Old National Q2 diluted EPS $0.34 vs $0.44 in Q1; adjusted EPS $0.53
Old National Bancorp reported second-quarter 2025 diluted EPS of $0.34 and net income applicable to common shares of $121.4 million, compared with $0.44 and $140.6 million in the first quarter. Results include the Bremer partnership, which closed May 1, 2025, a $75.6 million CECL Day 1 provision and $41.2 million of merger-related charges, while net interest income rose to $521.9 million from $393.0 million. The company also named Tim Burke President and Chief Operating Officer, effective July 22, 2025.
Key points
- Net income applicable to common shares of $121.4 million and diluted EPS of $0.34; adjusted figures were $190.9 million and $0.53.
- Bremer partnership closed May 1, 2025; period-end total deposits were $54.4 billion and total loans were $48.0 billion.
- Included $75.6 million of pre-tax CECL Day 1 provision expense and $41.2 million of pre-tax merger-related charges; net interest margin rose 26 bps to 3.53%.
- Tim Burke joins as President and COO on July 22, 2025, succeeding Mark Sander, who announced his retirement earlier this year.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.