Welcome to our dedicated page for Old Natl Bancorp Ind news (Ticker: ONB), a resource for investors and traders seeking the latest updates and insights on Old Natl Bancorp Ind stock.
Old National Bancorp (NASDAQ: ONB) delivers community-focused banking services across the Midwest through its 180+ year legacy. This page provides investors and stakeholders with centralized access to official press releases, financial disclosures, and strategic developments.
Track earnings announcements, acquisition updates, and leadership changes alongside operational milestones like digital transformation initiatives and community partnership programs. Our curated feed ensures timely access to material information affecting ONB's market position and regional banking services.
Key updates include quarterly financial results, regulatory filings, merger activities, and technology investments that enhance client experiences in retail/commercial banking and wealth management. Bookmark this page for efficient monitoring of ONB's evolving strategies within Indiana, Illinois, Kentucky, and Michigan markets.
Old National Bancorp (NASDAQ: ONB) reported a strong first quarter of 2023, with net income of $142.6 million and diluted EPS of $0.49, increasing to $159.1 million and $0.54 on an adjusted basis. The company noted stability in its low-cost deposit franchise, which totaled $34.9 billion. Despite a decrease in net interest income to $387.2 million, the net interest margin remained robust at 3.69%. Total loans increased 2.2% to $31.8 billion, showing disciplined growth, particularly in commercial loans. The efficiency ratio improved to 52.8%, reflecting effective expense management. However, the company faced challenges with higher funding costs and increased noninterest expense, which reached $250.7 million, influenced by merger-related charges. Overall, Old National remains well-positioned for future challenges due to its strong liquidity and capital ratios.
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