BUZZ-Old National Bancorp shares surge to over 16-year high on Q4 results
ReutersJan 21, 2025 3:48 PM
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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