Old National Bancorp (ONB) 8-K Old National Reports First-quarter Results

Exhibit: 99.2

	Old National Bancorp
	Financial Trends First Quarter 2007 April 30, 2007

Please direct inquiries to:

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

Notes: -All share and per share data have been adjusted for stock dividends.
 
- -Summations may not equal due to rounding.
 
- -In connection with certain derivative transactions related to interest rate swap agreements, the Company restated the years ended December 31, 2003 and 2004. For additional information regarding this restatement, see Form 8-K filed on January 31, 2006.

Old National Bancorp

Financial Summary
First Quarter 2007

													2006												2007
2003			2004			2005			2006				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr
												Profitability (in millions)
$	65.5		$	63.1		$	63.8		$	79.4		NET INCOME	$	20.7		$	20.2		$	21.0		$	17.5		$	10.8
	2.5			2.8			(14.8	)		—		INCOME from Discontinued Operations (net of tax)		—			—			—			—			—
	63.1			60.3			78.6			79.4		INCOME from Continuing Operations (net of tax)		20.7			20.2			21.0			17.5			10.8
												Diluted EPS
$	0.93		$	0.90		$	0.93		$	1.20		Net Income	$	0.31		$	0.30		$	0.32		$	0.27		$	0.16
	0.03			0.04			(0.22	)		—		Income from Discontinued Operations		—			—			—			—			—
	0.90			0.86			1.15			1.20		Income from Continuing Operations		0.31			0.30			0.32			0.27			0.16
												Ratios — Net Income
	8.72	%		8.83	%		9.31	%		12.43	%	Return on Average Common Equity		12.68	%		12.82	%		13.40	%		10.87	%		6.74	%
	0.69	%		0.69	%		0.74	%		0.97	%	Return on Average Assets		1.00	%		0.97	%		1.04	%		0.87	%		0.52	%
												Ratios — Income from Continuing Operations
	8.40	%		8.44	%		11.47	%		12.43	%	Return on Average Common Equity		12.68	%		12.82	%		13.40	%		10.87	%		6.74	%
	0.66	%		0.66	%		0.91	%		0.97	%	Return on Average Assets		1.00	%		0.97	%		1.04	%		0.87	%		0.52	%
	60.84	%		73.92	%		65.43	%		68.53	%	Efficiency Ratio		66.91	%		66.05	%		67.13	%		74.27	%		80.17	%
	3.18	%		3.08	%		3.09	%		3.15	%	Net Interest Margin (FTE)		3.18	%		3.18	%		3.15	%		3.09	%		3.00	%
												Capital Ratios:
												Risk-Based Capital Ratios (EOP):
	11.1	%		11.2	%		10.6	%		11.1	%	Tier 1		10.7	%		10.4	%		11.0	%		11.1	%		9.7	%
	14.7	%		14.9	%		14.4	%		14.5	%	Total		14.5	%		14.1	%		14.9	%		14.5	%		13.0	%
	7.4	%		7.7	%		7.7	%		8.0	%	Leverage Ratio (to Average Assets)		7.8	%		7.6	%		7.9	%		8.0	%		7.1	%
	7.86	%		7.83	%		7.94	%		7.81	%	Total Equity to Assets (Averages)		7.86	%		7.59	%		7.78	%		8.01	%		7.77	%
										��
												Per Common Share Data:
	0.69			0.72			0.76			0.84		Cash Dividends Declared		0.21			0.21			0.21			0.21			0.22
	74	%		80	%		81	%		70	%	Dividend Payout Ratio		68	%		69	%		66	%		79	%		134	%
	10.31			10.16			9.61			9.66		Book Value (EOP)		9.53			9.24			9.68			9.66			9.65
	20.72			24.63			21.64			18.92		Market Value (EOP)		21.64			19.97			19.10			18.92			18.18
												Other Statistics
	2,842			2,565			2,572			2,568		Full Time Equivalent Employees (1)		2,542			2,527			2,518			2,568			2,572
												FTE — Fully taxable equivalent basis
												EOP — End of period actual balances
												(1) Based on the number of employees associated with continuing operations.

