Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 107

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 107
---
5,411,537 1,934,561 35.7 %Total funding$61,703,781 $46,235,097 $15,468,684 33.5 %

The increase in total deposits was due to Bremer deposits assumed and organic growth. We use wholesale funding to augment deposit funding and to help maintain our desired interest rate risk position. Wholesale funding as a percentage of total funding was 12% at both June 30, 2025 and December 31, 2024.

70

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities at June 30, 2025 increased $172.8 million compared to December 31, 2024 primarily due to the Bremer acquisition and higher derivative liabilities.

Capital 

Shareholders’ equity totaled $8.1 billion at June 30, 2025 and $6.3 billion at December 31, 2024. Old National issued 50.2 million shares of Common Stock in conjunction with the acquisition of Bremer on May 1, 2025 adding $1.0 billion in shareholders’ equity. In addition, Old National issued 21.9 million shares of Common Stock in the settlement of the forward sale agreements adding $443.2 million in shareholders’ equity. Retained earnings and changes in unrealized losses on available-for-sale investment securities were partially offset by dividends during the six months ended June 30, 2025.

Capital Adequacy

Old National and the banking industry are subject to various regulatory capital requirements administered by the federal banking agencies. At June 30, 2025, Old National and its bank subsidiary exceeded the regulatory minimums and Old National Bank met the regulatory definition of “well-capitalized” based on the most recent regulatory definition.

Old National’s consolidated capital position remains strong as evidenced by the following key industry ratios. 

RegulatoryGuidelinesMinimumPromptCorrectiveAction "WellCapitalized"GuidelinesJune 30,2025December 31, 2024Tier 1 capital to total average assets (leverage   ratio)4.00 %N/A%9.26 %9.21 %Common equity Tier 1 capital to risk-weighted   total assets7.00 N/A10.74 11.38 Tier 1 capital to risk-weighted total assets8.50 6.00 11.20 11.98 Total