Old National Bancorp /IN/ ONB Income Statement

Old national bancorp /in/ (ONB)

Income statement / TTM

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
559,473	569,718	572,468	552,519	528,876	508,293	475,611	447,828	415,407	389,219	378,205	375,386	369,724	349,095	323,998	311,013	301,065	304,452	307,631	316,830	306,143	296,141	285,680	255,907	253,238	252,499	259,967	259,576	259,264	257,176	249,379	251,169	240,305	228,480	208,249	189,178	181,005	175,607	181,781	188,409	0	0	0
Nontaxable
15,321	15,919	16,480	16,650	16,648	16,299	16,115	15,413	14,665	13,970	13,076	12,707	12,462	12,287	11,972	11,800	11,627	11,566	11,153	10,929	10,641	10,207	10,051	9,891	9,741	9,411	9,226	8,970	8,818	8,858	9,040	9,209	9,316	9,419	9,504	9,622	9,773	9,631	11,854	15,230	0	0	0
Investment securities:
Taxable
113,151	113,832	109,768	100,275	89,401	80,168	73,077	69,016	66,150	63,031	61,602	60,884	58,968	57,005	55,944	55,625	56,332	57,336	58,075	58,705	59,860	60,903	61,088	61,306	60,998	60,371	74,841	70,510	66,687	62,889	45,422	47,809	49,368	51,682	53,766	57,039	63,919	71,057	77,439	86,386	0	0	0
Nontaxable
29,782	29,248	28,929	28,105	27,514	26,655	26,708	27,465	28,035	28,858	28,960	29,116	29,007	28,617	28,209	27,662	26,810	25,788	24,650	23,990	23,372	22,436	21,692	20,681	19,965	19,491	18,713	17,720	16,692	15,722	14,881	14,215	13,630	13,571	13,766	14,055	14,959	16,294	18,288	20,387	0	0	0
Money market and other interest-earning investments
1,741	1,670	1,423	1,035	818	630	434	379	317	258	208	146	112	130	122	103	90	47	38	40	42	42	32	34	31	38	39	49	52	54	64	133	278	362	401	384	344	431	398	365	0	0	0
Taxable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,748	20,396	21,642	23,079	25,637	26,821	25,823	23,828	19,545	14,765	0	0	0
Total interest income
719,468	730,387	729,068	698,584	663,257	632,045	591,945	560,101	524,574	495,336	482,051	478,239	470,273	447,134	420,245	406,203	395,924	399,189	401,547	410,494	400,058	389,729	378,543	347,819	343,973	341,810	348,078	346,956	346,538	344,699	338,534	342,931	334,539	326,593	311,323	297,099	295,823	296,848	309,305	325,542	0	0	0
Interest Expense
Deposits
65,218	69,364	67,364	59,846	50,466	41,277	33,707	27,643	23,228	20,356	18,949	18,643	18,173	17,283	16,166	14,821	14,098	14,168	13,948	13,795	13,606	13,326	13,396	14,465	16,139	18,124	20,571	22,600	24,628	27,042	28,067	31,049	33,590	35,911	39,626	41,653	44,675	48,608	54,614	60,845	0	0	0
Federal funds purchased and interbank borrowings
4,978	5,656	7,157	6,864	5,694	4,793	3,388	2,852	2,627	1,966	1,540	1,111	906	673	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities sold under agreements to repurchase
2,239	2,517	2,682	2,502	2,265	1,962	1,728	1,473	1,373	1,270	1,240	1,335	1,392	1,509	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank advances
35,289	37,452	38,534	38,291	37,076	34,925	32,355	30,093	27,286	24,818	22,330	19,849	17,442	15,547	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowings
10,748	11,125	11,732	11,736	11,678	11,486	10,834	10,471	10,121	9,758	9,463	9,447	9,499	9,419	2,977	5,576	7,369	9,031	11,394	9,296	6,693	4,188	7,341	5,900	5,541	5,621	6,164	6,830	7,697	8,361	8,947	11,912	14,637	17,259	20,917	23,090	25,925	29,162	33,002	36,093	0	0	0
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	292	311	441	641	745	774	679	539	529	537	533	550	525	525	557	662	839	1,155	0	0	0
Total interest expense
118,472	126,114	127,469	119,239	107,179	94,443	82,012	72,532	64,635	58,168	53,522	50,385	47,412	44,431	41,537	38,194	35,158	33,073	31,310	28,994	26,173	23,359	21,029	20,676	22,121	24,386	27,480	30,204	33,004	35,942	37,543	43,498	48,760	53,720	61,068	65,268	71,157	78,432	88,455	98,093	0	0	0
