Old National Bancorp (ONB) Financials

$20.67 -0.93 (-4.31%)

Closing price 04:00 PM Eastern

Extended Trading

$20.66 -0.01 (-0.05%)

As of 05:41 PM Eastern

Annual Income Statements for Old National Bancorp

This table shows Old National Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	523	566	414	278	226	238	191	96	134	117
Consolidated Net Income / (Loss)	539	582	428	278	226	238	191	96	134	117
Net Income / (Loss) Continuing Operations	539	582	428	278	226	238	191	96	134	117
Total Pre-Tax Income	680	751	545	339	256	290	209	169	200	163
Total Revenue	1,885	1,836	1,728	811	835	804	733	621	656	597
Net Interest Income / (Expense)	1,531	1,503	1,328	596	596	604	538	437	403	366
Total Interest Income	2,602	2,207	1,454	639	663	730	632	495	447	399
Loans and Leases Interest Income	2,139	1,815	1,178	490	516	570	508	389	349	-
Investment Securities Interest Income	416	352	274	148	147	159	123	106	98	399
Deposits and Money Market Investments Interest Income	46	40	2.81	0.59	0.57	1.67	0.63	0.26	0.13	-
Total Interest Expense	1,071	704	126	42	67	126	94	58	44	33
Deposits Interest Expense	846	484	49	11	28	69	41	20	17	14
Long-Term Debt Interest Expense	219	205	71	31	37	49	46	35	25	17
Federal Funds Purchased and Securities Sold Interest Expense	6.01	15	5.86	0.40	2.15	8.17	6.76	3.24	2.18	1.75
Total Non-Interest Income	355	333	400	214	239	199	195	183	253	231
Trust Fees by Commissions	117	108	101	65	58	59	57	58	53	52
Service Charges on Deposit Accounts	78	72	73	32	33	45	44	41	42	-
Other Service Charges	119	98	95	81	103	69	62	59	82	140
Net Realized & Unrealized Capital Gains on Investments	-0.21	15	91	4.33	11	1.92	16	9.14	64	22
Other Non-Interest Income	41	40	41	33	35	25	16	15	12	16
Provision for Credit Losses	111	59	145	-30	43	4.75	6.97	3.05	0.96	2.92
Total Non-Interest Expense	1,094	1,026	1,038	501	537	508	517	449	454	431
Salaries and Employee Benefits	603	546	576	284	294	289	281	247	253	244
Net Occupancy & Equipment Expense	236	219	213	119	113	110	51	92	96	94
Marketing Expense	46	40	32	13	11	16	16	13	15	10
Property & Liability Insurance Claims	45	57	19	6.06	6.72	6.03	11	9.48	8.68	7.50
Other Operating Expenses	124	125	161	62	80	68	121	63	69	64
Amortization Expense	28	24	26	11	33	17	14	12	13	12
Other Special Charges	13	15	11	6.77	-	2.75	23	12	-	-
Income Tax Expense	141	169	116	61	29	52	18	73	66	46
Preferred Stock Dividends Declared	16	16	14	0.00	0.00	-	-	-	-	-
Basic Earnings per Share	$1.69	$1.95	$1.51	$1.68	$1.37	$1.39	$1.23	$0.69	$1.05	$1.01
Weighted Average Basic Shares Outstanding	309.50M	290.75M	275.18M	165.18M	165.51M	171.91M	155.68M	137.82M	127.71M	115.73M
Diluted Earnings per Share	$1.68	$1.94	$1.50	$1.67	$1.36	$1.38	$1.22	$0.69	$1.05	$1.00
Weighted Average Diluted Shares Outstanding	311.00M	291.86M	276.69M	165.93M	166.18M	172.69M	156.54M	138.51M	128.30M	116.26M
Weighted Average Basic & Diluted Shares Outstanding	318.98M	292.70M	292.92M	165.85M	165.38M	169.05M	155.10M	138.70M	127.90M	115.60M
Cash Dividends to Common per Share	$0.56	$0.56	$0.56	$0.56	$0.56	$0.52	$0.52	$0.52	$0.52	$0.48

This table shows Old National Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	141	150	140	117	116	128	144	151	143	197	136
Consolidated Net Income / (Loss)	145	154	144	121	120	132	148	155	147	201	140
Net Income / (Loss) Continuing Operations	145	154	144	121	120	132	148	155	147	201	140
Total Pre-Tax Income	182	186	185	156	153	169	192	202	188	262	179
Total Revenue	481	490	486	476	434	465	456	464	452	556	457
Net Interest Income / (Expense)	388	394	392	388	356	364	375	382	381	391	377
Total Interest Income	630	662	680	664	596	590	577	545	496	458	407
Loans and Leases Interest Income	516	545	561	546	487	481	474	450	410	377	331
Investment Securities Interest Income	106	104	107	107	99	95	89	86	82	81	74
Deposits and Money Market Investments Interest Income	8.82	13	12	11	9.99	14	13	8.97	3.10	-0.26	0.94
Total Interest Expense	243	268	288	275	240	225	201	163	114	67	30
Deposits Interest Expense	190	215	230	216	185	173	147	101	63	30	11
Long-Term Debt Interest Expense	50	52	58	57	52	51	52	55	46	32	18
Federal Funds Purchased and Securities Sold Interest Expense	2.18	0.61	0.90	2.63	1.88	0.92	1.62	6.56	5.62	4.86	0.83
Total Non-Interest Income	94	96	94	87	78	100	81	82	71	165	80
Trust Fees by Commissions	30	30	29	29	28	28	27	27	27	26	25
Service Charges on Deposit Accounts	21	21	20	19	18	19	19	18	17	18	20
Other Service Charges	33	34	32	28	25	24	26	26	22	22	23
Net Realized & Unrealized Capital Gains on Investments	-0.08	-0.12	-0.08	0.00	-0.02	21	-0.24	0.02	-5.22	91	-0.17
Other Non-Interest Income	9.89	12	13	10	6.33	9.19	9.63	11	10	8.49	12
Provision for Credit Losses	31	27	28	36	19	12	19	15	13	11	15
Total Non-Interest Expense	268	277	272	283	262	284	245	247	251	283	262
Salaries and Employee Benefits	148	147	147	159	150	142	132	136	137	142	147
Net Occupancy & Equipment Expense	60	60	60	59	56	56	55	54	55	54	54
Marketing Expense	12	13	11	11	11	11	9.45	9.83	9.42	8.51	10
Property & Liability Insurance Claims	9.70	12	12	9.68	11	28	9.00	9.62	10	5.81	6.25
Other Operating Expenses	28	33	31	33	27	35	31	29	30	60	35
Amortization Expense	6.83	7.24	7.41	7.43	5.46	5.87	6.04	6.06	6.19	6.79	7.09
Other Special Charges	3.42	4.56	3.28	2.75	2.75	7.20	2.64	2.76	2.76	5.26	2.66
Income Tax Expense	37	32	41	35	32	36	44	47	41	61	39
Preferred Stock Dividends Declared	4.03	4.03	4.03	4.03	4.03	4.03	4.03	4.03	4.03	4.03	4.03
Basic Earnings per Share	$0.45	$0.48	$0.44	$0.37	$0.40	$0.45	$0.49	$0.52	$0.49	$0.79	$0.47
Weighted Average Basic Shares Outstanding	315.93M	309.50M	315.62M	315.59M	290.98M	290.75M	290.65M	290.56M	291.09M	275.18M	290.96M
Diluted Earnings per Share	$0.44	$0.47	$0.44	$0.37	$0.40	$0.44	$0.49	$0.52	$0.49	$0.78	$0.47
Weighted Average Diluted Shares Outstanding	321.02M	311.00M	317.33M	316.46M	292.21M	291.86M	291.72M	291.27M	292.76M	276.69M	292.48M
Weighted Average Basic & Diluted Shares Outstanding	319.75M	318.98M	318.97M	318.97M	318.97M	292.70M	292.62M	292.59M	292.60M	292.92M	292.89M
Cash Dividends to Common per Share	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14

