Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 87

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 87
---
.71 12.74 12.64 Leverage ratio (to average assets)9.21 9.05 8.90 8.96 8.83 Total equity to assets (averages)11.78 11.60 11.31 11.32 10.81 Tangible common equity to tangible assets (3)7.41 7.44 6.94 6.86 6.85 Nonfinancial Data:Full-time equivalent employees4,066 4,105 4,267 3,955 3,940 Banking centers280 280 280 258 258 

(1)Calculated using the federal statutory tax rate in effect of 21% for all periods.

(2)Cash dividends per common share divided by net income per common share (basic).

(3)Represents a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures” section for reconciliations to GAAP financial measures.

(4)Includes the allowance for credit losses on loans and unfunded loan commitments.

39

The following table sets forth certain financial highlights of Old National for the year-to-date periods:

Years Ended December 31,(dollars and shares in thousands, except per share data)20242023Income Statement:Net interest income$1,530,783 $1,503,153 Taxable equivalent adjustment (1) (3)24,514 23,428 Net interest income – taxable equivalent basis (3)1,555,297 1,526,581 Provision for credit losses110,619 58,887 Noninterest income354,697 333,342 Noninterest expense1,094,423 1,026,306 Net income available to common shareholders523,053 565,857 Per Common Share Data:Weighted average diluted common shares311,001 291,855 Net income (diluted)$1.68 $1.94 Cash dividends$0.56 $0.56 Common dividend payout ratio (2)33 %29 %Book value$19.11 $18.18 Stock price21.71 16.89 Tangible common book value (3)11.91 11.00 Performance Ratios:Return on average assets1.03 %1.21 %Return on average common equity9.06 11.29