secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001628280-25-018713
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National Q1 net income $140.6M, EPS $0.44; Bremer deal on track for May 1 close
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- Net income applicable to common shares $140.6M, diluted EPS $0.44; adjusted net income $145.5M, adjusted EPS $0.45.
- Net interest margin on FTE basis 3.27%, down 3 bps; deposit costs fell 17 bps to 1.91%.
- Period-end loans $36.5B (+1.5% annualized); deposits $41.0B (+2.1% annualized); net charge-offs 24 bps.
- CEO says results better than expected; anticipate closing Bremer Bank partnership on May 1, 2025.
- Preliminary Tier 1 common equity ratio 11.62%, up 24 bps; strong capital position.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828025018713/0001628280-25-018713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828025018713/onb-20250422.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-018713

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