Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 83

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 83
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) (see above)$4,938,296 $4,001,667 $3,800,533 $3,818,495 $3,525,149 Assets$70,979,805 $53,877,944 $53,552,272 $53,602,293 $53,119,645 Deduct:  Goodwill and intangible assets2,944,372 2,289,268 2,296,098 2,305,084 2,306,204 Tangible assets (1)$68,035,433 $51,588,676 $51,256,174 $51,297,209 $50,813,441 Tangible common equity to tangible assets (1)7.26 %7.76 %7.41 %7.44 %6.94 %

(1)Represents a non-GAAP financial measure.

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

58

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

Six Months Ended June 30,(dollars and shares in thousands, except per share data)20252024Net income per common share:Net income applicable to common shares$262,000 $233,446 Adjustments:CECL Day 1 non-PCD provision expense75,604 15,312 Merger-related charges47,062 22,348 Debt securities (gains) losses117 14 Pension plan gain(21,001)— Distribution of excess pension assets expense— 13,318 FDIC special assessment— 2,994 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’