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Old National Bancorp ONB Michigan — Number of banking centers 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 michigan — number of banking centers to be closed mean?
The total number of physical bank branches being shut down in a specific geographic area.
How do you interpret michigan — number of banking centers to be closed?
A decrease in the number of closures suggests a stabilization of the physical footprint, while an increase indicates an accelerated shift toward digital-first service models or a consolidation of market presence.
How does michigan — number of banking centers to be closed compare across companies?
Peers often report this as part of branch optimization or restructuring initiatives, typically benchmarked against total regional branch count to assess the scale of the consolidation.