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.
Quarterly Income Statements for Old National Bancorp
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 |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
136 |
197 |
143 |
151 |
144 |
128 |
116 |
117 |
140 |
150 |
141 |
Consolidated Net Income / (Loss) |
|
140 |
201 |
147 |
155 |
148 |
132 |
120 |
121 |
144 |
154 |
145 |
Net Income / (Loss) Continuing Operations |
|
140 |
201 |
147 |
155 |
148 |
132 |
120 |
121 |
144 |
154 |
145 |
Total Pre-Tax Income |
|
179 |
262 |
188 |
202 |
192 |
169 |
153 |
156 |
185 |
186 |
182 |
Total Revenue |
|
457 |
556 |
452 |
464 |
456 |
465 |
434 |
476 |
486 |
490 |
481 |
Net Interest Income / (Expense) |
|
377 |
391 |
381 |
382 |
375 |
364 |
356 |
388 |
392 |
394 |
388 |
Total Interest Income |
|
407 |
458 |
496 |
545 |
577 |
590 |
596 |
664 |
680 |
662 |
630 |
Loans and Leases Interest Income |
|
331 |
377 |
410 |
450 |
474 |
481 |
487 |
546 |
561 |
545 |
516 |
Investment Securities Interest Income |
|
74 |
81 |
82 |
86 |
89 |
95 |
99 |
107 |
107 |
104 |
106 |
Deposits and Money Market Investments Interest Income |
|
0.94 |
-0.26 |
3.10 |
8.97 |
13 |
14 |
9.99 |
11 |
12 |
13 |
8.82 |
Total Interest Expense |
|
30 |
67 |
114 |
163 |
201 |
225 |
240 |
275 |
288 |
268 |
243 |
Deposits Interest Expense |
|
11 |
30 |
63 |
101 |
147 |
173 |
185 |
216 |
230 |
215 |
190 |
Long-Term Debt Interest Expense |
|
18 |
32 |
46 |
55 |
52 |
51 |
52 |
57 |
58 |
52 |
50 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.83 |
4.86 |
5.62 |
6.56 |
1.62 |
0.92 |
1.88 |
2.63 |
0.90 |
0.61 |
2.18 |
Total Non-Interest Income |
|
80 |
165 |
71 |
82 |
81 |
100 |
78 |
87 |
94 |
96 |
94 |
Trust Fees by Commissions |
|
25 |
26 |
27 |
27 |
27 |
28 |
28 |
29 |
29 |
30 |
30 |
Service Charges on Deposit Accounts |
|
20 |
18 |
17 |
18 |
19 |
19 |
18 |
19 |
20 |
21 |
21 |
Other Service Charges |
|
23 |
22 |
22 |
26 |
26 |
24 |
25 |
28 |
32 |
34 |
33 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.17 |
91 |
-5.22 |
0.02 |
-0.24 |
21 |
-0.02 |
0.00 |
-0.08 |
-0.12 |
-0.08 |
Other Non-Interest Income |
|
12 |
8.49 |
10 |
11 |
9.63 |
9.19 |
6.33 |
10 |
13 |
12 |
9.89 |
Provision for Credit Losses |
|
15 |
11 |
13 |
15 |
19 |
12 |
19 |
36 |
28 |
27 |
31 |
Total Non-Interest Expense |
|
262 |
283 |
251 |
247 |
245 |
284 |
262 |
283 |
272 |
277 |
268 |
Salaries and Employee Benefits |
|
147 |
142 |
137 |
136 |
132 |
142 |
150 |
159 |
147 |
147 |
148 |
Net Occupancy & Equipment Expense |
|
54 |
54 |
55 |
54 |
55 |
56 |
56 |
59 |
60 |
60 |
60 |
Marketing Expense |
|
10 |
8.51 |
9.42 |
9.83 |
9.45 |
11 |
11 |
11 |
11 |
13 |
12 |
Property & Liability Insurance Claims |
|
6.25 |
5.81 |
10 |
9.62 |
9.00 |
28 |
11 |
9.68 |
12 |
12 |
9.70 |
Other Operating Expenses |
|
35 |
60 |
30 |
29 |
31 |
35 |
27 |
33 |
31 |
33 |
28 |
Amortization Expense |
|
7.09 |
6.79 |
6.19 |
6.06 |
6.04 |
5.87 |
5.46 |
7.43 |
7.41 |
7.24 |
6.83 |
Other Special Charges |
|
2.66 |
5.26 |
2.76 |
2.76 |
2.64 |
7.20 |
2.75 |
2.75 |
3.28 |
4.56 |
3.42 |
Income Tax Expense |
|
39 |
61 |
41 |
47 |
44 |
36 |
32 |
35 |
41 |
32 |
37 |
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 |
|
$0.47 |
$0.79 |
$0.49 |
$0.52 |
$0.49 |
$0.45 |
$0.40 |
$0.37 |
$0.44 |
$0.48 |
$0.45 |
Weighted Average Basic Shares Outstanding |
|
290.96M |
275.18M |
291.09M |
290.56M |
290.65M |
290.75M |
290.98M |
315.59M |
315.62M |
309.50M |
315.93M |
Diluted Earnings per Share |
|
$0.47 |
$0.78 |
$0.49 |
$0.52 |
$0.49 |
$0.44 |
$0.40 |
$0.37 |
$0.44 |
$0.47 |
$0.44 |
Weighted Average Diluted Shares Outstanding |
|
292.48M |
276.69M |
292.76M |
291.27M |
291.72M |
291.86M |
292.21M |
316.46M |
317.33M |
311.00M |
321.02M |
Weighted Average Basic & Diluted Shares Outstanding |
|
292.89M |
292.92M |
292.60M |
292.59M |
292.62M |
292.70M |
318.97M |
318.97M |
318.97M |
318.98M |
319.75M |
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 |
Annual Cash Flow Statements for Old National Bancorp
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 |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-20 |
36 |
35 |
27 |
-41 |
313 |
232 |
-94 |
447 |
53 |
Net Cash From Operating Activities |
|
124 |
25 |
250 |
234 |
234 |
220 |
330 |
814 |
516 |
622 |
Net Cash From Continuing Operating Activities |
|
124 |
25 |
250 |
234 |
234 |
220 |
330 |
814 |
516 |
622 |
Net Income / (Loss) Continuing Operations |
|
117 |
134 |
96 |
191 |
238 |
226 |
278 |
428 |
582 |
539 |
Consolidated Net Income / (Loss) |
|
117 |
134 |
96 |
191 |
238 |
226 |
278 |
428 |
582 |
539 |
Provision For Loan Losses |
|
2.92 |
0.96 |
3.05 |
- |
4.75 |
43 |
-30 |
145 |
59 |
111 |
Depreciation Expense |
|
14 |
17 |
22 |
24 |
27 |
29 |
27 |
36 |
38 |
38 |
Amortization Expense |
|
30 |
31 |
39 |
52 |
39 |
52 |
34 |
56 |
47 |
51 |
Non-Cash Adjustments to Reconcile Net Income |
|
-27 |
-186 |
24 |
-41 |
-76 |
-40 |
-1.05 |
-85 |
-29 |
-26 |
Changes in Operating Assets and Liabilities, net |
|
-13 |
28 |
66 |
9.17 |
1.65 |
-90 |
22 |
234 |
-181 |
-90 |
Net Cash From Investing Activities |
|
-501 |
-641 |
-536 |
-271 |
-525 |
-2,141 |
-1,432 |
-1,686 |
-1,819 |
-1,372 |
Net Cash From Continuing Investing Activities |
|
-501 |
-641 |
-536 |
-271 |
-525 |
-2,141 |
-1,432 |
-1,686 |
-1,819 |
-1,372 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-86 |
-225 |
-37 |
-33 |
-37 |
-31 |
-49 |
-38 |
-38 |
-30 |
Purchase of Investment Securities |
