Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 162

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 162
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5202420252024Operating lease costOccupancy/Equipment expense$9,510 $8,258 $26,669 $24,352 Finance lease cost: Amortization of right-of-use assetsOccupancy expense2,297 2,188 6,843 4,427 Interest on lease liabilitiesInterest expense219 318 660 752 Sub-lease incomeOccupancy expense(73)(110)(262)(358)Total $11,953 $10,654 $33,910 $29,173 Supplemental balance sheet information related to leases was as follows:(dollars in thousands)September 30,2025December 31, 2024Operating Leases Operating lease right-of-use assets$215,262 $181,920 Operating lease liabilities233,080 200,068 Finance LeasesPremises and equipment, net23,640 23,205 Other borrowings25,410 24,822 Weighted-Average Remaining Lease Term (in Years)Operating leases8.87.8Finance leases7.37.8Weighted-Average Discount RateOperating leases3.71 %3.14 %Finance leases4.04 %3.96 %Supplemental cash flow information related to leases was as follows:Nine Months EndedSeptember 30,(dollars in thousands)20252024Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases$27,825 $24,849 Operating cash flows from finance leases660 752 Financing cash flows from finance leases6,690 4,061 

32

The following table presents a maturity analysis of the Company’s lease liability by lease classification at September 30, 2025:(dollars in thousands)OperatingLeasesFinanceLeases2025$9,947 $2,459 202639,482 8,662 202737,966 2,656 202834,016 2,339 202931,409 1,498 Thereafter123,256 11,980 Total undiscounted lease payments276,076 29,594 Amounts representing interest(42,996)(4,184)Lease liability$233,080 $25,410 

NOTE 8 – GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying amount of goodwill:Three Months