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 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
144 |
128 |
116 |
117 |
140 |
150 |
141 |
121 |
179 |
213 |
230 |
| Consolidated Net Income / (Loss) |
|
148 |
132 |
120 |
121 |
144 |
154 |
145 |
125 |
183 |
217 |
234 |
| Net Income / (Loss) Continuing Operations |
|
148 |
132 |
120 |
121 |
144 |
154 |
145 |
125 |
183 |
217 |
234 |
| Total Pre-Tax Income |
|
192 |
169 |
153 |
156 |
185 |
186 |
182 |
156 |
233 |
272 |
295 |
| Total Revenue |
|
456 |
465 |
434 |
476 |
486 |
490 |
481 |
647 |
705 |
691 |
695 |
| Net Interest Income / (Expense) |
|
375 |
364 |
356 |
388 |
392 |
394 |
388 |
515 |
575 |
581 |
573 |
| Total Interest Income |
|
577 |
590 |
596 |
664 |
680 |
662 |
630 |
825 |
917 |
897 |
877 |
| Loans and Leases Interest Income |
|
474 |
481 |
487 |
546 |
561 |
545 |
516 |
659 |
732 |
715 |
696 |
| Investment Securities Interest Income |
|
89 |
95 |
99 |
107 |
107 |
104 |
106 |
152 |
173 |
170 |
170 |
| Deposits and Money Market Investments Interest Income |
|
13 |
14 |
9.99 |
11 |
12 |
13 |
8.82 |
15 |
12 |
12 |
11 |
| Total Interest Expense |
|
201 |
225 |
240 |
275 |
288 |
268 |
243 |
310 |
343 |
316 |
305 |
| Deposits Interest Expense |
|
147 |
173 |
185 |
216 |
230 |
215 |
190 |
240 |
273 |
250 |
233 |
| Long-Term Debt Interest Expense |
|
52 |
51 |
52 |
57 |
58 |
52 |
50 |
68 |
67 |
66 |
71 |
| Federal Funds Purchased and Securities Sold Interest Expense |
|
1.62 |
0.92 |
1.88 |
2.63 |
0.90 |
0.61 |
2.18 |
1.59 |
2.55 |
0.70 |
0.62 |
| Total Non-Interest Income |
|
81 |
100 |
78 |
87 |
94 |
96 |
94 |
133 |
130 |
110 |
122 |
| Trust Fees by Commissions |
|
27 |
28 |
28 |
29 |
29 |
30 |
30 |
36 |
40 |
39 |
40 |
| Service Charges on Deposit Accounts |
|
19 |
19 |
18 |
19 |
20 |
21 |
21 |
24 |
28 |
28 |
27 |
| Other Service Charges |
|
26 |
24 |
25 |
28 |
32 |
34 |
33 |
59 |
43 |
23 |
37 |
| Net Realized & Unrealized Capital Gains on Investments |
|
-0.24 |
21 |
-0.02 |
0.00 |
-0.08 |
-0.12 |
-0.08 |
-0.04 |
0.01 |
0.07 |
0.08 |
| Other Non-Interest Income |
|
9.63 |
9.19 |
6.33 |
10 |
13 |
12 |
9.89 |
14 |
20 |
20 |
19 |
| Provision for Credit Losses |
|
19 |
12 |
19 |
36 |
28 |
27 |
31 |
107 |
27 |
33 |
35 |
| Total Non-Interest Expense |
|
245 |
284 |
262 |
283 |
272 |
277 |
268 |
385 |
446 |
386 |
365 |
| Salaries and Employee Benefits |
|
132 |
142 |
150 |
159 |
147 |
147 |
148 |
202 |
211 |
187 |
184 |
| Net Occupancy & Equipment Expense |
|
55 |
56 |
56 |
59 |
60 |
60 |
60 |
74 |
83 |
80 |
78 |
| Marketing Expense |
|
9.45 |
11 |
11 |
11 |
11 |
13 |
12 |
14 |
15 |
14 |
16 |
| Property & Liability Insurance Claims |
|
9.00 |
28 |
11 |
9.68 |
12 |
12 |
9.70 |
13 |
14 |
11 |
14 |
| Other Operating Expenses |
|
31 |
35 |
27 |
33 |
31 |
33 |
28 |
56 |
89 |
57 |
40 |
| Amortization Expense |
|
6.04 |
5.87 |
5.46 |
7.43 |
7.41 |
7.24 |
6.83 |
20 |
26 |
26 |
26 |
| Other Special Charges |
|
2.64 |
7.20 |
2.75 |
2.75 |
3.28 |
4.56 |
3.42 |
5.82 |
7.06 |
9.82 |
7.11 |
| Income Tax Expense |
|
44 |
36 |
32 |
35 |
41 |
32 |
37 |
30 |
50 |
55 |
62 |
| 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 |
|
$0.49 |
$0.45 |
$0.40 |
$0.37 |
$0.44 |
$0.48 |
$0.45 |
$0.34 |
$0.46 |
$0.55 |
$0.60 |
| Weighted Average Basic Shares Outstanding |
|
290.65M |
290.75M |
290.98M |
315.59M |
315.62M |
309.50M |
315.93M |
360.16M |
389.04M |
363.51M |
385.85M |
| Diluted Earnings per Share |
|
$0.49 |
$0.44 |
$0.40 |
$0.37 |
$0.44 |
$0.47 |
$0.44 |
$0.34 |
$0.46 |
$0.55 |
$0.59 |
| Weighted Average Diluted Shares Outstanding |
|
291.72M |
291.86M |
292.21M |
316.46M |
317.33M |
311.00M |
321.02M |
361.44M |
390.50M |
365.46M |
388.05M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
292.62M |
292.70M |
318.97M |
318.97M |
318.97M |
318.98M |
319.75M |
391.86M |
390.77M |
389.67M |
386.37M |
| 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 |
$0.15 |
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 |
2025 |
| Net Change in Cash & Equivalents |
|
-20 |
36 |
35 |
27 |
-41 |
313 |
232 |
-94 |
447 |
53 |
598 |
| Net Cash From Operating Activities |
