Old National Bancorp Stock Earnings Reports

Old National reported strong 3Q25 results, beating expectations and delivering adjusted EPS of $0.59 (up 28% YoY). Key financial highlights include a 20% adjusted ROTACE, >1.3% ROA, sub-50% efficiency ratio (adjusted), tangible book value growth, and CET1 above 11% with meaningful capital generation. The Bremer integration completed its systems conversion and rebranded branches; merger-related charges (~$70M in 3Q and ~$50M expected in 4Q) were absorbed while the company repurchased 1.1M shares late in the quarter. Loan growth was supported by legacy pipelines (legacy pipeline up ~40% YoY) while Bremer-related payoffs and targeted portfolio trimming caused modest runoff (~$200M in 3Q). Core deposit growth remained strong (non-interest bearing deposits ~24% of core), brokered deposits remain modest (~5.8% of total). NII/NIM expanded in the quarter driven by full-quarter Bremer impact and asset repricing; guidance expects NII stable-to-improving into 2026 assuming modest rate cuts and curve dynamics. Credit trends were benign: criticized and classified loans declined 6% (~$223M), delinquencies improved, total net charge-offs were ~25 bps (17 bps ex-PCD), and the ALLL was ~126 bps of loans. Management emphasized a focus on organic growth, disciplined capital management, opportunistic buybacks, continued investment in talent, and confidence that credit is stable-to-improving.