Old National Bancorp (ONB) has announced its fourth-quarter earnings, showcasing an increase from the previous year and surpassing Wall Street predictions.
The net income for the company reached $149.84 million, equivalent to $0.47 per share, compared to last year's $128.45 million or $0.44 per share.
When excluding certain items, Old National Bancorp's adjusted earnings stood at $155.99 million, or $0.49 per share for this period.
On average, analysts had forecasted earnings of $0.46 per share, typically excluding any special items in their estimates.
Key highlights from Old National Bancorp's earnings (GAAP):
- Earnings: $149.84 million, up from $128.45 million in the previous year.
- Earnings per Share (EPS): $0.47, compared to $0.44 last year.
