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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Summary of Table Reconciling Basic and Diluted Net Income Per Share
The following table presents the calculation of basic and diluted net income per common share:
(dollars and shares in thousands,
except per share data)
Years Ended December 31,
202520242023
Net income$669,257 $539,188 $581,992 
Preferred dividends(16,135)(16,135)(16,135)
Net income applicable to common shares$653,122 $523,053 $565,857 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)363,513 309,499 290,748 
Effect of dilutive securities (1):
Restricted stock1,951 1,502 1,107 
Weighted average diluted shares outstanding365,464 311,001 291,855 
Basic Net Income Per Common Share$1.80 $1.69 $1.95 
Diluted Net Income Per Common Share$1.79 $1.68 $1.94 
(1)Old National had potentially dilutive shares from forward sale contracts for the year ended December 31, 2024 that were determined to be antidilutive and were excluded from the calculation of diluted net income per share. Old National received net proceeds from the sale of shares of Old National common stock and full physical settlement of the forward sale agreements in 2025.