Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 98

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 98
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 income increased $26.1 million and $32.0 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in 2024 primarily due to the $21.0 million pre-tax gain associated with the freezing of benefits of the Bremer pension plan and additional other income associated with the acquisition of Bremer. In addition, other income for the six months ended June 30, 2025 compared to the same period in 2024 was impacted by the CapStar acquisition and $4.2 million of net gains on sales of commercial loans.

Noninterest Expense

The following table details the components in noninterest expense:

Three Months EndedJune 30,%Six Months EndedJune 30,%(dollars in thousands)20252024Change20252024ChangeSalaries and employee benefits$202,112 $159,193 27.0 %$350,417 $308,996 13.4 %Occupancy 30,432 26,547 14.6 59,485 53,566 11.0 Equipment 12,566 8,704 44.4 21,467 17,375 23.6 Marketing 13,759 11,284 21.9 25,699 21,918 17.3 Technology31,452 24,002 31.0 53,472 44,025 21.5 Communication 5,014 4,480 11.9 9,148 8,480 7.9 Professional fees21,931 10,552 107.8 29,850 16,958 76.0 FDIC assessment13,409 9,676 38.6 23,109 20,989 10.1 Amortization of intangibles19,630 7,425 164.4 26,460 12,880 105.4 Amortization of tax credit investments5,815 2,747 111.7 9,239 5,496 68.1 Other expense28,646 18,389 55.8 44,891 34,633 29.6 Total noninterest expense$384,766 $282,999 36.0 %$653,237 $545,316 19.8 %

Noninterest expense included $41