earnings
confidence high
sentiment positive
materiality 0.75
Old National Q2 2024 adjusted EPS $0.46; GAAP EPS $0.37; CapStar closed Apr 1
OLD NATIONAL BANCORP /IN/
2024-Q2 EPS reported
$0.77
- Adjusted net income $144.1M ($0.46 diluted EPS); GAAP net income $117.2M ($0.37).
- Net interest margin (FTE) 3.33%, up 5 bps QoQ; net interest income $394.8M.
- Period-end deposits $40.0B (+$2.3B), loans $36.2B (+$2.6B) including CapStar.
- Credit quality: net charge-offs 16 bps, non-performing loans 0.94% of total loans.
- Pre-tax merger charges $19.4M; CECL Day 1 non-PCD provision expense $15.3M.