ONBPO Latest Report

Financial Performance

Based on the provided data, Old National Bank's total operating revenue reached $489,946,000 as of December 31, 2024, up 5.5% from $464,502,000 as of December 31, 2023. This growth indicates positive growth in the company's operating revenue, demonstrating the stability of its business and the increase in market demand.

Key Financial Data

1. Operating revenue reached $489,946,000 in 2024, up 5.5% from 2023.

2. Insurance business revenue was $6,499,000 in 2024, up 72.4% from 2023.

3. Earnings before interest and taxes (EBIT) was $680,438,000 in 2024, down from 2023.

4. Net profit was $385 million in 2024, with a basic earnings per share of $1.21.

Peer Comparison

1. Industry-wide analysis: The overall financial services industry generally achieved revenue growth in 2024, with economic recovery and interest rate hikes promoting increased demand for loan and investment services from financial institutions, providing a favorable external environment for Old National Bank's growth.

2. Peer evaluation analysis: Old National Bank's operating revenue growth rate of 5.5% is at a medium level in the same industry, although it is not as high as some large competitors, but the relatively stable growth shows its market competitiveness and customer loyalty.

Summary

Old National Bank's financial performance in 2024 shows a certain stability and growth potential, especially the rapid growth of insurance business that positively contributed to the overall revenue. However, the decline in EBIT may indicate that the company faces certain challenges in cost control, and future attention should be paid to its profitability improvement.

Opportunities

1. The significant growth in insurance business indicates that there is potential to further expand its market share.

2. With the acquisition of Bremer Financial, Old National Bank is expected to achieve rapid improvement in market position and asset size.

3. With the improvement of the economic environment, customer demand may further increase, bringing new growth opportunities for the bank's business.

Risks

1. The decline in EBIT may affect the company's profitability, and attention should be paid to cost control and efficiency improvement measures.

2. Uncertainty in the macroeconomic environment may negatively affect the demand for financial credit and wealth management services.

3. Intensified industry competition, especially the expansion of market share by large banks, may put pressure on Old National Bank's growth.