PAGE 1

Old National Bancorp

INCOME STATEMENT
($ In Millions except EPS information)

Three Months						Change							First Quarter						Change
2007			2006			$			%				2007			2006			$			%
$	120.5		$	114.7		$	5.8			5.0	%	Interest Income (FTE)	$	120.5		$	114.7		$	5.8			5.0	%
	64.5			55.3			9.3			16.7	%	Less: Interest Expense		64.5			55.3			9.3			16.7	%
	56.0			59.5			(3.5	)		-5.8	%	Net Interest Income (FTE)		56.0			59.5			(3.5	)		-5.8	%
	4.9			5.2			(0.3	)		-5.6	%	Wealth Management Fees		4.9			5.2			(0.3	)		-5.6	%
	10.2			9.9			0.3			3.3	%	Service Charges on Deposit Accounts		10.2			9.9			0.3			3.3	%
	10.6			11.0			(0.3	)		-3.0	%	Insurance Premiums and Commissions		10.6			11.0			(0.3	)		-3.0	%
	2.9			2.3			0.6			26.5	%	Investment Product Fees		2.9			2.3			0.6			26.5	%
	1.0			1.2			(0.3	)		-20.9	%	Mortgage Banking Revenue		1.0			1.2			(0.3	)		-20.9	%
	6.6			11.9			(5.3	)		-44.5	%	Other Income		6.6			11.9			(5.3	)		-44.5	%
	36.2			41.4			(5.2	)		-12.6	%	Total Fees, Service Charges & Other Rev.		36.2			41.4			(5.2	)		-12.6	%
	(2.7	)		(0.1	)		(2.5	)		N/M		Gains (Losses) Sales of Securities		(2.7	)		(0.1	)		(2.5	)		N/M
	0.0			1.6			(1.6	)		-99.1	%	Gains (Losses) Derivatives		0.0			1.6			(1.6	)		-99.1	%
	33.5			42.9			(9.3	)		-21.8	%	Total Noninterest Income		33.5			42.9			(9.3	)		-21.8	%
	89.6			102.4			(12.8	)		-12.5	%	Total Revenues (FTE)		89.6			102.4			(12.8	)		-12.5	%
	41.3			41.3			0.0			0.1	%	Salaries and Employee Benefits		41.3			41.3			0.0			0.1	%
	6.4			5.2			1.1			22.0	%	Occupancy		6.4			5.2			1.1			22.0	%
	3.1			3.4			(0.3	)		-9.5	%	Equipment		3.1			3.4			(0.3	)		-9.5	%
	5.1			4.6			0.4			9.8	%	Data Processing		5.1			4.6			0.4			9.8	%
	4.7			4.6			0.1			2.6	%	Marketing & Communication		4.7			4.6			0.1			2.6	%
	2.0			2.0			(0.0	)		-0.6	%	Professional Fees		2.0			2.0			(0.0	)		-0.6	%
	9.3			7.4			1.9			25.8	%	Other Expense		9.3			7.4			1.9			25.8	%
	71.8			68.5			3.3			4.8	%	Total Noninterest Expense		71.8			68.5			3.3			4.8	%
	2.4			3.5			(1.1	)		-30.1	%	Provision for loan losses		2.4			3.5			(1.1	)		-30.1	%
	15.3			30.4			(15.1	)		-49.6	%	Income before Income Taxes and Discontinued Operations (FTE)		15.3			30.4			(15.1	)		-49.6	%
	0.3			4.6			(4.3	)		-93.6	%	Income Taxes on Continuing Ops.		0.3			4.6			(4.3	)		-93.6	%
	4.2			5.1			(0.9	)		-17.9	%	FTE Adjustment		4.2			5.1			(0.9	)		-17.9	%
	4.5			9.7			(5.2	)		-53.4	%	Total Taxes (FTE)		4.5			9.7			(5.2	)		-53.4	%
	10.8			20.7			(9.9	)		-47.8	%	Income from Continuing Ops., (net of tax)		10.8			20.7			(9.9	)		-47.8	%
	—			—			—			N/M		Income from Discontinued Ops., (net of tax)		—			—			—			N/M
$	10.8		$	20.7		$	(9.9	)		-47.8	%	Net Income	$	10.8		$	20.7		$	(9.9	)		-47.8	%
												Diluted EPS
$	0.16		$	0.31		$	(0.14	)		-46.6	%	Income from Continuing Operations	$	0.16		$	0.31		$	(0.14	)		-46.6	%
	—			—			—			N/M		Income from Discontinued Operations		—			—			—			N/M
$	0.16		$	0.31		$	(0.14	)		-46.6	%	Net Income	$	0.16		$	0.31		$	(0.14	)		-46.6	%
												Average Common Shares Outstanding (000’s)
	65,806			67,016			(1,210	)		-1.8	%	Basic		65,806			67,016			(1,210	)		-1.8	%
	65,863			67,317			(1,454	)		-2.2	%	Diluted		65,863			67,317			(1,454	)		-2.2	%
	66,416			67,409			(993	)		-1.5	%	Common Shares Outstanding (EOP) (000’s)		66,416			67,409			(993	)		-1.5	%
												FTE — Fully taxable equivalent basis
												EOP — End of period actual balances
												N/M = Not meaningful

