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Sep 30, 2021

Old National Q3 2021 Earnings Report

Old National's Q3 2021 performance was driven by commercial loan growth, deposit growth, increased fee income, reduced expenses and strong credit metrics.

Key Takeaways

Old National Bancorp reported a strong 3rd quarter with net income of $71.7 million and diluted EPS of $0.43. The results were driven by commercial loan growth, deposit growth, increased fee income, reduced expenses, and strong credit metrics.

Net income was $71.7 million, with earnings per diluted share of $0.43.

Net interest income on a fully taxable equivalent basis was $155.1 million.

Total commercial loans increased by $171.7 million, excluding PPP loans.

Period-end total deposits were $18,196.1 million, an increase of $327.2 million.

Total Revenue
$206M
Previous year: $210M
-2.0%
EPS
$0.43
Previous year: $0.46
-6.5%
Efficiency Ratio
56.86%
Previous year: 55.93%
+1.7%
Adjusted Efficiency Ratio
55.38%
Previous year: 53.06%
+4.4%
Net Interest Margin
2.92%
Gross Profit
$206M
Previous year: $210M
-2.0%
Cash and Equivalents
$797M
Previous year: $331M
+141.1%
Free Cash Flow
$93.1M
Previous year: $114M
-18.0%
Total Assets
$24B
Previous year: $22.5B
+6.9%

Old National

Old National

Old National Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income