secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001628280-24-017212
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National Q1 adjusted EPS $0.45; completes CapStar acquisition
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- Net income applicable to common shares $116.3M ($0.40 diluted EPS); adjusted net income $130.8M ($0.45 adjusted EPS).
- Net interest margin (FTE) 3.28%, down 11 bps QoQ; net interest income $362.7M.
- Period-end total deposits $37.7B, up 5% annualized; total loans $33.6B, up 7.5% annualized.
- Credit quality stable: net charge-offs 14 bps (7 bps excl. PCD loans), NPLs 0.98% of loans.
- Closed CapStar Bank acquisition on April 1, adding ~$3B assets, $2.3B loans, $2.6B deposits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828024017212/0001628280-24-017212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828024017212/onb-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-017212

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