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Old National Bancorp ONB Insurance — Income Tax Expense Benefit

Discontinued — last reported Q1 '16

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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 us-gaap:IncomeTaxExpenseBenefit.

The official record: Old National Bancorp’s 10-Q, filed May 6, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does insurance — income tax expense benefit mean?
The tax expense or benefit attributed to the insurance business segment.
How do you interpret insurance — income tax expense benefit?
An increase in tax benefit improves net income, while an increase in tax expense reduces it, reflecting the tax efficiency of the insurance operations.
How does insurance — income tax expense benefit compare across companies?
Comparable to income tax provisions reported by other financial institutions with dedicated insurance or wealth management subsidiaries.