.0		$	(9.3	)
	—			—				0.3			3.9		Preferred Dividend and Amort on Preferred Stock		—			—			—			0.3			3.9			—			—			—
	79.4			74.9				62.2			9.8		Net Income (Loss) Avail. to Common Shareholders		19.3			19.5			17.0			6.3			5.5			9.6			4.0			(9.3	)
													Diluted EPS
$	1.20		$	1.14			$	0.95		$	0.14		Net Income (Loss) Avail. to Common Shareholders	$	0.29		$	0.30		$	0.26		$	0.10		$	0.08		$	0.15		$	0.06		$	(0.11	)
													Ratios — Net Income
	12.43	%		11.67	%			9.49	%		1.41	%	Return on Average Common Equity		11.51	%		11.58	%		10.50	%		4.05	%		3.43	%		6.02	%		2.53	%		-4.23	%
	0.97	%		0.94	%			0.82	%		0.17	%	Return on Average Assets		1.01	%		1.03	%		0.90	%		0.35	%		0.47	%		0.47	%		0.21	%		-0.47	%
	68.54	%		71.01	%			69.18	%		81.54	%	Efficiency Ratio		63.87	%		68.37	%		70.03	%		74.79	%		72.20	%		77.50	%		83.39	%		94.78	%
	3.15	%		3.28	%	��		3.82	%		3.52	%	Net Interest Margin (FTE)		3.68	%		3.85	%		3.79	%		3.96	%		3.63	%		3.59	%		3.53	%		3.33	%
													Capital Ratios:
													Risk-Based Capital Ratios (EOP):
	11.1	%		10.6	%			12.7	%		14.2	%	Tier 1		11.0	%		11.2	%		11.4	%		12.7	%		9.9	%		10.2	%		14.1	%		14.2	%
	14.5	%		13.3	%			15.1	%		16.0	%	Total		13.8	%		14.1	%		14.3	%		15.1	%		12.2	%		12.6	%		16.5	%		16.0	%
	8.0	%		7.7	%			9.5	%		9.5	%	Leverage Ratio (to Average Assets)		8.0	%		8.2	%		8.3	%		9.5	%		7.3	%		7.1	%		10.0	%		9.5	%
	7.81	%		8.04	%			8.67	%		9.06	%	Total Equity to Assets (Averages)		8.75	%		8.86	%		8.57	%		8.48	%		9.32	%		7.79	%		8.11	%		11.03	%
	6.34	%		6.03	%			5.81	%		8.25	%	Tangible Common Equity to Tangible Assets (3)		6.44	%		6.21	%		6.06	%		5.81	%		5.23	%		5.51	%		8.53	%		8.25	%
													Per Common Share Data:
	0.84			1.11				0.69			0.44		Cash Dividends Declared (1)		—			0.23			0.23			0.23			0.23			0.07			0.07			0.07
	70	%		97	%			73	%		309	%	Dividend Payout Ratio (1)		—			77	%		89	%		228	%		274	%		48	%		117	%		N/M
	9.66			9.86				9.56			9.68		Common Book Value (EOP)		10.20			9.80			9.59			9.56			9.51			9.55			9.93			9.68
	18.92			14.96				18.16			12.43		Market Value (EOP)		18.00			14.26			20.02			18.16			11.17			9.82			11.20			12.43
	7.64			6.98				6.74			7.38		Tangible Common Book Value (3)		7.33			6.95			6.75			6.74			6.42			6.48			7.61			7.38
													Other Statistics
	2,568			2,494				2,507			2,812		Full Time Equivalent Employees (2)		2,478			2,499			2,489			2,507			2,513			2,875			2,828			2,812

FTE — Fully taxable equivalent basis

EOP — End of period actual balances

(1)	The 1st Qtr 2008 dividend was declared in December 2007 and is included in the 2007 totals.
(2)	1st quarter 2009 doesn’t include Charter associates who joined on March 20, 2009.
(3)	See Non-GAAP Reconciliation on Page 8.

PAGE 1

Old National Bancorp
INCOME STATEMENT
($ In Millions except EPS information)

