BUZZ-Old National Bancorp shares surge to over 16-year high on Q4 results

Reuters
2025/01/21
BUZZ-<a href="https://laohu8.com/S/ONB">Old National Bancorp</a> shares surge to over 16-year high on Q4 results

** Shares of Old National Bancorp ONB.O up 3.53% at $23.74, hitting their highest level in over 16 years

** Company posts Q4 net interest income of $394.2 mln vs $364.4 mln in the quarter a year ago

** ONB's Q4 provision for credit losses increased to $27 mln from $11.6 mln a year ago

** Company reported Q4 adj. EPS of $0.49 vs $0.46 in the quarter a year ago

** "Fourth qtr was driven by continued growth in our peer-leading deposit franchise, disciplined expense and credit management, and solid net interest income and margin performance" - Old National Bancorp Chairman and CEO Jim Ryan

** ONB gained ~28.5% in 2024

(Reporting by Megha Kumari in Bengaluru)

((Megha.kumari@thomsonreuters.com))

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