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Old National Bancorp (ONB)
:ONB
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.46Last Year’s EPS
0.46Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 22.23%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong deposit growth, increased tangible book value, and controlled expenses. However, there were concerns about rising nonperforming loans and increased competitive pressures.Company Guidance
During the Old National Bancorp (ONB) Q3 2024 earnings call, management provided comprehensive guidance highlighting several key metrics. The company reported GAAP earnings of $0.44 per share and adjusted EPS of $0.46, with an adjusted ROA TCE of 16.8% and an adjusted efficiency ratio of 51.2%. Core deposits grew at an annualized rate of 10.1%, with noninterest-bearing deposits increasing by nearly $100 million. The total cost of deposits remained low at 225 basis points. Commercial loans saw a 4.1% annualized increase, while tangible common book value per share rose 8% from the prior quarter and 21% year-over-year. The CET1 ratio was strong at 11%, and the allowance for credit losses to total loans was 112 basis points. The company anticipates modest growth in net interest income for Q4 2024 despite expecting two 25-basis-point rate cuts by the Fed, with a declining total deposit beta of approximately 30%. The focus remains on executing strategic priorities, including driving organic deposit growth, maintaining top-quartile adjusted return profiles, and managing expenses to sustain positive operating leverage.Strong Organic Deposit Growth
Core deposit growth was strong at 10.1% annualized, with noninterest-bearing deposits growing nearly $100 million during the quarter.
Tangible Book Value Increase
Tangible common book value per share increased 8% since the second quarter of 2024 and 21% year-over-year.
Capital and Liquidity Improvement
Grew tangible book value per share by 21% over the last year, ending the quarter with a CET1 ratio of 11%.
Positive Fee Income Performance
Adjusted noninterest income was $94 million for the quarter, exceeding expectations, with strong performance in bank fees, mortgage, and capital markets.
Controlled Noninterest Expenses
Adjusted noninterest expenses were well-controlled at $263 million, generating positive linked-quarter operating leverage.
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ONB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ONB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $18.76 | $18.76 | 0.00% |
| Jul 23, 2024 | $19.50 | $19.92 | +2.15% |
| Apr 23, 2024 | $16.10 | $16.11 | +0.06% |
| Jan 23, 2024 | $16.45 | $16.22 | -1.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Old National Bancorp (ONB) report earnings?
Old National Bancorp (ONB) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Old National Bancorp (ONB) earnings time?
Old National Bancorp (ONB) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONB EPS forecast?
ONB EPS forecast for the fiscal quarter 2024 (Q4) is 0.46.
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