Old Tax Provision from 2010 to 2024

ONB Stock  USD 23.16  0.02  0.09%   
Old National's Tax Provision is increasing over the years with slightly volatile fluctuation. Overall, Tax Provision is expected to go to about 204.1 M this year. Tax Provision is the amount set aside by Old National Bancorp to cover any estimated taxes for the current period. It reflects Old National's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2018-03-31
Previous Quarter
35.2 M
Current Value
41.3 M
Quarterly Volatility
17.3 M
 
Covid
Check Old National financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Old National's main balance sheet or income statement drivers, such as Interest Expense of 738.9 M, Other Operating Expenses of 1.1 B or Operating Income of 788.9 M, as well as many indicators such as Price To Sales Ratio of 3.86, Dividend Yield of 0.0242 or PTB Ratio of 0.84. Old financial statements analysis is a perfect complement when working with Old National Valuation or Volatility modules.
  
Check out the analysis of Old National Correlation against competitors.

Latest Old National's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Old National Bancorp over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Old National's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Old National's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

Old Tax Provision Regression Statistics

Arithmetic Mean70,150,357
Geometric Mean55,375,474
Coefficient Of Variation81.74
Mean Deviation40,981,190
Median46,177,000
Standard Deviation57,342,044
Sample Variance3288.1T
Range186.3M
R-Value0.70
Mean Square Error1800.9T
R-Squared0.49
Significance0
Slope8,988,487
Total Sum of Squares46033.5T

Old Tax Provision History

2024204.1 M
2023194.4 M
2022116.4 M
202161.3 M
202029.1 M
201952.1 M
201817.9 M

About Old National Financial Statements

Old National stakeholders use historical fundamental indicators, such as Old National's Tax Provision, to determine how well the company is positioned to perform in the future. Although Old National investors may analyze each financial statement separately, they are all interrelated. For example, changes in Old National's assets and liabilities are reflected in the revenues and expenses on Old National's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Old National Bancorp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tax Provision194.4 M204.1 M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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:
Check out the analysis of Old National Correlation against competitors.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Regional Banks space 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
(0.10)
Dividend Share
0.56
Earnings Share
1.65
Revenue Per Share
5.767
Quarterly Revenue Growth
0.046
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.