Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 260

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 260
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 resulting from an immediate change in interest rates using multiple rate scenarios. The base case scenario assumes that the balance sheet and interest rates are held at current levels. The model shows our projected net interest income sensitivity based on interest rate changes only and does not consider other forecast assumptions. Due to the dynamics of future interest rate expectations, we also measure and monitor interest rate risk using the forward curve, which may be a more probable scenario of our interest rate exposure. The forward curve represents the relationship between the price of forward contracts and the time to maturity of the forward contracts at a point in time.

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The following table illustrates our projected net interest income sensitivity over a two-year cumulative horizon based on the asset/liability model at June 30, 2025 and 2024:

Immediate Rate DecreaseJune 30, 2025ForwardCurveImmediate Rate Increase(dollars in thousands)-300Basis Points-200Basis Points-100Basis PointsBase+100Basis Points+200Basis Points+300Basis PointsJune 30, 2025Projected interest income:Money market, other  interest earning  investments, and  investment  securities$1,003,247 $1,124,051 $1,234,492 $1,291,913 $1,320,324 $1,378,486 $1,428,001 $1,475,967 Loans3,876,868 4,538,232 5,169,325 5,326,771 5,761,516 6,320,235 6,866,992 7,409,983 Total interest   income4,880,115 5,662,283 6,403,817 6,618,684 7,081,840 7,698,721 8,294,993 8,885,950 Projected interest expense:Deposits544,860 959,639 1,396,607 1,487,928 1,860,933 2,332,488 2,777,697 3,222,907 Borrowings469,089 606,475 749,830 800,724 916,315 1,086,951 1,257,876 1,428,853 Total interest   expense1,013,949 1,566,