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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
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  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

What To Expect From Old National Bank’s (ONB) Q3 Earnings

ONB Cover Image

Midwestern regional bank Old National Bancorp (NASDAQ: ONB) will be reporting results this Wednesday before the bell. Here’s what you need to know.

Old National Bank beat analysts’ revenue expectations by 4.5% last quarter, reporting revenues of $647.3 million, up 36.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ tangible book value per share estimates and a solid beat of analysts’ revenue estimates.

Is Old National Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Old National Bank’s revenue to grow 42.2% year on year to $690.9 million, improving from the 6.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.

Old National Bank Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Old National Bank has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.1% on average.

Looking at Old National Bank’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 7.7%, and FB Financial reported revenues up 94.2%, topping estimates by 4.2%. First Horizon traded down 13.3% following the results while FB Financial’s stock price was unchanged.

Read our full analysis of First Horizon’s results here and FB Financial’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. Old National Bank is down 5.6% during the same time and is heading into earnings with an average analyst price target of $26.42 (compared to the current share price of $20.65).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

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