This table details how cash moves in and out of Old National Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	53	447	-94	232	313	-41	27	35	36	-20
Net Cash From Operating Activities	622	516	814	330	220	234	234	250	25	124
Net Cash From Continuing Operating Activities	622	516	814	330	220	234	234	250	25	124
Net Income / (Loss) Continuing Operations	539	582	428	278	226	238	191	96	134	117
Consolidated Net Income / (Loss)	539	582	428	278	226	238	191	96	134	117
Provision For Loan Losses	111	59	145	-30	43	4.75	-	3.05	0.96	2.92
Depreciation Expense	38	38	36	27	29	27	24	22	17	14
Amortization Expense	51	47	56	34	52	39	52	39	31	30
Non-Cash Adjustments to Reconcile Net Income	-26	-29	-85	-1.05	-40	-76	-41	24	-186	-27
Changes in Operating Assets and Liabilities, net	-90	-181	234	22	-90	1.65	9.17	66	28	-13
Net Cash From Investing Activities	-1,372	-1,819	-1,686	-1,432	-2,141	-525	-271	-536	-641	-501
Net Cash From Continuing Investing Activities	-1,372	-1,819	-1,686	-1,432	-2,141	-525	-271	-536	-641	-501
Purchase of Property, Leasehold Improvements and Equipment	-30	-38	-38	-49	-31	-37	-33	-37	-225	-86
Purchase of Investment Securities	-3,078	-3,888	-4,835	-3,127	-4,458	-2,224	-1,000	-1,368	-2,070	-1,585
Sale of Property, Leasehold Improvements and Equipment	1.59	3.51	4.48	29	7.83	3.77	7.34	19	6.33	7.71
Divestitures	178	0.00	1,913	0.00	0.00	-	61	-	92	-
Sale and/or Maturity of Investments	1,557	2,104	1,561	1,714	2,339	1,732	694	850	1,545	1,159
Other Investing Activities, net	0.00	0.00	-291	0.00	0.00	-	-	-	10	3.55
Net Cash From Financing Activities	803	1,749	777	1,334	2,235	251	64	321	652	357
Net Cash From Continuing Financing Activities	803	1,749	777	1,334	2,235	251	64	321	652	357
Net Change in Deposits	1,028	2,234	-436	1,532	2,484	203	262	85	490	89
Issuance of Debt	1,400	2,700	2,900	50	950	575	995	1,205	925	575
Issuance of Common Equity	1.03	1.08	0.81	0.58	0.58	0.57	0.50	0.40	0.39	0.39
Repayment of Debt	-1,410	-2,381	-1,925	-112	-675	-382	-1,003	-968	-595	-229
Repurchase of Common Equity	-8.88	-44	-71	-3.73	-82	-102	-1.81	-2.76	-2.04	-89
Payment of Dividends	-191	-180	-178	-93	-93	-89	-82	-73	-68	-56
Other Financing Activities, Net	-16	-581	487	-40	-349	46	-106	74	-99	66

This table details how cash moves in and out of Old National Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	12	36	-41	294	-236	-488	466	84	386	-73	3.65
Net Cash From Operating Activities	108	236	121	161	104	73	229	161	54	127	248
Net Cash From Continuing Operating Activities	108	236	121	161	104	73	229	161	54	127	248
Net Income / (Loss) Continuing Operations	145	154	144	121	120	132	148	155	147	201	140
Consolidated Net Income / (Loss)	145	154	144	121	120	132	148	155	147	201	140
Provision For Loan Losses	31	27	28	36	19	12	19	15	13	11	15
Depreciation Expense	9.55	9.66	9.50	9.27	9.68	10	9.78	9.27	9.12	9.54	9.15
Amortization Expense	13	15	14	13	9.34	12	10	12	13	16	15
Non-Cash Adjustments to Reconcile Net Income	-3.04	16	-16	-22	-3.05	-28	2.38	-15	12	-66	-7.97
Changes in Operating Assets and Liabilities, net	-87	14	-58	4.13	-51	-65	39	-15	-140	-45	77
Net Cash From Investing Activities	-271	-117	-298	-191	-766	-257	-270	-651	-640	-807	-600
Net Cash From Continuing Investing Activities	-271	-117	-298	-191	-766	-257	-270	-651	-640	-807	-600
Purchase of Property, Leasehold Improvements and Equipment	-5.80	-6.76	-5.67	-9.37	-8.48	-10	-11	-6.95	-10	-9.16	-11
Purchase of Investment Securities	-682	-468	-593	-890	-1,127	-869	-1,013	-1,130	-875	-708	-1,111
Sale of Property, Leasehold Improvements and Equipment	1.19	-	1.59	-	0.00	-	1.14	0.96	1.41	1.28	0.45
Sale and/or Maturity of Investments	416	357	299	531	369	622	753	485	244	199	522
Net Cash From Financing Activities	174	-82	135	323	426	-304	507	574	972	607	355
Net Cash From Continuing Financing Activities	174	-82	135	323	426	-304	507	574	972	607	355
Net Change in Deposits	211	-22	847	-261	464	-17	1,021	1,314	-83	-671	515
Issuance of Debt	301	-	-300	950	750	250	-150	700	1,900	1,450	100
Issuance of Common Equity	0.25	0.25	0.25	0.27	0.27	0.28	0.26	0.27	0.26	0.25	0.23
Repayment of Debt	-276	99	-252	-483	-775	-491	-305	-830	-754	-403	-476
Repurchase of Common Equity	-14	-0.14	-0.29	-1.28	-7.18	-0.04	-0.45	-0.11	-44	-0.25	-0.53
Payment of Dividends	-49	-49	-49	-49	-45	-45	-45	-45	-45	-45	-45
Other Financing Activities, Net	-0.22	-111	-111	166	39	-0.53	-14	-564	-2.32	275	261
Cash Interest Paid	258	-	285	271	242	-	197	149	105	-	31
Cash Income Taxes Paid	2.17	-	16	36	2.43	-	71	86	1.18	-	15

