Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 133

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 133
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: Operating cash flows from operating leases$8,645 $8,005 Operating cash flows from finance leases229 181 Financing cash flows from finance leases2,213 655 

28

The following table presents a maturity analysis of the Company’s lease liability by lease classification at March 31, 2025:(dollars in thousands)OperatingLeasesFinanceLeases2025$25,902 $6,796 202634,128 2,619 202732,398 2,656 202828,384 2,339 202926,073 1,498 Thereafter73,146 11,979 Total undiscounted lease payments220,031 27,887 Amounts representing interest(25,502)(4,447)Lease liability$194,529 $23,440 

NOTE 8 – GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying amount of goodwill:Three Months EndedMarch 31,(dollars in thousands)20252024Balance at beginning of period$2,175,251 $1,998,716 Acquisitions and adjustments— — Balance at end of period$2,175,251 $1,998,716 Old National performed the required annual goodwill impairment test as of August 31, 2024 and there was no impairment. No events or circumstances since the August 31, 2024 annual impairment test were noted that would indicate it was more likely than not a goodwill impairment exists.The gross carrying amounts and accumulated amortization of other intangible assets were as follows: (dollars in thousands)GrossCarryingAmountAccumulatedAmortizationand ImpairmentNetCarryingAmountMarch 31, 2025   Core deposit$189,636 $(101,756)$87,880 Customer trust relationships50,892 (24,755)26,137 Total other intangible assets$240,528 $(126,511)$114,017 December 31, 2024Core deposit$189,636 $(95,950)$93,686 Customer trust relationships50,892 (23,731)27,161 Total other intangible assets$240,528 $(119,681)$120,847 Other intangible assets consist of core deposit intangibles and customer relationship intangibles and are being amortized primarily on an accelerated