Track market-moving stories before they get noisy

Old National Bancorp is upgraded from Hold to a soft Buy as valuation becomes appealing and asset quality strengthens. ONB's organic deposit and loan growth, especially in commercial real estate, signals healthy expansion post-acquisitions. Cost-cutting measures have driven net income growth, despite a decline in net interest margin and some non-interest income categories.

Old National Bancorp (ONB) Q3 2026 Earnings Call October 21, 2026 10:00 AM EDT

Company Participants

James Ryan - CEO & Chairman
John Moran - Senior Executive VP & CFO
Timothy Burke - President & COO

Conference Call Participants

Daniel Tamayo - Raymond James & Associates, Inc., Research Division
David Chiaverini - Jefferies LLC, Research Division
Brendan Nosal - Hovde Group, LLC, Research Division
Brandon Rud - Stephens Inc., Research Division
Brian Foran - Truist Securities, Inc., Research Division
Nathan Race - Piper Sandler & Co., Research Division
Sun Young Lee - TD Cowen, Research Division
Timur Braziler - UBS Investment Bank, Research Division
Jon Arfstrom - RBC Capital Markets, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
Jared David Shaw - Barclays Bank PLC, Research Division
Anthony Elian - JPMorgan Chase & Co, Research Division
Terence McEvoy - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Welcome to the Old National Bancorp Third 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 this presentation.

Old National Bancorp (ONB - Free Report) came out with quarterly earnings of $0.66 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this holding company for Old National Bank would post earnings of $0.62 per share when it actually produced earnings of $0.65, delivering a surprise of +4.84%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Old National Bancorp, which belongs to the Zacks Banks - Midwest industry, posted revenues of $720.4 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 2.11%. This compares to year-ago revenues of $713.04 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Old National Bancorp shares have added about 13.6% since the beginning of the year versus the S&P 500's gain of 12.7%.

What's Next for Old National Bancorp?While Old National Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Old National Bancorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.68 on $746.53 million in revenues for the coming quarter and $2.60 on $2.91 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Farmers National Banc (FMNB - Free Report) , is yet to report results for the quarter ended September 2026.

This bank is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of -2.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Farmers National Banc's revenues are expected to be $70.63 million, up 48% from the year-ago quarter.

EVANSVILLE, Ind., Oct. 21, 2026 (GLOBE NEWSWIRE) --

Old National Bancorp (NASDAQ: ONB) reports 3Q26 net income applicable to common shares of $250.0 million, diluted EPS of $0.66; $249.7 million and $0.66 on an adjusted1 basis, respectively.  CEO COMMENTARY:

"With our strong 3rd quarter results, highlighted by record net income, a record efficiency ratio, and growth in both deposits and loans, Old National continues to demonstrate the strength and consistency of our operating model," said Chairman and CEO Jim Ryan. "Our disciplined focus on fundamentals continues to drive profitable growth, positive operating leverage, and meaningful value creation for our shareholders. As we look ahead, we remain very well positioned to build on this momentum and capitalize on opportunities across our growing franchise."  THIRD QUARTER HIGHLIGHTS2: Net Income Record net income applicable to common shares of $250.0 million; adjusted net income applicable to common shares1 of $249.7 millionEarnings per diluted common share ("EPS") of $0.66; record adjusted EPS1 of $0.66 Net Interest Income/NIM Net interest income on a fully taxable equivalent basis1 of $592.0 millionNet interest margin on a fully taxable equivalent basis1 ("NIM") of 3.52%, down 2 basis points ("bps") Operating Performance Pre-provision net revenue1 ("PPNR") of $365.0 million; adjusted PPNR1 of $364.8 millionNoninterest expense of $355.4 million; adjusted noninterest expense1 of $354.7 millionRecord efficiency ratio1 of 46.1%; record adjusted efficiency ratio1 of 44.9% Deposits and Funding Period-end total deposits of $57.6 billion, up 10.6% annualizedGranular low-cost deposit franchise; total deposit costs of 179 bps, up 8 bps; interest-bearing deposit costs of 231 bps, up 8 bps Loans and Credit Quality End-of-period total loans3 of $51.2 billion, up $362.3 million or 2.9% annualizedProvision for credit losses4 ("provision") of $33.6 millionNet charge-offs of $34.1 million, or 27 bps of average loans; 24 bps of average loans excluding purchased credit deteriorated ("PCD") loans that had an allowance at acquisition30+ day delinquencies of 0.25% and nonaccrual loans of 0.92% of total loans Return Profile & Capital Return on average tangible common equity1 ("ROATCE") of 19.6%; adjusted ROATCE1 of 19.6%Preliminary regulatory Tier 1 common equity to risk-weighted assets of 11.11%, up 2 bpsRepurchased $100 million, or 3.9 million shares, of common stock during the quarter Notable Items $0.9 million of pre-tax pension gain5$0.7 million of pre-tax merger-related charges    1 Non-GAAP financial measure that management believes is useful in evaluating the financial results of the Company – refer to the Non-GAAP reconciliations contained in this release     2 Comparisons are on a linked-quarter basis, unless otherwise noted     3 Includes loans held-for-sale     4 Includes the provision for unfunded commitments     5 Includes a gain associated with the settlement of the Bremer pension plan

RESULTS OF OPERATIONS2
Old National Bancorp reported record third quarter 2026 net income applicable to common shares of $250.0 million, or $0.66 per diluted common share.

Included in third quarter results was a $0.9 million pre-tax gain associated with the settlement of the Bremer pension plan and pre-tax charges of $0.7 million for merger-related expenses. Excluding these items and realized debt securities gains from the current quarter net of tax, adjusted net income1 was $249.7 million, or $0.66 per diluted common share.

DEPOSITS AND FUNDING
Increases in business and public funds.

Period-end total deposits were $57.6 billion, up 10.6% annualized.On average, total deposits for the third quarter were $56.9 billion, an increase of $1.3 billion.Granular low-cost deposit franchise; total deposit costs of 179 bps, up 8 bps.A loan to deposit ratio of 89%, combined with existing funding sources, provides strong liquidity. LOANS
Loan growth driven by high quality commercial loan production.

Period-end total loans3 were $51.2 billion, up $362.3 million or 2.9% annualized, including commercial and industrial growth of $148.0 million, as well as commercial real estate growth of $157.3 million.Period-end commercial pipeline totaled $4.4 billion, down 20% from record levels at the end of the second quarter and up 6% from a year ago.Average total loans in the third quarter were $51.1 billion, up 7.8% annualized. CREDIT QUALITY
Credit quality remains stable.

Provision4 expense was $33.6 million compared to $36.2 million.Net charge-offs were $34.1 million, or 27 bps of average loans, compared to 26 bps. Excluding PCD loans that had an allowance for credit losses established at acquisition, net charge-offs to average loans were 24 bps compared to 22 bps. 30+ day delinquencies as a percentage of loans were 0.25% compared to 0.29%.Nonaccrual loans as a percentage of total loans were 0.92% compared to 0.91%.The allowance for credit losses, including the allowance for credit losses on unfunded loan commitments, stood at $611.5 million, or 1.20% of total loans, compared to $612.0 million, or 1.21% of total loans. NET INTEREST INCOME AND MARGIN
Earning asset growth and favorable rate/volume mix more than offset higher deposit costs.

Net interest income on a fully taxable equivalent basis1 increased to $592.0 million compared to $586.5 million, driven by high quality loan and deposit growth, partly offset by core deposit pricing and funding mix.Net interest margin on a fully taxable equivalent basis1 decreased 2 bps to 3.52%.Cost of total deposits was 1.79%, increasing 8 bps and the cost of total interest-bearing deposits increased 8 bps to 2.31%. NONINTEREST INCOME
Bank and wealth fees remained resilient as other income normalized from elevated second quarter levels.

Total noninterest income was $128.4 million compared to $153.6 million, or $127.5 million compared to $140.4 million excluding pre-tax gains associated with the settlement of the Bremer pension plan.Excluding the pension plan gains5 and realized debt securities gains, noninterest income was down 9.1% driven by approximately $10 million of elevated other income in the second quarter of 2026 due to market value adjustments, higher company-owned life insurance income and an asset recovery. NONINTEREST EXPENSE
Disciplined expense management drives record adjusted efficiency ratio.

Noninterest expense was $355.4 million and included $0.7 million of merger-related charges.Excluding merger related charges, adjusted noninterest expense1 decreased to $354.7 million, compared to $360.1 million.The efficiency ratio1 was a record at 46.1%, while the adjusted efficiency ratio1 was a record at 44.9% compared to 47.0% and 45.2%, respectively. INCOME TAXES

Income tax expense was $69.8 million, resulting in an effective tax rate of 21.6% compared to 21.8%. On an adjusted fully taxable equivalent ("FTE") basis1, the effective tax rate was 23.4% compared to 23.0%.Income tax expense included $9.5 million of tax credit benefit compared to $9.9 million. CAPITAL
CET1 held at 11.11% while funding earning asset growth and returning $155 million to shareholders.

Preliminary total risk-based capital down 6 bps to 13.59% and preliminary regulatory Tier 1 capital up 1 bps to 11.54%, as growth in loans and share repurchases is partly offset by strong retained earnings.Tangible common equity to tangible assets was 7.28% compared to 7.68%, driven by the $391 million impact of rates on other comprehensive income.The Company repurchased $100 million of common stock and paid $55 million of quarterly common stock cash dividends during the quarter resulting in a combined payout ratio of 62%. CONFERENCE CALL AND WEBCAST
Old National will host a conference call and live webcast at 9:00 a.m. Central Time on Wednesday, October 21, 2026, to review third quarter financial results. To listen to the live conference call, dial U.S./International (833) 461-5787, meeting ID 244 307 806. The live audio webcast link and corresponding presentation slides will be available on the Company’s Investor Relations website at oldnational.com and the webcast replay will be available approximately two hours after completion of the call until midnight ET on October 21, 2027.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $74 billion of assets and $41 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2026, Points of Light named Old National one of "The Civic 50" for the third consecutive year – an honor recognizing the 50 most community-minded companies in the United States – and also named Old National the Financials Sector Leader among nominated banks and financial services organizations.

