Old National Bancorp /In/ - Understand $onb stock

$ONB Market Cap: $7.41 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.940B

TTM

Gross Margin

Net Earnings

$501.7M

TTM

Current Assets

Current Liabilities

$1.320B

Q3 2024

Current Ratio

Total Assets

$53.60B

Q3 2024

Total Liabilities

$47.23B

Q3 2024

Book Value

$6.367B

Q3 2024

Cash

$1.192B

Q3 2024

P/E

14.77

Nov 29, 2024 EST

Free Cash Flow

$425.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$2.207B	$1.454B	$638.6M	$663.3M	$730.4M	$632.0M	$495.3M	$447.1M	$399.2M	$389.7M	$341.8M	$344.7M	$326.6M
YoY Change	51.75%	127.7%	-3.72%	-9.18%	15.56%	27.6%	10.78%	12.01%	2.43%	14.02%	-0.84%	5.54%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.207B	$1.454B	$638.6M	$663.3M	$730.4M	$632.0M	$495.3M	$447.1M	$399.2M	$389.7M	$341.8M	$344.7M	$326.6M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$38.20M	$36.40M	$27.30M	$28.90M	$26.70M	$23.80M	$22.20M	$16.60M	$17.03M	$14.64M	$12.52M	$13.10M	$12.14M	$15.10M	$15.40M	$10.40M	$11.40M	$15.20M	$20.90M	$17.30M	$15.60M	$13.60M	$20.30M	$18.20M	$16.10M	$16.10M	$11.70M	$9.700M	$9.700M	$9.200M	$8.200M	$6.100M	$5.700M	$5.200M	$4.500M	$4.900M	$3.500M
YoY Change	4.95%	33.33%	-5.54%	8.24%	12.18%	7.21%	33.73%	-2.51%	16.32%	16.9%	-4.43%	7.98%	-19.63%	-1.95%	48.08%	-8.77%	-25.0%	-27.27%	20.81%	10.9%	14.71%	-33.0%	11.54%	13.04%	0.0%	37.61%	20.62%	0.0%	5.43%	12.2%	34.43%	7.02%	9.62%	15.56%	-8.16%	40.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$703.7M	$126.3M	$42.25M	$67.21M	$126.1M	$94.44M	$58.17M	$44.43M	$33.07M	$23.36M	$24.39M	$35.94M	$53.72M
YoY Change	457.29%	198.86%	-37.14%	-46.7%	33.53%	62.36%	30.92%	34.34%	41.59%	-4.21%	-32.15%	-33.09%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$751.3M	$544.7M	$338.9M	$255.6M	$290.4M	$208.7M	$168.7M	$200.4M	$162.9M	$142.0M	$142.5M	$127.8M	$99.76M	$43.50M	-$7.400M	$61.60M	$92.20M	$94.90M	$93.80M	$62.80M	$67.40M	$152.6M	$120.8M	$76.20M	$125.7M	$120.8M	$97.10M	$84.40M	$74.40M	$64.50M	$65.50M	$59.60M	$45.90M	$34.40M	$24.20M	$20.60M	$22.70M	$17.90M	$15.40M	$11.80M	$7.300M
YoY Change	37.92%	60.75%	32.6%	-11.99%	39.14%	23.73%	-15.85%	23.04%	14.74%	-0.39%	11.53%	28.09%	129.34%	-687.84%	-112.01%	-33.19%	-2.85%	1.17%	49.36%	-6.82%	-55.83%	26.32%	58.53%	-39.38%	4.06%	24.41%	15.05%	13.44%	15.35%	-1.53%	9.9%	29.85%	33.43%	42.15%	17.48%	-9.25%	26.82%	16.23%	30.51%	61.64%
Income Tax	$169.3M	$116.4M	$61.32M	$29.15M	$52.15M	$17.85M	$72.94M	$66.16M	$46.18M	$38.30M	$41.60M	$36.11M	$27.30M	$5.300M	-$21.10M	-$900.0K	$17.30M	$15.60M	$15.30M	$2.500M	$4.400M	$34.60M	$27.70M	$14.50M	$32.40M	$35.40M	$29.00M	$24.70M	$20.40M	$15.50M	$17.50M	$17.10M	$12.00M	$7.100M	$3.700M	$1.900M	$2.800M	$700.0K	$600.0K	-$1.400M	-$2.200M
