Every material Form 8-K Old National Bank filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Old National Bancorp said Commercial Banking CEO Jim Sandgren intends to retire in April 2026, after a career of nearly 35 years with the company. The filing states that he has held roles including President and COO and Southern Region CEO, and it names no successor for the commercial banking role. For shareholders, this is a senior leadership change in the company's commercial banking business, and the filing contains no financial figures tied to it.
Sandgren, Commercial Banking CEO, intends to retire in April 2026; the announcement was made December 3, 2025.
Sandgren has been with Old National for nearly 35 years and previously served as President and COO and Southern Region CEO.
President and COO Tim Burke said Sandgren will work to ensure the smoothest possible transition for the commercial bank team and clients over the coming months.
Old National Bancorp reported third-quarter 2025 net income applicable to common shares of $178.5 million, or $0.46 per diluted share, compared with $121.4 million, or $0.34, in the second quarter of 2025. Results include $69.3 million of pre-tax merger-related charges, and adjusted diluted EPS was $0.59. For shareholders, reported profit and EPS rose from the prior quarter, while the filing notes the quarter reflects the full-quarter effect of the Bremer transaction.
Net income applicable to common shares was $178.5 million, up from $121.4 million in the second quarter of 2025.
Diluted EPS was $0.46 versus $0.34 in the second quarter; adjusted diluted EPS was $0.59.
Net interest income on a fully taxable equivalent basis rose to $582.6 million from $521.9 million; net interest margin was 3.64%.
Pre-tax merger-related charges were $69.3 million, and the provision for credit losses was $26.7 million versus $106.8 million in the prior quarter.
Old National Bancorp named Timothy M. Burke, Jr. as President and Chief Operating Officer, effective July 22, 2025, succeeding Mark G. Sander, who has retired. Burke also takes the same roles and a board seat at Old National Bank, the company's subsidiary, and his employment agreement sets a $750,000 base salary and severance terms.
Timothy M. Burke, Jr., age 49, previously Executive Vice President at KeyBank, succeeds Mark G. Sander as President and COO
Base salary of $750,000, target bonus of 100% of salary, and a $600,000 one-time cash signing bonus
Service-based restricted stock award of 33,000 shares vesting over four years
Severance equal to two times salary plus target bonus without a change in control, or three times if terminated within 24 months after one
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.
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.
Old National Bancorp completed its merger with Bremer Financial Corporation on May 1, 2025, and Bremer Bank merged into Old National Bank. Each Bremer share was converted into 4.182 Old National common shares, $26.22 in cash, and cash in lieu of fractional shares, and Old National assumed about $61.9 million of Bremer's junior subordinated debt. The filing does not include updated financial results for the combined company.
Each Bremer Class A and Class B share converted into 4.182 Old National common shares plus $26.22 in cash
Old National assumed about $61.9 million in aggregate principal of junior subordinated debt due June 1, 2036
Board expanded from 15 to 16 directors; Daniel C. Reardon appointed to fill the vacancy and to the Audit Committee
Systems conversion is anticipated in mid-October 2025; Community Growth Plan commitment raised from $9.5 billion to $11.1 billion
Old National Bancorp reported first-quarter 2025 net income applicable to common shares of $140.6 million, or $0.44 per diluted share, compared with $149.8 million and $0.47 in the fourth quarter of 2024, and up from $116.3 million and $0.40 a year earlier. Net interest income fell sequentially to $393.0 million, and management said the bank anticipates closing its partnership with Bremer Bank on May 1, 2025.
Net income applicable to common shares $140.6 million; adjusted $145.5 million, or $0.45 per diluted share, excluding $5.9 million of pre-tax merger-related charges and realized debt securities losses
Net interest income $393.0 million vs $400.0 million in Q4 2024; net interest margin 3.27%, down 3 basis points
Period-end total deposits $41.0 billion, up 2.1% annualized; total loans $36.5 billion, up 1.5% annualized
Partnership with Bremer Bank anticipated to close on May 1, 2025, according to CEO Jim Ryan
Old National Bancorp disclosed that Michael L. Scudder, who had retired as Executive Chairman and a director on January 31, 2024, retired as an employee on February 15, 2025, completing his departure. The filing confirms the end of his remaining role with the company, which had been previously disclosed.
Michael L. Scudder retired as Executive Chairman and director on January 31, 2024, and stayed on as an employee.
Mr. Scudder retired as an employee on February 15, 2025.
The filing describes this as a follow-up to a previously disclosed event and reports no new compensation terms.
Old National Bancorp reported fourth-quarter 2024 net income applicable to common shares of $149.8 million, or $0.47 per diluted share, up from $139.8 million and $0.44 in the prior quarter; full-year 2024 diluted EPS was $1.68, versus $1.94 in 2023. The company also said President and COO Mark G. Sander will retire June 30, 2025, and named Daniel S. Hermann as Lead Independent Director, succeeding Rebecca S. Skillman, who remains on the board.
Q4 2024 net income applicable to common shares was $149.8 million, or $0.47 per diluted share, versus $139.8 million and $0.44 in Q3 2024.
Adjusted Q4 2024 EPS was $0.49; full-year 2024 diluted EPS was $1.68 ($1.86 adjusted) versus $1.94 in 2023.
Mark G. Sander, President and Chief Operating Officer, will retire effective June 30, 2025.
Daniel S. Hermann, a board member since 2020, was appointed Lead Independent Director; Rebecca S. Skillman served in the role since 2016.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Old National Bank filing is on SEC EDGAR ↗. 8-K briefs of other companies →