Old National Bancorp reported second-quarter 2026 results with revenue of $732.6M and diluted EPS of $0.65, driven by loan growth and higher fee income; net income applicable to common shareholders was $249.4M, up sharply from the year-ago quarter.
Financial Highlights
- Revenue was $732.6M (Net interest income $579.0M + noninterest income $153.6M) for 2Q 2026.
- Net income was $249.4M for 2Q 2026, compared with $121.4M in 2Q 2025; YoY change 105.5%.
- Diluted EPS was $0.65 for 2Q 2026, compared with $0.34 in 2Q 2025; YoY change 91.2%.
Business Highlights
- Loan growth: Strong commercial loan origination increased total loans to $50.8B, reflecting disciplined production and balance sheet expansion.
- Deposit and retail momentum: Period-end deposits rose to $56.1B, supported by organic growth and stable core deposit pricing.
- Revenue mix shift: Net interest income and fee income increased due to loan-driven NII growth and higher wealth, deposit and capital markets fees.
- Operational integration: Integration of the Bremer acquisition completed, adding loans and securities, elevating fee income and increasing amortization of intangibles.
- Credit and expense discipline: Credit quality remained strong with declining nonperforming assets and controlled operating expenses excluding merger items.
Original SEC Filing:
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