Old National Q1 2024 Earnings Report
Key Takeaways
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.
Old National
Old National
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.
Positive Outlook
- 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
Challenges Ahead
- 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