Old National Bancorp (NASDAQ:ONB) reports 3Q25 net income applicable to common shares of $178.5 million, diluted EPS of $0.46; $231.3 million and $0.59 on an adjusted1 basis, respectively.
CEO COMMENTARY:
"Old National's outstanding quarterly results reflect our continued focus on the fundamentals and the benefits from our recent partnership with Bremer Bank," said Chairman and CEO Jim Ryan. "Furthermore, with conversion activities related to our Bremer partnership now complete, Old National is exceptionally well positioned for the remainder of 2025 and beyond."
THIRD QUARTER HIGHLIGHTS2:
Net Income
Net income applicable to common shares of $178.5 million; adjusted net income applicable to common shares1 of $231.3 million
Earnings per diluted common share ("EPS") of $0.46; adjusted EPS1 of $0.59
Net Interest Income/NIM
Net interest income on a fully taxable equivalent basis1 of $582.6 million
Net interest margin on a fully taxable equivalent basis1 ("NIM") of 3.64%, up 11 basis points ("bps")
Operating Performance
Pre-provision net revenue1 ("PPNR") of $267.3 million; adjusted PPNR1 of $336.6 million, up 16%
Noninterest expense of $445.7 million; adjusted noninterest expense1 of $376.5 million
Efficiency ratio1 of 58.8%; adjusted efficiency ratio1 of 48.1%
Deposits and Funding
Period-end total deposits of $55.0 billion, up 4.8% annualized; core deposits up 5.8% annualized
Granular low-cost deposit franchise; total deposit costs of 197 bps, up 4 bps
Loans and Credit Quality
End-of-period total loans3 of $48.0 billion, up 0.6% annualized
End-of-period total loans3 up 3.1% annualized excluding loans acquired from Bremer
Provision for credit losses4 ("provision") of $26.7 million
Net charge-offs of $30.0 million, or 25 bps of average loans; 17 bps excluding purchased credit deteriorated ("PCD") loans that had an allowance at acquisition
30+ day delinquencies of 0.18% and nonaccrual loans of 1.23% of total loans
Return Profile & Capital
Return on average tangible common equity1 ("ROATCE") of 15.9%; adjusted ROATCE1 of 20.1%
Preliminary regulatory Tier 1 common equity to risk-weighted assets of 11.02%, up 28 bps
Notable Items
$69.3 million of pre-tax merger-related charges
1 Non-GAAP financial measure that management believes is useful in evaluating the financial results of the Company, refer to the Non-GAAP reconciliations contained in this release 2 Comparisons are on a linked-quarter basis, unless otherwise noted 3 Includes loans held-for-sale 4 Includes the provision for unfunded commitments
RESULTS OF OPERATIONS2Old National Bancorp reported third quarter 2025 net income applicable to common shares of $178.5 million, or $0.46 per diluted common share.
Included in third quarter results were pre-tax charges of $69.3 million for merger-related expenses. Excluding these items and realized debt securities losses from the current quarter, adjusted net income1 was $231.3 million, or $0.59 per diluted common share.
DEPOSITS AND FUNDINGGrowth in core deposits driven by growth from both existing and new commercial clients.
Period-end total deposits were $55.0 billion, up 4.8% annualized; core deposits up 5.8% annualized.
On average, total deposits for the third quarter were $54.9 billion, up $5.1 billion.
Granular low-cost deposit franchise; total deposit costs of 197 bps, up 4 bps.
A loan to deposit ratio of 87%, combined with existing funding sources, provides strong liquidity.
LOANSLoan growth driven by strong commercial loan production partially offset by proactive portfolio actions.
Period-end total loans3 were $48.0 billion, up 0.6% annualized.
Excluding loans3 acquired in the Bremer transaction, period-end total loans were up 3.1% annualized.
Total commercial loan production in the third quarter was $2.8 billion, up 20% from the second quarter of 2025; period-end commercial pipeline totaled $4.2 billion.
Average total loans in the third quarter were $48.2 billion, an increase of $4.1 billion.
CREDIT QUALITYResilient credit quality continues to be a hallmark of Old National.