|
124 |
25 |
250 |
234 |
234 |
220 |
330 |
814 |
516 |
622 |
681 |
| Net Cash From Continuing Operating Activities |
|
124 |
25 |
250 |
234 |
234 |
220 |
330 |
814 |
516 |
622 |
681 |
| Net Income / (Loss) Continuing Operations |
|
117 |
134 |
96 |
191 |
238 |
226 |
278 |
428 |
582 |
539 |
669 |
| Consolidated Net Income / (Loss) |
|
117 |
134 |
96 |
191 |
238 |
226 |
278 |
428 |
582 |
539 |
669 |
| Provision For Loan Losses |
|
2.92 |
0.96 |
3.05 |
- |
4.75 |
43 |
-30 |
145 |
59 |
111 |
198 |
| Depreciation Expense |
|
14 |
17 |
22 |
24 |
27 |
29 |
27 |
36 |
38 |
38 |
45 |
| Amortization Expense |
|
30 |
31 |
39 |
52 |
39 |
52 |
34 |
56 |
25 |
7.78 |
-36 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-27 |
-186 |
24 |
-41 |
-76 |
-40 |
-1.05 |
-85 |
-6.87 |
17 |
4.37 |
| Changes in Operating Assets and Liabilities, net |
|
-13 |
28 |
66 |
9.17 |
1.65 |
-90 |
22 |
234 |
-181 |
-90 |
-199 |
| Net Cash From Investing Activities |
|
-501 |
-641 |
-536 |
-271 |
-525 |
-2,141 |
-1,432 |
-1,686 |
-1,819 |
-1,372 |
-1,835 |
| Net Cash From Continuing Investing Activities |
|
-501 |
-641 |
-536 |
-271 |
-525 |
-2,141 |
-1,432 |
-1,686 |
-1,819 |
-1,372 |
-1,835 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-86 |
-225 |
-37 |
-33 |
-37 |
-31 |
-49 |
-38 |
-38 |
-30 |
-44 |
| Purchase of Investment Securities |
|
-1,585 |
-2,070 |
-1,368 |
-1,000 |
-2,224 |
-4,458 |
-3,127 |
-4,835 |
-3,888 |
-3,078 |
-6,070 |
| 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 |
2.37 |
| Divestitures |
|
- |
92 |
- |
61 |
- |
0.00 |
0.00 |
1,913 |
0.00 |
178 |
135 |
| Sale and/or Maturity of Investments |
|
1,159 |
1,545 |
850 |
694 |
1,732 |
2,339 |
1,714 |
1,561 |
2,104 |
1,557 |
4,142 |
| Net Cash From Financing Activities |
|
357 |
652 |
321 |
64 |
251 |
2,235 |
1,334 |
777 |
1,749 |
803 |
1,752 |
| Net Cash From Continuing Financing Activities |
|
357 |
652 |
321 |
64 |
251 |
2,235 |
1,334 |
777 |
1,749 |
803 |
1,752 |
| Net Change in Deposits |
|
89 |
490 |
85 |
262 |
203 |
2,484 |
1,532 |
-436 |
2,234 |
1,028 |
1,402 |
| Issuance of Debt |
|
575 |
925 |
1,205 |
995 |
575 |
950 |
50 |
2,900 |
2,700 |
1,400 |
2,726 |
| Issuance of Common Equity |
|
0.39 |
0.39 |
0.40 |
0.50 |
0.57 |
0.58 |
0.58 |
0.81 |
1.08 |
1.03 |
444 |
| Repayment of Debt |
|
-229 |
-595 |
-968 |
-1,003 |
-382 |
-675 |
-112 |
-1,925 |
-2,233 |
-1,427 |
-2,567 |
| Repurchase of Common Equity |
|
-89 |
-2.04 |
-2.76 |
-1.81 |
-102 |
-82 |
-3.73 |
-71 |
-44 |
-8.88 |
-72 |
| Payment of Dividends |
|
-56 |
-68 |
-73 |
-82 |
-89 |
-93 |
-93 |
-178 |
-180 |
-191 |
-225 |
| Other Financing Activities, Net |
|
66 |
-99 |
74 |
-106 |
46 |
-349 |
-40 |
487 |
-729 |
-0.01 |
43 |
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 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| Net Change in Cash & Equivalents |
|
466 |
-488 |
-236 |
294 |
-41 |
36 |
12 |
569 |
-126 |
144 |
-72 |
| Net Cash From Operating Activities |
|
229 |
73 |
104 |
161 |
121 |
236 |
108 |
73 |
341 |
159 |
206 |
| Net Cash From Continuing Operating Activities |
|
229 |
73 |
104 |
161 |
121 |
236 |
108 |
73 |
341 |
159 |
206 |
| Net Income / (Loss) Continuing Operations |
|
148 |
132 |
120 |
121 |
144 |
154 |
145 |
125 |
183 |
217 |
234 |
| Consolidated Net Income / (Loss) |
|
148 |
132 |
120 |
121 |
144 |
154 |
145 |
125 |
183 |
217 |
234 |
| Provision For Loan Losses |
|
19 |
12 |
19 |
36 |
28 |
27 |
31 |
107 |
27 |
33 |
35 |
| Depreciation Expense |
|
9.78 |
10 |
9.68 |
9.27 |
9.50 |
9.66 |
9.55 |
11 |
12 |
13 |
12 |
| Amortization Expense |
|
10 |
12 |
9.34 |
13 |
14 |
15 |
1.89 |
-26 |
-13 |
-9.68 |
-11 |
| Non-Cash Adjustments to Reconcile Net Income |
|
2.38 |
-28 |
-3.05 |
-22 |
-16 |
16 |
7.96 |
-22 |
-0.68 |
30 |
3.21 |
| Changes in Operating Assets and Liabilities, net |
|
39 |
-65 |
-51 |
4.13 |
-58 |
14 |
-87 |
-122 |
134 |
-124 |
-67 |
| Net Cash From Investing Activities |
|
-270 |
-257 |
-766 |
-191 |
-298 |
-117 |
-271 |
-414 |
-451 |
-699 |
-1,083 |
| Net Cash From Continuing Investing Activities |
|
-270 |
-257 |
-766 |
-191 |
-298 |
-117 |
-271 |
-414 |
