Old National Bancorp Stock Earnings Reports

Old National reported a better-than-expected 1Q26 with strong organic loan growth, controlled expenses, robust fee income and stable credit. Key financials: GAAP EPS $0.59 (adjusted $0.61), loan growth annualized ~8% (C&I up ~16.9% annualized), deposits up 4.2% annualized, loan-to-deposit ~89%, CET1 >11%, and adjusted efficiency ratio a record low ~46%. Management repurchased 3.9 million shares in the quarter and returned $151 million to shareholders, with $383 million remaining under the buyback authorization. Pipelines are at record levels (~$5.5 billion, +14% from year-end), supporting management’s unchanged 2026 guidance: loan growth 4–6% (likely toward the high end), stable-to-improving NII/NIM over the year, fee income toward the high end of guidance, controlled expenses (but investment in talent/AI to continue), and an expectation of 15%+ EPS growth for the year. Credit remains sound: NCOs were modest (26 bps; 19 bps ex‑PCD), allowance ~1.22% of loans including unfunded commitments; modest uptick in criticized/classified loans driven by merger-related portfolio alignment. Management highlighted balance-sheet positioning neutral to short-term rates, disciplined deposit funding strategy, ongoing investments in commercial leadership and AI to drive efficiency, and that they currently prefer organic growth and capital returns over acquisitions.