Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 92

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 92
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educt:  Intangible amortization expense7,237 7,411 7,425 5,455 5,869 Adjusted noninterest expense (1)$269,587 $264,872 $275,574 $256,862 $278,366 Net interest income – taxable equivalent basis (1)    (see above)$399,957 $397,868 $394,761 $362,711 $370,508 Noninterest income95,766 94,138 87,271 77,522 100,094 Deduct:  Debt securities gains (losses), net(122)(76)2 (16)(825)Adjusted total revenue (1)$495,845 $492,082 $482,030 $440,249 $471,427 Efficiency ratio (1)54.37 %53.83 %57.17 %58.34 %59.05 %Tangible common equity to tangible assets:Tangible shareholders’ equity (1) (see above)$3,800,533 $3,818,495 $3,525,149 $3,256,178 $3,218,215 Assets$53,552,272 $53,602,293 $53,119,645 $49,534,918 $49,089,836 Deduct:  Goodwill and intangible assets2,296,098 2,305,084 2,306,204 2,095,511 2,100,966 Tangible assets (1)$51,256,174 $51,297,209 $50,813,441 $47,439,407 $46,988,870 Tangible common equity to tangible assets (1)7.41 %7.44 %6.94 %6.86 %6.85 %

(1)Represents a non-GAAP financial measure.

(2)Calculated using management’s estimate of the annual fully taxable equivalent rates (federal and state).

42

The following table presents GAAP to non-GAAP reconciliations for the year-to-date periods:

Years Ended December 31,(dollars and shares in thousands, except per share data)20242023Net income per common share:Net income applicable to common shares$523,053 $565,