earnings
confidence high
sentiment neutral
materiality 0.70
Old National Q3 2023 EPS $0.49, adjusted $0.51; deposits up 2.8%
OLD NATIONAL BANCORP /IN/
2023-Q3 EPS reported
$1.50
- Net income applicable to common shares $143.8M; diluted EPS $0.49; adjusted net income $149.3M, adjusted EPS $0.51.
- Period-end total deposits $37.3B, up 2.8%; core deposits up 3.1%; total deposit cost 1.61% (up 46 bps).
- Net interest margin (FTE) 3.49%, down 11 bps; net interest income $380.9M.
- Net charge-offs $19.7M (24 bps), including $12.2M isolated C&I credit; NPL ratio 0.80%.
- Preliminary total risk-based capital 12.32%, up 18 bps; tangible common equity to tangible assets 6.15%.