Old Net Income vs Operating Income Analysis

ONB Stock

USD 17.58 0.02 0.11%

Old National financial indicator trend analysis is much more than just breaking down Old National Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Old National Bancorp is a good investment. Please check the relationship between Old National Net Income and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Old National Bancorp Net Income account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Old National's Net Income and Operating Income is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Old National Bancorp, assuming nothing else is changed. The correlation between historical values of Old National's Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Old National Bancorp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Old National's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Old National Bancorp financial statement analysis. It represents the amount of money remaining after all of Old National Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from Old National Bancorp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Old National Bancorp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Old National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Old National Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At present, Old National's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 204.1 M, whereas Issuance Of Capital Stock is forecasted to decline to about 748.4 K.

	2021	2022	2023	2024 (projected)
EBIT	338.9M	671.0M	751.3M	788.9M
Operating Income	338.9M	671.0M	751.3M	788.9M

Ebit Operating Income

Old National fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Long Term Debt
Common Stock Shares Outstanding		0.99	0.98	0.92	0.62	0.99	0.83	0.97	0.96	0.5	0.12	0.08	0.86	-0.1	0.97	0.77	-0.78	0.85	0.93	-0.05	-0.13	0.99	0.98	-0.23	-0.35	0.72
Total Assets	0.99		0.99	0.92	0.62	0.99	0.81	0.98	0.98	0.53	0.03	0.07	0.87	-0.16	0.99	0.81	-0.82	0.88	0.91	-0.14	-0.17	0.99	0.99	-0.2	-0.3	0.76
Short Long Term Debt Total	0.98	0.99		0.87	0.63	0.98	0.78	0.99	0.97	0.47	0.01	0.11	0.88	-0.19	0.99	0.79	-0.77	0.89	0.89	-0.13	-0.14	0.99	0.99	-0.22	-0.36	0.77
Other Current Liab	0.92	0.92	0.87		0.49	0.93	0.91	0.84	0.88	0.66	0.22	-0.15	0.79	0.07	0.87	0.8	-0.77	0.74	0.93	-0.07	-0.19	0.9	0.93	-0.27	-0.26	0.54
Total Current Liabilities	0.62	0.62	0.63	0.49		0.63	0.43	0.67	0.63	-0.09	-0.12	0.58	0.73	-0.31	0.71	0.25	-0.37	0.72	0.6	0.35	0.2	0.7	0.63	-0.27	-0.44	0.72
Total Stockholder Equity	0.99	0.99	0.98	0.93	0.63		0.85	0.97	0.98	0.54	0.12	0.09	0.86	-0.08	0.97	0.77	-0.83	0.84	0.94	-0.08	-0.18	0.99	0.99	-0.26	-0.32	0.74
Property Plant And Equipment Net	0.83	0.81	0.78	0.91	0.43	0.85		0.74	0.81	0.67	0.48	-0.15	0.75	0.31	0.75	0.63	-0.7	0.54	0.97	0.13	-0.11	0.79	0.83	-0.6	-0.36	0.38
Net Debt	0.97	0.98	0.99	0.84	0.67	0.97	0.74		0.95	0.37	-0.05	0.16	0.89	-0.26	0.99	0.77	-0.74	0.91	0.86	-0.12	-0.1	0.98	0.97	-0.21	-0.41	0.78
Retained Earnings	0.96	0.98	0.97	0.88	0.63	0.98	0.81	0.95		0.56	0.13	0.2	0.8	-0.04	0.95	0.7	-0.86	0.79	0.92	-0.12	-0.21	0.97	0.97	-0.27	-0.22	0.82
Cash	0.5	0.53	0.47	0.66	-0.09	0.54	0.67	0.37	0.56		0.48	-0.39	0.33	0.47	0.4	0.52	-0.61	0.2	0.59	-0.12	-0.34	0.44	0.52	-0.23	0.28	0.22
Non Current Assets Total	0.12	0.03	0.01	0.22	-0.12	0.12	0.48	-0.05	0.13	0.48		0.0	-0.11	0.95	-0.08	-0.25	-0.13	-0.36	0.34	0.55	-0.09	0.02	0.07	-0.44	0.16	-0.18
Non Currrent Assets Other	0.08	0.07	0.11	-0.15	0.58	0.09	-0.15	0.16	0.2	-0.39	0.0		-0.03	-0.07	0.14	-0.45	-0.09	0.06	0.05	0.28	0.05	0.15	0.08	0.0	0.0	0.59
Other Assets	0.86	0.87	0.88	0.79	0.73	0.86	0.75	0.89	0.8	0.33	-0.11	-0.03		-0.3	0.91	0.78	-0.59	0.91	0.83	0.04	0.05	0.89	0.88	-0.42	-0.56	0.59
Cash And Short Term Investments	-0.1	-0.16	-0.19	0.07	-0.31	-0.08	0.31	-0.26	-0.04	0.47	0.95	-0.07	-0.3		-0.28	-0.37	-0.03	-0.55	0.15	0.45	-0.13	-0.19	-0.11	-0.41	0.29	-0.31
Net Receivables	0.97	0.99	0.99	0.87	0.71	0.97	0.75	0.99	0.95	0.4	-0.08	0.14	0.91	-0.28		0.8	-0.76	0.93	0.87	-0.13	-0.09	0.99	0.98	-0.2	-0.38	0.79
Non Current Liabilities Total	0.77	0.81	0.79	0.8	0.25	0.77	0.63	0.77	0.7	0.52	-0.25	-0.45	0.78	-0.37	0.8		-0.63	0.82	0.65	-0.45	-0.16	0.77	0.79	-0.03	-0.28	0.41
Other Stockholder Equity	-0.78	-0.82	-0.77	-0.77	-0.37	-0.83	-0.7	-0.74	-0.86	-0.61	-0.13	-0.09	-0.59	-0.03	-0.76	-0.63		-0.57	-0.78	0.33	0.48	-0.79	-0.81	0.21	0.09	-0.68
Total Liab	0.85	0.88	0.89	0.74	0.72	0.84	0.54	0.91	0.79	0.2	-0.36	0.06	0.91	-0.55	0.93	0.82	-0.57		0.68	-0.14	0.02	0.9	0.86	-0.02	-0.41	0.72
Property Plant And Equipment Gross	0.93	0.91	0.89	0.93	0.6	0.94	0.97	0.86	0.92	0.59	0.34	0.05	0.83	0.15	0.87	0.65	-0.78	0.68		0.08	-0.11	0.91	0.93	-0.52	-0.38	0.6
Total Current Assets	-0.05	-0.14	-0.13	-0.07	0.35	-0.08	0.13	-0.12	-0.12	-0.12	0.55	0.28	0.04	0.45	-0.13	-0.45	0.33	-0.14	0.08		0.35	-0.07	-0.1	-0.37	-0.13	-0.16
Short Term Debt	-0.13	-0.17	-0.14	-0.19	0.2	-0.18	-0.11	-0.1	-0.21	-0.34	-0.09	0.05	0.05	-0.13	-0.09	-0.16	0.48	0.02	-0.11	0.35		-0.13	-0.16	-0.08	-0.22	-0.16
Common Stock Total Equity	0.99	0.99	0.99	0.9	0.7	0.99	0.79	0.98	0.97	0.44	0.02	0.15	0.89	-0.19	0.99	0.77	-0.79	0.9	0.91	-0.07	-0.13		0.99	-0.21	-0.36	0.78
Common Stock	0.98	0.99	0.99	0.93	0.63	0.99	0.83	0.97	0.97	0.52	0.07	0.08	0.88	-0.11	0.98	0.79	-0.81	0.86	0.93	-0.1	-0.16	0.99		-0.26	-0.33	0.75
Other Liab	-0.23	-0.2	-0.22	-0.27	-0.27	-0.26	-0.6	-0.21	-0.27	-0.23	-0.44	0.0	-0.42	-0.41	-0.2	-0.03	0.21	-0.02	-0.52	-0.37	-0.08	-0.21	-0.26		0.5	0.02
Accounts Payable	-0.35	-0.3	-0.36	-0.26	-0.44	-0.32	-0.36	-0.41	-0.22	0.28	0.16	0.0	-0.56	0.29	-0.38	-0.28	0.09	-0.41	-0.38	-0.13	-0.22	-0.36	-0.33	0.5		0.01
Long Term Debt	0.72	0.76	0.77	0.54	0.72	0.74	0.38	0.78	0.82	0.22	-0.18	0.59	0.59	-0.31	0.79	0.41	-0.68	0.72	0.6	-0.16	-0.16	0.78	0.75	0.02	0.01

