secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001628280-23-025529
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National Bancorp Q2 2023 EPS $0.52, adjusted EPS $0.54; deposits up 3.8%
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- Net income applicable to common shares $151.0M ($0.52 diluted EPS); adjusted net income $156.3M ($0.54 adjusted EPS).
- Total deposits rose 3.8% to $36.2B; core deposits up 2.4%; loans up 2.2% to $32.5B.
- Net interest margin (FTE) 3.60%, down 9 bps QoQ; net interest income (FTE) $388.0M.
- Provision for credit losses $14.8M; net charge-offs $10.1M (13 bps); NPLs 0.91% vs 0.74% prior quarter.
- Adjusted PPNR $229.0M; adjusted efficiency ratio 49.4%; Tier 1 capital ratio 10.79% (up 15 bps).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828023025529/0001628280-23-025529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828023025529/onb-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025529

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