m_and_a
confidence high
sentiment neutral
materiality 0.70
Old National closes Bremer merger; files Bremer audited FY2024 financials and pro forma statements
OLD NATIONAL BANCORP /IN/
- Bremer total assets $16.46B, net loans $11.65B as of Dec 31, 2024.
- Bremer net income fell to $21.3M in 2024 from $124M in 2023, including $112.7M goodwill impairment.
- Bremer net interest income $420M in 2024, down from $438M in 2023.
- Pro forma combined balance sheet and income statement as of Dec 31, 2024 filed as Exhibit 99.2.
item 9.01