Provision4 expense was $26.7 million compared to $106.8 million, or $31.2 million excluding $75.6 million of current expected credit loss ("CECL") Day 1 non-PCD provision expense related to the allowance for credit losses established on acquired non-PCD loans (including unfunded loan commitments) in the Bremer transaction in the second quarter of 2025.
Net charge-offs were $30.0 million, or 25 bps of average loans, compared to 24 bps in the prior quarter.
Excluding PCD loans that had an allowance for credit losses established at acquisition, net charge-offs to average loans were 17 bps compared to 21 bps in the prior quarter.
30+ day delinquencies as a percentage of loans were 0.18% compared to 0.30%.
Nonaccrual loans as a percentage of total loans were 1.23% compared to 1.24%.
The allowance for credit losses, including the allowance for credit losses on unfunded loan commitments, stood at $604.5 million, or 1.26% of total loans, compared to $594.7 million, or 1.24% of total loans.
NET INTEREST INCOME AND MARGINHigher reflective of larger balance sheet and higher asset yields.
Net interest income on a fully taxable equivalent basis1 increased to $582.6 million compared to $521.9 million, driven by the full quarter impact of Bremer, higher asset yields and more days in the quarter, partly offset by higher funding costs.
Net interest margin on a fully taxable equivalent basis1 increased 11 bps to 3.64%.
Cost of total deposits was 1.97%, increasing 4 bps and the cost of total interest-bearing deposits increased 5 bps to 2.57%.
NONINTEREST INCOMEIncrease driven by full quarter impact of Bremer, organic growth and record capital markets revenue.
Total noninterest income was $130.5 million compared to $132.5 million, or $111.6 million excluding a $21.0 million pre-tax gain associated with the freezing of benefits of the Bremer pension plan in the second quarter of 2025.
Excluding the pension plan gain in the second quarter of 2025 and realized debt securities losses, noninterest income was up 16.9% driven by the full quarter impact of Bremer, organic growth and record capital markets revenue.
NONINTEREST EXPENSEHigher reflective of the full quarter impact of Bremer, disciplined expense management drives adjusted efficiency ratio lower.
Noninterest expense was $445.7 million and included $69.3 million of merger-related charges.
Excluding merger-related charges, adjusted noninterest expense1 was $376.5 million, compared to $343.6 million, driven by the full quarter impact of Bremer.
The efficiency ratio1 was 58.8%, while the adjusted efficiency ratio1 was 48.1% compared to 55.8% and 50.2%, respectively.
INCOME TAXES
Income tax expense was $50.0 million, resulting in an effective tax rate of 21.5% compared to 19.5%. On an adjusted fully taxable equivalent ("FTE") basis, the effective tax rate was 24.0% compared to 24.6%.
The effective tax rate for the second quarter of 2025 was impacted by the Bremer transaction.
Income tax expense included $7.8 million of tax credit benefit compared to $5.8 million.
CAPITALCapital ratios remain strong.
Preliminary total risk-based capital up 19 bps to 12.78% and preliminary regulatory Tier 1 capital up 29 bps to 11.49%, as strong retained earnings drive capital.
Tangible common equity to tangible assets was 7.53%, up 3.7%.
The Company repurchased 1.1 million shares of common stock during the quarter.
CONFERENCE CALL AND WEBCASTOld National will host a conference call and live webcast at 9:00 a.m. Central Time on Wednesday, October 22, 2025, to review third quarter financial results. The live audio webcast link and corresponding presentation slides will be available on the Company's Investor Relations website at oldnational.com and will be archived there for 12 months. To listen to the live conference call, dial U.S. (800) 715-9871 or International (646) 307-1963, access code 9394540. The telephone replay will be available approximately one hour after completion of the call until midnight Eastern Time on November 5, 2025. To access the replay, dial U.S. (800) 770-2030 or International (609) 800-9909; Access code 9394540.
ABOUT OLD NATIONALOld National Bancorp (NASDAQ:ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $71 billion of assets and $38 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" - an honor reserved for the 50 most community-minded companies in the United States.
