Old Natl Bancorp Pref Share ONBPO 7.0 PERP 08/20/25 | 8-K: FY2025 Q2 EPS: USD 0.34

EPS: As of FY2025 Q2, the actual value is USD 0.34.

Net Income

• Net income applicable to common shares for the second quarter of 2025 was $121.4 million, with adjusted net income of $190.9 million.

Net Interest Income

• Net interest income on a fully taxable equivalent basis was $521.9 million, with a net interest margin of 3.53%, an increase of 26 basis points.

Operating Performance

• Pre-provision net revenue was $269.6 million, with adjusted pre-provision net revenue of $289.9 million.
• Noninterest expense was $384.8 million, with adjusted noninterest expense of $343.6 million.
• Efficiency ratio was 55.8%, with an adjusted efficiency ratio of 50.2%.

Deposits and Funding

• Period-end total deposits were $54.4 billion, an increase of $13.3 billion, with core deposits up $11.6 billion.

Loans and Credit Quality

• End-of-period total loans were $48.0 billion, an increase of $11.5 billion.
• Provision for credit losses was $106.8 million, with net charge-offs of $26.5 million.

Return Profile & Capital

• Return on average tangible common equity was 12.0%, with adjusted ROATCE of 18.1%.
• Preliminary regulatory Tier 1 common equity to risk-weighted assets was 10.74%.

Notable Items

• $75.6 million of pre-tax CECL Day 1 non-PCD provision expense and $41.2 million of pre-tax merger-related charges.

Outlook / Guidance

• Old National Bancorp is well-positioned for the remainder of the year, benefiting from a larger balance sheet and a stronger capital position following the successful closing of the partnership with Bremer.