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Income Statement
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OLD NATIONAL BANCORP (ONB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Interest Income          
Loans including fees:          
Nontaxable  25.912.413.915.916.314.012.311.6
   
Investment securities:          
Taxable  204.098.099.0113.880.263.057.0361.8
Nontaxable  43.637.633.929.226.728.928.625.8
    Total interest income  1,454.2638.6663.3730.4632.0495.3447.1399.2
   
Interest Expense          
Deposits  49.111.028.269.441.320.417.314.2
Federal funds purchased and interbank borrowings  5.0 1.35.74.82.00.70.3
Securities sold under agreements to repurchase  0.80.40.92.52.01.31.51.5
Federal Home Loan Bank advances  51.521.127.337.534.924.815.58.1
Other borrowings  19.89.89.611.111.59.89.49.0
    Total interest expense  126.342.267.2126.194.458.244.433.1
    Net interest income  1,327.9596.4596.1604.3537.6437.2402.7366.1
    Net interest income after provision for credit losses  1,183.1626.0553.2599.5530.6434.1401.7363.2
   
Noninterest Income          
Wealth management fees  69.140.436.837.136.937.334.6 
Service charges on deposit accounts  72.531.732.644.944.041.341.643.4
Debit card and ATM fees  40.223.822.721.720.217.716.821.3
Mortgage banking revenue  23.042.662.826.617.718.420.2 
Investment product fees  31.724.621.621.820.521.018.817.9
Capital markets income  26.022.022.513.34.96.53.21.1
Company-owned life insurance  14.610.612.011.510.68.78.58.6
Debt securities gains (losses), net  -0.14.310.81.92.1   
Other income  32.114.317.520.524.423.324.819.9
    Total noninterest income  399.8214.2239.3199.3195.3183.4252.8230.6
   
Noninterest Expense          
Salaries and employee benefits  575.6284.1293.6289.5281.3246.7252.9243.9
Occupancy  100.454.855.355.351.946.550.953.2
Equipment  27.616.716.716.914.913.613.413.2
Marketing  32.312.710.915.915.813.214.610.4
Technology  84.947.041.137.636.232.332.027.3
Communication  18.810.19.710.710.89.310.09.6
Professional fees  39.020.115.822.914.516.815.711.8
FDIC assessment  19.36.16.76.010.69.58.77.5
Amortization of intangibles  25.911.314.116.914.411.812.511.7
Amortization of tax credit investments  11.06.818.82.722.911.7  
Other expense  76.531.727.234.143.830.828.731.0
    Total noninterest expense  1,038.2501.4536.9508.5517.3448.8454.1430.9
    Income (loss) before income taxes  544.7338.9255.6290.4208.7168.7200.4162.9
Income tax expense (benefit)  116.461.329.152.217.972.966.246.2
    Net income (loss)  428.3277.5226.4238.2190.895.7134.3116.7
    Net income (loss) applicable to common shareholders  414.2277.5226.4     
   
Net income (loss) per common share - basic (in dollars per share)  $1.51$1.68$1.37$1.39$1.23$0.69$1.05$1.01
Net income (loss) per common share - diluted (in dollars per share)  $1.50$1.67$1.36$1.38$1.22$0.69$1.05$1.00
   
Weighted average number of common shares outstanding - basic (in shares)  275.2165.2165.5171.9155.7137.8127.7115.7
Weighted average number of common shares outstanding - diluted (in shares)  276.7165.9166.2172.7156.5138.5128.3116.3
   
Dividends per common share (in dollars per share)  $0.56$0.56$0.56$0.52$0.52$0.52$0.52$0.48

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