Old National Bancorp

Old National Bancorp operates as a financial holding company. It engages in the provision of financial and banking solutions. The firm's Community Banking segment provides commercial, real estate and consumer loans, time deposits, checking and savings accounts, cash management, brokerage, trust and investment advisory services. The company was founded in 1982 and is headquartered in Evansville, IN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Old National Bancorp reports strong Q4 earnings and growth strategies

Old National Bancorp's Q4 performance reflects strong earnings growth and operational efficiency, supported by stable credit conditions and improved capital ratios.
While facing challenges such as declining average deposits and an expected slowdown in pipeline growth, the company remains focused on maintaining financial strength.
Opportunities lie in expanding the loan portfolio, retaining deposits through special pricing, and pursuing strategic investments for future growth.
Overall, Old National Bancorp's cautious approach amidst economic uncertainties positions it well to navigate challenges and capitalize on growth opportunities.

Old National Bancorp posts strong Q1 earnings and growth outlook

Old National Bancorp (ONB) reported strong Q1 earnings with robust financial performance and stable deposit balances, reflecting efficient fund management.
Despite challenges such as a slight decline in net interest margin and the need for cost optimization, ONB's strong credit quality and liquidity provide a solid foundation for growth.
Opportunities lie in disciplined loan growth, anticipated net interest income expansion, and contractual accretion, positioning ONB for continued success in 2023.
Overall, ONB's performance, strengths, and proactive approach to challenges indicate a resilient financial institution with a focus on sustainable growth and profitability.

Old National Bancorp reports robust Q2 performance amidst challenges

Old National Bancorp's Q2 performance reflects strong profitability and stable credit quality, underpinned by disciplined growth strategies and expense management.
While facing challenges in optimizing revenue streams and addressing regulatory concerns, the company remains confident in its ability to navigate market dynamics.
Opportunities lie in anticipated loan growth, technological investments, and sustained focus on disciplined growth and expense management for future success.

Old National Bancorp reports strong Q3 performance and strategic focus

Old National Bancorp's Q3 performance reflects solid financial health, with strong EPS, deposit growth, and stable credit quality. The company's focus on expense management and strategic growth initiatives positions it well for future stability and profitability.
While facing challenges such as a decline in the loan pipeline, Old National Bancorp has opportunities to drive revenue growth through new lending opportunities and disciplined deposit pricing. Managing credit risk and balancing expenses with growth will be critical moving forward.
With a clear strategic focus on operational efficiency and sustainable growth, Old National Bancorp aims to navigate market challenges and capitalize on emerging opportunities to enhance shareholder value and drive long-term success.

Old National Bancorp posts record results, eyes growth through CapStar partnership

Old National Bancorp's Q4 2023 performance reflects resilience and strategic growth, supported by disciplined loan growth and strong credit quality.
The company's partnership with CapStar Bank signals a strategic move towards market expansion and revenue diversification, bolstering future growth prospects.
While facing challenges in revenue generation and expense management, Old National Bancorp remains well-positioned to leverage opportunities for growth and operational efficiency.

Old National Bancorp exceeds Q1 earnings estimates, eyes growth

Old National Bancorp (ONB) reported robust Q1 2024 earnings, demonstrating strong financial performance and strategic growth initiatives.
While facing challenges in leadership transitions and deposit cost management, ONB remains focused on sustainable growth and operational excellence.
Opportunities lie in market expansion, strategic partnerships, and prudent risk management, positioning ONB for continued success and value creation.

Old National Bancorp exceeds Q2 earnings, eyes disciplined growth

Old National Bancorp delivered a strong performance in Q2 2024, surpassing earnings expectations and showcasing financial stability post-CapStar integration.
While facing challenges in deposit costs and margin accretion, the bank's focus on disciplined growth and credit quality positions it well for future opportunities.
Management's strategic emphasis on organic growth and clean credit underscores a commitment to sustainable financial strength and value creation.

