Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 131

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 131
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 applicable to common shares is then divided by the weighted-average number of common shares and common share equivalents during the period.The following table presents the calculation of basic and diluted net income per common share:Three Months EndedJune 30,Six Months EndedJune 30,(dollars and shares in thousands, except per share data)2025202420252024Net income$125,408 $121,229 $270,067 $241,513 Preferred dividends(4,033)(4,033)(8,067)(8,067)Net income applicable to common shares$121,375 $117,196 $262,000 $233,446 Weighted average common shares outstanding:Weighted average common shares outstanding (basic)360,155 315,585 338,162 303,283 Effect of dilutive securities:Restricted stock1,281 876 2,088 924 Weighted average diluted shares outstanding361,436 316,461 340,250 304,207 Basic Net Income Per Common Share$0.34 $0.37 $0.78 $0.77 Diluted Net Income Per Common Share$0.34 $0.37 $0.77 $0.77 

14

NOTE 5 – INVESTMENT SECURITIES

The following table summarizes the amortized cost and fair value of the available-for-sale portfolio and the corresponding amounts of gross unrealized gains, unrealized losses, and basis adjustments in accumulated other comprehensive income (loss) (“AOCI”).(dollars in thousands)AmortizedCostUnrealizedGainsUnrealizedLossesBasisAdjustments (1)FairValueJune 30, 2025    Available-for-Sale    U.S. Treasury$318,626 $86 $(11,823)$(45,597)$261,292 U.S. government-sponsored entities and agencies1,567,522 244 (159,198)(60,789)1,347,779 Mortgage-backed securities - Agency9,204,788 40,827 (554,873)— 8,690,742 States and political subdivisions466,812 1,009 (28,517)2,576 441,880 Pooled trust preferred securities13,813 — (2,494)— 11,319 Other securities259,880 911 (8,