Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 171

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 171
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expense) benefit $5 $(57)Net incomeAmortization of unrecognized losses on   held-to-maturity securities transferred   from available-for-sale$(4,040)$(4,740)Interest income (expense) 1,026 1,203 Income tax (expense) benefit $(3,014)$(3,537)Net incomeGains and losses on hedges   Interest rate contracts$(3,275)$(4,936)Interest income (expense) 847 1,276 Income tax (expense) benefit $(2,428)$(3,660)Net incomeTotal reclassifications for the period$(5,437)$(7,254)Net incomeThe following table summarizes the amounts reclassified out of each component of AOCI for the nine months ended September 30, 2025 and 2024: Nine Months EndedSeptember 30, (dollars in thousands)20252024 Details about AOCI ComponentsAmount Reclassifiedfrom AOCIAffected Line Item in theStatement of IncomeUnrealized gains and losses on   available-for-sale securities$(110)$(90)Debt securities gains (losses), net 28 23 Income tax (expense) benefit $(82)$(67)Net incomeAmortization of unrecognized losses on   held-to-maturity securities transferred   from available-for-sale$(12,024)$(13,434)Interest income (expense) 3,052 3,411 Income tax (expense) benefit $(8,972)$(10,023)Net incomeGains and losses on hedges   Interest rate contracts$(7,004)$(14,560)Interest income (expense) 1,811 3,765 Income tax (expense) benefit $(5,193)$(10,795)Net incomeTotal reclassifications for the period$(14,247)$(20,885)Net income

40

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 EndedSeptember 30,Nine Months EndedSeptember 30,(dollars in thousands)2025202420252024Provision at statutory rate of 21%$48,846 $38,867 $119,672 $103,810 Tax-exempt income:Tax-exempt interest(6,318