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.
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Old National Bancorp: Net Interest Income May Have Bottomed Out