OLD NATIONAL BANCORP /IN/
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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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.
Mar 31, 2025 · Filed Apr 30, 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 exhibitsContents
Consolidated Statements of Income (unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| (dollars and shares in thousands, except per share data) | 2025 | 2024 |
| Interest Income | ||
| Loans including fees: | ||
| Taxable | $515,766 | $487,361 |
| Nontaxable | 10,177 | 13,102 |
| Investment securities: | ||
| Taxable | 85,534 | 75,027 |
| Nontaxable | 10,107 | 10,506 |
| Money market and other interest-earning investments | 8,815 | 9,985 |
| Total interest income | 630,399 | 595,981 |
| Interest Expense | ||
| Deposits | 190,495 | 185,439 |
| Federal funds purchased and interbank borrowings | 1,625 | 961 |
| Securities sold under agreements to repurchase | 551 | 917 |
| Federal Home Loan Bank advances | 41,896 | 41,167 |
| Other borrowings | 8,189 | 11,039 |
| Total interest expense | 242,756 | 239,523 |
| Net interest income | 387,643 | 356,458 |
| Provision for credit losses | 31,403 | 18,891 |
| Net interest income after provision for credit losses | 356,240 | 337,567 |
| Noninterest Income | ||
| Wealth and investment services fees | 29,648 | 28,304 |
| Service charges on deposit accounts | 21,156 | 17,898 |
| Debit card and ATM fees | 9,991 | 10,054 |
| Mortgage banking revenue | 6,879 | 4,478 |
| Capital markets income | 4,506 | 2,900 |
| Company-owned life insurance | 5,381 | 3,434 |
| Debt securities gains (losses), net | (76) | (16) |
| Other income | 16,309 | 10,470 |
| Total noninterest income | 93,794 | 77,522 |
| Noninterest Expense | ||
| Salaries and employee benefits | 148,305 | 149,803 |
| Occupancy | 29,053 | 27,019 |
| Equipment | 8,901 | 8,671 |
| Marketing | 11,940 | 10,634 |
| Technology | 22,020 | 20,023 |
| Communication | 4,134 | 4,000 |
| Professional fees | 7,919 | 6,406 |
| FDIC assessment | 9,700 | 11,313 |
| Amortization of intangibles | 6,830 | 5,455 |
| Amortization of tax credit investments | 3,424 | 2,749 |
| Other expense | 16,245 | 16,244 |
| Total noninterest expense | 268,471 | 262,317 |
| Income before income taxes | 181,563 | 152,772 |
| Income tax expense | 36,904 | 32,488 |
| Net income | 144,659 | 120,284 |
| Preferred dividends | (4,034) | (4,034) |
| Net income applicable to common shareholders | $140,625 | $116,250 |
| Net income per common share - basic | $0.45 | $0.40 |
| Net income per common share - diluted | 0.44 | 0.40 |
| Weighted average number of common shares outstanding - basic | 315,925 | 290,980 |
| Weighted average number of common shares outstanding - diluted | 321,016 | 292,207 |
| Dividends per common share | $0.14 | $0.14 |
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