Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 163

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 163
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 EndedSeptember 30,Nine Months EndedSeptember 30,(dollars in thousands)2025202420252024Balance at beginning of period$2,409,886 $2,170,709 $2,175,251 $1,998,716 Acquisitions and adjustments8,772 6,290 243,407 178,283 Balance at end of period$2,418,658 $2,176,999 $2,418,658 $2,176,999 During the nine months ended September 30, 2025, Old National recorded $243.4 million of goodwill associated with the acquisition of Bremer. The increase in goodwill for the three months ended September 30, 2025 resulted from the measurement period adjustments related to updating the fair values of the assets acquired and liabilities assumed in the acquisition of Bremer. During the nine months ended September 30, 2024, Old National recorded $178.3 million of goodwill associated with the acquisition of CapStar. The increase in goodwill for the three months ended September 30, 2024 resulted from the measurement period adjustments related to updating the fair values of the assets acquired and liabilities assumed in the acquisition of CapStar. See Note 3 to the consolidated financial statements for additional detail regarding these transactions.Old National performed the required annual goodwill impairment test as of August 31, 2025 and there was no impairment. No events or circumstances since the August 31, 2025 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 ImpairmentNetCarryingAmountSeptember 30, 2025   Core deposit$586,735 $(142,796)$443,939 Customer relationship93,892 (29,529)64,363 Total other intangible assets$680,627 $(172,325)$508,302 December 31, 2024Core deposit$189,636 $(95,950)$93,686 Customer relationship50,892 (23,731)27,161 Total other intangible assets$240,528 $(119,681)$120,847 

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Other intangible assets consist of core deposit intangibles and customer relationship intangibles and are being