NASDAQ : ONB
Old National Bancorp — Financial statements
Financials · Banks - Regional · United States
Last price 25.23 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.54B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 2.93B | 2.69B | 2.19B | 1.86B | 1.20B | 502.43M |
| Interest Income on Investments | 652.57M | 581.30M | 411.70M | 346.74M | 250.46M | 136.22M |
| Total Interest Income | 3.59B | 3.27B | 2.60B | 2.21B | 1.45B | 638.65M |
| Interest Paid on Deposits | 977.51M | 953.22M | 846.26M | 484.36M | 49.09M | 10.95M |
| Interest Paid on Borrowings | 291.72M | 258.76M | 224.61M | 219.31M | 77.17M | 31.30M |
| Total Interest Expense | 1.27B | 1.21B | 1.07B | 703.67M | 126.27M | 42.25M |
| Net Interest Income | 2.32B | 2.06B | 1.53B | 1.50B | 1.33B | 596.40M |
| Trust Income | 163.07M | 144.16M | 116.79M | 107.78M | 100.85M | 65.05M |
| Mortgage Banking Activities | 40.74M | 38.41M | 26.24M | 16.32M | 23.02M | 42.56M |
| Gain (Loss) on Sale of Assets | 90.67M | |||||
| Gain (Loss) on Sale of Investments | -32.75M | -26.16M | -13.54M | 3.00K | -11.05M | -2.44M |
| Other Non-Interest Income | 198.54M | 183.59M | 133.71M | 121.92M | 112.83M | 70.63M |
| Total Non-Interest Income | 481.24M | 440.41M | 341.37M | 317.98M | 388.82M | 207.45M |
| Revenues Before Loan Losses | 2.80B | 2.50B | 1.87B | 1.82B | 1.72B | 803.85M |
| Provision for Loan Losses | 137.48M | 197.72M | 110.62M | 58.89M | 144.80M | -29.62M |
| Revenue | 2.66B | 2.30B | 1.76B | 1.76B | 1.57B | 833.47M |
| Salaries and Employee Benefits | 677.04M | 685.80M | 536.01M | 498.15M | 529.07M | 266.80M |
| Occupancy Expenses | 9.05M | 9.23M | 6.69M | 2.92M | 2.67M | 2.36M |
| Federal Deposit Insurance | 54.77M | 51.39M | 41.69M | 37.63M | 19.33M | 6.06M |
| Amortization of Goodwill & Intangibles | 98.96M | 78.66M | 27.53M | 24.16M | 25.86M | 11.34M |
| Selling, General & Administrative | 498.31M | 492.71M | 394.44M | 348.30M | 346.96M | 176.36M |
| Other Non-Interest Expense | 110.55M | 144.38M | 71.74M | 80.68M | 103.33M | 31.70M |
| Total Non-Interest Expense | 1.45B | 1.46B | 1.08B | 991.84M | 1.03B | 494.61M |
| EBT Excluding Unusual Items | 1.21B | 838.40M | 683.43M | 770.40M | 544.73M | 338.86M |
| Other Unusual Items | 2.99M | 2.99M | -2.99M | -19.10M | ||
| Pretax Income | 1.21B | 841.39M | 680.44M | 751.30M | 544.73M | 338.86M |
| Income Tax Expense | 257.05M | 172.14M | 141.25M | 169.31M | 116.45M | 61.32M |
| Net Income | 957.70M | 669.26M | 539.19M | 581.99M | 428.29M | 277.54M |
| Preferred Dividends & Other Adjustments | 16.14M | 16.14M | 16.14M | 16.14M | 14.12M | |
| Net Income to Common | 941.57M | 653.12M | 523.05M | 565.86M | 414.17M | 277.54M |
| Basic Shares Outstanding | 383.76M | 363.51M | 309.50M | 290.75M | 275.18M | 165.18M |
| Diluted Shares Outstanding | 385.62M | 365.46M | 311.00M | 291.86M | 276.69M | 165.93M |
