Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 40

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 40
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20252024Operating lease costOccupancy/Equipment expense$8,199 $7,826 Finance lease cost: Amortization of right-of-use assetsOccupancy expense2,270 751 Interest on lease liabilitiesInterest expense229 181 Sub-lease incomeOccupancy expense(83)(125)Total $10,615 $8,633 Supplemental balance sheet information related to leases was as follows:(dollars in thousands)March 31,2025December 31, 2024Operating Leases Operating lease right-of-use assets$176,826 $181,920 Operating lease liabilities194,529 200,068 Finance LeasesPremises and equipment, net21,766 23,205 Other borrowings23,440 24,822 Weighted-Average Remaining Lease Term (in Years)Operating leases7.77.8Finance leases8.37.8Weighted-Average Discount RateOperating leases3.15 %3.14 %Finance leases4.03 %3.96 %Supplemental cash flow information related to leases was as follows:Three Months EndedMarch 31,(dollars in thousands)20252024Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases$8,645 $8,005 Operating cash flows from finance leases229 181 Financing cash flows from finance leases2,213 655 

28

The following table presents a maturity analysis of the Company’s lease liability by lease classification at March 31, 2025:(dollars in thousands)OperatingLeasesFinanceLeases2025$25,902 $6,796 202634,128 2,619 202732,398 2,656 202828,384 2,339 202926,073 1,498 Thereafter73,146 11,979 Total undiscounted lease payments220,031 27,887 Amounts representing interest(25,502)(4,447)Lease liability$194,529 $23,440 

NOTE 8 – GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying amount of goodwill:Three Months EndedMarch 31,(dollars in thousands)20252024Balance at beginning of period$2,175,251 $1,998,716 Acquisitions and adjustments— — Balance at