Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 161

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 161
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 financial institutions to assess their business and performance. See the previously provided tables and the following reconciliations in the “Non-GAAP Reconciliations” section for details on the calculation of these measures to the extent presented herein.

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The following table presents GAAP to non-GAAP reconciliations for the previous five quarters:

Three Months Ended(dollars and shares in thousands,except per share data)March 31,December 31,September 30,June 30,March 31,20252024202420242024Net income per common share:Net income applicable to common shares$140,625 $149,839 $139,768 $117,196 $116,250 Adjustments:Merger-related charges5,856 8,117 6,860 19,440 2,908 Debt securities (gains) losses76 122 76 (2)16 Separation expense— — 2,646 — — CECL Day 1 non-PCD provision expense— — — 15,312 — Distribution of excess pension assets expense— — — — 13,318 FDIC special assessment— — — — 2,994 Less: tax effect on net total adjustments (2)(1,103)(2,089)(2,134)(7,888)(4,695)Net income applicable to common shares, adjusted (1)$145,454 $155,989 $147,216 $144,058 $130,791 Weighted average diluted common shares outstanding321,016 318,803 317,331 316,461 292,207 Net income per common share, diluted$0.44 $0.47 $0.44 $0.37 $0.40 Adjusted net income per common share, diluted (1)$0.45 $0.49 $0.46 $0.46 $0.45 Tangible common book value:Shareholders’ common equity$6,290,935 $6,096,631 $6,123,579 $5,831,353 $5,351,689 Deduct:  Goodwill and intangible assets2,289,268 2,296,098 2,305,084 2,306,204 2,095,511 T