Old Natl Bancorp Pref Share ONBPP 7.0 PERP 08/20/25 | 8-K: FY2025 Q3 Revenue: USD 705.07 M

Revenue: As of FY2025 Q3, the actual value is USD 705.07 M.

EPS: As of FY2025 Q3, the actual value is USD 0.46.

EBIT: As of FY2025 Q3, the actual value is USD -342.01 M.

Net Income

• Net income applicable to common shares was $178.5 million, with adjusted net income of $231.3 million.

Net Interest Income and Margin

• Net interest income on a fully taxable equivalent basis was $582.6 million, with a net interest margin of 3.64%, up 11 basis points.

Operating Performance

• Pre-provision net revenue was $267.3 million, with adjusted pre-provision net revenue of $336.6 million, up 16%.
• Noninterest expense was $445.7 million, with adjusted noninterest expense of $376.5 million.
• Efficiency ratio was 58.8%, with an adjusted efficiency ratio of 48.1%.

Deposits and Funding

• Total deposits were $55.0 billion, up 4.8% annualized, with core deposits up 5.8% annualized.

Loans and Credit Quality

• Total loans were $48.0 billion, up 0.6% annualized, and up 3.1% annualized excluding loans acquired from Bremer.
• Provision for credit losses was $26.7 million.
• Net charge-offs were $30.0 million, or 25 basis points of average loans.

Return Profile & Capital

• Return on average tangible common equity was 15.9%, with an adjusted return of 20.1%.
• Preliminary regulatory Tier 1 common equity to risk-weighted assets was 11.02%, up 28 basis points.

Notable Items

• $69.3 million of pre-tax merger-related charges were included in the results.

Outlook / Guidance

• Old National Bancorp is well-positioned for the remainder of 2025 and beyond, following the completion of conversion activities related to the Bremer partnership.