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Dec 31, 2022
Old National Q4 2022 Earnings Report
Old National's Q4 2022 performance was driven by commercial loan growth, net interest margin expansion and expense discipline
Key Takeaways
Old National Bancorp reported a strong fourth quarter with net income applicable to common shares of $196.7 million and diluted EPS of $0.67. The results reflect robust loan growth, net interest margin expansion, and a record efficiency ratio, capping off a transformational year of growth.
Net income applicable to common shares was $196.7 million; adjusted net income applicable to common shares was $164.3 million.
Earnings per diluted common share (EPS) was $0.67; adjusted EPS was $0.56.
Net interest income on a fully taxable equivalent basis was $396.5 million.
Net interest margin on a fully taxable equivalent basis (NIM) was 3.85%, up 14 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
No specific forward guidance was provided in the document.