-451 |
-699 |
-1,083 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-11 |
-10 |
-8.48 |
-9.37 |
-5.67 |
-6.76 |
-5.80 |
-8.80 |
-7.59 |
-22 |
-13 |
| Purchase of Investment Securities |
|
-1,013 |
-869 |
-1,127 |
-890 |
-593 |
-468 |
-682 |
-3,157 |
-886 |
-1,346 |
-1,999 |
| Sale of Property, Leasehold Improvements and Equipment |
|
1.14 |
- |
0.00 |
- |
1.59 |
- |
1.19 |
- |
1.18 |
- |
0.15 |
| Sale and/or Maturity of Investments |
|
753 |
622 |
369 |
531 |
299 |
357 |
416 |
2,554 |
503 |
669 |
929 |
| Net Cash From Financing Activities |
|
507 |
-304 |
426 |
323 |
135 |
-82 |
174 |
910 |
-16 |
683 |
805 |
| Net Cash From Continuing Financing Activities |
|
507 |
-304 |
426 |
323 |
135 |
-82 |
174 |
910 |
-16 |
683 |
805 |
| Net Change in Deposits |
|
1,021 |
-17 |
464 |
-261 |
847 |
-22 |
211 |
442 |
667 |
82 |
584 |
| Issuance of Debt |
|
-150 |
250 |
750 |
950 |
-300 |
- |
301 |
1,150 |
475 |
800 |
2,075 |
| Issuance of Common Equity |
|
0.26 |
0.28 |
0.27 |
0.27 |
0.25 |
0.25 |
0.25 |
443 |
0.27 |
0.32 |
0.33 |
| Repayment of Debt |
|
-305 |
-491 |
-786 |
-483 |
-252 |
99 |
-297 |
-1,399 |
-734 |
-159 |
-1,791 |
| Repurchase of Common Equity |
|
-0.45 |
-0.04 |
-7.18 |
-1.28 |
-0.29 |
-0.14 |
-14 |
-7.96 |
-25 |
-25 |
-104 |
| Payment of Dividends |
|
-45 |
-45 |
-45 |
-49 |
-49 |
-49 |
-49 |
-59 |
-59 |
-59 |
-60 |
| Other Financing Activities, Net |
|
-14 |
-0.53 |
50 |
166 |
-111 |
-111 |
21 |
340 |
-340 |
43 |
100 |
| Cash Interest Paid |
|
197 |
- |
242 |
271 |
285 |
- |
258 |
321 |
346 |
- |
308 |
| Cash Income Taxes Paid |
|
71 |
- |
2.43 |
36 |
16 |
- |
2.17 |
42 |
10 |
- |
11 |
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 |
2025 |
| Total Assets |
|
11,992 |
14,860 |
17,518 |
19,728 |
20,412 |
22,961 |
24,454 |
46,763 |
49,090 |
53,552 |
72,152 |
| Cash and Due from Banks |
|
91 |
209 |
223 |
284 |
235 |
268 |
173 |
453 |
431 |
394 |
592 |
| Interest Bearing Deposits at Other Banks |
|
129 |
46 |
68 |
33 |
42 |
322 |
649 |
275 |
744 |
834 |
1,235 |
| Trading Account Securities |
|
3,294 |
3,547 |
3,886 |
4,650 |
5,439 |
6,036 |
7,431 |
9,927 |
6,825 |
10,540 |
14,462 |
| 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 |
48,195 |
| Loans and Leases |
|
6,948 |
9,011 |
11,118 |
12,244 |
- |
13,786 |
13,602 |
31,124 |
32,992 |
36,286 |
48,764 |
| Allowance for Loan and Lease Losses |
|
52 |
50 |
50 |
55 |
55 |
131 |
107 |
304 |
308 |
393 |
570 |
| Premises and Equipment, Net |
|
197 |
430 |
458 |
486 |
491 |
464 |
476 |
557 |
565 |
589 |
691 |
| Goodwill |
|
585 |
655 |
828 |
1,036 |
1,037 |
1,037 |
1,037 |
1,999 |
1,999 |
2,175 |
2,426 |
| Intangible Assets |
|
35 |
38 |
53 |
77 |
60 |
46 |
35 |
126 |
102 |
121 |
482 |
| Other Assets |
|
740 |
858 |
917 |
973 |
13,163 |
1,132 |
1,158 |
2,605 |
5,739 |
3,006 |
4,071 |
| Total Liabilities & Shareholders' Equity |
|
11,992 |
14,860 |
17,518 |
19,728 |
20,412 |
22,961 |
24,454 |
46,763 |
49,090 |
53,552 |
72,152 |
| Total Liabilities |
|
10,500 |
13,046 |
15,364 |
17,039 |
17,559 |
19,988 |
21,442 |
41,635 |
43,527 |
47,212 |
63,657 |
| Non-Interest Bearing Deposits |
|
2,489 |
3,016 |
3,681 |
3,965 |
4,042 |
5,634 |
6,303 |
11,931 |
9,664 |
9,399 |
13,247 |
| Interest Bearing Deposits |
|
5,912 |
7,727 |
8,925 |
10,385 |
10,511 |
11,404 |
12,266 |
23,070 |
27,571 |
31,425 |
41,841 |
| Federal Funds Purchased and Securities Sold |
|
291 |
213 |
335 |
270 |
350 |
1.17 |
0.28 |
581 |
0.39 |
0.39 |
100 |
| Short-Term Debt |
|
606 |
586 |
634 |
610 |
328 |
431 |
689 |
433 |
1,050 |
269 |
261 |
| Long-Term Debt |
|
1,023 |
1,353 |
1,610 |
1,613 |
2,067 |
2,244 |
1,886 |
4,572 |
4,281 |
5,142 |
7,090 |
| Other Long-Term Liabilities |
|
179 |
150 |
180 |
195 |
261 |
274 |
297 |
1,048 |
961 |
977 |
1,118 |
| Total Equity & Noncontrolling Interests |
|
1,491 |
1,814 |
2,154 |
2,690 |
2,852 |
2,973 |
3,012 |
5,129 |
5,563 |
6,340 |
8,495 |
| Total Preferred & Common Equity |
|
1,491 |
1,814 |
2,154 |
2,690 |
2,852 |
2,973 |
3,012 |
5,129 |
5,563 |
6,340 |
8,495 |
| Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
231 |