This table presents Old National Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	53,552	49,090	46,763	24,454	22,961	20,412	19,728	17,518	14,860	11,992
Cash and Due from Banks	394	431	453	173	268	235	284	223	209	91
Interest Bearing Deposits at Other Banks	834	744	275	649	322	42	33	68	46	129
Trading Account Securities	7,585	6,825	9,927	7,431	6,036	5,439	4,650	3,886	3,547	3,294
Loans and Leases, Net of Allowance	35,893	32,684	30,820	13,495	13,655	-55	12,188	11,068	8,961	6,896
Loans and Leases	36,286	32,992	31,124	13,602	13,786	-	12,244	11,118	9,011	6,948
Allowance for Loan and Lease Losses	393	308	304	107	131	55	55	50	50	52
Premises and Equipment, Net	589	565	557	476	464	491	486	458	430	197
Goodwill	2,175	1,999	1,999	1,037	1,037	1,037	1,036	828	655	585
Intangible Assets	121	102	126	35	46	60	77	53	38	35
Other Assets	5,961	5,739	2,605	1,158	1,132	13,163	973	917	858	740
Total Liabilities & Shareholders' Equity	53,552	49,090	46,763	24,454	22,961	20,412	19,728	17,518	14,860	11,992
Total Liabilities	47,212	43,527	41,635	21,442	19,988	17,559	17,039	15,364	13,046	10,500
Non-Interest Bearing Deposits	9,399	9,664	11,931	6,303	5,634	4,042	3,965	3,681	3,016	2,489
Interest Bearing Deposits	31,425	27,571	23,070	12,266	11,404	10,511	10,385	8,925	7,727	5,912
Federal Funds Purchased and Securities Sold	0.39	0.39	581	0.28	1.17	350	270	335	213	291
Short-Term Debt	959	1,050	433	689	431	328	610	634	586	606
Long-Term Debt	4,453	4,281	4,572	1,886	2,244	2,067	1,613	1,610	1,353	1,023
Other Long-Term Liabilities	977	961	1,048	297	274	261	195	180	150	179
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,340	5,563	5,129	3,012	2,973	2,852	2,690	2,154	1,814	1,491
Total Preferred & Common Equity	6,340	5,563	5,129	3,012	2,973	2,852	2,690	2,154	1,814	1,491
Preferred Stock	231	231	231	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	6,110	5,332	4,898	3,012	2,973	2,852	2,690	2,154	1,814	1,491
Common Stock	4,890	4,453	4,467	2,046	2,041	2,114	2,207	1,792	1,483	1,202
Retained Earnings	1,966	1,619	1,217	968	784	682	528	413	390	324
Accumulated Other Comprehensive Income / (Loss)	-746	-739	-786	-2.38	148	56	-45	-50	-59	-35

This table presents Old National Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	53,878	53,602	53,120	49,535	49,059	48,497	47,843	46,216
Cash and Due from Banks	486	498	429	351	381	473	387	467
Interest Bearing Deposits at Other Banks	754	693	804	589	1,282	725	727	335
Trading Account Securities	10,829	10,553	10,244	6,896	6,485	6,572	6,759	10,011
Loans and Leases, Net of Allowance	36,012	36,020	35,784	33,304	32,274	32,132	31,524	30,227
Loans and Leases	36,414	36,401	36,151	33,623	32,578	32,432	31,822	30,529
Allowance for Loan and Lease Losses	402	381	366	320	304	301	299	302
Premises and Equipment, Net	585	600	602	564	566	564	567	588
Goodwill	2,175	2,177	2,171	1,999	1,999	1,999	1,999	2,003
Intangible Assets	114	128	135	97	108	114	120	133
Other Assets	2,923	2,933	2,951	5,736	5,843	5,803	5,750	2,432
Total Liabilities & Shareholders' Equity	53,878	53,602	53,120	49,535	49,059	48,497	47,843	46,216
Total Liabilities	47,343	47,235	47,045	43,940	43,820	43,205	42,565	41,272
Non-Interest Bearing Deposits	9,186	9,429	9,336	9,258	10,091	10,533	10,995	12,400
Interest Bearing Deposits	31,848	31,416	30,663	28,442	27,161	25,698	23,923	23,654
Federal Funds Purchased and Securities Sold	0.17	135	250	50	0.92	136	619	301
Short-Term Debt	290	245	241	1,088	1,143	1,127	1,140	438
Long-Term Debt	5,157	5,069	5,594	4,193	4,413	4,771	4,982	3,526
Other Long-Term Liabilities	862	940	960	909	1,011	939	907	954
Total Equity & Noncontrolling Interests	6,535	6,367	6,075	5,595	5,240	5,292	5,277	4,943
Total Preferred & Common Equity	6,535	6,367	6,075	5,595	5,240	5,292	5,277	4,943
Preferred Stock	231	231	231	231	231	231	231	231
Total Common Equity	6,304	6,137	5,845	5,365	5,009	5,062	5,047	4,713
Common Stock	4,891	4,880	4,870	4,451	4,447	4,442	4,437	4,459
Retained Earnings	2,061	1,861	1,766	1,694	1,531	1,429	1,319	1,062
Accumulated Other Comprehensive Income / (Loss)	-649	-604	-791	-780	-969	-809	-708	-808

