Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 149

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 149
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The accompanying notes to consolidated financial statements are an integral part of these statements.

77

OLD NATIONAL BANCORP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Years Ended December 31,(dollars in thousands)202420232022Net income$539,188 $581,992 $428,287 Other comprehensive income (loss):Change in debt securities available-for-sale:Unrealized holding gains (losses) for the period(21,205)(31,355)(1,004,054)Reclassification for securities transferred to held-to-maturity— — 165,473 Reclassification adjustment for securities (gains) losses realized    in income212 6,265 88 Income tax effect5,448 14,918 199,097 Unrealized gains (losses) on available-for-sale debt securities(15,545)(10,172)(639,396)Change in securities held-to-maturity:Adjustment for securities transferred from available-for-sale— — (165,473)Amortization of unrealized losses on securities transferred    from available-for-sale17,664 21,239 16,612 Income tax effect(4,486)(4,047)36,197 Changes from securities held-to-maturity13,178 17,192 (112,664)Change in hedges:Net unrealized derivative gains (losses) on hedges(24,192)69,276 (45,132)Reclassification adjustment for (gains) losses realized in net income17,628 (15,067)2,587 Income tax effect1,697 (13,479)10,453 Changes from hedges(4,867)40,730 (32,092)Change in defined benefit pension plans:Amortization of net (gains) losses recognized in income— (182)139 Income tax effect— 45 (34)Changes from defined benefit pension plans— (137)105 Other comprehensive income (loss), net of tax(7,234)47,613 (784,047)Comprehensive income (loss)$531,954 $629,605 $(355,760)

The accompanying notes to consolidated financial statements are an integral part of these statements.

78

OLD NATIONAL BANCORP

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQU