Old National Bancorp Reports Third Quarter GAAP EPS of $0.66 and Revenue Miss
Old National Bancorp (ONB) reported third-quarter financial results featuring a GAAP earnings per share (EPS) of $0.66, which aligned with market expectations. However, the company's total revenue reached $712.73 million, representing a 1.1% year-over-year increase but falling short of analyst estimates by approximately $19.28 million. The bank's net interest margin (NIM) on a fully taxable equivalent basis was reported at 3.52%, reflecting a slight decline of 2 basis points compared to previous periods. These results come amidst broader market discussions regarding the company's valuation and potential as an acquisition target in the banking sector.
Tickers: $ONB
Topics: earnings report GAAP EPS net interest margin revenue miss
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