Old National Bancorp's Total Assets for the quarter that ended in Dec. 2023 was €45,015 Mil.
Warning Sign:
If a company builds assets at 25.3% a year, faster than its revenue growth rate of 7.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Old National Bancorp's average Total Assets Growth Rate was 4.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 35.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 25.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.90% per year.
During the past 13 years, Old National Bancorp's highest 3-Year average Total Assets Growth Rate was 38.60%. The lowest was -6.40%. And the median was 11.30%.
The historical data trend for Old National Bancorp's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Old National Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (FRA:ON1) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Old National Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Old National Bancorp Total Assets Related Terms
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Old National Bancorp (FRA:ON1) Business Description
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.
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