Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 199

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 199
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verage Discount RateOperating leases3.14 %3.04 %Finance leases3.96 %3.90 %Supplemental cash flow information related to leases was as follows:Years Ended December 31,(dollars in thousands)202420232022Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$33,281 $31,720 $30,340 Operating cash flows from finance leases1,039 722 415 Financing cash flows from finance leases6,206 2,533 2,475 The following table presents a maturity analysis of the Company’s lease liability by lease classification at December 31, 2024:(dollars in thousands)OperatingLeasesFinance Leases2025$34,463 $9,215 202633,770 2,579 202732,025 2,581 202827,999 2,264 202925,712 1,421 Thereafter72,906 11,030 Total undiscounted lease payments226,875 29,090 Amounts representing interest(26,807)(4,268)Lease liability$200,068 $24,822 

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NOTE 7 – GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying amount of goodwill:Years Ended December 31,(dollars in thousands)202420232022Balance at beginning of period$1,998,716 $1,998,716 $1,036,994 Acquisitions and adjustments176,535 — 961,722 Balance at end of period$2,175,251 $1,998,716 $1,998,716 During 2024, Old National recorded $176.5 million of goodwill associated with the acquisition of CapStar. During 2022, Old National recorded $961.7 million of goodwill associated with the First Midwest merger. See Note 2 to the consolidated financial statements for additional detail regarding these transactions.Old National performed the required annual goodwill impairment test as of August 31, 2024 and there was no impairment. No events or circumstances since the August 31, 2024 annual impairment test were noted that would indicate it was more likely than not a goodwill impairment exists.The gross carrying amounts and accumulated amortization of other intangible assets were as follows:(dollars in thousands)GrossCarrying