This table displays calculated financial ratios and metrics derived from Old National Bancorp's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.67%	6.30%	113.14%	-2.96%	3.95%	9.64%	18.11%	-5.34%	9.85%	12.28%
EBITDA Growth	-8.03%	31.37%	58.95%	19.16%	-5.56%	25.23%	23.73%	-7.43%	19.68%	15.92%
EBIT Growth	-9.43%	37.92%	60.75%	32.60%	-11.99%	39.14%	23.73%	-15.85%	23.04%	14.74%
NOPAT Growth	-7.35%	35.89%	54.32%	22.58%	-4.95%	24.83%	99.35%	-28.70%	15.03%	12.59%
Net Income Growth	-7.35%	35.89%	54.32%	22.58%	-4.95%	24.83%	99.35%	-28.70%	15.03%	12.59%
EPS Growth	-13.40%	29.33%	-10.18%	22.79%	-1.45%	13.11%	76.81%	-34.29%	5.00%	5.26%
Operating Cash Flow Growth	20.52%	-36.60%	146.51%	50.30%	-5.96%	-0.28%	-6.27%	908.11%	-79.95%	-37.92%
Free Cash Flow Firm Growth	-78.77%	95.67%	-1,316.23%	293.63%	-83.43%	70.65%	40.76%	-9.91%	-634.39%	89.56%
Invested Capital Growth	7.87%	7.50%	81.38%	-1.08%	7.65%	6.79%	11.73%	17.16%	20.29%	6.29%
Revenue Q/Q Growth	1.37%	-4.75%	26.12%	-2.57%	2.83%	-0.96%	5.93%	-1.47%	4.15%	1.02%
EBITDA Q/Q Growth	2.71%	-10.41%	47.03%	-4.47%	7.95%	3.74%	6.80%	-5.67%	2.78%	1.97%
EBIT Q/Q Growth	2.63%	-11.05%	55.23%	-2.91%	7.48%	3.53%	16.02%	-13.47%	2.34%	2.54%
NOPAT Q/Q Growth	4.13%	-10.50%	50.94%	-6.07%	12.38%	0.71%	52.86%	-35.18%	1.11%	2.40%
Net Income Q/Q Growth	4.13%	-10.50%	50.94%	-6.07%	12.38%	0.71%	52.86%	-35.18%	1.11%	2.40%
EPS Q/Q Growth	1.82%	-14.91%	41.51%	-5.65%	12.40%	0.73%	54.43%	-36.70%	-1.87%	2.04%
Operating Cash Flow Q/Q Growth	35.47%	-9.51%	8.15%	-14.37%	12.31%	21.19%	-2.23%	71.91%	-80.02%	-6.18%
Free Cash Flow Firm Q/Q Growth	13.57%	85.59%	-34.97%	-8.22%	-759.60%	88.66%	-47.02%	-353.91%	5.83%	62.61%
Invested Capital Q/Q Growth	0.60%	0.92%	13.77%	0.27%	0.04%	-3.26%	13.03%	9.91%	0.56%	1.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	40.80%	45.54%	36.85%	49.41%	40.24%	44.29%	38.78%	37.02%	37.86%	34.75%
EBIT Margin	36.09%	40.91%	31.53%	41.80%	30.59%	36.13%	28.47%	27.18%	30.57%	27.30%
Profit (Net Income) Margin	28.60%	31.69%	24.79%	34.24%	27.10%	29.64%	26.04%	15.43%	20.48%	19.56%
Tax Burden Percent	79.24%	77.46%	78.62%	81.90%	88.59%	82.04%	91.45%	56.75%	66.99%	71.65%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.76%	22.54%	21.38%	18.10%	11.41%	17.96%	8.55%	43.25%	33.01%	28.35%
Return on Invested Capital (ROIC)	4.76%	5.54%	5.45%	4.94%	4.16%	4.69%	4.10%	2.35%	3.91%	3.85%
ROIC Less NNEP Spread (ROIC-NNEP)	4.76%	5.54%	5.45%	4.94%	4.16%	4.69%	4.10%	2.35%	3.91%	3.85%
Return on Net Nonoperating Assets (RNNOA)	4.30%	5.35%	5.07%	4.33%	3.62%	3.91%	3.78%	2.48%	4.22%	4.04%
Return on Equity (ROE)	9.06%	10.89%	10.52%	9.28%	7.77%	8.60%	7.88%	4.82%	8.12%	7.89%
Cash Return on Invested Capital (CROIC)	-2.81%	-1.70%	-52.39%	6.03%	-3.21%	-1.88%	-6.98%	-13.45%	-14.52%	-2.24%
Operating Return on Assets (OROA)	1.33%	1.57%	1.53%	1.43%	1.18%	1.45%	1.12%	1.04%	1.49%	1.38%
Return on Assets (ROA)	1.05%	1.21%	1.20%	1.17%	1.04%	1.19%	1.02%	0.59%	1.00%	0.99%
Return on Common Equity (ROCE)	8.71%	10.42%	10.22%	9.28%	7.77%	8.60%	7.88%	4.82%	8.12%	7.89%
Return on Equity Simple (ROE_SIMPLE)	8.50%	10.46%	8.35%	9.21%	7.62%	8.35%	7.10%	4.44%	7.40%	7.83%
Net Operating Profit after Tax (NOPAT)	539	582	428	278	226	238	191	96	134	117
NOPAT Margin	28.60%	31.69%	24.79%	34.24%	27.10%	29.64%	26.04%	15.43%	20.48%	19.56%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	46.91%	43.84%	47.51%	51.24%	49.98%	51.66%	47.50%	56.77%	55.51%	58.32%
Operating Expenses to Revenue	58.04%	55.88%	60.09%	61.85%	64.28%	63.28%	70.58%	72.33%	69.28%	72.21%
Earnings before Interest and Taxes (EBIT)	680	751	545	339	256	290	209	169	200	163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	769	836	637	401	336	356	284	230	248	207
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.13	0.90	1.00	0.91	0.82	0.93	0.72	0.89	1.06	0.79
Price to Tangible Book Value (P/TBV)	1.82	1.48	1.77	1.42	1.29	1.52	1.24	1.50	1.71	1.34
Price to Revenue (P/Rev)	3.67	2.61	2.85	3.40	2.91	3.31	2.66	3.08	2.93	1.96
Price to Earnings (P/E)	13.24	8.47	11.88	9.92	10.74	11.18	10.22	19.96	14.30	10.03
Dividend Yield	2.58%	3.42%	3.33%	3.37%	3.81%	3.32%	4.06%	3.69%	3.65%	4.69%
Earnings Yield	7.56%	11.80%	8.42%	10.08%	9.31%	8.94%	9.79%	5.01%	6.99%	9.97%
Enterprise Value to Invested Capital (EV/IC)	0.96	0.84	0.93	0.81	0.80	0.91	0.78	0.88	0.96	0.83
Enterprise Value to Revenue (EV/Rev)	6.01	5.00	5.46	5.56	5.41	5.95	5.26	6.23	5.50	4.32
Enterprise Value to EBITDA (EV/EBITDA)	14.74	10.98	14.81	11.25	13.44	13.43	13.57	16.82	14.52	12.44
Enterprise Value to EBIT (EV/EBIT)	16.66	12.22	17.31	13.30	17.68	16.47	18.48	22.90	17.98	15.84
Enterprise Value to NOPAT (EV/NOPAT)	21.03	15.77	22.01	16.24	19.96	20.07	20.21	40.36	26.84	22.11