PAGE 2

Old National Bancorp

NET INCOME TRENDS
First Quarter 2007
($ In Millions except EPS information)

										2006											2007
2003		2004		2005			2006			1st Qtr			2nd Qtr		3rd Qtr			4th Qtr			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr
$	494.8	$	441.0	$	446.8		$	471.2	Interest Income (FTE)	$	114.7		$	118.9	$	118.8		$	118.8		$	120.5
	214.4		185.4		206.1			239.0	Less: Interest Expense		55.3			59.3		61.7			62.7			64.5
	280.4		255.7		240.7			232.2	Net Interest Income (FTE)		59.5			59.6		57.1			56.0			56.0
	20.4		20.4		20.3			19.5	Wealth Management Fees		5.2			5.0		4.7			4.7			4.9
	44.9		48.5		47.2			42.3	Service Charges on Deposit Accounts		9.9			10.7		10.6			11.1			10.2
	22.4		32.8		35.2			41.5	Insurance Premiums and Commissions		11.0			9.5		8.8			12.3			10.6
	10.6		12.0		9.0			8.7	Investment Product Fees		2.3			2.0		2.0			2.4			2.9
	19.1		8.5		4.9			4.1	Mortgage Banking Revenue		1.2			0.6		1.0			1.3			1.0
	23.1		27.0		45.9			34.7	Other Income		11.9			8.6		8.7			5.5			6.6
	140.5		149.2		162.4			150.8	Total Fees, Service Charges & Other Rev.		41.4			36.3		35.8			37.2			36.2
	23.6		2.9		0.9			1.5	Gains (Losses) Sales of Securities		(0.1	)		0.1		0.8			0.8			(2.7	)
	8.9		10.8		(3.4	)		1.5	Gains (Losses) Derivatives		1.6			0.4		(0.1	)		(0.4	)		0.0
	172.9		162.9		159.9			153.8	Total Noninterest Income		42.9			36.8		36.6			37.6			33.5
	453.4		418.5		400.6			386.0	Total Revenues (FTE)		102.4			96.4		93.7			93.6			89.6
	151.4		171.9		147.8			157.6	Salaries and Employee Benefits		41.3			37.7		36.8			41.8			41.3
	17.0		19.3		20.4			19.9	Occupancy		5.2			4.9		5.1			4.8			6.4
	13.8		14.2		14.4			12.7	Equipment		3.4			3.2		3.1			3.1			3.1
	18.9		21.6		21.2			18.0	Data Processing		4.6			4.5		4.4			4.4			5.1
	22.0		20.5		18.2			19.6	Marketing & Communication		4.6			4.9		4.9			5.1			4.7
	8.8		25.9		9.3			7.6	Professional Fees		2.0			1.9		1.8			1.9			2.0
	44.0		36.0		30.9			29.2	Other Expense		7.4			6.5		6.8			8.4			9.3
	275.8		309.4		262.1			264.6	Total Noninterest Expense		68.5			63.7		62.9			69.5			71.8
	85.0		22.4		23.1			7.0	Provision for Loan Losses		3.5			3.5		—			—			2.4
	92.6		86.7		115.4			114.5	Income before Income Taxes and Discontinued Operations (FTE)		30.4			29.2		30.8			24.1			15.3
	4.4		2.5		15.3			15.6	Income Taxes on Continuing Ops.		4.6			3.8		5.0			2.2			0.3
	25.1		23.9		21.5			19.5	FTE Adjustment		5.1			5.2		4.8			4.4			4.2
	29.5		26.4		36.8			35.1	Total Taxes (FTE)		9.7			9.1		9.8			6.6			4.5
	63.1		60.3		78.6			79.4	Income from Continuing Ops., (net of tax)		20.7			20.2		21.0			17.5			10.8
	2.5		2.8		(14.8	)		—	Income from Discontinued Ops., (net of tax)		—			—		—			—			—
$	65.5	$	63.1	$	63.8		$	79.4	Net Income	$	20.7		$	20.2	$	21.0		$	17.5		$	10.8
									Diluted EPS
$	0.90	$	0.86	$	1.15		$	1.20	Income from Continuing Operations	$	0.31		$	0.30	$	0.32		$	0.27		$	0.16
	0.03		0.04		(0.22	)		—	Income from Discontinued Operations		—			—		—			—			—
$	0.93	$	0.90	$	0.93		$	1.20	Net Income	$	0.31		$	0.30	$	0.32		$	0.27		$	0.16
	70,118		69,452		68,095			66,226	Average Basic Common Shares (000’s)		67,016			66,283		65,823			65,797			65,806
	70,174		70,024		68,256			66,261	Average Diluted Common Shares (000’s)		67,317			66,353		65,853			65,868			65,863
									FTE — Fully taxable equivalent basis

