Old National Bancorp /IN/ ONB Income Statement

Old national bancorp /in/ (ONB)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest Income
Loans including fees:
Taxable
569,718	508,293	389,219	349,095	304,452	296,141	252,499	257,176	228,480	175,607	198,940	261,455
Nontaxable
15,919	16,299	13,970	12,287	11,566	10,207	9,411	8,858	9,419	9,631	19,053	23,155
Investment securities:
Taxable
113,832	80,168	63,031	57,005	57,336	60,903	60,371	62,889	51,682	71,057	90,087	87,066
Nontaxable
29,248	26,655	28,858	28,617	25,788	22,436	19,491	15,722	13,571	16,294	22,532	14,913
Money market and other interest-earning investments
1,670	630	258	130	47	42	38	54	362	431	133	746
Taxable
-	-	-	-	-	-	-	-	23,079	23,828	9,932	5,187
Total interest income
730,387	632,045	495,336	447,134	399,189	389,729	341,810	344,699	326,593	296,848	340,677	392,522
Interest Expense
Deposits
69,364	41,277	20,356	17,283	14,168	13,326	18,124	27,042	35,911	48,608	67,628	95,453
Federal funds purchased and interbank borrowings
5,656	4,793	1,966	673	265	136	-	-	-	-	-	-
Securities sold under agreements to repurchase
2,517	1,962	1,270	1,509	1,488	1,434	-	-	-	-	-	-
Federal Home Loan Bank advances
37,452	34,925	24,818	15,547	8,121	4,275	-	-	-	-	-	-
Other borrowings
11,125	11,486	9,758	9,419	9,031	4,188	5,621	8,361	17,259	29,162	40,240	42,842
Short-term borrowings
-	-	-	-	-	-	641	539	550	662	1,410	10,902
Total interest expense
126,114	94,443	58,168	44,431	33,073	23,359	24,386	35,942	53,720	78,432	109,278	149,197
Net interest income
604,273	537,602	437,168	402,703	366,116	366,370	317,424	308,757	272,873	218,416	231,399	243,325
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
Net interest income after provision for loan losses
599,526	530,636	434,118	401,743	363,193	363,273	319,743	303,727	265,400	187,635	168,119	191,861
Noninterest Income
Wealth management fees
37,072	36,863	37,316	34,641	34,395	28,737	23,493	21,549	20,460	16,120	15,963	17,361
Service charges on deposit accounts
44,915	44,026	41,331	41,578	43,372	47,433	49,562	51,483	51,862	50,018	55,196	45,175
Debit card and ATM fees
21,652	20,216	17,676	16,769	21,340	25,835	25,019	24,006	25,199	22,967	20,472	17,234
Mortgage banking revenue
26,622	17,657	18,449	20,240	12,540	6,017	4,420	3,742	3,250	2,230	6,238	5,100
Insurance premiums and commissions
-	-	-	20,527	42,714	41,466	38,483	37,103	36,957	36,463	37,851	39,153
Investment product fees
21,785	20,539	20,977	18,822	17,924	17,136	16,018	12,714	11,068	9,192	8,515	9,493
Capital markets income
13,270	4,934	6,544	3,227	1,082	-	-	-	-	-	-	-
Company-owned life insurance
11,539	10,584	8,654	8,479	8,604	6,924	7,454	6,452	5,322	4,052	2,355	9,181
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
Total other-than-temporary impairment losses
-	-	-	-	-	100	1,000	1,414	3,252	5,060	68,090	-
Loss recognized in other comprehensive income
-	-	-	-	-	0	0	0	1,843	1,133	43,295	-
Impairment losses recognized in earnings
-	-	-	-	-	100	1,000	1,414	1,409	3,927	24,795	-
Gain on derivatives
-	-	-	-	-	-	-	820	974	1,492	719	-1,144
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
Net gain on branch divestitures
-	13,989	-	-	15,627	-	2,894	-	-	-	-	-
Gain on sale of ONB Insurance Group, Inc.
