Old National Bancorp reports Q4 adjusted EPS 46c, consensus 48c

Reports Q4 revenue $470.6M, consensus $449M. “Old National finished 2023 with strong reported results and record performance on an adjusted basis for EPS, return on average tangible equity and efficiency ratio. Tangible book value per share grew by 17% year-over-year and, when combined with a 3.7% average dividend yield, provided shareholders with a strong return for the year,” said CEO Jim Ryan. “Our peer-leading deposit franchise, disciplined loan growth, strong credit quality, well-managed expenses, and dedicated team members who are committed to our clients and communities drove these outstanding results.”