OLD NATIONAL BANCORP /IN/

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

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.

Mar 31, 2025 · Filed Apr 30, 2025

ONB$25.36+1.7%Stored close · as of Nov 9, 2026

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Contents

Financial Highlights

The following table sets forth certain financial highlights of Old National for the previous five quarters:

	Three Months Ended
(dollars and shares in thousands,except per share data)	March 31,	December 31,	September 30,	June 30,	March 31,
2025 · 2024 · 2024 · 2024 · 2024
Income Statement:
Net interest income	$387,643	$394,180	$391,724	$388,421	$356,458
Taxable equivalent adjustment (1) (3)	5,360	5,777	6,144	6,340	6,253
Net interest income - taxable equivalent basis (3)	393,003	399,957	397,868	394,761	362,711
Provision for credit losses	31,403	27,017	28,497	36,214	18,891
Noninterest income	93,794	95,766	94,138	87,271	77,522
Noninterest expense	268,471	276,824	272,283	282,999	262,317
Net income available to common shareholders	140,625	149,839	139,768	117,196	116,250
Per Common Share Data:
Weighted average diluted common shares	321,016	318,803	317,331	316,461	292,207
Net income (diluted)	$0.44	$0.47	$0.44	$0.37	$0.40
Cash dividends	0.14	0.14	0.14	0.14	0.14
Common dividend payout ratio (2)	32%	30%	32%	38%	35%
Book value	$19.71	$19.11	$19.20	$18.28	$18.24
Stock price	21.19	21.71	18.66	17.19	17.41
Tangible common book value (3)	12.54	11.91	11.97	11.05	11.10
Performance Ratios:
Return on average assets	1.08%	1.14%	1.08%	0.92%	0.98%
Return on average common equity	9.11	9.83	9.40	8.17	8.74
Return on average tangible common equity (3)	15.02	16.37	15.96	14.07	14.93
Net interest margin (3)	3.27	3.30	3.32	3.33	3.28
Efficiency ratio (3)	53.74	54.37	53.83	57.17	58.34
Net charge-offs to average loans	0.24	0.21	0.19	0.16	0.14
Allowance for credit losses on loans to ending loans	1.10	1.08	1.05	1.01	0.95
Allowance for credit losses (4) to ending loans	1.16	1.14	1.12	1.08	1.03
Non-performing loans to ending loans	1.29	1.23	1.22	0.94	0.98
Balance Sheet:
Total loans	$36,413,944	$36,285,887	$36,400,643	$36,150,513	$33,623,319
Total assets	53,877,944	53,552,272	53,602,293	53,119,645	49,534,918
Total deposits	41,034,572	40,823,560	40,845,746	39,999,228	37,699,418
Total borrowed funds	5,447,054	5,411,537	5,449,096	6,085,204	5,331,161
Total shareholders’ equity	6,534,654	6,340,350	6,367,298	6,075,072	5,595,408
Capital Ratios:
Risk-based capital ratios:
Tier 1 common equity	11.62%	11.38%	11.00%	10.73%	10.76%
Tier 1	12.23	11.98	11.60	11.33	11.40
Total	13.68	13.37	12.94	12.71	12.74
Leverage ratio (to average assets)	9.44	9.21	9.05	8.90	8.96
Total equity to assets (averages)	12.01	11.78	11.60	11.31	11.32
Tangible common equity to tangible assets (3)	7.76	7.41	7.44	6.94	6.86
Nonfinancial Data:
Full-time equivalent employees	4,028	4,066	4,105	4,267	3,955
Banking centers	280	280	280	280	258

(1)Calculated using the federal statutory tax rate in effect of 21% for all periods.

(2)Cash dividends per common share divided by net income per common share (basic).

(3)Represents a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures” section for reconciliations to GAAP financial measures.

(4)Includes the allowance for credit losses on loans and unfunded loan commitments.

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.