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Mar 31, 2022
Old National Q1 2022 Earnings Report
Old National's first quarter was driven by the transformative merger with First Midwest and strong commercial loan growth.
Key Takeaways
Old National Bancorp reported a net loss applicable to common shares of $29.6 million, or $(0.13) per diluted share, for 1Q22. However, adjusted net income applicable to common shares was $91.6 million, or $0.40 per diluted common share. The results were driven by robust commercial loan growth and the completion of the merger with First Midwest.
Net loss applicable to common shares of $29.6 million; adjusted net income applicable to common shares of $91.6 million.
EPS of $(0.13); adjusted EPS of $0.40.
Net interest income on a fully taxable equivalent basis of $226.6 million.
Net interest margin on a fully taxable equivalent basis of 2.88%.
Forward Guidance
This communication contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, descriptions of Old National’s financial condition, results of operations, asset and credit quality trends, profitability and business plans or opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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