USE OF NON-GAAP FINANCIAL MEASURESThe Company's accounting and reporting policies conform to U.S. generally accepted accounting principles ("GAAP") and general practices within the banking industry. As a supplement to GAAP, the Company provides non-GAAP performance results, which the Company believes are useful because they assist investors in assessing the Company's operating performance. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables at the end of this release.
The Company presents EPS, the efficiency ratio, return on average common equity, return on average tangible common equity, and net income applicable to common shares, all adjusted for certain notable items. These items include merger-related charges associated with completed and pending acquisitions, CECL Day 1 non-PCD provision expense, a pension plan gain, debt securities gains/losses, separation expense, distribution of excess pension assets expense, and FDIC special assessment expense. Management believes excluding these items from EPS, the efficiency ratio, return on average common equity, and return on average tangible common equity may be useful in assessing the Company's underlying operational performance since these items do not pertain to its core business operations and their exclusion may facilitate better comparability between periods. Management believes that excluding merger-related charges from these metrics may be useful to the Company, as well as analysts and investors, since these expenses can vary significantly based on the size, type, and structure of each acquisition. Additionally, management believes excluding these items from these metrics may enhance comparability for peer comparison purposes.
Income tax expense, provision for credit losses, and the certain notable items listed above are excluded from the calculation of pre-provision net revenues, adjusted due to the fluctuation in income before income tax and the level of provision for credit losses required. Management believes adjusted pre-provision net revenues may be useful in assessing the Company's underlying operating performance and their exclusion may facilitate better comparability between periods and for peer comparison purposes.
The Company presents adjusted noninterest expense, which excludes merger-related charges associated with completed and pending acquisitions, separation expense, distribution of excess pension assets expense, and FDIC special assessment expense, as well as adjusted noninterest income, which excludes a pension plan gain and debt securities gains/losses. Management believes that excluding these items from noninterest expense and noninterest income may be useful in assessing the Company's underlying operational performance as these items either do not pertain to its core business operations or their exclusion may facilitate better comparability between periods and for peer comparison purposes.
The tax-equivalent adjustment to net interest income and net interest margin recognizes the income tax savings when comparing taxable and tax-exempt assets. Interest income and yields on tax-exempt securities and loans are presented using the current federal income tax rate of 21%. Management believes that it is standard practice in the banking industry to present net interest income and net interest margin on a fully tax-equivalent basis and that it may enhance comparability for peer comparison purposes.
In management's view, tangible common equity measures are capital adequacy metrics that may be meaningful to the Company, as well as analysts and investors, in assessing the Company's use of equity and in facilitating comparisons with peers. These non-GAAP measures are valuable indicators of a financial institution's capital strength since they eliminate intangible assets from stockholders' equity and retain the effect of accumulated other comprehensive loss in stockholders' equity.
Although intended to enhance investors' understanding of the Company's business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. In addition, these non-GAAP financial measures may differ from those used by other financial institutions to assess their business and performance. See the following reconciliations in the "Non-GAAP Reconciliations" section for details on the calculation of these measures to the extent presented herein.
