Old National Q1 adj EPS $0.54; stable deposits, loan growth 2.2% QoQ; employees killed in Louisville

OLD NATIONAL BANCORP /IN/

2023-Q1 EPS reported $0.49

Five Old National employees killed in Louisville shooting on April 10; CEO thanks community and notes resilient team.
Net income applicable to common shares $142.6M ($0.49 diluted EPS); adjusted net income $159.1M ($0.54 diluted EPS).
Net interest margin (FTE) 3.69%, down 16 bps; net interest income $387.2M; deposit costs 72 bps, deposit beta 15%.
Period-end total deposits $34.9B (stable); total loans $31.8B, up 2.2% QoQ; commercial pipeline $5.4B.
Credit stable: net charge-offs 21 bps (5 bps ex-PCD); NPLs 0.74%; ACL 1.05%; ~70% deposits insured/collateralized.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLD NATIONAL BANCORP /IN/ reported first quarter of 2023 results: net income net income applicable to common shares of $142.6 million, EPS diluted EPS of $0.49.

Period: first quarter of 2023
Net income: net income applicable to common shares of $142.6 million
EPS: diluted EPS of $0.49
Result: reported results

Exact text from the filing

Old National Bancorp (NASDAQ: ONB) reports 1Q23 net income applicable to common shares of $142.6 million, diluted EPS of $0.49; $159.1 million and $0.54 on an adjusted 1 basis, respectively.

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Source: SEC EDGAR

accession 0001628280-23-012672

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