• Old National Bancorp average gross margin for 2023 was 80.83%, a 14.76% decline from 2022.
• Old National Bancorp average gross margin for 2022 was 94.83%, a 0.29% decline from 2021.
• Old National Bancorp average gross margin for 2021 was 94.56%, a 5.27% increase 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.