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Old National Bancorp ONB Clearing Service — Merchant Processing Fees

Discontinued — last reported Q2 '18

Similar metrics at other companies

First Citizens BancShares logo
FCNCAMerchant services, net — Noninterest income
$13M-7.1%
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BOKFMerchant services revenue — Total fees and commissions revenue
$2.44M+11.9%
U.S. Bancorp logo
USBMerchant processing services
$436M+5.1%
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BOKFMerchant services revenue — Fees and commissions revenue from contracts with customers
$2.44M+11.9%
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CBSHBank Card Transaction Fees — Contractwith Customer Receivable
$18.07M+4.7%
Fidelity National Information Services logo
FISTransaction processing and services — Revenue
$2.32B+34.1%

Other financials

Income statement

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Revenue$694.9M+44.3%
Net income$233.7M+61.5%
EPS (diluted)$0.59+34.1%

Balance sheet

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Cash & equivalents$1.8B+41.5%
Total debt$243.3M+11.6%
Total equity$8.5B+30.2%
Total assets$73.0B+35.5%

Cash flow

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Operating cash flow$206.1M+90.5%
CapEx$12.9M+122%
Free cash flow$193.3M+88.7%

Valuation

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Market cap$9.58B+27.4%
Enterprise value$8.07B+23.8%
P/E12.6×-0.7×
P/S3.5×-0.4×

Profitability

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Net margin27.7%-1.5pp
FCF margin26.6%-4.4pp

Returns & leverage

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Return on equity10.1%+0.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Old National Bancorp in its filing.

Tagged under the XBRL concept onb:MerchantProcessingFees.

The official record: Old National Bancorp’s 10-Q, filed August 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does clearing service — merchant processing fees mean?
Revenue earned from providing payment processing and transaction clearing services to merchant clients.
How do you interpret clearing service — merchant processing fees?
An increase suggests higher transaction volumes or improved pricing power in the bank's merchant services segment, while a decrease may indicate increased competition or lower client activity. It serves as a proxy for the health and adoption of the bank's digital payment offerings.
How does clearing service — merchant processing fees compare across companies?
Comparable to merchant services revenue or payment processing fees reported by other regional and community banks with integrated treasury management divisions.