USE OF NON-GAAP FINANCIAL MEASURES
The Company's accounting and reporting policies conform to U.S. generally accepted accounting principles ("GAAP") and general practices within the banking industry. As a supplement to GAAP, the Company provides non-GAAP performance results, which the Company believes are useful because they assist investors in assessing the Company's operating performance. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables at the end of this release.

The Company presents EPS, the efficiency ratio, return on average common equity, return on average tangible common equity, pre-provision net revenue and net income applicable to common shares, all adjusted for certain notable items. These items include a pension plan gain/loss, merger-related charges associated with completed and pending acquisitions, realized debt securities gains/losses, distribution of excess pension assets expense, FDIC special assessment expense, and CECL Day 1 non-PCD provision expense. Management believes excluding these items from EPS, the efficiency ratio, return on average common equity, and return on average tangible common equity may be useful in assessing the Company's underlying operational performance since these items do not pertain to its core business operations and their exclusion may facilitate better comparability between periods. Management believes that excluding merger-related charges from these metrics may be useful to the Company, as well as analysts and investors, since these expenses can vary significantly based on the size, type, and structure of each acquisition. Additionally, management believes excluding these items from these metrics may enhance comparability for peer comparison purposes.

Income tax expense, provision for credit losses, and the certain notable items listed above are excluded from the calculation of pre-provision net revenues, adjusted due to the fluctuation in income before income tax and the level of provision for credit losses required. Management believes adjusted pre-provision net revenues may be useful in assessing the Company's underlying operating performance and their exclusion may facilitate better comparability between periods and for peer comparison purposes.

The Company presents adjusted noninterest expense, which excludes merger-related charges associated with completed and pending acquisitions, distribution of excess pension assets expense, and FDIC special assessment expense, as well as adjusted noninterest income, which excludes a pension plan gain/loss and realized debt securities gains/losses. Management believes that excluding these items from noninterest expense and noninterest income may be useful in assessing the Company’s underlying operational performance as these items either do not pertain to its core business operations or their exclusion may facilitate better comparability between periods and for peer comparison purposes.

The tax-equivalent adjustment to net interest income and net interest margin recognizes the income tax savings when comparing taxable and tax-exempt assets. Interest income and yields on tax-exempt securities and loans are presented using the current federal income tax rate of 21%. Management believes that it is standard practice in the banking industry to present net interest income and net interest margin on a fully tax-equivalent basis and that it may enhance comparability for peer comparison purposes.

In management's view, tangible common equity measures are capital adequacy metrics that may be meaningful to the Company, as well as analysts and investors, in assessing the Company's use of equity and in facilitating comparisons with peers. These non-GAAP measures are valuable indicators of a financial institution's capital strength since they eliminate intangible assets from stockholders' equity and retain the effect of accumulated other comprehensive loss in stockholders' equity.

Although intended to enhance investors' understanding of the Company's business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. In addition, these non-GAAP financial measures may differ from those used by other financial institutions to assess their business and performance. See the following reconciliations in the "Non-GAAP Reconciliations" section for details on the calculation of these measures to the extent presented herein.

FORWARD-LOOKING STATEMENTS
This earnings release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements made by us that are not statements of historical fact and constitute forward‐looking statements within the meaning of the Act. These statements include, but are not limited to, descriptions of Old National’s financial condition, results of operations, asset and credit quality trends, profitability and business plans or opportunities. Forward-looking statements can be identified by the use of words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "guidance," "intend," "may," "outlook," "plan," "potential," "predict," "should," "would," and "will," and other words of similar meaning. These forward-looking statements express management’s current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those in such statements, including, but not limited to: competition; government legislation, regulations and policies, including trade and tariff policies; the ability of Old National to execute its business plan; unanticipated changes in our liquidity position, including but not limited to changes in our access to sources of liquidity and capital to address our liquidity needs; changes in economic conditions and economic and business uncertainty which could materially impact credit quality trends and the ability to generate loans and gather deposits; inflation and governmental responses to inflation, including increasing interest rates; market, economic, operational, liquidity, credit, and interest rate risks associated with our business; our ability to successfully manage our credit risk and the sufficiency of our allowance for credit losses; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, the success of revenue-generating and cost reduction initiatives, and the diversion of management’s attention from ongoing business operations and opportunities; failure or circumvention of our internal controls; operational risks or risk management failures by us or critical third parties, including without limitation with respect to data processing, information systems, cybersecurity, technological changes, vendor issues, business interruption, and fraud risks; significant changes in accounting, tax or regulatory practices or requirements; new legal obligations or liabilities; disruptive technologies in payment systems and other services traditionally provided by banks; failure or disruption of our information systems; computer hacking and other cybersecurity threats; the effects of climate change on Old National and its customers, borrowers, or service providers; the impacts of pandemics, epidemics and other infectious disease outbreaks; other matters discussed in this earnings release; and other factors identified in our Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the SEC. These forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Old National does not undertake an obligation to update these forward-looking statements to reflect events or conditions after the date of this earnings release. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC.

