Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 233

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 233
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 equity securities— — 44,038 Purchase of equity securities(7,244)(17,773)— Purchases of investment securities— — (9,000)Purchases of premises and equipment(76)(8)— Net cash flows provided by (used in) investing activities(7,320)(17,781)608,137 Cash Flows From Financing ActivitiesPayments for maturities/redemptions of other borrowings(174,987)— — Cash dividends paid(191,163)(180,030)(177,623)Common stock repurchased(8,884)(44,308)(71,182)Common stock issued1,034 1,076 809 Net cash flows provided by (used in) financing activities(374,000)(223,262)(247,996)Net increase (decrease) in cash and cash equivalents14,885 (134,665)316,006 Cash and cash equivalents at beginning of period284,294 418,959 102,953 Cash and cash equivalents at end of period$299,179 $284,294 $418,959 

NOTE 23 – SEGMENT INFORMATION

Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) in assessing performance and in deciding how to allocate resources. Old National’s CODM is the Chairman and CEO of the Company. Through our wholly owned banking subsidiary and non-bank affiliates, we provide a wide range of services primarily throughout the Midwest and Southeast regions of the United States and elsewhere, including commercial and consumer loan and depository services, private banking, capital markets, brokerage, wealth management, trust, investment advisory, and other traditional banking services. The Company’s business activities are predominantly similar in their nature, operations, and economic characteristics, largely serving commercial and specialty banking clients with products and services that are offered through overall similar processes and platforms. The accounting policies for the services discussed here are the same as those described in Note 1 Basis of Presentation and Significant Accounting Policies. We earn interest income on loans as well as fee income from the origination of loans and from fees charged on deposit accounts. Lending activities include loans to individuals, which primarily consist of home equity lines of credit, residential real estate loans, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. Res