Quarterly ResultJul 22, 2026, 07:02 AM
Old National Q2 Net Income $249.4M, Diluted EPS $0.65
AI Summary
Old National Bancorp reported record second quarter 2026 net income of $249.4 million, or $0.65 diluted EPS, with adjusted figures also at record highs. The company saw strong balance sheet growth, with total deposits increasing to $56.1 billion and total loans reaching $50.8 billion. Alongside these financial achievements, Old National announced significant enhancements to its leadership structure, including the formation of an Operating Group and the expansion of its Executive Leadership Team, aimed at accelerating strategy execution and accountability. The company also repurchased $107 million in common stock during the quarter.
Key Highlights
- Record Q2 net income applicable to common shares of $249.4 million.
- Record diluted EPS of $0.65.
- Total deposits reached $56.1 billion, up 3.4% annualized.
- Total loans grew to $50.8 billion, up 8.3% annualized.
- Net interest margin (FTE) was 3.54%, down 1 basis point.
- Repurchased $107 million of common stock (4.4 million shares).
- Formed an Operating Group and expanded Executive Leadership Team.
- Rafael Sanchez named Chief Government and Corporate Affairs Officer.
Price Impact
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