Old National Bancorp (ONB) stock is up 6.7% while the S&P 500 is down -0.2%. The bank posted impressive earnings results on Tuesday, July 25th, surpassing analysts expectations.

Old National Bancorp (ONB) stock is up 6.7% while the S&P 500 is down -0.2% as of 3:35 PM on Wednesday, Jul 26. The bank holding company posted revenues of $469.63 million for the quarter ended June 2023. Old National Bancorp reports 2Q23 net income applicable to common shares of $151.0 million, diluted EPS of $0.52; $156.3 million and $0.54 on an adjusted1 basis, respectively. Old National Bank is the sixth largest commercial bank in the Midwest. Old National Bancorps stock was trading at $17.23 per share during mid-day trading. The bank posted impressive earnings results on Tuesday, July 25th, surpassing analysts expectations by $0.54. Old National Bancorp is reporting second quarter net income of $151 million, up from $111 million during the same period last year. The bank generated $626.53 million in revenue during the quarter, significantly outperforming analyst predictions of $447 million. With a market capitalization of $5.04 billion, the bank continues to be a significant player.