Old National Ban (ONB) Earnings Date & Reports

Old National Bancorp released its First Quarter 2026 earnings on April 22, 2026, highlighting robust lending activity. The company posted GAAP net income applicable to common shares of $229.6 million, or diluted EPS of $0.59. On an adjusted basis, excluding merger-related and other items, net income was $237.7 million, or $0.61 per diluted share—beating consensus estimates of $0.60.

Net interest income on an FTE basis totaled $580.4 million, down slightly from $588.8 million in the prior quarter, with NIM at 3.55%, a 10 bps decline linked to deposit mix shifts. Total loans ended the quarter at $49.8 billion, up $970.9 million or 8.0% annualized, fueled by $633.8 million in commercial and industrial growth. Deposits rose 4.2% annualized to $55.7 billion.

Credit metrics held firm: NCOs were $32.0 million or 26 bps of average loans (19 bps excluding purchased credit deteriorated loans), provision for credit losses $34.9 million, and 30+ day delinquencies ticked up to 0.24%. The adjusted efficiency ratio improved to 45.7% from 46.0% last quarter, aided by higher revenue. Common Equity Tier 1 (CET1) capital ratio stood at a preliminary 11.11%.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore it today to enhance your research process.

Market Reaction and Investor Sentiment

Following the earnings release, Old National Bancorp shares rose approximately 1.94% in pre-market trading to around $24.23, reflecting positive investor response to the EPS beat and loan growth momentum. Sentiment appeared constructive, with focus on healthy commercial lending and stable credit quality offsetting a minor NIM compression. Analysts noted the results exceeded internal expectations, bolstering confidence amid regional banking pressures.

Forward Outlook and Key Factors to Monitor

CEO Jim Ryan emphasized building momentum across businesses, expressing confidence in full-year expectations without altering prior guidance. Management highlighted a strong loan pipeline, projecting 4% to 6% full-year loan growth, potentially trending toward the higher end.

Investors should track net interest margin trajectory, as deposit cost pressures and funding mix could influence profitability. Continued commercial loan expansion remains a tailwind, but vigilance on consumer segments is warranted given modest delinquency upticks.

Credit quality metrics, including NCO rates and nonaccrual loans, will be crucial amid economic softening risks. Efficiency improvements and capital levels (CET1 above 11%) provide flexibility for potential share repurchases or mergers and acquisitions (M&A). Broader industry dynamics, such as Federal Reserve rate decisions, will impact deposit betas and lending appetite.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations