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United Theranostics Secures $15 Million Senior Debt Facility to Fuel Network Growth and Expansion
Newsfilterยท 2025-02-11 14:00
Core Insights - United Theranostics has successfully closed a $15 million senior debt facility with Old National Bank to expand its network of clinics offering radiopharmaceutical therapies and clinical trials for new drugs [1][2] Company Overview - United Theranostics is a national private practice focused on providing broader access to radiopharmaceutical therapy and advanced molecular imaging in community settings [2] - The company aims to establish up to eight new centers across the U.S. within the next 12 months, modeled after its existing facilities in Glen Burnie, MD, and Princeton, NJ [2] - The company was founded by Dr. Michael Morris, Dr. Babak Saboury, and Dr. Eliot Siegel, with Dr. Munir Ghesani recently joining as Chief Medical Officer [3] Financial Partnership - The partnership with Old National Bank is expected to provide United Theranostics with a strong financial backing to accelerate clinic growth throughout 2025 and 2026 [2] - The funding will support the expansion of the company's nationwide network of community-based facilities offering both FDA-approved therapies and those in clinical trial development [2] Commitment to Patient Care - United Theranostics is dedicated to making personalized theranostics cancer treatment and clinical trials accessible to all patients in a comfortable, patient-centric outpatient setting [4]
Old National Bancorp (ONB) is a Great Momentum Stock: Should You Buy?
ZACKSยท 2025-02-05 18:00
Company Overview - Old National Bancorp (ONB) currently has a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, ONB shares have increased by 3.38%, outperforming the Zacks Banks - Midwest industry, which rose by 1.21% [5] - In a longer time frame, ONB shares have gained 13.36% over the past month, compared to the industry's 4.48% [5] - Over the last quarter, ONB shares increased by 6.57%, and over the past year, they have surged by 50.66%, while the S&P 500 only moved 5.98% and 23.28%, respectively [6] Trading Volume - The average 20-day trading volume for ONB is 3,377,007 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 3 earnings estimates for ONB have been revised upwards, while only 1 estimate was revised downwards, leading to an increase in the consensus estimate from $2.01 to $2.08 [9] - For the next fiscal year, 3 estimates have also moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, ONB is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]
Old National Bancorp(ONB) - 2024 Q4 - Earnings Call Transcript
2025-01-21 17:11
Financial Data and Key Metrics Changes - Old National reported strong results for the fourth quarter and the full-year 2024, successfully navigating a challenging environment while maintaining an offensive growth strategy [5]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content. Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the provided content. Company Strategy and Development Direction and Industry Competition - The company emphasized its commitment to an offensive growth strategy, which includes investing in talent and remaining opportunistic in its approach [5]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2024 but highlighted the successful navigation of these challenges, indicating a positive outlook for future performance [5]. Other Important Information - The company referred to its forward-looking statements and risk factors, which are disclosed in SEC filings, indicating a focus on transparency and investor understanding [3][4]. Q&A Session Summary - No specific questions and answers from the Q&A session were provided in the available content.
Old National Bancorp(ONB) - 2024 Q4 - Earnings Call Presentation
2025-01-21 17:09
Non-GAAP Financial Measures 4th Quarter 2024 Financial Review January 21, 2025 Forward-Looking Statements These materials contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"), notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements m ...
Compared to Estimates, Old National Bancorp (ONB) Q4 Earnings: A Look at Key Metrics
ZACKSยท 2025-01-21 15:31
Core Insights - Old National Bancorp (ONB) reported revenue of $495.72 million for the quarter ended December 2024, reflecting a year-over-year increase of 5.3% and surpassing the Zacks Consensus Estimate of $486.03 million by 1.99% [1] - The company's earnings per share (EPS) for the quarter was $0.49, an increase from $0.46 in the same quarter last year, and exceeded the consensus EPS estimate of $0.46 by 6.52% [1] Financial Performance Metrics - Efficiency Ratio was reported at 54.4%, higher than the estimated 53% by analysts [4] - Net interest margin (FTE) remained stable at 3.3%, matching the analysts' average estimate [4] - Average balance of total earning assets was $48.41 billion, slightly above the two-analyst average estimate of $48.22 billion [4] - Net charge-offs to average loans were reported at 0.2%, consistent with the two-analyst average estimate [4] - Total noninterest income reached $95.77 million, exceeding the three-analyst average estimate of $85.94 million [4] - Net Interest Income (FTE) was $399.96 million, slightly below the three-analyst average estimate of $400.09 million [4] - Service charges on deposit accounts were $20.58 million, above the estimated $19.83 million by analysts [4] - Wealth and investment services fees totaled $30.01 million, surpassing the two-analyst average estimate of $29.36 million [4] - Mortgage banking revenue was reported at $7.03 million, exceeding the average estimate of $6.55 million based on two analysts [4] Stock Performance - Shares of Old National Bancorp have returned +5.9% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]
Old National Bancorp (ONB) Q4 Earnings and Revenues Surpass Estimates
ZACKSยท 2025-01-21 14:16
Old National Bancorp (ONB) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this holding company for Old National Bank would post earnings of $0.46 per share when it actually produced earnings of $0.46, delivering no surprise.Over the last fou ...
