Old National Bancorp (OQ:ONB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | One Main St EVANSVILLE IN 47708 |
| Tel: | 1-812-4641366 |
| Website: | https://ir.oldnational.com |
| IR: | See website |
| Key People | ||
| James C. Ryan Chairman of the Board, Chief Executive Officer | Nicholas J. Chulos Chief Legal Officer, Corporate Secretary | Mark G. Sander President, Chief Operating Officer of the Company |
| John V. Moran Interim Chief Financial Officer | Chady M. Alahmar Chief Executive Officer - Wealth Management | James A. Sandgren Chief Executive Officer - Commercial Banking |
| Brent R. Tischler Chief Executive Officer - Community Banking of the Company | Angela L. Putnam Chief Accounting Officer, Corporate Controller | Kendra L. Vanzo Chief Administrative Officer | Scott James Evernham Chief Risk Officer |
| Business Overview |
| Old National Bancorp is the holding company of Old National Bank, which is a commercial bank. 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Old National Bancorp interest income increased 52% to $2.21B. Net interest income after loan loss provision increased 22% to $1.44B. Net income applicable to common stockholders increased 37% to $565.9M. Net interest income after loan loss provision reflects community banking segment increase of 22% to $1.44B, Net Interest Margin, Total -% increase of 2% to 3.54%. |
| Employees: | 3,940 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,067M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,207M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,051M as of Mar 31, 2024 |
| Net annual income (TTM): | $565.86M as of Mar 31, 2024 |
| Free cash flow (TTM): | $297.94M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $619.60M as of Mar 31, 2024 |
| Shares outstanding: | 316,743,725 as of Apr 1, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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