|
-1,585 |
-2,070 |
-1,368 |
-1,000 |
-2,224 |
-4,458 |
-3,127 |
-4,835 |
-3,888 |
-3,078 |
Sale of Property, Leasehold Improvements and Equipment |
|
7.71 |
6.33 |
19 |
7.34 |
3.77 |
7.83 |
29 |
4.48 |
3.51 |
1.59 |
Divestitures |
|
- |
92 |
- |
61 |
- |
0.00 |
0.00 |
1,913 |
0.00 |
178 |
Sale and/or Maturity of Investments |
|
1,159 |
1,545 |
850 |
694 |
1,732 |
2,339 |
1,714 |
1,561 |
2,104 |
1,557 |
Other Investing Activities, net |
|
3.55 |
10 |
- |
- |
- |
0.00 |
0.00 |
-291 |
0.00 |
0.00 |
Net Cash From Financing Activities |
|
357 |
652 |
321 |
64 |
251 |
2,235 |
1,334 |
777 |
1,749 |
803 |
Net Cash From Continuing Financing Activities |
|
357 |
652 |
321 |
64 |
251 |
2,235 |
1,334 |
777 |
1,749 |
803 |
Net Change in Deposits |
|
89 |
490 |
85 |
262 |
203 |
2,484 |
1,532 |
-436 |
2,234 |
1,028 |
Issuance of Debt |
|
575 |
925 |
1,205 |
995 |
575 |
950 |
50 |
2,900 |
2,700 |
1,400 |
Issuance of Common Equity |
|
0.39 |
0.39 |
0.40 |
0.50 |
0.57 |
0.58 |
0.58 |
0.81 |
1.08 |
1.03 |
Repayment of Debt |
|
-229 |
-595 |
-968 |
-1,003 |
-382 |
-675 |
-112 |
-1,925 |
-2,381 |
-1,410 |
Repurchase of Common Equity |
|
-89 |
-2.04 |
-2.76 |
-1.81 |
-102 |
-82 |
-3.73 |
-71 |
-44 |
-8.88 |
Payment of Dividends |
|
-56 |
-68 |
-73 |
-82 |
-89 |
-93 |
-93 |
-178 |
-180 |
-191 |
Other Financing Activities, Net |
|
66 |
-99 |
74 |
-106 |
46 |
-349 |
-40 |
487 |
-581 |
-16 |
Quarterly Cash Flow Statements for Old National Bancorp
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 |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
3.65 |
-73 |
386 |
84 |
466 |
-488 |
-236 |
294 |
-41 |
36 |
12 |
Net Cash From Operating Activities |
|
248 |
127 |
54 |
161 |
229 |
73 |
104 |
161 |
121 |
236 |
108 |
Net Cash From Continuing Operating Activities |
|
248 |
127 |
54 |
161 |
229 |
73 |
104 |
161 |
121 |
236 |
108 |
Net Income / (Loss) Continuing Operations |
|
140 |
201 |
147 |
155 |
148 |
132 |
120 |
121 |
144 |
154 |
145 |
Consolidated Net Income / (Loss) |
|
140 |
201 |
147 |
155 |
148 |
132 |
120 |
121 |
144 |
154 |
145 |
Provision For Loan Losses |
|
15 |
11 |
13 |
15 |
19 |
12 |
19 |
36 |
28 |
27 |
31 |
Depreciation Expense |
|
9.15 |
9.54 |
9.12 |
9.27 |
9.78 |
10 |
9.68 |
9.27 |
9.50 |
9.66 |
9.55 |
Amortization Expense |
|
15 |
16 |
13 |
12 |
10 |
12 |
9.34 |
13 |
14 |
15 |
13 |
Non-Cash Adjustments to Reconcile Net Income |
|
-7.97 |
-66 |
12 |
-15 |
2.38 |
-28 |
-3.05 |
-22 |
-16 |
16 |
-3.04 |
Changes in Operating Assets and Liabilities, net |
|
77 |
-45 |
-140 |
-15 |
39 |
-65 |
-51 |
4.13 |
-58 |
14 |
-87 |
Net Cash From Investing Activities |
|
-600 |
-807 |
-640 |
-651 |
-270 |
-257 |
-766 |
-191 |
-298 |
-117 |
-271 |
Net Cash From Continuing Investing Activities |
|
-600 |
-807 |
-640 |
-651 |
-270 |
-257 |
-766 |
-191 |
-298 |
-117 |
-271 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-11 |
-9.16 |
-10 |
-6.95 |
-11 |
-10 |
-8.48 |
-9.37 |
-5.67 |
-6.76 |
-5.80 |
Purchase of Investment Securities |
|
-1,111 |
-708 |
-875 |
-1,130 |
-1,013 |
-869 |
-1,127 |
-890 |
-593 |
-468 |
-682 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.45 |
1.28 |
1.41 |
0.96 |
1.14 |
- |
0.00 |
- |
1.59 |
- |
1.19 |
Sale and/or Maturity of Investments |
|
522 |
199 |
244 |
485 |
753 |
622 |
369 |
531 |
299 |
357 |
416 |
Net Cash From Financing Activities |
|
355 |
607 |
972 |
574 |
507 |
-304 |
426 |
323 |
135 |
-82 |
174 |
Net Cash From Continuing Financing Activities |
|
355 |
607 |
972 |
574 |
507 |
-304 |
426 |
323 |
135 |
-82 |
174 |
Net Change in Deposits |
|
515 |
-671 |
-83 |
1,314 |
1,021 |
-17 |
464 |
-261 |
847 |
-22 |
211 |
Issuance of Debt |
|
100 |
1,450 |
1,900 |
700 |
-150 |
250 |
750 |
950 |
-300 |
- |
301 |
Issuance of Common Equity |
|
0.23 |
0.25 |
0.26 |
0.27 |
0.26 |
0.28 |
0.27 |
0.27 |
0.25 |
0.25 |
0.25 |
Repayment of Debt |
|
-476 |
-403 |
-754 |
-830 |
-305 |
-491 |
-775 |
-483 |
-252 |
99 |
-276 |
Repurchase of Common Equity |
|
-0.53 |
-0.25 |
-44 |
-0.11 |
-0.45 |
-0.04 |
-7.18 |
-1.28 |
-0.29 |
-0.14 |
-14 |
Payment of Dividends |
|
-45 |
-45 |
-45 |
-45 |
-45 |
-45 |
-45 |
-49 |
-49 |
-49 |
-49 |
Other Financing Activities, Net |
|
261 |
275 |
-2.32 |
-564 |
-14 |
-0.53 |
39 |
166 |
-111 |
-111 |
-0.22 |
Cash Interest Paid |
|
31 |
- |
105 |
149 |
197 |
- |
242 |
271 |
285 |
- |
258 |
Cash Income Taxes Paid |
|
15 |
- |
1.18 |
86 |
71 |
- |
2.43 |
36 |
16 |
- |
2.17 |
Annual Balance Sheets for Old National Bancorp
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 |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
11,992 |
14,860 |
17,518 |
19,728 |
20,412 |
22,961 |
24,454 |
46,763 |
49,090 |
53,552 |
Cash and Due from Banks |
|
91 |
209 |
223 |
284 |
235 |
268 |
173 |
453 |
431 |
394 |
Interest Bearing Deposits at Other Banks |
|
129 |
46 |
68 |
33 |
42 |
322 |
649 |
275 |
744 |
834 |
Trading Account Securities |
|
3,294 |
3,547 |
3,886 |
4,650 |
5,439 |
6,036 |
7,431 |
9,927 |
6,825 |
7,585 |
Loans and Leases, Net of Allowance |
|
6,896 |
8,961 |
11,068 |
12,188 |
-55 |
13,655 |
13,495 |
30,820 |
32,684 |
35,893 |
Loans and Leases |
|
6,948 |
9,011 |
11,118 |
12,244 |
- |
13,786 |
13,602 |
31,124 |
32,992 |
36,286 |
Allowance for Loan and Lease Losses |
|
52 |
50 |
50 |
55 |
55 |
131 |
107 |
304 |
308 |
393 |
Premises and Equipment, Net |
|
197 |
430 |
458 |
486 |
491 |
464 |
476 |
557 |
565 |
589 |
Goodwill |
|
585 |
655 |
828 |
1,036 |
