
ONB Stock Forecast & Price Target
ONB Analyst Ratings
Bulls say
Old National Bancorp has demonstrated strong financial performance, highlighted by a 32.8% sequential increase in net interest income, reaching $514.8 million, and a 26 basis point improvement in net interest margin to 3.53%. Additionally, core fee income rose to approximately $112 million, reflecting robust operational growth, while the total loan pipeline expanded significantly to $4.8 billion, driven primarily by increased commercial balances. The overall credit quality indicators also showed improvement, with NPAs/loans decreasing to 1.26% and better-than-expected net charge-offs, contributing to a positive outlook for the company.
Bears say
The financial outlook for Old National Bancorp indicates significant risks that could adversely impact its performance, stemming from worse-than-expected asset quality, lower equity valuations, and a declining net interest margin. The company's Common Equity Tier 1 (CET1) ratio decreased to 10.74%, reflecting potential vulnerabilities in capital management amid a challenging economic landscape in its core Midwestern operating area. Additionally, the anticipated benefits from recent mergers may not materialize, exacerbating concerns regarding the company's ability to generate competitive returns and sustain growth in a deteriorating macroeconomic environment.
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
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