• Old National Bancorp average gross margin for 2023 was 76.79%, a 18.9% decline from 2022.
• Old National Bancorp average gross margin for 2022 was 94.69%, a 0.17% decline from 2021.
• Old National Bancorp average gross margin for 2021 was 94.85%, a 4.06% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.