1,037 |
1,037 |
1,037 |
1,999 |
1,999 |
2,175 |
Intangible Assets |
|
35 |
38 |
53 |
77 |
60 |
46 |
35 |
126 |
102 |
121 |
Other Assets |
|
740 |
858 |
917 |
973 |
13,163 |
1,132 |
1,158 |
2,605 |
5,739 |
5,961 |
Total Liabilities & Shareholders' Equity |
|
11,992 |
14,860 |
17,518 |
19,728 |
20,412 |
22,961 |
24,454 |
46,763 |
49,090 |
53,552 |
Total Liabilities |
|
10,500 |
13,046 |
15,364 |
17,039 |
17,559 |
19,988 |
21,442 |
41,635 |
43,527 |
47,212 |
Non-Interest Bearing Deposits |
|
2,489 |
3,016 |
3,681 |
3,965 |
4,042 |
5,634 |
6,303 |
11,931 |
9,664 |
9,399 |
Interest Bearing Deposits |
|
5,912 |
7,727 |
8,925 |
10,385 |
10,511 |
11,404 |
12,266 |
23,070 |
27,571 |
31,425 |
Federal Funds Purchased and Securities Sold |
|
291 |
213 |
335 |
270 |
350 |
1.17 |
0.28 |
581 |
0.39 |
0.39 |
Short-Term Debt |
|
606 |
586 |
634 |
610 |
328 |
431 |
689 |
433 |
1,050 |
959 |
Long-Term Debt |
|
1,023 |
1,353 |
1,610 |
1,613 |
2,067 |
2,244 |
1,886 |
4,572 |
4,281 |
4,453 |
Other Long-Term Liabilities |
|
179 |
150 |
180 |
195 |
261 |
274 |
297 |
1,048 |
961 |
977 |
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 |
|
1,491 |
1,814 |
2,154 |
2,690 |
2,852 |
2,973 |
3,012 |
5,129 |
5,563 |
6,340 |
Total Preferred & Common Equity |
|
1,491 |
1,814 |
2,154 |
2,690 |
2,852 |
2,973 |
3,012 |
5,129 |
5,563 |
6,340 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
231 |
231 |
231 |
Total Common Equity |
|
1,491 |
1,814 |
2,154 |
2,690 |
2,852 |
2,973 |
3,012 |
4,898 |
5,332 |
6,110 |
Common Stock |
|
1,202 |
1,483 |
1,792 |
2,207 |
2,114 |
2,041 |
2,046 |
4,467 |
4,453 |
4,890 |
Retained Earnings |
|
324 |
390 |
413 |
528 |
682 |
784 |
968 |
1,217 |
1,619 |
1,966 |
Accumulated Other Comprehensive Income / (Loss) |
|
-35 |
-59 |
-50 |
-45 |
56 |
148 |
-2.38 |
-786 |
-739 |
-746 |
Quarterly Balance Sheets for Old National Bancorp
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 |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
46,216 |
47,843 |
48,497 |
49,059 |
49,535 |
53,120 |
53,602 |
53,878 |
Cash and Due from Banks |
|
467 |
387 |
473 |
381 |
351 |
429 |
498 |
486 |
Interest Bearing Deposits at Other Banks |
|
335 |
727 |
725 |
1,282 |
589 |
804 |
693 |
754 |
Trading Account Securities |
|
10,011 |
6,759 |
6,572 |
6,485 |
6,896 |
10,244 |
10,553 |
10,829 |
Loans and Leases, Net of Allowance |
|
30,227 |
31,524 |
32,132 |
32,274 |
33,304 |
35,784 |
36,020 |
36,012 |
Loans and Leases |
|
30,529 |
31,822 |
32,432 |
32,578 |
33,623 |
36,151 |
36,401 |
36,414 |
Allowance for Loan and Lease Losses |
|
302 |
299 |
301 |
304 |
320 |
366 |
381 |
402 |
Premises and Equipment, Net |
|
588 |
567 |
564 |
566 |
564 |
602 |
600 |
585 |
Goodwill |
|
2,003 |
1,999 |
1,999 |
1,999 |
1,999 |
2,171 |
2,177 |
2,175 |
Intangible Assets |
|
133 |
120 |
114 |
108 |
97 |
135 |
128 |
114 |
Other Assets |
|
2,432 |
5,750 |
5,803 |
5,843 |
5,736 |
2,951 |
2,933 |
2,923 |
Total Liabilities & Shareholders' Equity |
|
46,216 |
47,843 |
48,497 |
49,059 |
49,535 |
53,120 |
53,602 |
53,878 |
Total Liabilities |
|
41,272 |
42,565 |
43,205 |
43,820 |
43,940 |
47,045 |
47,235 |
47,343 |
Non-Interest Bearing Deposits |
|
12,400 |
10,995 |
10,533 |
10,091 |
9,258 |
9,336 |
9,429 |
9,186 |
Interest Bearing Deposits |
|
23,654 |
23,923 |
25,698 |
27,161 |
28,442 |
30,663 |
31,416 |
31,848 |
Federal Funds Purchased and Securities Sold |
|
301 |
619 |
136 |
0.92 |
50 |
250 |
135 |
0.17 |
Short-Term Debt |
|
438 |
1,140 |
1,127 |
1,143 |
1,088 |
241 |
245 |
290 |
Long-Term Debt |
|
3,526 |
4,982 |
4,771 |
4,413 |
4,193 |
5,594 |
5,069 |
5,157 |
Other Long-Term Liabilities |
|
954 |
907 |
939 |
1,011 |
909 |
960 |
940 |
862 |
Total Equity & Noncontrolling Interests |
|
4,943 |
5,277 |
5,292 |
5,240 |
5,595 |
6,075 |
6,367 |
6,535 |
Total Preferred & Common Equity |
|
4,943 |
5,277 |
5,292 |
5,240 |
5,595 |
6,075 |
6,367 |
6,535 |
Preferred Stock |
|
231 |
231 |
231 |
231 |
231 |
231 |
231 |
231 |
Total Common Equity |
|
4,713 |
5,047 |
5,062 |
5,009 |
5,365 |
5,845 |
6,137 |
6,304 |
Common Stock |
|
4,459 |
4,437 |
4,442 |
4,447 |
4,451 |
4,870 |
4,880 |
4,891 |
Retained Earnings |
|
1,062 |
1,319 |
1,429 |
1,531 |
1,694 |
1,766 |
1,861 |
2,061 |
Accumulated Other Comprehensive Income / (Loss) |
|
-808 |
-708 |
-809 |
-969 |
-780 |
-791 |
-604 |
-649 |
Annual Metrics And Ratios for Old National Bancorp
This table displays calculated financial ratios and metrics derived from Old National Bancorp's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
12.28% |
9.85% |
-5.34% |
18.11% |
9.64% |
3.95% |
-2.96% |
113.14% |
6.30% |
2.67% |
EBITDA Growth |
|
15.92% |
19.68% |
-7.43% |
23.73% |
25.23% |
-5.56% |
19.16% |
58.95% |
31.37% |
-8.03% |
EBIT Growth |
|
14.74% |
23.04% |
-15.85% |
23.73% |
39.14% |
-11.99% |
32.60% |
60.75% |
37.92% |
-9.43% |
NOPAT Growth |
|
12.59% |
15.03% |
-28.70% |
99.35% |
24.83% |
-4.95% |
22.58% |
54.32% |
35.89% |
-7.35% |
Net Income Growth |
|
12.59% |
15.03% |
-28.70% |
99.35% |
24.83% |
-4.95% |
22.58% |
54.32% |
35.89% |
-7.35% |
EPS Growth |
|
5.26% |
5.00% |
-34.29% |
76.81% |
13.11% |
-1.45% |
22.79% |
-10.18% |
29.33% |
-13.40% |
Operating Cash Flow Growth |
|
-37.92% |
-79.95% |
908.11% |
-6.27% |
-0.28% |
-5.96% |
50.30% |
146.51% |
-36.60% |
20.52% |
Free Cash Flow Firm Growth |
|
89.56% |
-634.39% |
-9.91% |
40.76% |
70.65% |
-83.43% |
293.63% |
-1,316.23% |
95.67% |
-78.77% |
