
ONB Stock Forecast & Price Target
ONB Analyst Ratings
Bulls say
Old National Bancorp demonstrated a solid quarter with a net interest income increase of 1.1% sequentially, reaching $581 million, supported by a higher margin of 3.65%. The bank also saw total loans rise by 1.7% sequentially to $48.8 billion, bolstered by growth in commercial and industrial as well as residential mortgage segments, alongside a robust loan pipeline of $4.8 billion. Additionally, the recent acquisition of Bremer Financial Corporation is expected to enhance the bank's footprint and scale in the Upper Midwest, particularly benefiting their operations in the Twin Cities market.
Bears say
The financial outlook for Old National Bancorp is negatively impacted by several significant risks, primarily related to asset quality performance and net interest margins. A decrease in core fee income and potential challenges in generating competitive returns on equity further exacerbate these concerns, with the firm facing a deteriorating macroeconomic environment. Additionally, the ability to manage expenses and loan growth amidst these unfavorable conditions adds to the uncertainties surrounding the bank's financial stability and future earnings.
This aggregate rating is based on analysts' research of Old National Bancorp and is not a guaranteed prediction by Public.com or investment advice.
ONB Analyst Forecast & Price Prediction
Start investing in ONB
Order type
Buy in
Order amount
Est. shares
0 shares