-	-	-	41,864	-	-	-	-	-	-	-	-
Change in FDIC indemnification asset
-	-	-	-	-9,034	-43,162	-9,288	-3,375	426	0	0	-
Other income
20,539	24,437	23,300	24,778	19,906	18,919	16,886	15,261	12,219	7,967	7,394	11,534
Total noninterest income
199,317	195,305	183,382	252,830	230,632	165,129	184,758	189,816	182,883	170,150	163,460	166,969
Noninterest Expense
Salaries and employee benefits
289,452	281,275	246,738	252,892	243,875	219,301	202,435	193,874	189,539	170,601	181,368	167,764
Occupancy
55,255	51,941	46,511	50,947	53,239	49,099	48,360	50,929	51,054	46,410	47,064	39,668
Equipment
16,903	14,861	13,560	13,448	13,183	12,453	11,879	11,744	11,720	10,641	10,440	9,464
Marketing
15,898	15,847	13,172	14,620	10,410	9,591	7,212	7,451	5,990	5,720	9,578	9,554
Data processing
37,589	36,170	32,306	32,002	27,309	25,382	21,608	22,014	22,971	21,409	20,700	19,021
Communication
10,702	10,846	9,284	9,959	9,586	10,476	10,521	10,939	10,406	9,803	10,922	9,267
Professional fees
22,854	14,503	16,840	15,705	11,756	16,390	11,948	12,030	14,959	8,253	9,491	7,187
Loan expenses
7,253	7,028	6,596	7,632	6,373	6,107	6,972	7,037	4,734	3,936	4,335	6,619
Supplies
-	-	-	2,865	2,275	2,958	2,361	2,719	3,762	2,935	4,294	3,283
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	6,107	-3,941	-
Fraud loss
-	-	-	-	-	-	-	-	-	-	-	6,406
FDIC assessment
6,030	10,638	9,480	8,681	7,503	6,261	5,097	5,991	7,523	8,370	12,447	1,513
Other real estate owned expense
-	-	-	-4,195	-2,703	-3,101	-4,129	-17,136	-1,992	-2,613	-	-
Amortization of intangibles
16,900	14,400	11,800	12,500	11,746	9,120	8,162	7,941	8,829	6,130	5,988	3,659
Amortization of tax credit investments
-2,749	-22,949	-11,733	-	-	-	-	-	-	-	-	-
Other expense
26,891	36,761	30,775	28,715	30,974	16,199	21,300	15,953	15,042	11,377	18,388	13,824
Total noninterest expense
508,487	517,261	448,836	454,147	430,932	386,438	361,984	365,758	348,521	314,305	338,956	297,229
Income before income taxes
290,356	208,680	168,664	200,426	162,893	141,964	142,517	127,785	99,762	43,480	-7,377	61,601
Income tax expense
52,150	17,850	72,939	66,162	46,177	38,297	41,597	36,110	27,302	5,266	-21,114	-877
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
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-3,892	298
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	9,845	62,180
Net income per common share - basic (in dollars per share)
1.39	1.23	0.69	1.05	1.01	0.96	1.00	0.95	0.76	0.44	0.14	0.95
Net income per common share - diluted (in dollars per share)
1.38	1.22	0.69	1.05	1.00	0.95	1.00	0.95	0.76	0.44	0.14	0.95
Weighted average number of common shares outstanding:
Weighted average number of common shares outstanding - basic (in shares)
171,907	155,675	137,821	127,705	115,726	107,818	100,712	96,440	94,467	86,785	71,314	65,660
Weighted average number of common shares outstanding - diluted (in shares)
172,687	156,539	138,513	128,301	116,255	108,365	101,198	96,833	94,772	86,928	71,367	65,776
Dividends per common share (in dollars per share)
0.52	0.52	0.52	0.52	0.48	0.44	0.40	0.36	0.28	0.28	0.44	0.69