Old National Bancorp (ONB)

Old National Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,127	1,860	1,204	502.43	529.89	585.64
Interest Income on Investments	402.76	346.74	250.46	136.22	133.42	144.75
Total Interest Income	2,529	2,207	1,454	638.65	663.31	730.39
Interest Paid on Deposits	804.34	484.36	49.09	10.95	28.17	69.36
Interest Paid on Borrowings	223.97	219.31	77.17	31.3	39.05	56.75
Total Interest Expense	1,028	703.67	126.27	42.25	67.21	126.11
Net Interest Income	1,501	1,503	1,328	596.4	596.09	604.27
Net Interest Income Growth (YoY)	-1.88%	13.19%	122.66%	0.05%	-1.35%	12.40%
Trust Income	114.44	107.78	100.85	65.05	36.81	37.07
Mortgage Banking Activities	22.9	16.32	23.02	42.56	62.78	26.62
Gain (Loss) on Sale of Assets	-	-	90.67	-	-	-
Gain (Loss) on Sale of Investments	4.75	0	-11.05	-2.44	-8.02	-0.83
Other Non-Interest Income	124.7	121.92	112.83	70.63	96.37	88.79
Total Non-Interest Income	343.05	317.98	388.82	207.45	220.49	196.57
Non-Interest Income Growth (YoY)	-10.86%	-18.22%	87.43%	-5.91%	12.17%	14.05%
Revenues Before Loan Losses	1,844	1,821	1,717	803.85	816.58	800.84
Provision for Loan Losses	95.2	58.89	144.8	-29.62	42.88	4.75
Revenue	1,749	1,762	1,572	833.47	773.7	796.09
Revenue Growth (YoY)	-5.77%	12.11%	88.60%	7.73%	-2.81%	13.24%
Salaries and Employee Benefits	549.58	498.15	529.07	266.8	276.38	271.66
Occupancy Expenses	5.18	2.92	2.67	2.36	1.04	0.65
Federal Deposit Insurance	57.42	56.73	19.33	6.06	6.72	6.03
Amortization of Goodwill & Intangibles	26.16	24.16	25.86	11.34	14.09	16.91
Selling, General & Administrative	368.11	348.3	346.96	176.36	165.62	176.34
Other Non-Interest Expense	76.42	80.68	103.33	31.7	54.29	34.14
Total Non-Interest Expense	1,083	1,011	1,027	494.61	518.15	505.74
EBT Excluding Unusual Items	666	751.3	544.73	338.86	255.56	290.36
Pretax Income	663.01	751.3	544.73	338.86	255.56	290.36
Income Tax Expense	145.21	169.31	116.45	61.32	29.15	52.15
Net Income	517.8	581.99	428.29	277.54	226.41	238.21
Preferred Dividends & Other Adjustments	16.14	16.14	14.12	-	-	-
Net Income to Common	501.66	565.86	414.17	277.54	226.41	238.21
Net Income Growth	-20.37%	35.89%	54.32%	22.58%	-4.95%	24.83%
Basic Shares Outstanding	303	291	275	165	166	172
Diluted Shares Outstanding	304	292	277	166	166	173
Shares Change (YoY)	4.19%	5.48%	66.75%	-0.15%	-3.77%	10.32%
EPS (Basic)	1.65	1.95	1.51	1.68	1.37	1.39
EPS (Diluted)	1.65	1.94	1.50	1.67	1.36	1.38
EPS Growth	-24.24%	29.33%	-10.18%	22.79%	-1.45%	13.11%
Dividend Per Share	0.560	0.560	0.560	0.560	0.560	0.520
Dividend Growth	0%	0%	0%	0%	7.69%	0%
Effective Tax Rate	21.90%	22.54%	21.38%	18.10%	11.41%	17.96%

Source: S&P Capital IQ. Banks template. Financial Sources.