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

EBIT: As of FY2025 Q2, the actual value is USD 155.71 M.

Net Income

• Net income applicable to common shares was $121.4 million, with adjusted net income of $190.9 million.

Net Interest Income and Margin

• Net interest income on a fully taxable equivalent basis was $521.9 million, with a net interest margin of 3.53%, up 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, up $13.3 billion, with core deposits up $11.6 billion.
• Total deposit costs were 193 basis points, up 2 basis points.

Loans and Credit Quality

• End-of-period total loans were $48.0 billion, up $11.5 billion.
• Provision for credit losses was $106.8 million, with net charge-offs of $26.5 million, or 24 basis points of average loans.

Return Profile & Capital

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

Notable Items

• Closing of Bremer partnership on May 1, 2025, with $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.