Old National Bancorp (ONB) Reports Q1 Earnings: What Key Metrics Have to Say

By Zacks Equity Research | April 22, 2025, 9:30 AM

Old National Bancorp (ONB) reported $486.8 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 10.6%. EPS of $0.45 for the same period compares to $0.45 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $478.3 million, representing a surprise of +1.78%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.42.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Old National Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Efficiency Ratio: 53.7% compared to the 54.9% average estimate based on three analysts.
  • Net interest margin (FTE): 3.3% versus the three-analyst average estimate of 3.3%.
  • Average Balance - Total earning assets: $48.08 billion versus the two-analyst average estimate of $48.47 billion.
  • Net charge-offs to average loans: 0.2% compared to the 0.3% average estimate based on two analysts.
  • Total noninterest income: $93.79 million versus the three-analyst average estimate of $88.16 million.
  • Net Interest Income (FTE): $393 million versus $390.14 million estimated by three analysts on average.
  • Service charges on deposit accounts: $21.16 million versus the two-analyst average estimate of $20.09 million.
  • Wealth and investment services fees: $29.65 million versus $30.16 million estimated by two analysts on average.
  • Mortgage banking revenue: $6.88 million compared to the $6.66 million average estimate based on two analysts.
View all Key Company Metrics for Old National Bancorp here>>>

Shares of Old National Bancorp have returned -10.7% over the past month versus the Zacks S&P 500 composite's -8.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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