Old National Bancorp reported second-quarter 2025 net income applicable to common shares of $121.4 million, with diluted earnings per share (EPS) of $0.34. On an adjusted basis, net income was $190.9 million, and adjusted diluted EPS reached $0.53.
For the six months ended June 30, 2025, net interest income surged by 21.2% year-over-year to $902.4 million, comprising 80% of total revenues. Noninterest income also saw a substantial increase, growing 37.3% year-over-year to $226.3 million for the first half of 2025, driven by the Bremer acquisition and organic growth in fee-based businesses.
Despite integration costs, noninterest expense increased by a controlled 19.8% year-over-year to $653.2 million for the first half of 2025, contributing to a 55.80% efficiency ratio in Q2 2025. The CET1 ratio stood at a robust 10.74% at June 30, 2025, providing significant capital flexibility.
In a separate announcement, Old National Bancorp named Timothy M. Burke, Jr. as President and Chief Operating Officer. This executive appointment is a significant leadership change aimed at further enhancing operational excellence and strategic execution across the company.
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