Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 194

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 194
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Less: tax effect on net total adjustments (2)(27,475)(12,583)Net income applicable to common shares, adjusted (1)$336,307 $274,849 Weighted average diluted common shares outstanding340,250 304,207 Net income per common share, diluted$0.77 $0.77 Adjusted net income per common share, diluted (1)$0.99 $0.90 Tangible common book value:Shareholders’ common equity$7,882,668 $5,831,353 Deduct:  Goodwill and intangible assets2,944,372 2,306,204 Tangible shareholders’ common equity (1)$4,938,296 $3,525,149 Period end common shares391,818 318,969 Tangible common book value (1)12.60 11.05 Return on average tangible common equity:Net income applicable to common shares$262,000 $233,446 Add:  Intangible amortization (net of tax) (2)19,845 9,660 Tangible net income (1)$281,845 $243,106 Average shareholders’ common equity$6,693,442 $5,528,540 Deduct:  Average goodwill and intangible assets2,482,663 2,171,872 Average tangible shareholders’ common equity (1)$4,210,779 $3,356,668 Return on average tangible common equity (1)13.39 %14.48 %Net interest margin:Net interest income$902,433 $744,879 Taxable equivalent adjustment12,423 12,593 Net interest income - taxable equivalent basis (1)$914,856 $757,472 Average earning assets$53,599,627 $45,790,964 Net interest margin (1)3.41 %3.31 %Efficiency ratio:Noninterest expense$653,237 $545,316 Deduct:  Intangible amortization expense26,460 12,880 Adjusted noninterest expense (1)$626,777 $532,436 Net interest income - taxable equivalent basis (1)    (see above)$914,856 $757,472 Noninterest income226,311 164,793 Deduct:  Debt securities gains (