•
Sep 30, 2020

Old National Q3 2020 Earnings Report

Old National's financial performance reflected strong commercial production and net recoveries.

Key Takeaways

Old National Bancorp reported a net income of $77.9 million, with a diluted EPS of $0.47 for the third quarter of 2020. The quarter was marked by strong commercial production and credit metrics that resulted in net recoveries.

Net income was reported at $77.9 million.

Earnings per diluted share reached $0.47.

Net interest income remained unchanged at $145.6 million.

Net recoveries amounted to $3.0 million.

Total Revenue
$210M
Previous year: $207M
+1.6%
EPS
$0.46
Previous year: $0.41
+12.2%
Efficiency Ratio
55.93%
Adjusted Efficiency Ratio
53.06%
Return on Avg Equity
10.79%
Gross Profit
$210M
Previous year: $205M
+2.5%
Cash and Equivalents
$331M
Previous year: $420M
-21.3%
Free Cash Flow
$114M
Previous year: $54.8M
+107.1%
Total Assets
$22.5B
Previous year: $20.4B
+9.9%

Old National

Old National

Forward Guidance

No specific forward guidance was provided in the document.