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home / news releases / ONB - Old National Bancorp: Net Interest Income May Have Bottomed Out

ONB - Old National Bancorp: Net Interest Income May Have Bottomed Out

Old National Bancorp

2024-04-25 11:21:44 ET

Summary

  • Old National's quarterly report shows positive results with EPS beating expectations and competitive advantage on deposits.
  • Total loans have increased, particularly in the C&I loans segment, which is expected to drive growth in the coming years.
  • The bank's securities portfolio has unrealized losses, but reinvestments in high-quality bonds could boost net interest income/margin.

Old National's ( ONB ) Q1 2024 results were recently released:

  • Non-GAAP EPS of $0.45 beat by $0.02.
  • Revenue of $433.98M (-4.0% Y/Y) misses by $6.02M.

For further details see:

Old National Bancorp: Net Interest Income May Have Bottomed Out
Stock Information
Company Name: Old National Bancorp
Stock Symbol: ONB
Market: NASDAQ
Website: oldnational.com
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