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Old National Bancorp Capital (ONB)
NASDAQ:ONB
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.45Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 2.49%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong deposit and loan growth, successful acquisitions, and robust financial metrics. However, challenges in loan growth due to payoffs and line utilization, potential impacts from interest rate changes, and leadership transitions posed concerns.Company Guidance
During the Old National Bank's Q4 2024 earnings call, the management provided optimistic guidance for 2025, highlighting several key metrics. The bank reported a 10% growth in both loans and core deposits in 2024, with a compounded annual growth rate of 8% for total deposits and loans since 2022. The total cost of deposits was noted at 1.93%, with an adjusted return on average tangible common equity of 16.9% and a net return on average assets of 1.14%. The adjusted efficiency ratio stood at 52%, and net charge-offs were low at 17 basis points. For 2025, the bank expects stable to improving net interest margins and plans for a 4%-6% loan growth, supported by strong deposit strategies. The CET1 ratio remained strong at 11.38%, and the bank anticipates exceeding industry growth in deposits while maintaining a disciplined expense approach. The management also mentioned the successful integration of CapStar Bank and the upcoming partnership with Bremer Bank, with a projected closing by mid-2025 and full realization of cost savings by 2026.Strong Deposit and Loan Growth
Low-cost core deposits grew by approximately 10% in 2024, funding a corresponding 10% growth in loans. Since 2022, total deposits and loans have experienced a compounded annual growth rate of 8%.
Successful Acquisition and Integration
Closed and converted CapStar Bank and Old National Bank, strengthening presence in Nashville and other high-growth eastern markets. Announced partnership with Bremer Bank, expanding footprint across Minnesota, North Carolina, and Wisconsin.
Robust Financial Metrics
Adjusted earnings per share of $1.86, adjusted return on average tangible common equity at 16.9%, and adjusted efficiency ratio at 52%. Tangible book value per share grew by 8% year-over-year.
Positive Operating Leverage
Generated positive linked quarter operating leverage with controlled expenses and peer-leading deposit growth at reasonable costs.
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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 |
|---|---|---|---|
| Jan 21, 2025 | $22.93 | $23.66 | +3.18% |
| 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% |
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 Capital (ONB) report earnings?
Old National Bancorp Capital (ONB) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Old National Bancorp Capital (ONB) earnings time?
Old National Bancorp Capital (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 2025 (Q1) is 0.43.
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