Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 105

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 105
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 to credit risk associated with renewals. At September 30, 2025, the Company held $869.4 million of non-owner-occupied commercial real estate loans, or 2% of total loans, that mature within 18 months with an interest rate below 4%.

Residential Real Estate Loans

At September 30, 2025, residential real estate loans held in our loan portfolio were $8.2 billion, an increase of $1.4 billion compared to December 31, 2024 driven primarily by the acquisition of Bremer. Changes in interest rates may impact the number of refinancings and new originations of residential real estate loans. If interest rates decrease in the future, there may be an increase in refinancings and new originations of residential real estate loans. Conversely, future increases in interest rates may result in a decline in the level of refinancings and new originations of residential real estate loans.

Consumer Loans

Consumer loans, including automobile loans, personal, and home equity loans and lines of credit, increased $295.4 million to $3.2 billion at September 30, 2025 compared to December 31, 2024 driven primarily by the acquisition of Bremer.

Goodwill and Other Intangible Assets

Goodwill and other intangible assets at September 30, 2025 totaled $2.9 billion, an increase of $630.9 million compared to December 31, 2024 as a result of goodwill and other intangible assets recorded with the acquisition of Bremer.

Other Assets

Other assets at September 30, 2025 increased $671.2 million compared to December 31, 2024 reflecting Bremer other assets acquired and higher investments in partnerships, limited liability companies, and other ownership interests that support affordable housing.

Funding

The following table summarizes Old National’s total funding, comprised of deposits and wholesale borrowings:

(dollars in thousands)September 30,2025December 31, 2024$ Change% ChangeDeposits:Noninterest-bearing demand$12,691,658 $9,399,019 $3,292,639 35.0 %Interest-bearing:Checking and NOW11,162,121 8,040,331 3,121,790 38.8 %Savings4,958,555 4,753,279 205,276 4.3 %Money market17,032,446 11,