CONTACTS: Media: Scott ReinhardInvestors: Lynell Durchholz(612) 716-0304(812) [email protected]@oldnational.com           Financial Highlights (unaudited)($ and shares in thousands, except per share data)          Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30,  2026  2026  2026  2025  2025   2026  2025 Income Statement        Net interest income$584,287 $578,988 $572,573 $580,832 $574,609  $1,735,848 $1,477,042 FTE adjustment1,3 7,667  7,510  7,849  8,013  7,975   23,026  20,398 Net interest income - tax equivalent basis3 591,954  586,498  580,422  588,845  582,584   1,758,874  1,497,440 Provision for credit losses 33,580  36,206  34,946  32,745  26,738   104,732  164,976 Noninterest income 128,446  153,564  122,346  109,759  130,461   404,356  356,772 Noninterest expense 355,380  372,161  364,704  386,320  445,734   1,092,245  1,098,971 Net income applicable to common shareholders 249,960  249,381  229,638  212,589  178,533  $728,979  440,533 Per Common Share Data        Weighted average diluted shares 380,900  383,273  388,054  389,550  390,496   384,156  357,278 EPS, diluted$0.66 $0.65 $0.59 $0.55 $0.46  $1.90 $1.23 Cash dividends 0.145  0.145  0.145  0.140  0.140   0.44  0.42 Dividend payout ratio2 22% 22% 25% 25% 30%  23% 34%Book value$21.26 $21.80 $21.40 $21.17 $20.64  $21.26 $20.64 Stock price 24.64  25.90  22.10  22.31  21.95   24.64  21.95 Tangible book value3 13.77  14.32  13.93  13.71  13.15   13.77  13.15 Performance Ratios        ROAA 1.37% 1.38% 1.29% 1.21% 1.03%  1.35% 0.95%ROAE 12.0% 12.1% 11.1% 10.4% 9.0%  11.7% 8.3%ROATCE3 19.6% 19.8% 18.4% 17.8% 15.9%  19.3% 14.3%NIM (FTE)3 3.52% 3.54% 3.55% 3.65% 3.64%  3.53% 3.50%Efficiency ratio3 46.1% 47.0% 48.3% 51.6% 58.8%  47.1% 56.4%NCOs to average loans 0.27% 0.26% 0.26% 0.27% 0.25%  0.26% 0.24%ACL on loans to EOP loans 1.13% 1.14% 1.15% 1.17% 1.19%  1.13% 1.19%ACL4to EOP loans 1.20% 1.21% 1.22% 1.24% 1.26%  1.20% 1.26%Nonaccrual loans to EOP loans 0.92% 0.91% 1.03% 1.07% 1.23%  0.92% 1.23%Balance Sheet (EOP)        Total loans$51,148,063 $50,772,584 $49,731,844 $48,764,162 $47,967,915  $51,148,063 $47,967,915 Total assets 74,423,980  74,189,417  73,002,651  72,151,967  71,210,162   74,423,980  71,210,162 Total deposits 57,639,107  56,146,770  55,672,472  55,088,195  55,006,184   57,639,107  55,006,184 Total borrowed funds 7,134,231  8,423,983  7,823,198  7,451,367  6,766,381   7,134,231  6,766,381 Total shareholders' equity 8,295,211  8,583,843  8,510,653  8,494,788  8,309,271   8,295,211  8,309,271 Capital Ratios3        Risk-based capital ratios (EOP):        Tier 1 common equity 11.11% 11.09% 11.11% 11.08% 11.02%  11.11% 11.02%Tier 1 capital 11.54% 11.53% 11.56% 11.53% 11.49%  11.54% 11.49%Total capital 13.59% 13.65% 13.71% 12.85% 12.78%  13.59% 12.78%Leverage ratio (average assets) 8.98% 8.95% 8.93% 8.90% 8.72%  8.98% 8.72%Equity to assets (averages) 11.52% 11.61% 11.79% 11.73% 11.48%  11.64% 11.59%TCE to TA 7.28% 7.68% 7.67% 7.72% 7.53%  7.28% 7.53%Nonfinancial Data        Full-time equivalent employees 4,894  4,914  4,948  4,971  5,243   4,894  5,243 Banking centers 346  346  346  346  351   346  351 1Calculated using the federal statutory tax rate in effect of 21% for all periods.     2Cash dividends per common share divided by net income per common share (basic).     3Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.   4Includes the allowance for credit losses on loans and unfunded loan commitments.              September 30, 2026 capital ratios are preliminary.   FTE - Fully taxable equivalent basis  ROAA - Return on average assets  ROAE - Return on average equity  ROATCE - Return on average tangible common equity  NCOs - Net Charge-offs  ACL - Allowance for Credit Losses  EOP - End of period actual balances  TCE - Tangible common equity  TA - Tangible assets                 Income Statement (unaudited)($ and shares in thousands, except per share data) Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30,  2026  2026  2026  2025  2025   2026  2025 Interest income$916,830 $894,391 $877,391 $897,301 $917,192  $2,688,612 $2,372,552 Less:  interest expense 332,543  315,403  304,818  316,469  342,583   952,764  895,510 Net interest income 584,287  578,988  572,573  580,832  574,609   1,735,848  1,477,042 Provision for credit losses 33,580  36,206  34,946  32,745  26,738   104,732  164,976 Net interest income after provision for credit losses 550,707  542,782  537,627  548,087  547,871   1,631,116  1,312,066 Wealth and investment services fees 42,244  42,098  39,715  39,012  39,684   124,057  105,149 Service charges on deposit accounts 29,187  28,009  26,937  27,516  27,856   84,133  72,890 Debit card and ATM fees 13,325  13,092  12,038  13,178  13,197   38,455  36,110 Mortgage banking revenue 8,966  11,163  9,554  11,053  10,442   29,683  27,353 Capital markets income 12,348  12,329  11,016  13,080  12,629   35,693  24,249 Company-owned life insurance 7,326  8,531  7,561  7,099  7,565   23,418  19,571 Other income 15,045  38,376  15,450  (1,252) 19,081   68,871  71,560 Debt securities gains (losses), net 5  (34) 75  73  7   46  (110)Total noninterest income 128,446  153,564  122,346  109,759  130,461   404,356  356,772 Salaries and employee benefits 180,018  184,765  184,073  187,251  211,345   548,856  561,762 Occupancy 34,784  33,452  36,995  35,243  34,442   105,231  93,927 Equipment 11,326  11,077  12,075  14,184  12,703   34,478  34,170 Marketing 16,462  15,601  16,434  14,418  15,093   48,497  40,792 Technology 27,529  29,630  29,025  30,882  36,122   86,184  89,594 Communication 6,323  6,130  6,196  6,726  7,742   18,649  16,890 Professional fees 12,260  10,735  12,356  18,454  13,598   35,351  43,448 FDIC assessment 13,243  13,592  13,756  11,190  14,095   40,591  37,204 Amortization of intangibles 23,331  23,992  25,623  26,016  26,184   72,946  52,644 Amortization of tax credit investments 8,131  7,807  7,111  9,822  7,057   23,049  16,296 Other expense 21,973  35,380  21,060  32,134  67,353   78,413  112,244 Total noninterest expense 355,380  372,161  364,704  386,320  445,734   1,092,245  1,098,971 Income before income taxes 323,773  324,185  295,269  271,526  232,598   943,227  569,867 Income tax expense 69,779  70,771  61,597  54,903  50,031   202,147  117,233 Net income$253,994 $253,414 $233,672 $216,623 $182,567  $741,080 $452,634 Preferred dividends (4,034) (4,033) (4,034) (4,034) (4,034)  (12,101) (12,101)Net income applicable to common shares$249,960 $249,381 $229,638 $212,589 $178,533  $728,979 $440,533          EPS, diluted$0.66 $0.65 $0.59 $0.55 $0.46  $1.90 $1.23 Weighted Average Common Shares Outstanding        Basic 379,250  381,864  385,849  387,862  389,038   382,297  355,307 Diluted 380,900  383,273  388,054  389,550  390,496   384,156  357,278 (EOP) 378,639  382,537  386,315  389,662  390,768   378,639  390,768                     End of Period Balance Sheet (unaudited)($ in thousands) September 30,June 30,March 31,December 31,September 30,  2026  2026  2026  2025  2025 Assets     Cash and due from banks$507,214 $588,654 $537,322 $591,645 $491,910 Money market and other interest-earning investments 1,171,814  1,179,526  1,216,826  1,234,532  1,190,707 Investments:     Treasury and government-sponsored agencies 2,312,713  2,358,509  2,371,903  2,427,371  2,402,375 Mortgage-backed securities 10,275,345  10,460,468  10,295,623  10,078,358  10,117,015 States and political subdivisions 1,393,309  1,442,703  1,454,444  1,570,888  1,579,802 Other securities 814,729  821,719  814,990  825,761  849,911 Total investments 14,796,096  15,083,399  14,936,960  14,902,378  14,949,103 Loans held-for-sale, at fair value 30,456  43,608  56,128  52,911  80,341 Loans:     Commercial 16,260,724  16,112,685  15,617,656  14,983,861  14,506,375 Commercial real estate 22,692,502  22,535,229  22,192,900  22,050,007  22,083,734 Residential real estate 8,770,515  8,760,832  8,621,409  8,467,496  8,190,127 Consumer 3,424,322  3,363,838  3,299,879  3,262,798  3,187,679 Total loans 51,148,063  50,772,584  49,731,844  48,764,162  47,967,915 Allowance for credit losses on loans (579,658) (580,511) (574,358) (569,520) (572,178)Premises and equipment, net 674,192  682,065  690,400  690,824  691,950 Goodwill and other intangible assets 2,839,096  2,862,427  2,886,419  2,907,986  2,926,960 Company-owned life insurance 1,058,220  1,053,333  1,054,824  1,051,009  1,044,780 Accrued interest receivable and other assets 2,778,487  2,504,332  2,466,286  2,526,040  2,438,674 Total assets$74,423,980 $74,189,417 $73,002,651 $72,151,967 $71,210,162       Liabilities and Equity     Noninterest-bearing demand deposits$12,847,561 $12,665,278 $12,927,096 $13,247,483 $12,691,658 Interest-bearing:     Checking and NOW accounts 11,177,144  11,129,286  10,969,731  10,740,919  11,162,121 Savings accounts 4,812,222  4,924,639  4,985,949  4,909,138  4,958,555 Money market accounts 17,949,816  16,936,441  16,871,237  16,529,631  17,032,446 Time deposits 10,852,364  10,491,126  9,918,459  9,661,024  9,161,404 Total deposits 57,639,107  56,146,770  55,672,472  55,088,195  55,006,184       Federal funds purchased and interbank borrowings 484  250,389  200,583  100,197  1 Securities sold under agreements to repurchase 240,698  265,301  264,518  261,366  277,594 Federal Home Loan Bank advances 5,484,611  6,520,296  6,026,801  6,237,375  5,663,361 Other borrowings 1,408,438  1,387,997  1,331,296  852,429  825,425 Total borrowed funds 7,134,231  8,423,983  7,823,198  7,451,367  6,766,381 Accrued expenses and other liabilities 1,355,431  1,034,821  996,328  1,117,617  1,128,326 Total