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Premises and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Premises and Equipment PREMISES AND EQUIPMENT
The composition of premises and equipment was as follows:
December 31,
(dollars in thousands)20252024
Land$124,938 $96,798 
Buildings543,931 491,553 
Furniture, fixtures, and equipment202,630 158,529 
Leasehold improvements121,893 97,260 
Total993,392 844,140 
Accumulated depreciation(302,568)(255,170)
Premises and equipment, net$690,824 $588,970 
During 2025, Old National recorded $100.0 million of premises and equipment associated with the acquisition of Bremer. See Note 2 to the consolidated financial statements for additional detail regarding this transaction.
Depreciation expense was $44.9 million in 2025, $38.1 million in 2024, and $38.2 million in 2023.
Finance Leases
Old National leases certain banking center buildings and equipment under finance leases that are included in premises and equipment. See Notes 6 and 13 to the consolidated financial statements for detail regarding these leases.