Core Insights - Old National Bancorp reported a strong second quarter for 2025, with net income applicable to common shares of $121.4 million and adjusted net income of $190.9 million, translating to diluted EPS of $0.34 and adjusted EPS of $0.53 [4][10][11] - The company emphasized its focus on growing its balance sheet, expanding fee-based businesses, and controlling expenses, which contributed to its impressive results [4][5] - The successful closing of the partnership with Bremer Financial Corporation on May 1, 2025, is expected to enhance Old National's balance sheet and capital position for the remainder of the year [4][5] Financial Performance - Net interest income on a fully taxable equivalent basis reached $521.9 million, with a net interest margin of 3.53%, an increase of 26 basis points [5][18] - Total deposits at the end of the period were $54.4 billion, up $13.3 billion, with core deposits increasing by $11.6 billion [5][18] - Total loans amounted to $48.0 billion, reflecting an increase of $11.5 billion, with commercial loans growing 4.6% annualized, excluding Bremer [5][18] Credit Quality - The provision for credit losses was $106.8 million, with net charge-offs of $26.5 million, representing 24 basis points of average loans [5][18] - 30+ day delinquencies were at 0.30%, while nonaccrual loans accounted for 1.24% of total loans, indicating resilient credit quality [5][18] Operational Efficiency - Noninterest expense totaled $384.8 million, with an adjusted noninterest expense of $343.6 million, leading to an efficiency ratio of 55.8% and an adjusted efficiency ratio of 50.2% [5][31] - The company reported a return on average tangible common equity (ROATCE) of 12.0% and an adjusted ROATCE of 18.1% [5][17] Leadership Changes - Tim Burke was appointed as President and Chief Operating Officer, bringing nearly 30 years of banking experience to the role [7][9] - Burke's leadership is expected to enhance Old National's commitment to relationship banking and community impact [9]

Core Insights - Webster Financial (WBS) reported a revenue of $715.84 million for the quarter ended June 2025, reflecting a year-over-year increase of 16.5% and a surprise of +0.58% over the Zacks Consensus Estimate of $711.74 million [1] - The earnings per share (EPS) for the quarter was $1.52, up from $1.26 in the same quarter last year, resulting in an EPS surprise of +7.8% compared to the consensus estimate of $1.41 [1] Financial Performance Metrics - Net Interest Margin stood at 3.4%, matching the average estimate from six analysts [4] - The Efficiency Ratio was reported at 45.4%, better than the average estimate of 47.6% from six analysts [4] - Net charge-offs as a percentage of average loans and leases (annualized) were 0.3%, lower than the average estimate of 0.4% from five analysts [4] - Average balance of Total interest-earning assets was $74 billion, exceeding the average estimate of $72.96 billion from five analysts [4] - Total nonperforming loans and leases amounted to $534.52 million, significantly lower than the estimated $587.42 million from two analysts [4] - Total Non-Interest Income reached $94.66 million, slightly above the average estimate of $93.59 million from six analysts [4] - Net Interest Income was reported at $621.18 million, surpassing the average estimate of $616.23 million from five analysts [4] - Wealth and investment services income was $7.78 million, slightly below the average estimate of $7.86 million from five analysts [4] - Loan and lease related fees totaled $17.66 million, below the average estimate of $17.97 million from five analysts [4] - Deposit service fees were reported at $40.93 million, exceeding the average estimate of $39.51 million from five analysts [4] - Increase in cash surrender value of life insurance policies was $9.17 million, above the average estimate of $8.02 million from four analysts [4] - Non-interest income from other sources was $19.12 million, below the average estimate of $20.35 million from four analysts [4] Stock Performance - Webster Financial's shares have returned +13.3% over the past month, outperforming the Zacks S&P 500 composite's +4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - Analysts expect Webster Financial (WBS) to report quarterly earnings of $1.41 per share, reflecting an 11.9% year-over-year increase, with revenues projected at $711.74 million, up 15.8% from the previous year [1] Earnings Projections - The consensus EPS estimate has been revised down by 0.2% in the past 30 days, indicating a reassessment by covering analysts [1][2] Key Financial Metrics - Analysts predict a 'Net Interest Margin' of 3.4%, up from 3.2% in the same quarter last year [4] - The 'Efficiency Ratio' is estimated at 47.6%, compared to 46.2% a year ago [4] - 'Average balance - Total interest-earning assets' is expected to be $72.96 billion, an increase from $68.86 billion in the same quarter last year [5] - 'Total nonperforming loans and leases' are projected to be $587.42 million, up from $368.84 million a year ago [5] Income Estimates - 'Total Non-Interest Income' is expected to reach $93.59 million, significantly higher than $42.30 million reported in the same quarter last year [6] - 'Net Interest Income' is projected at $616.23 million, compared to $572.30 million in the same quarter last year [6] - 'Wealth and investment services' are expected to be $7.86 million, down from $8.56 million a year ago [7] - 'Loan and lease related fees' are estimated at $17.97 million, lower than $19.33 million reported last year [7] - 'Deposit service fees' are forecasted to be $39.51 million, down from $41.03 million a year ago [8] - 'Increase in cash surrender value of life insurance policies' is estimated at $8.02 million, up from $6.36 million last year [8] - 'Non-interest income - Other income' is projected to reach $20.35 million, compared to $16.94 million a year ago [8] Overall Performance - Over the past month, shares of Webster Financial have increased by 13.4%, outperforming the Zacks S&P 500 composite's 4% change [9] - Currently, WBS holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [9]

Core Insights - Old National Bancorp reported a net income applicable to common shares of $140.6 million for Q1 2025, with a diluted EPS of $0.44, and an adjusted net income of $145.5 million with an adjusted EPS of $0.45, indicating strong financial performance despite economic challenges [1][2][5][6]. Financial Performance - The net interest income on a fully taxable equivalent basis was $393.0 million, reflecting a decrease from $400.0 million, with a net interest margin (NIM) of 3.27%, down 3 basis points [4][17]. - Pre-provision net revenue (PPNR) was reported at $218.3 million, with an adjusted PPNR of $224.3 million [4]. - Noninterest expense totaled $268.5 million, with adjusted noninterest expense at $262.6 million, demonstrating disciplined expense management [4][17]. Deposits and Funding - Total deposits at the end of the period were $41.0 billion, up 2.1% annualized, with core deposits increasing by 1.7% annualized [4][11]. - The cost of total deposits decreased by 17 basis points to 1.91%, indicating a granular low-cost deposit franchise [4][11]. Loans and Credit Quality - Total loans at the end of the period were $36.5 billion, up 1.5% annualized, with a provision for credit losses of $31.4 million [4][11]. - Net charge-offs were $21.6 million, or 24 basis points of average loans, with 30+ day delinquencies at 0.22% and nonaccrual loans at 1.29% of total loans, reflecting resilient credit quality [4][10][11]. Capital and Return Metrics - Return on average tangible common equity (ROATCE) was 15.0%, with an adjusted ROATCE of 15.5% [4][10]. - Preliminary regulatory Tier 1 common equity to risk-weighted assets was 11.62%, up 24 basis points, indicating strong capital ratios [10][17].