| EPS (Basic) | 2.45 | 1.80 | 1.69 | 1.95 | 1.51 | 1.68 |
| EPS (Diluted) | 2.45 | 1.79 | 1.68 | 1.94 | 1.50 | 1.67 |
| Dividend Per Share | 0.57 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 |
| Effective Tax Rate | 21.16% | 20.46% | 20.76% | 22.54% | 21.38% | 18.10% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.68B | 1.81B | 1.23B | 1.17B | 728.31M | 807.42M |
| Investment Securities | 5.96B | 6.24B | 5.91B | 6.04B | 5.94B | 3.88B |
| Trading Asset Securities | 319.11M | 170.83M | 146.48M | 166.30M | 169.00M | 74.23M |
| Mortgage-Backed Securities | 9.42B | 9.17B | 5.20B | 4.22B | 4.37B | 3.70B |
| Total Investments | 15.69B | 15.58B | 11.26B | 10.42B | 10.48B | 7.66B |
| Gross Loans | 51.15B | 48.76B | 36.29B | 32.99B | 31.12B | 13.60B |
| Allowance for Loan Losses | -579.66M | -569.52M | -392.52M | -307.61M | -303.67M | -107.34M |
| Net Loans | 50.57B | 48.19B | 35.89B | 32.68B | 30.82B | 13.49B |
| Property, Plant & Equipment | 865.02M | 900.15M | 770.89M | 750.90M | 747.02M | 545.75M |
| Goodwill | 2.43B | 2.43B | 2.18B | 2.00B | 2.00B | 1.04B |
| Other Intangible Assets | 409.34M | 482.29M | 120.85M | 102.25M | 126.41M | 34.68M |
| Loans Held for Sale | 30.46M | 52.91M | 34.48M | 32.01M | 11.93M | 35.46M |
| Accrued Interest Receivable | 308.94M | 306.81M | 233.01M | 225.16M | 190.52M | 84.11M |
| Restricted Cash | 17.67M | 300.00K | 100.00K | 14.60M | ||
| Long-Term Deferred Tax Assets | 589.10M | 473.17M | 456.45M | 423.26M | 435.75M | 32.91M |
| Other Real Estate Owned & Foreclosed | 2.88M | 6.24M | 4.29M | 9.43M | 10.85M | 2.03M |
| Other Long-Term Assets | 1.33B | 1.41B | 996.00M | 900.62M | 898.47M | 540.24M |
| Total Assets | 74.42B | 72.15B | 53.55B | 49.09B | 46.76B | 24.45B |
| Accrued Expenses | 479.88M | 444.11M | 370.58M | 352.11M | 357.44M | 111.50M |
| Interest Bearing Deposits | 44.79B | 38.94B | 29.42B | 26.07B | 22.28B | 12.01B |
| Institutional Deposits | 2.90B | 2.00B | 1.50B | 793.40M | 252.80M | |
| Non-Interest Bearing Deposits | 12.85B | 13.25B | 9.40B | 9.66B | 11.93B | 6.30B |
| Total Deposits | 57.64B | 55.09B | 40.82B | 37.24B | 35.00B | 18.57B |
| Short-Term Borrowings | 752.46M | 369.95M | 357.55M | 269.31M | 962.19M | 42.15M |
| Current Portion of Long-Term Debt | 3.52B | 2.82B | 310.98M | 285.21M | 432.80M | 392.27M |
| Current Portion of Leases | 11.64M | 49.50M | ||||
| Long-Term Debt | 956.65M | 468.15M | 373.30M | 607.27M | 592.89M | 237.44M |
| Federal Home Loan Bank Debt, Long-Term | 2.21B | 3.83B | 4.45B | 4.28B | 3.83B | 1.89B |
| Long-Term Leases | 213.03M | 202.92M | 224.89M | 225.91M | 225.43M | 93.47M |
| Trust Preferred Securities | 198.50M | 198.50M | 136.64M | 136.64M | 136.64M | 42.00M |
| Other Long-Term Liabilities | 152.19M | 187.91M | 161.87M | 134.63M | 97.53M | 67.51M |
| Total Liabilities | 66.13B | 63.66B | 47.21B | 43.53B | 41.63B | 21.44B |
