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Dec 31, 2021
Old National Q4 2021 Earnings Report
Old National reported record net income driven by commercial loan growth.
Key Takeaways
Old National Bancorp reported a Q4 2021 net income of $56.2 million, with a diluted EPS of $0.34. The quarter's results were influenced by merger-related charges. Excluding these charges, the adjusted net income stood at $60.9 million, or $0.37 per diluted share. Strong commercial production resulted in 6.9% annualized commercial loan growth.
Net income was $56.2 million, or $0.34 per diluted share.
Net interest income on a fully taxable equivalent basis was $150.2 million.
Total commercial loans increased by $162.5 million, excluding PPP loans.
Period-end total loans were $13,637.3 million.
Revenue by Segment
Forward Guidance
This communication includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to Old National’s future plans, objectives, performance, revenues, growth, profits, operating expenses or Old National’s underlying assumptions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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