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Here's Why Old National Stock is Worth Buying Right Now

Old National Bancorp (NASDAQ: ONB) is well-positioned on strong loan growth, high interest rates and strategic initiatives. Moreover, solid liquidity and efforts to improve fee income are likely to support its financials. Over the past 30 days, the Zacks Consensus Estimate for 2024 and 2025 earnings has remained unchanged. ONB currently carries a Zacks Rank #2 (Buy). Over the past year, shares of Old National have gained 7.3%. Old National Bancorp Price Old National Bancorp price | Old National Bancorp Quote Let's dig deeper into the factors that make ONB stock worth buying now. Earnings Growth: Old National witnessed earnings growth of 9.8% over the past three to five years, outperforming the industry average of 8.5%. This was largely driven by the company's organic growth strategy, solid balance sheet and opportunistic expansions. Also, the company has a decent earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and lagged in one, with the average beat being 2.28%. While the Zacks Consensus Estimate for earnings indicates a 9.8% decline on a year-over-year basis in 2024, earnings are projected to rebound and grow at the rate of 7.6% in 2025. Revenue Strength: Driven by diverse revenue streams, solid loan growth and inorganic expansionary ...