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Jun 30, 2023
Old National Q2 2023 Earnings Report
Old National's second quarter results were supported by a strong deposit franchise, ample capital, stable credit, and expense discipline.
Key Takeaways
Old National Bancorp reported a solid second quarter in 2023, marked by a nearly 4% quarterly increase in total deposits, strong capital levels, disciplined expense management, and robust credit metrics. Net income applicable to common shares was $151.0 million, with a diluted EPS of $0.52, or $0.54 on an adjusted basis.
Net income applicable to common shares was $151.0 million; adjusted net income applicable to common shares was $156.3 million.
Earnings per diluted common share (EPS) was $0.52; adjusted EPS was $0.54.
Period-end total deposits reached $36.2 billion, reflecting a 3.8% increase; core deposits increased by 2.4%.
End-of-period total loans amounted to $32.5 billion, up by 2.2%.
Revenue by Segment
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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