OLD NATIONAL BANCORP /IN/

Listed Company

ONBCIK 0000707179NasdaqLarge AcceleratedNational Commercial BanksIndianaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$669.26M

Total Assets

$72.15B

Equity

$8.49B

Shares Out

386.37M

Op. Cash Flow

$681.47M

+ 13F Filer

Business

OLD NATIONAL BANCORP /IN/ provides banking and diversified financial services through its wholly owned banking subsidiary and non-bank affiliates, acting as a financial holding company for community and commercial banking activities. It offers products and services including commercial, real estate and consumer lending; deposit accounts; private banking; wealth management, trust, brokerage and investment advisory services; and capital markets, treasury and merchant services. The company operates through its bank and non-bank affiliates as primary business segments. It serves clients primarily across Midwest and Southeast U.S. markets via branch banking, digital and treasury channels.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Taxable	2,621	2,139	1,815	1,178	490
Nontaxable	67	51	45	26	12
Taxable	493	324	263	204	98
Nontaxable	40	42	44	44	38
Money market and other interest-earning investments	48	46	40	3	589,000
Total interest income	3,270	2,602	2,207	1,454	639
Deposits	953	846	484	49	11
Federal funds purchased and interbank borrowings	4	3	11	5	0
Securities sold under agreements to repurchase	3	3	3	843,000	397,000
Federal Home Loan Bank advances	215	177	162	52	21
Other borrowings	37	41	43	20	10
Total interest expense	1,212	1,071	704	126	—
Net interest income	2,058	1,531	1,503	1,328	596
Provision for credit losses	198	111	59	145	−30
Net interest income after provision for credit losses	1,860	1,420	1,444	1,183	626
Wealth and investment services fees	144	117	108	101	65
Service charges on deposit accounts	100	78	72	73	32
Debit card and ATM fees	49	43	42	40	24
Mortgage banking revenue	38	26	16	23	43
Capital markets income	37	20	24	26	22
Company-owned life insurance	27	21	15	15	11
Debt securities gains (losses), net	−37,000	−212,000	−6	−88,000	4
Gain on sale of Visa Class B restricted shares	0	0	22	0	0
Other income	70	49	40	32	14
Total noninterest income	467	355	333	400	214
Salaries and employee benefits	749	603	546	576	284
Occupancy	129	110	107	100	55
Equipment	48	37	32	28	17
Marketing	55	46	40	32	13
Technology	120	89	80	85	47
Communication	24	17	17	19	10
Professional fees	62	35	27	39	20
FDIC assessment	48	45	57	19	6
Amortization of intangibles	79	28	24	26	11
Amortization of tax credit investments	26	13	15	11	7
Other expense	144	72	81	77	32
Total noninterest expense	1,485	1,094	1,026	1,038	501
Income before income taxes	841	680	751	545	339
Income tax expense	172	141	169	116	61
Net income	669	539	582	428	278
Preferred dividends	−16	−16	−16	−14	0
Net income applicable to common shareholders	653	523	566	414	278
Net income per common share - basic (in dollars per share)	1.8	1.69	1.95	1.51	1.68
Net income per common share - diluted (in dollars per share)	1.79	1.68	1.94	1.5	1.67
Weighted average number of common shares outstanding - basic (in shares)	364	309	291	275	165
Weighted average number of common shares outstanding - diluted (in shares)	365	311	292	277	166
Dividends per common share (in dollars per share)	0.56	0.56	0.56	0.56	0.56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	592	394	431	453	173
Money market and other interest-earning investments	1,235	834	744	275	649
Total cash and cash equivalents	1,826	1,228	1,175	728	822
Equity securities, at fair value	129	92	80	53	13
Investment securities - available-for-sale, at fair value (amortized cost $12,059,997 and $8,480,508, respectively)	11,384	7,458	6,713	6,774	7,382
Investment securities - held-to-maturity, at amortized cost (fair value $2,540,238 and $2,471,138, respectively)	2,895	2,955	3,013	3,089	0
Federal Home Loan Bank/Federal Reserve Bank stock, at cost	494	379	366	314	169
Loans held-for-sale, at fair value	53	34	32	12	35
Total loans, net of unearned income	48,764	36,286	32,992	31,124	13,602
Allowance for credit losses on loans	−570	−393	−308	−304	−107
Net loans	48,195	35,893	32,684	30,820	13,495
Premises and equipment, net	691	589	565	557	476
Goodwill	2,426	2,175	1,999	1,999	1,037
Other intangible assets	482	121	102	126	35
Company-owned life insurance	1,051	860	768	769	463
Accrued interest receivable and other assets	2,526	1,767	1,592	1,523	—
Total assets	72,152	53,552	49,090	46,763	24,454
Noninterest-bearing demand	13,247	9,399	9,664	11,931	6,303
Checking and NOW	10,741	8,040	7,331	8,341	5,338
Savings	4,909	4,753	5,099	6,326	3,798
Money market	16,530	11,875	9,561	5,389	2,169
Time deposits	9,661	6,756	5,579	3,014	960
Total deposits	55,088	40,824	37,235	35,001	18,569
Federal funds purchased and interbank borrowings	100	385,000	390,000	581	276,000
Securities sold under agreements to repurchase	261	269	285	433	392
Federal Home Loan Bank advances	6,237	4,453	4,281	3,829	1,886
Other borrowings	852	690	765	743	297
Accrued expenses and other liabilities	1,118	977	961	1,048	221
Total liabilities	63,657	47,212	43,527	41,635	21,442
Commitments and contingencies (Note 20)	—	—	—	—	—
Preferred stock, 2,000 shares authorized, 231 shares issued and outstanding	231	231	231	231	0
Common stock, no par value, $1.00 per share stated value, 600,000 shares authorized, 389,662 and 318,980 shares issued and outstanding, respectively	390	319	293	293	166
Capital surplus	5,945	4,571	4,160	4,174	1,881
Retained earnings	2,409	1,966	1,619	1,217	968
Accumulated other comprehensive income (loss), net of tax	−479	−746	−739	−786	−2
Total shareholders equity	8,495	6,340	5,563	5,129	3,012
Total liabilities and shareholders equity	72,152	53,552	49,090	46,763	24,454