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 |
8,264 |
| Common Stock |
|
1,202 |
1,483 |
1,792 |
2,207 |
2,114 |
2,041 |
2,046 |
4,467 |
4,453 |
4,890 |
6,334 |
| Retained Earnings |
|
324 |
390 |
413 |
528 |
682 |
784 |
968 |
1,217 |
1,619 |
1,966 |
2,409 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-35 |
-59 |
-50 |
-45 |
56 |
148 |
-2.38 |
-786 |
-739 |
-746 |
-479 |
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 |
Q2 2025 |
Q3 2025 |
Q1 2026 |
| Total Assets |
|
46,216 |
47,843 |
48,497 |
49,059 |
49,535 |
53,120 |
53,602 |
53,878 |
70,980 |
71,210 |
73,003 |
| Cash and Due from Banks |
|
467 |
387 |
473 |
381 |
351 |
429 |
498 |
486 |
638 |
492 |
537 |
| Interest Bearing Deposits at Other Banks |
|
335 |
727 |
725 |
1,282 |
589 |
804 |
693 |
754 |
1,171 |
1,191 |
1,217 |
| Trading Account Securities |
|
10,011 |
6,759 |
6,572 |
6,485 |
6,896 |
10,244 |
10,553 |
10,829 |
14,130 |
11,625 |
14,488 |
| Loans and Leases, Net of Allowance |
|
30,227 |
31,524 |
32,132 |
32,274 |
33,304 |
35,784 |
36,020 |
36,012 |
47,338 |
47,396 |
49,157 |
| Loans and Leases |
|
30,529 |
31,822 |
32,432 |
32,578 |
33,623 |
36,151 |
36,401 |
36,414 |
47,903 |
47,968 |
49,732 |
| Allowance for Loan and Lease Losses |
|
302 |
299 |
301 |
304 |
320 |
366 |
381 |
402 |
565 |
572 |
574 |
| Premises and Equipment, Net |
|
588 |
567 |
564 |
566 |
564 |
602 |
600 |
585 |
683 |
692 |
690 |
| Goodwill |
|
2,003 |
1,999 |
1,999 |
1,999 |
1,999 |
2,171 |
2,177 |
2,175 |
2,410 |
2,419 |
2,430 |
| Intangible Assets |
|
133 |
120 |
114 |
108 |
97 |
135 |
128 |
114 |
534 |
508 |
457 |
| Other Assets |
|
2,432 |
5,750 |
5,803 |
5,843 |
5,736 |
2,951 |
2,933 |
2,923 |
4,076 |
6,888 |
4,027 |
| Total Liabilities & Shareholders' Equity |
|
46,216 |
47,843 |
48,497 |
49,059 |
49,535 |
53,120 |
53,602 |
53,878 |
70,980 |
71,210 |
73,003 |
| Total Liabilities |
|
41,272 |
42,565 |
43,205 |
43,820 |
43,940 |
47,045 |
47,235 |
47,343 |
62,853 |
62,901 |
64,492 |
| Non-Interest Bearing Deposits |
|
12,400 |
10,995 |
10,533 |
10,091 |
9,258 |
9,336 |
9,429 |
9,186 |
12,653 |
12,692 |
12,927 |
| Interest Bearing Deposits |
|
23,654 |
23,923 |
25,698 |
27,161 |
28,442 |
30,663 |
31,416 |
31,848 |
41,705 |
42,315 |
42,745 |
| Federal Funds Purchased and Securities Sold |
|
301 |
619 |
136 |
0.92 |
50 |
250 |
135 |
0.17 |
340 |
0.00 |
201 |
| Short-Term Debt |
|
438 |
1,140 |
1,127 |
1,143 |
1,088 |
241 |
245 |
290 |
298 |
1,103 |
265 |
| Long-Term Debt |
|
3,526 |
4,982 |
4,771 |
4,413 |
4,193 |
5,594 |
5,069 |
5,157 |
6,708 |
5,663 |
7,358 |
| Other Long-Term Liabilities |
|
954 |
907 |
939 |
1,011 |
909 |
960 |
940 |
862 |
1,150 |
1,128 |
996 |
| Total Equity & Noncontrolling Interests |
|
4,943 |
5,277 |
5,292 |
5,240 |
5,595 |
6,075 |
6,367 |
6,535 |
8,126 |
8,309 |
8,511 |
| Total Preferred & Common Equity |
|
4,943 |
5,277 |
5,292 |
5,240 |
5,595 |
6,075 |
6,367 |
6,535 |
8,126 |
8,309 |
8,511 |
| Preferred Stock |
|
231 |
231 |
231 |
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 |
7,896 |
8,079 |
8,280 |
| Common Stock |
|
4,459 |
4,437 |
4,442 |
4,447 |
4,451 |
4,870 |
4,880 |
4,891 |
6,368 |
6,352 |
6,241 |
| Retained Earnings |
|
1,062 |
1,319 |
1,429 |
1,531 |
1,694 |
1,766 |
1,861 |
2,061 |
2,127 |
2,251 |
2,582 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-808 |
-708 |
-809 |
-969 |
-780 |
-791 |
-604 |
-649 |
-600 |
-524 |
-543 |
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 |
2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| 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 |
$1.80 |
| 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 |
363.51M |
| 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 |
$1.79 |
| 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 |
365.46M |
| 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 |
$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 |
389.67M |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
389,673,000.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
389,673,000.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
