Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 96

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 96
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 generate revenues in the form of noninterest income through client fees, sales commissions, and gains and losses from our core banking franchise and other related businesses, such as wealth management, investment consulting, and investment products. The following table details the components in noninterest income:

Three Months EndedSeptember 30,%Nine Months EndedSeptember 30,%(dollars in thousands)20252024Change20252024ChangeWealth and investment services fees$39,684 $29,117 36.3 %$105,149 $86,779 21.2 %Service charges on deposit accounts27,856 20,350 36.9 72,890 57,598 26.5 Debit card and ATM fees13,197 11,362 16.2 36,110 32,409 11.4 Mortgage banking revenue10,442 7,669 36.2 27,353 19,211 42.4 Capital markets income12,629 7,426 70.1 24,249 15,055 61.1 Company-owned life insurance7,565 5,315 42.3 19,571 14,488 35.1 Debt securities gains (losses), net7 (76)(109.2)(110)(90)22.2 Other income19,081 12,975 47.1 71,560 33,481 113.7 Total noninterest income$130,461 $94,138 38.6 %$356,772 $258,931 37.8 %

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Noninterest income increased $36.3 million for the three months ended September 30, 2025 compared to the same period in 2024 driven by the acquisition of Bremer and organic growth of fee-based businesses.

Noninterest income for the nine months ended September 30, 2025 included a $21.0 million gain in other income associated with the freezing of benefits of the Bremer pension plan. Excluding this gain, noninterest income increased to $335.8 million for the nine months ended September 30, 2025 compared to the same period in 2024 driven by the acquisition of Bremer, the CapStar acquisition in April 2024, organic growth of fee-based businesses, and higher other income. 

Mortgage banking revenue increased $2.8 million and