Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 47

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 47
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,228 — 8,442 93,670 Amounts reclassified from AOCI to income (1)56 2,921 887 3,864 Balance at end of period$(582,779)$(79,373)$13,643 $(648,509)Three Months Ended March 31, 2024Balance at beginning of period$(652,518)$(95,472)$9,181 $(738,809)Other comprehensive income (loss) before reclassifications(33,463)— (14,205)(47,668)Amounts reclassified from AOCI to income (1)12 3,221 3,616 6,849 Balance at end of period$(685,969)$(92,251)$(1,408)$(779,628)(1)See table below for details about reclassifications to income.The following table summarizes the amounts reclassified out of each component of AOCI for the three months ended March 31, 2025 and 2024: Three Months EndedMarch 31, (dollars in thousands)20252024 Details about AOCI ComponentsAmount Reclassifiedfrom AOCIAffected Line Item in theStatement of IncomeUnrealized gains and losses on   available-for-sale securities$(76)$(16)Debt securities gains (losses), net 20 4 Income tax (expense) benefit $(56)$(12)Net incomeAmortization of unrecognized losses on   held-to-maturity securities transferred   from available-for-sale$(3,915)$(4,318)Interest income (expense) 994 1,097 Income tax (expense) benefit $(2,921)$(3,221)Net incomeGains and losses on hedges   Interest rate contracts$(1,196)$(4,877)Interest income (expense) 309 1,261 Income tax (expense) benefit $(887)$(3,616)Net incomeTotal reclassifications for the period$(3,864)$(6,849)Net income

34

NOTE 14 – INCOME TAXES

The following is a summary of the major items comprising the differences in taxes from continuing operations computed at the federal statutory rate and as recorded in the consolidated statements of income:Three Months EndedMarch 31,(dollars in thousands)20252024Provision at statutory rate of 21%$38,128 $32,082