| Preferred Stock, Non-Redeemable | 230.50M | 230.50M | 230.50M | 230.50M | 230.50M | |
| Total Preferred Equity | 230.50M | 230.50M | 230.50M | 230.50M | 230.50M | |
| Common Stock | 378.64M | 389.66M | 318.98M | 292.65M | 292.90M | 165.84M |
| Additional Paid-In Capital | 5.67B | 5.94B | 4.57B | 4.16B | 4.17B | 1.88B |
| Retained Earnings | 2.97B | 2.41B | 1.97B | 1.62B | 1.22B | 968.01M |
| Comprehensive Income & Other | -949.39M | -478.67M | -746.04M | -738.81M | -786.42M | -2.38M |
| Total Common Equity | 8.06B | 8.26B | 6.11B | 5.33B | 4.90B | 3.01B |
| Shareholders' Equity | 8.30B | 8.49B | 6.34B | 5.56B | 5.13B | 3.01B |
| Total Liabilities & Equity | 74.42B | 72.15B | 53.55B | 49.09B | 46.76B | 24.45B |
| Total Debt | 7.86B | 7.94B | 5.86B | 5.81B | 6.18B | 2.69B |
| Net Cash (Debt) | -5.86B | -5.96B | -4.48B | -4.46B | -5.28B | -1.81B |
| Net Cash Per Share | -15.19 | -16.30 | -14.41 | -15.30 | -19.09 | -10.92 |
| Filing Date Shares Outstanding | 378.26M | 389.67M | 318.98M | 292.70M | 292.92M | 165.84M |
| Total Common Shares Outstanding | 378.64M | 389.66M | 318.98M | 292.65M | 292.90M | 165.84M |
| Book Value Per Share | 21.30 | 21.21 | 19.15 | 18.22 | 16.72 | 18.16 |
| Tangible Book Value | 5.23B | 5.36B | 3.81B | 3.23B | 2.77B | 1.94B |
| Tangible Book Value Per Share | 13.80 | 13.75 | 11.96 | 11.04 | 9.47 | 11.70 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 957.70M | 669.26M | 539.19M | 581.99M | 428.29M | 277.54M |
| Depreciation & Amortization | 156.94M | 131.51M | 71.28M | 67.47M | 68.19M | 48.41M |
| Gain (Loss) on Sale of Assets | -90.67M | |||||
| Gain (Loss) on Sale of Investments | -119.00K | 37.00K | 212.00K | -15.37M | 18.77M | 11.98M |
| Provision for Credit Losses | 137.48M | 197.72M | 110.62M | 58.89M | 144.80M | -29.62M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 63.31M | 4.06M | 13.06M | -941.00K | 50.85M | 59.80M |
| Accrued Interest Receivable | -12.59M | -61.39M | 4.06M | -34.64M | -52.91M | 1.20M |
| Change in Other Net Operating Assets | -159.93M | -164.27M | -115.25M | -161.35M | 272.29M | 10.04M |
| Other Operating Activities | -141.34M | -122.40M | -25.39M | -4.54M | -66.94M | -19.77M |
| Operating Cash Flow | 1.02B | 681.47M | 622.28M | 516.34M | 814.42M | 330.38M |
| Capital Expenditures | -44.98M | -44.06M | -30.27M | -38.38M | -37.90M | -48.69M |
| Sale of Property, Plant and Equipment | 347.00K | 2.37M | 1.58M | 3.51M | 4.48M | 29.24M |
| Cash Acquisitions | 135.12M | 177.79M | 1.91B | |||
| Investment in Securities | -268.83M | -687.61M | -391.11M | 167.15M | -464.62M | -1.62B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -3.15B | -1.24B | -1.15B | -1.92B | -3.07B | 206.15M |
| Other Investing Activities | -12.47M | -3.58M | 21.89M | -35.17M | -28.34M | 3.43M |
| Investing Cash Flow | -3.48B | -1.83B | -1.37B | -1.82B | -1.69B | -1.43B |
| Short-Term Debt Issued | 99.81M | 581.21M | ||||
