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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Interest Rate Derivatives
The following table summarizes Old National’s derivatives designated as hedges:
December 31, 2025December 31, 2024
Fair ValueFair Value
(dollars in thousands)Notional
Assets (1)
Liabilities (2)
Notional
Assets (1)
Liabilities (2)
Cash flow hedges:
Interest rate collars and floors on loan pools$2,300,000 $11,627 $1,667 $1,900,000 $3,490 $11,196 
Interest rate swaps on borrowings (3)
50,000 — — 150,000 — — 
Fair value hedges:
Interest rate swaps on investment securities (3)
927,407 — — 927,407 — — 
Interest rate swaps on borrowings (3)
1,100,000 4,836 — 1,100,000 665 — 
Total$16,463 $1,667 $4,155 $11,196 
(1)Derivative assets are included in other assets on the balance sheet.
(2)Derivative liabilities are included in other liabilities on the balance sheet.
(3)The fair values of certain counterparty interest rate swaps are zero due to the settlement of centrally cleared variation margin rules.
Schedule of Derivative Instruments Effect on Consolidated Statement of Income
The effect of derivative instruments in fair value hedging relationships on the consolidated statements of income were as follows:
(dollars in thousands)Gain (Loss)
Recognized
in Income on
Related
Hedged
Items
Derivatives in
Fair Value Hedging
Relationships		Location of Gain or
(Loss) Recognized in
Income on Derivative		Gain (Loss)
Recognized
in Income on
Derivative		Hedged Items
in Fair Value
Hedging
Relationships		Location of Gain or
(Loss) Recognized in
in Income on Related
Hedged Item
Year Ended
December 31, 2025
Interest rate contractsInterest income/(expense)$15,810 Fixed-rate debtInterest income/(expense)$(15,811)
Interest rate contractsInterest income/(expense)(26,403)Fixed-rate
investment
securities		Interest income/(expense)26,403 
Total$(10,593)$10,592 
Year Ended
December 31, 2024
Interest rate contractsInterest income/(expense)$(10,124)Fixed-rate debtInterest income/(expense)$10,053 
Interest rate contractsInterest income/(expense)31,371 Fixed-rate
investment
securities		Interest income/(expense)(31,018)
Total$21,247 $(20,965)
Year Ended
December 31, 2023
Interest rate contractsInterest income/(expense)$(1,769)Fixed-rate debtInterest income/(expense)$1,684 
Interest rate contractsInterest income/(expense)(52,625)Fixed-rate
investment
securities		Interest income/(expense)52,148 
Total$(54,394)$53,832 
The effect of derivative instruments in cash flow hedging relationships on the consolidated statements of income were as follows:
  Years Ended December 31,Years Ended December 31,
(dollars in thousands) 202520242023202520242023
Derivatives in
Cash Flow Hedging
Relationships		Location of Gain or
(Loss) Reclassified
from AOCI into Income		Gain (Loss)
Recognized in Other
Comprehensive
Income on Derivative		Gain (Loss)
Reclassified from
AOCI into
Income
Interest rate contractsInterest income/(expense)$10,961 $(25,987)$28,029 $(14,899)$(21,809)$11,621 
The effect of derivatives not designated as hedging instruments on the consolidated statements of income were as follows:
Years Ended December 31,
(dollars in thousands) 202520242023
Derivatives Not Designated as
Hedging Instruments		Location of Gain or (Loss)
Recognized in Income on
Derivative		Gain (Loss)
Recognized in Income on
Derivative
Interest rate contracts (1)
Other income/(expense)$(358)$52 $457 
Mortgage contractsMortgage banking revenue(848)334 (401)
Foreign currency contractsOther income/(expense)(27)(50)(45)
Total $(1,233)$336 $11 
(1)Includes the valuation differences between the customer and offsetting swaps.
Summary of Derivatives Not Designated as Hedging Instruments
The following table summarizes Old National’s derivatives not designated as hedges:
December 31, 2025December 31, 2024
Fair ValueFair Value
(dollars in thousands)Notional
Assets (1)
Liabilities (2)
Notional
Assets (1)
Liabilities (2)
Interest rate lock commitments$81,698 $583 $— $57,380 $— $166 
Forward mortgage loan contracts120,584 — 402 88,808 807 — 
Customer interest rate swaps9,939,577 76,026 180,367 6,255,123 12,827 219,926 
Counterparty interest rate swaps (3)
9,939,577 77,597 76,442 6,255,123 128,469 12,902 
Customer foreign currency contracts12,086 106 27 10,265 28 121 
Counterparty foreign currency contracts11,656 53 63 10,093 192 2 
Total$154,365 $257,301 $142,323 $233,117 
(1)Derivative assets are included in other assets on the balance sheet.
(2)Derivative liabilities are included in other liabilities on the balance sheet.
(3)The fair values of certain counterparty interest rate swaps are zero due to the settlement of centrally-cleared variation margin rules.
Schedule of Offsetting Assets The following table presents the fair value of the Company’s derivatives and offsetting positions:
December 31, 2025December 31, 2024
(dollars in thousands)AssetsLiabilitiesAssetsLiabilities
Gross amounts recognized$170,828 $258,968 $146,478 $244,313 
Less: amounts offset in the Consolidated Balance Sheet— — — — 
Net amount presented in the Consolidated Balance Sheet170,828 258,968 146,478 244,313 
Gross amounts not offset in the Consolidated Balance Sheet
Offsetting derivative positions(78,172)(78,172)(24,098)(24,098)
Cash collateral received or pledged(17,670)(28,689)— (112,499)
Net credit exposure$74,986 $152,107 $122,380 $107,716 
Schedule of Offsetting Liabilities The following table presents the fair value of the Company’s derivatives and offsetting positions:
December 31, 2025December 31, 2024
(dollars in thousands)AssetsLiabilitiesAssetsLiabilities
Gross amounts recognized$170,828 $258,968 $146,478 $244,313 
Less: amounts offset in the Consolidated Balance Sheet— — — — 
Net amount presented in the Consolidated Balance Sheet170,828 258,968 146,478 244,313 
Gross amounts not offset in the Consolidated Balance Sheet
Offsetting derivative positions(78,172)(78,172)(24,098)(24,098)
Cash collateral received or pledged(17,670)(28,689)— (112,499)
Net credit exposure$74,986 $152,107 $122,380 $107,716