Old National Bancorp (ONB) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments835592283323296261224
Cash and cash equivalents822590276317290256220
Short-term investments13376654
Total current assets:835592283323296261224
Noncurrent Assets
Finance lease, right-of-use asset16117
Operating lease, right-of-use asset707695
Property, plant and equipment  491486458430197
Intangible assets, net (including goodwill)1,0721,0831,0971,113881693620
Goodwill1,0371,0371,0371,036828655585
Intangible assets, net (excluding goodwill)35466077533835
Total noncurrent assets:1,1581,1711,6911,5991,3391,122817
Other undisclosed assets22,46121,19818,43817,80715,88313,47710,951
TOTAL ASSETS:24,45422,96120,41219,72817,51814,86011,992
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4205264036891,3851,313628
Total current liabilities:4205264036891,3851,313628
Noncurrent Liabilities
Long-term debt and lease obligation, including:   1,6131,6101,3531,292
Other undisclosed long-term debt and lease obligation   1,6131,6101,3531,292
Liabilities, other than long-term debt573026394921 
Qualified affordable housing project investments, commitment573026394921 
Total noncurrent liabilities:5730261,6521,6581,3741,292
Other undisclosed liabilities20,96519,43217,13114,69812,32110,3598,580
Total liabilities:21,44219,98817,55917,03915,36413,04610,500
Stockholders' equity
Stockholders' equity attributable to parent3,0122,9732,8522,6902,1541,8141,491
Common stock166165170175152135114
Additional paid in capital1,8811,8761,9442,0321,6391,3481,088
Accumulated other comprehensive income (loss)(2)14856(45)(50)(59)(35)
Retained earnings968784682528413390324
Total stockholders' equity:3,0122,9732,8522,6902,1541,8141,491
TOTAL LIABILITIES AND EQUITY:24,45422,96120,41219,72817,51814,86011,992

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues651671736637220227240
Net investment income626649714616928683
Financial services revenue128142157
Cost of revenue (38)(5)(7)(3)(1)(3)
Provision for loan, lease, and other losses (38)(5)(7)
Financial services costs(3)(1)(3)
Gross profit:651633732630217226237
Operating expenses(156)(147)(166)(154)(386)(357)(377)
Other operating income, net
(Noninterest Income, Other Operating Income)
14182122212821
Operating income (loss):509503586498(148)(103)(119)
Nonoperating income11121212112525
Investment income, nonoperating   221616
Bank owned life insurance income11121211989
Interest and debt expense(42)(67)(126)(94)(58)(44)(33)
Other undisclosed income from continuing operations before equity method investments, income taxes      290
Income (loss) from continuing operations before equity method investments, income taxes:477448471416(196)(123)163
Loss from equity method investments(7)(19)(3)(23)   
Other undisclosed income (loss) from continuing operations before income taxes(132)(174)(178)(184)365323 
Income from continuing operations before income taxes:339256290209169200163
Income tax expense(61)(29)(52)(18)(73)(66)(46)
Net income available to common stockholders, diluted:27822623819196134117

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:27822623819196134117
Other comprehensive income (loss)45(26)(28)(1)9(25)(3)
Comprehensive income:322200211190105110113
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(195)11812917   
Comprehensive income, net of tax, attributable to parent:127318339207105110113

Statements sources

The financial statements are based on the company's filings with the 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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