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Old National Bancorp ONB Minnesota — 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 minnesota — number of banking centers to be closed mean?
The total number of physical bank branches in a specific region that the company plans to shut down.
How do you interpret minnesota — number of banking centers to be closed?
An increase suggests a strategic pivot toward digital-first operations and cost-cutting, while a decrease indicates a commitment to maintaining a physical presence in that market.
How does minnesota — number of banking centers to be closed compare across companies?
Peers often report this as branch rationalization or network optimization metrics, typically disclosed during restructuring phases or post-merger integration.