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Jun 30, 2022
Old National Q2 2022 Earnings Report
Strong commercial loan growth and net interest margin expansion drove Old National's performance.
Key Takeaways
Old National Bancorp reported a robust second quarter with a 17% increase in annualized loan growth and strong net interest margin expansion. Net income applicable to common shares was $111.0 million, with diluted EPS of $0.38. Adjusted net income applicable to common shares was $134.6 million, or $0.46 per diluted common share.
Net income applicable to common shares was $111.0 million; adjusted net income applicable to common shares was $134.6 million.
EPS was $0.38; adjusted EPS was $0.46.
Net interest income on a fully taxable equivalent basis was $341.8 million.
Net interest margin on a fully taxable equivalent basis was 3.33%, up 45 basis points.
Forward Guidance
The company anticipates completing the sale of Health Savings Accounts in the fourth quarter of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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