Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 80

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 80
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76 CECL Day 1 non-PCD provision expense— 75,604 — — — Pension plan gain— (21,001)— — — Separation expense— — — — 2,646 Less: tax effect on net total adjustments (2)(16,492)(26,372)(1,103)(2,089)(2,134)Net income applicable to common shares, adjusted (1)$231,308 $190,853 $145,454 $155,989 $147,216 Weighted average diluted common shares outstanding390,496 361,436 321,016 318,803 317,331 Net income per common share, diluted$0.46 $0.34 $0.44 $0.47 $0.44 Adjusted net income per common share, diluted (1)$0.59 $0.53 $0.45 $0.49 $0.46 Tangible common book value:Shareholders’ common equity$8,065,552 $7,882,668 $6,290,935 $6,096,631 $6,123,579 Deduct:  Goodwill and intangible assets2,926,960 2,944,372 2,289,268 2,296,098 2,305,084 Tangible shareholders’ common equity (1)$5,138,592 $4,938,296 $4,001,667 $3,800,533 $3,818,495 Period end common shares390,768 391,818 319,236 318,980 318,955 Tangible common book value (1)$13.15 $12.60 $12.54 $11.91 $11.97 Return on average tangible common equity:Net income applicable to common shares$178,533 $121,375 $140,625 $149,839 $139,768 Add:  Intangible amortization (net of tax) (2)19,638 14,722 5,122 5,428 5,558 Tangible net income (1)$198,171 $136,097 $145,747 $155,267 $145,326 Average shareholders’ common equity$