Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 252

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 252
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 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 $255.6 million to $3.1 billion at June 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 June 30, 2025 totaled $2.9 billion, an increase of $648.3 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 June 30, 2025 increased $793.9 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)June 30,2025December 31, 2024$ Change% ChangeDeposits:Noninterest-bearing demand$12,652,556 $9,399,019 $3,253,537 34.6 %Interest-bearing:Checking and NOW10,554,889 8,040,331 2,514,558 31.3 %Savings5,058,819 4,753,279 305,540 6.4 %Money market16,880,190 11,875,192 5,004,998 42.1 %Time deposits9,211,229 6,755,739 2,455,490 36.3 %Total deposits54,357,683 40,823,560 13,534,123 33.2 %Wholesale borrowings:Federal funds purchased and interbank borrowings