Old National Bancorp /IN/ ONB Income Statement

Old national bancorp /in/ (ONB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest Income
Loans including fees:
Taxable
128,727	137,076	145,417	148,253	138,972	139,826	125,468	124,610	118,389	107,144	97,685	92,189	92,201	96,130	94,866	86,527	71,572	71,033	81,881	76,579	74,959	74,212	91,080	65,892	64,957	63,751	61,307	63,223	64,218	71,219	60,916	62,911	62,130	63,422	62,706	52,047	50,305	43,191	43,635	43,874	44,907	49,365	50,263
Nontaxable
3,625	3,805	3,905	3,986	4,223	4,366	4,075	3,984	3,874	4,182	3,373	3,236	3,179	3,288	3,004	2,991	3,004	2,973	2,832	2,818	2,943	2,560	2,608	2,530	2,509	2,404	2,448	2,380	2,179	2,219	2,192	2,228	2,219	2,401	2,361	2,335	2,322	2,486	2,479	2,486	2,180	4,709	5,855
Investment securities:
Taxable
27,356	27,670	28,884	29,241	28,037	23,606	19,391	18,367	18,804	16,515	15,330	15,501	15,685	15,086	14,612	13,585	13,722	14,025	14,293	14,292	14,726	14,764	14,923	15,447	15,769	14,949	15,141	15,139	15,142	29,419	10,810	11,316	11,344	11,952	13,197	12,875	13,658	14,036	16,470	19,755	20,796	20,418	25,417
Nontaxable
7,942	7,472	7,119	7,249	7,408	7,153	6,295	6,658	6,549	7,206	7,052	7,228	7,372	7,308	7,208	7,119	6,982	6,900	6,661	6,267	5,960	5,762	6,001	5,649	5,024	5,018	4,990	4,933	4,550	4,240	3,997	3,905	3,580	3,399	3,331	3,320	3,521	3,594	3,620	4,224	4,856	5,588	5,719
Money market and other interest-earning investments
349	530	528	334	278	283	140	117	90	87	85	55	31	37	23	21	49	29	4	8	6	20	6	10	6	10	8	7	13	11	18	10	15	21	87	155	99	60	70	115	186	27	37
Taxable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,839	4,894	4,975	5,040	5,487	6,140	6,412	7,598	6,671	5,142	4,417	3,315	1,891
Total interest income
167,999	176,553	185,853	189,063	178,918	175,234	155,369	153,736	147,706	135,134	123,525	118,209	118,468	121,849	119,713	110,243	95,329	94,960	105,671	99,964	98,594	97,318	114,618	89,528	88,265	86,132	83,894	85,682	86,102	92,400	82,772	85,264	84,263	86,235	87,169	76,872	76,317	70,965	72,945	75,596	77,342	83,422	89,182
Interest Expense
Deposits
12,298	15,694	18,707	18,519	16,444	13,694	11,189	9,139	7,255	6,124	5,125	4,724	4,383	4,717	4,819	4,254	3,493	3,600	3,474	3,531	3,563	3,380	3,321	3,342	3,283	3,450	4,390	5,016	5,268	5,897	6,419	7,044	7,682	6,922	9,401	9,585	10,003	10,637	11,428	12,607	13,936	16,643	17,659
Federal funds purchased and interbank borrowings
1,240	437	1,484	1,817	1,918	1,938	1,191	647	1,017	533	655	422	356	107	226	217	123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities sold under agreements to repurchase
384	469	715	671	662	634	535	434	359	400	280	334	256	370	375	391	373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank advances
7,768	8,359	9,123	10,039	9,931	9,441	8,880	8,824	7,780	6,871	6,618	6,017	5,312	4,383	4,137	3,610	3,417	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowings
2,538	2,695	2,728	2,787	2,915	3,302	2,732	2,729	2,723	2,650	2,369	2,379	2,360	2,355	2,353	2,431	2,280	-4,087	4,952	4,224	3,942	-1,724	2,854	1,621	1,437	1,429	1,413	1,262	1,517	1,972	2,079	2,129	2,181	2,558	5,044	4,854	4,803	6,216	7,217	7,689	8,040	10,056	10,308