Invested Capital Growth |
|
6.29% |
20.29% |
17.16% |
11.73% |
6.79% |
7.65% |
-1.08% |
81.38% |
7.50% |
7.87% |
Revenue Q/Q Growth |
|
1.02% |
4.15% |
-1.47% |
5.93% |
-0.96% |
2.83% |
-2.57% |
26.12% |
-4.75% |
1.37% |
EBITDA Q/Q Growth |
|
1.97% |
2.78% |
-5.67% |
6.80% |
3.74% |
7.95% |
-4.47% |
47.03% |
-10.41% |
2.71% |
EBIT Q/Q Growth |
|
2.54% |
2.34% |
-13.47% |
16.02% |
3.53% |
7.48% |
-2.91% |
55.23% |
-11.05% |
2.63% |
NOPAT Q/Q Growth |
|
2.40% |
1.11% |
-35.18% |
52.86% |
0.71% |
12.38% |
-6.07% |
50.94% |
-10.50% |
4.13% |
Net Income Q/Q Growth |
|
2.40% |
1.11% |
-35.18% |
52.86% |
0.71% |
12.38% |
-6.07% |
50.94% |
-10.50% |
4.13% |
EPS Q/Q Growth |
|
2.04% |
-1.87% |
-36.70% |
54.43% |
0.73% |
12.40% |
-5.65% |
41.51% |
-14.91% |
1.82% |
Operating Cash Flow Q/Q Growth |
|
-6.18% |
-80.02% |
71.91% |
-2.23% |
21.19% |
12.31% |
-14.37% |
8.15% |
-9.51% |
35.47% |
Free Cash Flow Firm Q/Q Growth |
|
62.61% |
5.83% |
-353.91% |
-47.02% |
88.66% |
-759.60% |
-8.22% |
-34.97% |
85.59% |
13.57% |
Invested Capital Q/Q Growth |
|
1.64% |
0.56% |
9.91% |
13.03% |
-3.26% |
0.04% |
0.27% |
13.77% |
0.92% |
0.60% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
34.75% |
37.86% |
37.02% |
38.78% |
44.29% |
40.24% |
49.41% |
36.85% |
45.54% |
40.80% |
EBIT Margin |
|
27.30% |
30.57% |
27.18% |
28.47% |
36.13% |
30.59% |
41.80% |
31.53% |
40.91% |
36.09% |
Profit (Net Income) Margin |
|
19.56% |
20.48% |
15.43% |
26.04% |
29.64% |
27.10% |
34.24% |
24.79% |
31.69% |
28.60% |
Tax Burden Percent |
|
71.65% |
66.99% |
56.75% |
91.45% |
82.04% |
88.59% |
81.90% |
78.62% |
77.46% |
79.24% |
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 |
|
28.35% |
33.01% |
43.25% |
8.55% |
17.96% |
11.41% |
18.10% |
21.38% |
22.54% |
20.76% |
Return on Invested Capital (ROIC) |
|
3.85% |
3.91% |
2.35% |
4.10% |
4.69% |
4.16% |
4.94% |
5.45% |
5.54% |
4.76% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
3.85% |
3.91% |
2.35% |
4.10% |
4.69% |
4.16% |
4.94% |
5.45% |
5.54% |
4.76% |
Return on Net Nonoperating Assets (RNNOA) |
|
4.04% |
4.22% |
2.48% |
3.78% |
3.91% |
3.62% |
4.33% |
5.07% |
5.35% |
4.30% |
Return on Equity (ROE) |
|
7.89% |
8.12% |
4.82% |
7.88% |
8.60% |
7.77% |
9.28% |
10.52% |
10.89% |
9.06% |
Cash Return on Invested Capital (CROIC) |
|
-2.24% |
-14.52% |
-13.45% |
-6.98% |
-1.88% |
-3.21% |
6.03% |
-52.39% |
-1.70% |
-2.81% |
Operating Return on Assets (OROA) |
|
1.38% |
1.49% |
1.04% |
1.12% |
1.45% |
1.18% |
1.43% |
1.53% |
1.57% |
1.33% |
Return on Assets (ROA) |
|
0.99% |
1.00% |
0.59% |
1.02% |
1.19% |
1.04% |
1.17% |
1.20% |
1.21% |
1.05% |
Return on Common Equity (ROCE) |
|
7.89% |
8.12% |
4.82% |
7.88% |
8.60% |
7.77% |
9.28% |
10.22% |
10.42% |
8.71% |
Return on Equity Simple (ROE_SIMPLE) |
|
7.83% |
7.40% |
4.44% |
7.10% |
8.35% |
7.62% |
9.21% |
8.35% |
10.46% |
8.50% |
Net Operating Profit after Tax (NOPAT) |
|
117 |
134 |
96 |
191 |
238 |
226 |
278 |
428 |
582 |
539 |
NOPAT Margin |
|
19.56% |
20.48% |
15.43% |
26.04% |
29.64% |
27.10% |
34.24% |
24.79% |
31.69% |
28.60% |
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 |
|
58.32% |
55.51% |
56.77% |
47.50% |
51.66% |
49.98% |
51.24% |
47.51% |
43.84% |
46.91% |
Operating Expenses to Revenue |
|
72.21% |
69.28% |
72.33% |
70.58% |
63.28% |
64.28% |
61.85% |
60.09% |
55.88% |
58.04% |
Earnings before Interest and Taxes (EBIT) |
|
163 |
200 |
169 |
209 |
290 |
256 |
339 |
545 |
751 |
680 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
207 |
248 |
230 |
284 |
356 |
336 |
401 |
637 |
836 |
769 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.79 |
1.06 |
0.89 |
0.72 |
0.93 |
0.82 |
0.91 |
1.00 |
0.90 |
1.13 |
Price to Tangible Book Value (P/TBV) |
|
1.34 |
1.71 |
1.50 |
1.24 |
1.52 |
1.29 |
1.42 |
1.77 |
1.48 |
1.82 |
Price to Revenue (P/Rev) |
|
1.96 |
2.93 |
3.08 |
2.66 |
3.31 |
2.91 |
3.40 |
2.85 |
2.61 |
3.67 |
Price to Earnings (P/E) |
|
10.03 |
14.30 |
19.96 |
10.22 |
11.18 |
10.74 |
9.92 |
11.88 |
8.47 |
13.24 |
Dividend Yield |
|
4.69% |
3.65% |
3.69% |
4.06% |
3.32% |
3.81% |
3.37% |
3.33% |
3.42% |
2.58% |
Earnings Yield |
|
9.97% |
6.99% |
5.01% |
9.79% |
8.94% |
9.31% |
10.08% |
8.42% |
11.80% |
7.56% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.83 |
0.96 |
0.88 |
0.78 |
0.91 |
0.80 |
0.81 |
0.93 |
0.84 |
0.96 |
Enterprise Value to Revenue (EV/Rev) |
|
4.32 |
5.50 |
6.23 |
5.26 |
5.95 |
5.41 |
5.56 |
5.46 |
5.00 |
6.01 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
12.44 |
14.52 |
16.82 |
13.57 |
13.43 |
13.44 |
11.25 |
14.81 |
10.98 |
14.74 |
Enterprise Value to EBIT (EV/EBIT) |
|
15.84 |
17.98 |
22.90 |
18.48 |
16.47 |
17.68 |
13.30 |
17.31 |
12.22 |
16.66 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
22.11 |
26.84 |
40.36 |
20.21 |
20.07 |
19.96 |
16.24 |
22.01 |
15.77 |
21.03 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
20.85 |
145.28 |
15.45 |
16.45 |
20.45 |
20.55 |
13.64 |
11.58 |
17.78 |
18.22 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
13.31 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.09 |
1.07 |
1.04 |
0.83 |
0.84 |
0.90 |
0.85 |
0.98 |
0.96 |
0.85 |
Long-Term Debt to Equity |
|
0.69 |
0.75 |
0.75 |
0.60 |
0.72 |
0.76 |
0.63 |
0.89 |
0.77 |
0.70 |
Financial Leverage |
|
1.05 |
1.08 |
1.05 |
0.92 |
0.83 |
0.87 |
0.88 |
0.93 |
0.97 |
0.90 |
Leverage Ratio |
|
7.99 |
8.12 |
8.16 |
7.69 |
7.24 |
7.45 |
7.92 |
8.75 |
8.97 |