FORWARD-LOOKING STATEMENTS This earnings release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"), Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements made by us that are not statements of historical fact and constitute forward‐looking statements within the meaning of the Act. These statements include, but are not limited to, descriptions of Old National's financial condition, results of operations, asset and credit quality trends, profitability and business plans or opportunities. Forward-looking statements can be identified by the use of words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "guidance," "intend," "may," "outlook," "plan," "potential," "predict," "should," "would," and "will," and other words of similar meaning. These forward-looking statements express management's current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those in such statements, including, but not limited to: competition; government legislation, regulations and policies, including trade and tariff policies; the ability of Old National to execute its business plan; unanticipated changes in our liquidity position, including but not limited to changes in our access to sources of liquidity and capital to address our liquidity needs; changes in economic conditions and economic and business uncertainty which could materially impact credit quality trends and the ability to generate loans and gather deposits; inflation and governmental responses to inflation, including increasing interest rates; market, economic, operational, liquidity, credit, and interest rate risks associated with our business; our ability to successfully manage our credit risk and the sufficiency of our allowance for credit losses; the expected cost savings, synergies and other financial benefits from the merger (the "Merger") between Old National and Bremer not being realized within the expected time frames and costs or difficulties relating to integration matters being greater than expected; potential adverse reactions or changes to business or employee relationships, including those resulting from the Merger; the impact of purchase accounting with respect to the Merger, or any change in the assumptions used regarding the assets acquired and liabilities assumed to determine their fair value and credit marks; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, the success of revenue-generating and cost reduction initiatives and the diversion of management's attention from ongoing business operations and opportunities; failure or circumvention of our internal controls; operational risks or risk management failures by us or critical third parties, including without limitation with respect to data processing, information systems, cybersecurity, technological changes, vendor issues, business interruption, and fraud risks; significant changes in accounting, tax or regulatory practices or requirements; new legal obligations or liabilities; disruptive technologies in payment systems and other services traditionally provided by banks; failure or disruption of our information systems; computer hacking and other cybersecurity threats; the effects of climate change on Old National and its customers, borrowers, or service providers; the impacts of pandemics, epidemics and other infectious disease outbreaks; other matters discussed in this earnings release; and other factors identified in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. These forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Old National does not undertake an obligation to update these forward-looking statements to reflect events or conditions after the date of this earnings release. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC.
CONTACTS:
Media: Rick Jillson
Investors: Lynell Durchholz
(812) 465-7267
(812) 464-1366
Financial Highlights (unaudited)
($ and shares in thousands, except per share data)
Three Months Ended