liabilities 66,128,769  65,605,574  64,491,998  63,657,179  62,900,891 Preferred stock, common stock, surplus, and retained earnings 9,244,597  9,141,984  9,053,907  8,973,459  8,833,662 Accumulated other comprehensive income (loss), net of tax (949,386) (558,141) (543,254) (478,671) (524,391)Total shareholders' equity 8,295,211  8,583,843  8,510,653  8,494,788  8,309,271 Total liabilities and shareholders' equity$74,423,980 $74,189,417 $73,002,651 $72,151,967 $71,210,162                 Average Balance Sheet and Interest Rates (unaudited)($ in thousands)                            Three Months Ended Three Months Ended Three Months Ended  September 30, 2026 June 30, 2026 September 30, 2025  AverageIncome1/Yield/ AverageIncome1/Yield/ AverageIncome1/Yield/Earning Assets: BalanceExpenseRate BalanceExpenseRate BalanceExpenseRateMoney market and other interest-earning investments $1,170,557 $10,9793.72% $1,212,043 $11,1213.68% $1,159,564 $12,2074.18%Investments:            Treasury and government-sponsored agencies  2,358,480  19,3703.29%  2,349,871  18,9933.23%  2,391,564  20,7213.47%Mortgage-backed securities  10,479,035  114,3684.37%  10,428,343  111,1574.26%  9,854,107  105,5964.29%States and political subdivisions  1,417,175  11,8443.34%  1,450,389  12,0173.31%  1,577,384  13,1093.32%Other securities  824,408  12,4886.06%  828,774  12,3955.98%  874,728  16,2657.44%Total investments  15,079,098  158,0704.19%  15,057,377  154,5624.11%  14,697,783  155,6914.24%Loans:2            Commercial  16,207,022  248,7406.14%  15,792,290  238,6636.05%  14,722,785  249,5696.78%Commercial real estate  22,660,192  346,8406.12%  22,234,235  339,9256.12%  21,999,016  356,0146.47%Residential real estate loans  8,800,325  104,3784.74%  8,722,341  103,1624.73%  8,287,155  95,1294.59%Consumer  3,383,853  55,4906.51%  3,323,663  54,4686.57%  3,166,508  56,5577.09%Total loans  51,051,392  755,4485.92%  50,072,529  736,2185.88%  48,175,464  757,2696.28%             Total earning assets $67,301,047 $924,4975.49% $66,341,949 $901,9015.44% $64,032,811 $925,1675.78%             Less: Allowance for credit losses on loans  (592,670)    (580,550)    (566,102)               Non-earning Assets:            Cash and due from banks $526,400    $545,346    $492,415   Other assets  7,040,733     6,991,436     7,177,663                Total assets $74,275,510    $73,298,181    $71,136,787                Interest-Bearing Liabilities:            Checking and NOW accounts $11,217,310 $52,4841.86% $11,106,289 $47,3491.71% $10,807,113 $52,3011.92%Savings accounts  4,878,272  3,0710.25%  4,950,785  3,0320.25%  5,009,293  3,8660.31%Money market accounts  17,085,773  104,6432.43%  16,485,000  99,9032.43%  17,007,426  125,7172.93%Time deposits  10,831,986  96,4493.53%  10,145,661  87,2203.45%  9,337,597  90,7173.85%Total interest-bearing deposits  44,013,341  256,6472.31%  42,687,735  237,5042.23%  42,161,429  272,6012.57%             Federal funds purchased and interbank borrowings  9,668  903.69%  42,228  3913.71%  157,192  1,8164.58%Securities sold under agreements to repurchase  258,721  5770.88%  257,217  5610.87%  289,323  7311.00%Federal Home Loan Bank advances  6,068,074  59,2923.88%  6,561,147  61,7443.77%  5,552,780  57,1434.08%Other borrowings  1,449,183  15,9374.36%  1,360,976  15,2034.48%  871,996  10,2924.68%Total borrowed funds  7,785,646  75,8963.87%  8,221,568  77,8993.80%  6,871,291  69,9824.04%             Total interest-bearing liabilities $51,798,987 $332,5432.55% $50,909,303 $315,4032.48% $49,032,720 $342,5832.77%             Noninterest-Bearing Liabilities and Shareholders' Equity:           Demand deposits $12,837,453    $12,860,401    $12,731,654   Other liabilities  1,083,626     1,020,272     1,203,838   Shareholders' equity  8,555,444     8,508,205     8,168,575                Total liabilities and shareholders' equity $74,275,510    $73,298,181    $71,136,787                Net interest rate spread   2.94%   2.96%   3.01%             Net interest margin (GAAP)   3.47%   3.49%   3.59%             Net interest margin (FTE)3   3.52%   3.54%   3.64%             FTE adjustment  $7,667   $7,510   $7,975              1Interest income is reflected on a FTE basis. 2Includes loans held-for-sale. 3Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.             Average Balance Sheet and Interest Rates (unaudited)($ in thousands)                    Nine Months Ended Nine Months Ended  September 30, 2026 September 30, 2025  AverageIncome1/Yield/ AverageIncome1/Yield/Earning Assets: BalanceExpenseRate BalanceExpenseRateMoney market and other interest-earning investments $1,199,047 $33,0443.68% $1,126,460 $35,8134.25%Investments:        Treasury and government-sponsored agencies  2,375,485  57,4843.23%  2,369,307  61,5603.46%Mortgage-backed securities  10,392,449  332,9904.27%  8,249,480  247,8534.01%States and political subdivisions  1,463,885  36,4023.32%  1,594,912  39,7533.32%Other securities  830,985  38,2606.14%  872,430  42,5476.50%Total investments $15,062,804 $465,1364.12% $13,086,129 $391,7133.99%Loans:2        Commercial  15,771,532  720,8436.09%  12,803,059  634,6106.61%Commercial real estate  22,319,323  1,022,7136.11%  19,432,867  918,3716.30%Residential real estate loans  8,686,561  306,4934.70%  7,636,955  251,6294.39%Consumer  3,326,422  163,4096.57%  3,030,102  160,8147.10%Total loans  50,103,838  2,213,4585.89%  42,902,983  1,965,4246.11%         Total earning assets $66,365,689 $2,711,6385.45% $57,115,572 $2,392,9505.59%         Less: Allowance for credit losses on loans  (582,180)    (457,192)           Non-earning Assets:        Cash and due from banks $540,143    $430,891   Other assets  7,025,532     6,331,698            Total assets $73,349,184    $63,420,969            Interest-Bearing Liabilities:        Checking and NOW accounts $11,097,532 $146,1281.76% $9,512,075 $123,6271.74%Savings accounts  4,916,410  9,1140.25%  4,891,083  11,2510.31%Money market accounts  16,706,478  304,5022.44%  14,697,398  328,5332.99%Time deposits  10,246,260  267,7383.49%  8,215,063  239,7733.90%Total interest-bearing deposits  42,966,680  727,4822.26%  37,315,619  703,1842.52%         Federal funds purchased and interbank borrowings  18,532  5043.64%  131,341  4,3944.47%Securities sold under agreements to repurchase  258,927  1,7320.89%  286,137  1,9180.90%Federal Home Loan Bank advances  6,310,172  179,0883.79%  5,355,597  158,0813.95%Other borrowings  1,328,586  43,9584.42%  792,708  27,9334.71%Total borrowed funds  7,916,217  225,2823.80%  6,565,783  192,3263.92%         Total interest-bearing liabilities  50,882,897  952,7642.50%  43,881,402  895,5102.73%         Noninterest-Bearing Liabilities and Shareholders' Equity:       Demand deposits $12,862,492    $11,145,709   Other liabilities  1,067,798     1,041,715   Shareholders' equity  8,535,997     7,352,143            Total liabilities and shareholders' equity $73,349,184    $63,420,969            Net interest rate spread   2.95%   2.86%         Net interest margin (GAAP)   3.49%   3.45%         Net interest margin (FTE)3   3.53%   3.50%         FTE adjustment  $23,026   $20,398          1Interest income is reflected on a FTE.2Includes loans held-for-sale.        3Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.               Asset Quality (EOP) (unaudited)($ in thousands)          Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30,  2026  2026  2026  2025  2025   2026  2025 Allowance for credit losses:        Beginning allowance for credit losses on loans$580,511 $574,358 $569,520 $572,178 $565,109  $569,520 $392,522 Allowance established for acquired PCD loans —  —  —  —  13,104   —  103,546 Provision for credit losses on loans 33,237  38,400  36,854  29,450  24,003   108,491  154,292 Gross charge-offs (48,275) (41,540) (37,307) (35,131) (35,402)  (127,122) (89,896)Gross recoveries 14,185  9,293  5,291  3,023  5,364   28,769  11,714 NCOs (34,090) (32,247) (32,016) (32,108) (30,038)  (98,353) (78,182)Ending allowance for credit losses on loans$579,658 $580,511 $574,358 $569,520 $572,178  $579,658 $572,178 Beginning allowance for credit losses on unfunded commitments$31,531 $33,725 $35,633 $32,338 $29,603  $35,633 $21,654 Provision (release) for credit losses on unfunded commitments 343  (2,194) (1,908) 3,295  2,735   (3,759) 10,684 Ending allowance for credit losses on unfunded commitments$31,874 $31,531 $33,725 $35,633 $32,338  $31,874 $32,338 Allowance for credit losses$611,532 $612,042 $608,083 $605,153 $604,516  $611,532 $604,516 Provision for credit losses on loans$33,237 $38,400 $36,854 $29,450 $24,003  $108,491 $154,292 Provision (release) for credit losses on unfunded commitments 343  (2,194) (1,908) 3,295  2,735   (3,759) 10,684 Provision for credit losses$33,580 $36,206 $34,946 $32,745 $26,738  $104,732 $164,976 NCOs / average loans1 0.27% 0.26% 0.26% 0.27% 0.25%  0.26% 0.24%Average loans1$51,040,909 $50,062,552 $49,157,096 $48,199,086 $48,153,186  $50,093,753 $42,881,049 EOP loans1 51,148,063  50,772,584  49,731,844  48,764,162  47,967,915   51,148,063  47,967,915 ACL on loans / EOP loans1 1.13% 1.14% 1.15% 1.17% 1.19%  1.13% 1.19%ACL / EOP loans1 1.20% 1.21% 1.22% 1.24% 1.26%  1.20% 1.26%Underperforming Assets:        Loans 90 days and over (still accruing)$4,079 $6,832 $4,407 $2,691 $1,525  $4,079 $1,525 Nonaccrual loans 470,196  461,702  511,959  521,245  590,820   470,196  590,820 Foreclosed assets 2,885  3,374  5,786  6,235  6,325   2,885  6,325 Total underperforming assets$477,160 $471,908 $522,152 $530,171 $598,670  $477,160 $598,670 Classified and Criticized Assets:        Nonaccrual loans$470,196 $461,702 $511,959 $521,245 $590,820  $470,196 $590,820 Substandard loans (still accruing) 1,737,688  1,918,721  1,881,374  1,759,221  1,881,294   1,737,688  1,881,294 Loans 90 days and over (still accruing) 4,079  6,832  4,407  2,691  1,525   4,079  1,525 Total classified loans - "problem loans" 2,211,963  2,387,255  2,397,740  2,283,157  2,473,639   2,211,963  2,473,639 Other classified assets 6,861  7,960  20,620  20,616  35,373   6,861  35,373 Special Mention 608,806  705,154  804,028  805,901  893,109   608,806  893,109 Total classified and criticized assets$2,827,630 $3,100,369 $3,222,388 $3,109,674 $3,402,121  $2,827,630 $3,402,121 Loans 30-89 days past due (still accruing)$126,202 $140,428 $114,038 $105,632 $83,030  $126,202 $83,030 Nonaccrual loans / EOP loans1 0.92% 0.91% 1.03% 1.07% 1.23%  0.92% 1.23%ACL / nonaccrual loans 130% 133% 119% 116% 102%  130% 102%Under-performing assets/EOP loans1 0.93% 0.93% 1.05% 1.09% 1.25%  0.93% 1.25%Under-performing assets/EOP assets 0.64% 0.64% 0.72% 0.73% 0.84%  0.64% 0.84%30+ day delinquencies/EOP loans1 0.25% 0.29% 0.24% 0.22% 0.18%  0.25% 0.18%         1Excludes loans held-for-sale.                         