Old National Bancorp (NASDAQ:ONB) is reporting third quarter earnings results on Monday 19th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.33 per share from $ 201.89 million in revenue.
For the full year, analysts predict revenues of $ 816.34 million, while looking forward to income of $ 1.10 per share.
Previous Quarter Performance
Old National Bancorp unwinded income for the second quarter of $ 0.32 per share, from the revenue of $ 204.13 million, On adjusted basis, ONB reported income for the quarter of $ 0.33 per share. The quarterly earnings 11.11 percent while revenues down 2.66 percent compared with the same quarter last year. The consensus estimates are income of $ 0.24 per share from $ 197.11 million in revenue. The bottom line results beat street analysts by $ 0.09 or 37.50 percent, at the same time, top line results outshined analysts by $ 7.02 million or 3.56 percent.
Stock Performance
On Friday, shares of Old National Bancorp has traded high as $ 13.88 and has cracked $ 13.52 on the downward trend, reaching $ 13.76 with volume of 498.50 thousand shares.
According to the previous trading day, closing price of $ 13.76, representing a 22.97 % increase from the 52 week low of $ 11.19 and a 26.57 % decrease over the 52 week high of $ 18.74.
The company has a market capital of $ 2.27 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Neutral rating, with $ 14.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.14 per share on July 30, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Old National Bancorp will be hosting a conference call at 10:00 AM eastern time on 19th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.oldnational.com
Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, interest-bearing checking, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. It also provides debit and ATM cards, telephone access, and online banking, as well as other electronic and mobile banking services; cash management, private banking, brokerage, trust, and investment advisory services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions.
