Old National Bancorp (ONB) Tops Q2 Earnings and Revenue Estimates

Core Insights - Old National Bancorp (ONB) reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.51 per share, and showing an increase from $0.46 per share a year ago, resulting in an earnings surprise of +3.92% [1] - The company achieved revenues of $654.37 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.02%, and up from $482.03 million year-over-year [2] - Old National Bancorp has outperformed consensus EPS estimates three times in the last four quarters and has topped revenue estimates four times in the same period [2] Earnings Outlook - The future performance of Old National Bancorp's stock will largely depend on management's commentary during the earnings call and the sustainability of the stock's price movement based on recent earnings and future expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.56, with expected revenues of $695.64 million, and for the current fiscal year, the EPS estimate is $2.14 on revenues of $2.52 billion [7] Industry Context - The Zacks Industry Rank places the Banks - Midwest sector in the top 31% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]