Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 11

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 11
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)Share-based compensation expense— — 14,411 — — 14,411 Stock activity under incentive   compensation plans— 855 (481)(699)— (325)Balance, March 31, 2025230,500 319,236 4,572,106 2,061,321 (648,509)6,534,654 Net income— — — 125,408 — 125,408 Other comprehensive income (loss)— — — — 48,901 48,901 Acquisition of Bremer Financial   Corporation— 50,183 983,079 — — 1,033,262 Cash dividends:Common ($0.14 per share)— — — (54,855)— (54,855)Preferred ($17.50 per share)— — — (4,033)— (4,033)Common stock issued:ESPP— 13 243 — — 256 Forward sale agreements— 21,905 421,331 — — 443,236 Common stock repurchased— (379)(7,578)— — (7,957)Share-based compensation expense— — 7,739 — — 7,739 Stock activity under incentive   compensation plans— 860 (736)(348)— (224)Balance, June 30, 2025$230,500 $391,818 $5,976,184 $2,127,493 $(599,608)$8,126,387 

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

7

OLD NATIONAL BANCORP

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)Six Months EndedJune 30,(dollars in thousands)20252024Cash Flows From Operating Activities  Net income$270,067 $241,513 Adjustments to reconcile net income to cash provided by operating activities:Depreciation20,356 18,947 Amortization of other intangible assets26,460 12,880 Amortization of tax credit investments9,239 5,496 Net (discount accretion) premium amortization(48,688)(9,590)Share-based compensation expense22,150 14,553