Old National Bancorp reports results for the quarter ended December 31 - Earnings Summary

Old National Bancorp

21/01/2025 13:01

* Old National Bancorp  ONB.OQ  reported quarterly adjusted
earnings of 49 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 46 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 46 cents per share. Wall
Street expected results to range from 44 cents to 49 cents per
share.
    * Revenue rose 5.5% to $489.95 million from a year ago;
analysts
expected $485.57 million. 
    * Old National Bancorp's reported EPS for the quarter was 47
cents​.
    * The company reported quarterly net income of $149.84
billion.
    * Old National Bancorp shares had risen by 5.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Old National
Bancorp is $27.00 
This summary was machine generated from LSEG data January 21 at
01:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.46           0.49           Beat
 Sep. 30 2024      0.46           0.46           Met
 Jun. 30 2024      0.44           0.46           Beat
 Mar. 31 2024      0.43           0.45           Beat