8.62 |
Compound Leverage Factor |
|
7.99 |
8.12 |
8.16 |
7.69 |
7.24 |
7.45 |
7.92 |
8.75 |
8.97 |
8.62 |
Debt to Total Capital |
|
52.21% |
51.66% |
51.01% |
45.26% |
45.63% |
47.37% |
46.09% |
49.39% |
48.93% |
46.05% |
Short-Term Debt to Total Capital |
|
19.41% |
15.61% |
14.41% |
12.42% |
6.25% |
7.63% |
12.33% |
4.27% |
9.64% |
8.16% |
Long-Term Debt to Total Capital |
|
32.80% |
36.05% |
36.60% |
32.84% |
39.39% |
39.73% |
33.76% |
45.12% |
39.30% |
37.89% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.27% |
2.12% |
1.96% |
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 |
|
47.79% |
48.34% |
48.99% |
54.74% |
54.37% |
52.63% |
53.91% |
48.34% |
48.95% |
51.99% |
Debt to EBITDA |
|
7.86 |
7.81 |
9.76 |
7.82 |
6.73 |
7.96 |
6.43 |
7.86 |
6.37 |
7.03 |
Net Debt to EBITDA |
|
6.80 |
6.78 |
8.50 |
6.71 |
5.95 |
6.20 |
4.38 |
6.72 |
4.97 |
5.44 |
Long-Term Debt to EBITDA |
|
4.94 |
5.45 |
7.01 |
5.68 |
5.81 |
6.68 |
4.71 |
7.18 |
5.12 |
5.79 |
Debt to NOPAT |
|
13.96 |
14.44 |
23.43 |
11.65 |
10.05 |
11.82 |
9.28 |
11.69 |
9.16 |
10.04 |
Net Debt to NOPAT |
|
12.07 |
12.54 |
20.40 |
9.99 |
8.89 |
9.21 |
6.32 |
9.98 |
7.14 |
7.76 |
Long-Term Debt to NOPAT |
|
8.77 |
10.08 |
16.81 |
8.46 |
8.68 |
9.91 |
6.80 |
10.68 |
7.36 |
8.26 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.83% |
4.31% |
3.87% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-68 |
-499 |
-548 |
-325 |
-95 |
-175 |
339 |
-4,118 |
-178 |
-319 |
Operating Cash Flow to CapEx |
|
158.77% |
11.36% |
1,336.56% |
899.83% |
694.59% |
953.87% |
1,698.79% |
2,436.87% |
1,481.10% |
2,169.45% |
Free Cash Flow to Firm to Interest Expense |
|
-2.05 |
-11.23 |
-9.43 |
-3.44 |
-0.76 |
-2.60 |
8.01 |
-32.61 |
-0.25 |
-0.30 |
Operating Cash Flow to Interest Expense |
|
3.74 |
0.56 |
4.30 |
2.48 |
1.85 |
3.27 |
7.82 |
6.45 |
0.73 |
0.58 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.39 |
-4.36 |
3.98 |
2.21 |
1.59 |
2.93 |
7.36 |
6.19 |
0.68 |
0.55 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.05 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
3.59 |
2.09 |
1.40 |
1.55 |
1.65 |
1.75 |
1.72 |
3.34 |
3.27 |
3.27 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
3,120 |
3,754 |
4,398 |
4,913 |
5,247 |
5,648 |
5,587 |
10,133 |
10,894 |
11,752 |
Invested Capital Turnover |
|
0.20 |
0.19 |
0.15 |
0.16 |
0.16 |
0.15 |
0.14 |
0.22 |
0.17 |
0.17 |
Increase / (Decrease) in Invested Capital |
|
185 |
633 |
644 |
516 |
334 |
401 |
-61 |
4,546 |
760 |
858 |
Enterprise Value (EV) |
|
2,580 |
3,604 |
3,863 |
3,856 |
4,781 |
4,518 |
4,507 |
9,427 |
9,181 |
11,337 |
Market Capitalization |
|
1,171 |
1,921 |
1,910 |
1,949 |
2,663 |
2,432 |
2,754 |
4,920 |
4,794 |
6,923 |
Book Value per Share |
|
$13.02 |
$13.44 |
$15.90 |
$17.65 |
$16.78 |
$17.98 |
$18.17 |
$16.72 |
$18.22 |
$19.15 |
Tangible Book Value per Share |
|
$7.61 |
$8.31 |
$9.40 |
$10.35 |
$10.32 |
$11.43 |
$11.70 |
$9.47 |
$11.04 |
$11.96 |
Total Capital |
|
3,120 |
3,754 |
4,398 |
4,913 |
5,247 |
5,648 |
5,587 |
10,133 |
10,894 |
11,752 |
Total Debt |
|
1,629 |
1,939 |
2,243 |
2,224 |
2,394 |
2,675 |
2,575 |
5,005 |
5,331 |
5,411 |
Total Long-Term Debt |
|
1,023 |
1,353 |
1,610 |
1,613 |
2,067 |
2,244 |
1,886 |
4,572 |
4,281 |
4,453 |
Net Debt |
|
1,409 |
1,684 |
1,953 |
1,906 |
2,118 |
2,086 |
1,753 |
4,276 |
4,156 |
4,183 |
Capital Expenditures (CapEx) |
|
78 |
218 |
19 |
26 |
34 |
23 |
19 |
33 |
35 |
29 |
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) |
|
1,629 |
1,939 |
2,243 |
2,224 |
2,394 |
2,675 |
2,575 |
5,005 |
5,331 |
5,411 |
Total Depreciation and Amortization (D&A) |
|
44 |
48 |
61 |
76 |
66 |
81 |
62 |
92 |
85 |
89 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.39 |
$1.37 |
$1.68 |
$1.51 |
$0.00 |
$1.69 |
Adjusted Weighted Average Basic Shares Outstanding |
|
115.73M |
127.71M |
137.82M |
155.68M |
171.91M |
165.51M |
165.18M |
275.18M |
0.00 |
309.50M |
Adjusted Diluted Earnings per Share |
|
$1.00 |
$1.05 |
$0.69 |
$1.22 |
$1.38 |
$1.36 |
$1.67 |
$1.50 |
$0.00 |
$1.68 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
116.26M |
128.30M |
138.51M |
156.54M |
172.69M |
166.18M |
165.93M |
276.69M |
0.00 |
311.00M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.39 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
114.31M |
135.20M |
152.06M |
175.16M |
169.05M |
165.38M |
165.85M |
292.92M |
0.00 |
318.98M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
117 |
134 |
102 |
212 |
240 |
226 |
283 |
437 |
594 |
550 |
Normalized NOPAT Margin |
|
19.56% |
20.48% |
16.50% |
28.90% |
29.92% |
27.10% |
34.92% |
25.29% |
32.34% |
29.16% |
Pre Tax Income Margin |
|
27.30% |
30.57% |
27.18% |
28.47% |
36.13% |
30.59% |
41.80% |
31.53% |
40.91% |
36.09% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.93 |
4.51 |
2.90 |
2.21 |
2.30 |
3.80 |
8.02 |
4.31 |
1.07 |
0.64 |
NOPAT to Interest Expense |
|
3.53 |
3.02 |
1.65 |
2.02 |
1.89 |
3.37 |
6.57 |
3.39 |
0.83 |
0.50 |
EBIT Less CapEx to Interest Expense |
|
2.57 |
-0.40 |
2.58 |
1.93 |
2.04 |
3.46 |
7.56 |
4.05 |
1.02 |
0.61 |
NOPAT Less CapEx to Interest Expense |
|
1.17 |
-1.89 |
1.32 |
1.74 |
1.62 |
3.03 |
6.11 |
3.13 |
0.78 |
0.48 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
47.60% |
50.30% |
75.85% |
43.05% |
37.56% |
41.05% |
33.45% |
41.47% |
30.93% |
35.45% |
Augmented Payout Ratio |
|
123.59% |
51.82% |
78.73% |
44.00% |
80.56% |
77.43% |
34.79% |
