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

Old National Bancorp

25/07/2023 14:31

* Old National Bancorp  ONB.OQ  reported quarterly adjusted
earnings of 54 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 50 cents per share.
    * Revenue rose 8.7% to $463.80 million from a year ago;
analysts
expected $447.85 million. 
    * Old National Bancorp's reported EPS for the quarter was 52
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Old National Bancorp shares had risen by 13.1% this
quarter and
lost 12.3% so far this year.
    * The company reported quarterly net income of $151 million.
    * Wall Street's median 12-month price target for Old
National
Bancorp is $16.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
25 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.50           0.54           Beat
 Mar. 31 2023      0.53           0.54           Beat
 Dec. 31 2022      0.57           0.56           Missed
 Sep. 30 2022      0.50           0.51           Beat