Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 50

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 50
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 Adjustments to deferred tax assets to reflect the effects of acquisition accounting adjustments, using an estimated blended federal and state statutory tax rate of 25%. K) Adjustments to deferred tax assets to record the income tax effect of the $80,000 provision for credit losses for non-PCD loans and $5,000 provision for credit losses on unfunded loan commitments, using an estimated blended federal and state statutory tax rate of 25%. L) Adjustments to reflect preliminary estimate of fair value of Bremer’s Federal Home Loan Bank advances, subordinated debt and junior subordinated debentures based on current market rates and spreads for similar instruments. M) Adjustments to deferred tax liabilities of $125,000 to reflect the effects of acquisition accounting adjustments and to eliminate Bremer’s existing allowance for credit losses on unfunded commitments of $3,000, using an estimated blended federal and state statutory tax rate of 25%. N) Provision for estimated lifetime credit losses for non-PCD unfunded loan commitments of $5,000 to be recorded immediately following consummation of the mergers. O) Adjustments to eliminate Bremer’s historical common stock and to record the issuance of Old National common shares to holders of Bremer common stock, which as of January 28, 2025, were valued at approximately $1,183,292, with estimated values of $50,182 to common stock and $1,133,110 to capital surplus. P) Adjustments to retained earnings to reflect the after-tax effect of the provision for credit losses for non-PCD loans and unfunded commitments of $63,750 and nonrecurring merger-related costs expected to be incurred as a result of the mergers of $153,000. Q) Net adjustments to interest income to record estimated accretion of discounts on loans associated with the mergers, which such discount is expected to be accreted over seven years using the sum-of-years digits method. R) Net adjustments to interest income to record estimated accretion of discounts on investment securities associated with the mergers, which such discount is expected to be accreted over five years using the straight-line method. S) Adjustments to interest expense to record amortization of net premiums on acquired borrowings

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associated with the mergers, which such premium is expected to be amortized over two and a half years using the straight-line method.

T)

Net adjustments to intangible amortization expense to eliminate Bremer’s historical intangible amort