Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 162

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 162
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 | ​ | 354,925 | ​ | ​ |
| Income before taxes                                   | ​ | ​ | ​    | ​ | 156,416 | ​ | ​ | ​ | ​    | ​ | 248,092 | ​ | ​ |
| Applicable income taxes                               | ​ | ​ | ​    | ​ |  32,408 | ​ | ​ | ​ | ​    | ​ |  49,632 | ​ | ​ |
| Net income                                            | ​ | ​ | ​    | $ | 124,008 | ​ | ​ | ​ | ​    | $ | 198,460 | ​ | ​ |

See Notes to Consolidated Financial Statements F-6

TABLE OF CONTENTS

Bremer Financial Corporation Consolidated Statement of Comprehensive Income

| Year Ended December 31 (Dollars in Thousands)                              | ​ | ​ | 2023 |   |         |   | ​ | ​ | 2022 |   |          |   | ​ |
|:---------------------------------------------------------------------------|:--|:--|:-----|:--|--------:|:--|:--|:--|:-----|:--|---------:|:--|:--|
| Net income                                                                 | ​ | ​ | ​    | $ | 124,008 | ​ | ​ | ​ | ​    | $ |  198,460 | ​ | ​ |
| Reclassifications of realized losses (gains) to earnings, net of tax       | ​ | ​ | ​    | ​ |       ​ | ​ | ​ | ​ | ​    | ​ |        ​ | ​ | ​ |
| Realized losses (gains) on available-for-sale securities                   | ​ | ​ | ​    | ​ |   1,882 | ​ | ​ | ​ | ​    | ​ |      -98 | ​ | ​ |
| Other employee benefit plan amortization                                   | ​ | ​ | ​    | ​ |   7,447 | ​ | ​ | ​ | ​    | ​ |      821 | ​ | ​ |
| Other comprehensive income (loss), net of tax                              | ​ | ​ | ​    | ​ |       ​ | ​ | ​ | ​ | ​    | ​ |        ​ | ​ | ​ |
| Unrealized gains (losses) on available-for-sale securities                 | ​ | ​ | ​    | ​ |  18,915 | ​ | ​ | ​ | ​    |