secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001628280-23-012672
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National Q1 adj EPS $0.54; stable deposits, loan growth 2.2% QoQ; employees killed in Louisville
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- Five Old National employees killed in Louisville shooting on April 10; CEO thanks community and notes resilient team.
- Net income applicable to common shares $142.6M ($0.49 diluted EPS); adjusted net income $159.1M ($0.54 diluted EPS).
- Net interest margin (FTE) 3.69%, down 16 bps; net interest income $387.2M; deposit costs 72 bps, deposit beta 15%.
- Period-end total deposits $34.9B (stable); total loans $31.8B, up 2.2% QoQ; commercial pipeline $5.4B.
- Credit stable: net charge-offs 21 bps (5 bps ex-PCD); NPLs 0.74%; ACL 1.05%; ~70% deposits insured/collateralized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828023012672/0001628280-23-012672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828023012672/onb-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-012672

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