Old National Q2 2024 Earnings Report
Key Takeaways
Old National Bancorp reported a strong second quarter in 2024, with net income applicable to common shares of $117.2 million and diluted EPS of $0.37. Adjusted figures were even higher, with net income at $144.1 million and EPS at $0.46. The quarter was marked by better-than-expected revenue growth and lower expenses, along with the successful closing of the CapStar Bank partnership.
Net income applicable to common shares was $117.2 million, with adjusted net income at $144.1 million.
Earnings per diluted common share (EPS) reached $0.37, with adjusted EPS at $0.46.
Net interest income on a fully taxable equivalent basis totaled $394.8 million.
Period-end total deposits amounted to $40.0 billion, up $2.3 billion, while total loans reached $36.2 billion, up $2.6 billion.
Old National
Old National
Forward Guidance
This communication contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically identified as such.
Positive Outlook
- descriptions of Old National’s financial condition
- results of operations
- asset and credit quality trends
- profitability
- 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, including but not limited to changes in our access to sources of liquidity and capital to address our liquidity needs
- 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