58.09% |
38.55% |
37.10% |
Quarterly Metrics And Ratios for Old National Bancorp
This table displays calculated financial ratios and metrics derived from Old National Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
121.74% |
180.50% |
56.99% |
8.72% |
-0.21% |
-16.48% |
-4.02% |
2.56% |
6.54% |
5.48% |
10.94% |
EBITDA Growth |
|
93.99% |
242.34% |
1,283.30% |
36.95% |
4.48% |
-33.78% |
-18.08% |
-20.40% |
-1.80% |
10.65% |
18.75% |
EBIT Growth |
|
100.21% |
283.99% |
617.96% |
44.64% |
7.34% |
-35.63% |
-18.75% |
-22.70% |
-3.69% |
10.34% |
18.85% |
NOPAT Growth |
|
95.35% |
257.26% |
676.94% |
34.83% |
5.51% |
-34.00% |
-17.95% |
-21.81% |
-2.76% |
16.15% |
20.26% |
Net Income Growth |
|
95.35% |
257.26% |
631.43% |
34.83% |
5.51% |
-34.00% |
-17.95% |
-21.81% |
-2.76% |
16.15% |
20.26% |
EPS Growth |
|
9.30% |
129.41% |
476.92% |
36.84% |
4.26% |
-43.59% |
-18.37% |
-28.85% |
-10.20% |
6.82% |
10.00% |
Operating Cash Flow Growth |
|
149.73% |
93.46% |
-66.67% |
-42.03% |
-7.92% |
-42.71% |
94.14% |
-0.03% |
-46.98% |
223.72% |
3.82% |
Free Cash Flow Firm Growth |
|
-2,300.18% |
-3,806.36% |
58.66% |
58.57% |
45.55% |
85.55% |
138.41% |
61.94% |
57.31% |
-12.14% |
-249.40% |
Invested Capital Growth |
|
59.85% |
81.38% |
19.01% |
18.27% |
21.19% |
7.50% |
-4.59% |
6.44% |
8.21% |
7.87% |
10.16% |
Revenue Q/Q Growth |
|
7.12% |
21.70% |
-18.69% |
2.57% |
-1.68% |
1.86% |
-6.57% |
9.61% |
2.14% |
0.84% |
-1.74% |
EBITDA Q/Q Growth |
|
24.22% |
41.61% |
-27.11% |
6.81% |
-5.23% |
-10.25% |
-9.82% |
3.78% |
16.91% |
1.13% |
-3.22% |
EBIT Q/Q Growth |
|
27.93% |
46.36% |
-28.25% |
7.66% |
-5.06% |
-12.23% |
-9.43% |
2.43% |
18.28% |
0.55% |
-2.44% |
NOPAT Q/Q Growth |
|
21.89% |
43.23% |
-26.97% |
5.75% |
-4.62% |
-10.41% |
-9.21% |
0.79% |
18.62% |
7.00% |
-5.99% |
Net Income Q/Q Growth |
|
21.89% |
43.23% |
-26.97% |
5.75% |
-4.62% |
-10.41% |
-9.21% |
0.79% |
18.62% |
7.00% |
-5.99% |
EPS Q/Q Growth |
|
23.68% |
65.96% |
-37.18% |
6.12% |
-5.77% |
-10.20% |
-9.09% |
-7.50% |
18.92% |
6.82% |
-6.38% |
Operating Cash Flow Q/Q Growth |
|
-10.55% |
-48.84% |
-57.76% |
199.93% |
42.09% |
-68.17% |
43.12% |
54.44% |
-24.64% |
94.33% |
-54.10% |
Free Cash Flow Firm Q/Q Growth |
|
15.88% |
-36.02% |
61.47% |
6.03% |
-10.57% |
63.91% |
202.44% |
-193.13% |
-24.02% |
5.21% |
-36.47% |
Invested Capital Q/Q Growth |
|
-5.86% |
13.77% |
12.49% |
-1.83% |
-3.53% |
0.92% |
-0.16% |
9.51% |
-1.92% |
0.60% |
1.96% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
44.46% |
51.73% |
46.37% |
48.29% |
46.54% |
41.01% |
39.58% |
37.48% |
42.90% |
43.02% |
42.37% |
EBIT Margin |
|
39.18% |
47.12% |
41.58% |
43.65% |
42.14% |
36.31% |
35.20% |
32.90% |
38.09% |
37.98% |
37.71% |
Profit (Net Income) Margin |
|
30.67% |
36.10% |
32.42% |
33.43% |
32.43% |
28.52% |
27.72% |
25.48% |
29.60% |
31.41% |
30.05% |
Tax Burden Percent |
|
78.28% |
76.60% |
77.97% |
76.59% |
76.95% |
78.54% |
78.73% |
77.47% |
77.70% |
82.68% |
79.67% |
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 |
|
21.72% |
23.40% |
22.03% |
23.41% |
23.05% |
21.46% |
21.27% |
22.53% |
22.30% |
17.32% |
20.33% |
Return on Invested Capital (ROIC) |
|
5.80% |
7.93% |
5.85% |
6.24% |
6.35% |
4.98% |
4.53% |
4.04% |
4.90% |
5.23% |
5.08% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
5.80% |
7.93% |
5.85% |
6.24% |
6.35% |
4.98% |
4.53% |
4.04% |
4.90% |
5.23% |
5.08% |
Return on Net Nonoperating Assets (RNNOA) |
|
4.73% |
7.39% |
5.82% |
6.19% |
5.93% |
4.82% |
4.75% |
4.17% |
4.59% |
4.72% |
4.49% |
Return on Equity (ROE) |
|
10.53% |
15.32% |
11.67% |
12.44% |
12.28% |
9.80% |
9.27% |
8.21% |
9.49% |
9.95% |
9.58% |
Cash Return on Invested Capital (CROIC) |
|
-42.15% |
-52.39% |
-11.62% |
-10.52% |
-12.56% |
-1.70% |
9.68% |
-1.72% |
-3.28% |
-2.81% |
-4.74% |
Operating Return on Assets (OROA) |
|
1.53% |
2.29% |
1.68% |
1.79% |
1.71% |
1.39% |
1.31% |
1.18% |
1.38% |
1.40% |
1.41% |
Return on Assets (ROA) |
|
1.20% |
1.75% |
1.31% |
1.37% |
1.31% |
1.09% |
1.04% |
0.92% |
1.07% |
1.15% |
1.12% |
Return on Common Equity (ROCE) |
|
10.23% |
14.89% |
11.16% |
11.88% |
11.72% |
9.38% |
8.88% |
7.87% |
9.11% |
9.56% |
9.21% |
Return on Equity Simple (ROE_SIMPLE) |
|
5.74% |
0.00% |
11.42% |
12.14% |
12.41% |
0.00% |
9.93% |
8.59% |
8.13% |
0.00% |
8.62% |
Net Operating Profit after Tax (NOPAT) |
|
140 |
201 |
147 |
155 |
148 |
132 |
120 |
121 |
144 |
154 |
145 |
NOPAT Margin |
|
30.67% |
36.10% |
32.42% |
33.43% |
32.43% |
28.52% |
27.72% |
25.48% |
29.60% |
31.41% |
30.05% |
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 |
|
46.30% |
36.86% |
44.60% |
43.02% |
42.91% |
44.83% |
49.81% |
48.29% |
45.05% |
44.85% |
45.74% |
Operating Expenses to Revenue |
|
57.43% |
50.83% |
55.45% |
53.17% |
53.68% |
61.19% |
60.44% |
59.49% |
56.04% |
56.50% |
55.76% |
Earnings before Interest and Taxes (EBIT) |
|
179 |
262 |
188 |
202 |
192 |
169 |
153 |
156 |
185 |
186 |
182 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
203 |
288 |
210 |
224 |
212 |
191 |
172 |
178 |
208 |
211 |
204 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.96 |
1.00 |
0.80 |
0.78 |
0.82 |
0.90 |
0.94 |
0.94 |
0.89 |
1.13 |
1.07 |
Price to Tangible Book Value (P/TBV) |
|
1.76 |
1.77 |
1.38 |
1.33 |
1.42 |
1.48 |
1.55 |
1.55 |
1.43 |
1.82 |
1.68 |
Price to Revenue (P/Rev) |
|
3.31 |
2.85 |
2.13 |
2.04 |
2.13 |
2.61 |
2.78 |
3.00 |
2.94 |
3.67 |
3.50 |
