Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 222

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 222
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 billion at September 30, 2025 and $6.3 billion at December 31, 2024. Old National issued 50.2 million shares of Common Stock in conjunction with the acquisition of Bremer on May 1, 2025 adding $1.0 billion in shareholders’ equity. In addition, Old National issued 21.9 million shares of Common Stock in the settlement of the forward sale agreements adding $443.2 million in shareholders’ equity. Retained earnings and changes in unrealized losses on available-for-sale investment securities also contributed to the increase in shareholders’ equity during the nine months ended September 30, 2025. These increases were partially offset by dividends and the repurchase of 1.1 million shares of Common Stock during the nine months ended September 30, 2025 under a stock repurchase plan that was approved by the Company’s Board of Directors on February 19, 2025, which reduced equity by $25.0 million. As of September 30, 2025, Old National had remaining authorization to repurchase up to $175.0 million of its outstanding Common Stock through February 28, 2026.

Capital Adequacy

Old National and the banking industry are subject to various regulatory capital requirements administered by the federal banking agencies. At September 30, 2025, Old National and its bank subsidiary exceeded the regulatory minimums and Old National Bank met the regulatory definition of “well-capitalized” based on the most recent regulatory definition.

Old National’s consolidated capital position remains strong as evidenced by the following key industry ratios. 

RegulatoryGuidelinesMinimumPromptCorrectiveAction "WellCapitalized"GuidelinesSeptember 30,2025December 31, 2024Tier 1 capital to total average assets (leverage   ratio)4.00 %N/A%8.72 %9.21 %Common equity Tier 1 capital to risk-weighted   total assets7.00 N/A11.02 11.38 Tier 1 capital to risk-weighted total assets8.50 6.00 11.49 11.98 Total capital to risk-weighted total assets10.50 10.00 12.78 13.37 Shareholders’ equity to assetsN/AN/A11.67 11.84 

Old National Bank, Old National’s bank subsidiary, maintained a strong capital position as evidenced by the following key industry ratios.

Reg