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Old National Bancorp Stock Soars 13.23% on Strong Q1 Earnings
Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 22, 2025 8:07 am ET1min read
Old National Bancorp's stock surged 13.23% in pre-market trading on April 22, 2025, driven by strong first-quarter financial results.
Old National Bancorp reported robust financial performance for the first quarter of 2025, with net income reaching $140.6 million and diluted earnings per share (EPS) at $0.44. The company's revenue for the period was $724.2 million, with revenue net of interest expense standing at $486.8 million, both figures exceeding market expectations.
The bank's strong performance was attributed to its "peer-leading deposit" strategy, which contributed to the positive market reaction. The company's adjusted earnings for the quarter remained unchanged at $0.45 per diluted share, aligning with analysts' expectations.
Old National Bancorp's earnings report for the first quarter of 2025 surpassed Wall Street's projections, with earnings per share of $0.44 exceeding the average estimate of $0.42 per share. The company's revenue also topped forecasts, with $724.2 million in total revenue and $486.8 million in revenue net of interest expense.
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