Non-GAAP Measures (unaudited)($ and shares in thousands, except per share data)          Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30,  2026  2026  2026  2025  2025   2026  2025 Earnings Per Share:        Net income applicable to common shares$249,960 $249,381 $229,638 $212,589 $178,533  $728,979 $440,533 Adjustments:        Pension plan loss (gain) (893) (13,240) —  15,878  —   (14,133) (21,001)Tax effect1 160  2,890  —  (3,814) —   3,050  5,778 Pension plan loss (gain), net (733) (10,350) —  12,064  —   (11,083) (15,223)Merger-related charges 689  12,109  7,323  24,547  69,274   20,121  116,336 Tax effect1 (199) (792) (1,810) (5,896) (16,494)  (2,801) (28,921)Merger-related charges, net 490  11,317  5,513  18,651  52,780   17,320  87,415 Debt securities (gains) losses (5) 34  (75) (73) (7)  (46) 110 Tax effect1 1  (7) 19  18  2   12  (24)Debt securities (gains) losses, net (4) 27  (56) (55) (5)  (34) 86 Distribution of excess pension assets —  —  3,394  —  —   3,394  — Tax effect1 —  —  (839) —  —   (839) — Distribution of excess pension assets, net —  —  2,555  —  —   2,555  — FDIC special assessment —  —  —  (2,994) —   —  — Tax effect1 —  —  —  719  —   —  — FDIC special assessment, net —  —  —  (2,275) —   —  — CECL Day 1 non-PCD provision expense —  —  —  —  —   —  75,604 Tax effect1 —  —  —  —  —   —  (20,802)CECL Day 1 non-PCD provision expense, net —  —  —  —  —   —  54,802 Total adjustments, net (247) 994  8,012  28,385  52,775   8,758  127,080 Net income applicable to common shares, adjusted$249,713 $250,375 $237,650 $240,974 $231,308  $737,737 $567,613 Weighted average diluted common shares outstanding 380,900  383,273  388,054  389,550  390,496   384,156  357,278 EPS, diluted$0.66 $0.65 $0.59 $0.55 $0.46  $1.90 $1.23 Adjusted EPS, diluted$0.66 $0.65 $0.61 $0.62 $0.59  $1.92 $1.59 NIM:        Net interest income$584,287 $578,988 $572,573 $580,832 $574,609  $1,735,848 $1,477,042 Add: FTE adjustment2 7,667  7,510  7,849  8,013  7,975   23,026  20,398 Net interest income (FTE)$591,954 $586,498 $580,422 $588,845 $582,584  $1,758,874 $1,497,440 Average earning assets$67,301,047 $66,341,949 $65,433,548 $64,456,815 $64,032,811  $66,365,689 $57,115,572 NIM (GAAP) 3.47% 3.49% 3.50% 3.60% 3.59%  3.49% 3.45%NIM (FTE) 3.52% 3.54% 3.55% 3.65% 3.64%  3.53% 3.50%         Refer to last page of Non-GAAP reconciliations for footnotes.                         Non-GAAP Measures (unaudited)($ in thousands)          Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30,  2026  2026  2026  2025  2025   2026  2025 PPNR:        Net interest income (FTE)2$591,954 $586,498 $580,422 $588,845 $582,584  $1,758,874 $1,497,440 Add: Noninterest income 128,446  153,564  122,346  109,759  130,461   404,356  356,772 Total revenue (FTE) 720,400  740,062  702,768  698,604  713,045   2,163,230  1,854,212 Less: Noninterest expense (355,380) (372,161) (364,704) (386,320) (445,734)  (1,092,245) (1,098,971)PPNR$365,020 $367,901 $338,064 $312,284 $267,311  $1,070,985 $755,241 Adjustments:        Pension plan loss (gain)$(893)$(13,240)$— $15,878 $—  $(14,133)$(21,001)Debt securities (gains) losses (5) 34  (75) (73) (7)  (46) 110 Noninterest income adjustments (898) (13,206) (75) 15,805  (7)  (14,179) (20,891)Adjusted noninterest income 127,548  140,358  122,271  125,564  130,454   390,177  335,881 Adjusted revenue$719,502 $726,856 $702,693 $714,409 $713,038  $2,149,051 $1,833,321 Adjustments:        Merger-related charges$689 $12,109 $7,323 $24,547 $69,274  $20,121 $116,336 FDIC Special Assessment —  —  —  (2,994) —   —  — Distribution of excess pension assets —  —  3,394  —  —   3,394  — Noninterest expense adjustments 689  12,109  10,717  21,553  69,274   23,515  116,336 Adjusted total noninterest expense (354,691) (360,052) (353,987) (364,767) (376,460)  (1,068,730) (982,635)Adjusted PPNR$364,811 $366,804 $348,706 $349,642 $336,578  $1,080,321 $850,686 Efficiency Ratio:        Noninterest expense$355,380 $372,161 $364,704 $386,320 $445,734  $1,092,245 $1,098,971 Less: Amortization of intangibles (23,331) (23,992) (25,623) (26,016) (26,184)  (72,946) (52,644)Noninterest expense, excl. amortization of intangibles 332,049  348,169  339,081  360,304  419,550   1,019,299  1,046,327 Less: Amortization of tax credit investments (8,131) (7,807) (7,111) (9,822) (7,057)  (23,049) (16,296)Less: Noninterest expense adjustments (689) (12,109) (10,717) (21,553) (69,274)  (23,515) (116,336)Adjusted noninterest expense, excluding amortization$323,229 $328,253 $321,253 $328,929 $343,219  $972,735 $913,695 Total revenue (FTE)2$720,400 $740,062 $702,768 $698,604 $713,045  $2,163,230 $1,854,212 Less: Debt securities (gains) losses (5) 34  (75) (73) (7)  (46) 110 Less: Pension plan loss (gain) (893) (13,240) —  15,878  —   (14,133) (21,001)Total adjusted revenue$719,502 $726,856 $702,693 $714,409 $713,038  $2,149,051 $1,833,321 Efficiency Ratio 46.1% 47.0% 48.3% 51.6% 58.8%  47.1% 56.4%Adjusted Efficiency Ratio 44.9% 45.2% 45.7% 46.0% 48.1%  45.3% 49.8%         Refer to last page of Non-GAAP reconciliations for footnotes.                       Non-GAAP Measures (unaudited)($ in thousands)          Three Months Ended Nine Months Ended September 30,June 30,March 31,December 31,September 30, September 30,September 30,  2026  2026  2026  2025  2025   2026  2025 ROAE and ROATCE:        Net income applicable to common shares$249,960 $249,381 $229,638 $212,589 $178,533  $728,979 $440,533 Amortization of intangibles 23,331  23,992  25,623  26,016  26,184   72,946  52,644 Tax effect1 (5,833) (5,998) (6,406) (6,504) (6,546)  (18,237) (13,161)Amortization of intangibles, net 17,498  17,994  19,217  19,512  19,638   54,709  39,483 Net income applicable to common shares, excluding intangibles amortization 267,458  267,375  248,855  232,101  198,171   783,688  480,016 Total adjustments, net (see pg.12) (247) 994  8,012  28,385  52,775   8,758  127,080 Adjusted net income applicable to common shares, excluding intangibles amortization$267,211 $268,369 $256,867 $260,486 $250,946  $792,446 $607,096 Average shareholders' equity$8,555,444 $8,508,205 $8,544,220 $8,391,067 $8,168,575  $8,535,997 $7,352,143 Less: Average preferred equity (243,719) (243,719) (243,719) (243,719) (243,719)  (243,719) (243,719)Average shareholders' common equity$8,311,725 $8,264,486 $8,300,501 $8,147,348 $7,924,856  $8,292,278 $7,108,424 Average goodwill and other intangible assets (2,850,422) (2,873,898) (2,894,824) (2,919,924) (2,931,319)  (2,872,886) (2,633,858)Average tangible shareholder's common equity$5,461,303 $5,390,588 $5,405,677 $5,227,424 $4,993,537  $5,419,392 $4,474,566 ROAE 12.0% 12.1% 11.1% 10.4% 9.0%  11.7% 8.3%ROAE, adjusted 12.0% 12.1% 11.5% 11.8% 11.7%  11.9% 10.6%ROATCE 19.6% 19.8% 18.4% 17.8% 15.9%  19.3% 14.3%ROATCE, adjusted 19.6% 19.9% 19.0% 19.9% 20.1%  19.5% 18.1%         Refer to last page of Non-GAAP reconciliations for footnotes.                    Non-GAAP Measures (unaudited)($ in thousands)       As of September 30,June 30,March 31,December 31,September 30,  2026  2026  2026  2025  2025 Tangible Common Equity:     Shareholders' equity$8,295,211 $8,583,843 $8,510,653 $8,494,788 $8,309,271 Less: Preferred equity (243,719) (243,719) (243,719) (243,719) (243,719)Shareholders' common equity$8,051,492 $8,340,124 $8,266,934 $8,251,069 $8,065,552 Less: Goodwill and other intangible assets (2,839,096) (2,862,427) (2,886,419) (2,907,986) (2,926,960)Tangible shareholders' common equity$5,212,396 $5,477,697 $5,380,515 $5,343,083 $5,138,592       Total assets$74,423,980 $74,189,417 $73,002,651 $72,151,967 $71,210,162 Less: Goodwill and other intangible assets (2,839,096) (2,862,427) (2,886,419) (2,907,986) (2,926,960)Tangible assets$71,584,884 $71,326,990 $70,116,232 $69,243,981 $68,283,202       Risk-weighted assets3$56,350,807 $55,349,162 $54,283,745 $53,617,620 $52,515,468       Tangible common equity to tangible assets 7.28% 7.68% 7.67% 7.72% 7.53%Tangible common equity to risk-weighted assets3 9.25% 9.90% 9.91% 9.97% 9.78%Tangible Common Book Value:     Common shares outstanding 378,639  382,537  386,315  389,662  390,768 Tangible common book value$13.77 $14.32 $13.93 $13.71 $13.15       1Tax-effect calculations use management's estimate of the full year FTE tax rates (federal + state).2Calculated using the federal statutory tax rate in effect of 21% for all periods.3September 30, 2026 figures are preliminary. 

Wall Street expects a year-over-year increase in earnings on higher revenues when Old National Bancorp (ONB - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 21. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis holding company for Old National Bank is expected to post quarterly earnings of $0.66 per share in its upcoming report, which represents a year-over-year change of +11.9%.

Revenues are expected to be $735.94 million, up 3.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.32% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Old National Bancorp?For Old National Bancorp, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Old National Bancorp will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Old National Bancorp would post earnings of $0.62 per share when it actually produced earnings of $0.65, delivering a surprise of +4.84%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Old National Bancorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAmong the stocks in the Zacks Banks - Midwest industry, Mercantile Bank (MBWM - Free Report) , is soon expected to post earnings of $1.35 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of -7.5%. This quarter's revenue is expected to be $70.58 million, up 13.1% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Mercantile Bank has been revised 0.1% down to the current level. Nevertheless, the company now has an Earnings ESP of -1.12%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Mercantile Bank will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

EVANSVILLE, Ind., Sept. 22, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”) team members came together Sept. 16-17 to support nonprofit and community organizations across the company’s footprint during the fifth annual Better Together Days volunteer event.

During the two-day blitz, 2,450 Old National team members volunteered their time and talents through four-hour service projects benefiting local organizations in the communities where they live and work. Volunteer opportunities included both in-person and virtual projects, allowing team members across Old National’s footprint to participate.

Working together, team members contributed 7,050 hours of service to 172 nonprofits and community organizations in Florida, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri, North Carolina, North Dakota, Tennessee, and Wisconsin. This year’s event marked the largest team member participation in the five-year history of Better Together Days.

Better Together Days 2026 by the numbers:

2,450 Old National team members participating7,050 hours volunteering172 nonprofit or community organizations served12 states represented “Better Together Days is one of the most visible examples of how our team members live our values in the communities we serve,” said Kathy Schoettlin, Old National’s Chief Communication, Culture and Social Responsibility Officer. “Across our footprint, team members are proud to work side-by-side with nonprofits that are addressing important local needs every day. We’re grateful for these partnerships and proud of the difference our team members help make through their service.”

Click here to access high resolution (300 dpi) photos and b-roll video footage of the volunteer activities sorted by states and cities (please credit all photos and videos to Old National).

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $74 billion of assets and $41 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2026, Points of Light named Old National to “The Civic 50” for the third consecutive year – an honor recognizing the 50 most community-minded companies in the United States – and also named Old National the Financials Sector Leader among nominated banks and financial services organizations.

Media Relations:
Rick Vach
(904) 535-9489
[email protected]

Washington Trust Bancorp (NASDAQ:WASH – Get Free Report) and Old National Bancorp (NASDAQ:ONB – Get Free Report) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, valuation, risk, institutional ownership, analyst recommendations, earnings and profitability.

Dividends Washington Trust Bancorp pays an annual dividend of $2.24 per share and has a dividend yield of 5.6%. Old National Bancorp pays an annual dividend of $0.58 per share and has a dividend yield of 2.2%. Washington Trust Bancorp pays out 77.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Old National Bancorp pays out 25.8% of its earnings in the form of a dividend.

Valuation & Earnings This table compares Washington Trust Bancorp and Old National Bancorp”s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Washington Trust Bancorp $393.95 million 1.93 $52.24 million $2.88 13.84 Old National Bancorp $2.82 billion 3.50 $669.26 million $2.25 11.49 Old National Bancorp has higher revenue and earnings than Washington Trust Bancorp. Old National Bancorp is trading at a lower price-to-earnings ratio than Washington Trust Bancorp, indicating that it is currently the more affordable of the two stocks.

Profitability This table compares Washington Trust Bancorp and Old National Bancorp’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Washington Trust Bancorp 14.50% 10.18% 0.84% Old National Bancorp 21.60% 11.80% 1.34% Analyst Ratings This is a breakdown of recent ratings for Washington Trust Bancorp and Old National Bancorp, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Washington Trust Bancorp 0 3 1 0 2.25 Old National Bancorp 0 3 10 0 2.77 Washington Trust Bancorp currently has a consensus price target of $35.50, suggesting a potential downside of 10.94%. Old National Bancorp has a consensus price target of $29.75, suggesting a potential upside of 15.04%. Given Old National Bancorp’s stronger consensus rating and higher possible upside, analysts clearly believe Old National Bancorp is more favorable than Washington Trust Bancorp.

Volatility and Risk Washington Trust Bancorp has a beta of 0.7, indicating that its share price is 30% less volatile than the S&P 500. Comparatively, Old National Bancorp has a beta of 0.83, indicating that its share price is 17% less volatile than the S&P 500.

Institutional & Insider Ownership 65.8% of Washington Trust Bancorp shares are owned by institutional investors. Comparatively, 83.7% of Old National Bancorp shares are owned by institutional investors. 1.3% of Washington Trust Bancorp shares are owned by company insiders. Comparatively, 0.7% of Old National Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary Old National Bancorp beats Washington Trust Bancorp on 12 of the 16 factors compared between the two stocks.

(Get Free Report)

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents’ estates, as well as institutional trust services comprising custody and fiduciary services for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

About Old National Bancorp (Get Free Report)

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. The company also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, and capital markets services, as well as community development lending and equity investment solutions. The company was founded in 1834 and is headquartered in Evansville, Indiana.

Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

 | Source: Old National Bancorp

EVANSVILLE, Ind., Sept. 10, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp announced today that its Chairman and Chief Executive Officer Jim Ryan will present at the 2026 Barclays Global Financial Services Conference in New York, NY at 12:00 p.m. ET on Tuesday, September 15, 2026.

Interested parties can access the live webcast of the presentation through the Investor Relations section of the Company’s website at https:/ir.oldnational.com. For those unable to attend the live broadcast, a replay of the presentation will be accessible for 180 days after the presentation date.

ABOUT OLD NATIONAL

Old National Bancorp is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $74 billion of assets and $41 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2026, Points of Light named Old National to “The Civic 50” for the third consecutive year – an honor recognizing the 50 most community-minded companies in the United States – and also named Old National the Financials Sector Leader among nominated banks and financial services organizations.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected]

Media Relations:
Scott Reinhard 
(612) 716-0304
[email protected]

Deutsche Bank AG bought a new stake in shares of Old National Bancorp (NASDAQ:ONB – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 365,249 shares of the bank’s stock, valued at approximately $9,460,000. Deutsche Bank AG owned approximately 0.10% of Old National Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC purchased a new stake in shares of Old National Bancorp in the second quarter worth about $239,000. Global Retirement Partners LLC bought a new position in shares of Old National Bancorp in the second quarter valued at approximately $136,000. 1ST Source Bank purchased a new position in Old National Bancorp during the second quarter valued at approximately $325,000. Bank of New York Mellon Corp purchased a new position in Old National Bancorp during the second quarter valued at approximately $90,226,000. Finally, State of Wyoming bought a new stake in Old National Bancorp during the 2nd quarter worth approximately $152,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth ONB has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Old National Bancorp in a research note on Thursday, June 4th. Raymond James Financial began coverage on shares of Old National Bancorp in a research report on Tuesday, July 7th. They set a “market perform” rating for the company. Truist Financial upped their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Citigroup increased their price objective on Old National Bancorp from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Barclays lifted their price objective on Old National Bancorp from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.36.

Read Our Latest Stock Analysis on Old National Bancorp Old National Bancorp Stock Performance NASDAQ:ONB opened at $25.81 on Monday. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 11.47 and a beta of 0.84. The business has a 50 day moving average of $26.21 and a 200 day moving average of $24.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.94 and a quick ratio of 0.94. Old National Bancorp has a 1-year low of $19.39 and a 1-year high of $27.36.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $726.86 million for the quarter, compared to analysts’ expectations of $716.25 million. Old National Bancorp had a net margin of 21.60% and a return on equity of 11.80%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. On average, sell-side analysts predict that Old National Bancorp will post 2.6 earnings per share for the current fiscal year.

Old National Bancorp Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Saturday, September 5th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.2%. Old National Bancorp’s dividend payout ratio is 25.78%.

Insiders Place Their Bets In related news, CEO Chady M. Alahmar sold 11,771 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $26.41, for a total transaction of $310,872.11. Following the transaction, the chief executive officer owned 63,531 shares of the company’s stock, valued at approximately $1,677,853.71. This trade represents a 15.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas J. Chulos sold 20,000 shares of Old National Bancorp stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $26.66, for a total transaction of $533,200.00. Following the completion of the transaction, the insider owned 53,544 shares in the company, valued at approximately $1,427,483.04. The trade was a 27.19% decrease in their position. The SEC filing for this sale provides additional information. 0.72% of the stock is currently owned by corporate insiders.

Old National Bancorp Company Profile (Free Report)

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.

Featured Stories Five stocks we like better than Old National Bancorp VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding ONB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old National Bancorp (NASDAQ:ONB – Free Report).

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

EVANSVILLE, Ind., Aug. 12, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (the “Company” or “Old National”) today announced that its Board of Directors declared a quarterly cash dividend of $0.145 per share on the Company's outstanding shares of common stock. This quarterly cash dividend will be payable on September 15, 2026, to shareholders of record as of the close of business on September 5, 2026.

California State Teachers Retirement System increased its stake in shares of Old National Bancorp (NASDAQ:ONB – Free Report) 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 quarter. California State Teachers Retirement System owned approximately 0.11% of Old National Bancorp worth $9,309,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Old National Bancorp by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 17,882,650 shares of the bank’s stock valued at $395,193,000 after buying an additional 310,352 shares in the last quarter. State Street Corp raised its stake in shares of Old National Bancorp by 5.6% during the 3rd quarter. State Street Corp now owns 16,665,897 shares of the bank’s stock worth $365,816,000 after acquiring an additional 890,309 shares in the last quarter. Geode Capital Management LLC lifted its position in Old National Bancorp by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 9,678,509 shares of the bank’s stock valued at $215,958,000 after acquiring an additional 91,341 shares during the last quarter. First Trust Advisors LP lifted its position in Old National Bancorp by 37.5% during the fourth quarter. First Trust Advisors LP now owns 7,188,766 shares of the bank’s stock valued at $160,381,000 after acquiring an additional 1,961,525 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Old National Bancorp by 69.8% in the fourth quarter. Morgan Stanley now owns 6,776,716 shares of the bank’s stock valued at $151,189,000 after acquiring an additional 2,785,474 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Old National Bancorp Stock Performance Shares of NASDAQ ONB opened at $26.85 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.95. Old National Bancorp has a 12 month low of $19.39 and a 12 month high of $27.32. The company has a 50 day simple moving average of $25.49 and a two-hundred day simple moving average of $24.19. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 11.93 and a beta of 0.84.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Old National Bancorp had a net margin of 21.60% and a return on equity of 11.80%. The firm had revenue of $732.55 million for the quarter, compared to analyst estimates of $716.25 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, analysts predict that Old National Bancorp will post 2.6 earnings per share for the current year.

Old National Bancorp Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, June 5th. Old National Bancorp’s dividend payout ratio (DPR) is currently 25.78%.

