OLD NATIONAL BANCORP IN

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

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

	Years Ended December 31,
(dollars and shares in thousands, except per share data)	2024	2023	2022
Interest Income
Loans including fees:
Taxable	$2,139,437	$1,815,390	$1,177,816
Nontaxable	50,517	44,687	25,931
Investment securities:
Taxable	323,703	263,210	204,004
Nontaxable	42,159	43,851	43,637
Money market and other interest-earning investments	45,835	39,683	2,814
Total interest income	2,601,651	2,206,821	1,454,202
Interest Expense
Deposits	846,262	484,360	49,093
Federal funds purchased and interbank borrowings	3,262	11,412	5,021
Securities sold under agreements to repurchase	2,752	3,299	843
Federal Home Loan Bank advances	177,317	161,860	51,524
Other borrowings	41,275	42,737	19,785
Total interest expense	1,070,868	703,668	126,266
Net interest income	1,530,783	1,503,153	1,327,936
Provision for credit losses	110,619	58,887	144,799
Net interest income after provision for credit losses	1,420,164	1,444,266	1,183,137
Noninterest Income
Wealth and investment services fees	116,791	107,784	100,851
Service charges on deposit accounts	78,175	71,945	72,501
Debit card and ATM fees	43,400	42,153	40,227
Mortgage banking revenue	26,237	16,319	23,015
Capital markets income	20,299	24,419	25,986
Company-owned life insurance	20,987	15,397	14,564
Debt securities gains (losses), net	(212)	(6,265)	(88)
Gain on sale of Visa Class B restricted shares	—	21,635	—
Gain on sale of health savings accounts	—	—	90,673
Other income	49,020	39,955	32,050
Total noninterest income	354,697	333,342	399,779
Noninterest Expense
Salaries and employee benefits	603,095	546,364	575,626
Occupancy	110,429	106,676	100,421
Equipment	36,588	32,163	27,637
Marketing	45,607	39,511	32,264
Technology	88,797	80,343	84,865
Communication	17,337	16,980	18,846
Professional fees	35,291	27,335	39,046
FDIC assessment	44,681	56,730	19,332
Amortization of intangibles	27,528	24,155	25,857
Amortization of tax credit investments	13,329	15,367	10,961
Property optimization	—	1,559	26,818
Other expense	71,741	79,123	76,510
Total noninterest expense	1,094,423	1,026,306	1,038,183
Income before income taxes	680,438	751,302	544,733
Income tax expense	141,250	169,310	116,446
Net income	539,188	581,992	428,287
Preferred dividends	(16,135)	(16,135)	(14,118)
Net income applicable to common shareholders	$523,053	$565,857	$414,169
Net income per common share - basic	$1.69	$1.95	$1.51
Net income per common share - diluted	1.68	1.94	1.50
Weighted average number of common shares outstanding - basic	309,499	290,748	275,179
Weighted average number of common shares outstanding - diluted	311,001	291,855	276,688
Dividends per common share	$0.56	$0.56	$0.56

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.