Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 7

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 7
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31,403 18,891 Net interest income after provision for credit losses356,240 337,567 Noninterest IncomeWealth and investment services fees29,648 28,304 Service charges on deposit accounts21,156 17,898 Debit card and ATM fees9,991 10,054 Mortgage banking revenue6,879 4,478 Capital markets income4,506 2,900 Company-owned life insurance5,381 3,434 Debt securities gains (losses), net(76)(16)Other income16,309 10,470 Total noninterest income93,794 77,522 Noninterest ExpenseSalaries and employee benefits148,305 149,803 Occupancy29,053 27,019 Equipment8,901 8,671 Marketing11,940 10,634 Technology22,020 20,023 Communication4,134 4,000 Professional fees7,919 6,406 FDIC assessment9,700 11,313 Amortization of intangibles6,830 5,455 Amortization of tax credit investments3,424 2,749 Other expense16,245 16,244 Total noninterest expense268,471 262,317 Income before income taxes181,563 152,772 Income tax expense36,904 32,488 Net income 144,659 120,284 Preferred dividends(4,034)(4,034)Net income applicable to common shareholders$140,625 $116,250 Net income per common share - basic$0.45 $0.40 Net income per common share - diluted0.44 0.40 Weighted average number of common shares outstanding - basic315,925 290,980 Weighted average number of common shares outstanding - diluted321,016 292,207 Dividends per common share$0.14 $0.14 

The accompanying notes to consolidated financial statements are an integral part of these statements.

5

OLD NATIONAL BANCORP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited)Three Months EndedMarch 31,(dollars in thousands)20252024Net income$144,659 $120,284 Other comprehensive income (loss):Change in debt securities available-for-sale:Unrealized holding gains