Analyst Upgrades and Downgrades Several equities analysts have issued reports on the stock. Raymond James Financial started coverage on shares of Old National Bancorp in a report on Tuesday, July 7th. They issued a “market perform” rating on the stock. UBS Group initiated coverage on Old National Bancorp in a research report on Tuesday, July 7th. They issued a “buy” rating and a $32.00 price objective for the company. Royal Bank Of Canada boosted their target price on Old National Bancorp from $28.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old National Bancorp in a research report on Thursday, June 4th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $27.00 price target on shares of Old National Bancorp in a research note on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.36.

Read Our Latest Report on Old National Bancorp

Insider Activity In other Old National Bancorp news, insider Nicholas J. Chulos sold 20,000 shares of Old National Bancorp stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $26.66, for a total transaction of $533,200.00. Following the completion of the transaction, the insider owned 53,544 shares in the company, valued at approximately $1,427,483.04. This trade represents a 27.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Chady M. Alahmar sold 11,771 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $26.41, for a total value of $310,872.11. Following the sale, the chief executive officer directly owned 63,531 shares in the company, valued at approximately $1,677,853.71. This trade represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is currently owned by company insiders.

Old National Bancorp Profile (Free Report)

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.

See Also Five stocks we like better than Old National Bancorp SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why Rare Earth Processing Could Be the Real 2027 Opportunity The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks? Want to see what other hedge funds are holding ONB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old National Bancorp (NASDAQ:ONB – Free Report).

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Posted by Defense World Staff on Jul 26th, 2026

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 twelve-month target price among brokers that have issued a report on the stock in the last year is $29.2727.

Several equities research analysts recently issued reports on ONB shares. Stephens lifted their price target on shares of Old National Bancorp from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “hold” rating and issued a $27.00 price objective on shares of Old National Bancorp in a research note on Wednesday. Citigroup boosted their target price on shares of Old National Bancorp from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen upped their target price on Old National Bancorp from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays increased their target price on Old National Bancorp from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th.

Read Our Latest Research Report on ONB

Old National Bancorp Price Performance Shares of ONB stock opened at $26.49 on Thursday. The business has a fifty day simple moving average of $25.13 and a 200 day simple moving average of $24.03. The company has a market cap of $10.23 billion, a P/E ratio of 11.77 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.89. Old National Bancorp has a twelve month low of $19.39 and a twelve month high of $27.32.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $726.86 million during the quarter, compared to the consensus estimate of $716.25 million. Old National Bancorp had a return on equity of 16.16% and a net margin of 21.60%.The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, sell-side analysts forecast that Old National Bancorp will post 2.58 EPS for the current fiscal year.

Old National Bancorp Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, June 5th. Old National Bancorp’s dividend payout ratio (DPR) is 25.78%.

Institutional Investors Weigh In On Old National Bancorp Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Old National Bancorp by 2.0% during the first quarter. Royal Bank of Canada now owns 214,065 shares of the bank’s stock valued at $4,536,000 after acquiring an additional 4,153 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Old National Bancorp by 87.8% in the first quarter. Jones Financial Companies Lllp now owns 12,696 shares of the bank’s stock worth $269,000 after purchasing an additional 5,936 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Old National Bancorp by 8.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,843,946 shares of the bank’s stock valued at $60,263,000 after purchasing an additional 215,203 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Old National Bancorp by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 913,117 shares of the bank’s stock valued at $19,349,000 after purchasing an additional 64,110 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Old National Bancorp by 6.1% in the second quarter. Russell Investments Group Ltd. now owns 53,853 shares of the bank’s stock valued at $1,149,000 after purchasing an additional 3,091 shares during the period. 83.66% of the stock is owned by institutional investors.

About Old National Bancorp (Get Free Report)

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.

Recommended Stories Five stocks we like better than Old National Bancorp Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEContrasting PepsiCo (NASDAQ:PEP) and Embotelladora Andina (NYSE:AKO.B)

NEXT HEADLINE »Analysts Set Sonic Automotive, Inc. (NYSE:SAH) Target Price at $90.67

HomeEarnings AnalysisFinancials 

SummaryOld 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%.Despite strong fundamentals and raised guidance, ONB stock's valuation near $26 per share appears rich versus book, supporting a continued neutral stance.Looking for a helping hand in the market? Members of BAD BEAT Investing get exclusive ideas and guidance to navigate any climate. Learn More » Brian Logan/iStock via Getty Images

We are making significant progress in our ongoing Q2 regional bank earnings updates and understanding how the tough macro situation is impacting performance and the outlook for the group as a whole. If you regularly

44.97K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Old National Bancorp (ONB - Free Report) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.84%. A quarter ago, it was expected that this holding company for Old National Bank would post earnings of $0.6 per share when it actually produced earnings of $0.61, delivering a surprise of +1.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Old National Bancorp, which belongs to the Zacks Banks - Midwest industry, posted revenues of $740.06 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.55%. This compares to year-ago revenues of $654.37 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Old National Bancorp shares have added about 17.3% since the beginning of the year versus the S&P 500's gain of 9.7%.

What's Next for Old National Bancorp?While Old National Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Old National Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.65 on $729.15 million in revenues for the coming quarter and $2.57 on $2.88 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, First Financial Corp. (THFF - Free Report) , is yet to report results for the quarter ended June 2026.

This holding company for First Financial Bank is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of +8.9%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level.

First Financial Corp.'s revenues are expected to be $72.05 million, up 14.3% from the year-ago quarter.

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 a record efficiency ratio. He said Old National generated an adjusted return on average tangible common equity of about 20% and an adjusted return on assets of 1.39%.

“These results show what happens when we stay focused on the fundamentals,” Ryan said, pointing to high-quality relationship growth, disciplined credit and expense management, investments in talent and technology, and tangible book value growth.

Get Old National Bancorp alerts:

Loan Growth and Pipeline Strength Drive Quarter Old National said end-of-period loans increased by $1 billion, or 8% annualized, during the quarter. Ryan said the increase was driven by “robust, high-quality commercial production.” Commercial production reached $3.5 billion, while the company’s period-end commercial pipeline rose to a record $5.6 billion.

John, who reviewed the company’s financial results on the call, said total loans grew 8.3% annualized from the prior quarter, with balanced growth across commercial real estate and commercial and industrial portfolios. He said production was diversified across the commercial book and was predominantly floating rate.

During the question-and-answer session, Tim said the company is beginning to see larger loan opportunities in its middle-market C&I business, particularly in growth markets. However, Ryan added that the average C&I loan in the bank remains below $1 million, underscoring that Old National still handles a large number of smaller commercial loans.

Management said loan growth expectations have improved, and the company now expects full-year loan growth of 6% to 8%, supported by year-to-date results and the current pipeline.

Fee Businesses Outperform Expectations Fee income was another area of strength. Ryan said the company saw broad-based gains across all fee businesses and described the diversification as intentional, saying Old National is seeking to build “a stronger, more balanced earnings engine” that is less dependent on net interest income.

Adjusted non-interest income was $140 million for the quarter, exceeding management’s guidance. John said all fee businesses performed better than expected. He noted that the “other income” line was elevated by approximately $10 million due to market value adjustments, higher bank-owned life insurance income and an asset recovery. While those items were described as core, John said the line should run closer to first-quarter levels for the rest of the year.

In response to an analyst question, John said wealth management has been “terrific,” investments have been good, mortgage performed solidly and capital markets remained strong. He said Old National is “reasonably bullish” on capital markets revenue because of the company’s commercial pipelines and production levels.

Looking longer term, John said aggregate fee income growth is likely a mid- to high-single-digit growth item, with some businesses, including wealth and capital markets, having potential to grow at double-digit rates.

Expenses Controlled as Efficiency Ratio Hits Record Old National reported GAAP second-quarter earnings per share of $0.65. Excluding $12.1 million in merger-related expenses and a $13.2 million valuation gain tied to the settlement of the Bremer pension plan, adjusted earnings per share were also $0.65.

Adjusted non-interest expense totaled $360 million. John said expenses remained well controlled and drove positive operating leverage both sequentially and year over year. Ryan said the company’s adjusted efficiency ratio was 45.2%, marking the seventh straight quarter of positive year-over-year operating leverage.

Ryan said Old National is investing in technology, artificial intelligence and process improvements to make the company more scalable while maintaining expense discipline.

Net Interest Income Outlook Holds Steady Management left net interest income guidance unchanged, while noting it had been updated for the impact of a subordinated debt issuance. John said second-quarter net interest margin was affected by two basis points from the full-quarter impact of subordinated debt issued in late January and lower SOFR rates. Without those factors, he said the margin would have been up slightly.

John said net interest income growth should be supported by strong asset generation, stable funding costs, fixed-asset repricing and earning-asset remix opportunities. He said new money yields on securities are running about 100 basis points above back-book yields, while fixed-to-fixed loan repricing offers about 60 basis points of opportunity.

During the Q&A, John said management sees “more opportunities than challenges” in the second half of the year, citing higher average earning assets, repricing opportunities, the potential for SOFR to become a tailwind, remix opportunities and additional calendar days in both the third and fourth quarters.

Old National said total deposits increased 3.4% annualized, led by commercial and public fund growth, partly offset by seasonal retail tax outflows. Non-interest-bearing deposits remained 23% of total deposits. John said total deposit costs decreased by one basis point during the quarter, even as the company continued to pursue new client acquisition in a competitive deposit environment.

Credit and Capital Remain Management Priorities Credit quality improved in several areas. Ryan said non-accrual loans declined by $50 million, or 10%, from the prior quarter. John said non-accrual loans fell to 91 basis points of total loans, while criticized and classified loans decreased by $109 million during the quarter.

Net charge-offs were 26 basis points, or 22 basis points excluding charge-offs on purchased credit deteriorated loans. John said the allowance for credit losses to total loans, including the reserve for unfunded commitments, was 121 basis points, down one basis point from the prior quarter, primarily due to charge-offs on PCD loans and improved credit quality.