PAGE 3

Old National Bancorp

Balance Sheet (EOP)
First Quarter 2007
($ in Millions)

																Change from Prior Year
	3/31/2007			12/31/2006			9/30/2006			6/30/2006			3/31/2006			3/31/2007 vs. 3/31/2006						12/31/2005			12/31/2004
Assets																$			%
Securities:
Treasury & Government Sponsored Agencies	$	582.9		$	680.2		$	546.7		$	652.2		$	581.5		$	1.4			0.2	%	$	509.7		$	699.3
Municipals		267.0			273.3			297.2			459.6			486.6			(219.6	)		-45.1	%		488.4			597.6
Mortgage Backed		1,152.1			1,147.0			1,192.6			1,210.9			1,243.7			(91.6	)		-7.4	%		1,253.3			1,445.1
Fed Funds Sold		330.0			83.5			78.8			5.6			3.1			326.9			N/M			123.9			—
Other (1)		298.7			479.7			247.0			261.8			289.1			9.6			3.3	%		298.2			283.0
Total Investments (1)		2,630.7			2,663.7			2,362.2			2,590.1			2,604.0			26.7			1.0	%		2,673.5			3,025.1
Residential Real Estate Loans Held for Sale		19.0			16.6			15.9			24.1			22.0			(3.0	)		-13.6	%		43.8			22.5
Loans:
Commercial Loans & Leases		1,667.2			1,629.9			1,598.1			1,634.5			1,550.0			117.2			7.6	%		1,553.7			1,550.6
Commercial & Agriculture Real Estate		1,454.2			1,386.4			1,406.9			1,468.5			1,500.1			(46.0	)		-3.1	%		1,534.4			1,653.1
Consumer:
Home Equity		281.1			284.8			294.3			306.5			315.3			(34.1	)		-10.8	%		337.4			363.8
Other Consumer Loans		918.0			914.1			925.0			942.4			931.8			(13.8	)		-1.5	%		924.4			841.8
Subtotal of Commercial & Consumer Loans		4,320.5			4,215.1			4,224.2			4,351.8			4,297.2			23.3			0.5	%		4,349.9			4,409.4
Residential Real Estate		560.8			484.9			492.1			500.0			512.3			48.4			9.5	%		543.9			555.4
Total Loans		4,881.2			4,700.0			4,716.3			4,851.8			4,809.5			71.7			1.5	%		4,893.8			4,964.8
Total Earning Assets		7,530.9			7,380.3			7,094.4			7,466.0			7,435.5			95.4			1.3	%		7,611.2			8,012.4
Allowance for Loan Losses		(71.3	)		(67.8	)		(71.6	)		(76.4	)		(76.8	)		(5.5	)		-7.1	%		(78.8	)		(85.7	)
Nonearning Assets:
Cash and Due from Banks		177.6			210.3			176.6			186.5			165.0			12.6			7.6	%		245.4			204.7
Premises & Equipment		54.1			122.9			123.1			193.3			195.1			(141.0	)		-72.3	%		199.9			212.8
Goodwill & Intangible Assets		194.4			134.2			134.7			135.2			135.8			58.6			43.1	%		136.3			168.8
