NasdaqGS:ONBBanks
Old National Bancorp (ONB) Stock Shrugs Off Record Efficiency Gains
Old National Bancorp stock barely flinched after earnings, up only 0.9% to US$26.64, even as the bank delivered one of its cleanest quarters in recent memory. The market is treating this like a routine update. The numbers tell a different story.
The real headline is profit quality. Basic earnings per share reached about US$0.65 and net income excluding extra items came in near US$249.4m, both supported by firm credit, rising loans and a cost to income ratio just above 47%. For a regional...