0.60 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
-0.21% |
-16.48% |
-4.02% |
2.56% |
6.54% |
5.48% |
10.94% |
36.08% |
45.12% |
- |
44.34% |
| EBITDA Growth |
|
4.48% |
-33.78% |
-18.08% |
-20.40% |
-1.80% |
10.65% |
18.75% |
-14.87% |
18.57% |
- |
53.86% |
| EBIT Growth |
|
7.34% |
-35.63% |
-18.75% |
-22.70% |
-3.69% |
10.34% |
18.85% |
-0.49% |
25.67% |
- |
62.63% |
| NOPAT Growth |
|
5.51% |
-34.00% |
-17.95% |
-21.81% |
-2.76% |
16.15% |
20.26% |
3.45% |
26.96% |
- |
61.53% |
| Net Income Growth |
|
5.51% |
-34.00% |
-17.95% |
-21.81% |
-2.76% |
16.15% |
20.26% |
3.45% |
26.96% |
- |
61.53% |
| EPS Growth |
|
4.26% |
-43.59% |
-18.37% |
-28.85% |
-10.20% |
6.82% |
10.00% |
-8.11% |
4.55% |
- |
34.09% |
| Operating Cash Flow Growth |
|
-7.92% |
-42.71% |
94.14% |
-0.03% |
-46.98% |
223.72% |
3.82% |
-54.73% |
181.24% |
- |
90.50% |
| Free Cash Flow Firm Growth |
|
45.55% |
85.55% |
138.41% |
61.94% |
57.31% |
-12.14% |
-249.40% |
-417.11% |
-332.47% |
- |
-307.82% |
| Invested Capital Growth |
|
21.19% |
7.50% |
-4.59% |
6.44% |
8.21% |
7.87% |
10.16% |
27.05% |
29.06% |
- |
34.65% |
| Revenue Q/Q Growth |
|
-1.68% |
1.86% |
-6.57% |
9.61% |
2.14% |
0.84% |
-1.74% |
34.45% |
8.92% |
- |
0.63% |
| EBITDA Q/Q Growth |
|
-5.23% |
-10.25% |
-9.82% |
3.78% |
16.91% |
1.13% |
-3.22% |
-31.06% |
64.39% |
- |
8.11% |
| EBIT Q/Q Growth |
|
-5.06% |
-12.23% |
-9.43% |
2.43% |
18.28% |
0.55% |
-2.44% |
-14.24% |
49.38% |
- |
8.74% |
| NOPAT Q/Q Growth |
|
-4.62% |
-10.41% |
-9.21% |
0.79% |
18.62% |
7.00% |
-5.99% |
-13.31% |
45.58% |
- |
7.87% |
| Net Income Q/Q Growth |
|
-4.62% |
-10.41% |
-9.21% |
0.79% |
18.62% |
7.00% |
-5.99% |
-13.31% |
45.58% |
- |
7.87% |
| EPS Q/Q Growth |
|
-5.77% |
-10.20% |
-9.09% |
-7.50% |
18.92% |
6.82% |
-6.38% |
-22.73% |
35.29% |
- |
7.27% |
| Operating Cash Flow Q/Q Growth |
|
42.09% |
-68.17% |
43.12% |
54.44% |
-24.64% |
94.33% |
-54.10% |
-32.65% |
368.14% |
- |
29.50% |
| Free Cash Flow Firm Q/Q Growth |
|
-10.57% |
63.91% |
202.44% |
-193.13% |
-24.02% |
5.21% |
-36.47% |
-222.33% |
-3.72% |
- |
-1.04% |
| Invested Capital Q/Q Growth |
|
-3.53% |
0.92% |
-0.16% |
9.51% |
-1.92% |
0.60% |
1.96% |
26.30% |
-0.37% |
- |
1.81% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
46.54% |
41.01% |
39.58% |
37.48% |
42.90% |
43.02% |
42.37% |
21.73% |
32.79% |
- |
42.73% |
| EBIT Margin |
|
42.14% |
36.31% |
35.20% |
32.90% |
38.09% |
37.98% |
37.71% |
24.05% |
32.99% |
- |
42.49% |
| Profit (Net Income) Margin |
|
32.43% |
28.52% |
27.72% |
25.48% |
29.60% |
31.41% |
30.05% |
19.37% |
25.89% |
- |
33.63% |
| Tax Burden Percent |
|
76.95% |
78.54% |
78.73% |
77.47% |
77.70% |
82.68% |
79.67% |
80.54% |
78.49% |
- |
79.14% |
| 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 |
|
23.05% |
21.46% |
21.27% |
22.53% |
22.30% |
17.32% |
20.33% |
19.46% |
21.51% |
- |
20.86% |
| Return on Invested Capital (ROIC) |
|
6.35% |
4.98% |
4.53% |
4.04% |
4.90% |
5.23% |
5.08% |
3.02% |
4.50% |
- |
6.55% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.35% |
4.98% |
4.53% |
4.04% |
4.90% |
5.23% |
5.08% |
3.02% |
4.50% |
- |
6.55% |
| Return on Net Nonoperating Assets (RNNOA) |
|
5.93% |
4.82% |
4.75% |
4.17% |
4.59% |
4.72% |
4.49% |
2.73% |
3.70% |
- |
5.69% |
| Return on Equity (ROE) |
|
12.28% |
9.80% |
9.27% |
8.21% |
9.49% |
9.95% |
9.58% |
5.74% |
8.20% |
- |
12.24% |
| Cash Return on Invested Capital (CROIC) |
|
-12.56% |
-1.70% |
9.68% |
-1.72% |
-3.28% |
-2.81% |
-4.74% |
-19.63% |
-20.84% |
- |
-24.14% |
| Operating Return on Assets (OROA) |
|
1.71% |
1.39% |
1.31% |
1.18% |
1.38% |
1.40% |
1.41% |
0.82% |
1.23% |
- |
1.83% |
| Return on Assets (ROA) |
|
1.31% |
1.09% |
1.04% |
0.92% |
1.07% |
1.15% |
1.12% |
0.66% |
0.96% |
- |
1.45% |
| Return on Common Equity (ROCE) |
|
11.72% |
9.38% |
8.88% |
7.87% |
9.11% |
9.56% |
9.21% |
5.56% |
7.94% |
- |
11.86% |
| Return on Equity Simple (ROE_SIMPLE) |
|
12.41% |
0.00% |
9.93% |
8.59% |
8.13% |
0.00% |
8.62% |
6.99% |
7.30% |
- |
8.91% |
| Net Operating Profit after Tax (NOPAT) |
|
148 |
132 |
120 |
121 |
144 |
154 |
145 |
125 |
