Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 78

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 78
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267 Banking centers351 280 280 280 280 

(1)Calculated using the federal statutory tax rate in effect of 21% for all periods.

(2)Cash dividends per common share divided by net income per common share (basic).

(3)Represents a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures” section for reconciliations to GAAP financial measures.

(4)Includes the allowance for credit losses on loans and unfunded loan commitments.

55

The following table sets forth certain financial highlights of Old National for the year-to-date periods:

Six Months Ended June 30,(dollars and shares in thousands, except per share data)20252024Income Statement:Net interest income$902,433 $744,879 Taxable equivalent adjustment (1) (3)12,423 12,593 Net interest income - taxable equivalent basis (3)914,856 757,472 Provision for credit losses138,238 55,105 Noninterest income226,311 164,793 Noninterest expense653,237 545,316 Net income available to common shareholders262,000 233,446 Per Common Share Data:Weighted average diluted common shares340,250 304,207 Net income (diluted)$0.77 $0.77 Cash dividends0.28 0.28 Common dividend payout ratio (2)36 %36 %Book value$20.12 $18.28 Stock price21.34 17.19 Tangible common book value (3)12.60 11.05 Performance Ratios:Return on average assets0.91 %0.95 %Return on average common equity7.83 8.45 Return on average tangible common equity (3)13.39 14.48 Net interest margin (3)3.41 3.31 Efficiency ratio (3)54.92 57.73 Net charge-offs (recoveries) to average loans0.24 0.15 Allowance for credit losses on loans to ending loans1.18 1.01 Allowance for credit losses (4) to ending loans1.24 1.08 Non-performing loans to ending loans1.24 0.94 Balance Sheet:Total loans$47,902,819 $36,150,513 Total assets