Will Revenue Beat from Bremer Partnership Change Old National Bancorp's (ONB) Core Banking Narrative?
- Old National Bancorp recently reported quarterly revenue growth of 44.9% year on year, beating analyst expectations by 2.2% and reflecting benefits from its earlier Bremer Bank partnership.
- The results highlight how the Bremer collaboration and focus on core banking fundamentals are supporting stronger fee and interest income performance for Old National Bancorp.
- Next, we'll examine how this revenue beat, supported by the Bremer partnership, may influence Old National Bancorp's existing investment narrative.
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Old National Bancorp Investment Narrative Recap
To own Old National Bancorp, you need to believe in a steady, fundamentals-first regional bank that can convert its Midwest footprint and Bremer partnership into durable earnings and fee income. The 44.9% year on year revenue jump, beating expectations, supports the near term catalyst of stronger revenue execution, but it does not remove key risks around commercial real estate exposure and a still concentrated regional focus.
The recent progress on integrating Bremer, which has enlarged Old National Bancorp’s balance sheet and capital base, ties directly to this quarter’s revenue strength by reinforcing fee and interest income trends. This same expansion, however, also intersects with concerns around commercial real estate concentration and future loan growth prudence as management balances growth against credit quality and regional economic conditions.
Yet investors should also be aware of how Old National Bancorp’s commercial real estate exposure could...
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Old National Bancorp’s narrative projects $3.6 billion revenue and $1.5 billion earnings by 2028.
Uncover how Old National Bancorp's forecasts yield a $25.75 fair value, a 14% upside to its current price.
Exploring Other Perspectives
Three fair value estimates from the Simply Wall St Community range from US$25.75 to an extreme US$12,367.80, showing just how far apart individual views can be. Against this backdrop, the recent revenue beat linked to the Bremer partnership raises important questions about how growth interacts with Old National Bancorp’s ongoing commercial real estate risk, so you may want to explore several alternative viewpoints before deciding what this means for the company’s performance.
Explore 3 other fair value estimates on Old National Bancorp - why the stock might be a potential multi-bagger!
Build Your Own Old National Bancorp Narrative
Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.
- A great starting point for your Old National Bancorp research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
- Our free Old National Bancorp research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Old National Bancorp's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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