Old National Bancorp reports solid Q3 results amidst growth opportunities

Old National Bancorp's Q3 performance showcased strength in organic growth and prudent financial management.
While facing challenges in credit metrics, the company's focus on efficiency and growth strategies bodes well for the future.
Opportunities in M&A, fee income, and capital management could drive further value creation for investors.
Investors should monitor credit quality closely while considering the company's solid performance and growth prospects.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Old National Bancorp (NASDAQ:ONB ) Q2 2023 Earnings Call Transcript July 25, 2023 10:00 AM ET Company Participants Jim Ryan - Chief Executive Officer Brendon Falconer - Chief Financial Officer Mark Sander - President and Chief Operating Officer Conference Call Participants Ben Gerlinger - Hovde Group Scott Siefers - Piper Sandler David Long - Raymond James Chris McGratty - KBW Terry McEvoy - Stephens Brody Preston - UBS Jon Arfstrom - RBC Capital Markets Operator Welcome to the Old National Bancorp Second Quarter 2023 Earnings Conference Call. This call is being recorded and has been accessible to the public in accordance with the SEC's Regulation FD.

Old National Bancorp (ONB) Q2 2023 Earnings Call Transcript

Old National Bancorp (ONB) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.46 per share a year ago.

Old National Bancorp (ONB) Q2 Earnings and Revenues Beat Estimates

Although the revenue and EPS for Old National Bancorp (ONB) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Old National Bancorp (ONB) Reports Q2 Earnings: What Key Metrics Have to Say

EVANSVILLE, Ind., July 25, 2023 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) reports 2Q23 net income applicable to common shares of $151.0 million, diluted EPS of $0.52; $156.3 million and $0.54 on an adjusted1 basis, respectively.

Old National's 2nd Quarter Results Supported by Strong Deposit Franchise, Ample Capital, Stable Credit and Expense Discipline

Old National Bancorp (ONB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Old National Bancorp (ONB) Reports Next Week: Wall Street Expects Earnings Growth

EVANSVILLE, Ind., July 14, 2023 (GLOBE NEWSWIRE) -- ( NASDAQ: ONB) – Old National Bank (Old National) was recognized as a top scorer and a “Best Place to Work for Disability Inclusion” in the 2023 Disability Equality Index (DEI), a joint initiative with the American Association of People with Disabilities. The DEI is a comprehensive benchmarking tool that helps companies build a roadmap of measurable, tangible actions toward disability inclusion and equality.

Old National Named Among Best Places to Work for Disability Inclusion in 2023

NASHVILLE, Tenn., July 06, 2023 (GLOBE NEWSWIRE) -- ( NASDAQ: ONB) – Old National Bank is expanding its commitment to Nashville through the addition of two prominent commercial bankers with extensive market experience.

Old National Bank Opens Commercial Office in Nashville

DETROIT, June 29, 2023 (GLOBE NEWSWIRE) -- ( NASDAQ: ONB) – Old National Bank celebrated the opening of its first Metro Detroit-area commercial banking office in June with a launch event at the Detroit Athletic Center. The event introduced the Metro Detroit team, as well as the ONB executive leadership team, to clients attending from in and outside of Detroit.

Old National Bank Launches in Metro Detroit Market

EVANSVILLE, Ind., June 29, 2023 (GLOBE NEWSWIRE) -- ( NASDAQ: ONB) – Old National Bancorp, the holding company of Old National Bank, today announced the following schedule for its second-quarter 2023 earnings release and conference call:

Old National Bancorp Announces Schedule for Second-Quarter 2023 Earnings and Conference Call

Business operations, retail banking center to move to 400 West Market Street Business operations, retail banking center to move to 400 West Market Street

Old National Announces Downtown Louisville Relocation

98 nonprofit organizations in Illinois, Northwest Indiana, Iowa, and Southeast Wisconsin communities each receive $5,000. 98 nonprofit organizations in Illinois, Northwest Indiana, Iowa, and Southeast Wisconsin communities each receive $5,000.

Old National Bank donates $500,000 in Choose Your Charity giveaway

Although the revenue and EPS for Old National Bancorp (ONB) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Old National Bancorp (ONB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Old National Bancorp (ONB) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.40 per share a year ago.

Old National Bancorp (ONB) Tops Q1 Earnings Estimates

EVANSVILLE, Ind., April 25, 2023 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) reports 1Q23 net income applicable to common shares of $142.6 million, diluted EPS of $0.49; $159.1 million and $0.54 on an adjusted 1 basis, respectively.

Old National's 1st Quarter Results Supported by Strong Deposit Franchise, Ample Liquidity, Stable Credit and Expense Discipline

LOUISVILLE, Ky., April 24, 2023 (GLOBE NEWSWIRE) -- Today, Old National announced $1 million in total donations in response to the tragic April 10 event at its downtown Louisville location. $600,000 of the total will go to provide additional support and care for those impacted while the remaining gifts demonstrate Old National's immense gratitude to the entire community and particularly to the many heroes who emerged.

Old National announces $1 million in donations following Louisville tragedy

Old National Bancorp (ONB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

EVANSVILLE, Ind., April 10, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) Updated statement for media regarding today's Louisville tragedy: “There are no words to adequately describe the sadness and devastation that our Old National family is experiencing as we grieve the tragic loss of our team members and pray for the recovery of all those who were injured,” said ONB CEO Jim Ryan.

Statement Regarding Tragedy in Louisville, Kentucky

EVANSVILLE, Ind., April 05, 2023 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, today announced the following schedule for its first-quarter 2023 earnings release and conference call:

Old National Bancorp Announces Schedule for First-Quarter 2023 Earnings Release and Conference Call

EVANSVILLE, Ind., April 03, 2023 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National” or the “Company”) today released its 2022 Environmental, Social and Governance (ESG) Report, which focuses on a wide range of topics, including governance and ethics; client service; team member engagement; diversity, equity and inclusion; community engagement; and sustainability.

Old National Releases 2022 ESG Report, Highlighting Commitment to Clients, Community and Team Members

EVANSVILLE, Ind., March 27, 2023 (GLOBE NEWSWIRE) -- Old National Bancorp was ranked 6th in financial performance out of all U.S. public banks with greater than $10 billion in total assets by S&P Global Market Intelligence. On March 21, S&P Global released its annual rankings for 2022's best-performing community banks, credit unions and U.S. public banks.

Old National ranked 6th in financial performance of U.S. public banks by S&P Global Market Intelligence

First Republic

Ally Financial

BankUnited

Citigroup

Capital One

Customers Bancorp

PacWest Bancorp

Texas Capital Bancshares

Western Alliance Bancorporation

No investor is surprised that the banking crisis has sent industry stocks tumbling, but following a two-day rally, it is time to take a closer look at bank valuations to consider which stocks may soar from here.

10 bank stocks that look cheap based on this valuation method — First Republic heads the list

CHICAGO, March 13, 2023 (GLOBE NEWSWIRE) -- Today Old National Bank launched its Choose Your Charity campaign, which gives participating communities the opportunity to award local nonprofits with as much as $15,000. Voters in Illinois, Iowa, Northwest Indiana and Southeast Wisconsin will have the opportunity to choose a 501(c)3 organization to share in $500,000 of available funds provided by the bank.

Old National Bank Commits $500,000 to Nonprofits Chosen by the Community

Apollo Global Management

Comerica

JPMorgan Chase & Co

KeyCorp

PNC Financial Services

Regions Financial

Signature Bank

South State

U.S. Bancorp

Wells Fargo

With the demise of Silicon Valley Bank and Signature Bank and Monday's sharp drop in shares of First Republic Bank, analysts are reshuffling their ratings on bank stocks.

Bank analysts reshuffle ratings in response to seismic shifts in industry

EVANSVILLE, Ind., March 09, 2023 (GLOBE NEWSWIRE) -- In order to expand credit to underserved communities and address systemic inequities in capital access, Old National Bank has created a new Empowerment Small Business Loan Program. Designed for businesses with revenues of less than $25 million and more than 50 percent minority and/or women ownership, the program empowers Old National's lending team to evaluate certain business loan requests outside the traditional decisioning model, which relies heavily on credit scores.

Old National introduces Empowerment Small Business Loan Program to address systemic inequities in capital access

EVANSVILLE, Ind., March 09, 2023 (GLOBE NEWSWIRE) -- Old National is expanding into the Metro Detroit market. Old National has secured office space in the Liberty Center building in Troy, Mich., which will house the Metro Detroit commercial banking team.

News for Old National Bancorp Stock (ONB)