Short answer
OLD NATIONAL BANCORP /IN/ (ONB) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $3.3B (+25.7% year over year) and net income of $669M.
- Top risk flagged: Regulatory risk under Federal Reserve oversight impacting net interest income management and dividend restrictions, including limit of $803.3 million dividends without approval
FY2025 key financial metrics · XBRL
- Revenue
- $3.3B
- +25.7% YoY
- Net income
- $669M
- +24.1% YoY
- EPS (diluted)
- $1.79
- +6.5% YoY
- ROE
- 7.9%
- −0.6 pp YoY
- Operating cash flow
- $681M
- +9.5% YoY
Source: XBRL data from the OLD NATIONAL BANCORP /IN/ (ONB) FY2025 10-K on SEC EDGAR. USD.
OLD NATIONAL BANCORP /IN/ FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Regional banking with services in lending, deposits, and wealth management
- No new products or segments introduced; continued emphasis on regulatory compliance and risk management
- Strategic focus shift toward strengthening compliance programs amid increasing regulatory enforcement risks
- Regulatory capital requirements highlighted; risk of raising capital or asset sales if ratios decline
- Noteworthy emphasis on heightened legal, regulatory, and tax risks with growing scrutiny on anti-money laundering and tax positions
Management Discussion & Analysis
- Revenue: Net interest income $2.06B in 2025 vs $1.53B in 2024, up $530.9M (34.7%), driven by Bremer acquisition and loan growth
- Profitability: Net interest margin steady at 3.54% in 2025 vs 3.31% in 2024 (taxable equivalent basis); cost of interest-bearing liabilities down 29bps to 2.69%
- Best segment: Commercial and commercial real estate loans grew by $10.4B to $37.0B, largest earning asset component (57% of earning assets)
- Worst segment: Provision for credit losses increased 78.7% to $197.7M in 2025 due to credit migration and Bremer-acquired allowances
- Capital allocation: Noninterest expense $1.49B up 35.7% including $140.9M merger costs; allowance for credit losses up 45.1% to $569.5M; no direct dividend or buyback data in excerpt
- Outlook/Risks: Management highlights volatility in provision expenses due to CECL model assumptions and macroeconomic factors; loan growth and recoveries may affect future provisions
Risk Factors
- Regulatory risk under Federal Reserve oversight impacting net interest income management and dividend restrictions, including limit of $803.3 million dividends without approval
- Macroeconomic risk from national unemployment rate influencing credit loss allowance estimates and loan portfolio credit losses
- Operational risk of cybersecurity breaches threatening sensitive client and company information despite internal controls and monitoring
- Competitive risk from market interest rate changes affecting loan and deposit repricing against peer banks and alternative financing options
- Financial risk from $9.66 billion time deposits maturing in 2026 exposing liquidity and funding cost pressures
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