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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)
Old National
Old National
Old National Revenue by Segment
Revenue by Segment
Wealth and investment services fees Revenue
CapyFin.comService charges on deposit accounts Revenue
CapyFin.comMortgage banking Revenue
CapyFin.comCapital markets income Revenue
CapyFin.comCompany-owned life insurance Revenue
CapyFin.comOther income Revenue
CapyFin.comDebit card and ATM fees Revenue
CapyFin.com 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.