Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 19

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 19
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 flows specific to the PCD assets will not be collected.Merger-related costs primarily associated with the CapStar acquisition totaling $2.2 million and $3.6 million, respectively, have been expensed for the three and nine months ended September 30, 2025 compared to $6.9 million and $29.2 million, respectively, for the three and nine months ended September 30, 2024. Additional merger-related and integration costs will be expensed in future periods as incurred.

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NOTE 4 – NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are calculated using the two-class method. Net income applicable to common shares is divided by the weighted-average number of common shares outstanding during the period. Adjustments to the weighted-average number of common shares outstanding are made only when such adjustments will dilute net income per common share. Net income applicable to common shares is then divided by the weighted-average number of common shares and common share equivalents during the period.The following table presents the calculation of basic and diluted net income per common share:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(dollars and shares in thousands, except per share data)2025202420252024Net income$182,567 $143,802 $452,634 $385,315 Preferred dividends(4,034)(4,034)(12,101)(12,101)Net income applicable to common shares$178,533 $139,768 $440,533 $373,214 Weighted average common shares outstanding:Weighted average common shares outstanding (basic)389,038 315,622 355,307 307,426 Effect of dilutive securities:Restricted stock1,458 1,709 1,971 1,179 Weighted average diluted shares outstanding390,496 317,331 357,278 308,605 Basic Net Income Per Common Share$0.46 $0.44 $1.24 $1.21 Diluted Net Income Per Common Share$0.46 $0.44 $1.23 $1.21 

NOTE 5 – INVESTMENT SECURITIES

The following table summarizes the amortized cost and fair value of the available-for-sale portfolio and the corresponding amounts of gross unrealized gains, unrealized losses, and basis adjustments in accumulated other comprehensive income (loss) (“A