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	141	112	96	-	76	83	67	66	95	213	267	170	124	118	127	160	132	114	144	135	132	146	249	312	448
Total interest expense
24,228	27,654	32,757	33,833	31,870	29,009	24,527	21,773	19,134	16,578	15,047	13,876	12,667	11,932	11,910	10,903	9,686	9,038	8,567	7,867	7,601	7,275	6,251	5,046	4,787	4,945	5,898	6,491	7,052	8,039	8,622	9,291	9,990	9,640	14,577	14,553	14,950	16,988	18,777	20,442	22,225	27,011	28,415
Net interest income
143,771	148,899	153,096	155,230	147,048	146,225	130,842	131,963	128,572	118,556	108,478	104,333	105,801	109,917	107,803	99,340	85,643	85,922	97,104	92,097	90,993	90,043	108,367	84,482	83,478	81,187	77,996	79,191	79,050	84,361	74,150	75,973	74,273	76,595	72,592	62,319	61,367	53,977	54,168	55,154	55,117	56,411	60,767
Provision for loan losses
16,950	1,264	1,437	1,003	1,043	3,390	750	2,446	380	1,037	311	1,355	347	-1,756	1,306	1,319	91	484	167	2,271	1	869	2,591	-400	37	2,253	-1,724	-3,693	845	2,181	400	393	2,056	1,036	-82	3,207	3,312	7,100	6,400	8,000	9,281	12,191	11,968
Net interest income after provision for loan losses
126,821	147,635	151,659	154,227	146,005	142,835	130,092	129,517	128,192	117,519	108,167	102,978	105,454	111,673	106,497	98,021	85,552	85,438	96,937	89,826	90,992	89,174	105,776	84,882	83,441	78,934	79,720	82,884	78,205	82,180	73,750	75,580	72,217	75,559	72,674	59,112	58,055	46,877	47,768	47,154	45,836	44,220	48,799
Noninterest Income
Wealth management fees
8,884	9,468	9,160	9,909	8,535	9,069	9,022	9,746	9,026	9,801	8,837	9,679	8,999	8,593	8,572	9,355	8,121	8,142	8,290	9,443	8,520	8,251	7,190	7,504	5,792	5,891	5,534	6,412	5,656	5,411	5,198	5,844	5,096	4,939	5,094	5,327	5,100	4,023	3,847	3,963	4,287	3,852	4,258
Service charges on deposit accounts
10,077	10,714	11,860	11,515	10,826	11,474	11,028	10,765	10,759	10,913	10,535	10,040	9,843	10,448	11,054	10,437	9,639	10,039	11,010	11,278	11,045	11,997	12,481	11,821	11,134	12,769	13,929	11,766	11,098	12,901	12,816	12,904	12,862	13,800	14,048	12,464	11,550	12,511	12,411	13,150	11,946	15,068	15,675
Debit card and ATM fees
4,998	5,360	5,370	5,419	5,503	5,565	4,706	5,080	4,865	4,756	4,248	4,436	4,236	4,183	4,330	4,471	3,785	3,646	3,887	7,075	6,732	6,818	6,805	6,476	5,736	7,033	6,246	5,942	5,798	6,086	5,692	5,895	6,333	6,463	6,766	6,079	5,891	5,689	5,821	5,930	5,527	5,421	5,411
Mortgage banking revenue
11,119	5,626	8,850	7,135	5,011	3,928	4,348	5,189	4,192	3,933	5,104	5,186	4,226	4,399	7,718	5,203	2,920	2,145	3,170	4,262	2,963	2,390	1,735	1,262	630	597	957	1,593	1,273	1,570	840	773	559	690	699	909	952	465	644	632	489	1,515	1,764
Insurance premiums and commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	152	132	7,122	13,121	10,491	9,938	10,172	12,113	9,932	9,761	9,811	11,962	9,369	8,853	9,318	10,943	9,508	8,670	9,311	9,614	9,041	8,335	9,011	10,570	8,654	8,691	8,913	10,205	8,785	8,908
Investment product fees
5,874	5,679	5,244	5,591	5,271	5,369	5,073	5,066	5,031	5,791	5,193	5,004	4,989	5,155	5,038	4,724	3,905	4,375	4,427	4,719	4,403	4,467	4,684	4,117	3,868	3,887	4,474	4,074	3,583	3,261	3,359	3,163	2,931	2,564	2,977	2,933	2,594	2,579	2,325	2,235	2,053	2,372	2,250
