OLD NATIONAL BANCORP (NASDAQ:ONB) Files An 8-K Results of Operations and Financial ConditionItem 2.02
On October24, 2017, Old National Bancorp (the “Company”) issued a press release (“Press Release”) reporting its financial results for the third quarter of 2017. The Press Release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. In connection therewith, a slide presentation outlining third-quarter earnings, recent strategic developments and the Company’s financial outlook will be available on the “Investor Relations” section of the Company’s website to complement the conference call to be held on October24, 2017, at 10:00 a.m. CDT and will be accessible at http://www.oldnational.com before the conference call begins.
Item 2.02 | Regulation FD Disclosure. |
On October24, 2017, in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Company publicly disclosed the results of its Dodd-Frank Act Stress Test. Results include both Old National Bancorp and Old National Bank, and can be found on the Company’s Investor Relations website under the heading “Corporate Information,” then under the heading “Dodd Frank Act Stress Test Results.” (http://ir.oldnational.com/CustomPage/Index?KeyGenPage=1073752089). Results are based on a forward-looking exercise using hypothetical severely adverse macroeconomic assumptions developed by the Federal Reserve and by the Office of the Comptroller of the Currency, and do not represent the Company’s economic forecast.
The information in this Form 8-K shall not be deemed to be filed for purposes of Section18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1934, except as shall be expressly set forth by specific reference in such a filing. Furthermore, the information contained in the Company’s Dodd-Frank Act Stress Test Results shall not be deemed to be incorporated by reference into filings under the Securities Act of 1933.
This disclosure contains certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, descriptions of the Company’s financial condition, results of operations, capital ratios, asset and credit quality trends and profitability. The financial results and ratios presented in this disclosure were calculated using assumptions provided by the Dodd-Frank Act stress testing rules. These projections represent hypothetical estimates that involve economic outcomes that are adverse by their definition and are not intended to be a forecast of expected future economic or financial conditions. The results of this disclosure are not forecasts of the Company’s expected financial results or capital ratios. The Company’s future financial results will be influenced by actual economic and financial conditions and various other factors. Refer to the Company’s filings with the Securities and Exchange Commission for a summary of other important factors that may affect the Company’s risk factors and its forward-looking statements.
These forward-looking statements are made only as of the date of this disclosure, and the Company does not undertake an obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this disclosure.
Item 2.02 | Financial Statements and Exhibits. |
(d) Exhibits.
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OLD NATIONAL BANCORP /IN/ ExhibitEX-99.1 2 d478619dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NASDAQ: ONB FOR IMMEDIATE RELEASE oldnational.com October 24,…To view the full exhibit click here
About OLD NATIONAL BANCORP (NASDAQ:ONB)
Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other traditional banking services. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services. The Company operates in two segments: banking and insurance. The Company’s banking segment operates through its subsidiary, Old National Bank. Old National Bank operates approximately 160 banking financial centers located in Indiana, Kentucky and Michigan. The Company’s insurance segment offers full-service insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance.