Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 65

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 65
---
 statements, estimates, or beliefs will be realized and actual results or outcomes may differ from those contemplated in these forward-looking statements. Old National does not undertake an obligation to update these forward-looking statements to reflect events or conditions after the date of this report. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC.

48

Investors should consider these risks, uncertainties, and other factors in addition to the factors under the heading “Risk Factors” included in Item 1A of Part I of Old National’s 2024 Form 10-K and our other filings with the SEC.

FINANCIAL HIGHLIGHTS

The following table sets forth certain financial highlights of Old National for the previous five quarters:

Three Months Ended(dollars and shares in thousands,except per share data)March 31,December 31,September 30,June 30,March 31,20252024202420242024Income Statement:Net interest income$387,643 $394,180 $391,724 $388,421 $356,458 Taxable equivalent adjustment (1) (3)5,360 5,777 6,144 6,340 6,253 Net interest income - taxable equivalent basis (3)393,003 399,957 397,868 394,761 362,711 Provision for credit losses31,403 27,017 28,497 36,214 18,891 Noninterest income93,794 95,766 94,138 87,271 77,522 Noninterest expense268,471 276,824 272,283 282,999 262,317 Net income available to common shareholders140,625 149,839 139,768 117,196 116,250 Per Common Share Data:Weighted average diluted common shares321,016 318,803 317,331 316,461 292,207 Net income (diluted)$0.44 $0.47 $0.44 $0.37 $0.40 Cash dividends0.14 0.14 0.14 0.14 0.14 Common dividend payout ratio (2)32 %30 %32 %38 %35 %Book value$19.71 $19.11 $19.20 $18.28 $18.24