Price to Earnings (P/E) |
|
16.57 |
11.88 |
6.88 |
6.28 |
6.49 |
8.47 |
9.36 |
10.84 |
10.89 |
13.24 |
12.35 |
Dividend Yield |
|
3.62% |
3.33% |
4.07% |
4.16% |
3.98% |
3.42% |
3.24% |
3.26% |
3.00% |
2.58% |
2.64% |
Earnings Yield |
|
6.04% |
8.42% |
14.54% |
15.92% |
15.42% |
11.80% |
10.68% |
9.22% |
9.18% |
7.56% |
8.10% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.89 |
0.93 |
0.81 |
0.79 |
0.76 |
0.84 |
0.88 |
0.87 |
0.84 |
0.96 |
0.93 |
Enterprise Value to Revenue (EV/Rev) |
|
5.79 |
5.46 |
4.90 |
4.60 |
4.27 |
5.00 |
5.29 |
5.64 |
5.28 |
6.01 |
5.79 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
18.30 |
14.81 |
10.73 |
9.59 |
8.82 |
10.98 |
12.05 |
13.70 |
13.10 |
14.74 |
13.97 |
Enterprise Value to EBIT (EV/EBIT) |
|
22.59 |
17.31 |
12.05 |
10.66 |
9.75 |
12.22 |
13.44 |
15.39 |
14.80 |
16.66 |
15.79 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
27.93 |
22.01 |
15.39 |
13.80 |
12.66 |
15.77 |
17.32 |
19.77 |
18.95 |
21.03 |
19.87 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
10.53 |
11.58 |
13.11 |
15.02 |
14.43 |
17.78 |
16.98 |
18.20 |
21.37 |
18.22 |
17.88 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
8.92 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.80 |
0.98 |
1.16 |
1.11 |
1.06 |
0.96 |
0.94 |
0.96 |
0.83 |
0.85 |
0.83 |
Long-Term Debt to Equity |
|
0.71 |
0.89 |
0.94 |
0.90 |
0.84 |
0.77 |
0.75 |
0.92 |
0.80 |
0.70 |
0.79 |
Financial Leverage |
|
0.81 |
0.93 |
1.00 |
0.99 |
0.93 |
0.97 |
1.05 |
1.03 |
0.94 |
0.90 |
0.88 |
Leverage Ratio |
|
8.80 |
8.75 |
8.91 |
9.09 |
9.36 |
8.97 |
8.96 |
8.94 |
8.84 |
8.62 |
8.53 |
Compound Leverage Factor |
|
8.80 |
8.75 |
8.91 |
9.09 |
9.36 |
8.97 |
8.96 |
8.94 |
8.84 |
8.62 |
8.53 |
Debt to Total Capital |
|
44.50% |
49.39% |
53.70% |
52.71% |
51.46% |
48.93% |
48.55% |
48.99% |
45.49% |
46.05% |
45.46% |
Short-Term Debt to Total Capital |
|
4.92% |
4.27% |
10.00% |
10.07% |
10.58% |
9.64% |
10.00% |
2.02% |
2.09% |
8.16% |
2.42% |
Long-Term Debt to Total Capital |
|
39.58% |
45.12% |
43.70% |
42.64% |
40.88% |
39.30% |
38.55% |
46.97% |
43.40% |
37.89% |
43.04% |
Preferred Equity to Total Capital |
|
2.59% |
2.27% |
2.02% |
2.06% |
2.14% |
2.12% |
2.12% |
1.94% |
1.97% |
1.96% |
1.92% |
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 |
|
52.91% |
48.34% |
44.28% |
45.23% |
46.40% |
48.95% |
49.33% |
49.07% |
52.54% |
51.99% |
52.62% |
Debt to EBITDA |
|
9.15 |
7.86 |
7.08 |
6.38 |
5.95 |
6.37 |
6.61 |
7.75 |
7.09 |
7.03 |
6.80 |
Net Debt to EBITDA |
|
7.30 |
6.72 |
5.80 |
5.08 |
4.17 |
4.97 |
5.44 |
6.11 |
5.50 |
5.44 |
5.25 |
Long-Term Debt to EBITDA |
|
8.14 |
7.18 |
5.77 |
5.16 |
4.73 |
5.12 |
5.25 |
7.43 |
6.77 |
5.79 |
6.43 |
Debt to NOPAT |
|
13.97 |
11.69 |
10.16 |
9.18 |
8.54 |
9.16 |
9.50 |
11.18 |
10.26 |
10.04 |
9.67 |
Net Debt to NOPAT |
|
11.14 |
9.98 |
8.31 |
7.32 |
5.98 |
7.14 |
7.81 |
8.82 |
7.96 |
7.76 |
7.47 |
Long-Term Debt to NOPAT |
|
12.43 |
10.68 |
8.27 |
7.43 |
6.79 |
7.36 |
7.55 |
10.72 |
9.79 |
8.26 |
9.15 |
Noncontrolling Interest Sharing Ratio |
|
2.89% |
2.83% |
4.39% |
4.45% |
4.53% |
4.31% |
4.24% |
4.06% |
3.97% |
3.87% |
3.80% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-3,195 |
-4,346 |
-1,674 |
-1,573 |
-1,740 |
-628 |
643 |
-599 |
-743 |
-704 |
-961 |
Operating Cash Flow to CapEx |
|
2,294.57% |
1,612.30% |
593.51% |
2,686.02% |
2,403.35% |
706.99% |
1,228.87% |
1,718.95% |
2,972.70% |
3,489.56% |
2,346.27% |
Free Cash Flow to Firm to Interest Expense |
|
-106.75 |
-65.12 |
-14.67 |
-9.67 |
-8.64 |
-2.79 |
2.68 |
-2.18 |
-2.58 |
-2.63 |
-3.96 |
Operating Cash Flow to Interest Expense |
|
8.30 |
1.90 |
0.47 |
0.99 |
1.14 |
0.32 |
0.44 |
0.58 |
0.42 |
0.88 |
0.45 |
Operating Cash Flow Less CapEx to Interest Expense |
|
7.94 |
1.79 |
0.39 |
0.95 |
1.09 |
0.28 |
0.40 |
0.55 |
0.41 |
0.85 |
0.43 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
2.57 |
3.34 |
3.29 |
3.35 |
3.34 |
3.27 |
3.22 |
3.14 |
3.19 |
3.27 |
3.37 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
8,907 |
10,133 |
11,399 |
11,190 |
10,795 |
10,894 |
10,876 |
11,910 |
11,681 |
11,752 |
11,982 |
Invested Capital Turnover |
|
0.19 |
0.22 |
0.18 |
0.19 |
0.20 |
0.17 |
0.16 |
0.16 |
0.17 |
0.17 |
0.17 |
Increase / (Decrease) in Invested Capital |
|
3,335 |
4,546 |
1,821 |
1,728 |
1,888 |
760 |
-523 |
720 |
887 |
858 |
1,105 |
Enterprise Value (EV) |
|
7,926 |
9,427 |
9,269 |
8,866 |
8,235 |
9,181 |
9,623 |
10,316 |
9,815 |
11,337 |
11,197 |
Market Capitalization |
|
4,533 |
4,920 |
4,031 |
3,936 |
4,113 |
4,794 |
5,051 |
5,483 |
5,462 |
6,923 |
6,759 |
Book Value per Share |
|
$16.09 |
$16.72 |
$17.23 |
$17.30 |
$17.12 |
$18.22 |
$18.44 |
$18.32 |
$20.97 |
$19.15 |
$19.76 |
Tangible Book Value per Share |
|
$8.80 |
$9.47 |
$10.00 |
$10.08 |
$9.92 |
$11.04 |
$11.24 |
$11.09 |
$13.09 |
$11.96 |
$12.59 |
Total Capital |
|
8,907 |
10,133 |
11,399 |
11,190 |
10,795 |
10,894 |
10,876 |
11,910 |
11,681 |
11,752 |
11,982 |
Total Debt |
|
3,964 |
5,005 |
6,121 |
5,898 |
5,555 |
5,331 |
5,281 |
5,835 |
5,314 |
5,411 |
5,447 |
Total Long-Term Debt |
|
3,526 |
4,572 |
4,982 |
4,771 |
4,413 |
4,281 |
4,193 |
5,594 |
5,069 |
4,453 |
5,157 |
Net Debt |
|
3,162 |
4,276 |
5,008 |
4,700 |
3,892 |
4,156 |
4,341 |
4,602 |
4,122 |
4,183 |
4,207 |
Capital Expenditures (CapEx) |
|
11 |
7.88 |
9.05 |
6.00 |
9.52 |
10 |
8.48 |
9.37 |
4.08 |
6.76 |
4.61 |
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) |