183 |
- |
234 |
| NOPAT Margin |
|
32.43% |
28.52% |
27.72% |
25.48% |
29.60% |
31.41% |
30.05% |
19.37% |
25.89% |
- |
33.63% |
| 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 |
|
42.91% |
44.83% |
49.81% |
48.29% |
45.05% |
44.85% |
45.74% |
44.85% |
43.93% |
- |
40.09% |
| Operating Expenses to Revenue |
|
53.68% |
61.19% |
60.44% |
59.49% |
56.04% |
56.50% |
55.76% |
59.44% |
63.22% |
- |
52.48% |
| Earnings before Interest and Taxes (EBIT) |
|
192 |
169 |
153 |
156 |
185 |
186 |
182 |
156 |
233 |
- |
295 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
212 |
191 |
172 |
178 |
208 |
211 |
204 |
141 |
231 |
- |
297 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.82 |
0.90 |
0.94 |
0.94 |
0.89 |
1.13 |
1.07 |
0.86 |
1.06 |
- |
1.04 |
| Price to Tangible Book Value (P/TBV) |
|
1.42 |
1.48 |
1.55 |
1.55 |
1.43 |
1.82 |
1.68 |
1.38 |
1.67 |
- |
1.60 |
| Price to Revenue (P/Rev) |
|
2.13 |
2.61 |
2.78 |
3.00 |
2.94 |
3.67 |
3.50 |
3.24 |
3.70 |
- |
3.15 |
| Price to Earnings (P/E) |
|
6.49 |
8.47 |
9.36 |
10.84 |
10.89 |
13.24 |
12.35 |
12.37 |
14.57 |
- |
11.60 |
| Dividend Yield |
|
3.98% |
3.42% |
3.24% |
3.26% |
3.00% |
2.58% |
2.64% |
2.62% |
2.55% |
- |
2.56% |
| Earnings Yield |
|
15.42% |
11.80% |
10.68% |
9.22% |
9.18% |
7.56% |
8.10% |
8.08% |
6.86% |
- |
8.62% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.76 |
0.84 |
0.88 |
0.87 |
0.84 |
0.96 |
0.93 |
0.81 |
0.92 |
- |
0.91 |
| Enterprise Value to Revenue (EV/Rev) |
|
4.27 |
5.00 |
5.29 |
5.64 |
5.28 |
6.01 |
5.79 |
5.82 |
5.99 |
- |
5.37 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
8.82 |
10.98 |
12.05 |
13.70 |
13.10 |
14.74 |
13.97 |
15.77 |
17.11 |
- |
15.41 |
| Enterprise Value to EBIT (EV/EBIT) |
|
9.75 |
12.22 |
13.44 |
15.39 |
14.80 |
16.66 |
15.79 |
17.29 |
18.41 |
- |
15.40 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
12.66 |
15.77 |
17.32 |
19.77 |
18.95 |
21.03 |
19.87 |
21.58 |
22.94 |
- |
19.40 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
14.43 |
17.78 |
16.98 |
18.20 |
21.37 |
18.22 |
17.88 |
22.76 |
18.36 |
- |
18.87 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
8.92 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
1.06 |
0.96 |
0.94 |
0.96 |
0.83 |
0.85 |
0.83 |
0.86 |
0.81 |
- |
0.90 |
| Long-Term Debt to Equity |
|
0.84 |
0.77 |
0.75 |
0.92 |
0.80 |
0.70 |
0.79 |
0.83 |
0.68 |
- |
0.86 |
| Financial Leverage |
|
0.93 |
0.97 |
1.05 |
1.03 |
0.94 |
0.90 |
0.88 |
0.90 |
0.82 |
- |
0.87 |
| Leverage Ratio |
|
9.36 |
8.97 |
8.96 |
8.94 |
8.84 |
8.62 |
8.53 |
8.74 |
8.50 |
- |
8.43 |
| Compound Leverage Factor |
|
9.36 |
8.97 |
8.96 |
8.94 |
8.84 |
8.62 |
8.53 |
8.74 |
8.50 |
- |
8.43 |
| Debt to Total Capital |
|
51.46% |
48.93% |
48.55% |
48.99% |
45.49% |
46.05% |
45.46% |
46.30% |
44.88% |
- |
47.25% |
| Short-Term Debt to Total Capital |
|
10.58% |
9.64% |
10.00% |
2.02% |
2.09% |
8.16% |
2.42% |
1.97% |
7.32% |
- |
1.64% |
| Long-Term Debt to Total Capital |
|
40.88% |
39.30% |
38.55% |
46.97% |
43.40% |
37.89% |
43.04% |
44.33% |
37.57% |
- |
45.61% |
| Preferred Equity to Total Capital |
|
2.14% |
2.12% |
2.12% |
1.94% |
1.97% |
1.96% |
1.92% |
1.52% |
1.53% |
- |
1.43% |
| 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 |
|
46.40% |
48.95% |
49.33% |
49.07% |
52.54% |
51.99% |
52.62% |
52.18% |
53.59% |
- |
51.32% |
| Debt to EBITDA |
|
5.95 |
6.37 |
6.61 |
7.75 |
7.09 |
7.03 |
6.80 |
9.02 |
8.32 |
- |
7.99 |
| Net Debt to EBITDA |
|
4.17 |
4.97 |
5.44 |
6.11 |
5.50 |
5.44 |
5.25 |
6.69 |
6.25 |
- |
6.15 |
| Long-Term Debt to EBITDA |
|
4.73 |
5.12 |
5.25 |
7.43 |
6.77 |
5.79 |
6.43 |
8.63 |
6.96 |
- |
7.71 |
| Debt to NOPAT |
|
8.54 |
9.16 |
9.50 |
11.18 |
10.26 |
10.04 |
9.67 |
12.34 |
11.16 |
- |
10.05 |
| Net Debt to NOPAT |
|
5.98 |
7.14 |
7.81 |
8.82 |
7.96 |
7.76 |
7.47 |
9.15 |
8.38 |
- |
7.74 |
| Long-Term Debt to NOPAT |
|
6.79 |
7.36 |
7.55 |
10.72 |
9.79 |
8.26 |
9.15 |
11.82 |
9.34 |
- |
9.70 |
| Noncontrolling Interest Sharing Ratio |
|
4.53% |
4.31% |
4.24% |
4.06% |
3.97% |
3.87% |
3.80% |
3.25% |
3.14% |
- |
3.06% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-1,740 |
-628 |
643 |
-599 |
-743 |
-704 |
-961 |
-3,097 |
-3,212 |
- |
-3,918 |
| Operating Cash Flow to CapEx |
|
2,403.35% |
706.99% |
1,228.87% |
1,718.95% |
2,972.70% |
3,489.56% |
2,346.27% |
828.12% |
5,324.52% |
- |
1,619.09% |
| Free Cash Flow to Firm to Interest Expense |
|
-8.64 |
-2.79 |
2.68 |
-2.18 |
-2.58 |
-2.63 |
-3.96 |
-9.98 |
-9.38 |
- |
-12.85 |
| Operating Cash Flow to Interest Expense |
|
1.14 |
0.32 |
0.44 |
0.58 |
0.42 |
0.88 |
0.45 |
0.24 |
1.00 |
- |
0.68 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
1.09 |
0.28 |
0.40 |
0.55 |
0.41 |
0.85 |
0.43 |
0.21 |
0.98 |
- |
0.63 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.04 |
- |
0.04 |
| Fixed Asset Turnover |
|
3.34 |
3.27 |
3.22 |
3.14 |
3.19 |
3.27 |
3.37 |
3.28 |
3.60 |
- |
4.29 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
10,795 |
10,894 |
10,876 |
11,910 |
11,681 |
11,752 |
11,982 |
15,132 |
15,076 |
- |
16,133 |
| Invested Capital Turnover |
|
0.20 |
0.17 |
0.16 |
0.16 |
0.17 |
0.17 |
0.17 |
0.16 |
0.17 |
- |
0.19 |
| Increase / (Decrease) in Invested Capital |
|
1,888 |
760 |
-523 |
720 |
887 |
858 |
1,105 |
3,222 |
3,395 |
- |
4,152 |
| Enterprise Value (EV) |
|
8,235 |
9,181 |
9,623 |
10,316 |
9,815 |
11,337 |
11,197 |
12,251 |
13,915 |
- |
14,711 |
| Market Capitalization |
|
4,113 |
4,794 |
5,051 |
5,483 |
5,462 |
6,923 |
6,759 |
6,823 |
8,601 |
- |
8,612 |
| Book Value per Share |
|
$17.12 |
$18.22 |
$18.44 |
$18.32 |
$20.97 |
$19.15 |
$19.76 |
$24.69 |
$20.62 |
- |
$21.25 |
| Tangible Book Value per Share |
|
$9.92 |
$11.04 |
$11.24 |
$11.09 |
$13.09 |
$11.96 |
$12.59 |
$15.49 |
$13.15 |
- |
$13.84 |
| Total Capital |
|
10,795 |
10,894 |
10,876 |
11,910 |
11,681 |
11,752 |
11,982 |
15,132 |
15,076 |
- |
16,133 |
| Total Debt |
|
5,555 |
5,331 |
5,281 |
5,835 |
5,314 |
5,411 |
5,447 |
7,006 |
6,766 |
- |
7,623 |
| Total Long-Term Debt |
|
4,413 |
4,281 |
4,193 |
5,594 |
5,069 |
4,453 |
5,157 |
6,708 |
5,663 |
- |
7,358 |
| Net Debt |
|
3,892 |
4,156 |
4,341 |
4,602 |
4,122 |
4,183 |
4,207 |
5,197 |
5,084 |
- |
5,868 |
| Capital Expenditures (CapEx) |
|
9.52 |
10 |
8.48 |
9.37 |
4.08 |
6.76 |
4.61 |
8.80 |
6.41 |
- |
13 |
| 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) |
|
5,555 |
5,331 |
5,281 |
5,835 |
5,314 |
5,411 |
5,447 |
7,006 |
6,766 |
- |
7,623 |
| Total Depreciation and Amortization (D&A) |
|
20 |
22 |
19 |
22 |
23 |
25 |
22 |
-15 |
-1.40 |
- |
1.68 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.49 |
$0.45 |
$0.40 |
$0.37 |
$0.44 |
$0.48 |
$0.45 |
$0.34 |
$0.46 |
$0.55 |
$0.60 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
290.65M |
290.75M |
290.98M |
315.59M |
315.62M |
309.50M |
315.93M |
360.16M |
389.04M |
363.51M |
385.85M |
| Adjusted Diluted Earnings per Share |
|
$0.49 |
$0.44 |
$0.40 |
$0.37 |
$0.44 |
$0.47 |
$0.44 |
$0.34 |
$0.46 |
$0.55 |
$0.59 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
291.72M |
291.86M |
292.21M |
316.46M |
317.33M |
311.00M |
321.02M |
361.44M |
390.50M |
365.46M |
388.05M |
| 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 |
|
292.62M |
292.70M |
318.97M |
318.97M |
318.97M |
318.98M |
319.75M |
391.86M |
390.77M |
389.67M |
386.37M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
150 |
138 |
122 |
123 |
146 |
158 |
147 |
130 |
188 |
- |
239 |
| Normalized NOPAT Margin |
|
32.87% |
29.74% |
28.22% |
25.93% |
30.12% |
32.18% |
30.61% |
20.10% |
26.68% |
- |
34.44% |
| Pre Tax Income Margin |
|
42.14% |
36.31% |
35.20% |
32.90% |
38.09% |
37.98% |
37.71% |
24.05% |
32.99% |
- |
42.49% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.95 |
0.75 |
0.64 |
0.57 |
0.64 |
0.69 |
0.75 |
0.50 |
0.68 |
- |
0.97 |
| NOPAT to Interest Expense |
|
0.73 |
0.59 |
0.50 |
0.44 |
0.50 |
0.57 |
0.60 |
0.40 |
0.53 |
- |
0.77 |
| EBIT Less CapEx to Interest Expense |
|
0.91 |
0.70 |
0.60 |
0.53 |
0.63 |
0.67 |
0.73 |
0.47 |
0.66 |
- |
0.93 |
| NOPAT Less CapEx to Interest Expense |
|
0.69 |
0.54 |
0.47 |
0.41 |
0.48 |
0.55 |
0.58 |
0.38 |
0.51 |
- |
0.72 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