Nine Months Ended
September 30,
June 30,
March 31,
December 31,
September 30,
September 30,
September 30,
2025
2025
2025
2024
2024
2025
2024
Income Statement
Net interest income
$
574,609
$
514,790
$
387,643
$
394,180
$
391,724
$
1,477,042
$
1,136,603
FTE adjustment1,3
7,975
7,063
5,360
5,777
6,144
20,398
18,737
Net interest income - tax equivalent basis3
582,584
521,853
393,003
399,957
397,868
1,497,440
1,155,340
Provision for credit losses
26,738
106,835
31,403
27,017
28,497
164,976
83,602
Noninterest income
130,461
132,517
93,794
95,766
94,138
356,772
258,931
Noninterest expense
445,734
384,766
268,471
276,824
272,283
1,098,971
817,599
Net income available to common shareholders
$
178,533
$
121,375
$
140,625
$
149,839
$
139,768
$
440,533
$
373,214
Per Common Share Data
Weighted average diluted shares
390,496
361,436
321,016
318,803
317,331
357,278
308,605
EPS, diluted
$
0.46
$
0.34
$
0.44
$
0.47
$
0.44
$
1.23
$
1.21
Cash dividends
0.14
0.14
0.14
0.14
0.14
0.42
0.42
Dividend payout ratio2
30
%
41
%
32
%
30
%
32
%
34
%
35
%
Book value
$
20.64
$
20.12
$
19.71
$
19.11
$
19.20
$
20.64
$
19.20
Stock price
21.95
21.34
21.19
21.71
18.66
21.95
18.66
Tangible book value3
13.15
12.60
12.54
11.91
11.97
13.15
11.97
Performance Ratios
ROAA
1.03
%
0.77
%
1.08
%
1.14
%
1.08
%
0.95
%
0.99
%
ROAE
9.0
%
6.7
%
9.1
%
9.8
%
9.4
%
8.3
%
8.8
%
ROATCE3
15.9
%
12.0
%
15.0
%
16.4
%
16.0
%
14.3
%
15.0
%
NIM (FTE)3
3.64
%
3.53
%
3.27
%
3.30
%
3.32
%
3.50
%
3.31
%
Efficiency ratio3
58.8
%
55.8
%
53.7
%
54.4
%
53.8
%
56.4
%
56.4
%
NCOs to average loans
0.25
%
0.24
%
0.24
%
0.21
%
0.19
%
0.24
%
0.16
%
ACL on loans to EOP loans
1.19
%
1.18
%
1.10
%
1.08
%
1.05
%
1.19
%
1.05
%
ACL4to EOP loans
1.26
%
1.24
%
1.16
%
1.14
%
1.12
%
1.26
%
1.12
%
NPLs to EOP loans
1.23
%
1.24
%
1.29
%
1.23
%
1.22
%
1.23
%
1.22
%
Balance Sheet (EOP)
Total loans
$
47,967,915
$
47,902,819
$
36,413,944
$
36,285,887
$
36,400,643
$
47,967,915
$
36,400,643
Total assets
71,210,162
70,979,805
53,877,944
53,552,272
53,602,293
71,210,162
53,602,293
Total deposits
55,006,184
54,357,683
41,034,572
40,823,560
40,845,746
55,006,184
40,845,746
Total borrowed funds
6,766,381
7,346,098
5,447,054
5,411,537
5,449,096
6,766,381
5,449,096
Total shareholders' equity
8,309,271
8,126,387
6,534,654
6,340,350
6,367,298
8,309,271
6,367,298
Capital Ratios3
Risk-based capital ratios (EOP):
Tier 1 common equity
11.02
%
10.74
%
11.62
%
11.38
%
11.00
%
11.02
%
11.00
%
Tier 1 capital
11.49
%
11.20
%
12.23
%
11.98
%
11.60
%
11.49
%
11.60
%
Total capital
12.78
%
12.59
%
13.68
%
13.37
%
12.94
%
12.78
%
12.94
%
Leverage ratio (average assets)
8.72
%
9.26
%
9.44
%
9.21
%
9.05
%
8.72
%
9.05
%
Equity to assets (averages)
11.48
%
11.38
%
12.01
%
11.78
%
11.60
%
11.59
%
11.41
%
TCE to TA
7.53
%
7.26
%
7.76
%
7.41
%
7.44
%
7.53
%
7.44
%
Nonfinancial Data
Full-time equivalent employees
5,243
5,313
4,028
4,066
4,105
5,243
4,105
Banking centers
351
351
280
280
280
351
280
1Calculated using the federal statutory tax rate in effect of 21% for all periods.
2Cash dividends per common share divided by net income per common share (basic).
3Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.
4Includes the allowance for credit losses on loans and unfunded loan commitments.
September 30, 2025 capital ratios are preliminary.
FTE - Fully taxable equivalent basis ROAA - Return on average assets ROAE - Return on average equity ROATCE - Return on average tangible common equity NCOs - Net Charge-offs ACL - Allowance for Credit Losses EOP - End of period actual balances NPLs - Non-performing Loans TCE - Tangible common equity TA - Tangible assets
Income Statement (unaudited)
($ and shares in thousands, except per share data)
Three Months Ended
Nine Months Ended
September 30,
June 30,
March 31,
December 31,
September 30,
September 30,
September 30,
2025
2025
2025
2024
2024
2025
2024
Interest income
$
917,192
$
824,961
$
630,399
$
662,082
$
679,925
$
2,372,552
$
1,939,569
