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Old National Bancorp ONB IN — Number Of Locations To Be Closed

Discontinued — last reported Q1 '20

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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:NumberOfLocationsToBeClosed.

The official record: Old National Bancorp’s 10-K, filed February 12, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does IN — number of locations to be closed mean?
The total number of bank branches in Indiana that the company plans to shut down.
How do you interpret IN — number of locations to be closed?
An increase suggests an aggressive cost-cutting strategy or a pivot to digital-first banking, while a decrease may indicate a stabilization of the physical branch network or a focus on maintaining local market share.
How does IN — number of locations to be closed compare across companies?
Peer regional banks often report this as part of branch optimization programs or restructuring disclosures, typically benchmarked against total branch count to measure the scale of footprint reduction.