27.68% |
30.93% |
32.39% |
35.21% |
36.20% |
35.45% |
34.56% |
36.10% |
35.48% |
- |
31.19% |
| Augmented Payout Ratio |
|
34.53% |
38.55% |
33.79% |
36.92% |
37.90% |
37.10% |
37.26% |
39.96% |
43.20% |
- |
52.60% |
Key Financial Trends
Old National Bancorp (ONB) delivered a constructive set of trends through 2025 Q4, with stronger net interest income and improving profitability alongside a sizable balance sheet expansion. The quarterly data show NII climbing in 2025, accretive earnings, and a robust equity base, but also highlight asset growth and some credit-guarded risks to monitor.
- Net interest income (NII) rose through 2025, from about $514.8 million in Q2 to $580.8 million in Q4, signaling better core lending margins and funding efficiency.
- Net income attributable to common shareholders climbed in Q3–Q4 2025 (about $178.5 million in Q3 and $212.6 million in Q4), reflecting growing profitability alongside rising NII.
- Loans and leases net of allowance grew to roughly $47.3 billion by Q3 2025, indicating solid loan growth within the balance sheet.
- Total assets expanded into the ~$71 billion range by Q3 2025, showing meaningful balance sheet growth year over year.
- The company maintains a strong equity base, with total common equity around $8.0–8.1 billion in 2025, supporting capital adequacy and payout capacity.
- Diluted earnings per share improved in late 2025, with ~0.55 in Q4 2025 (vs. mid-0.40s in earlier 2025 quarters), reflecting stronger profitability per share.
- Cash dividends to common per share remained at $0.14 across 2025 quarters, signaling a stable payout policy for shareholders.
- Operating cash flow remained positive in recent quarters, with net cash from continuing operating activities around $159.2 million in Q4 2025 and higher in Q3 2025, indicating ongoing cash generation from core earnings.
- Total non-interest income remained reasonably consistent around the low-to-mid $100 millions in several 2025 quarters, helping diversify revenue alongside NII.
- Revenue mix remains favorable, with continued contribution from net interest income as the primary earnings driver and a diversified set of non-interest sources.
- Provision for credit losses spiked in Q2 2025 (about $106.8 million) before moderating in later quarters, highlighting a temporary uptick in reserves that investors may want monitored for signs of credit quality shifts.
- Net realized and unrealized capital gains on investments fluctuated across quarters, introducing some volatility in the non-interest income line, though overall impact appears modest in 2025.
- Accumulated other comprehensive income (AOCI) remained negative in several quarters (reflecting market-driven valuation changes), which can pressure reported equity during periods of interest-rate moves.
- Significant year-to-date asset growth and a large funding base expansion raise sensitivity to credit quality and interest-rate shifts, potentially impacting margin sustainability if loan mix or rates worsen.
- Quarterly non-interest expense showed variability (e.g., notable swings in 2025), which could dampen earnings if expense control tightens or if revenue growth slows.
- A notable spike in loan loss provisions in certain mid-year periods suggests some asset-quality tension, which warrants ongoing watching in future quarters.
- Sharp changes in balance-sheet composition (e.g., rapid asset growth to ~$71B) may imply higher working-capital and liquidity management considerations as the bank scales.
Bottom line for investors: ONB’s 2025 trajectory points to stronger core profitability driven by rising net interest income and improving quarterly earnings, supported by a solid equity base and dividend policy. However, the mid-year increase in loan loss provisions and ongoing asset growth indicate areas to watch as the bank navigates rate changes and credit conditions. For ongoing updates, MarketBeat will track quarterly NII, credit quality indicators, and capital ratios as ONB progresses through 2026.
05/06/26 11:10 AM ETAI Generated. May Contain Errors.