Net interest income
600,996	604,273	601,599	579,345	556,078	537,602	509,933	487,569	459,939	437,168	428,529	427,854	422,861	402,703	378,708	368,009	360,766	366,116	370,237	381,500	373,885	366,370	357,514	327,143	321,852	317,424	320,598	316,752	313,534	308,757	300,991	299,433	285,779	272,873	250,255	231,831	224,666	218,416	220,850	227,449	0	0	0
Provision for loan losses
20,654	4,747	6,873	6,186	7,629	6,966	4,613	4,174	3,083	3,050	257	1,252	1,216	960	3,200	2,061	3,013	2,923	3,308	5,732	3,061	3,097	4,481	166	-3,127	-2,319	-2,391	-267	3,819	5,030	3,885	3,403	6,217	7,473	13,537	20,019	24,812	30,781	35,872	41,440	0	0	0
Net interest income after provision for loan losses
580,342	599,526	594,726	573,159	548,449	530,636	505,320	483,395	456,856	434,118	428,272	426,602	421,645	401,743	375,508	365,948	357,753	363,193	366,929	375,768	370,824	363,273	353,033	326,977	324,979	319,743	322,989	317,019	309,715	303,727	297,106	296,030	279,562	265,400	236,718	211,812	199,854	187,635	184,978	186,009	0	0	0
Noninterest Income
Wealth management fees
37,421	37,072	36,673	36,535	36,372	36,863	37,595	37,410	37,343	37,316	36,108	35,843	35,519	34,641	34,190	33,908	33,996	34,395	34,504	33,404	31,465	28,737	26,377	24,721	23,629	23,493	23,013	22,677	22,109	21,549	21,077	20,973	20,456	20,460	19,544	18,297	16,933	16,120	15,949	16,360	0	0	0
Service charges on deposit accounts
44,166	44,915	45,675	44,843	44,093	44,026	43,465	42,972	42,247	41,331	40,866	41,385	41,782	41,578	41,169	41,125	41,966	43,372	45,330	46,801	47,344	47,433	48,205	49,653	49,598	49,562	49,694	48,581	49,719	51,483	52,382	53,614	53,174	51,862	50,573	48,936	49,622	50,018	52,575	55,839	0	0	0
Debit card and ATM fees
21,147	21,652	21,857	21,193	20,854	20,216	19,407	18,949	18,305	17,676	17,103	17,185	17,220	16,769	16,232	15,789	18,393	21,340	24,512	27,430	26,831	25,835	26,050	25,491	24,957	25,019	24,072	23,518	23,471	24,006	24,383	25,457	25,641	25,199	24,425	23,480	23,331	22,967	22,699	22,289	0	0	0
Mortgage banking revenue
32,730	26,622	24,924	20,422	18,476	17,657	17,662	18,418	18,415	18,449	18,915	21,529	21,546	20,240	17,986	13,438	12,497	12,540	12,785	11,350	8,350	6,017	4,224	3,446	3,777	4,420	5,393	5,276	4,456	3,742	2,862	2,721	2,857	3,250	3,025	2,970	2,693	2,230	3,280	4,400	0	0	0
Insurance premiums and commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	20,527	30,866	40,672	43,722	42,714	42,155	41,978	41,617	41,466	40,903	39,995	39,502	38,483	38,622	38,439	38,432	37,103	36,636	36,301	36,001	36,957	36,570	36,926	36,828	36,463	36,594	36,811	0	0	0
Investment product fees
22,388	21,785	21,475	21,304	20,779	20,539	20,961	21,081	21,019	20,977	20,341	20,186	19,906	18,822	18,042	17,431	17,426	17,924	18,016	18,273	17,671	17,136	16,556	16,346	16,303	16,018	15,392	14,277	13,366	12,714	12,017	11,635	11,405	11,068	11,083	10,431	9,733	9,192	8,985	8,910	0	0	0
Capital markets income
15,081	13,270	11,067	9,207	6,953	4,934	5,017	4,160	6,011	6,544	6,470	5,421	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Company-owned life insurance
11,431	11,539	11,193	11,448	11,167	10,584	10,359	9,423	9,110	8,654	8,486	8,627	8,590	8,479	8,345	8,377	8,490	8,604	8,522	8,159	7,609	6,924	6,425	7,306	7,277	7,454	7,682	6,703	6,601	6,452	6,200	5,859	5,645	5,322	4,856	4,497	4,379	4,052	3,547	2,933	0	0	0
Debt securities gains (losses), net
7,200	1,923	1,129	840	1,169	2,060	4,005	6,842	8,423	9,135	8,786	7,461	6,242	5,848	6,271	5,485	4,141	5,718	8,925	10,777	11,954	9,830	6,308	3,781	3,881	4,341	7,558	10,249	15,452	15,052	14,153	14,137	7,811	8,691	9,358	9,778	15,120	17,124	17,894	24,908	0	0	0
