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Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets | The following are the condensed parent company only financial statements of Old National:
OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED BALANCE SHEETS |  |  |
| December 31,
(dollars in thousands) | 2024 |  | 2023
Assets |  |  |
Deposits in affiliate bank | $ | 299,179 |  |  | $ | 284,294 |
Equity securities | 63,067 |  |  | 51,241 |
Investment securities - available-for-sale | 17,363 |  |  | 15,886 |
Investment in affiliates: |  |  |
Banking subsidiaries | 6,159,143 |  |  | 5,530,637 |
Non-banks | 39,412 |  |  | 44,395 |
Goodwill | 59,627 |  |  | 59,506 |
Other assets | 136,218 |  |  | 127,540 |
Total assets | $ | 6,774,009 |  |  | $ | 6,113,499 |
Liabilities and Shareholders’ Equity |  |  |
Other liabilities | $ | 103,967 |  |  | $ | 70,840 |
Other borrowings | 329,692 |  |  | 479,759 |
Shareholders’ equity | 6,340,350 |  |  | 5,562,900 |
Total liabilities and shareholders’ equity | $ | 6,774,009 |  |  | $ | 6,113,499 |
Schedule of Condensed Statements of Income |
OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENTS OF INCOME |  |  |  |  |
| Years Ended December 31,
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Income |  |  |  |  |
Dividends from affiliates | $ | 385,000 |  |  | $ | 150,000 |  |  | $ | — |
Other income | 9,004 |  |  | 2,919 |  |  | 1,733 |
Other income from affiliates | 5 |  |  | 5 |  |  | 5 |
Total income | 394,009 |  |  | 152,924 |  |  | 1,738 |
Expense |  |  |  |  |
Interest on borrowings | 19,445 |  |  | 20,700 |  |  | 16,662 |
Other expenses | 41,231 |  |  | 43,185 |  |  | 37,629 |
Total expense | 60,676 |  |  | 63,885 |  |  | 54,291 |
Income (loss) before income taxes and equity in undistributed earnings of affiliates | 333,333 |  |  | 89,039 |  |  | (52,553) |
Income tax expense (benefit) | (6,642) |  |  | (11,325) |  |  | (9,901) |
Income (loss) before equity in undistributed earnings of affiliates | 339,975 |  |  | 100,364 |  |  | (42,652) |
Equity in undistributed earnings of affiliates | 199,213 |  |  | 481,628 |  |  | 470,939 |
Net income | 539,188 |  |  | 581,992 |  |  | 428,287 |
Preferred dividends | (16,135) |  |  | (16,135) |  |  | (14,118) |
Net income applicable to common shareholders | $ | 523,053 |  |  | $ | 565,857 |  |  | $ | 414,169 |
Schedule of Condensed Statement of Cash Flows |
OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENT OF CASH FLOWS |  |  |  |  |
| Years Ended December 31,
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Cash Flows From Operating Activities |  |  |  |  |
Net income | $ | 539,188 |  |  | $ | 581,992 |  |  | $ | 428,287 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |
Depreciation | 26 |  |  | 18 |  |  | 26 |
Share-based compensation expense | 32,283 |  |  | 27,910 |  |  | 28,656 |
(Increase) decrease in other assets | 12,149 |  |  | (19,353) |  |  | (40,620) |
Increase (decrease) in other liabilities | 11,772 |  |  | (2,561) |  |  | 10,455 |
Equity in undistributed earnings of affiliates | (199,213) |  |  | (481,628) |  |  | (470,939) |
Net cash flows provided by (used in) operating activities | 396,205 |  |  | 106,378 |  |  | (44,135) |
Cash Flows From Investing Activities |  |  |  |  |
Net cash and cash equivalents of acquisitions | — |  |  | — |  |  | 573,099 |
Proceeds from sales of equity securities | — |  |  | — |  |  | 44,038 |
Purchase of equity securities | (7,244) |  |  | (17,773) |  |  | — |
Purchases of investment securities | — |  |  | — |  |  | (9,000) |
Purchases of premises and equipment | (76) |  |  | (8) |  |  | — |
Net cash flows provided by (used in) investing activities | (7,320) |  |  | (17,781) |  |  | 608,137 |
Cash Flows From Financing Activities |  |  |  |  |
Payments for maturities/redemptions of other borrowings | (174,987) |  |  | — |  |  | — |
Cash dividends paid | (191,163) |  |  | (180,030) |  |  | (177,623) |
Common stock repurchased | (8,884) |  |  | (44,308) |  |  | (71,182) |
Common stock issued | 1,034 |  |  | 1,076 |  |  | 809 |
Net cash flows provided by (used in) financing activities | (374,000) |  |  | (223,262) |  |  | (247,996) |
Net increase (decrease) in cash and cash equivalents | 14,885 |  |  | (134,665) |  |  | 316,006 |
Cash and cash equivalents at beginning of period | 284,294 |  |  | 418,959 |  |  | 102,953 |
Cash and cash equivalents at end of period | $ | 299,179 |  |  | $ | 284,294 |  |  | $ | 418,959 |

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