OLD NATIONAL BANCORP IN

For the period ended Mar 31, 2024. Filed May 1, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 1, 2024

ONB$25.36+1.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Financial Highlights

The following table sets forth certain financial highlights of Old National for the previous five quarters:

	Three Months Ended
(dollars and shares in thousands,except per share data)	March 31,	December 31,	September 30,	June 30,	March 31,
2024 · 2023 · 2023 · 2023 · 2023
Income Statement:
Net interest income	$356,458	$364,408	$375,086	$382,171	$381,488
Taxable equivalent adjustment (1) (3)	6,253	6,100	5,837	5,825	5,666
Net interest income - taxable equivalent basis (3)	362,711	370,508	380,923	387,996	387,154
Provision for credit losses	18,891	11,595	19,068	14,787	13,437
Noninterest income	77,522	100,094	80,938	81,629	70,681
Noninterest expense	262,317	284,235	244,776	246,584	250,711
Net income available to common shareholders	116,250	128,446	143,842	151,003	142,566
Per Common Share Data:
Weighted average diluted common shares	292,207	292,029	291,717	291,266	292,756
Net income (diluted)	$0.40	$0.44	$0.49	$0.52	$0.49
Cash dividends	0.14	0.14	0.14	0.14	0.14
Common dividend payout ratio (2)	35%	32%	29%	27%	29%
Book value	$18.24	$18.18	$17.07	$17.25	$17.24
Stock price	17.41	16.89	14.54	13.94	14.42
Tangible common book value (3)	11.10	11.00	9.87	10.03	9.98
Performance Ratios:
Return on average assets	0.98%	1.09%	1.22%	1.29%	1.25%
Return on average common equity	8.74	10.20	11.39	12.01	11.58
Return on average tangible common equity (3)	14.93	18.11	20.18	21.35	21.03
Net interest margin (3)	3.28	3.39	3.49	3.60	3.69
Efficiency ratio (3)	58.34	59.05	51.66	51.22	52.81
Net charge-offs (recoveries) to average loans	0.14	0.12	0.24	0.13	0.21
Allowance for credit losses on loans to ending loans	0.95	0.93	0.93	0.93	0.94
Allowance for credit losses (4) to ending loans	1.03	1.03	1.03	1.04	1.05
Non-performing loans to ending loans	0.98	0.83	0.80	0.91	0.74
Balance Sheet:
Total loans	$33,623,319	$32,991,927	$32,577,834	$32,432,473	$31,822,374
Total assets	49,534,918	49,089,836	49,059,448	48,496,755	47,842,644
Total deposits	37,699,418	37,235,180	37,252,676	36,231,315	34,917,792
Total borrowed funds	5,331,161	5,331,147	5,556,010	6,034,008	6,740,454
Total shareholders’ equity	5,595,408	5,562,900	5,239,537	5,292,095	5,277,426
Capital Ratios:
Risk-based capital ratios:
Tier 1 common equity	10.76%	10.70%	10.41%	10.14%	9.98%
Tier 1	11.40	11.35	11.06	10.79	10.64
Total	12.74	12.64	12.32	12.14	11.96
Leverage ratio (to average assets)	8.96	8.83	8.70	8.59	8.53
Total equity to assets (averages)	11.32	10.81	10.88	10.96	11.00
Tangible common equity to tangible assets (3)	6.86	6.85	6.15	6.33	6.37
Nonfinancial Data:
Full-time equivalent employees	3,955	3,940	3,981	4,021	4,023
Banking centers	258	258	257	256	256

(1)Calculated using the federal statutory tax rate in effect of 21% for all periods.

(2)Cash dividends per common share divided by net income per common share (basic).

(3)Represents a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures” section for reconciliations to GAAP financial measures.

(4)Includes the allowance for credit losses on loans and unfunded loan commitments.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.