Twelve Months						Change							Fourth Quarter						Change
2009			2008			$			%				2009			2008			$			%
$	361.5		$	411.8		$	(50.3	)		-12.2	%	Interest Income (FTE)	$	84.2		$	100.8		$	(16.6	)		-16.4	%
	109.3			149.2			(39.9	)		-26.8	%	Less: Interest Expense		25.1			32.7			(7.7	)		-23.5	%
	252.2			262.7			(10.4	)		-4.0	%	Net Interest Income (FTE)		59.2			68.0			(8.9	)		-13.1	%
	16.0			17.4			(1.4	)		-8.1	%	Wealth Management Fees		4.0			3.7			0.3			8.3	%
	55.2			45.2			10.0			22.2	%	Service Charges on Deposit Accounts		13.8			11.8			1.9			16.4	%
	20.5			17.2			3.2			18.8	%	ATM Fees		5.5			4.2			1.3			30.3	%
	6.2			5.1			1.1			22.3	%	Mortgage Banking Revenue		1.2			1.1			0.1			10.3	%
	37.9			39.2			(1.3	)		-3.3	%	Insurance Premiums and Commissions		8.7			9.0			(0.2	)		-2.8	%
	8.5			9.5			(1.0	)		-10.3	%	Investment Product Fees		1.7			2.0			(0.4	)		-18.6	%
	2.4			9.2			(6.8	)		-74.3	%	Company-owned Life Insurance		0.8			0.7			0.0			0.6	%
	13.7			17.9			(4.2	)		-23.3	%	Other Income		3.7			4.0			(0.2	)		-5.9	%
	160.3			160.6			(0.3	)		-0.2	%	Total Fees, Service Charges & Other Rev.		39.4			36.6			2.8			7.6	%
	2.5			7.6			(5.1	)		-67.5	%	Gains (Losses) Sales of Securities (1)		(3.2	)		0.9			(4.1	)		N/M
	0.7			(1.1	)		1.9			N/M		Gains (Losses) Derivatives		0.4			0.0			0.4			N/M
	163.5			167.0			(3.5	)		-2.1	%	Total Noninterest Income		36.6			37.6			(1.0	)		-2.6	%
	415.7			429.6			(13.9	)		-3.2	%	Total Revenues (FTE)		95.8			105.6			(9.9	)		-9.3	%
	181.4			167.8			13.6			8.1	%	Salaries and Employee Benefits		47.0			41.8			5.2			12.4	%
	47.1			39.7			7.4			18.6	%	Occupancy		12.4			10.6			1.8			16.5	%
	10.4			9.5			1.0			10.3	%	Equipment		2.5			2.0			0.5			23.4	%
	9.6			9.6			0.0			0.2	%	Marketing		2.7			1.8			0.9			51.4	%
	20.7			19.0			1.7			8.8	%	Data Processing		5.1			4.7			0.4			9.2	%
	10.9			9.3			1.7			17.9	%	Communication		2.8			2.4			0.3			13.8	%
	9.5			7.2			2.3			32.0	%	Professional Fees		2.7			1.9			0.8			40.3	%
	4.3			6.6			(2.3	)		-34.5	%	Loan Expenses		1.1			1.7			(0.6	)		-34.7	%
	4.3			3.3			1.0			30.8	%	Supplies		0.9			0.9			0.1			5.9	%
	12.4			1.5			10.9			N/M		FDIC Assessment		2.3			0.6			1.6			N/M
	28.3			23.9			4.4			18.5	%	Other Expense		11.3			10.5			0.9			8.1	%
	339.0			297.2			41.7			14.0	%	Total Noninterest Expense		90.8			79.0			11.8			14.9	%
	63.3			51.5			11.8			23.0	%	Provision for loan losses		21.8			17.0			4.8			28.2	%
	13.5			80.9			(67.5	)		-83.4	%	Income (loss) before Income Taxes (FTE)		(16.8	)		9.6			(26.4	)		N/M
	(21.1	)		(0.9	)		(20.2	)		N/M		Income Taxes		(11.6	)		(2.5	)		(9.2	)		N/M
	20.8			19.3			1.5			7.8	%	FTE Adjustment		4.1			5.5			(1.3	)		-24.1	%
	(0.3	)		18.4			(18.7	)		-101.5	%	Total Taxes (FTE)		(7.5	)		3.0			(10.5	)		N/M
$	13.7		$	62.5		$	(48.7	)		-78.0	%	Net Income (Loss)	$	(9.3	)	$	6.6		$	(16.0	)		N/M
												Diluted EPS
$	0.14		$	0.95		$	(0.81	)		-84.9	%	Net Income (Loss) Avail to Common	$	(0.11	)	$	0.10		$	(0.21	)		N/M
												Average Common Shares Outstanding (000’s)
	71,314			65,660			5,655			8.6	%	Basic		86,701			65,730			20,971			31.9	%
	71,367			65,776			5,591			8.5	%	Diluted		86,701			65,922			20,779			31.5	%
	87,182			66,321			20,861			31.5	%	Common Shares Outstanding (EOP) (000’s)		87,182			66,321			20,861			31.5	%

(1)	Includes $6.3 million of net gains and $9.5 million of OTTI in 4Q09 and $27.3 million of net gains and $24.8 million of OTTI in YTD09, respectively.
OTTI —	Other Than Temporary Impairment
FTE —	Fully taxable equivalent basis
EOP —	End of period actual balances
N/M =	Not meaningful

PAGE 2

Old National Bancorp
NET INCOME TRENDS
Fourth Quarter 2009
($ In Millions except EPS information)

