
ONB Stock Forecast & Price Target
ONB Analyst Ratings
Bulls say
Old National Bancorp has demonstrated solid financial performance following its latest acquisition, with a core deposit balance increase of 0.8%, showcasing its ability to attract deposits. The company's reported net interest income saw a significant sequential increase of 32.8%, reaching $514.8 million, and its net interest margin improved to 3.53%, reflecting effective management and growth strategies. Additionally, the total loan pipeline expanded to $4.8 billion, underpinned by strong demand for commercial balances, positioning the bank favorably for continued revenue growth.
Bears say
Old National Bancorp faces significant risks that contribute to a negative outlook for its stock, primarily stemming from potential declines in asset quality, which could adversely affect earnings and capital growth. The company's Common Equity Tier 1 (CET1) ratio has recently declined by 88 basis points to 10.74%, indicating possible challenges in maintaining financial stability in a volatile economic environment. Additionally, external factors such as a weakening macroeconomic landscape and difficulties in managing net interest margins further exacerbate the uncertainty surrounding Old National's financial performance and operational effectiveness.
This aggregate rating is based on analysts' research of Old National Bancorp and is not a guaranteed prediction by Public.com or investment advice.
ONB Analyst Forecast & Price Prediction
Start investing in ONB
Order type
Buy in
Order amount
Est. shares
0 shares