Old National Bancorp functions as the parent company for Old National Bank, furnishing a wide array of financial services to both individual ...
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$0.57 per share
$0.57 per share
Est. EPS $0.66 · Revenue $733.14M · 7 analysts
Est. EPS $0.68 · Revenue $746.19M · 7 analysts
EPS $0.44 · Revenue $724.19M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $3.7B | +25.5% | +0.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $669.3M | +24.1% | +8.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +63.6% | +5.9% | +0.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +23.6% | +2.4% | +9.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +18.0% | -1.1% | +7.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $637.4M | +7.7% | +51.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +17.2% | -14.2% | +50.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 87.7% | +2.8% | +6.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.04x | -80.6% | +689.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $72.2B | +34.7% | +1.6% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.79 vs 2.16 | -17.3% | 0.67 vs 0.63 | +7.1% |
| Revenue Surprise | $3.7B vs $2.5B | +46.0% | $1.0B vs $716.3M | +40.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Schoettlin Kathy A | officer: CHIEF COMMUNICATIONS OFFICER | Common Stock | — | 0 | — |
| Aug 12, 2026 | Schoettlin Kathy A | officer: CHIEF COMMUNICATIONS OFFICER | Common Stock | — | 0 | — |
| Aug 12, 2026 | Ellspermann Caroline J | officer: CHIEF PEOPLE OFFICER | Common Stock | — | 0 | — |
| Aug 12, 2026 | Ellspermann Caroline J | officer: CHIEF PEOPLE OFFICER | Common Stock | — | 0 | — |
| Aug 12, 2026 | Ellspermann Caroline J | officer: CHIEF PEOPLE OFFICER | Common Stock | — | 0 | — |
Operator: Welcome to the Old National Bancorp Second Quarter Earnings Conference Call. This call is being recorded and has been made accessible to the public in accordance with the SEC's Regulation FD. The audio webcast and corresponding presentation slides can be found on the Investor Relations page at oldnational.com and will be archived there for 12 months. Management would like to remind everyone that certain statements on today's call may be forward-looking in nature and are subject to certain risks, uncertainties and other factors that could cause actual results or outcomes to differ from those discussed. The company refers you to its forward-looking statement legend in the earnings release and presentation slides. The company's risk factors are fully disclosed and discussed within its SEC filings. In addition, certain slides contain non-GAAP measures, which management believes provide more appropriate comparisons. These non-GAAP measures are intended to assist investors' understanding of performance trends. Reconciliations for these numbers are contained within the appendix of the presentation. I'd now like to turn the call over to Old National's Chairman and CEO, Jim Ryan, for opening remarks. Mr. Ryan? James Ryan: Good morning. Earlier today, Old National reported record second quarter results for 2026. In short, this was an exceptional quarter for Old National. We achieved record adjusted EPS along with record net income and a record efficiency ratio. We also generated approximately a 20% adjusted return on average tangible common equity and adjusted ROA of 1.39% and continue to produce strong profitable growth across our company. These results show what happens when we stay focused on the fundamentals, growing high-quality relationships, maintaining disciplined credit and expense management, investing in talent and technology and building tangible book value over time. The strength of our franchise was clear throughout the quarter. End-of-period loans increased by $1 billion or 8% annualized, driven by robust high-quality commercial production. Commercial production reached $3.5 billion, and our period-end commercial pipeline hit a new record of $5.6 billion. We remain actively focused on winning new business where we can develop full relationships, meet our return expectations and maintain the strong credit profile that has long been a hallmark of Old National. Fee income was another bright spot. We experienced broad-based strength across all fee businesses. This diversification is intentional. As we grow, we are building a stronger, more balanced earnings engine that is less reliant on net interest income. We also continue to demonstrate strong operational discipline. We delivered record GAAP and adjusted efficiency ratios with the adjusted ratio at 45.2%, marking our seventh straight quarter of positive year-over-year operating leverage. We are investing in technology, AI and process improvements to make Old National more …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
James C. Ryan | Chief Executive Officer & Chairman | USD 3,583,291 | Male | 1972 | Active |
Timothy Burke Jr. | President & Chief Operating Officer | USD 1,818,490 | Male | — | Active |
John Vincent Moran | Senior Executive Vice President & Chief Financial Officer | USD 1,367,624 | Male | 1976 | Active |
Kendra L. Vanzo | Senior EVP & Chief Administrative Officer | USD 1,026,050 | Female | 1967 | Active |
Angela L. Putnam | Senior Vice President & Chief Accounting Officer | — | Female | 1979 | Active |
Lynell Durchholz | Senior Vice President & Director of Investor Relations | — | — | — | Active |
James V. Stadler | Chief Marketing Officer | — | Male | 1964 | Active |
Nicholas J. Chulos | Executive Vice President, Chief Legal Officer & Corporate Secretary | — | Male | 1960 | Active |
Matthew T. Keen | Chief Information Officer | — | Male | 1974 | Active |
Kathy A. Schoettlin | Chief Communications, Culture & Social Responsibility Officer | — | Female | 1971 | Active |
California State Teachers Retirement System increased its stake in shares of Old National Bancorp (NASDAQ: ONB) by 26.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 421,234 shares of the bank's stock after purchasing an additional 89,059 shares during the
Old National Bancorp is rated Buy with a $30 price target, reflecting a shift from M&A to a durable organic growth model. Q2 delivered record efficiency (45.2%), 13% YoY revenue growth, and a raised loan growth outlook to 6%-8% YoY, underpinned by a $5.6B pipeline. ONB's TBV per share compounded 14% YoY while returning $163M to shareholders, and the forward P/E of 10x undervalues its ROTCE profile.
Shares of Old National Bancorp (NASDAQ: ONB - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twelve analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average
Old National Bancorp (NASDAQ: ONB) reported what management described as a record second quarter for 2026, citing strong loan growth, fee income gains, expense control and continued capital returns to shareholders. Chairman and CEO Jim Ryan said the quarter reflected "an exceptional" performance for the company, including record adjusted earnings per share, record net income and
Old National Bancorp delivered a strong Q2, with record net income of $249.4M and adjusted EPS beating consensus by $0.02. ONB posted robust 8.3% annualized loan growth, a stable net interest margin at 3.54%, and a record commercial lending pipeline of $5.6B. Credit quality remains excellent, with net charge-offs flat at 0.26% and nonaccrual loans improving to 0.91%; the efficiency ratio hit a record 45.2%.
