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Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Old National Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $1,426 Mil. Old National Bancorp's average earning assets for the quarter that ended in Mar. 2024 was $42,862 Mil. Therefore, Old National Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 3.33%.
The historical data trend for Old National Bancorp's Net Interest Margin (Bank Only) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Old National Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 3.52 | 3.21 | 2.94 | 4.31 | 3.61 |
Old National Bancorp Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 3.72 | 3.68 | 3.60 | 3.46 | 3.33 |
For the Banks - Regional subindustry, Old National Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Banks industry and Financial Services sector, Old National Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Old National Bancorp's Net Interest Margin (Bank Only) % falls into.
Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
Old National Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as
Net Interest Margin (Bank Only) % | (A: Dec. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Dec. 2022 ) | + | Earning Assets (A: Dec. 2023 )) | / count ) |
= | 1503.153 | / | ( (40747.262 | + | 42523.243) | / 2 ) |
= | 1503.153 | / | 41635.2525 | |||
= | 3.61 % |
where
Earning Assets | (A: Dec. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 30831.896 | + | 9915.366 |
= | 40747.262 |
Earning Assets | (A: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 32716.323 | + | 9806.92 |
= | 42523.243 |
Old National Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as
Net Interest Margin (Bank Only) % | (Q: Mar. 2024 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Dec. 2023 ) | + | Earning Assets (Q: Mar. 2024 )) | / count ) |
= | 1425.832 | / | ( (42523.243 | + | 43200.979) | / 2 ) |
= | 1425.832 | / | 42862.111 | |||
= | 3.33 % |
where
Earning Assets | (Q: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 32716.323 | + | 9806.92 |
= | 42523.243 |
Earning Assets | (Q: Mar. 2024 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 33323.024 | + | 9877.955 |
= | 43200.979 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: Interest Expense is the negative value.
In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
Old National Bancorp (NAS:ONB) Net Interest Margin (Bank Only) % Explanation
The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.
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Michael L Scudder | director, officer: Executive Chairman | 300 PARK BLVD, SUITE 405, ITASCA IL 60143 |
Ryan James C Iii | officer: SENIOR VP & TREASURER | ONE MAIN STREET, EVANSVILLE IN 47708 |
Kathryn Hayley | director | C/O AON CORPORATION, LAW DEPT, 200 EAST RANDOLPH STREET, 8TH FLOOR, CHICAGO IL 60601 |
Thomas Lynn Brown | director | 8750 W. BRYN MAWR, SUITE 1300, CHICAGO IL 60631 |
Peter J Henseler | director | C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523 |
Ellen A Rudnick | director | 5807 SOUTH WOODLAWN AVENUE, MP POLSKY CENTER FOR ENTREPRENEURSHIP, CHICAGO IL 60637 |
Mark G Sander | officer: President and COO | 1200 HANSEN ROAD, GREEN BAY WI 54304 |
Angela L Putnam | officer: CAO and Corporate Controller | ONE PIERCE PLACE, SUITE 1500, ITASCA IL 60143 |
Nicholas J Chulos | officer: Chief Legal Officer & Corp Sec | ONE PIERCE PLACE, SUITE, ITASCA IL 60143 |
Chady M. Alahmar | officer: CEO, Wealth Management | ONE MAIN STREET, EVANSVILLE IN 47708 |
Barbara A Boigegrain | director | ONE PIERCE PLACE, SUITE 1500, ITASCA IL 60143 |
Michael Small | director | C/O CENTENNIAL COMMUNICATIONS CORP, 3349 RTE 138, WALL NJ 07719 |
Van Arsdell Stephen C | director | ONE PIERCE PLACE, SUITE 1500, ITASCA IL 60143 |
Austin M Ramirez | director | ONE MAIN STREET, EVANSVILLE IN 47708 |
Ryan C Kitchell | director | ONE MAIN STREET, EVANSVILLE IN 47708 |
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