Old National Bancorp(ONB) - 2024 Q4 - Annual Results
2025-01-21 12:06
Exhibit 99.1 Old National Bancorp Reports Fourth Quarter and Full-Year 2024 Results Evansville, Ind. (January 21, 2025) Old National Bancorp (NASDAQ: ONB) reports 4Q24 net income applicable to common shares of $149.8 million, diluted EPS of $0.47; $156.0 million and $0.49 on an adjusted basis, respectively. Full- year net income applicable to common shares of $523.1 million, diluted EPS of $1.68; $578.1 million and $1.86 on an adjusted basis, respectively. 1 1 CEO COMMENTARY: "Old National's successful 4th ...
Old National Bancorp Reports Fourth Quarter and Full-Year 2024 Results
Globenewswireยท 2025-01-21 12:00
EVANSVILLE, Ind., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) reports 4Q24 net income applicable to common shares of $149.8 million, diluted EPS of $0.47; $156.0 million and $0.49 on an adjusted1 basis, respectively. Full-year net income applicable to common shares of $523.1 million, diluted EPS of $1.68; $578.1 million and $1.86 on an adjusted1 basis, respectively. CEO COMMENTARY: "Old National's successful 4th quarter was driven by continued growth in our peer-leading deposit fra ...
Countdown to Old National Bancorp (ONB) Q4 Earnings: Wall Street Forecasts for Key Metrics
ZACKSยท 2025-01-15 15:20
Core Viewpoint - Analysts project that Old National Bancorp (ONB) will report quarterly earnings of $0.46 per share, with revenues expected to reach $486.03 million, reflecting a 3.3% increase year over year [1] Earnings Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment by covering analysts [1][2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [2] Key Metrics Forecast - Analysts expect the 'Efficiency Ratio' to be 53.0%, down from 59% a year ago [4] - The 'Net Interest Margin (FTE)' is projected at 3.3%, slightly lower than the previous year's 3.4% [4] - 'Average Balance - Total Earning Assets' is anticipated to reach $48.22 billion, up from $43.70 billion in the same quarter last year [4] Income Projections - 'Total Noninterest Income' is expected to be $85.94 million, down from $100.09 million in the same quarter last year [5] - 'Net Interest Income (FTE)' is forecasted to be $400.09 million, an increase from $370.51 million a year ago [5] Specific Revenue Estimates - 'Service Charges on Deposit Accounts' are projected at $19.83 million, compared to $18.67 million last year [6] - 'Wealth and Investment Services Fees' are expected to reach $29.36 million, up from $27.66 million a year ago [6] - 'Mortgage Banking Revenue' is forecasted at $6.55 million, significantly higher than the $3.69 million reported in the same quarter last year [6] Stock Performance - Over the past month, Old National Bancorp shares have recorded a return of -2.3%, outperforming the Zacks S&P 500 composite's -3.3% change [7] - Based on its Zacks Rank 1 (Strong Buy), ONB is expected to outperform the overall market in the upcoming period [7]
Old National Bancorp Announces Schedule for Fourth-Quarter and Full-Year 2024 Earnings Release and Conference Call
Newsfilterยท 2025-01-08 14:15
Earnings Announcement Schedule - Old National Bancorp will release its fourth-quarter and full-year 2024 earnings on Tuesday, January 21, 2025, at approximately 7:00 AM ET [1] - A conference call will follow at 10:00 AM ET on the same day, with dial-in numbers provided for both U S and international participants [1] - A webcast of the call will be available on Old National's Investor Relations website, with a replay accessible until midnight ET on January 20, 2026 [1] - A telephone replay will also be available until midnight ET on February 4, 2025 [1] Company Overview - Old National Bancorp is the holding company of Old National Bank, the sixth largest commercial bank headquartered in the Midwest [2] - The company primarily serves clients in the Midwest and Southeast, with approximately $54 billion in assets and $31 billion in assets under management [2] - Old National ranks among the top 30 banking companies headquartered in the United States, tracing its roots back to 1834 [2] - The company focuses on building long-term partnerships with clients and supporting communities, offering services in consumer and commercial banking, wealth management, and capital markets [2] - In 2024, Old National was named one of "The Civic 50" by Points of Light, recognizing it as one of the most community-minded companies in the United States [2] Contact Information - Investor Relations can be reached via Lynell Durchholz at (812) 464-1366 or lynell durchholz@oldnational com [3] - Media Relations can be contacted through Rick Vach at (904) 535-9489 or rick vach@oldnational com [3]