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

Old National Bancorp

23/01/2024 14:31

* Old National Bancorp  ONB.OQ  reported quarterly adjusted
earnings of 46 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 56 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 46 cents to 49
cents per share.
    * Revenue fell 16.5% to $464.50 million from a year ago;
analysts
expected $449.00 million. 
    * Old National Bancorp's reported EPS for the quarter was 44
cents​.
    * The company reported quarterly net income of $128.45
million.
    * Old National Bancorp shares had risen by 0.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Old
National
Bancorp is $20.00 

This summary was machine generated from LSEG data January 23 at
02:31 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 2023      0.48           0.46           Missed
 Sep. 30 2023      0.50           0.51           Beat
 Jun. 30 2023      0.50           0.54           Beat
 Mar. 31 2023      0.53           0.54           Beat