Enterprise Value to Operating Cash Flow (EV/OCF)	18.22	17.78	11.58	13.64	20.55	20.45	16.45	15.45	145.28	20.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	13.31	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.96	0.98	0.85	0.90	0.84	0.83	1.04	1.07	1.09
Long-Term Debt to Equity	0.70	0.77	0.89	0.63	0.76	0.72	0.60	0.75	0.75	0.69
Financial Leverage	0.90	0.97	0.93	0.88	0.87	0.83	0.92	1.05	1.08	1.05
Leverage Ratio	8.62	8.97	8.75	7.92	7.45	7.24	7.69	8.16	8.12	7.99
Compound Leverage Factor	8.62	8.97	8.75	7.92	7.45	7.24	7.69	8.16	8.12	7.99
Debt to Total Capital	46.05%	48.93%	49.39%	46.09%	47.37%	45.63%	45.26%	51.01%	51.66%	52.21%
Short-Term Debt to Total Capital	8.16%	9.64%	4.27%	12.33%	7.63%	6.25%	12.42%	14.41%	15.61%	19.41%
Long-Term Debt to Total Capital	37.89%	39.30%	45.12%	33.76%	39.73%	39.39%	32.84%	36.60%	36.05%	32.80%
Preferred Equity to Total Capital	1.96%	2.12%	2.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	51.99%	48.95%	48.34%	53.91%	52.63%	54.37%	54.74%	48.99%	48.34%	47.79%
Debt to EBITDA	7.03	6.37	7.86	6.43	7.96	6.73	7.82	9.76	7.81	7.86
Net Debt to EBITDA	5.44	4.97	6.72	4.38	6.20	5.95	6.71	8.50	6.78	6.80
Long-Term Debt to EBITDA	5.79	5.12	7.18	4.71	6.68	5.81	5.68	7.01	5.45	4.94
Debt to NOPAT	10.04	9.16	11.69	9.28	11.82	10.05	11.65	23.43	14.44	13.96
Net Debt to NOPAT	7.76	7.14	9.98	6.32	9.21	8.89	9.99	20.40	12.54	12.07
Long-Term Debt to NOPAT	8.26	7.36	10.68	6.80	9.91	8.68	8.46	16.81	10.08	8.77
Noncontrolling Interest Sharing Ratio	3.87%	4.31%	2.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-319	-178	-4,118	339	-175	-95	-325	-548	-499	-68
Operating Cash Flow to CapEx	2,169.45%	1,481.10%	2,436.87%	1,698.79%	953.87%	694.59%	899.83%	1,336.56%	11.36%	158.77%
Free Cash Flow to Firm to Interest Expense	-0.30	-0.25	-32.61	8.01	-2.60	-0.76	-3.44	-9.43	-11.23	-2.05
Operating Cash Flow to Interest Expense	0.58	0.73	6.45	7.82	3.27	1.85	2.48	4.30	0.56	3.74
Operating Cash Flow Less CapEx to Interest Expense	0.55	0.68	6.19	7.36	2.93	1.59	2.21	3.98	-4.36	1.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.05	0.03	0.04	0.04	0.04	0.04	0.05	0.05
Fixed Asset Turnover	3.27	3.27	3.34	1.72	1.75	1.65	1.55	1.40	2.09	3.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,752	10,894	10,133	5,587	5,648	5,247	4,913	4,398	3,754	3,120
Invested Capital Turnover	0.17	0.17	0.22	0.14	0.15	0.16	0.16	0.15	0.19	0.20
Increase / (Decrease) in Invested Capital	858	760	4,546	-61	401	334	516	644	633	185
Enterprise Value (EV)	11,337	9,181	9,427	4,507	4,518	4,781	3,856	3,863	3,604	2,580
Market Capitalization	6,923	4,794	4,920	2,754	2,432	2,663	1,949	1,910	1,921	1,171
Book Value per Share	$19.15	$18.22	$16.72	$18.17	$17.98	$16.78	$17.65	$15.90	$13.44	$13.02
Tangible Book Value per Share	$11.96	$11.04	$9.47	$11.70	$11.43	$10.32	$10.35	$9.40	$8.31	$7.61
Total Capital	11,752	10,894	10,133	5,587	5,648	5,247	4,913	4,398	3,754	3,120
Total Debt	5,411	5,331	5,005	2,575	2,675	2,394	2,224	2,243	1,939	1,629
Total Long-Term Debt	4,453	4,281	4,572	1,886	2,244	2,067	1,613	1,610	1,353	1,023
Net Debt	4,183	4,156	4,276	1,753	2,086	2,118	1,906	1,953	1,684	1,409
Capital Expenditures (CapEx)	29	35	33	19	23	34	26	19	218	78
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	5,411	5,331	5,005	2,575	2,675	2,394	2,224	2,243	1,939	1,629
Total Depreciation and Amortization (D&A)	89	85	92	62	81	66	76	61	48	44
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.69	$0.00	$1.51	$1.68	$1.37	$1.39	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	309.50M	0.00	275.18M	165.18M	165.51M	171.91M	155.68M	137.82M	127.71M	115.73M
Adjusted Diluted Earnings per Share	$1.68	$0.00	$1.50	$1.67	$1.36	$1.38	$1.22	$0.69	$1.05	$1.00
Adjusted Weighted Average Diluted Shares Outstanding	311.00M	0.00	276.69M	165.93M	166.18M	172.69M	156.54M	138.51M	128.30M	116.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.39	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	318.98M	0.00	292.92M	165.85M	165.38M	169.05M	175.16M	152.06M	135.20M	114.31M
Normalized Net Operating Profit after Tax (NOPAT)	550	594	437	283	226	240	212	102	134	117
Normalized NOPAT Margin	29.16%	32.34%	25.29%	34.92%	27.10%	29.92%	28.90%	16.50%	20.48%	19.56%
Pre Tax Income Margin	36.09%	40.91%	31.53%	41.80%	30.59%	36.13%	28.47%	27.18%	30.57%	27.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.64	1.07	4.31	8.02	3.80	2.30	2.21	2.90	4.51	4.93
NOPAT to Interest Expense	0.50	0.83	3.39	6.57	3.37	1.89	2.02	1.65	3.02	3.53
EBIT Less CapEx to Interest Expense	0.61	1.02	4.05	7.56	3.46	2.04	1.93	2.58	-0.40	2.57
NOPAT Less CapEx to Interest Expense	0.48	0.78	3.13	6.11	3.03	1.62	1.74	1.32	-1.89	1.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.45%	30.93%	41.47%	33.45%	41.05%	37.56%	43.05%	75.85%	50.30%	47.60%
Augmented Payout Ratio	37.10%	38.55%	58.09%	34.79%	77.43%	80.56%	44.00%	78.73%	51.82%	123.59%

