Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 96

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 96
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 665,070 746,785 828,459 Total interest   expense959,339 1,310,665 1,690,594 1,749,371 2,061,989 2,448,837 2,848,741 3,243,938 Net interest   income$2,908,187 $2,949,419 $2,995,240 $3,052,687 $3,044,295 $3,076,958 $3,094,969 $3,116,541 Change from base$(136,108)$(94,876)$(49,055)$8,392 $32,663 $50,674 $72,246 % change from base(4.47)%(3.12)%(1.61)%0.28 %1.07 %1.66 %2.37 %

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The following table illustrates the upper bound, Federal Funds Rate assumed in the simulation above at March 31, 2025 and 2024:

March 31, 2025March 31, 2024Basis Point Change ScenarioFederal FundsRate (1)Month 12 (2)Federal FundsRate (1)Month 12 (2)+3004.5 %7.5 %5.5 %8.5 %+2004.5 %6.5 %5.5 %7.5 %+1004.5 %5.5 %5.5 %6.5 %Base4.5 %4.5 %5.5 %5.5 %-1004.5 %3.5 %5.5 %4.5 %-2004.5 %2.5 %5.5 %3.5 %-3004.5 %1.5 %5.5 %2.5 %

(1)Represents the upper bound, Federal Funds Rate.

(2)Represents the Federal Funds Rate in month 12 given a gradual, parallel “ramp” relative to the base implied forward scenario.

Our projected net interest income increased year over year driven by loan growth and asset repricing due to current interest rates and economic conditions. Our overall strategy is consistent period over period, as we continue to manage our balance sheet toward a