Old National Bancorp Reports Record Q3 2026 Net Income and Adjusted EPS
Old National Bancorp (ONB) reported record-breaking third-quarter results for 2026, highlighted by an adjusted EPS of $0.66 and net income of $250 million. The company's performance was driven by disciplined loan growth and strong deposit increases, with total deposits reaching $57.6 billion. Despite these records, the Net Interest Margin (NIM) saw a slight decline of 2 basis points due to rising funding costs. While profitability remains high with a return on average tangible common equity of 19.6%, management issued cautious guidance regarding full-year net interest income, expecting it to land at the lower end of previous ranges due to yield curve dynamics. However, the company maintained its full-year EPS growth guidance of 15% or more and continues to execute a share repurchase program, with $177 million remaining in its authorization.
Topics: deposit growth earnings report loan growth net income net interest margin