•
Mar 31, 2021

Old National Q1 2021 Earnings Report

Reported first quarter earnings with net income of $86.8 million and diluted EPS of $0.52.

Key Takeaways

Old National Bancorp reported a positive first quarter, driven by record commercial loan production, strong mortgage revenue, and excellent credit quality. Net income was $86.8 million, with diluted EPS of $0.52.

Net income was $86.8 million, or $0.52 per diluted share.

Net interest income on a fully taxable equivalent basis was $151.6 million.

Pre-provision net revenue was $90.6 million.

Total commercial loan production in the first quarter was $718.0 million.

Total Revenue
$205M
Previous year: $201M
+1.8%
EPS
$0.52
Previous year: $0.25
+108.0%
Efficiency Ratio
55.57%
Previous year: 77.71%
-28.5%
Adjusted Efficiency Ratio
54.25%
Previous year: 59.31%
-8.5%
Net Interest Margin
2.94%
Previous year: 3.31%
-11.2%
Gross Profit
$205M
Previous year: $200M
+2.7%
Cash and Equivalents
$458M
Previous year: $343M
+33.4%
Free Cash Flow
$70.3M
Previous year: -$29.1M
-341.9%
Total Assets
$23.7B
Previous year: $20.7B
+14.5%

Old National

Old National

Old National Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income