												2008												2009
2006		2007			2008			2009				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	471.2	$	478.5		$	411.8		$	361.5		Interest Income (FTE)	$	108.5		$	102.0		$	100.6		$	100.8		$	93.8		$	94.7		$	88.7		$	84.2
	239.0		242.2			149.2			109.3		Less: Interest Expense		44.3			36.0			36.1			32.7			28.8			28.4			27.0			25.1
	232.2		236.4			262.7			252.2		Net Interest Income (FTE)		64.2			65.9			64.5			68.0			65.1			66.3			61.7			59.2
	19.5		18.7			17.4			16.0		Wealth Management Fees		4.6			4.9			4.2			3.7			3.8			4.3			3.9			4.0
	42.3		44.8			45.2			55.2		Service Charges on Deposit Accounts		10.2			11.3			11.8			11.8			10.7			15.7			15.1			13.8
	12.1		14.5			17.2			20.5		ATM Fees		4.0			4.5			4.5			4.2			4.1			5.4			5.4			5.5
	4.1		4.4			5.1			6.2		Mortgage Banking Revenue		1.2			1.4			1.4			1.1			1.7			1.8			1.5			1.2
	41.5		39.0			39.2			37.9		Insurance Premiums and Commissions		12.1			9.3			8.8			9.0			11.4			8.9			8.8			8.7
	8.7		10.7			9.5			8.5		Investment Product Fees		2.7			2.4			2.3			2.0			2.2			2.2			2.4			1.7
	9.0		9.8			9.2			2.4		Company-owned Life Insurance		2.8			2.8			2.9			0.7			0.7			0.4			0.5			0.8
	13.8		16.1			17.9			13.7		Other Income		5.3			5.2			3.2			4.0			3.8			4.0			2.1			3.7
	150.9		158.0			160.6			160.3		Total Fees, Service Charges & Other Rev.		43.0			41.7			39.1			36.6			38.6			42.7			39.6			39.4
	1.5		(3.0	)		7.6			2.5		Gains (Losses) Sales of Securities (1)		4.5			2.1			0.0			0.9			3.2			2.4			0.0			(3.2	)
	1.5		0.2			(1.1	)		0.7		Gains (Losses) Derivatives		(0.6	)		(0.3	)		(0.2	)		0.0			0.5			0.5			(0.7	)		0.4
	153.9		155.1			167.0			163.5		Total Noninterest Income		46.9			43.5			39.0			37.6			42.2			45.6			39.0			36.6
	386.2		391.5			429.6			415.7		Total Revenues (FTE)		111.1			109.5			103.5			105.6			107.3			111.9			100.7			95.8
	157.6		163.7			167.8			181.4		Salaries and Employee Benefits		42.3			43.2			40.5			41.8			42.7			45.2			46.5			47.0
	19.9		26.5			39.7			47.1		Occupancy		9.6			9.6			9.8			10.6			10.6			12.0			12.0			12.4
	12.7		11.1			9.5			10.4		Equipment		2.6			2.5			2.4			2.0			2.3			2.7			2.9			2.5
	10.4		8.4			9.6			9.6		Marketing		2.0			2.7			3.1			1.8			2.0			2.6			2.3			2.7
	18.0		19.2			19.0			20.7		Data Processing		4.6			4.9			4.8			4.7			4.9			5.4			5.3			5.1
	9.2		9.3			9.3			10.9		Communication		2.3			2.2			2.3			2.4			2.6			2.9			2.7			2.8
	7.6		7.7			7.2			9.5		Professional Fees		1.7			1.9			1.7			1.9			2.6			2.1			2.1			2.7
	5.7		6.0			6.6			4.3		Loan Expenses		1.3			1.7			1.9			1.7			0.9			1.2			1.2			1.1
	3.4		3.5			3.3			4.3		Supplies		0.9			0.7			0.8			0.9			1.3			1.2			0.9			0.9
	0.9		0.9			1.5			12.4		FDIC Assessment		0.3			0.3			0.3			0.6			2.1			6.3			1.8			2.3
	19.3		21.7			23.9			28.3		Other Expense		3.3			5.1			5.0			10.5			5.5			5.2			6.3			11.3
	264.7		278.0			297.2			339.0		Total Noninterest Expense		70.9			74.8			72.5			79.0			77.5			86.8			84.0			90.8
	7.0		4.1			51.5			63.3		Provision for Loan Losses		21.9			5.7			6.8			17.0			17.3			12.0			12.2			21.8
	114.5		109.4			80.9			13.5		Income (loss) before Income Taxes (FTE)		18.2			28.9			24.2			9.6			12.5			13.2			4.5			(16.8	)
	15.6		17.3			(0.9	)		(21.1	)	Income Taxes		(5.5	)		4.8			2.3			(2.5	)		(2.7	)		(2.0	)		(4.8	)		(11.6	)
	19.5		17.2			19.3			20.8		FTE Adjustment		4.4			4.6			4.9			5.5			5.9			5.6			5.3			4.1
	35.1		34.5			18.4			(0.3	)	Total Taxes (FTE)		(1.1	)		9.4			7.1			3.0			3.1			3.6			0.5			(7.5	)
$	79.4	$	74.9		$	62.5		$	13.7		Net Income (Loss)	$	19.3		$	19.5		$	17.0		$	6.6		$	9.4		$	9.6		$	4.0		$	(9.3	)
											Diluted EPS
$	1.20	$	1.14		$	0.95		$	0.14		Net Income (Loss) Avail to Common	$	0.29		$	0.30		$	0.26		$	0.10		$	0.08		$	0.15		$	0.06		$	(0.11	)
	66,226		65,684			65,660			71,314		Average Basic Common Shares (000’s)		65,623			65,640			65,645			65,730			65,793			65,950			66,635			86,701
	66,261		65,750			65,776			71,367		Average Diluted Common Shares (000’s)		65,754			65,812			65,790			65,922			65,882			65,999			66,706			86,701

FTE —	Fully taxable equivalent basis
(1)	Includes $2.4 million, $7.9 million, $5.1 million and $9.5 million in 1Q09, 2Q09, 3Q09 and 4Q09, respectively, for OTTI.

PAGE 3

Old National Bancorp
Balance Sheet (EOP)
Fourth Quarter 2009
($ in Millions)

