Midwestern regional bank Old National Bancorp (NASDAQ:ONB) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 10.9% year on year to $481.4 million. Its non-GAAP profit of $0.45 per share was 5.6% above analysts’ consensus estimates.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Old National Bank (NASDAQ:ONB) and the rest of the regional banks stocks fared in Q1.
Banks serve as the backbone of the economy, facilitating lending, deposits, and financial services that keep businesses and consumers moving forward. But concerns about loan losses and tightening regulations have tempered enthusiasm,
and over the past six months, the banking industry has pulled back by 10.1%. This drawdown was disappointing since the S&P 500 held its ground.
