OLD NATIONAL BANCORP (NASDAQ:ONB) Tops Q3 2025 Earnings and Revenue Estimates

OLD NATIONAL BANCORP (NASDAQ:ONB) reported third-quarter financial results for 2025 that surpassed analyst expectations on the top and bottom lines, a performance that has been met with a positive initial market reaction.

Earnings and Revenue Performance

The Midwestern regional bank posted revenue of $713.0 million for the quarter, marking a substantial 46.8% increase compared to the same period last year. This figure came in above the analyst consensus estimate of $703.7 million. On profitability, the company’s adjusted earnings per share were a key highlight.

• Reported Revenue: $713.0 million
• Estimated Revenue: $703.7 million
• Reported Adjusted EPS: $0.59
• Estimated EPS: $0.57

The adjusted net income applicable to common shares, which excludes certain one-time items, was $231.3 million. This compares to a GAAP net income of $178.5 million, or $0.46 per diluted share, which was impacted by $69.3 million in pre-tax merger-related charges connected to the integration of Bremer Bank.

Market Reaction and Price Action

Following the earnings release, the stock is indicating a positive response in pre-market trading. This upward movement suggests investors are rewarding the company for its stronger-than-anticipated profitability and revenue growth. The positive drift helps offset some of the stock's recent weakness, as it had seen a slight decline over the past month.

Quarterly Operational Highlights

Beyond the earnings and revenue beats, the earnings release detailed several areas of operational strength in the third quarter. The company’s net interest income, a crucial metric for banks, saw significant growth.

• Net Interest Income: Increased to $582.6 million on a fully taxable equivalent basis, up from $521.9 million in the prior quarter.
• Net Interest Margin: Expanded by 11 basis points to 3.64%.
• Loan Growth: Period-end total loans reached $48.0 billion. Excluding acquired Bremer loans, the growth was 3.1% annualized.
• Deposit Growth: Total deposits grew to $55.0 billion, with core deposits up 5.8% annualized.
• Credit Quality: The company noted resilient credit quality, with nonperforming loans at 1.23% of total loans.
• Capital Strength: The preliminary Tier 1 common equity ratio strengthened to 11.02%, up 28 basis points from the previous quarter.

CEO Jim Ryan attributed the strong results to the company's focus on fundamentals and the benefits derived from the recently completed partnership with Bremer Bank, stating the company is "exceptionally well positioned for the remainder of 2025 and beyond."

Looking Ahead

While the press release does not provide a specific quantitative financial outlook for the coming periods, the optimistic commentary from management aligns with analyst models. Current consensus estimates project full-year 2025 revenue of $2.56 billion and earnings per share of $2.17. For the fourth quarter, analysts are forecasting revenue of $716.5 million and EPS of $0.61.

For a detailed look at historical earnings and future analyst estimates for OLD NATIONAL BANCORP (NASDAQ:ONB), you can review the data here.

Disclaimer: This article is for informational purposes only and is not intended as investment advice. All data and figures are sourced from the company's press release and third-party estimates. Readers should conduct their own research before making any investment decisions.