OLD NATIONAL BANCORP IN

For the period ended Sep 30, 2024. Filed Oct 30, 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.

Sep 30, 2024 · Filed Oct 30, 2024

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

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

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Contents

Consolidated Statements of Income (unaudited)

	Three Months EndedSeptember 30,		Nine Months EndedSeptember 30,
(dollars and shares in thousands, except per share data)	2024	2023	2024	2023
Interest Income
Loans including fees:
Taxable	$561,428	$474,387	$1,594,411	$1,334,658
Nontaxable	12,703	11,181	39,048	32,318
Investment securities:
Taxable	83,567	66,924	241,349	191,797
Nontaxable	10,531	10,833	31,769	33,039
Money market and other interest-earning investments	11,696	13,194	32,992	25,258
Total interest income	679,925	576,519	1,939,569	1,617,070
Interest Expense
Deposits	229,727	147,428	630,972	310,995
Federal funds purchased and interbank borrowings	292	910	3,239	11,404
Securities sold under agreements to repurchase	612	710	2,168	2,389
Federal Home Loan Bank advances	47,719	40,382	133,529	123,466
Other borrowings	9,851	12,003	33,058	30,071
Total interest expense	288,201	201,433	802,966	478,325
Net interest income	391,724	375,086	1,136,603	1,138,745
Provision for credit losses	28,497	19,068	83,602	47,292
Net interest income after provision for credit losses	363,227	356,018	1,053,001	1,091,453
Noninterest Income
Wealth and investment services fees	29,117	26,687	86,779	80,128
Service charges on deposit accounts	20,350	18,524	57,598	53,278
Debit card and ATM fees	11,362	10,818	32,409	31,453
Mortgage banking revenue	7,669	5,063	19,211	12,628
Capital markets income	7,426	5,891	15,055	19,003
Company-owned life insurance	5,315	3,740	14,488	11,624
Debt securities gains (losses), net	(76)	(241)	(90)	(5,440)
Other income	12,975	10,456	33,481	30,574
Total noninterest income	94,138	80,938	258,931	233,248
Noninterest Expense
Salaries and employee benefits	147,494	131,541	456,490	404,715
Occupancy	27,130	25,795	80,696	80,162
Equipment	9,888	8,284	27,263	23,394
Marketing	11,036	9,448	32,954	28,698
Technology	23,343	20,592	67,368	59,850
Communication	4,681	4,075	13,161	12,768
Professional fees	7,278	5,956	24,236	19,085
FDIC assessment	11,722	9,000	32,711	29,028
Amortization of intangibles	7,411	6,040	20,291	18,286
Amortization of tax credit investments	3,277	2,644	8,773	8,167
Other expense	19,023	21,401	53,656	57,918
Total noninterest expense	272,283	244,776	817,599	742,071
Income before income taxes	185,082	192,180	494,333	582,630
Income tax expense	41,280	44,304	109,018	133,118
Net income	143,802	147,876	385,315	449,512
Preferred dividends	(4,034)	(4,034)	(12,101)	(12,101)
Net income applicable to common shareholders	$139,768	$143,842	$373,214	$437,411
Net income per common share - basic	$0.44	$0.49	$1.21	$1.50
Net income per common share - diluted	0.44	0.49	1.21	1.50
Weighted average number of common shares outstanding - basic	315,622	290,648	307,426	290,763
Weighted average number of common shares outstanding - diluted	317,331	291,717	308,605	291,809
Dividends per common share	$0.14	$0.14	$0.42	$0.42

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.