% Of Pretax Income	22.54%	21.38%	18.1%	11.41%	17.96%	8.55%	43.25%	33.01%	28.35%	26.98%	29.19%	28.26%	27.37%	12.18%		-1.46%	18.76%	16.44%	16.31%	3.98%	6.53%	22.67%	22.93%	19.03%	25.78%	29.3%	29.87%	29.27%	27.42%	24.03%	26.72%	28.69%	26.14%	20.64%	15.29%	9.22%	12.33%	3.91%	3.9%	-11.86%	-30.14%
Net Earnings	$565.9M	$414.2M	$277.5M	$226.4M	$238.2M	$190.8M	$95.73M	$134.3M	$116.7M	$103.7M	$100.9M	$91.68M	$72.46M	$38.20M	$13.70M	$62.50M	$74.90M	$79.40M	$63.80M	$60.30M	$65.50M	$117.9M	$93.00M	$61.70M	$97.40M	$75.60M	$63.10M	$60.20M	$53.90M	$49.00M	$48.00M	$42.50M	$33.80M	$27.30M	$20.50M	$18.70M	$20.00M	$17.20M	$14.80M	$13.20M	$9.500M
YoY Change	36.62%	49.23%	22.58%	-4.95%	24.83%	99.35%	-28.7%	15.03%	12.59%	2.72%	10.08%	26.52%	89.69%	178.83%	-78.08%	-16.56%	-5.67%	24.45%	5.8%	-7.94%	-44.44%	26.77%	50.73%	-36.65%	28.84%	19.81%	4.82%	11.69%	10.0%	2.08%	12.94%	25.74%	23.81%	33.17%	9.63%	-6.5%	16.28%	16.22%	12.12%	38.95%
Net Earnings / Revenue	25.64%	28.48%	43.46%	34.13%	32.61%	30.19%	19.33%	30.03%	29.24%	26.6%	29.53%	26.6%	22.19%
Basic Earnings Per Share	$1.95	$1.51	$1.68	$1.37	$1.39	$1.23	$0.69	$1.05	$1.01	$0.96	$1.00	$0.95	$0.76
Diluted Earnings Per Share	$1.94	$1.497M	$1.67	$1.36	$1.38	$1.22	$0.69	$1.05	$1.00	$0.95	$1.00	$0.95	$0.76	$439.6K	$191.9K	$949.8K	$1.138M	$1.198M	$934.1K	$861.4K	$933.0K	$1.668M	$1.292M	$842.9K	$1.288M	$993.4K	$966.3K	$942.1K	$816.7K	$716.4K	$739.6K	$714.3K	$605.7K	$527.0K	$439.9K	$462.9K	$485.4K	$409.5K	$361.9K	$323.5K	$232.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$565.4M	$747.0M	$546.0M	$541.0M	$586.0M	$486.0M	$458.0M	$430.0M	$197.0M	$136.0M	$108.0M	$90.00M	$72.00M	$49.00M	$52.00M	$45.00M	$53.00M	$123.0M	$200.0M	$213.0M	$181.0M	$135.0M	$121.0M	$132.0M	$118.0M	$85.00M	$78.00M	$78.00M	$75.00M	$69.00M	$59.00M	$45.00M	$35.00M	$28.00M	$28.00M	$23.00M	$17.00M	$14.00M	$9.000M	$7.000M	$5.000M
YoY Change	-24.31%	36.82%	0.92%	-7.68%	20.58%	6.11%	6.51%	118.27%	44.85%	25.93%	20.0%	25.0%	46.94%	-5.77%	15.56%	-15.09%	-56.91%	-38.5%	-6.1%	17.68%	34.07%	11.57%	-8.33%	11.86%	38.82%	8.97%	0.0%	4.0%	8.7%	16.95%	31.11%	28.57%	25.0%	0.0%	21.74%	35.29%	21.43%	55.56%	28.57%	40.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$423.3M	$435.8M	$33.00M	$9.000M	$30.00M	$90.00M	$118.0M	$188.0M	$116.0M	$138.0M	$143.0M	$131.0M	$17.00M	$0.00
YoY Change	-2.87%	1220.47%	266.67%	-70.0%	-66.67%	-23.73%	-37.23%	62.07%	-15.94%	-3.5%	9.16%	670.59%
Total Long-Term Assets
YoY Change
Total Assets	$49.09B	$46.76B	$24.45B	$22.96B	$20.41B	$19.73B	$17.52B	$14.86B	$11.99B	$11.65B	$9.582B	$9.544B	$8.610B	$7.264B	$8.005B	$7.874B	$7.846B	$8.150B	$8.492B	$8.898B	$9.363B	$9.613B	$9.080B	$8.768B	$8.086B	$6.417B	$5.688B	$5.367B	$5.103B	$4.643B	$4.002B	$3.540B	$3.084B	$2.644B	$2.503B	$2.152B	$1.767B	$1.527B	$1.221B	$991.0M	$667.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$960.6M	$1.048B	$297.0M	$274.0M	$249.0M	$181.0M	$164.0M	$127.0M	$152.0M	$196.0M	$170.0M	$213.0M	$249.0M	$202.0M	$228.0M	$236.0M	$235.0M	$125.0M	$119.0M	$121.0M	$116.0M	$116.0M	$89.00M	$85.00M	$91.00M	$92.00M	$81.00M	$66.00M	$62.00M	$40.00M	$35.00M	$33.00M	$29.00M	$29.00M	$24.00M	$19.00M	$14.00M	$11.00M	$12.00M	$10.00M	$5.000M
