Old national bancorp /in/ (ONB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash Flows From Operating Activities
Net income

238,206

190,830

95,725

134,264

116,716

103,667

100,920

91,675

72,460

38,214

13,737

62,478

Adjustments to reconcile net income to cash provided by operating activities:
Depreciation

26,700

23,800

22,200

16,600

14,101

12,366

11,227

11,306

9,674

8,990

8,853

5,952

Amortization of other intangible assets

16,900

14,400

11,800

12,500

11,746

9,120

8,162

7,941

8,829

6,129

6,508

4,350

Amortization of tax credit investments

-2,749

-22,949

-11,733

-

-

-

-

-

-

-

-

-

Net premium amortization on investment securities

-19,210

-14,384

-15,302

-18,633

-18,609

-15,430

-16,573

-13,816

-12,135

-7,590

-2,188

1,875

Accretion income related to acquired loans

42,772

40,598

40,576

57,244

-

-

-

-

-

-

-

-

Amortization of and net gains on termination of FDIC indemnification asset

-

-

-

-

9,034

43,162

9,288

3,375

-1,592

0

0

-

Share-based compensation expense

7,993

8,118

6,275

7,318

4,255

4,162

3,958

3,317

3,436

2,369

-

-

Excess tax (benefit) expense on share-based compensation

1,069

-401

-79

-

-

-

-

-

-

-

-

-

Restricted stock expense

-

-

-

-

-

-

-

-

-

-

-

1,598

Stock compensation expense

-

-

-

-

-

-

-

-

-

-

1,310

407

Provision for loan losses

4,747

6,966

3,050

960

2,923

3,097

-2,319

5,030

7,473

30,781

63,280

51,464

Debt securities (gains) losses, net

1,923

2,060

9,135

5,848

5,718

9,830

4,341

15,052

8,691

17,124

27,251

7,562

Impairment on available-for-sale securities

-

-

-

-

-

100

1,000

1,414

1,409

3,927

24,795

-

Recognition of deferred gain on sale leaseback transactions

-

-

-

16,057

16,444

6,094

6,476

6,423

7,864

6,452

6,301

6,320

Gain on sale of ONB Insurance Group, Inc.

-

-

-

41,864

-

-

-

-

-

-

-

-

Net gain on branch divestitures

-

13,989

-

-

15,627

-

2,894

-

-

-

-

-

Net (gains) losses on sales of loans and other assets

7,370

2,290

6,421

4,741

5,232

3,546

3,331

1,547

2,677

1,410

1,141

3,054

Increase in cash surrender value of company-owned life insurance

11,539

10,584

8,654

8,479

8,604

6,924

4,492

6,103

5,295

-1,540

-1,526

-8,640

Gain on derivatives

-

-

-

-

-

-

-

820

974

1,492

719

-1,144

Loss on retirement of debt

-

-

-

-

-

-

993

1,949

789

6,107

-3,941

558

Residential real estate loans originated for sale

854,848

501,999

452,604

637,639

350,846

148,946

143,387

86,665

84,303

57,523

259,664

171,871

Proceeds from sales of residential real estate loans

834,024

514,891

535,271

578,653

362,157

147,566

152,225

83,912

93,757

72,773

262,784

170,577

(Increase) decrease in interest receivable

-4,340

-2,038

-151

4,974

7,523

4,731

3,222

13

-4,725

-6,369

278

-1,247

(Increase) decrease in other real estate owned

-

-

-

-11,301

-4,538

-7,049

-16,084

-6,356

-11,156

-2,215

-

-

(Increase) decrease in other assets

-23,322

-8,578

-55,802

-46,004

-16,079

-19,309

-3,720

-15,452

-16,363

-14,582

44,008

65,003

Increase (decrease) in accrued expenses and other liabilities

-24,944

-1,443

10,061

-24,524

-26,408

14,392

11,723

-14,630

12,276

-17,995

-6,212

20,185

Total adjustments

-

-

-

-109,457

7,040

95,682

64,491

22,615

70,626

58,296

26,559

-7,959

Net cash flows provided by (used in) operating activities

233,756

234,407

250,083

24,807

123,756

199,349

165,411

114,290

143,086

96,510

40,296

54,519

Cash received (paid) from acquisitions, net

-

-60,759

-2,564

62,532

37,098

3,050

-

-

-

-

-

-

Net cash and cash equivalents of acquired banks

-

-

-

-

-

-

530,000

78,540

398,558

0

389,917

-

Payments related to branch divestitures

-

210,659

-

-

333,095

-

168,268

-

106,392

0

0

-

Proceeds from sale of ONB Insurance Group, Inc.