																Change from Prior Year
	12/31/2009			9/30/2009			6/30/2009			3/31/2009			12/31/2008			12/31/2009 vs. 12/31/2008						12/31/2007			12/31/2006
																$			%
Assets
Investments:
Treasury & Gov’t Sponsored Agencies	$	1,142.7		$	1,305.7		$	831.6		$	1,019.6		$	389.3		$	753.4			N/M		$	688.9		$	680.2
Mortgage-backed Securities		1,048.4			941.7			1,029.7			1,131.2			1,172.6			(124.2	)		-10.6	%		1,048.8			1,147.0
States & Political Subdivisions		534.6			494.2			522.7			485.1			482.2			52.4			10.9	%		294.9			273.3
Other Securities		192.7			218.9			215.6			208.5			221.7			(29.0	)		-13.1	%		275.9			275.7
Fed Funds Sold & Resell Agreements		—			—			—			—			0.0			(0.0	)		-100.0	%		—			283.5
Money Market Investments		35.6			28.8			62.5			42.6			30.1			5.5			18.3	%		8.5			4.1
Total Investments		2,953.9			2,989.3			2,662.2			2,887.0			2,295.9			658.0			28.7	%		2,317.0			2,663.7
Residential Real Estate Loans Held for Sale		17.5			11.4			25.2			19.6			17.2			0.4			2.2	%		13.0			16.6
Leases Held for Sale		55.3			58.4			370.2			—			—			55.3			N/M			—			—
Loans:
Commercial Loans & Leases		1,287.2			1,397.0			1,422.6			1,809.4			1,898.0			(610.8	)		-32.2	%		1,694.7			1,629.9
Commercial & Agriculture Real Estate		1,062.9			1,091.5			1,124.4			1,133.9			1,154.9			(92.0	)		-8.0	%		1,270.4			1,386.4
Consumer:
Home Equity		274.8			275.6			271.9			270.5			270.0			4.8			1.8	%		250.1			284.8
Other Consumer Loans		807.2			849.9			883.9			919.2			941.0			(133.7	)		-14.2	%		937.6			914.1
Subtotal of Commercial & Consumer Loans		3,432.1			3,614.0			3,702.8			4,133.0			4,263.8			(831.7	)		-19.5	%		4,152.9			4,215.1
Residential Real Estate		403.4			421.7			448.4			488.5			496.5			(93.1	)		-18.8	%		533.4			484.9
Total Loans		3,835.5			4,035.7			4,151.2			4,621.5			4,760.4			(924.9	)		-19.4	%		4,686.4			4,700.0
Total Earning Assets		6,862.2			7,094.7			7,208.9			7,528.1			7,073.4			(211.2	)		-3.0	%		7,016.3			7,380.3
Allowance for Loan Losses		(69.5	)		(69.6	)		(70.1	)		(71.8	)		(67.1	)		2.5			3.7	%		(56.5	)		(67.8	)
Nonearning Assets:
Cash and Due from Banks		461.7			196.9			146.7			131.5			162.9			298.8			N/M			255.2			210.3
Premises & Equipment		52.4			56.5			58.7			58.6			44.6			7.8			17.4	%		48.7			122.9
Goodwill & Intangible Assets		200.2			202.4			204.0			205.6			186.8			13.4			7.2	%		191.0			134.2
Company-owned Life Insurance		224.7			223.9			224.2			223.8			223.1			1.5			0.7	%		214.5			198.0
Other Assets		273.8			268.6			239.7			280.2			250.1			23.7			9.5	%		176.9			171.6
Total Nonearning Assets		1,212.7			948.4			873.4			899.7			867.6			345.1			39.8	%		886.3			837.0
Total Assets	$	8,005.3		$	7,973.5		$	8,012.2		$	8,356.1		$	7,873.9		$	131.4			1.7	%	$	7,846.1		$	8,149.5
Liabilities & Equity
Noninterest-bearing Demand Deposits	$	1,188.3		$	1,045.9		$	1,045.6		$	1,039.3		$	888.6		$	299.8			33.7	%	$	855.4		$	877.9
NOW Accounts		1,354.3			1,220.2			1,297.2			1,257.5			1,292.6			61.8			4.8	%		1,410.7			1,449.2
Savings Accounts		972.2			971.5			928.9			918.8			874.6			97.6			11.2	%		774.1			437.7
Money Market Accounts		381.1			418.8			452.0			522.8			420.8			(39.7	)		-9.4	%		562.1			925.3
Other Time under $100,000		1,284.3			1,298.7			1,340.3			1,335.2			1,224.2			60.1			4.9	%		1,283.0			1,369.0
Other Time $100,000 & over		653.3			669.2			664.7			671.7			550.0			103.3			18.8	%		562.1			932.6
Total Core Deposits		5,833.5			5,624.4			5,728.6			5,745.4			5,250.8			582.7			11.1	%		5,447.4			5,991.6
Brokered CD’s		69.9			69.9			69.9			109.4			171.5			(101.5	)		-59.2	%		216.0			329.9
Total Deposits		5,903.5			5,694.4			5,798.5			5,854.7			5,422.3			481.2			8.9	%		5,663.4			6,321.5
Short-term Borrowings		331.1			326.1			542.4			827.1			649.6			(318.5	)		-49.0	%		638.2			312.9
Long-term Borrowings		699.1			808.6			810.3			810.0			834.9			(135.8	)		-16.3	%		656.7			747.5
Total Borrowed Funds		1,030.2			1,134.7			1,352.7			1,637.0			1,484.5			(454.3	)		-30.6	%		1,295.0			1,060.5
Accrued Expenses & Other Liabilities		227.8			279.0			226.4			232.5			236.2			(8.4	)		-3.6	%		234.9			125.2
Total Liabilities		7,161.5			7,108.1			7,377.6			7,724.3			7,143.0			18.5			0.3	%		7,193.2			7,507.1
Preferred Stock & Surplus		—			—			—			—			97.4			(97.4	)		-100.0	%		—			—
Common Stock, Surplus & Retained Earnings		864.2			880.3			683.3			679.2			687.0			177.2			25.8	%		664.2			667.5
Other Comprehensive Income		(20.4	)		(14.9	)		(48.7	)		(47.5	)		(53.5	)		33.1			61.9	%		(11.3	)		(25.1	)
Total Shareholders Equity		843.8			865.4			634.6			631.8			730.9			113.0			15.5	%		652.9			642.4
Total Liabilities & Shareholders Equity	$	8,005.3		$	7,973.5		$	8,012.2		$	8,356.1		$	7,873.9		$	131.4			1.7	%	$	7,846.1		$	8,149.5

EOP —	End of period actual balances
N/M =	Not meaningful

PAGE 4

Old National Bancorp
Balance Sheet Trends
PERIOD AVERAGES
($ in Millions)