YoY Change	-8.31%	252.74%	8.39%	10.04%	37.57%	10.37%	29.13%	-16.45%	-22.45%	15.29%	-20.19%	-14.46%	23.27%	-11.4%	-3.39%	0.43%	88.0%	5.04%	-1.65%	4.31%	0.0%	30.34%	4.71%	-6.59%	-1.09%	13.58%	22.73%	6.45%	55.0%	14.29%	6.06%	13.79%	0.0%	20.83%	26.32%	35.71%	27.27%	-8.33%	20.0%	100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$285.6M	$1.014B	$393.0M	$432.0M	$678.0M	$632.0M	$720.0M	$580.0M	$678.0M	$601.0M	$512.0M	$640.0M	$425.0M	$298.0M	$331.0M	$650.0M	$638.0M	$313.0M	$303.0M	$347.0M	$415.0M	$918.0M	$602.0M	$560.0M	$679.0M	$506.0M	$443.0M	$500.0M	$315.0M	$455.0M	$245.0M	$254.0M	$267.0M	$234.0M	$203.0M	$155.0M	$121.0M	$126.0M	$110.0M	$108.0M	$78.00M
YoY Change	-71.84%	158.09%	-9.03%	-36.28%	7.28%	-12.22%	24.14%	-14.45%	12.81%	17.38%	-20.0%	50.59%	42.62%	-9.97%	-49.08%	1.88%	103.83%	3.3%	-12.68%	-16.39%	-54.79%	52.49%	7.5%	-17.53%	34.19%	14.22%	-11.4%	58.73%	-30.77%	85.71%	-3.54%	-4.87%	14.1%	15.27%	30.97%	28.1%	-3.97%	14.55%	1.85%	38.46%
Long-Term Debt Due	$275.3M	$90.28M						$0.00
YoY Change	204.91%
Total Short-Term Liabilities	$1.246B	$1.048B	$297.0M	$274.0M	$249.0M	$181.0M	$164.0M	$127.0M	$152.0M	$196.0M	$170.0M	$213.0M	$249.0M	$202.0M	$228.0M	$236.0M	$235.0M	$125.0M	$119.0M	$121.0M	$116.0M	$116.0M	$89.00M	$85.00M	$91.00M	$92.00M	$81.00M	$66.00M	$62.00M	$40.00M	$35.00M	$33.00M	$29.00M	$29.00M	$24.00M	$19.00M	$14.00M	$11.00M	$12.00M	$10.00M	$5.000M
YoY Change	18.95%	252.74%	8.39%	10.04%	37.57%	10.37%	29.13%	-16.45%	-22.45%	15.29%	-20.19%	-14.46%	23.27%	-11.4%	-3.39%	0.43%	88.0%	5.04%	-1.65%	4.31%	0.0%	30.34%	4.71%	-6.59%	-1.09%	13.58%	22.73%	6.45%	55.0%	14.29%	6.06%	13.79%	0.0%	20.83%	26.32%	35.71%	27.27%	-8.33%	20.0%	100.0%
Long-Term Debt	$764.9M	$743.0M	$297.0M	$253.0M	$244.0M	$248.0M	$249.0M	$219.0M	$218.0M	$224.0M	$32.00M	$36.00M	$291.0M	$422.0M	$699.0M	$835.0M	$657.0M	$748.0M	$955.0M	$1.307B	$1.624B	$1.234B	$1.083B	$863.0M	$768.0M	$630.0M	$389.0M	$75.00M	$82.00M	$70.00M	$77.00M	$52.00M	$55.00M	$55.00M	$55.00M	$55.00M	$50.00M	$0.00	$0.00	$0.00	$0.00
YoY Change	2.94%	150.17%	17.39%	3.69%	-1.61%	-0.4%	13.7%	0.46%	-2.68%	600.0%	-11.11%	-87.63%	-31.04%	-39.63%	-16.29%	27.09%	-12.17%	-21.68%	-26.93%	-19.52%	31.6%	13.94%	25.49%	12.37%	21.9%	61.95%	418.67%	-8.54%	17.14%	-9.09%	48.08%	-5.45%	0.0%	0.0%	0.0%	10.0%
Other Long-Term Liabilities	-$19.85M	-$21.66M	-$17.00M	-$8.000M	$35.00M	$24.00M	$15.00M	$23.00M	$28.00M	$20.00M	$16.00M	$27.00M									$0.00	$164.0M	$50.00M	$50.00M						$0.00	$0.00	$0.00	$0.00	$0.00	$1.000M	$1.000M
YoY Change	-8.37%	27.41%	112.5%	-122.86%	45.83%	60.0%	-34.78%	-17.86%	40.0%	25.0%	-40.74%										-100.0%	228.0%	0.0%											-100.0%	0.0%