Other Assets		446.0			369.6			462.7			401.9			390.3			55.7			14.3	%		378.1			385.4
Total Nonearning Assets		872.1			837.0			897.1			916.9			886.3			(14.2	)		-1.6	%		959.7			971.7
Total Assets	$	8,331.6		$	8,149.5		$	7,919.9		$	8,306.5		$	8,244.9		$	86.7			1.1	%	$	8,492.0		$	8,898.3
Liabilities & Equity
Noninterest-bearing Demand Deposits	$	859.4		$	877.9		$	844.9		$	833.2		$	820.1		$	39.3			4.8	%	$	891.5		$	851.2
NOW Accounts		1,635.8			1,449.2			1,328.9			1,440.7			1,458.4			177.4			12.2	%		1,640.7			1,920.5
Savings Accounts		581.7			437.7			411.4			427.7			486.5			95.1			19.6	%		480.4			480.4
Money Market Accounts		851.0			925.3			868.8			884.3			901.6			(50.6	)		-5.6	%		869.0			573.3
Other Time under $100,000		1,363.8			1,369.0			1,381.5			1,387.4			1,391.4			(27.6	)		-2.0	%		1,378.0			1,527.3
Other Time $100,000 & over		1,001.8			932.6			912.3			899.0			822.7			179.1			21.8	%		840.9			675.8
Total Core Deposits		6,293.6			5,991.6			5,747.8			5,872.2			5,880.8			412.8			7.0	%		6,100.5			6,028.6
Borrowed Funds:
Short-term Borrowings		381.0			312.9			301.5			591.4			359.3			21.6			6.0	%		302.8			347.4
Brokered CD’s		316.2			329.9			336.1			333.2			337.3			(21.1	)		-6.3	%		365.1			390.1
Long-term Borrowings		592.5			747.5			772.2			765.9			895.8			(303.3	)		-33.9	%		954.9			1,307.0
Total Borrowed Funds		1,289.6			1,390.3			1,409.8			1,690.4			1,592.4			(302.8	)		-19.0	%		1,622.8			2,044.4
Accrued Expenses & Other Liabilities		107.8			125.2			119.5			129.2			129.4			(21.6	)		-16.7	%		118.8			121.2
Total Liabilities		7,691.0			7,507.1			7,277.1			7,691.8			7,602.5			88.4			1.2	%		7,842.1			8,194.2
Common Stock, Surplus & Retained Earnings		660.9			667.5			663.3			659.4			670.0			(9.1	)		-1.4	%		671.7			699.7
Other Comprehensive Income		(20.3	)		(25.1	)		(20.5	)		(44.8	)		(27.6	)		7.4			26.7	%		(21.8	)		4.3
Total Shareholders Equity		640.7			642.4			642.8			614.7			642.4			(1.7	)		-0.3	%		649.9			704.1
Total Liabilities & Shareholders Equity	$	8,331.6		$	8,149.5		$	7,919.9		$	8,306.5		$	8,244.9		$	86.7			1.1	%	$	8,492.0		$	8,898.3

EOP — End of period actual balances
N/M = Not meaningful
(1) Includes money market investments.

PAGE 4

Old National Bancorp

Balance Sheet Trends
PERIOD AVERAGES
($ in Millions)