													2008												2009
2006			2007			2008			2009				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Assets
												Investments:
$	584.3		$	636.8		$	439.1		$	916.3		Treasury & Gov’t Sponsored Agencies	$	653.4		$	405.7		$	356.5		$	340.9		$	551.0		$	935.8		$	872.8		$	1,305.6
	1,215.0			1,112.9			1,130.7			1,063.3		Mortgage-backed Securities		1,059.5			1,132.1			1,146.8			1,184.2			1,163.5			1,087.0			996.9			1,005.7
	408.5			263.7			329.4			506.7		States & Political Subdivisions		287.6			310.6			327.4			392.0			504.9			511.5			498.4			512.0
	254.6			268.6			251.4			214.4		Other Securities		276.2			265.8			252.1			211.7			220.7			212.9			219.7			204.3
	72.8			109.5			1.6			0.0		Fed Funds Sold & Resell Agreements		0.0			0.4			3.5			2.5			0.0			—			—			—
	14.8			7.7			20.3			38.5		Money Market Investments		12.4			31.6			18.1			19.3			33.2			39.5			42.8			38.4
	2,550.0			2,399.1			2,172.6			2,739.2		Total Investments		2,289.1			2,146.2			2,104.3			2,150.7			2,473.4			2,786.8			2,630.6			3,066.0
												Loans:
	1,592.3			1,679.6			1,779.4			1,684.7		Commercial Loans & Leases (1)		1,710.3			1,772.9			1,800.9			1,833.6			1,840.1			1,813.1			1,664.2			1,421.3
	1,466.2			1,374.7			1,205.1			1,117.3		Commercial & Agriculture Real Estate		1,251.2			1,218.7			1,182.3			1,168.2			1,148.9			1,132.0			1,108.7			1,079.5
												Consumer:
	307.1			267.1			254.9			273.1		Home Equity		248.3			249.6			256.2			265.5			271.2			271.8			274.1			275.3
	929.7			937.4			935.7			882.3		Other Consumer Loans		933.0			932.3			937.7			939.8			933.4			900.9			867.2			827.7
	4,295.3			4,258.8			4,175.1			3,957.4		Subtotal of Commercial & Consumer Loans		4,142.9			4,173.5			4,177.0			4,207.1			4,193.7			4,117.8			3,914.2			3,603.8
	527.9			556.0			528.0			469.4		Residential Real Estate (1)		542.0			535.9			523.2			511.2			510.4			491.3			450.2			425.9
	4,823.1			4,814.9			4,703.1			4,426.8		Total Loans (1)		4,684.9			4,709.3			4,700.1			4,718.3			4,704.1			4,609.1			4,364.4			4,029.8
	7,373.1			7,214.0			6,875.7			7,166.0		Total Earning Assets		6,973.9			6,855.5			6,804.5			6,868.9			7,177.4			7,395.9			6,995.0			7,095.8
	(76.5	)		(68.2	)		(62.0	)		(70.1	)	Allowance for Loan Losses		(56.1	)		(67.9	)		(62.0	)		(62.0	)		(67.2	)		(72.2	)		(70.1	)		(71.0	)
	876.7			839.2			804.1			893.9		Nonearning Assets		764.1			806.3			821.2			824.8			813.6			887.7			908.0			966.1
$	8,173.4		$	7,985.0		$	7,617.8		$	7,989.8		Total Assets	$	7,682.0		$	7,594.0		$	7,563.6		$	7,631.7		$	7,923.9		$	8,211.4		$	7,832.9		$	7,990.9
												Liabilities & Equity
$	800.7		$	828.5		$	835.0		$	1,018.4		Noninterest-bearing Demand Deposits	$	811.2		$	824.9		$	841.9		$	861.8		$	904.1		$	1,026.8		$	1,046.8		$	1,096.0
	1,429.8			1,490.4			1,249.5			1,250.7		NOW Accounts		1,310.8			1,264.7			1,204.7			1,217.7			1,239.0			1,261.6			1,260.0			1,242.5
	441.3			622.4			886.4			937.6		Savings Accounts		828.4			906.3			922.6			888.1			878.2			933.9			960.6			977.9
	886.2			758.6			487.5			436.5		Money Market Accounts		541.0			498.1			473.4			437.5			425.5			483.0			432.7			404.9
	2,277.9			2,134.9			1,696.4			1,956.9		Other Time		1,737.3			1,593.5			1,694.6			1,760.2			1,854.1			2,011.2			1,991.9			1,970.5
	5,835.8			5,834.7			5,154.7			5,600.2		Total Core Deposits		5,228.7			5,087.6			5,137.2			5,165.4			5,300.8			5,716.5			5,691.9			5,691.7
	338.4			291.5			170.7			97.8		Brokered CD’s		196.8			112.8			187.0			186.2			161.4			90.0			69.9			69.9
	6,174.2			6,126.2			5,325.4			5,698.0		Total Deposits		5,425.5			5,200.4			5,324.2			5,351.6			5,462.2			5,806.5			5,761.8			5,761.6
	402.2			461.8			616.9			527.1		Short-term Borrowings		625.4			679.6			568.4			594.4			660.5			721.6			401.0			325.6
	835.6			615.9			810.1			812.1		Long-term Borrowings		754.7			832.5			817.8			835.2			834.6			809.9			808.6			795.2
	1,237.8			1,077.7			1,427.0			1,339.2		Total Borrowed Funds		1,380.1			1,512.1			1,386.2			1,429.6			1,495.1			1,531.4			1,209.6			1,120.7
	123.0			139.3			205.2			228.6		Accrued Expenses & Other Liabilities		204.2			208.6			205.1			203.0			227.9			233.5			225.9			227.3
	7,535.1			7,343.1			6,957.7			7,265.9		Total Liabilities		7,009.7			6,921.1			6,915.5			6,984.3			7,185.2			7,571.4			7,197.3			7,109.6
	—			—			5.2			24.1		Preferred Stock & Surplus		—			—			—			21.0			96.4			—			—			—
	666.2			666.8			688.7			735.0		Common Stock, Surplus & Retained Earnings		675.9			688.7			695.0			695.2			687.5			680.9			676.0			895.8
	(27.8	)		(25.0	)		(33.7	)		(35.3	)	Other Comprehensive Income		(3.6	)		(15.8	)		(46.9	)		(68.7	)		(45.2	)		(41.0	)		(40.4	)		(14.5	)
	638.4			641.8			660.2			723.9		Total Shareholders Equity		672.3			672.9			648.1			647.5			738.7			640.0			635.6			881.3
$	8,173.4		$	7,985.0		$	7,617.8		$	7,989.8		Total Liabilities & Shareholders Equity	$	7,682.0		$	7,594.0		$	7,563.6		$	7,631.7		$	7,923.9		$	8,211.4		$	7,832.9		$	7,990.9

(1) Includes residential loans and leases held for sale.

