OLD NATIONAL BANCORP /IN/
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Feb 19, 2026
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
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands) | 2025 | 2024 | 2023 |
| Cash Flows From Operating Activities | |||
| Net income | $669,257 | $539,188 | $581,992 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 44,943 | 38,104 | 38,180 |
| Amortization of other intangible assets | 78,660 | 27,528 | 24,155 |
| Amortization of tax credit investments | 26,118 | 13,329 | 15,367 |
| Net (discount accretion) premium amortization | (140,610) | (33,073) | (14,775) |
| Share-based compensation expense | 38,214 | 32,283 | 27,910 |
| Provision for credit losses | 197,721 | 110,619 | 58,887 |
| Debt securities (gains) losses, net | 37 | 212 | 6,265 |
| Gain on sale of Visa Class B restricted shares | — | — | (21,635) |
| Net (gains) losses on sales of loans and other assets | (11,271) | (7,778) | (3,074) |
| Increase in cash surrender value of company-owned life insurance | (26,670) | (20,987) | (15,397) |
| Residential real estate loans originated for sale | (1,217,430) | (889,812) | (473,478) |
| Proceeds from sales of residential real estate loans | 1,221,488 | 902,873 | 472,537 |
| (Increase) decrease in interest receivable | (61,389) | 4,062 | (34,637) |
| (Increase) decrease in other assets | 33,250 | (54,023) | (66,070) |
| Increase (decrease) in accrued expenses and other liabilities | (170,846) | (40,241) | (79,885) |
| Net cash flows provided by (used in) operating activities | 681,472 | 622,284 | 516,342 |
| Cash Flows From Investing Activities | |||
| Cash received from merger, net | 135,124 | 177,791 | — |
| Purchases of investment securities available-for-sale | (4,636,828) | (1,842,045) | (1,084,416) |
| Purchases of investment securities held-to-maturity | — | — | (1,941) |
| Purchases of Federal Home Loan Bank/Federal Reserve Bank stock | (93,327) | (13,129) | (99,158) |
| Purchases of equity securities | (7,723) | (7,244) | (28,408) |
| Proceeds from maturities, prepayments, and calls of investment securities available-for-sale | 1,796,946 | 1,081,567 | 1,066,266 |
| Proceeds from sales of investment securities available-for-sale | 2,082,053 | 300,617 | 96,506 |
| Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity | 71,937 | 72,916 | 94,511 |
| Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock | 72,373 | 14,438 | 47,738 |
| Proceeds from sales of equity securities | 6,004 | 3,080 | 24,636 |
| Loan originations and payments, net | (1,332,344) | (1,215,292) | (2,673,593) |
| Proceeds from sales of commercial loans | 95,298 | 63,434 | 757,593 |
| Proceeds from company-owned life insurance death benefits | 17,377 | 20,583 | 16,252 |
| Proceeds from sale of premises and equipment and other assets | 2,368 | 1,585 | 3,513 |
| Purchases of premises and equipment and other assets | (44,064) | (30,269) | (38,375) |
| Net cash flows provided by (used in) investing activities | (1,834,806) | (1,371,968) | (1,818,876) |
| Cash Flows From Financing Activities | |||
| Net increase (decrease) in: | |||
| Deposits | 1,402,277 | 1,028,256 | 2,234,350 |
| Federal funds purchased and interbank borrowings | 99,812 | (5) | (581,099) |
| Securities sold under agreements to repurchase | (56,740) | (16,231) | (147,598) |
| Other borrowings | (47,130) | (110,170) | 16,938 |
| Payments for maturities of Federal Home Loan Bank advances | (2,520,285) | (1,300,243) | (2,250,149) |
| Proceeds from Federal Home Loan Bank advances | 2,726,200 | 1,400,000 | 2,700,000 |
| Cash dividends paid | (225,117) | (191,163) | (180,030) |
| Common stock repurchased | (71,799) | (8,884) | (44,308) |
| Common stock issued for ESPP | 1,089 | 1,034 | 1,076 |
| Common stock issued for forward sale agreements | 443,236 | — | — |
| Net cash flows provided by (used in) financing activities | 1,751,543 | 802,594 | 1,749,180 |
| Net increase (decrease) in cash and cash equivalents | 598,209 | 52,910 | 446,646 |
| Cash and cash equivalents at beginning of period | 1,227,968 | 1,175,058 | 728,412 |
| Cash and cash equivalents at end of period | $1,826,177 | $1,227,968 | $1,175,058 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.