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Jun 30, 2021

Old National Q2 2021 Earnings Report

Old National's second quarter earnings were strong, driven by commercial loan growth and excellent credit metrics.

Key Takeaways

Old National Bancorp reported a strong 2nd quarter with net income of $62.8 million and diluted EPS of $0.38. Adjusted net income was $67.4 million, or $0.41 per diluted share. Commercial loan production drove over 11% annualized commercial loan growth, with excellent credit metrics and a stable net interest margin.

Net income was $62.8 million, or $0.38 per diluted share.

Adjusted net income was $67.4 million, or $0.41 per diluted share.

Commercial loan production drove over 11% annualized commercial loan growth.

Net interest margin on a fully taxable equivalent basis was 2.91%.

Total Revenue
$201M
Previous year: $204M
-1.3%
EPS
$0.41
Previous year: $0.33
+24.2%
Efficiency Ratio
62.05%
Previous year: 56.29%
+10.2%
Adjusted Efficiency Ratio
57.74%
Previous year: 53.79%
+7.3%
Net Interest Margin
2.91%
Gross Profit
$201M
Previous year: $204M
-1.3%
Cash and Equivalents
$491M
Previous year: $310M
+58.2%
Free Cash Flow
$60.4M
Previous year: -$26.2M
-330.6%
Total Assets
$23.7B
Previous year: $22.1B
+7.1%

Old National

Old National

Forward Guidance

This document does not contain any forward guidance.