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Sep 30, 2022
Old National Q3 2022 Earnings Report
Old National reported EPS growth driven by commercial loan growth and net interest margin expansion.
Key Takeaways
Old National Bancorp reported a net income applicable to common shares of $136.1 million and diluted EPS of $0.47 for Q3 2022. Adjusted net income applicable to common shares was $150.4 million, with an adjusted diluted EPS of $0.51. The company experienced robust commercial loan growth and net interest margin expansion.
Net income applicable to common shares of $136.1 million; adjusted net income applicable to common shares of $150.4 million
Earnings per diluted common share (EPS) of $0.47; adjusted EPS of $0.51
Net interest income on a fully taxable equivalent basis of $381.5 million
Net interest margin on a fully taxable equivalent basis (NIM) of 3.71%, up 38 basis points (bps)
Revenue by Segment
Forward Guidance
Old National will implement several enhancements to overdraft protection programs to provide clients with more flexibility. The changes will include the elimination of the non-sufficient fund (NSF) fee when an item is returned, among other modifications that will benefit the consumer.
Positive Outlook
- Elimination of non-sufficient fund (NSF) fee.
- Implementation of enhancements to overdraft protection programs.
- Providing clients with more flexibility.
- Modifications that will benefit the consumer.
- Service charge program enhancements to provide clients with more flexibility.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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