Total Long-Term Liabilities	$764.9M	$743.0M	$280.0M	$245.0M	$279.0M	$272.0M	$264.0M	$242.0M	$246.0M	$244.0M	$48.00M	$63.00M	$291.0M	$422.0M	$699.0M	$835.0M	$657.0M	$748.0M	$955.0M	$1.307B	$1.624B	$1.398B	$1.133B	$913.0M	$768.0M	$630.0M	$389.0M	$75.00M	$82.00M	$70.00M	$77.00M	$52.00M	$55.00M	$55.00M	$56.00M	$56.00M	$50.00M	$0.00	$0.00	$0.00	$0.00
YoY Change	2.94%	165.36%	14.29%	-12.19%	2.57%	3.03%	9.09%	-1.63%	0.82%	408.33%	-23.81%	-78.35%	-31.04%	-39.63%	-16.29%	27.09%	-12.17%	-21.68%	-26.93%	-19.52%	16.17%	23.39%	24.1%	18.88%	21.9%	61.95%	418.67%	-8.54%	17.14%	-9.09%	48.08%	-5.45%	0.0%	-1.79%	0.0%	12.0%
Total Liabilities	$43.53B	$41.63B	$21.44B	$19.99B	$17.56B	$17.04B	$15.36B	$13.05B	$10.50B	$10.18B	$8.419B	$8.349B	$7.576B	$6.385B	$7.162B	$7.143B	$7.193B	$7.507B	$7.842B	$8.194B	$8.648B	$8.872B	$8.441B	$8.141B	$7.501B	$5.897B	$5.211B	$4.908B	$4.642B	$4.234B	$3.643B	$3.249B	$2.844B	$2.446B	$2.306B	$1.980B	$1.618B	$1.390B	$1.109B	$910.0M	$612.0M
YoY Change	4.54%	94.17%	7.27%	13.83%	3.05%	10.9%	17.77%	24.25%	3.12%	20.94%	0.84%	10.2%	18.65%	-10.85%	0.27%	-0.7%	-4.18%	-4.27%	-4.3%	-5.25%	-2.52%	5.11%	3.69%	8.53%	27.2%	13.16%	6.17%	5.73%	9.64%	16.22%	12.13%	14.24%	16.27%	6.07%	16.46%	22.37%	16.4%	25.34%	21.87%	48.69%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	290.7M shares	275.2M shares	165.2M shares	165.5M shares	171.9M shares	155.7M shares	137.8M	127.7M	115.7M shares	107.8M shares	100.7M shares	96.44M shares	94.47M shares	86.79M
Diluted Shares Outstanding	291.9M shares	276.7M shares	165.9M shares	166.2M shares	172.7M shares	156.5M shares	138.5M	128.3M	116.3M shares	108.4M shares	101.2M shares	96.83M shares	94.77M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $7.4097 Billion

About OLD NATIONAL BANCORP /IN/

Old National Bancorp operates as a financial holding company. The company is headquartered in Evansville, Indiana and currently employs 4,105 full-time employees. Old National Bank operates banking centers located primarily across the Midwestern United States, including Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, and Wisconsin, among others. Old National Bank provides community banking services, including commercial, real estate and consumer loans, deposits and private banking, capital markets, brokerage, wealth management, trust and investment advisory services. Its lending activities include loans to individuals, which primarily consist of home equity lines of credit, residential real estate loans and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. Its deposit accounts include products, such as noninterest-bearing demand, interest-bearing checking and NOW, savings and money market, and time deposits.

Industry: National Commercial Banks Peers: Cadence Bank Bank OZK FIRST INTERSTATE BANCSYSTEM INC GLACIER BANCORP, INC. HOME BANCSHARES INC PNC FINANCIAL SERVICES GROUP, INC. SYNOVUS FINANCIAL CORP UNITED BANKSHARES INC/WV WINTRUST FINANCIAL CORP