Old National Bancorp Stock Earnings Reports

Old National reported a record second quarter driven by strong organic loan growth, broad-based fee income, disciplined expense management and stable credit. Key financial highlights: adjusted EPS of $0.65 (record), adjusted ROA 1.39%, adjusted ROTCE ~20%, tangible book value per share up ~14% year-over-year, CET1 ~11.09%, and a record adjusted efficiency ratio of 45.2%. Loans grew ~8% annualized with $3.5 billion commercial production and a record $5.6 billion commercial pipeline. Fee income outperformed guidance with strength across wealth, investments, mortgage and capital markets. Credit remained stable with improving nonaccruals and controlled charge-offs; allowance coverage held steady. The company returned $163 million to shareholders in the quarter (dividends + buybacks) and repurchased $107 million of stock, with $277 million remaining under the program. Management raised full-year loan growth guidance to 6–8% and increased noninterest income guidance while keeping expense, credit and tax outlooks unchanged. They expect NII growth over 2026 supported by asset growth, deposit discipline and earning-asset remix opportunities, and plan to opportunistically use remaining buyback authorization through Feb 2027. Overall message: strong organic execution, diversified fee growth, continued capital returns, and confidence in balanced, disciplined capital allocation without relying on M&A.