NASDAQ$ONB
Old National Bancorp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported positive quarterly results driven by deposit growth, disciplined loan growth, tangible book value increase, and stable credit quality.
Old National Bancorp reported a solid first quarter in 2024, with net income applicable to common shares of $116.3 million and diluted EPS of $0.40. Adjusted net income was $130.8 million, with adjusted EPS of $0.45. The company saw growth in deposits and loans, and maintained strong credit quality.
- Net income applicable to common shares was $116.3 million, or $0.40 per diluted share.
- Net interest income was $362.7 million and net interest margin was 3.28%.
- Total deposits reached $37.7 billion, up 5.0% annualized, and total loans were $33.6 billion, up 7.5% annualized.
- The company completed its acquisition of CapStar Financial Holdings, Inc. on April 1, 2024.
Headline financials
Revenue & EPS history
Old National · Revenue · Quarterly
$434M
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
This communication contains certain forward-looking statements with the important disclaimer that actual results or outcomes could differ materially from those in such statements.
Tailwinds
- Descriptions of Old National’s financial condition
- Descriptions of Old National's results of operations
- Descriptions of Old National's asset and credit quality trends
- Descriptions of Old National's profitability
- Descriptions of Old National's business plans or opportunities
Headwinds
- Competition
- Government legislation, regulations and policies
- The ability of Old National to execute its business plan
- Unanticipated changes in our liquidity position
- Changes in economic conditions and economic and business uncertainty which could materially impact credit quality trends and the ability to generate loans and gather deposits
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 2024
-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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