Midwestern regional bank Old National Bancorp (NASDAQ:ONB) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 37.6% year on year to $654.4 million. Its non-GAAP profit of $0.53 per share was 2.2% above analysts’ consensus estimates.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
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.
