NASDAQ$ONB

Old National Bancorp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported net income and EPS, driven by growth strategy and strong commercial loan production.

Old National Bancorp reported a strong fourth quarter with a net income of $74.1 million and diluted EPS of $0.44. The company's success was attributed to the implementation of the ONB Way growth strategy and strong commercial loan production. The quarter was capped off with a very strong year of earnings.

  • Net income for the fourth quarter was $74.1 million.
  • Earnings per diluted share for the fourth quarter was $0.44.
  • Net interest income on a fully taxable equivalent basis was $164.6 million.
  • Adjusted PPNR increased 27.2% over the fourth quarter of 2019.

Headline financials

Total Revenue

$220M

Previous: $197M+11.7%
EPS (adj)

$0.46

Previous: $0.32+43.8%
Efficiency ratio

62.4%

No prior period
Adjusted efficiency

56.4%

No prior period
Net interest margin

3.3%

No prior period
ROATCE

16.6%

No prior period
Adj. ROATCE

17.1%

No prior period
Capital Expenditures

$4.01M

Previous: $6.33M-36.7%
Free Cash Flow

$131M

Previous: $90.7M+44.1%
Net Income

$74.1M

Previous: $49.2M+50.7%
Operating Income

$78.4M

No prior period
Gross Profit

$220M

Previous: $195M+12.8%
Cash & Equivalents

$590M

Previous: $276M+113.4%
Total Assets

$23B

Previous: $20.4B+12.5%
Stock-Based Comp

$1.75M

Previous: $2.05M-14.8%

Revenue & EPS history

Old National · Revenue · Quarterly

$220M

Q4 2020+11.7%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Old National · $52.8M total across 7 segments · Q4 2020

  • Mortgage banking
    $16.2M
  • Wealth mgmt. fees
    $9.26M
  • Deposit account fees
    $8.72M
  • Capital markets
    $6.55M
  • Debit & ATM fees
    $5.07M
  • Other income
    $3.86M
  • Life insurance income
    $3.15M

Forward guidance

The press release does not contain explicit forward guidance. Therefore, I cannot provide the positives or negative bullet points.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.0%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.6%

Avg return

30 days after

54%

37 / 69 earnings

Positive

+10.8%

Q2 2020

Best reaction

-8.0%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-0.1%+0.6%
Q4 2025+4.9%+3.4%+10.0%
Q3 2025+0.4%+0.5%+2.0%
Q2 2025-1.0%-1.3%+3.8%
Q1 2025+3.8%+8.5%+8.1%
Q4 2024+2.2%+0.6%+4.5%
Q3 2024+0.2%-0.8%+12.1%
Q2 2024+0.5%+2.3%-5.5%
Q1 2024+0.8%+0.7%+1.6%
Q4 2023-0.4%+1.2%-1.9%
Q3 2023-3.8%-1.9%+5.6%
Q2 2023+9.4%+7.9%-2.5%
Q1 2023+0.9%-0.7%-5.6%
Q4 2022-6.4%-6.0%-0.9%
Q3 2022+4.0%+5.7%+2.8%
Q2 2022+4.7%+7.3%+7.8%
Q1 2022-1.0%-1.6%+3.0%
Q4 2021-3.7%-6.9%-12.0%
Q3 2021+3.9%+3.9%+7.0%
Q2 2021+1.1%-0.4%+1.2%
Q1 2021-3.0%+0.4%+0.8%
Q4 2020+1.0%+1.3%-0.4%
Q3 2020+3.5%+7.0%+18.7%
Q2 2020+10.8%+7.8%+8.9%
Q1 2020-1.0%-0.9%-2.4%
Q4 2019-2.5%-1.7%-1.5%
Q3 2019+4.0%+5.4%+5.9%
Q2 2019+3.2%+5.4%+1.3%
Q1 2019+0.6%+0.9%-1.4%
Q4 2018-3.7%-0.8%+6.3%
Q3 2018-6.5%-9.3%-3.0%
Q2 2018+3.9%+1.5%+5.2%
Q1 2018+7.4%+4.2%+7.4%
Q4 2017-3.5%-5.2%-5.7%
Q3 2017+1.1%+0.8%-5.1%
Q2 2017-2.1%-3.3%-2.1%
Q1 2017-1.4%-3.7%-6.6%
Q4 2016+3.2%+2.3%+8.0%
Q3 2016+0.5%-0.2%+18.6%
Q2 2016-0.1%+4.2%+7.6%
Q1 2016-4.6%
Q4 2015-8.0%
Q3 2015-3.2%
Q2 2015+0.7%
Q1 2015-4.7%
Q4 2014+0.4%
Q3 2014+8.2%
Q2 2014-2.1%
Q1 2014+0.1%
Q4 2013-3.9%
Q3 2013-2.6%
Q2 2013-1.2%
Q1 2013-5.1%
Q4 2012+3.7%
Q3 2012-7.2%
Q2 2012+1.0%
Q1 2012+0.5%
Q4 2011-0.5%
Q3 2011-3.1%
Q4 2009-4.7%
Q2 2011-4.7%
Q4 2010-4.7%
Q1 2010-0.8%
Q1 2011+1.8%
Q4 2008+1.0%
Q3 2009+2.0%
Q3 2010+2.0%
Q2 2010+1.3%
Q2 2009+1.3%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro