Brief: Old National Reports 43% EPS Growth From 3Q22, 10% On An Adjusted Basis¹, Driven By Commercial Loan Growth, Net Interest Margin Expansion And Expense Discipline

Old National Bancorp

24/01/2023 13:18

Jan 24 (Reuters) - Old National Bancorp  ONB.O :
    * OLD NATIONAL REPORTS 43% EPS GROWTH FROM 3Q22, 10% ON AN
ADJUSTED BASIS¹, DRIVEN BY COMMERCIAL LOAN GROWTH, NET INTEREST
MARGIN EXPANSION AND EXPENSE DISCIPLINE
    * 4Q22 DILUTED EPS OF $0.67
    * 4Q22 EPS $0.56 ON AN ADJUSTED BASIS
    * Q4 NET INTEREST INCOME ON A FULLY TAXABLE EQUIVALENT BASIS
OF
$396.5 MILLION
    * PROVISION5 EXPENSE IN Q4 OF 2022 WAS $11.4 MILLION,
COMPARED TO
$15.5 MILLION IN Q3 OF 2022
    * Q4 EARNINGS PER SHARE VIEW $0.57, REVENUE VIEW $487.5
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX7pZCfG 
Further company coverage:  ONB.O 
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