Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 9

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 9
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   compensation plans— 1,092 (1,373)(156)— (437)Balance, March 31, 2024$230,500 $293,330 $4,157,542 $1,693,664 $(779,628)$5,595,408 December 31, 2024$230,500 $318,980 $4,570,865 $1,966,048 $(746,043)$6,340,350 Net income— — — 144,659 — 144,659 Other comprehensive income (loss)— — — — 97,534 97,534 Cash dividends:Common ($0.14 per share)— — — (44,653)— (44,653)Preferred ($17.50 per share)— — — (4,034)— (4,034)Common stock issued— 12 238 — — 250 Common stock repurchased— (611)(12,927)— — (13,538)Share-based compensation expense— — 14,411 — — 14,411 Stock activity under incentive   compensation plans— 855 (481)(699)— (325)Balance, March 31, 2025$230,500 $319,236 $4,572,106 $2,061,321 $(648,509)$6,534,654 

The accompanying notes to consolidated financial statements are an integral part of these statements.

7

OLD NATIONAL BANCORP

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)Three Months EndedMarch 31,(dollars in thousands)20252024Cash Flows From Operating Activities  Net income$144,659 $120,284 Adjustments to reconcile net income to cash provided by operating activities:Depreciation9,547 9,678 Amortization of other intangible assets6,830 5,455 Amortization of tax credit investments3,424 2,749 Net premium amortization on investment securities2,633 1,133 Accretion income related to acquired loans(10,996)(3,612)Share-based compensation expense14,411 5,491 Provision for credit losses31,403 18,891 Debt securities (