2003			2004			2005			2006				2006												2007
													1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr
												Assets
												Securities:
$	629.0		$	640.4		$	574.1		$	584.3		Treasury & Gov’t Sponsored Agencies	$	539.6		$	635.0		$	589.9		$	572.9		$	648.8
	667.5			638.4			536.9			408.5		Municipals		487.2			477.4			380.1			289.2			269.4
	1,709.9			1,422.5			1,346.9			1,215.0		Mortgage Backed		1,251.4			1,238.2			1,199.8			1,170.3			1,161.4
	4.9			68.0			12.6			50.3		Fed Funds Sold		49.3			4.2			10.1			137.7			166.7
	143.8			180.4			298.4			291.9		Other (1)		293.1			274.5			250.9			349.2			356.2
	3,155.1			2,949.7			2,769.0			2,550.0		Total Investments (1)		2,620.5			2,629.3			2,430.8			2,519.3			2,602.5
												Loans:
	1,686.7			1,611.1			1,578.2			1,592.3		Commercial Loans & Leases		1,535.9			1,591.0			1,619.1			1,623.1			1,675.9
	1,866.1			1,767.5			1,604.2			1,466.2		Commercial & Agriculture Real Estate		1,519.7			1,491.9			1,457.9			1,395.1			1,433.2
												Consumer:
	295.8			348.9			357.6			307.1		Home Equity		327.1			311.3			300.6			289.3			285.1
	799.8			847.6			889.9			929.7		Other Consumer Loans		927.0			938.9			933.6			919.4			915.7
	4,648.3			4,575.1			4,429.9			4,295.3		Subtotal of Commercial & Consumer Loans		4,309.7			4,333.2			4,311.3			4,226.9			4,309.9
	1,003.1			765.5			584.7			527.9		Residential Real Estate (2)		557.9			527.5			519.4			506.7			550.3
	5,651.4			5,340.7			5,014.7			4,823.1		Total Loans (2)		4,867.6			4,860.7			4,830.7			4,733.5			4,860.3
	8,806.6			8,290.4			7,783.6			7,373.1		Total Earning Assets		7,488.1			7,490.0			7,261.5			7,252.9			7,462.7
	(89.1	)		(97.8	)		(82.9	)		(76.5	)	Allowance for Loan Losses		(79.1	)		(77.9	)		(77.0	)		(71.8	)		(71.0	)
	838.5			930.9			925.8			876.7		Nonearning Assets		880.7			884.9			881.0			860.4			849.6
$	9,556.0		$	9,123.5		$	8,626.5		$	8,173.4		Total Assets	$	8,289.7		$	8,296.9		$	8,065.5		$	8,041.5		$	8,241.4
												Liabilities & Equity
$	752.8		$	803.1		$	837.6		$	800.7		Noninterest-bearing Demand Deposits	$	811.3		$	795.5		$	793.0		$	802.9		$	822.5
	1,504.7			1,735.6			1,754.9			1,429.8		NOW Accounts		1,506.9			1,437.7			1,360.8			1,413.6			1,542.1
	479.3			471.3			485.3			441.3		Savings Accounts		489.5			444.8			415.5			415.3			539.4
	612.0			587.0			695.0			886.2		Money Market Accounts		883.2			895.8			872.4			893.1			882.6
	2,766.7			2,449.3			2,202.4			2,277.9		Other Time		2,233.9			2,232.9			2,311.3			2,333.4			2,347.4
	6,115.5			6,046.3			5,975.2			5,835.8		Total Core Deposits		5,924.8			5,806.8			5,753.2			5,858.4			6,134.0
												Borrowed Funds:
	687.6			406.1			388.2			402.2		Short-term Borrowings		298.6			530.9			461.4			318.1			375.0
	296.0			375.3			376.2			338.4		Brokered CD’s		352.8			335.7			334.2			331.1			321.3
	1,577.1			1,463.5			1,094.6			835.6		Long-term Borrowings		938.0			860.6			771.4			772.4			644.0
	2,560.7			2,244.9			1,858.9			1,576.3		Total Borrowed Funds		1,589.4			1,727.1			1,567.0			1,421.6			1,340.2
	128.8			117.8			107.1			123.0		Accrued Expenses & Other Liabilities		123.8			133.0			117.9			117.3			127.2
	8,805.0			8,408.9			7,941.2			7,535.1		Total Liabilities		7,637.9			7,667.0			7,438.0			7,397.3			7,601.4
	717.4			708.0			690.9			666.2		Common Stock, Surplus & Retained Earnings		671.1			663.8			664.2			665.6			666.9
	33.6			6.6			(5.6	)		(27.8	)	Other Comprehensive Income		(19.3	)		(33.8	)		(36.7	)		(21.4	)		(26.9	)
	751.0			714.6			685.3			638.4		Total Shareholders Equity		651.8			630.0			627.5			644.2			640.0
$	9,556.0		$	9,123.5		$	8,626.5		$	8,173.4		Total Liabilities & Shareholders Equity	$	8,289.7		$	8,296.9		$	8,065.5		$	8,041.5		$	8,241.4
												(1) Includes money market investments.
												(2) Includes residential loans held for sale.