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	45	38	38	36	27
Net (discount accretion) premium amortization	−141	−33	−15	19	16
Share-based compensation expense	38	32	28	29	7
Net (gains) losses on sales of loans and other assets	−11	−8	−3	13	−37
Residential real estate loans originated for sale	−1,217	−890	−473	−570	−1,215
Proceeds from sales of residential real estate loans	1,221	903	473	621	1,275
(Increase) decrease in interest receivable	−61	4	−35	−53	1
(Increase) decrease in other assets	33	−54	−66	−41	3
Increase (decrease) in accrued expenses and other liabilities	−171	−40	−80	327	18
Net cash flows provided by (used in) operating activities	681	622	516	814	330
Cash received from merger, net	135	178	0	1,913	0
Purchases of investment securities available-for-sale	−4,637	−1,842	−1,084	−1,439	−3,322
Purchases of investment securities held-to-maturity	0	0	−2	−171	0
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock	−93	−13	−99	−147	0
Purchases of equity securities	−8	−7	−28	−6	−11
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale	1,797	1,082	1,066	1,285	1,512
Proceeds from sales of investment securities available-for-sale	2,082	301	97	20	199
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity	72	73	95	84	0
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock	72	14	48	109	58,000
Proceeds from sales of equity securities	6	3	25	53	544,000
Loan originations and payments, net	−1,332	−1,215	−2,674	−3,072	206
Proceeds from sales of commercial loans	95	63	758	0	0
Proceeds from company-owned life insurance death benefits	17	21	16	10	3
Proceeds from sale of premises and equipment and other assets	2	2	4	4	29
Purchases of premises and equipment and other assets	−44	−30	−38	−38	−49
Net cash flows provided by (used in) investing activities	−1,835	−1,372	−1,819	−1,686	−1,432
Deposits	1,402	1,028	2,234	−436	1,532
Federal funds purchased and interbank borrowings	100	−5,000	−581	581	−890,000
Securities sold under agreements to repurchase	−57	−16	−148	−95	−39
Other borrowings	−47	−110	17	177	36
Payments for maturities of Federal Home Loan Bank advances	−2,520	−1,300	−2,250	−2,103	−147
Proceeds from Federal Home Loan Bank advances	2,726	1,400	2,700	2,900	50
Cash dividends paid	−225	−191	−180	−178	−93
Common stock repurchased	−72	−9	−44	−71	−4
Common stock issued for ESPP	1	1	1	—	—
Common stock issued for forward sale agreements	443	0	0	—	—
Net cash flows provided by (used in) financing activities	1,752	803	1,749	777	1,334
Net increase (decrease) in cash and cash equivalents	598	53	447	−94	232

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 900 positions

Reported AUM

$2.71B

Holdings

900

Top sector

$2.71B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$2.71B	100.0%

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