|
3,964 |
5,005 |
6,121 |
5,898 |
5,555 |
5,331 |
5,281 |
5,835 |
5,314 |
5,411 |
5,447 |
Total Depreciation and Amortization (D&A) |
|
24 |
26 |
22 |
22 |
20 |
22 |
19 |
22 |
23 |
25 |
22 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.47 |
$0.79 |
$0.49 |
$0.52 |
$0.49 |
$0.45 |
$0.40 |
$0.37 |
$0.44 |
$0.48 |
$0.45 |
Adjusted Weighted Average Basic Shares Outstanding |
|
290.96M |
275.18M |
291.09M |
290.56M |
290.65M |
290.75M |
290.98M |
315.59M |
315.62M |
309.50M |
315.93M |
Adjusted Diluted Earnings per Share |
|
$0.47 |
$0.78 |
$0.49 |
$0.52 |
$0.49 |
$0.44 |
$0.40 |
$0.37 |
$0.44 |
$0.47 |
$0.44 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
292.48M |
276.69M |
292.76M |
291.27M |
291.72M |
291.86M |
292.21M |
316.46M |
317.33M |
311.00M |
321.02M |
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 |
|
292.89M |
292.92M |
292.60M |
292.59M |
292.62M |
292.70M |
318.97M |
318.97M |
318.97M |
318.98M |
319.75M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
142 |
205 |
149 |
157 |
150 |
138 |
122 |
123 |
146 |
158 |
147 |
Normalized NOPAT Margin |
|
31.13% |
36.82% |
32.90% |
33.88% |
32.87% |
29.74% |
28.22% |
25.93% |
30.12% |
32.18% |
30.61% |
Pre Tax Income Margin |
|
39.18% |
47.12% |
41.58% |
43.65% |
42.14% |
36.31% |
35.20% |
32.90% |
38.09% |
37.98% |
37.71% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.98 |
3.93 |
1.65 |
1.24 |
0.95 |
0.75 |
0.64 |
0.57 |
0.64 |
0.69 |
0.75 |
NOPAT to Interest Expense |
|
4.68 |
3.01 |
1.28 |
0.95 |
0.73 |
0.59 |
0.50 |
0.44 |
0.50 |
0.57 |
0.60 |
EBIT Less CapEx to Interest Expense |
|
5.62 |
3.81 |
1.57 |
1.21 |
0.91 |
0.70 |
0.60 |
0.53 |
0.63 |
0.67 |
0.73 |
NOPAT Less CapEx to Interest Expense |
|
4.32 |
2.89 |
1.20 |
0.92 |
0.69 |
0.54 |
0.47 |
0.41 |
0.48 |
0.55 |
0.58 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
54.94% |
41.47% |
29.87% |
28.01% |
27.68% |
30.93% |
32.39% |
35.21% |
36.20% |
35.45% |
34.56% |
Augmented Payout Ratio |
|
79.95% |
58.09% |
37.31% |
34.95% |
34.53% |
38.55% |
33.79% |
36.92% |
37.90% |
37.10% |
37.26% |
Key Financial Trends
Old National Bancorp (NASDAQ: ONB) has displayed steady financial performance over the past four years through Q1 2025, with consistent growth in key earnings and balance sheet items, although there are some mixed signals from expense trends and investment activities.
Income Statement Trends:
- Net interest income generally increased from around $356 million in Q1 2024 to $388 million in Q1 2025, indicating improved core banking profitability.
- Total revenue climbed from about $434 million in Q1 2024 to $481 million in Q1 2025, highlighting growth in both interest and non-interest income.
- Net income attributable to common shareholders increased from approximately $116 million in Q1 2024 to $141 million in Q1 2025, reflecting solid bottom-line growth.
- Provision for credit losses rose from $18.9 million in Q1 2024 to $31.4 million in Q1 2025, suggesting some increase in expected loan impairments.
- Non-interest expenses remained elevated around $268 million in Q1 2025, close to prior periods, which could pressure profit margins if revenue growth slows.
- Diluted earnings per share were stable at approximately $0.44-$0.45 in Q1 2025, close to recent quarterly levels, showing controlled dilution and consistent earnings per share growth.
Balance Sheet Highlights:
- Total assets grew steadily, reaching about $53.9 billion in Q1 2025 from roughly $49.5 billion in Q1 2024, driven largely by increased loans and leases and trading account securities.
- Net loans and leases increased significantly to approximately $36 billion in Q1 2025 from $33.3 billion a year earlier, showing strong loan book expansion.
- Common equity rose to $6.3 billion in Q1 2025 from $5.3 billion in Q1 2024, reflecting retained earnings and equity growth supporting capital adequacy.
- Accumulated other comprehensive income (AOCI) showed a larger loss in Q1 2025 (-$648 million) compared to Q1 2024 (-$708 million), which might indicate volatility from investments impacting equity.
- Long-term debt saw an increase to about $5.16 billion in Q1 2025 from $4.2 billion in Q1 2024, which warrants monitoring for leverage impacts.
Cash Flow Observations:
- Operating cash flow was positive and solid at approximately $108 million in Q1 2025, supporting ongoing business operations.
- Investing activities showed a significant outflow (-$270 million) in Q1 2025 due to substantial investment security purchases exceeding sales.
- Financing activities generated substantial net inflows ($174 million) in Q1 2025, supported by increased deposit balances and debt issuance exceeding repayments and equity repurchases.
Summary: Old National Bancorp has demonstrated a generally positive growth trajectory in earnings, assets, and equity over the last four years including recent quarters. Rising provisions and continuing high expenses highlight the need for efficiency and careful credit risk management. The bank's investment purchases and growing debt levels require continued attention on leverage and liquidity risk. Overall, the recent growth in net income and loans suggests the company is benefiting from improved banking conditions and loan demand, making it a firm with solid fundamentals but with certain risks to monitor going forward.
08/09/25 03:05 AMAI Generated. May Contain Errors.