Less: interest expense
342,583
310,171
242,756
267,902
288,201
895,510
802,966
Net interest income
574,609
514,790
387,643
394,180
391,724
1,477,042
1,136,603
Provision for credit losses
26,738
106,835
31,403
27,017
28,497
164,976
83,602
Net interest incomeafter provision for credit losses
547,871
407,955
356,240
367,163
363,227
1,312,066
1,053,001
Wealth and investment services fees
39,684
35,817
29,648
30,012
29,117
105,149
86,779
Service charges on deposit accounts
27,856
23,878
21,156
20,577
20,350
72,890
57,598
Debit card and ATM fees
13,197
12,922
9,991
10,991
11,362
36,110
32,409
Mortgage banking revenue
10,442
10,032
6,879
7,026
7,669
27,353
19,211
Capital markets income
12,629
7,114
4,506
5,244
7,426
24,249
15,055
Company-owned life insurance
7,565
6,625
5,381
6,499
5,315
19,571
14,488
Other income
19,081
36,170
16,309
15,539
12,975
71,560
33,481
Debt securities gains (losses), net
7
(41
)
(76
)
(122
)
(76
)
(110
)
(90
)
Total noninterest income
130,461
132,517
93,794
95,766
94,138
356,772
258,931
Salaries and employee benefits
211,345
202,112
148,305
146,605
147,494
561,762
456,490
Occupancy
34,442
30,432
29,053
29,733
27,130
93,927
80,696
Equipment
12,703
12,566
8,901
9,325
9,888
34,170
27,263
Marketing
15,093
13,759
11,940
12,653
11,036
40,792
32,954
Technology
36,122
31,452
22,020
21,429
23,343
89,594
67,368
Communication
7,742
5,014
4,134
4,176
4,681
16,890
13,161
Professional fees
13,598
21,931
7,919
11,055
7,278
43,448
24,236
FDIC assessment
14,095
13,409
9,700
11,970
11,722
37,204
32,711
Amortization of intangibles
26,184
19,630
6,830
7,237
7,411
52,644
20,291
Amortization of tax credit investments
7,057
5,815
3,424
4,556
3,277
16,296
8,773
Other expense
67,353
28,646
16,245
18,085
19,023
112,244
53,656
Total noninterest expense
445,734
384,766
268,471
276,824
272,283
1,098,971
817,599
Income before income taxes
232,598
155,706
181,563
186,105
185,082
569,867
494,333
Income tax expense
50,031
30,298
36,904
32,232
41,280
117,233
109,018
Net income
$
182,567
$
125,408
$
144,659
$
153,873
$
143,802
$
452,634
$
385,315
Preferred dividends
(4,034
)
(4,033
)
(4,034
)
(4,034
)
(4,034
)
(12,101
)
(12,101
)
Net income applicable to common shares
$
178,533
$
121,375
$
140,625
$
149,839
$
139,768
$
440,533
$
373,214
EPS, diluted
$
0.46
$
0.34
$
0.44
$
0.47
$
0.44
$
1.23
$
1.21
Weighted Average Common Shares Outstanding
Basic
389,038
360,155
315,925
315,673
315,622
355,307
307,426
Diluted
390,496
361,436
321,016
318,803
317,331
357,278
308,605
(EOP)
390,768
391,818
319,236
318,980
318,955
390,768
318,955
End of Period Balance Sheet (unaudited)
($ in thousands)
September 30,
June 30,
March 31,
December 31,
September 30,
2025
2025
2025
2024
2024
Assets
Cash and due from banks
$
491,910
$
637,556
$
486,061
$
394,450
$
498,120
Money market and other interest-earning investments
1,190,707
1,171,015
753,719
833,518
693,450
Investments:
Treasury and government-sponsored agencies
2,402,375
2,445,733
2,364,170
2,289,903
2,335,716
Mortgage-backed securities
10,117,015
9,632,206
6,458,023
6,175,103
6,085,826
States and political subdivisions
1,579,802
1,590,272
1,589,555
1,637,379
1,665,128
Other securities
849,911
852,687
755,348
781,656
783,079
Total investments
14,949,103
14,520,898
11,167,096
10,884,041
10,869,749
Loans held-for-sale, at fair value
80,341
77,618
40,424
34,483
62,376
Loans:
Commercial
14,506,375
14,662,916
10,650,615
10,288,560
10,408,095
Commercial and agriculture real estate
22,083,734
21,879,785
16,135,327
16,307,486
16,356,216
Residential real estate
8,190,127
8,212,242
6,771,694
6,797,586
6,757,896
Consumer
3,187,679
3,147,876
2,856,308
2,892,255
2,878,436
Total loans
47,967,915
47,902,819
36,413,944
36,285,887
36,400,643
Allowance for credit losses on loans
(572,178
)
(565,109
)
(401,932
)
(392,522
)
(380,840
)
Premises and equipment, net
691,950
682,539
584,664
588,970
599,528
Goodwill and other intangible assets
2,926,960
2,944,372
2,289,268
2,296,098
