Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 225

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 225
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92 57.73 Net charge-offs (recoveries) to average loans0.24 0.15 Allowance for credit losses on loans to ending loans1.18 1.01 Allowance for credit losses (4) to ending loans1.24 1.08 Non-performing loans to ending loans1.24 0.94 Balance Sheet:Total loans$47,902,819 $36,150,513 Total assets70,979,805 53,119,645 Total deposits54,357,683 39,999,228 Total borrowed funds7,346,098 6,085,204 Total shareholders’ equity8,126,387 6,075,072 Capital Ratios:Risk-based capital ratios:Tier 1 common equity10.74 %10.73 %Tier 111.20 11.33 Total12.59 12.71 Leverage ratio (to average assets)9.26 8.90 Total equity to assets (averages)11.66 11.31 Tangible common equity to tangible assets (3)7.26 6.94 Nonfinancial Data:Full-time equivalent employees5,313 4,267 Banking centers351 280 

(1)Calculated using the federal statutory tax rate in effect of 21% for all periods.

(2)Cash dividends per common share divided by net income per common share (basic).

(3)Represents a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures” section for reconciliations to GAAP financial measures.

(4)Includes the allowance for credit losses on loans and unfunded loan commitments.

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NON-GAAP FINANCIAL MEASURES

The Company’s accounting and reporting policies conform to GAAP and general practices within the banking industry. As a supplement to GAAP, the Company provides non-GAAP performance results, which the Company believes are useful because they assist users of the financial information in assessing the Company’s operating performance. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the following table. 

The Company presents net income per common share and net income applicable to common shares, adjusted for certain notable items. These items include CECL Day 1 non-PCD provision expense, merger-related charges associated with completed