| Long-Term Debt Issued | 2.73B | 1.40B | 2.72B | 3.08B | 86.19M | |
| Total Debt Issued | 4.79B | 2.83B | 1.40B | 2.72B | 3.66B | 86.19M |
| Short-Term Debt Repaid | -5.00K | -581.10M | -890.00K | |||
| Long-Term Debt Repaid | -2.62B | -1.43B | -2.40B | -2.20B | -185.40M | |
| Total Debt Repaid | -4.39B | -2.62B | -1.43B | -2.98B | -2.20B | -186.29M |
| Net Debt Issued (Repaid) | 399.35M | 201.86M | -26.65M | -261.91M | 1.46B | -100.10M |
| Issuance of Common Stock | 1.33M | 444.32M | 1.03M | 1.08M | 809.00K | 583.00K |
| Repurchase of Common Stock | -344.78M | -71.80M | -8.88M | -44.31M | -71.18M | -3.73M |
| Common Dividends Paid | -221.64M | -208.98M | -175.03M | -163.90M | -163.50M | -92.83M |
| Preferred Dividends Paid | -16.14M | -16.14M | -16.14M | -16.14M | -14.12M | |
| Total Dividends Paid | -237.78M | -225.12M | -191.16M | -180.03M | -177.62M | -92.83M |
| Net Increase (Decrease) in Deposit Accounts | 2.63B | 1.40B | 1.03B | 2.23B | -435.72M | 1.53B |
| Other Financing Activities | -2.16M | |||||
| Financing Cash Flow | 2.45B | 1.75B | 802.59M | 1.75B | 777.48M | 1.33B |
| Net Cash Flow | -3.59M | 598.21M | 52.91M | 446.65M | -93.61M | 232.31M |
| Free Cash Flow | 979.63M | 637.41M | 592.01M | 477.97M | 776.52M | 281.69M |
| Free Cash Flow Margin | 36.82% | 27.71% | 33.61% | 27.12% | 49.40% | 33.80% |
| Free Cash Flow Per Share | 2.54 | 1.74 | 1.90 | 1.64 | 2.81 | 1.70 |
| Cash Interest Paid | 1.27B | 1.24B | 1.07B | 666.12M | 118.17M | 42.20M |
| Cash Income Tax Paid | 165.09M | 154.29M | 100.58M | 190.30M | 66.11M | 31.88M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.75B | 8.72B | 6.92B | 4.94B | 5.27B | 3.00B |
| Last Close Price | 25.09 | 21.92 | 20.79 | 15.69 | 16.09 | 15.70 |
| PE Ratio | 10.52 | 13.35 | 13.24 | 8.73 | 12.71 | 10.83 |
| PS Ratio | 3.67 | 3.79 | 3.93 | 2.81 | 3.35 | 3.60 |
| PB Ratio | 1.18 | 1.03 | 1.09 | 0.89 | 1.03 | 1.00 |
| P/FCF Ratio | 9.95 | 13.68 | 11.69 | 10.34 | 6.78 | 10.67 |
| P/OCF Ratio | 9.52 | 12.79 | 11.13 | 9.57 | 6.47 | 9.09 |
| Debt / Equity Ratio | 0.95 | 0.93 | 0.92 | 1.04 | 1.21 | 0.89 |
| Debt / FCF Ratio | 8.02 | 12.45 | 9.89 | 12.14 | 7.96 | 9.56 |
| Net Debt / Equity Ratio | 0.71 | 0.70 | 0.71 | 0.80 | 1.03 | 0.60 |
| Net Debt / FCF Ratio | 5.98 | 9.35 | 7.57 | 9.34 | 6.80 | 6.43 |
| Return on Equity (ROE) | 11.54% | 9.02% | 9.06% | 10.89% | 10.52% | 9.28% |
| Return on Assets (ROA) | 1.31% | 1.06% | 1.05% | 1.21% | 1.20% | 1.17% |
| Earnings Yield | 9.51% | 7.68% | 7.79% | 11.78% | 8.13% | 9.24% |
| FCF Yield | 10.05% | 7.31% | 8.55% | 9.67% | 14.75% | 9.38% |
| Dividend Yield | 2.25% | 2.50% | 2.58% | 3.32% | 3.12% | 3.09% |
| Payout Ratio | 23.68% | 33.64% | 35.45% | 30.93% | 41.47% | 33.45% |
| Buyback Yield / Dilution | -10.97% | -17.51% | -6.56% | -5.48% | -66.75% | 0.15% |
| Total Shareholder Return | -8.72% | -15.01% | -3.98% | -2.17% | -63.64% | 3.24% |