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Mar 31, 2020

Old National Q1 2020 Earnings Report

Reported first quarter earnings, announced commitment to COVID-19 relief efforts and support programs for clients.

Key Takeaways

Old National Bancorp reported a net income of $22.6 million and diluted EPS of $0.13 for Q1 2020. The company is also committing $1.2 million to COVID-19 relief efforts.

Net income was $22.6 million.

Earnings per share was $0.13.

Net interest income was $147.1 million.

End-of-period total loans were $12,438.8 million.

Total Revenue
$201M
Previous year: $193M
+4.0%
EPS
$0.25
Previous year: $0.33
-24.2%
Efficiency Ratio
77.71%
Adjusted Efficiency Ratio
59.31%
Net Interest Margin
3.31%
Gross Profit
$200M
Previous year: $192M
+4.2%
Cash and Equivalents
$343M
Previous year: $323M
+6.2%
Free Cash Flow
-$29.1M
Previous year: $21.3M
-236.3%
Total Assets
$20.7B
Previous year: $20.1B
+3.3%

Old National

Old National

Forward Guidance

This press release contains forward-looking statements that are subject to risks and uncertainties, including the potential impacts of the COVID-19 pandemic. Actual results may differ materially from those in such statements.