Quarterly ResultMay 6, 2026, 03:46 PM
Old National Q1 Adj. EPS $0.61; Adj. ROATCE 19.0%; Loan Growth 8.0%
AI Summary
Old National Bancorp reported strong first-quarter 2026 results, with adjusted EPS of $0.61 and an adjusted Return on Average Tangible Common Equity (ROATCE) of 19.0%. The company achieved a record adjusted efficiency ratio of 45.7% and saw total loan growth of 8.0% annualized, alongside 4.2% annualized total deposit growth. Old National also highlighted its strong capital position, with tangible book value per share increasing 11% year-over-year, and provided an unchanged full-year 2026 outlook.
Key Highlights
- Adjusted EPS for Q1 2026 was $0.61, with reported EPS at $0.59.
- Adjusted Return on Average Tangible Common Equity (ROATCE) reached 19.0%.
- Adjusted Efficiency Ratio was a record 45.7%.
- Total loan growth was 8.0% annualized, driven by 16.9% annualized C&I growth.
- Total deposits grew 4.2% annualized, with total deposit costs at 172 bps.
- Tangible Book Value (TBV) per share increased 11% year-over-year to $13.93.
- The company repurchased $95 million of common stock and paid $56 million in common stock cash dividends in Q1 2026.
- Full-year 2026 outlook projects EOP loans up 4%-6% and net interest income ~$2,415 million.
Price Impact
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