Click cells to compare fundamentals

Old National Account Relationship Matchups

Old National fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	172.7M	166.2M	165.9M	276.7M	291.9M	306.4M
Total Assets	20.4B	23.0B	24.5B	46.8B	49.1B	51.5B
Short Long Term Debt Total	2.2B	2.3B	2.3B	4.8B	5.3B	5.6B
Other Current Liab	17.3B	17.0B	18.6B	35.6B	26.6B	27.9B
Total Current Liabilities	99.5M	86.6M	76.2M	212.0M	26.8B	28.2B
Total Stockholder Equity	2.9B	3.0B	3.0B	5.1B	5.6B	5.8B
Property Plant And Equipment Net	586.4M	540.6M	545.7M	747.0M	565.4M	593.7M
Net Debt	1.9B	1.7B	1.4B	4.1B	4.9B	5.1B
Retained Earnings	682.2M	783.9M	968.0M	1.2B	1.6B	1.7B
Cash	276.3M	589.7M	822.0M	728.4M	430.9M	308.8M
Non Current Assets Total	7.3B	7.8B	9.2B	2.9B	2.7B	3.3B
Non Currrent Assets Other	(29.7M)	(113.9M)	(32.9M)	(10.8B)	5.4B	5.7B
Other Assets	7.4B	8.5B	7.0B	43.0B	39.3B	41.2B
Cash And Short Term Investments	5.7B	6.6B	8.2B	1.0B	430.9M	409.3M
Net Receivables	85.1M	85.3M	84.1M	190.5M	219.1M	230.1M
Liabilities And Stockholders Equity	20.4B	23.0B	24.5B	46.8B	49.1B	51.5B
Non Current Liabilities Total	2.2B	2.3B	2.3B	41.4B	16.7B	17.5B
Other Stockholder Equity	(682.2M)	(783.9M)	(968.0M)	(1.4B)	(1.8B)	(1.8B)
Total Liab	2.2B	2.3B	2.3B	41.6B	43.5B	45.7B
Property Plant And Equipment Gross	586.4M	540.6M	545.7M	747.0M	778.1M	817.0M
Total Current Assets	5.7B	6.6B	8.3B	918.9M	7.1B	4.7B
Accumulated Other Comprehensive Income	56.2M	147.8M	(2.4M)	(786.4M)	(738.8M)	(701.9M)
Short Term Debt	99.5M	86.6M	76.2M	212.0M	285.6M	449.3M
Common Stock Total Equity	169.6M	165.4M	165.8M	292.9M	336.8M	353.7M
Common Stock	2.8B	2.8B	3.0B	5.9B	6.3B	6.6B
Other Liab	2.7M	14.7M	67.5M	97.5M	87.8M	95.9M
Accounts Payable	161.6M	187.4M	18.6B	835.7M	752.1M	714.5M
Long Term Debt	243.7M	252.8M	2.2B	743.0M	5.0B	5.3B
Short Term Investments	5.4B	6.0B	7.4B	6.8B	6.7B	7.0B
Inventory	(363.6M)	(676.3M)	(908.2M)	10.8M	9.8M	10.2M
Intangible Assets	25.4M	46.0M	34.7M	126.4M	102.3M	107.4M
Property Plant Equipment	490.9M	540.6M	545.7M	747.0M	859.1M	902.0M
Good Will	1.1B	1.1B	1.0B	2.0B	2.3B	2.4B
Other Current Assets	363.6M	676.3M	908.2M	(275.0M)	1.2B	1.1B
Net Tangible Assets	1.8B	1.9B	1.9B	2.8B	3.2B	3.3B
Retained Earnings Total Equity	682.2M	783.9M	968.0M	1.2B	1.4B	1.5B
Long Term Debt Total	243.7M	252.8M	296.7M	743.0M	668.7M	367.4M
Capital Surpluse	1.9B	1.9B	1.9B	4.2B	4.8B	5.0B
Long Term Investments	17.5B	6.0B	7.6B	11.9M	9.8B	9.9B

Old National Investors Sentiment

The influence of Old National's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Old. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Old National's public news can be used to forecast risks associated with an investment in Old. The trend in average sentiment can be used to explain how an investor holding Old can time the market purely based on public headlines and social activities around Old National Bancorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Old National's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Old National's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Old National's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Old National.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Old National in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Old National's short interest history, or implied volatility extrapolated from Old National options trading.

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When determining whether Old National Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Old National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Old National Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Old National Bancorp Stock:

How To Invest In Old

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Is Old Stock a good investment?

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What is Old National's Net Worth?

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Largest Banks - Regional Companies

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Largest Financial Services Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Old National's price analysis, check to measure Old National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old National is operating at the current time. Most of Old National's value examination focuses on studying past and present price action to predict the probability of Old National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old National's price. Additionally, you may evaluate how the addition of Old National to your portfolios can decrease your overall portfolio volatility.

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Is Old National's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old National. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.18)

Dividend Share

0.56

Earnings Share

1.85

Revenue Per Share

5.98

Quarterly Revenue Growth

(0.05)

The market value of Old National Bancorp is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old National's value that differs from its market value or its book value, called intrinsic value, which is Old National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old National's market value can be influenced by many factors that don't directly affect Old National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Old National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Old Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Old National fundamental ratios Correlations

Old National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Old National fundamental ratios Accounts

Old National Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Assets	+ 0.99	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Short Long Term Debt Total	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets

Other Stockholder Equity	- 0.86	Retained Earnings
Other Stockholder Equity	- 0.83	Total Stockholder Equity
Other Stockholder Equity	- 0.82	Total Assets
Common Stock	- 0.81	Other Stockholder Equity
Common Stock Total Equity	- 0.79	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.78	Other Stockholder Equity