Old National Bancorp (ONB) Tops Q1 EPS by 11c

Old National Bancorp (NASDAQ: ONB) reported Q1 EPS of $0.52, $0.11 better than the analyst estimate of $0.41. Revenue for the quarter came in at $208.3 million versus the consensus estimate of $208.82 million.

• 1Q21 net income of $86.8 million, diluted EPS of $0.52.
• Adjusted1 net income of $86.4 million, or $0.52 per diluted share.

CEO Commentary

"Old National's positive first quarter results were driven by record first-quarter commercial loan production, strong mortgage revenue and excellent credit quality," said Chairman and CEO Jim Ryan. "We also continue to work with our small business and non-profit clients who are affected by the pandemic to help them gain access to Paycheck Protection Program funds and also to complete the loan forgiveness process."

For earnings history and earnings-related data on Old National Bancorp (ONB) click here.

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