secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001628280-23-001412
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National Q4 EPS $0.67 ($0.56 adjusted), up 43% from Q3; full-year adjusted EPS $1.96
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- Q4 net income applicable to common $196.7M, diluted EPS $0.67; adjusted net income $164.3M, adjusted EPS $0.56.
- Full-year net income $414.2M, diluted EPS $1.50; adjusted net income $540.9M, adjusted EPS $1.96.
- Net interest margin (FTE) 3.85%, up 14 bps from Q3; cost of total deposits 0.34%.
- Total loans $31.1B, up 7.7% annualized; commercial loans up 7.9% annualized.
- Pre-tax gain $90.7M from sale of health savings accounts; property optimization charges $26.8M, merger charges $20.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828023001412/0001628280-23-001412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828023001412/onb-20230124.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-001412

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer