Brief: Old National Bancorp Q2 EPS USD 0.34

Old National Bancorp

22/07/2025 12:01

Overview

Old National Bancorp Q2 adjusted EPS of $0.53, reflecting merger-related charges

Company's Q2 adjusted net income reaches $190.9 mln, driven by Bremer transaction

Period-end total deposits up $13.3 bln, loans up $11.5 bln, boosted by Bremer

Outlook

Old National expects stronger capital position post-Bremer partnership

Old National anticipates benefits from larger balance sheet for remainder of year

Result Drivers

BREMER PARTNERSHIP - Successful integration of Bremer partnership boosted deposits and loans

BALANCE SHEET GROWTH - Focus on growing balance sheet and expanding fee-based businesses contributed to results

EXPENSE MANAGEMENT - Disciplined expense management helped improve efficiency ratio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.34
Q2 Net Income
$121.38 mln
Q2 Net Interest Income
$514.79 mln
Q2 Credit Loss Provision
$106.84 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Old National Bancorp is $26.00, about 12.9% above its July 21 closing price of $22.65

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX4xhlrL

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)