Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 90

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 90
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 in thousands,except per share data)December 31,September 30,June 30,March 31,December 31,20242024202420242023Net income per common share:Net income applicable to common shares$149,839 $139,768 $117,196 $116,250 $128,446 Adjustments:Merger-related charges8,117 6,860 19,440 2,908 5,529 Debt securities (gains) losses122 76 (2)16 825 Separation expense— 2,646 — — — CECL Day 1 non-PCD provision expense— — 15,312 — — Distribution of excess pension assets expense— — — 13,318 — FDIC special assessment— — — 2,994 19,052 Gain on sale of Visa Class B restricted shares— — — — (21,635)Contract termination charge— — — — 4,413 Less: tax effect on net total adjustments (2)(2,089)(2,134)(7,888)(4,695)(1,988)Net income applicable to common shares, adjusted (1)$155,989 $147,216 $144,058 $130,791 $134,642 Weighted average diluted common shares outstanding318,803 317,331 316,461 292,207 292,029 Net income per common share, diluted$0.47 $0.44 $0.37 $0.40 $0.44 Adjusted net income per common share, diluted (1)$0.49 $0.46 $0.46 $0.45 $0.46 Tangible common book value:Shareholders’ common equity$6,096,631 $6,123,579 $5,831,353 $5,351,689 $5,319,181 Deduct:  Goodwill and intangible assets2,296,098 2,305,084 2,306,204 2,095,511 2,100,966 Tangible shareholders’ common equity (1)$3,800,533 $3,818,495 $3,525,149 $3,256,178 $