How consistent is ONB's earnings performance?

Old National Bancorp (ONB) has demonstrated a generally increasing trend in net income and revenue over the past five years, with some fluctuations. Here's a detailed analysis: 1. **Growth Trend**: The net income has shown a consistent upward trajectory, starting from $226.41 million in 2020 and increasing to $581.99 million in 2023. Similarly, the total revenue has also grown from $835.37 million in 2020 to $1.84 billion in 2023. 2. **Yearly Variations**: There are variations within each year. For instance, in 2021, the net income decreased from $277.54 million in 2020 to $226.41 million, but it recovered to $428.29 million in 2022. The diluted EPS followed a similar pattern, decreasing from $1.36 in 2020 to $1.5 in 2022. 3. **Stability**: The bank's performance has been relatively stable since 2022, with net income of $539.19 million in 2024 and $581.99 million in 2023, indicating a mature and stable financial performance. 4. **Revenue Consistency**: The revenue growth has been more consistent than the net income, with a few fluctuations. It increased from $810.62 million in 2021 to $1.73 billion in 2022 and then to $1.89 billion in 2023. In conclusion, Old National Bancorp has shown a generally increasing trend in its earnings performance over the past five years, with some fluctuations. The bank's performance has been relatively stable since 2022, indicating a mature and stable financial performance. |code|Ticker|Name|Date|Total Revenue (FY)|Net Income (FY)|Diluted EPS (FY)|market_code| |---|---|---|---|---|---|---|---| |ONB|ONB.O|Old National Bancorp|2020|8.35368E8|2.26409E8|1.36|185| |ONB|ONB.O|Old National Bancorp|2021|8.10619E8|2.77538E8|1.67|185| |ONB|ONB.O|Old National Bancorp|2022|1.727715E9|4.28287E8|1.5|185| |ONB|ONB.O|Old National Bancorp|2023|1.836495E9|5.81992E8|1.94|185| |ONB|ONB.O|Old National Bancorp|2024|1.88548E9|5.39188E8|1.68|185|