PAGE 5

Old National Bancorp

Interest Rate Trends (FTE basis)
PERIOD AVERAGES

2003			2004			2005			2006				2006												2007
													1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr
												Earning Assets:
												Securities:
	3.83	%		3.18	%		3.44	%		4.55	%	Treasury & Gov’t Sponsored Agencies		4.26	%		4.49	%		4.66	%		4.75	%		4.87	%
	7.02	%		6.92	%		6.88	%		6.93	%	Municipals		6.85	%		6.89	%		7.00	%		7.05	%		7.05	%
	4.12	%		4.18	%		4.24	%		4.55	%	Mortgage Backed		4.45	%		4.57	%		4.61	%		4.59	%		4.61	%
	1.15	%		1.56	%		4.19	%		5.09	%	Fed Funds Sold		4.34	%		5.14	%		5.40	%		5.33	%		5.25	%
	4.28	%		3.62	%		4.50	%		5.17	%	Other (1)		5.05	%		5.31	%		4.99	%		5.29	%		5.37	%
	4.68	%		4.46	%		4.61	%		5.01	%	Total Investments (1)		4.92	%		5.05	%		5.04	%		5.05	%		5.07	%
												Loans:
	5.61	%		5.41	%		6.39	%		7.32	%	Commercial Loans & Leases		7.06	%		7.30	%		7.48	%		7.43	%		7.54	%
	5.87	%		5.70	%		6.36	%		7.27	%	Commercial & Agriculture Real Estate		7.00	%		7.22	%		7.35	%		7.54	%		7.35	%
												Consumer:
	5.12	%		5.17	%		6.28	%		8.04	%	Home Equity		7.60	%		8.02	%		8.32	%		8.29	%		8.29	%
	8.00	%		7.16	%		6.93	%		7.13	%	Other Consumer Loans		6.96	%		7.05	%		7.22	%		7.30	%		7.40	%
	6.10	%		5.83	%		6.48	%		7.31	%	Subtotal of Commercial & Consumer Loans		7.05	%		7.27	%		7.44	%		7.49	%		7.50	%
	6.37	%		5.60	%		5.47	%		5.54	%	Residential Real Estate Loans (2)		5.41	%		5.45	%		5.66	%		5.64	%		5.73	%
	6.14	%		5.79	%		6.36	%		7.12	%	Total Loans (2)		6.86	%		7.07	%		7.25	%		7.30	%		7.29	%
	5.62	%		5.32	%		5.74	%		6.39	%	Total Earning Assets		6.18	%		6.36	%		6.51	%		6.52	%		6.51	%
												Interest-bearing Liabilities:
	0.90	%		0.94	%		1.44	%		1.92	%	NOW Accounts		1.80	%		1.87	%		1.93	%		2.07	%		2.34	%
	0.73	%		0.47	%		0.87	%		1.28	%	Savings Accounts		1.33	%		1.16	%		1.25	%		1.39	%		2.35	%
	0.94	%		1.10	%		2.71	%		3.32	%	Money Market Accounts		3.23	%		3.19	%		3.38	%		3.48	%		3.55	%
	3.96	%		3.25	%		3.32	%		4.15	%	Other Time		3.78	%		3.99	%		4.30	%		4.51	%		4.64	%
	2.47	%		1.99	%		2.36	%		3.12	%	Total Interest-bearing Deposits		2.87	%		2.99	%		3.23	%		3.39	%		3.56	%
												Borrowed Funds:
	1.06	%		0.96	%		2.48	%		3.98	%	Short-term Borrowings		3.25	%		4.18	%		4.26	%		3.89	%		4.11	%
	4.92	%		4.71	%		4.64	%		4.57	%	Brokered CD’s		4.35	%		4.50	%		4.74	%		4.71	%		4.74	%
	3.81	%		4.05	%		5.26	%		6.03	%	Long-term Borrowings		5.58	%		5.91	%		6.34	%		6.41	%		6.55	%
	3.20	%		3.60	%		4.55	%		5.20	%	Total Borrowed Funds		4.87	%		5.10	%		5.39	%		5.45	%		5.43	%
	2.71	%		2.48	%		2.95	%		3.61	%	Total Interest-bearing Liabilities		3.34	%		3.53	%		3.75	%		3.84	%		3.93	%
	2.91	%		2.84	%		2.79	%		2.78	%	Net Interest Rate Spread		2.83	%		2.83	%		2.76	%		2.68	%		2.58	%
	3.18	%		3.08	%		3.09	%		3.15	%	Net Interest Margin		3.18	%		3.18	%		3.15	%		3.09	%		3.00	%
												FTE — Fully taxable equivalent basis
												(1) Includes money market investments.
												(2) Includes residential loans held for sale.

