Old National Bancorp reported first-quarter 2025 net income applicable to common shares of $140.6 million, with diluted earnings per share (EPS) of $0.44. On an adjusted basis, net income was $145.5 million, and adjusted diluted EPS reached $0.45.
Net interest income on a fully taxable equivalent (FTE) basis was $393 million, a decrease of 2% from the fourth quarter of 2024. The net interest margin (FTE) for the quarter was 3.27%, down 3 basis points from the prior quarter.
The company continued to demonstrate disciplined growth, with total loans increasing 1.5% on an annualized basis and total deposits growing 2.1% annualized. Old National's Common Equity Tier 1 (CET1) capital ratio stood at 11.62%, and tangible common book value was $12.54 per share.
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