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H.S. freshman Bad
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New words:
addressed, advance, advisory, checking, correlation, elevated, exclusion, EXHIBITSExhibit, fractional, greater, John, legacy, lieu, master, merit, military, Moran, multifamily, multiplying, notable, payroll, pension, percent, pertain, pertaining, pretax, professional, reconciling, reset, Select, setoff, slightly, Tennessee, top, unearned
Removed:
accelerate, acquirer, acting, administering, alternatively, amortize, announcing, attract, borrowed, Brendon, building, closed, combine, conflict, conservative, consistent, continuation, conversion, custodian, digital, diversity, escrow, expand, expensed, Falconer, fiduciary, finalized, fit, funded, group, health, inconsistency, indemnified, insufficient, introduce, labor, layer, leasehold, life, LLC, metric, Midwestern, MN, offering, organization, platform, prospective, prospectively, publicly, reclassification, reduce, rehabilitation, release, removing, repay, requiring, resulted, retail, scale, seasonal, September, served, servicing, settle, speed, TDR, technology, traded, tranche, transferable, troubled, Ukraine, UMB, unrestricted, validated, vintage, warrant, weather
Financial report summary
?Risks
- Economic conditions have affected and could continue to adversely affect our revenues and profits.
- Changes in economic or political conditions have adversely affected, and may continue to adversely affect, Old National’s earnings, if the ability of Old National’s borrowers to repay loans, or the value of the collateral securing such loans, declines.
- Old National’s regional concentrations expose it to adverse economic conditions in the locations in which Old National operates.
- Mergers and acquisitions may not produce revenue enhancements or cost savings at levels or within timeframes originally anticipated and may result in unforeseen integration difficulties and dilution to existing shareholder value.
- Mergers and acquisitions may be delayed, impeded, or prohibited due to regulatory issues.
- Our accounting estimates and risk management processes rely on analytical and forecasting models.
- Old National operates in an extremely competitive market, and Old National’s business will suffer if Old National is unable to compete effectively.
- Our business could suffer if we fail to attract and retain skilled people.
- We may not be able to pay dividends in the future in accordance with past practice.
- Old National may not realize the expected benefits of its strategic imperatives.
- Climate change could have a material negative impact on the Company and clients.
- Old National is exposed to reputational risk.
- If Old National’s actual credit losses for loans or debt securities exceed Old National’s allowance for credit losses on loans and debt securities, Old National’s net income will decrease. Also, future additions to Old National’s allowance for credit losses will reduce Old National’s future earnings.
- Old National’s loan portfolio includes loans with a higher risk of loss.
- If Old National forecloses on real property collateral, Old National may be subject to the increased costs associated with the ownership of real property, resulting in reduced revenues.
- The soundness of other financial institutions could adversely affect Old National.
- The price of Old National’s Common Stock may be volatile, which may result in losses for investors.
- Changes in interest rates could adversely affect Old National’s results of operations and financial condition. The monetary, tax and other policies of governmental agencies, including the Federal Reserve, have a significant impact on interest rates and overall financial market performance over which the Company has no control and which the Company may not be able to anticipate adequately.
- The Company must maintain adequate sources of funding and liquidity.
- If the Company is unable to maintain or grow its deposits, it may be subject to paying higher funding costs.
- Our wholesale funding sources may prove insufficient to replace deposits or support our future growth.
- Old National relies on dividends from Old National Bank for its liquidity.
- A reduction in our credit rating could adversely affect our business and/or the holders of our securities.
- Unrealized losses in our securities portfolio could affect liquidity.
- A failure or breach, including cyber-attacks, of our operational or security systems could disrupt our business, result in the disclosure of confidential information, damage our reputation, and create significant financial and legal exposure.
- Old National is subject to laws and regulations relating to the privacy of the information of clients, employees or others, and any failure to comply with these laws and regulations could expose the Company to liability and/or reputational damage.
- We rely on third party vendors, which could expose Old National to additional cybersecurity and operational risks.
- Failure to keep pace with technological change could adversely affect Old National’s results of operations and financial condition.
- Changes in consumer use of banks and changes in consumer spending and savings habits could adversely affect Old National’s financial results.
- Old National’s controls and procedures may fail or be circumvented, and Old National’s methods of reducing risk exposure may not be effective.
- Pandemics, acts of war or terrorism, and other adverse external events could significantly affect Old National’s business.
- Old National is subject to environmental liability risk associated with lending activities.
- Old National’s reported financial condition and results of operations depend on management’s selection of accounting methods and require management to make estimates about matters that are uncertain.
- Old National operates in a highly regulated environment, and changes in laws and regulations to which Old National is subject may adversely affect Old National’s results of operations.
- Fee revenues from overdraft protection programs may be subject to increased supervisory scrutiny.
- We may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations.
- We have risk related to legal proceedings.
- Changes in accounting policies, standards, and interpretations could materially affect how Old National reports its financial condition and results of operations.
- If Old National fails to meet regulatory capital requirements, which may require heightened capital levels, we may be forced to raise capital or sell assets.
- Old National could be subject to adverse changes or interpretations of tax laws, tax audits, or challenges to our tax positions.
- Our earnings could be adversely impacted by incidences of fraud and compliance failure.
Management Discussion
- (1)Represents a non-GAAP financial measure. Refer to “Non-GAAP Financial Measures” section for reconciliations to GAAP financial measures.