Old National Bancorp Q3 net income rises helped by Bremer Partnership

Old National Bancorp

22/10/2025 12:16

Overview

Old National Q3 adjusted EPS at $0.59, reflecting strong operational performance

Net interest income rises to $574.6 mln, driven by Bremer partnership

Core deposits grow 5.8% annualized, indicating strong liquidity

Outlook

Company did not provide specific financial guidance for future quarters in its press release

Result Drivers

BREMER PARTNERSHIP - Partnership with Bremer Bank significantly boosted net interest income and noninterest income

CORE DEPOSITS GROWTH - Core deposits increased 5.8% annualized, driven by growth from existing and new commercial clients

COMMERCIAL LOAN PRODUCTION - Strong commercial loan production contributed to loan growth, offset by proactive portfolio actions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
$0.59
Q3 EPS
$0.46
Q3 Net Income
$178.53 mln
Q3 Net Interest Income
$574.6 mln
Q3 Credit Loss Provision
$26.73 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "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 $26.50, about 22% above its October 21 closing price of $20.68

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNXYVVGr

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(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.)