ONB Earnings Prediction
The chart below shows how ONB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ONB sees a -2.53% change in stock price 10 days leading up to the earnings, and a +0.46% change 10 days following the report. On the earnings day itself, the stock moves by -0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
ONB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
442.12M
5.50%
1.19%
Gross Margin
--
--
--
Operating Margin
44.19%
-7.94%
8.10%
Net Margin
32.53%
-7.82%
17.23%
EPS
0.44
-10.20%
18.92%
No Data Available
ONB Earnings Analysis
Old National Bancorp Corporation (ONB.O) Earnings Conference Call
Positive
Earnings Performance Highlights: GAAP earnings of $0.44 per common share and adjusted EPS of $0.46, reflecting strong financial performance.
Strong Return Metrics: Adjusted ROATCE for the quarter was 16.8% and adjusted ROA was 1.13%, indicating robust return metrics.
Core Deposit Growth Surge: Core deposit growth was strong at 10.1% annualized, with non-interest bearing deposits increasing by nearly $100 million during the quarter.
Tangible Book Value Increase: Tangible common book value per share rose by 21% year over year and 8% from the prior quarter, demonstrating effective capital management.
Strong Non-Interest Income Performance: Adjusted non-interest income was $94 million for the quarter, exceeding expectations and driven by strong performance in primary fee businesses.
Negative
Loan Quality Deterioration: Non-performing loan ratio increased by 8 basis points, indicating a deterioration in loan quality due to poor borrowers in unrelated sectors.
Credit Risk Indicators: Total net charge-offs were reported at 19 basis points, with a low of 16 basis points excluding PCD loans, suggesting a potential rise in credit risk.
Credit Loss Allowance Increase: The allowance for credit losses to total loans increased to 112 basis points, up 4 basis points from the prior quarter, reflecting a more conservative risk posture amid rising interest rates.
Credit Management Caution: Provision expense was slightly higher than originally expected due to grade migration, indicating a cautious approach to credit management in a challenging economic environment.
Fee Income Decline: Fee income is expected to decline by $8 million in Q4 compared to Q3, driven by seasonality and lower mortgage production, suggesting potential revenue pressures.
ONB FAQs
How does ONB typically perform around its earnings report dates?
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ONB Earning Call Sentiment
Earnings call transcript: Old National Bancorp Q3 2024 exceeds expectations
ONB.O
-2.13%Positive
The earnings call reveals strong financial performance, with EPS, ROATCE, and ROA showing robust growth. Core deposit and loan growth are impressive, while cost management is effective. Despite some concerns about credit costs and non-accrual loans, the overall sentiment is positive, supported by stable NII and potential for future capital actions like buybacks. The Q&A highlights optimism in talent acquisition and managing non-accruals. The strategic focus on organic growth and disciplined client selection further supports a positive outlook for the stock price.