Capital markets income
4,328	3,043	4,560	3,150	2,517	840	2,700	896	498	923	1,843	2,747	1,031	-	849	794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Company-owned life insurance
3,080	2,937	2,703	2,711	3,188	2,591	2,958	2,430	2,605	2,366	2,022	2,117	2,149	2,198	2,163	2,080	2,038	2,064	2,195	2,193	2,152	1,982	1,832	1,643	1,467	1,483	2,713	1,614	1,644	1,711	1,734	1,512	1,495	1,459	1,393	1,298	1,172	993	1,034	1,180	845	488	420
Debt securities gains (losses), net
5,174	437	424	1,165	-103	-357	135	1,494	788	1,588	2,972	3,075	1,500	1,239	1,647	1,856	1,106	1,662	861	512	2,683	4,869	2,713	1,689	559	1,347	186	1,789	1,019	4,564	2,877	6,992	619	3,665	2,861	666	1,499	4,332	3,281	6,008	3,503	5,102	10,295
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100	-	-	-	0	336	202	780	96	1,380	140	1,433	299	619	39	2,764	1,638	8,983	-8,445
Loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	470	140	1,233	0	0	0	0	1,133	3,921	-581
Impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100	-	-	-	0	336	202	780	96	910	0	200	299	619	39	2,764	505	5,062	7,864
Gain on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	144	-12	163	226	249	182	272	149	221	332	106	370	395	621	-675	516
Recognition of deferred gain on sale leaseback transactions
-	-	-	-	-	-	-	-	-	-	537	538	537	13,732	235	1,038	1,052	12,035	1,417	1,468	1,524	1,523	1,524	1,523	1,524	1,535	1,566	1,791	1,584	1,603	1,607	1,606	1,607	2,955	1,636	1,637	1,636	1,637	1,636	1,542	1,637	1,667	1,468
Net gain on branch divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,355	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of ONB Insurance Group, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,864	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on branch divestitures - deposit premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,244	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Change in FDIC indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	888	-655	57	-6,582	-1,541	-968	-6,246	-19,103	-10,470	-7,343	-3,372	-2,140	-1,474	-2,302	743	-4,877	-4,005	4,764	-109	535	0	0	-	0	-	-	-	-
Other income
3,968	4,462	5,790	4,619	5,668	5,686	5,987	8,623	4,141	6,366	5,075	6,449	5,410	11,301	5,505	3,553	4,419	4,604	5,776	5,398	4,128	4,512	4,796	4,277	5,334	4,411	5,413	3,275	3,787	4,089	2,927	5,078	3,167	4,318	2,833	3,244	1,824	1,835	1,958	1,790	2,384	470	2,505
Total noninterest income
57,502	47,726	53,961	51,214	46,416	58,154	45,957	49,289	41,905	44,825	46,366	49,271	42,920	62,751	47,243	93,385	49,451	60,614	59,744	54,979	55,295	50,495	34,418	39,653	40,563	44,444	47,755	46,244	46,315	51,274	40,867	48,542	49,133	49,147	47,326	43,589	42,821	42,205	41,979	42,974	42,992	39,003	45,606
Noninterest Expense
Salaries and employee benefits
79,173	74,974	71,729	71,566	71,183	87,346	63,158	66,592	64,179	74,785	57,783	57,606	56,564	72,344	60,861	62,715	56,972	56,782	58,151	59,248	69,694	58,237	54,634	55,050	51,380	50,975	51,777	48,723	50,960	51,201	49,876	46,751	46,046	49,609	52,325	43,084	44,521	45,387	41,696	41,074	42,444	46,502	45,206
Occupancy
