Earnings Call Summary | Old National Bancorp(ONB.US) Q1 2024 Earnings Conference
Earnings Call Summary | Old National Bancorp(ONB.US) Q1 2024 Earnings Conference
The following is a summary of the Old National Bancorp (ONB) Q1 2024 Earnings Call Transcript:
以下是Old National Bancorp（ONB）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Old National Bancorp reported Q1 earnings of $0.40 per common share. The adjusted EPS stood at $0.45, exceeding consensus estimates by 5%.
The above-average deposit and loan growth, stable credit performance, and disciplined expense management contributed to the exceeded estimates.
The adjusted ROA for the quarter was 1.1%, with an adjusted ROATCE of 16.7%.
Deposit and loan growth were recorded at 5% and 7.5% annualized in Q1.
Q1 saw a 2% increase in the tangible common book value, which increased by 11% year-over-year.
Old National Bancorp公佈的第一季度每股普通股收益爲0.40美元。調整後的每股收益爲0.45美元，比市場預期高出5％。
高於平均水平的存款和貸款增長、穩定的信貸表現和嚴格的支出管理促成了超出預期。
本季度調整後的投資回報率爲1.1％，調整後的ROATCE爲16.7％。
第一季度存款和貸款的年化增長率分別爲5％和7.5％。
第一季度有形普通賬面價值增長了2％，同比增長了11％。
Business Progress:
業務進展：
A strategic partnership with CapStar Bank was initiated in Q1, aimed at expanding into southeastern markets.
An emphasis is placed on deposit gathering across all business lines of the business, contributing to overall growth.
The company foresees potential risk with non-interest bearing accounts, but believes that it is close to an end.
Three credits caused a non-performing loan line increase, but no significant loss is anticipated from these.
An ongoing strategy is maintained for portfolio management, including optimization and capital allocation based on the best returns.
Buyback discussions may be held later in the year as unchecked capital has experienced rapid growth.
There are no plans to significantly derisk the portfolio as there are no major concentrations.
與CapStar銀行的戰略合作伙伴關係於第一季度啓動，旨在擴展到東南市場。
重點是收集所有業務領域的存款，以促進整體增長。
該公司預見了非計息賬戶的潛在風險，但認爲這種風險已接近尾聲。
三筆信貸導致不良貸款額度增加，但預計不會造成重大損失。
維持持續的投資組合管理策略，包括基於最佳回報的優化和資本分配。
由於不受控制的資本實現了快速增長，回購討論可能會在今年晚些時候舉行。
由於沒有重大集中，因此沒有計劃大幅降低投資組合的風險。
More details: Old National Bancorp IR
更多詳情： 老國民銀行IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。