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	0	-	-	-	1,318	1,414	2,458	2,396	3,049	3,252	2,491	2,390	3,721	5,060	13,424	4,940	0	0	0
Loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	470	610	1,843	1,843	1,373	1,233	0	1,133	5,054	4,473	0	0	0
Impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	0	-	-	-	1,318	1,414	1,988	1,786	1,206	1,409	1,118	1,157	3,721	3,927	8,370	16,195	0	0	0
Gain on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	319	521	626	820	929	852	824	974	808	1,029	1,203	1,492	711	857	0	0	0
Recognition of deferred gain on sale leaseback transactions
-	-	-	-	-	-	-	-	-	-	15,344	15,042	15,542	16,057	14,360	15,542	15,972	16,444	5,932	6,039	6,094	6,094	6,106	6,148	6,416	6,476	6,544	6,585	6,400	6,423	7,775	7,804	7,835	7,864	6,546	6,546	6,451	6,452	6,482	6,314	0	0	0
Net gain on branch divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of ONB Insurance Group, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on branch divestitures - deposit premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Change in FDIC indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	290	-6,292	-8,721	-9,034	-15,337	-27,858	-36,787	-43,162	-40,288	-23,325	-14,329	-9,288	-5,173	-7,910	-10,441	-3,375	-4,227	1,185	5,190	426	535	0	0	-	0	-	-	-	-
Other income
18,839	20,539	21,763	21,960	25,964	24,437	25,117	24,205	22,031	23,300	28,235	28,665	25,769	24,778	18,081	18,352	20,197	19,906	19,814	18,834	17,713	18,919	18,818	19,435	18,433	16,886	16,564	14,078	15,881	15,261	15,490	15,396	13,562	12,219	9,736	8,861	7,407	7,967	6,602	7,149	0	0	0
Total noninterest income
210,403	199,317	209,745	201,741	199,816	195,305	181,976	182,385	182,367	183,382	201,308	202,185	246,299	252,830	250,693	263,194	224,788	230,632	220,513	195,187	179,861	165,129	159,078	172,415	179,006	184,758	191,588	184,700	186,998	189,816	187,689	194,148	189,195	182,883	175,941	170,594	169,979	170,150	166,948	170,575	0	0	0
Noninterest Expense
Salaries and employee benefits
297,442	289,452	301,824	293,253	288,279	281,275	268,714	263,339	254,353	246,738	244,297	247,375	252,484	252,892	237,330	234,620	231,153	243,875	245,330	241,813	237,615	219,301	212,039	209,182	202,855	202,435	202,661	200,760	198,788	193,874	192,282	194,731	191,064	189,539	185,317	174,688	172,678	170,601	171,716	175,226	0	0	0
Occupancy
55,810	55,255	54,281	54,925	53,239	51,941	50,899	49,991	47,657	46,511	45,934	47,208	50,237	50,947	51,152	51,217	51,790	53,239	54,165	53,879	52,450	49,099	48,040	47,901	47,218	48,360	48,456	49,326	50,553	50,929	52,398	52,272	51,212	51,054	48,455	46,850	46,472	46,410	47,810	48,137	0	0	0
Equipment
17,734	16,903	16,861	16,559	15,770	14,861	14,443	14,276	13,898	13,560	13,737	13,816	13,782	13,448	12,629	12,042	12,172	13,183	13,260	13,613	13,343	12,453	12,420	12,396	11,995	11,879	11,998	11,594	11,786	11,744	11,725	11,701	11,579	11,720	11,312	11,057	10,842	10,641	10,979	11,030	0	0	0
Marketing
15,272	15,898	17,049	16,350	15,873	15,847	14,868	14,108	13,819	13,172	12,864	13,746	15,184	14,620	12,894	12,093	10,660	10,410	11,231	10,886	9,642	9,591	8,873	8,692	8,192	7,212	8,317	7,653	7,214	7,451	6,271	6,028	6,115	5,990	5,639	5,872	5,675	5,720	6,564	7,655	0	0	0
Data processing
37,715	37,589	37,927	37,594	37,111	36,170	35,528	34,596	33,098	32,306	31,491	32,037	32,487	32,002	30,061	28,441	27,842	27,309	28,207	27,986	26,388	25,382	23,477	22,780	21,960	21,608	21,774	21,502	21,777	22,014	22,268	22,539	22,375	22,971	22,674	22,095	21,959	21,409	21,595	21,824	0	0	0
Communication
10,446	10,702	10,789	10,913	10,836	10,846	10,728	10,418	9,934	9,284	9,670	10,262	10,509	9,959	9,260	8,806	8,706	9,586	10,387	10,701	10,609	10,476	10,166	10,206	10,566	10,521	10,810	10,782	10,681	10,939	10,952	10,854	10,896	10,406	9,821	9,621	9,450	9,803	10,212	10,752	0	0	0
