Old National Bancorp(US:ONB)2025-07-22 14:00Financial Performance Highlights - The company's reported EPS was $0.34, while the adjusted EPS reached $0.53[9] - Net income was reported at $121 million, with an adjusted net income of $191 million[9] - Return on average tangible common equity was 12%, and the adjusted return on average tangible common equity was 18.1%[9] Balance Sheet Strength - Total loans increased by 32% year-over-year to $47.98 billion[11] - Total deposits grew by 36% year-over-year to $54.358 billion[11] - Available-for-sale securities increased by 55% year-over-year to $11.005 billion[11] Bremer Acquisition Impact - The acquisition of Bremer was completed on May 1, 2025, strengthening the company's presence in the Midwest[10] - The Day 2 Provision (non-PCD loans & unfunded loan commitments) was $76 million[53] - Core deposit intangibles related to the Bremer acquisition amounted to $397 million[53] Net Interest Income and Margin - Net interest income (FTE) increased by 33% compared to the previous quarter, reaching $522 million[27] - Net interest margin (NIM) (FTE) increased by 26 bps from the previous quarter to 3.53%[27]