This table displays calculated financial ratios and metrics derived from Old National Bancorp's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.94%	5.48%	6.54%	2.56%	-4.02%	-16.48%	-0.21%	8.72%	56.99%	180.50%	121.74%
EBITDA Growth	18.75%	10.65%	-1.80%	-20.40%	-18.08%	-33.78%	4.48%	36.95%	1,283.30%	242.34%	93.99%
EBIT Growth	18.85%	10.34%	-3.69%	-22.70%	-18.75%	-35.63%	7.34%	44.64%	617.96%	283.99%	100.21%
NOPAT Growth	20.26%	16.15%	-2.76%	-21.81%	-17.95%	-34.00%	5.51%	34.83%	676.94%	257.26%	95.35%
Net Income Growth	20.26%	16.15%	-2.76%	-21.81%	-17.95%	-34.00%	5.51%	34.83%	631.43%	257.26%	95.35%
EPS Growth	10.00%	6.82%	-10.20%	-28.85%	-18.37%	-43.59%	4.26%	36.84%	476.92%	129.41%	9.30%
Operating Cash Flow Growth	3.82%	223.72%	-46.98%	-0.03%	94.14%	-42.71%	-7.92%	-42.03%	-66.67%	93.46%	149.73%
Free Cash Flow Firm Growth	-249.40%	-12.14%	57.31%	61.94%	138.41%	85.55%	45.55%	58.57%	58.66%	-3,806.36%	-2,300.18%
Invested Capital Growth	10.16%	7.87%	8.21%	6.44%	-4.59%	7.50%	21.19%	18.27%	19.01%	81.38%	59.85%
Revenue Q/Q Growth	-1.74%	0.84%	2.14%	9.61%	-6.57%	1.86%	-1.68%	2.57%	-18.69%	21.70%	7.12%
EBITDA Q/Q Growth	-3.22%	1.13%	16.91%	3.78%	-9.82%	-10.25%	-5.23%	6.81%	-27.11%	41.61%	24.22%
EBIT Q/Q Growth	-2.44%	0.55%	18.28%	2.43%	-9.43%	-12.23%	-5.06%	7.66%	-28.25%	46.36%	27.93%
NOPAT Q/Q Growth	-5.99%	7.00%	18.62%	0.79%	-9.21%	-10.41%	-4.62%	5.75%	-26.97%	43.23%	21.89%
Net Income Q/Q Growth	-5.99%	7.00%	18.62%	0.79%	-9.21%	-10.41%	-4.62%	5.75%	-26.97%	43.23%	21.89%
EPS Q/Q Growth	-6.38%	6.82%	18.92%	-7.50%	-9.09%	-10.20%	-5.77%	6.12%	-37.18%	65.96%	23.68%
Operating Cash Flow Q/Q Growth	-54.10%	94.33%	-24.64%	54.44%	43.12%	-68.17%	42.09%	199.93%	-57.76%	-48.84%	-10.55%
Free Cash Flow Firm Q/Q Growth	-36.47%	5.21%	-24.02%	-193.13%	202.44%	63.91%	-10.57%	6.03%	61.47%	-36.02%	15.88%
Invested Capital Q/Q Growth	1.96%	0.60%	-1.92%	9.51%	-0.16%	0.92%	-3.53%	-1.83%	12.49%	13.77%	-5.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.37%	43.02%	42.90%	37.48%	39.58%	41.01%	46.54%	48.29%	46.37%	51.73%	44.46%
EBIT Margin	37.71%	37.98%	38.09%	32.90%	35.20%	36.31%	42.14%	43.65%	41.58%	47.12%	39.18%
Profit (Net Income) Margin	30.05%	31.41%	29.60%	25.48%	27.72%	28.52%	32.43%	33.43%	32.42%	36.10%	30.67%
Tax Burden Percent	79.67%	82.68%	77.70%	77.47%	78.73%	78.54%	76.95%	76.59%	77.97%	76.60%	78.28%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.33%	17.32%	22.30%	22.53%	21.27%	21.46%	23.05%	23.41%	22.03%	23.40%	21.72%
Return on Invested Capital (ROIC)	5.08%	5.23%	4.90%	4.04%	4.53%	4.98%	6.35%	6.24%	5.85%	7.93%	5.80%
ROIC Less NNEP Spread (ROIC-NNEP)	5.08%	5.23%	4.90%	4.04%	4.53%	4.98%	6.35%	6.24%	5.85%	7.93%	5.80%
Return on Net Nonoperating Assets (RNNOA)	4.49%	4.72%	4.59%	4.17%	4.75%	4.82%	5.93%	6.19%	5.82%	7.39%	4.73%
Return on Equity (ROE)	9.58%	9.95%	9.49%	8.21%	9.27%	9.80%	12.28%	12.44%	11.67%	15.32%	10.53%
Cash Return on Invested Capital (CROIC)	-4.74%	-2.81%	-3.28%	-1.72%	9.68%	-1.70%	-12.56%	-10.52%	-11.62%	-52.39%	-42.15%
Operating Return on Assets (OROA)	1.41%	1.40%	1.38%	1.18%	1.31%	1.39%	1.71%	1.79%	1.68%	2.29%	1.53%
Return on Assets (ROA)	1.12%	1.15%	1.07%	0.92%	1.04%	1.09%	1.31%	1.37%	1.31%	1.75%	1.20%
Return on Common Equity (ROCE)	9.21%	9.56%	9.11%	7.87%	8.88%	9.38%	11.72%	11.88%	11.16%	14.89%	10.23%
Return on Equity Simple (ROE_SIMPLE)	8.62%	0.00%	8.13%	8.59%	9.93%	0.00%	12.41%	12.14%	11.42%	0.00%	5.74%
Net Operating Profit after Tax (NOPAT)	145	154	144	121	120	132	148	155	147	201	140
NOPAT Margin	30.05%	31.41%	29.60%	25.48%	27.72%	28.52%	32.43%	33.43%	32.42%	36.10%	30.67%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	45.74%	44.85%	45.05%	48.29%	49.81%	44.83%	42.91%	43.02%	44.60%	36.86%	46.30%
Operating Expenses to Revenue	55.76%	56.50%	56.04%	59.49%	60.44%	61.19%	53.68%	53.17%	55.45%	50.83%	57.43%
Earnings before Interest and Taxes (EBIT)	182	186	185	156	153	169	192	202	188	262	179
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	204	211	208	178	172	191	212	224	210	288	203
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	1.13	0.89	0.94	0.94	0.90	0.82	0.78	0.80	1.00	0.96
Price to Tangible Book Value (P/TBV)	1.68	1.82	1.43	1.55	1.55	1.48	1.42	1.33	1.38	1.77	1.76
Price to Revenue (P/Rev)	3.50	3.67	2.94	3.00	2.78	2.61	2.13	2.04	2.13	2.85	3.31
Price to Earnings (P/E)	12.35	13.24	10.89	10.84	9.36	8.47	6.49	6.28	6.88	11.88	16.57
Dividend Yield	2.64%	2.58%	3.00%	3.26%	3.24%	3.42%	3.98%	4.16%	4.07%	3.33%	3.62%
Earnings Yield	8.10%	7.56%	9.18%	9.22%	10.68%	11.80%	15.42%	15.92%	14.54%	8.42%	6.04%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.96	0.84	0.87	0.88	0.84	0.76	0.79	0.81	0.93	0.89
Enterprise Value to Revenue (EV/Rev)	5.79	6.01	5.28	5.64	5.29	5.00	4.27	4.60	4.90	5.46	5.79
Enterprise Value to EBITDA (EV/EBITDA)	13.97	14.74	13.10	13.70	12.05	10.98	8.82	9.59	10.73	14.81	18.30
Enterprise Value to EBIT (EV/EBIT)	15.79	16.66	14.80	15.39	13.44	12.22	9.75	10.66	12.05	17.31	22.59
Enterprise Value to NOPAT (EV/NOPAT)	19.87	21.03	18.95	19.77	17.32	15.77	12.66	13.80	15.39	22.01	27.93
Enterprise Value to Operating Cash Flow (EV/OCF)	17.88	18.22	21.37	18.20	16.98	17.78	14.43	15.02	13.11	11.58	10.53