PAGE 5

Old National Bancorp
Interest Rate Trends (FTE basis)
PERIOD AVERAGES

													2008												2009
2006			2007			2008			2009				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Earning Assets:
												Investments:
	4.55	%		5.07	%		4.90	%		4.01	%	Treasury & Gov’t Sponsored Agencies		4.66	%		4.97	%		5.03	%		5.14	%		4.80	%		4.52	%		4.15	%		3.21	%
	4.55	%		4.68	%		5.01	%		4.93	%	Mortgage-backed Securities		4.79	%		5.03	%		5.07	%		5.14	%		5.16	%		5.18	%		4.78	%		4.54	%
	6.93	%		7.07	%		6.91	%		6.72	%	States & Political Subdivisions		6.85	%		6.76	%		6.80	%		7.15	%		6.92	%		6.53	%		6.83	%		6.63	%
	5.14	%		5.25	%		5.54	%		4.93	%	Other Securities		5.31	%		5.30	%		5.47	%		6.22	%		5.31	%		4.95	%		4.98	%		4.44	%
	5.20	%		5.35	%		3.40	%		0.35	%	Fed Funds Sold, Resell Agr & Money Mkt		10.74	%		2.42	%		2.74	%		1.34	%		0.75	%		0.37	%		0.25	%		0.09	%
	5.01	%		5.14	%		5.32	%		4.89	%	Total Investments		5.11	%		5.26	%		5.36	%		5.58	%		5.39	%		5.12	%		4.90	%		4.26	%
												Loans:
	7.32	%		7.47	%		5.88	%		4.49	%	Commercial Loans & Leases (1)		6.64	%		5.86	%		5.63	%		5.44	%		4.52	%		4.54	%		4.52	%		4.37	%
	7.27	%		7.56	%		6.22	%		4.62	%	Commercial & Agriculture Real Estate		6.70	%		6.25	%		6.01	%		5.90	%		4.79	%		4.60	%		4.57	%		4.53	%
												Consumer:
	8.04	%		8.17	%		5.51	%		3.57	%	Home Equity		6.71	%		5.49	%		5.30	%		4.60	%		3.59	%		3.55	%		3.55	%		3.60	%
	7.13	%		7.61	%		7.66	%		7.27	%	Other Consumer Loans		7.79	%		7.66	%		7.60	%		7.57	%		7.30	%		7.24	%		7.28	%		7.28	%
	7.31	%		7.57	%		6.35	%		5.08	%	Subtotal of Commercial & Consumer Loans		6.92	%		6.35	%		6.16	%		5.99	%		5.15	%		5.08	%		5.08	%		5.03	%
	5.54	%		5.86	%		5.87	%		5.63	%	Residential Real Estate Loans (1)		5.92	%		5.85	%		5.87	%		5.84	%		5.68	%		5.61	%		5.65	%		5.56	%
	7.12	%		7.38	%		6.30	%		5.14	%	Total Loans (1)		6.81	%		6.29	%		6.11	%		5.97	%		5.21	%		5.14	%		5.14	%		5.08	%
	6.39	%		6.63	%		5.99	%		5.04	%	Total Earning Assets		6.25	%		5.97	%		5.89	%		5.85	%		5.27	%		5.13	%		5.05	%		4.73	%
												Interest-bearing Liabilities:
	1.92	%		2.12	%		0.51	%		0.04	%	NOW Accounts		0.84	%		0.52	%		0.45	%		0.21	%		0.03	%		0.04	%		0.04	%		0.04	%
	1.28	%		2.43	%		1.46	%		0.38	%	Savings Accounts		2.03	%		1.50	%		1.46	%		0.88	%		0.40	%		0.39	%		0.39	%		0.35	%
	3.32	%		3.11	%		1.12	%		0.10	%	Money Market Accounts		1.71	%		1.14	%		1.04	%		0.47	%		0.11	%		0.10	%		0.10	%		0.10	%
	4.15	%		4.64	%		3.74	%		3.01	%	Other Time		4.26	%		3.67	%		3.52	%		3.50	%		3.29	%		3.10	%		2.92	%		2.75	%
	3.12	%		3.38	%		2.04	%		1.39	%	Total Interest-bearing Deposits		2.51	%		1.98	%		1.94	%		1.72	%		1.49	%		1.43	%		1.35	%		1.27	%
	4.57	%		4.72	%		4.25	%		4.26	%	Brokered CD’s		4.32	%		4.01	%		4.26	%		4.30	%		4.16	%		4.19	%		4.44	%		4.44	%
	3.21	%		3.46	%		2.13	%		1.45	%	Total Interest-bearing Deposits & CD’s		2.59	%		2.03	%		2.04	%		1.83	%		1.58	%		1.48	%		1.40	%		1.32	%
	3.98	%		3.94	%		1.77	%		0.27	%	Short-term Borrowings		2.53	%		1.81	%		1.79	%		0.92	%		0.24	%		0.25	%		0.31	%		0.32	%
	6.03	%		6.64	%		5.29	%		4.96	%	Long-term Borrowings		5.69	%		5.25	%		5.13	%		5.11	%		5.15	%		5.11	%		4.93	%		4.63	%
	5.37	%		5.48	%		3.77	%		3.11	%	Total Borrowed Funds		4.27	%		3.70	%		3.76	%		3.37	%		2.98	%		2.82	%		3.40	%		3.37	%
	3.61	%		3.80	%		2.52	%		1.82	%	Total Interest-bearing Liabilities		2.98	%		2.46	%		2.45	%		2.20	%		1.93	%		1.81	%		1.81	%		1.72	%
	2.78	%		2.83	%		3.47	%		3.23	%	Net Interest Rate Spread		3.27	%		3.51	%		3.45	%		3.65	%		3.34	%		3.33	%		3.24	%		3.01	%
	3.15	%		3.28	%		3.82	%		3.52	%	Net Interest Margin		3.68	%		3.85	%		3.79	%		3.96	%		3.63	%		3.59	%		3.53	%		3.33	%

FTE —	Fully taxable equivalent basis
(1)	Includes residential loans and leases held for sale.

PAGE 6

Old National Bancorp
Asset Quality (EOP)
($ in Millions)

													2008												2009
2006			2007			2008			2009				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	78.8		$	67.8		$	56.5		$	67.1		Beginning Allowance for Loan Losses	$	56.5		$	72.2		$	62.1		$	63.5		$	67.1		$	71.8		$	70.1		$	69.6
	7.0			4.1			51.5			63.3		Provision for Loan Losses		21.9			5.7			6.8			17.0			17.3			12.0			12.2			21.8
	—			5.7			—			—		Acquired from acquisition		—			—			—			—			—			—			—			—
	(27.9	)		(26.9	)		(51.2	)		(78.0	)	Gross Charge-offs		(8.7	)		(18.0	)		(8.7	)		(15.9	)		(15.9	)		(16.0	)		(19.1	)		(27.1	)
	(2.8	)		(5.3	)		—			(0.6	)	Write-downs from Loans Sold		—			—			—			—			—			(0.6	)		—			—
	12.7			11.1			10.4			17.8		Gross Recoveries		2.6			2.1			3.2			2.5			3.3			2.9			6.3			5.3
	(18.1	)		(21.1	)		(40.8	)		(60.8	)	Net Charge-offs		(6.1	)		(15.9	)		(5.5	)		(13.4	)		(12.6	)		(13.6	)		(12.7	)		(21.8	)
$	67.8		$	56.5		$	67.1		$	69.5		Ending Allowance for Loan Losses	$	72.2		$	62.1		$	63.5		$	67.1		$	71.8		$	70.1		$	69.6		$	69.5
	0.37	%		0.44	%		0.87	%		1.37	%	Net Charge-offs / Average Loans (1)		0.52	%		1.35	%		0.46	%		1.14	%		1.07	%		1.18	%		1.17	%		2.17	%
$	4,823.1		$	4,814.9		$	4,703.1		$	4,426.8		Average Loans Outstanding (1)	$	4,684.9		$	4,709.3		$	4,700.1		$	4,718.3		$	4,704.1		$	4,609.1		$	4,364.4		$	4,029.8
$	4,716.6		$	4,699.4		$	4,777.5		$	3,908.3		EOP Loans Outstanding (1)	$	4,691.0		$	4,743.4		$	4,693.0		$	4,777.5		$	4,641.1		$	4,546.7		$	4,105.4		$	3,908.3
	1.44	%		1.20	%		1.41	%		1.81	%	Allowance for Loan Loss / EOP Loans (2)		1.54	%		1.31	%		1.36	%		1.41	%		1.55	%		1.69	%		1.72	%		1.81	%
												Underperforming Assets:
$	2.1		$	1.5		$	2.9		$	3.5		Loans 90 Days & over (still accruing)	$	1.5		$	1.6		$	1.9		$	2.9		$	2.4		$	2.3		$	2.7		$	3.5
												Non-performing Loans:
	41.5			40.8			64.0			67.0		Nonaccrual Loans (3)		70.2			68.1			68.4			64.0			77.4			77.7			73.7			67.0
	0.1			—			—			—		Renegotiated Loans		—			—			—			—			—			—			—			—
	41.6			40.8			64.0			67.0		Total Non-performing Loans		70.2			68.1			68.4			64.0			77.4			77.7			73.7			67.0
	3.3			2.9			2.9			8.1		Foreclosed properties		2.3			3.3			3.2			2.9			6.9			4.8			4.2			8.1
$	47.0		$	45.2		$	69.9		$	78.7		Total Underperforming Assets	$	74.1		$	72.9		$	73.6		$	69.9		$	86.7		$	84.8		$	80.6		$	78.7
$	153.2		$	115.1		$	180.1		$	157.1		Classified Loans — “Problem Loans”	$	153.7		$	149.8		$	173.8		$	180.1		$	199.8		$	191.3		$	174.7		$	157.1
	—			—			34.5			161.2		Other Classified Assets		—			—			—			34.5			96.5			145.3			174.6		$	161.2
	119.8			103.2			124.9			103.5		Criticized Loans — “Special Mention Loans”		103.8			97.5			114.3			124.9			86.6			101.0			94.6			103.5
$	273.0		$	218.3		$	339.5		$	421.7		Total Classified & Criticized Assets	$	257.5		$	247.3		$	288.2		$	339.5		$	382.9		$	437.6		$	443.9		$	421.7
	0.88	%		0.87	%		1.34	%		1.71	%	Non-performing loans / EOP Loans (1)		1.50	%		1.43	%		1.46	%		1.34	%		1.67	%		1.71	%		1.80	%		1.71	%
	163	%		138	%		105	%		104	%	Allowance to Non-performing Loans		103	%		91	%		93	%		105	%		93	%		90	%		94	%		104	%
	1.00	%		0.96	%		1.46	%		2.01	%	Under-performing Assets / EOP Loans (1)		1.58	%		1.54	%		1.57	%		1.46	%		1.87	%		1.87	%		1.96	%		2.01	%
$	8,149.5		$	7,846.1		$	7,873.9		$	8,005.3		EOP Total Assets	$	7,723.5		$	7,601.8		$	7,568.3		$	7,873.9		$	8,356.1		$	8,012.2		$	7,973.5		$	8,005.3
	0.58	%		0.58	%		0.89	%		0.98	%	Under-performing Assets / EOP Assets		0.96	%		0.96	%		0.97	%		0.89	%		1.04	%		1.06	%		1.01	%		0.98	%

EOP —	End of period actual balances
(1)	Includes residential loans and leases held for sale.
(2)	Excludes residential loans and leases held for sale.
(3)	Includes $.6 million in 2Q09, $4.8 million in 3Q09 and $10.0 million in 4Q09 of renegotiated loans.

