Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 85

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 85
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 have for the past 190 years. We will remain on offense and continue to demonstrate our ability to execute on our strategic priorities. We remain focused on the fundamentals of basic banking, including loan and deposit growth, expansion of revenue-generating businesses, strong credit quality, prudent capital deployment, and disciplined expense management within a sound risk management framework to produce positive operating leverage, which allows us to continue to create value for our shareholders and communities.

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FINANCIAL HIGHLIGHTS

The following table sets forth certain financial highlights of Old National for the previous five quarters:

Three Months Ended(dollars and shares in thousands,except per share data)December 31,September 30,June 30,March 31,December 31,20242024202420242023Income Statement:Net interest income$394,180 $391,724 $388,421 $356,458 $364,408 Taxable equivalent adjustment (1) (3)5,777 6,144 6,340 6,253 6,100 Net interest income – taxable equivalent basis (3)399,957 397,868 394,761 362,711 370,508 Provision for credit losses27,017 28,497 36,214 18,891 11,595 Noninterest income95,766 94,138 87,271 77,522 100,094 Noninterest expense276,824 272,283 282,999 262,317 284,235 Net income available to common shareholders149,839 139,768 117,196 116,250 128,446 Per Common Share Data:Weighted average diluted common shares318,803 317,331 316,461 292,207 292,029 Net income (diluted)$0.47 $0.44 $0.37 $0.40 $0.44 Cash dividends0.14 0.14 0.14 $0.14 $0.14 Common dividend payout ratio (2)30 %32 %38 %35 %32 %Book value$19.11 $19.20 $18.28 $18.24 $18.18 Stock price21.71 18.66 17.19 17.41 16.89 Tangible common book value (3)11.91