Old National Bancorp (ONB) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE MAIN ST
EVANSVILLE, IN 47708
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,269,8391,186,093780,919853,457853,8432,044,107
Cash and cash equivalents1,197,8861,113,935728,412801,611797,9641,976,552
Short-term investments71,95372,15852,50751,84655,87967,555
Total current assets:1,269,8391,186,093780,919853,457853,8432,044,107
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization20,43521,17310,79914,75615,01715,780
Operating lease, right-of-use asset184,700183,687189,714187,626192,196201,802
Intangible assets, net (including goodwill)2,112,8752,118,9352,125,1212,135,7922,131,8152,144,609
Goodwill1,998,7161,998,7161,998,7162,002,5991,991,5341,997,157
Intangible assets, net (excluding goodwill)114,159120,219126,405133,193140,281147,452
Total noncurrent assets:2,318,0102,323,7952,325,6342,338,1742,339,0282,362,191
Other undisclosed assets44,908,90644,332,75643,656,81943,023,89542,555,48441,428,350
TOTAL ASSETS:48,496,75547,842,64446,763,37246,215,52645,748,35545,834,648
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt336,690418,2611,382,953538,333576,323509,424
Total current liabilities:336,690418,2611,382,953538,333576,323509,424
Noncurrent Liabilities
Liabilities, other than long-term debt63,34355,76265,34253,73055,34953,626
Qualified affordable housing project investments, commitment63,34355,76265,34253,73055,34953,626
Total noncurrent liabilities:63,34355,76265,34253,73055,34953,626
Other undisclosed liabilities42,804,62742,091,19540,186,48240,680,08040,037,90040,039,484
Total liabilities:43,204,66042,565,21841,634,77741,272,14340,669,57240,602,534
Equity
Equity, attributable to parent5,292,0955,277,4265,128,5954,943,3835,078,7835,232,114
Preferred stock230,500230,500230,500230,500230,500230,500
Common stock292,597291,922292,903292,880292,893292,959
Additional paid in capital4,149,0894,144,7304,174,2654,166,5834,157,5434,149,594
Accumulated other comprehensive loss(808,633)(708,358)(786,422)(808,450)(569,133)(338,199)
Retained earnings1,428,5421,318,6321,217,3491,061,870966,980897,260
Total equity:5,292,0955,277,4265,128,5954,943,3835,078,7835,232,114
TOTAL LIABILITIES AND EQUITY:48,496,75547,842,64446,763,37246,215,52645,748,35545,834,648

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues533,977493,597454,477400,057349,556239,320
Net investment income533,977485,437446,660400,057349,556231,998
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
   (55,710)(10,558) (78,531)
Gross profit:533,977493,597398,767389,499349,556160,789
Operating expenses(72,663)(74,280)(72,253)(76,088)(80,882)(72,076)
Other operating income, net
(Noninterest Income, Other Operating Income)
11,6518,4677,5896,92111,4306,110
Operating income:472,965427,784334,103320,332280,10494,823
Nonoperating income
(Bank Owned Life Insurance Income)
4,6983,1863,1083,3614,5713,524
Interest and debt expense(162,731)(114,161)(66,731)(29,929)(16,886)(12,720)
Income from continuing operations before equity method investments, income taxes:314,932316,809270,480293,764267,78985,627
Loss from equity method investments(2,762)(2,761)(5,258)(2,662)(1,525)(1,516)
Other undisclosed loss from continuing operations before income taxes(109,741)(126,027)(3,178)(112,062)(126,315)(120,411)
Income (loss) from continuing operations before income taxes:202,429188,021262,044179,040139,949(36,300)
Income tax expense (benefit)(47,393)(41,421)(61,309)(38,887)(24,964)8,714
Income (loss) from continuing operations:155,036146,600200,735140,153114,985(27,586)
Income (loss) before gain (loss) on sale of properties:140,153114,985(27,586)
Net income (loss) attributable to parent:155,036146,600200,735140,153114,985(27,586)
Preferred stock dividends and other adjustments(4,033)(4,034)(4,034)(4,034)(4,033)(2,017)
Net income (loss) available to common stockholders, diluted:151,003142,566196,701136,119110,952(29,603)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):155,036146,600200,735140,153114,985(27,586)
Other comprehensive income (loss)34,919(12,715)(5,560)77,19439,294103,853
Comprehensive income:189,955133,885195,175217,347154,27976,267
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(135,194)90,77927,588(316,511)(270,228)(439,677)
Comprehensive income (loss), net of tax, attributable to parent:54,761224,664222,763(99,164)(115,949)(363,410)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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