Old National Bank shares have gained 13.5% over the past six months, outperforming the S&P 500 by 5.1% and trading at $26, but analysts highlight three concerns. The bank's net interest margin averaged a subpar 3.5% over the past two years, signaling less profitable loans compared to peers. Earnings per share grew at a weak 5.8% compounded annual rate over five years, lagging far behind its 26.7% annualized revenue growth, indicating declining per-share profitability. Tangible book value per share increased only 4% annually over five years, though it accelerated to 11.9% annual growth in the past two years, rising from $11.15 to $13.96. The stock trades at 1.1 times forward price-to-book, and analysts suggest there are better opportunities elsewhere.
Applovin Corp
NVIDIA CorporationOld National BancorpAnalysts highlight concerns about subpar net interest margin, weak EPS growth, and low tangible book value growth, suggesting better opportunities elsewhere.
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