PAGE 6

Old National Bancorp

Asset Quality (EOP)
($ in Millions)

2003			2004			2005			2006				2006												2007
													1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr
$	87.7		$	95.2		$	85.7		$	78.8		Beginning Allowance for Loan Losses	$	78.8		$	76.8		$	76.4		$	71.6		$	67.8
	85.0			22.4			23.1			7.0		Provision for Loan Losses		3.5			3.5			—			—			2.4
	—			—			—			—		Acquired from acquisition		—			—			—			—			5.7
	(9.3	)		0.7			—			—		Transfer to Allow. Unfunded Commitments		—			—			—			—			—
	(61.6	)		(41.2	)		(36.1	)		(27.9	)	Gross Charge-offs		(7.4	)		(6.4	)		(4.6	)		(9.6	)		(7.7	)
	(14.7	)		(4.6	)		(5.3	)		(2.8	)	Write-downs from Loans Sold		—			—			(2.8	)		—			—
	8.2			13.2			11.5			12.7		Gross Recoveries		1.9			2.4			2.6			5.7			3.1
	(68.1	)		(32.6	)		(30.0	)		(18.1	)	Net Charge-offs		(5.5	)		(4.0	)		(4.7	)		(3.8	)		(4.6	)
$	95.2		$	85.7		$	78.8		$	67.8		Ending Allowance for Loan Losses	$	76.8		$	76.4		$	71.6		$	67.8		$	71.3
	1.21	%		0.61	%		0.60	%		0.37	%	Net Charge-offs / Average Loans (1)		0.46	%		0.33	%		0.39	%		0.32	%		0.38	%
	5,651.4			5,340.7			5,014.7			4,823.1		Average Loans Outstanding (1)		4,867.6			4,860.7			4,830.7			4,733.5			4,860.3
	5,586.5			4,987.3			4,937.6			4,716.6		EOP Loans Outstanding (1)		4,831.5			4,875.9			4,732.2			4,716.6			4,900.2
	1.70	%		1.72	%		1.60	%		1.44	%	Allowance for Loan Loss / EOP Loans (1)		1.59	%		1.57	%		1.51	%		1.44	%		1.46	%
												Underperforming Assets:
$	5.1		$	2.4		$	1.8		$	2.1		Loans 90 Days & over (still accruing)	$	1.4		$	1.3		$	3.1		$	2.1		$	0.5
												Non-performing Loans:
	104.6			54.9			55.6			41.5		Nonaccrual Loans		51.4			51.7			44.9			41.5			60.4
	—			—			—			0.1		Renegotiated Loans		—			0.1			0.1			0.1			0.0
	104.6			54.9			55.6			41.6		Total Non-performing Loans		51.4			51.8			44.9			41.6			60.5
	8.8			8.3			3.6			3.3		Foreclosed properties		2.3			2.9			4.0			3.3			3.6
$	118.5		$	65.6		$	61.0		$	47.0		Total Underperforming Assets	$	55.1		$	56.1		$	52.1		$	47.0		$	64.6
	1.87	%		1.10	%		1.13	%		0.88	%	Non-performing loans / EOP Loans (1)		1.06	%		1.06	%		0.95	%		0.88	%		1.23	%
	91	%		156	%		142	%		163	%	Allowance to Non-performing Loans		150	%		147	%		159	%		163	%		118	%
	2.12	%		1.31	%		1.24	%		1.00	%	Under-performing Assets / EOP Loans (1)		1.14	%		1.15	%		1.10	%		1.00	%		1.32	%
	9,363.2			8,898.3			8,492.0			8,149.5		EOP Total Assets		8,244.9			8,306.5			7,919.9			8,149.5			8,331.6
	1.27	%		0.74	%		0.72	%		0.58	%	Under-performing Assets / EOP Assets		0.67	%		0.67	%		0.66	%		0.58	%		0.77	%
												EOP — End of period actual balances
												(1) Includes residential loans held for sale.

PAGE 7