Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 88

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 88
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Wholesale funding as a percentage of total funding was 12% at both March 31, 2025 and December 31, 2024.

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities at March 31, 2025 decreased $115.2 million compared to December 31, 2024 primarily due to incentive payments during the three months ended March 31, 2025 and lower derivative liabilities.

Capital 

Shareholders’ equity totaled $6.5 billion at March 31, 2025 and $6.3 billion at December 31, 2024. Retained earnings and changes in unrealized losses on available-for-sale investment securities were partially offset by dividends during the three months ended March 31, 2025.

61

Capital Adequacy

Old National and the banking industry are subject to various regulatory capital requirements administered by the federal banking agencies. At March 31, 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"GuidelinesMarch 31,2025December 31, 2024Tier 1 capital to total average assets (leverage   ratio)4.00 %N/A%9.44 %9.21 %Common equity Tier 1 capital to risk-weighted   total assets7.00 N/A11.62 11.38 Tier 1 capital to risk-weighted total assets8.50 6.00 12.23 11.98 Total capital to risk-weighted total assets10.50 10.00 13.68 13.37 Shareholders’ equity to assetsN/AN/A12.13 11.84 

Old National Bank, Old National’s bank subsidiary, maintained a strong capital position as evidenced by the following key industry ratios.

RegulatoryGuidelinesMinimumPromptCorrectiveAction "WellCapitalized"GuidelinesMarch 31,2025December 31, 2024Tier 1 capital to total average assets (leverage   ratio)4.00 %5.00 %9.28 %9.07 %Common equity Tier 1 capital to risk-weighted   total assets