Old National Bancorp reports results for the quarter ended in September 30 - Earnings Summary

Old National Bancorp

22/10/2024 14:38

* Old National Bancorp  ONB.OQ  reported quarterly adjusted
earnings of 46 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 51 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 45 cents to 47 cents per
share.
    * Revenue rose 6.5% to $485.86 million from a year ago;
analysts
expected $482.16 million. 
    * Old National Bancorp's reported EPS for the quarter was 44
cents​.
    * The company reported quarterly net income of $139.77
million.
    * Old National Bancorp shares had risen by 1.1% this
quarter and
gained 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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," 3
"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 23.00 
This summary was machine generated from LSEG data October 22 at
01:38 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
 Sep. 30 2024      0.46           0.46           Met
 Jun. 30 2024      0.44           0.46           Beat
 Mar. 31 2024      0.43           0.45           Beat
 Dec. 31 2023      0.48           0.46           Missed