Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 243

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 243
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, such as wealth management, investment consulting, and investment products. The following table details the components in noninterest income:

Three Months EndedJune 30,%Six Months EndedJune 30,%(dollars in thousands)20252024Change20252024ChangeWealth and investment services fees$35,817 $29,358 22.0 %$65,465 $57,662 13.5 %Service charges on deposit accounts23,878 19,350 23.4 45,034 37,248 20.9 Debit card and ATM fees12,922 10,993 17.5 22,913 21,047 8.9 Mortgage banking revenue10,032 7,064 42.0 16,911 11,542 46.5 Capital markets income7,114 4,729 50.4 11,620 7,629 52.3 Company-owned life insurance6,625 5,739 15.4 12,006 9,173 30.9 Debt securities gains (losses), net(41)2 N/M(117)(14)735.7 Other income36,170 10,036 260.4 52,479 20,506 155.9 Total noninterest income$132,517 $87,271 51.8 %$226,311 $164,793 37.3 %

Noninterest income for the three months ended June 30, 2025 included a $21.0 million gain in other income associated with the freezing of benefits of the Bremer pension plan. Excluding this gain, noninterest income 

65

increased to $111.5 million for the three months ended June 30, 2025 compared to the same period in 2024 driven by the acquisition of Bremer and organic growth of fee-based businesses.

Excluding the $21.0 million pre-tax gain associated with the freezing of benefits of the Bremer pension plan, noninterest income increased to $205.3 million for the six months ended June 30, 2025 compared to the same period in 2024 driven by the acquisition of Bremer, the CapStar acquisition in April 2024, organic growth of fee-based businesses, and higher other income. 

Mortgage banking revenue increased $3.0 million and $5.