
ONB Stock Forecast & Price Target
ONB Analyst Ratings
Bulls say
Old National Bancorp demonstrated a strong financial performance, marked by a 1.1% increase in net interest income to $581 million and a sequential improvement in net interest margin to 3.65%, attributed to lower deposit costs. The bank's total loans also showed growth, rising 1.7% to $48.8 billion, supported by increased commercial and industrial (C&I) and residential mortgage balances, alongside a robust loan production which surged 25% from the previous quarter. Additionally, the strategic acquisition of Bremer Financial Corporation is expected to enhance Old National's market presence in the Upper Midwest, contributing to a positive trajectory for loan growth moving forward.
Bears say
Old National Bancorp faces significant risks that contribute to a negative outlook, primarily due to concerns over asset quality performance, which could adversely affect earnings and capital. The bank's core fee income has declined by 3.7% sequentially, indicating potential challenges in maintaining revenue streams. Additionally, the outlook for the macroeconomic environment and interest rates poses further risk, with a potential downside scenario suggesting a significant drop in valuation to $17 per share if conditions worsen.
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
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