OLD NATIONAL BANCORP IN

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

ONB$25.26-0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income (unaudited)

	Three Months EndedJune 30,		Six Months EndedJune 30,
(dollars and shares in thousands, except per share data)	2024	2023	2024	2023
Interest Income
Loans including fees:
Taxable	$545,622	$449,896	$1,032,983	$860,271
Nontaxable	13,243	10,925	26,345	21,137
Investment securities:
Taxable	82,755	64,072	157,782	124,873
Nontaxable	10,732	11,043	21,238	22,206
Money market and other interest-earning investments	11,311	8,966	21,296	12,064
Total interest income	663,663	544,902	1,259,644	1,040,551
Interest Expense
Deposits	215,806	100,974	401,245	163,567
Federal funds purchased and interbank borrowings	1,986	5,655	2,947	10,494
Securities sold under agreements to repurchase	639	900	1,556	1,679
Federal Home Loan Bank advances	44,643	45,088	85,810	83,084
Other borrowings	12,168	10,114	23,207	18,068
Total interest expense	275,242	162,731	514,765	276,892
Net interest income	388,421	382,171	744,879	763,659
Provision for credit losses	36,214	14,787	55,105	28,224
Net interest income after provision for credit losses	352,207	367,384	689,774	735,435
Noninterest Income
Wealth and investment services fees	29,358	26,521	57,662	53,441
Service charges on deposit accounts	19,350	17,751	37,248	34,754
Debit card and ATM fees	10,993	10,653	21,047	20,635
Mortgage banking revenue	7,064	4,165	11,542	7,565
Capital markets income	4,729	6,173	7,629	13,112
Company-owned life insurance	5,739	4,698	9,173	7,884
Debt securities gains (losses), net	2	17	(14)	(5,199)
Other income	10,036	11,651	20,506	20,118
Total noninterest income	87,271	81,629	164,793	152,310
Noninterest Expense
Salaries and employee benefits	159,193	135,810	308,996	273,174
Occupancy	26,547	26,085	53,566	54,367
Equipment	8,704	7,721	17,375	15,110
Marketing	11,284	9,833	21,918	19,250
Technology	24,002	20,056	44,025	39,258
Communication	4,480	4,232	8,480	8,693
Professional fees	10,552	6,397	16,958	13,129
FDIC assessment	9,676	9,624	20,989	20,028
Amortization of intangibles	7,425	6,060	12,880	12,246
Amortization of tax credit investments	2,747	2,762	5,496	5,523
Other expense	18,389	18,004	34,633	36,517
Total noninterest expense	282,999	246,584	545,316	497,295
Income before income taxes	156,479	202,429	309,251	390,450
Income tax expense	35,250	47,393	67,738	88,814
Net income	121,229	155,036	241,513	301,636
Preferred dividends	(4,033)	(4,033)	(8,067)	(8,067)
Net income applicable to common shareholders	$117,196	$151,003	$233,446	$293,569
Net income per common share - basic	$0.37	$0.52	$0.77	$1.01
Net income per common share - diluted	0.37	0.52	0.77	1.01
Weighted average number of common shares outstanding - basic	315,585	290,559	303,283	290,822
Weighted average number of common shares outstanding - diluted	316,461	291,266	304,207	291,870
Dividends per common share	$0.14	$0.14	$0.28	$0.28

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.