• Old National Bancorp average debt/equity ratio for 2023 was 1.02, a 30.77% decline from 2022.
• Old National Bancorp average debt/equity ratio for 2022 was 0.78, a 8.33% increase from 2021.
• Old National Bancorp average debt/equity ratio for 2021 was 0.72, a 10% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.