• Old National Bancorp average return on tangible equity for 2023 was 19.35, a 72.92% decline from 2022.
• Old National Bancorp average return on tangible equity for 2022 was 11.19, a 26.09% increase from 2021.
• Old National Bancorp average return on tangible equity for 2021 was 15.14, a 28.74% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.