15,133	14,184	11,934	14,559	14,578	13,210	12,578	12,873	13,280	12,168	11,670	10,539	12,134	11,591	12,944	13,568	12,844	11,796	13,009	14,141	14,293	12,722	12,723	12,712	10,942	11,663	12,584	12,029	12,084	11,759	13,454	13,256	12,460	13,228	13,328	12,196	12,302	10,629	11,723	11,818	12,240	12,029	12,050
Equipment
5,305	3,958	3,954	4,517	4,474	3,916	3,652	3,728	3,565	3,498	3,485	3,350	3,227	3,675	3,564	3,316	2,893	2,856	2,977	3,446	3,904	2,933	3,330	3,176	3,014	2,900	3,306	2,775	2,898	3,019	2,902	2,967	2,856	3,000	2,878	2,845	2,997	2,592	2,623	2,630	2,796	2,930	2,674
Marketing
3,097	3,631	4,105	4,439	3,723	4,782	3,406	3,962	3,697	3,803	2,646	3,673	3,050	3,495	3,528	5,111	2,486	1,769	2,727	3,678	2,236	2,590	2,382	2,434	2,185	1,872	2,201	1,934	1,205	2,977	1,537	1,495	1,442	1,797	1,294	1,582	1,317	1,446	1,527	1,385	1,362	2,290	2,618
Data processing
9,467	9,080	8,961	10,207	9,341	9,418	8,628	9,724	8,400	8,776	7,696	8,226	7,608	7,961	8,242	8,676	7,123	6,020	6,622	8,077	6,590	6,918	6,401	6,479	5,584	5,013	5,704	5,659	5,232	5,179	5,432	5,934	5,469	5,433	5,703	5,770	6,065	5,136	5,124	5,634	5,515	5,322	5,353
Communication
2,798	2,450	2,349	2,849	3,054	2,537	2,473	2,772	3,064	2,419	2,163	2,288	2,414	2,805	2,755	2,535	1,864	2,106	2,301	2,435	2,744	2,907	2,615	2,343	2,611	2,597	2,655	2,703	2,566	2,886	2,627	2,602	2,824	2,899	2,529	2,644	2,334	2,314	2,329	2,473	2,687	2,723	2,869
Professional fees
4,293	9,986	5,037	4,921	2,910	5,615	3,235	2,923	2,730	5,523	4,589	4,077	2,651	3,904	3,252	5,181	3,368	2,808	2,435	3,381	3,132	3,733	5,332	3,643	3,682	2,305	3,140	2,834	3,669	2,889	3,787	2,630	2,724	4,497	5,905	2,134	2,423	2,776	1,600	2,176	1,701	2,062	2,108
Loan expenses
1,771	1,873	1,811	1,657	1,912	1,877	1,564	1,843	1,744	1,730	1,542	1,693	1,631	1,963	2,213	2,123	1,333	1,811	1,420	1,816	1,326	1,696	1,653	1,441	1,317	1,501	1,886	1,969	1,616	2,141	1,760	1,528	1,608	1,383	1,139	1,125	1,087	940	980	1,108	908	1,175	1,151
Supplies
-	-	-	-	-	-	-	-	722	-	547	594	579	885	799	598	583	565	445	581	684	688	793	824	653	477	666	649	569	613	739	609	758	1,571	646	932	613	756	710	689	780	891	1,162
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,380	-870	-1,381	-22	-	-
FDIC assessment
1,609	1,529	960	1,454	2,087	2,110	2,722	3,161	2,645	2,666	2,197	2,130	2,487	2,583	2,149	2,030	1,919	1,913	1,733	1,972	1,885	1,704	1,671	1,445	1,441	1,470	1,857	118	1,652	1,897	1,320	1,379	1,395	1,902	1,657	1,773	2,191	2,169	2,077	1,677	2,447	1,763	6,341
Other real estate owned expense
-	-	-	-	-	-	-	-	-349	-	-511	-1,009	-1,115	-944	-728	-2,099	-424	-482	-584	-476	-1,161	-330	-758	-1,255	-758	-113	-1,465	-1,537	-1,014	-5,382	-371	-1,576	-9,807	-310	-580	-764	-338	-	-	-	-	-	-
Amortization of intangibles
3,800	3,900	4,200	4,300	4,500	4,100	3,300	3,400	3,600	3,358	2,641	2,781	3,020	3,255	3,233	3,365	2,647	2,816	2,872	2,977	3,081	2,761	2,519	2,003	1,837	1,938	1,859	1,840	2,525	2,053	1,956	1,911	2,021	2,961	2,106	1,838	1,924	1,503	1,501	1,504	1,622	1,662	1,664
Amortization of tax credit investments
-5,515	-710	-1,211	-568	-260	-1,142	-9,233	-11,858	-716	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