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	8.92	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.83	0.85	0.83	0.96	0.94	0.96	1.06	1.11	1.16	0.98	0.80
Long-Term Debt to Equity	0.79	0.70	0.80	0.92	0.75	0.77	0.84	0.90	0.94	0.89	0.71
Financial Leverage	0.88	0.90	0.94	1.03	1.05	0.97	0.93	0.99	1.00	0.93	0.81
Leverage Ratio	8.53	8.62	8.84	8.94	8.96	8.97	9.36	9.09	8.91	8.75	8.80
Compound Leverage Factor	8.53	8.62	8.84	8.94	8.96	8.97	9.36	9.09	8.91	8.75	8.80
Debt to Total Capital	45.46%	46.05%	45.49%	48.99%	48.55%	48.93%	51.46%	52.71%	53.70%	49.39%	44.50%
Short-Term Debt to Total Capital	2.42%	8.16%	2.09%	2.02%	10.00%	9.64%	10.58%	10.07%	10.00%	4.27%	4.92%
Long-Term Debt to Total Capital	43.04%	37.89%	43.40%	46.97%	38.55%	39.30%	40.88%	42.64%	43.70%	45.12%	39.58%
Preferred Equity to Total Capital	1.92%	1.96%	1.97%	1.94%	2.12%	2.12%	2.14%	2.06%	2.02%	2.27%	2.59%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	52.62%	51.99%	52.54%	49.07%	49.33%	48.95%	46.40%	45.23%	44.28%	48.34%	52.91%
Debt to EBITDA	6.80	7.03	7.09	7.75	6.61	6.37	5.95	6.38	7.08	7.86	9.15
Net Debt to EBITDA	5.25	5.44	5.50	6.11	5.44	4.97	4.17	5.08	5.80	6.72	7.30
Long-Term Debt to EBITDA	6.43	5.79	6.77	7.43	5.25	5.12	4.73	5.16	5.77	7.18	8.14
Debt to NOPAT	9.67	10.04	10.26	11.18	9.50	9.16	8.54	9.18	10.16	11.69	13.97
Net Debt to NOPAT	7.47	7.76	7.96	8.82	7.81	7.14	5.98	7.32	8.31	9.98	11.14
Long-Term Debt to NOPAT	9.15	8.26	9.79	10.72	7.55	7.36	6.79	7.43	8.27	10.68	12.43
Noncontrolling Interest Sharing Ratio	3.80%	3.87%	3.97%	4.06%	4.24%	4.31%	4.53%	4.45%	4.39%	2.83%	2.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-961	-704	-743	-599	643	-628	-1,740	-1,573	-1,674	-4,346	-3,195
Operating Cash Flow to CapEx	2,346.27%	3,489.56%	2,972.70%	1,718.95%	1,228.87%	706.99%	2,403.35%	2,686.02%	593.51%	1,612.30%	2,294.57%
Free Cash Flow to Firm to Interest Expense	-3.96	-2.63	-2.58	-2.18	2.68	-2.79	-8.64	-9.67	-14.67	-65.12	-106.75
Operating Cash Flow to Interest Expense	0.45	0.88	0.42	0.58	0.44	0.32	1.14	0.99	0.47	1.90	8.30
Operating Cash Flow Less CapEx to Interest Expense	0.43	0.85	0.41	0.55	0.40	0.28	1.09	0.95	0.39	1.79	7.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.04
Fixed Asset Turnover	3.37	3.27	3.19	3.14	3.22	3.27	3.34	3.35	3.29	3.34	2.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,982	11,752	11,681	11,910	10,876	10,894	10,795	11,190	11,399	10,133	8,907
Invested Capital Turnover	0.17	0.17	0.17	0.16	0.16	0.17	0.20	0.19	0.18	0.22	0.19
Increase / (Decrease) in Invested Capital	1,105	858	887	720	-523	760	1,888	1,728	1,821	4,546	3,335
Enterprise Value (EV)	11,197	11,337	9,815	10,316	9,623	9,181	8,235	8,866	9,269	9,427	7,926
Market Capitalization	6,759	6,923	5,462	5,483	5,051	4,794	4,113	3,936	4,031	4,920	4,533
Book Value per Share	$19.76	$19.15	$20.97	$18.32	$18.44	$18.22	$17.12	$17.30	$17.23	$16.72	$16.09
Tangible Book Value per Share	$12.59	$11.96	$13.09	$11.09	$11.24	$11.04	$9.92	$10.08	$10.00	$9.47	$8.80
Total Capital	11,982	11,752	11,681	11,910	10,876	10,894	10,795	11,190	11,399	10,133	8,907
Total Debt	5,447	5,411	5,314	5,835	5,281	5,331	5,555	5,898	6,121	5,005	3,964
Total Long-Term Debt	5,157	4,453	5,069	5,594	4,193	4,281	4,413	4,771	4,982	4,572	3,526
Net Debt	4,207	4,183	4,122	4,602	4,341	4,156	3,892	4,700	5,008	4,276	3,162
Capital Expenditures (CapEx)	4.61	6.76	4.08	9.37	8.48	10	9.52	6.00	9.05	7.88	11
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	5,447	5,411	5,314	5,835	5,281	5,331	5,555	5,898	6,121	5,005	3,964
Total Depreciation and Amortization (D&A)	22	25	23	22	19	22	20	22	22	26	24
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.45	$0.48	$0.44	$0.37	$0.40	$0.45	$0.49	$0.52	$0.49	$0.79	$0.47
Adjusted Weighted Average Basic Shares Outstanding	315.93M	309.50M	315.62M	315.59M	290.98M	290.75M	290.65M	290.56M	291.09M	275.18M	290.96M
Adjusted Diluted Earnings per Share	$0.44	$0.47	$0.44	$0.37	$0.40	$0.44	$0.49	$0.52	$0.49	$0.78	$0.47
Adjusted Weighted Average Diluted Shares Outstanding	321.02M	311.00M	317.33M	316.46M	292.21M	291.86M	291.72M	291.27M	292.76M	276.69M	292.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	319.75M	318.98M	318.97M	318.97M	318.97M	292.70M	292.62M	292.59M	292.60M	292.92M	292.89M
Normalized Net Operating Profit after Tax (NOPAT)	147	158	146	123	122	138	150	157	149	205	142
Normalized NOPAT Margin	30.61%	32.18%	30.12%	25.93%	28.22%	29.74%	32.87%	33.88%	32.90%	36.82%	31.13%
Pre Tax Income Margin	37.71%	37.98%	38.09%	32.90%	35.20%	36.31%	42.14%	43.65%	41.58%	47.12%	39.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.75	0.69	0.64	0.57	0.64	0.75	0.95	1.24	1.65	3.93	5.98
NOPAT to Interest Expense	0.60	0.57	0.50	0.44	0.50	0.59	0.73	0.95	1.28	3.01	4.68
EBIT Less CapEx to Interest Expense	0.73	0.67	0.63	0.53	0.60	0.70	0.91	1.21	1.57	3.81	5.62
NOPAT Less CapEx to Interest Expense	0.58	0.55	0.48	0.41	0.47	0.54	0.69	0.92	1.20	2.89	4.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.56%	35.45%	36.20%	35.21%	32.39%	30.93%	27.68%	28.01%	29.87%	41.47%	54.94%
Augmented Payout Ratio	37.26%	37.10%	37.90%	36.92%	33.79%	38.55%	34.53%	34.95%	37.31%	58.09%	79.95%

