earnings
confidence high
sentiment positive
materiality 0.75
Old National Q1 net income $140.6M, EPS $0.44; Bremer deal on track for May 1 close
OLD NATIONAL BANCORP /IN/
2025-Q1 EPS reported
$0.44
- Net income applicable to common shares $140.6M, diluted EPS $0.44; adjusted net income $145.5M, adjusted EPS $0.45.
- Net interest margin on FTE basis 3.27%, down 3 bps; deposit costs fell 17 bps to 1.91%.
- Period-end loans $36.5B (+1.5% annualized); deposits $41.0B (+2.1% annualized); net charge-offs 24 bps.
- CEO says results better than expected; anticipate closing Bremer Bank partnership on May 1, 2025.
- Preliminary Tier 1 common equity ratio 11.62%, up 24 bps; strong capital position.