secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001628280-24-001890
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National posts record full-year adjusted EPS $2.05; CEO Ryan becomes Chairman as Scudder retires
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- Q4 2023 diluted EPS $0.44 ($0.46 adjusted); full-year EPS $1.94 ($2.05 adjusted).
- Net interest margin contracted 10 bps to 3.39%; total deposits $37.2B flat QoQ.
- Tangible book value per share grew 17% YoY; adjusted return on avg tangible common equity 19.0%.
- $21.6M pre-tax gain on Visa B share sale; $19.1M FDIC special assessment recorded.
- Mike Scudder to retire as Executive Chairman Jan 31; CEO Jim Ryan succeeds as Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828024001890/0001628280-24-001890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828024001890/onb-20240123.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001890

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