NASDAQ$ONB
Old National Bancorp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Old National's first quarter results were supported by a strong deposit franchise, ample liquidity, stable credit, and expense discipline.
Old National Bancorp reported a positive first quarter with net income applicable to common shares of $142.6 million, and diluted EPS of $0.49. Adjusted net income was $159.1 million, or $0.54 per diluted common share. The results reflect the stability of Old National's low-cost deposit franchise, the strength of its loan portfolio and revenue streams, excellent expense discipline, stable credit, and ample liquidity.
- Net income applicable to common shares of $142.6 million; adjusted net income applicable to common shares of $159.1 million.
- Earnings per diluted common share (EPS) of $0.49; adjusted EPS of $0.54.
- Net interest income on a fully taxable equivalent basis of $387.2 million.
- Net interest margin on a fully taxable equivalent basis (NIM) of 3.69%, down 16 basis points (bps).
Headline financials
Revenue & EPS history
Old National · Revenue · Quarterly
$452M
Revenue by segment
Old National · $54.5M total across 6 segments · Q3 2023
- Deposit account fees$18.5M-7.6%34.0%
- Debit & ATM fees$10.8M+2.0%19.9%
- Other income$10.5M+51.1%19.2%
- Capital markets$5.89M-33.9%10.8%
- Mortgage banking$5.06M-5.5%9.3%
- Life insurance income$3.74M+11.3%6.9%
Forward guidance
Old National finds itself exceptionally well-positioned for whatever headwinds may lie ahead due to its stable low-cost deposit franchise, the strength of its loan portfolio and revenue streams, excellent expense discipline, stable credit and ample liquidity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+2.6%
Avg return
30 days after
54%
37 / 69 earnings
Positive
+10.8%
Q2 2020
Best reaction
-8.0%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | -0.1% | +0.6% | |
| Q4 2025 | +4.9% | +3.4% | +10.0% | |
| Q3 2025 | +0.4% | +0.5% | +2.0% | |
| Q2 2025 | -1.0% | -1.3% | +3.8% | |
| Q1 2025 | +3.8% | +8.5% | +8.1% | |
| Q4 2024 | +2.2% | +0.6% | +4.5% | |
| Q3 2024 | +0.2% | -0.8% | +12.1% | |
| Q2 2024 | +0.5% | +2.3% | -5.5% | |
| Q1 2024 | +0.8% | +0.7% | +1.6% | |
| Q4 2023 | -0.4% | +1.2% | -1.9% | |
| Q3 2023 | -3.8% | -1.9% | +5.6% | |
| Q2 2023 | +9.4% | +7.9% | -2.5% | |
| Q1 2023 | +0.9% | -0.7% | -5.6% | |
| Q4 2022 | -6.4% | -6.0% | -0.9% | |
| Q3 2022 | +4.0% | +5.7% | +2.8% | |
| Q2 2022 | +4.7% | +7.3% | +7.8% | |
| Q1 2022 | -1.0% | -1.6% | +3.0% | |
| Q4 2021 | -3.7% | -6.9% | -12.0% | |
| Q3 2021 | +3.9% | +3.9% | +7.0% | |
| Q2 2021 | +1.1% | -0.4% | +1.2% | |
| Q1 2021 | -3.0% | +0.4% | +0.8% | |
| Q4 2020 | +1.0% | +1.3% | -0.4% | |
| Q3 2020 | +3.5% | +7.0% | +18.7% | |
| Q2 2020 | +10.8% | +7.8% | +8.9% | |
| Q1 2020 | -1.0% | -0.9% | -2.4% | |
| Q4 2019 | -2.5% | -1.7% | -1.5% | |
| Q3 2019 | +4.0% | +5.4% | +5.9% | |
| Q2 2019 | +3.2% | +5.4% | +1.3% | |
| Q1 2019 | +0.6% | +0.9% | -1.4% | |
| Q4 2018 | -3.7% | -0.8% | +6.3% | |
| Q3 2018 | -6.5% | -9.3% | -3.0% | |
| Q2 2018 | +3.9% | +1.5% | +5.2% | |
| Q1 2018 | +7.4% | +4.2% | +7.4% | |
| Q4 2017 | -3.5% | -5.2% | -5.7% | |
| Q3 2017 | +1.1% | +0.8% | -5.1% | |
| Q2 2017 | -2.1% | -3.3% | -2.1% | |
| Q1 2017 | -1.4% | -3.7% | -6.6% | |
| Q4 2016 | +3.2% | +2.3% | +8.0% | |
| Q3 2016 | +0.5% | -0.2% | +18.6% | |
| Q2 2016 | -0.1% | +4.2% | +7.6% | |
| Q1 2016 | -4.6% | — | — | |
| Q4 2015 | -8.0% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | -4.7% | — | — | |
| Q4 2014 | +0.4% | — | — | |
| Q3 2014 | +8.2% | — | — | |
| Q2 2014 | -2.1% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | -3.9% | — | — | |
| Q3 2013 | -2.6% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | -5.1% | — | — | |
| Q4 2012 | +3.7% | — | — | |
| Q3 2012 | -7.2% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2012 | +0.5% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | -3.1% | — | — | |
| Q4 2009 | -4.7% | — | — | |
| Q2 2011 | -4.7% | — | — | |
| Q4 2010 | -4.7% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q4 2008 | +1.0% | — | — | |
| Q3 2009 | +2.0% | — | — | |
| Q3 2010 | +2.0% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q2 2009 | +1.3% | — | — |
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