Old National Q4 2023 Earnings Report

Old National's Q4 2023 earnings were supported by a strong deposit franchise, stable credit quality, and well-managed expenses.

Key Takeaways

Old National Bancorp reported a net income applicable to common shares of $128.4 million and diluted EPS of $0.44 for Q4 2023. Adjusted figures were $134.6 million and $0.46, respectively. The results reflect a strong deposit franchise, disciplined loan growth, and well-managed expenses.

Net income applicable to common shares was $128.4 million, with an adjusted net income of $134.6 million.

Earnings per diluted common share (EPS) reached $0.44, with an adjusted EPS of $0.46.

Net interest income on a fully taxable equivalent basis was $370.5 million.

Period-end total deposits amounted to $37.2 billion, consistent with the previous quarter, and core deposits increased by 0.4%.