Frequently Asked Questions About Old National Bancorp's Financials

When does Old National Bancorp's fiscal year end?

According to the most recent income statement we have on file, Old National Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Old National Bancorp's net income changed over the last 9 years?

Old National Bancorp's net income appears to be on an upward trend, with a most recent value of $539.19 million in 2024, rising from $116.72 million in 2015. The previous period was $581.99 million in 2023. See Old National Bancorp's forecast for analyst expectations on what’s next for the company.

How has Old National Bancorp revenue changed over the last 9 years?

Over the last 9 years, Old National Bancorp's total revenue changed from $596.75 million in 2015 to $1.89 billion in 2024, a change of 216.0%.

How much debt does Old National Bancorp have?

Old National Bancorp's total liabilities were at $47.21 billion at the end of 2024, a 8.5% increase from 2023, and a 349.6% increase since 2015.

How much cash does Old National Bancorp have?

In the past 9 years, Old National Bancorp's cash and equivalents has ranged from $91.31 million in 2015 to $453.43 million in 2022, and is currently $394.45 million as of their latest financial filing in 2024.

How has Old National Bancorp's book value per share changed over the last 9 years?

Over the last 9 years, Old National Bancorp's book value per share changed from 13.02 in 2015 to 19.15 in 2024, a change of 47.1%.

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This page (NASDAQ:ONB) was last updated on 5/21/2025 by MarketBeat.com Staff

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Old National Bancorp (ONB) Financials

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Old National Bancorp (ONB) Financials

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