PAGE 7

Old National Bancorp
NON-GAAP MEASURES
Fourth Quarter 2009
($ In Millions except EPS information)

													2008												2009
2006			2007			2008			2009				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Actual EOP Balances
$	642.4		$	652.9		$	730.9		$	843.8		GAAP Shareholders’ Equity	$	675.4		$	649.0		$	635.4		$	730.9		$	631.8		$	634.6		$	865.4		$	843.8
												Deduct:
	113.4			159.2			159.2			167.9		Goodwill		159.2			159.2			159.2			159.2			167.8			167.9			167.9			167.9
	20.8			31.8			27.6			32.3		Intangibles		31.1			29.5			28.6			27.6			37.8			36.1			34.5			32.3
	134.2			191.0			186.8			200.2				190.3			188.7			187.8			186.8			205.6			204.0			202.4			200.2
$	508.2		$	461.9		$	544.0		$	643.6		Tangible Shareholders’ Equity	$	485.1		$	460.3		$	447.6		$	544.0		$	426.2		$	430.6		$	663.0		$	643.6
												Deduct:
	—			—			97.4			—		Preferred Stock, Surplus & Retained Earnings		—			—			—			97.4			—			—			—			—
$	508.2		$	461.9		$	446.7		$	643.6		Tangible Common Shareholders’ Equity	$	485.1		$	460.3		$	447.6		$	446.7		$	426.2		$	430.6		$	663.0		$	643.6
												Actual EOP Balances
$	8,149.5		$	7,846.1		$	7,873.9		$	8,005.3		GAAP Assets	$	7,723.5		$	7,601.8		$	7,568.3		$	7,873.9		$	8,356.1		$	8,012.2		$	7,973.5		$	8,005.3
												Add:
	0.8			1.7			1.0			0.2		Trust Overdrafts		0.1			0.1			0.3			1.0			0.1			0.0			0.4			0.2
												Deduct:
	113.4			159.2			159.2			167.9		Goodwill		159.2			159.2			159.2			159.2			167.8			167.9			167.9			167.9
	20.8			31.8			27.6			32.3		Intangibles		31.1			29.5			28.6			27.6			37.8			36.1			34.5			32.3
	134.2			191.0			186.8			200.2				190.3			188.7			187.8			186.8			205.6			204.0			202.4			200.2
$	8,016.2		$	7,656.8		$	7,688.0		$	7,805.4		Tangible Assets	$	7,533.2		$	7,413.1		$	7,380.9		$	7,688.0		$	8,150.5		$	7,808.2		$	7,771.6		$	7,805.4
	5,695.6			5,483.0			5,555.2			5,204.3		Risk Weighted Assets		5,496.4			5,415.9			5,385.5			5,555.2			5,680.4			5,529.0			5,410.9			5,204.3
												Actual EOP Balances
$	79.4		$	74.9		$	62.5		$	13.7		GAAP Net Income	$	19.3		$	19.5		$	17.0		$	6.6		$	9.4		$	9.6		$	4.0		$	(9.3	)
												Add:
	1.8			3.0			3.6			4.9		Intangible Amortization (net of tax)		0.8			1.2			0.8			0.8			0.8			1.2			1.2			1.6
$	81.2		$	77.9		$	66.1		$	18.6		Tangible Net Income	$	20.1		$	20.7		$	17.8		$	7.5		$	10.3		$	10.9		$	5.3		$	(7.8	)
												Tangible Ratios
	15.98	%		16.87	%		12.15	%		2.89	%	Return on Tangible Equity		16.58	%		17.96	%		15.94	%		5.49	%		9.62	%		10.11	%		3.17	%		-4.83	%
	15.98	%		16.87	%		14.79	%		2.89	%	Return on Tangible Common Equity		16.58	%		17.96	%		15.94	%		6.69	%		9.62	%		10.11	%		3.17	%		-4.83	%
	1.01	%		1.02	%		0.86	%		0.24	%	Return on Tangible Assets		1.07	%		1.12	%		0.97	%		0.39	%		0.50	%		0.56	%		0.27	%		-0.40	%
	6.34	%		6.03	%		7.08	%		8.25	%	Tangible Equity to Tangible Assets		6.44	%		6.21	%		6.06	%		7.08	%		5.23	%		5.51	%		8.53	%		8.25	%
	8.92	%		8.42	%		9.79	%		12.37	%	Tangible Equity to Risk Weighted Assets		8.83	%		8.50	%		8.31	%		9.79	%		7.50	%		7.79	%		12.25	%		12.37	%
	6.34	%		6.03	%		5.81	%		8.25	%	Tangible Common Equity to Tangible Assets		6.44	%		6.21	%		6.06	%		5.81	%		5.23	%		5.51	%		8.53	%		8.25	%
	8.92	%		8.42	%		8.04	%		12.37	%	Tangible Common Equity to Risk Wgt Assets		8.83	%		8.50	%		8.31	%		8.04	%		7.50	%		7.79	%		12.25	%		12.37	%
	7.64			6.98			8.20			7.38		Tangible Book Value (1)		7.33			6.95			6.75			8.20			6.42			6.48			7.61			7.38
	7.64			6.98			6.74			7.38		Tangible Common Book Value (2)		7.33			6.95			6.75			6.74			6.42			6.48			7.61			7.38

Tangible Common Equity is defined as GAAP Shareholders’ Equity less Preferred Stock, Goodwill and Intangibles.
Tangible Common Equity presentation includes Other Comprehensive Income (OCI) as is common in other company releases.
(1)	Tangible Shareholders’ Equity Divided By Common Shares Issued and Outstanding at Period-End.
(2)	Tangible Common Shareholders’ Equity Divided By Common Shares Issued and Outstanding at Period-End.

PAGE 8