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Old National Bancorp (Old National Bancorp) Effective Interest Rate on Debt % : 17.13% (As of Dec. 2023)


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What is Old National Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Old National Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $901 Mil. Old National Bancorp's average total debt for the quarter that ended in Dec. 2023 was $5,261 Mil. Therefore, Old National Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 17.13%.


Old National Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Old National Bancorp's Effective Interest Rate on Debt % 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.

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Old National Bancorp Effective Interest Rate on Debt % Chart

Old National Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.26 2.99 1.84 3.70 14.63

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
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.69 11.10 14.30 17.13 19.06

Competitive Comparison of Old National Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Old National Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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.


Old National Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Old National Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Old National Bancorp's Effective Interest Rate on Debt % falls into.



Old National Bancorp Effective Interest Rate on Debt % Calculation

Old National Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -703.668/( (4572.021+5045.551)/ 2 )
=-1  *  -703.668/4808.786
=14.63 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4572.021 + 0
=4572.021

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5045.551 + 0
=5045.551

Old National Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -901.372/( (5475.968+5045.551)/ 2 )
=-1  *  -901.372/5260.7595
=17.13 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5475.968 + 0
=5475.968

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5045.551 + 0
=5045.551

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Old National Bancorp  (NAS:ONB) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Old National Bancorp Effective Interest Rate on Debt % Related Terms

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Old National Bancorp (Old National Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
One Main Street, Evansville, IN, USA, 47708
Old National Bancorp with almost $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company headquartered in Indiana. Based in Evansville, Ind., Old National owns multiple financial services operations in Indiana, Illinois, and Kentucky. The company provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and brokerage, trust, and investment advisory services.
Executives
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