Professional fees
24,237	22,854	18,483	16,681	14,683	14,503	14,411	15,765	16,919	16,840	15,221	13,884	14,988	15,705	14,609	13,792	11,992	11,756	12,681	15,578	15,840	16,390	14,962	12,770	11,961	11,948	12,532	13,179	12,975	12,030	13,638	15,756	15,260	14,959	13,238	8,933	8,975	8,253	7,539	8,047	0	0	0
Loan expenses
7,112	7,253	7,257	7,010	7,196	7,028	6,881	6,859	6,709	6,596	6,829	7,500	7,930	7,632	7,480	6,687	6,380	6,373	6,258	6,491	6,116	6,107	5,912	6,145	6,673	6,972	7,612	7,486	7,045	7,037	6,279	5,658	5,255	4,734	4,291	4,132	4,115	3,936	4,171	4,342	0	0	0
Supplies
-	-	-	-	-	-	-	-	2,549	-	2,605	2,857	2,861	2,865	2,545	2,191	2,174	2,275	2,398	2,746	2,989	2,958	2,747	2,620	2,445	2,361	2,497	2,570	2,530	2,719	3,677	3,584	3,907	3,762	2,947	3,011	2,768	2,935	3,070	3,522	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,107	0	0	0	-	-
FDIC assessment
5,552	6,030	6,611	8,373	10,080	10,638	11,194	10,669	9,638	9,480	9,397	9,349	9,249	8,681	8,011	7,595	7,537	7,503	7,294	7,232	6,705	6,261	6,027	6,213	4,886	5,097	5,524	4,987	6,248	5,991	5,996	6,333	6,727	7,523	7,790	8,210	8,114	8,370	7,964	12,228	0	0	0
Other real estate owned expense
-	-	-	-	-	-	-	-	-2,610	-	-3,579	-3,796	-4,886	-4,195	-3,733	-3,589	-1,966	-2,703	-2,551	-2,725	-3,504	-3,101	-2,884	-3,591	-3,873	-4,129	-9,398	-8,304	-8,343	-17,136	-12,064	-12,273	-11,461	-1,992	0	0	0	-	-	-	-	-	-
Amortization of intangibles
16,200	16,900	17,100	16,200	15,300	14,400	13,658	12,999	12,380	11,800	11,697	12,289	12,873	12,500	12,061	11,700	11,312	11,746	11,691	11,338	10,364	9,120	8,297	7,637	7,474	8,162	8,277	8,374	8,445	7,941	8,849	8,999	8,926	8,829	7,371	6,766	6,432	6,130	6,289	6,452	0	0	0
Amortization of tax credit investments
-8,004	-2,749	-3,181	-11,203	-22,493	-22,949	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
48,651	26,891	33,721	32,799	33,351	36,761	35,796	36,584	33,821	30,775	27,355	24,917	30,227	28,715	28,593	32,140	29,447	30,974	23,127	20,940	18,777	16,199	18,704	21,108	19,955	21,300	23,326	19,026	18,269	15,953	13,614	15,424	15,106	15,042	11,129	9,403	10,654	11,377	14,817	15,030	0	0	0
Total noninterest expense
544,190	508,487	524,012	520,803	523,145	517,261	507,425	491,751	464,102	448,836	434,662	439,022	457,683	454,147	430,358	424,913	413,131	430,932	428,580	425,928	414,342	386,438	374,548	371,241	360,053	361,984	373,182	365,543	364,654	365,758	360,013	366,152	359,883	348,521	338,113	319,057	317,170	314,305	314,999	325,648	0	0	0
Income before income taxes
246,555	290,356	280,459	254,097	225,120	208,680	179,871	174,029	175,121	168,664	194,918	189,765	210,261	200,426	195,843	204,229	169,410	162,893	158,862	145,027	136,343	141,964	137,563	128,151	143,932	142,517	141,395	136,176	132,059	127,785	124,782	124,026	108,874	99,762	74,546	63,349	52,663	43,480	36,927	30,936	0	0	0
Income tax expense
41,985	52,150	43,940	36,011	25,997	17,850	55,032	61,166	67,405	72,939	47,244	46,754	66,982	66,162	63,050	68,476	46,623	46,177	44,881	39,581	38,280	38,297	38,597	34,371	40,447	41,597	42,015	41,007	38,162	36,110	33,902	36,086	31,124	27,302	18,574	12,278	8,085	5,266	422	-3,308	0	0	0
Net income
204,570	238,206	236,519	218,086	199,123	190,830	124,839	112,863	107,716	95,725	147,674	143,011	143,279	134,264	132,793	135,753	122,787	116,716	113,981	105,446	98,063	103,667	98,966	93,780	103,485	100,920	99,380	95,169	93,897	91,675	90,880	87,940	77,750	72,460	55,972	51,071	44,578	38,214	36,505	34,244	0	0	0
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
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