26,807	8,422	6,366	7,056	5,047	15,252	5,444	7,608	8,457	14,287	6,232	4,845	5,411	10,867	3,794	10,155	3,899	10,745	7,341	7,462	5,426	2,898	5,154	5,299	2,848	5,403	7,558	4,146	4,193	7,429	3,258	3,389	1,877	5,090	5,068	3,071	1,813	1,177	3,342	4,322	2,536	4,617	3,555
Total noninterest expense
158,744	134,743	122,585	128,118	123,041	150,268	119,376	130,460	117,157	140,432	103,702	102,811	101,891	126,258	108,062	121,472	98,355	102,469	102,617	109,690	116,156	100,117	99,965	98,104	88,252	88,227	96,658	86,916	90,183	99,425	89,019	86,027	91,287	93,680	95,158	79,758	79,925	83,272	76,102	77,871	77,060	83,966	86,751
Income before income taxes
25,579	60,618	83,035	77,323	69,380	50,721	56,673	48,346	52,940	21,912	50,831	49,438	46,483	48,166	45,678	69,934	36,648	43,583	54,064	35,115	30,131	39,552	40,229	26,431	35,752	35,151	30,817	42,212	34,337	34,029	25,598	38,095	30,063	31,026	24,842	22,943	20,951	5,810	13,645	12,257	11,768	-743	7,654
Income tax expense
2,939	11,433	13,254	14,359	13,104	3,223	5,325	4,345	4,957	40,405	11,459	10,584	10,491	14,710	10,969	30,812	9,671	11,598	16,395	8,959	9,225	10,302	11,095	7,658	9,242	10,602	6,869	13,734	10,392	11,020	5,861	10,889	8,340	8,812	8,045	5,927	4,518	84	1,749	1,734	1,699	-4,760	-1,981
Net income
22,640	49,185	69,781	62,964	56,276	47,498	51,348	44,001	47,983	-18,493	39,372	38,854	35,992	33,456	34,709	39,122	26,977	31,985	37,669	26,156	20,906	29,250	29,134	18,773	26,510	24,549	23,948	28,478	23,945	23,009	19,737	27,206	21,723	22,214	16,797	17,016	16,433	5,726	11,896	10,523	10,069	4,017	9,635
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,017	9,635
Net income per common share - basic (in dollars per share)
0.13	0.29	0.41	0.37	0.32	0.28	0.34	0.29	0.32	-0.16	0.30	0.28	0.27	0.25	0.25	0.31	0.24	0.28	0.33	0.22	0.18	0.25	0.26	0.18	0.27	0.24	0.24	0.28	0.24	0.23	0.20	0.29	0.23	0.23	0.18	0.18	0.17	0.07	0.13	0.12	0.12	-	-
Net income per common share - diluted (in dollars per share)
0.13	0.29	0.41	0.36	0.32	0.28	0.34	0.29	0.31	-0.15	0.29	0.28	0.27	0.25	0.25	0.31	0.24	0.27	0.33	0.22	0.18	0.25	0.26	0.18	0.26	0.25	0.23	0.28	0.24	0.23	0.20	0.29	0.23	0.23	0.18	0.18	0.17	0.07	0.13	0.12	0.12	-	-
Weighted average number of common shares outstanding:
Weighted average number of common shares outstanding - basic (in shares)
167,748	169,163	170,746	172,985	174,734	167,171	151,930	151,878	151,721	146,167	135,120	135,085	134,912	134,822	134,492	127,508	113,998	114,042	114,590	115,732	118,540	116,143	111,428	103,904	99,797	100,141	100,645	100,981	101,081	101,111	95,690	94,514	94,445	94,464	94,492	94,479	94,433	86,807	86,795	86,786	86,752	66,635	65,950
Weighted average number of common shares outstanding - diluted (in shares)
168,404	170,154	171,551	173,675	175,368	168,434	152,784	152,568	152,370	147,128	135,796	135,697	135,431	135,657	135,011	127,973	114,563	114,568	115,153	116,223	119,076	116,827	111,947	104,361	100,325	100,762	101,131	101,352	101,547	101,503	96,125	94,871	94,833	94,932	94,785	94,701	94,670	87,073	86,931	86,911	86,797	66,706	65,999
Dividends per common share (in dollars per share)
0.14	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07