-

-

-

91,771

-

-

-

-

-

-

-

-

Purchases of investment securities available-for-sale

2,366,089

663,338

874,555

1,625,746

832,419

568,993

1,229,570

1,031,124

550,934

1,106,040

2,274,090

1,068,304

Cash paid in bank and trust assets

-

-

-

-

-

-

-

-

152,565

-

-

-

Purchase of trust assets

-

-

-

-

-

-

-

-

-

0

0

-

Net cash paid in FDIC-assisted transaction

-

-

-

-

-

-

-

-

-

0

0

-

Purchases of Federal Home Loan Bank/Federal Reserve Bank stock

21,142

23,066

17,979

10,974

21,872

6,901

4,204

-

-

-

-

-

Purchases of investment securities held-to-maturity

-

-

-

-

74,862

103,299

31,841

-

-

255,828

98,544

-

Purchase of loans

-

-

-

-

-

-

-

-

-

7,660

8,024

-

Proceeds from maturities, prepayments, and calls of investment securities available-for-sale

1,175,272

419,270

438,818

1,177,130

764,649

468,764

632,614

591,735

521,553

1,046,431

697,082

754,669

Proceeds from sales of investment securities available-for-sale

424,140

139,364

342,233

243,312

343,486

214,912

231,806

227,566

545,995

481,471

1,042,138

280,971

Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity

115,648

55,520

57,682

120,954

39,799

16,189

25,208

31,507

154,675

150,837

29,230

26,464

Proceeds from sales of investment securities held-to-maturity

9,921

-

-

-

855

-

-

-

-

-

-

-

Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock

23

2,409

6,594

-

8,711

7,507

-

-

-

-

-

-

Proceeds from sales of equity securities

130

128

127

-

-

-

-

-

1,078

0

0

-

Proceeds from sale of student loan portfolio

-

70,674

-

-

-

-

-

-

-

-

-

-

Proceeds from redemption of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-18,622

-4,153

-5,000

-

Proceeds from sale of loans and leases

-

-

-

-

-

-

114,527

2,355

5,364

3,627

259,127

2,251

Reimbursements under FDIC loss share agreements

-

-

-

10,000

3,548

26,342

19,527

48,223

660

0

-

-

Loan originations and payments, net

-163,551

102,928

475,519

370,442

285,875

196,287

3,622

-54,720

-180,358

-123,308

-562,452

117,039

Proceeds from company-owned life insurance death benefits

6,796

6,501

2,347

4,095

1,224

371

-

-

-

-

-

-

Proceeds from sales of premises and equipment and other assets

3,769

7,341

18,592

6,332

7,714

2,755

3,394

3,498

487

3,729

405

10,892

Proceeds from sale leaseback of real estate

-

-

-

-

-

-

-

-

-

-

10,836

8,528

Purchases of premises and equipment and other assets

37,423

33,391

37,303

224,659

85,661

20,473

18,617

18,712

11,486

7,460

13,944

11,722

Net cash flows provided by (used in) investing activities

-525,404

-271,416

-536,399

-640,759

-500,896

-162,163

100,954

-11,692

1,005,973

436,568

601,585

-113,290

Cash Flows From Financing Activities
Net increase (decrease) in:
Deposits

203,448

261,551

85,062

489,680

89,328

-304,510

-454,837

-117,663

-841,885

-440,563

55,669

-

Federal funds purchased and interbank borrowings

-80,279

64,898

-76,430

78,087

-95,903

-69,665

-

-

-

-

-

-

Securities sold under agreements to repurchase

-34,512

-41,997

-5,207

-23,489

-31,205

-10,006

-

-

-

-

-

-

Other borrowings

-4,377

-1,505

-20,056

-67

-

-

-

-

-

-

-

-

Payments for maturities of Federal Home Loan Bank advances

377,978

1,001,888

947,694

594,541

229,109

211,101

-

-

-

-

-

-

Noninterest-bearing demand deposits

-

-

-

-

-

-

-

-

-

-

-

33,130

Savings, NOW and money market deposits

-

-

-

-

-

-

-

-

-

-

-

-158,851

Time deposits

-

-

-

-

-

-

-

-

-

-

-

-113,904

Short-term borrowings

-

-

-

-

-

-

-127,483

164,965

56,434

-32,912

-318,479

11,376

Payments related to retirement of debt

-

-

-

-

-

-

-

-

-

75,000

0

330,000

Payments for maturities of other borrowings

-

-

-

-

63

58

2,521

3,087

153,383

279,649

133,949

-

Proceeds from Federal Home Loan Bank advances

575,000

995,000

1,205,000

925,000

575,000

350,000

-

-

-

-

-

-

Payments related to retirement of debt

-

-

-

-

-

-

50,993

67,949

211,228

75,821

5,264

154,207

Proceeds from issuance of other borrowings

-

-

-

-

-

175,000

375,000

-

-

-

-

-

Cash dividends paid on common stock

89,474

82,161

72,604

67,536

55,552

48,181

40,278

34,657

26,513

24,361

30,380

60,801

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

1,514

-

Common stock repurchased

102,413

1,805

2,761

2,044

88,695

25,830

24,292

3,990

1,526

705

353

457

Proceeds from exercise of stock options

280

948

2,655

2,349

997

749

1,412

717

140

12

97

1,940

Repurchase of TARP preferred stock and warrants

-

-

-

-

-

-

-

-

-

-

101,200

-

Proceeds from issuance of TARP preferred stock and warrants

-

-

-

-

-

-

-

-

-

-

-

99,885

Common stock issued

567

497

404

388

391

326

290

254

222

197

197,756

-

Net cash flows provided by (used in) financing activities

250,820

63,742

321,229

651,653

356,995

-3,946

-323,702

-61,410

-1,177,739

-778,802

-337,617

-11,889

Net increase (decrease) in cash and cash equivalents

-40,828

26,733

34,913

35,701

-20,145

33,240

-57,337

41,188

-28,680

-245,724

304,264

-70,660