Old National’s capital position remained strong. The company’s CET1 ratio was 11.09%, and tangible book value per share increased 14% year over year. John said tangible book value per share grew 11% annualized from the prior quarter, even as the company absorbed Bremer-related charges, supported better-than-expected balance sheet growth and returned capital.

The company returned $163 million to shareholders in the quarter through dividends and share repurchases. That included $107 million of common stock repurchases, representing 4.4 million shares. John said Old National has $277 million remaining under its buyback program and expects to use the remaining authorization opportunistically through the plan period ending in February 2027.

Asked about capital levels, John said the company is comfortable with its position and has enough capital to support organic growth while continuing capital returns. Ryan said the company is balancing organic investment, tangible book value growth, strong capital ratios and shareholder returns.

Ryan closed by saying Old National does not need to rely on acquisitions to meet its goals and remains focused on organic growth, client relationships, investments in people and platforms, risk management and long-term shareholder value.

About Old National Bancorp (NASDAQ:ONB)Old National Bancorp NASDAQ: ONB is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Old National Bancorp Right Now?Before you consider Old National Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old National Bancorp wasn't on the list.

While Old National Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report

Posted by Defense World Staff on Jul 22nd, 2026

Bank of New York Mellon Corp cut its holdings in shares of Old National Bancorp (NASDAQ:ONB – Free Report) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,512,346 shares of the bank’s stock after selling 40,961 shares during the quarter. Bank of New York Mellon Corp owned about 0.91% of Old National Bancorp worth $77,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in Old National Bancorp during the 4th quarter valued at about $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Old National Bancorp in the fourth quarter valued at approximately $28,000. Los Angeles Capital Management LLC acquired a new position in shares of Old National Bancorp in the fourth quarter valued at approximately $36,000. JFS Wealth Advisors LLC increased its stake in Old National Bancorp by 811.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,604 shares of the bank’s stock worth $36,000 after buying an additional 1,428 shares during the period. Finally, Peterson Wealth Services increased its stake in Old National Bancorp by 9,711.8% during the 4th quarter. Peterson Wealth Services now owns 1,668 shares of the bank’s stock worth $37,000 after buying an additional 1,651 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets Several equities analysts have commented on the stock. Stephens boosted their price target on shares of Old National Bancorp from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods lifted their target price on Old National Bancorp from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Truist Financial boosted their target price on Old National Bancorp from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. UBS Group started coverage on Old National Bancorp in a research report on Tuesday, July 7th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Barclays lifted their price objective on Old National Bancorp from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.55.

Check Out Our Latest Analysis on Old National Bancorp

Old National Bancorp Stock Performance NASDAQ:ONB opened at $26.17 on Wednesday. Old National Bancorp has a 12 month low of $19.39 and a 12 month high of $27.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market capitalization of $10.11 billion, a PE ratio of 13.49 and a beta of 0.83. The business’s fifty day moving average price is $24.96 and its 200 day moving average price is $23.96.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Old National Bancorp had a return on equity of 11.23% and a net margin of 18.90%.The firm had revenue of $702.70 million during the quarter, compared to the consensus estimate of $706.62 million. During the same period in the prior year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 44.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Old National Bancorp will post 2.57 earnings per share for the current fiscal year.

Old National Bancorp Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.145 per share. The ex-dividend date was Friday, June 5th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.2%. Old National Bancorp’s dividend payout ratio (DPR) is 29.90%.

About Old National Bancorp (Free Report)

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.

Recommended Stories Five stocks we like better than Old National Bancorp Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBank of New York Mellon Corp Sells 70,729 Shares of Brookfield Corporation $BN

NEXT HEADLINE »D.A. Davidson & CO. Has $1.84 Million Holdings in Welltower Inc. $WELL

EVANSVILLE, Ind., July 13, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – In celebration of its 20th anniversary and two decades of helping build stronger, more vibrant and prosperous communities, the Old National Bank Foundation is donating a total of $20,000 to 20 nonprofit organizations throughout its nine-state footprint.

Since its start in 2006, the Old National Bank Foundation has granted more than $40 million to nonprofit organizations in the communities Old National serves. The most recent grant cycle, with more than 200 grants awarded totaling more than $3 million, was the largest in the Foundation’s history.

“For 20 years, the (Old National Bank) Foundation has helped turn compassion into action and possibility into progress for communities across our footprint,” said Kathy Schoettlin, Old National Chief Communications, Culture, & Social Responsibility Officer. “While that legacy is something we are deeply proud of, what inspires us most is knowing there is still so much more impact we can make. As we look ahead, our commitment remains clear: to invest in the people, partnerships and organizations that help communities thrive for generations to come.”

‘20 for 20’ Campaign Honors Nonprofit Impact
As part of the anniversary celebration, the Foundation is launching "20 for 20: Celebrating Two Decades of Community Impact." This campaign will recognize 20 nonprofit organizations who have used past Foundation support to make a meaningful impact in the communities they serve. Each of the 20 nonprofit organizations will receive a $1,000 donation and be featured on oldnational.com through a weekly spotlight that runs through the end of the year.

“Our ‘20 for 20’ campaign recognizes 20 organizations that have helped strengthen communities and expand opportunity through their partnership with the Old National Bank Foundation,” said Old National Bank Foundation President Joe Kiser. “Their leadership, innovation, and commitment to serving others reflect the very best of what can happen when communities come together around a shared purpose. As we celebrate the Foundation’s 20th anniversary, these organizations represent the many communities, causes, and partnerships that have shaped the Foundation’s work over the past two decades.”

A Legacy of Commitment, A Future of Opportunity
For two decades, the Old National Bank Foundation has partnered with nonprofit organizations to support impactful programs and projects that create meaningful, lasting change. As part of Old National Bank's broader charitable giving efforts, the Foundation invests in initiatives designed to enhance quality of life and expand opportunities across the Bank's multi-state footprint, which stretches from the Upper Midwest into portions of the Southeast.

Recent Foundation grantees have included:

Hearts & Hammers Twin Cities (Minneapolis, MN) -- ONB Foundation funding enables free home-improvement assistance to low-income seniors, disabled individuals, and veteran homeowners, ensuring they can age in place safely.ChooseWell Communities (Louisville, KY) – ONB grant funding supports CWC’s Housing First initiative which ensures Louisville-area families remain anchored in safe, affordable housing as their parents navigate early recovery and their children’s crucial first five years.BizStarts Milwaukee (Milwaukee, WI) -- Through its funding, the ONB Foundation enables an ecosystem of training and support for new or emerging Milwaukee entrepreneurs from low- to moderate-income BIPOC communities.
Old National Bank Foundation Funding Priorities
Funding from the Old National Bank Foundation targets innovative programs that enhance the quality of life within Old National-served communities in support of the following strategic initiatives: Affordable Housing, Workforce Development, Economic Development and Financial Empowerment.

To learn more about the Old National Bank Foundation, and to view the ’20 for 20’ weekly recipient spotlights, click here.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $73 billion of assets and $39 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2026, Points of Light named Old National to “The Civic 50” for the third consecutive year – an honor recognizing the 50 most community-minded companies in the United States – and also named Old National the Financials Sector Leader among nominated banks and financial services organizations.

Media Relations:
Rick Vach
(904) 535-9489
[email protected]

EVANSVILLE, Ind., June 23, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – For the third consecutive year, Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp (“Old National”), has been named to Points of Light’s “The Civic 50.” This annual designation is reserved for the 50 most community-minded organizations in the United States, as determined by the Points of Light Foundation.

Old National was also named the 2026 Financials Sector Leader, recognizing the company as the leading financial services organization among this year’s “The Civic 50” honorees.

Now in its 14th year, The Civic 50 is the nation’s leading corporate social impact recognition program. Honorees are selected through a comprehensive assessment of corporate civic engagement across four dimensions: investment of resources, integration into business functions, institutionalization through policies and systems, and measurable impact.

“Being named to The Civic 50 reflects the heart and passion our team members bring to the communities we serve,” said Jim Ryan, Old National Chairman & CEO. “Caring for our communities is central to who we are, and our team members value making a meaningful difference through community engagement and by helping our clients build stronger financial futures.”

In 2025, Old National and its team members provided:

More than 67,500 hours of volunteer service across the bank’s nine-state footprint$13.6 million in total grants and sponsorships supporting more than 2,100 nonprofit and community-minded organizationsApproximately $721 million in Community Reinvestment Act (CRA)-eligible community development loans that supported affordable housing, economic development, and community services for low-to-moderate-income individuals and communities
“Community impact is woven into Old National’s culture, business strategy and values,” said Kathy Schoettlin, Old National Chief Communications, Culture, & Social Responsibility Officer. “Whether we’re helping small businesses grow, expanding access to financial literacy or advancing inclusion, we are focused on creating meaningful, lasting change in the communities we serve. This recognition reinforces that commitment and inspires us to keep moving forward.”

“Old National demonstrates how to embed purpose into the employee experience, build authentic relationships with communities and use business as a force for good,” said Jennifer Sirangelo, President and CEO of Points of Light. “Today’s leading companies understand that community engagement is more than a program, it’s a reflection of their commitment to advancing social impact in ways that strengthen both their company and the communities they serve.”

For more information about Old National’s commitment to clients and community, see our Community Action Report.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $73 billion of assets and $39 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2026, Points of Light named Old National to “The Civic 50” for the third consecutive year – an honor recognizing the 50 most community-minded companies in the United States – and also named Old National the Financials Sector Leader among nominated banks and financial services organizations.

ABOUT POINTS OF LIGHT
Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to create positive change through volunteering and civic engagement. Through work with nonprofits, companies and social impact leaders, the organization galvanizes volunteers to meet critical needs in communities. As the world’s largest organization dedicated to increasing volunteer service, Points of Light engages more than 3.8 million volunteers across 32 countries. For more information, visit pointsoflight.org.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected]

Media Relations:
Rick Vach
(904) 535-9489
[email protected]

EVANSVILLE, Ind., March 30, 2026 (GLOBE NEWSWIRE) -- Old National Bank announced today that it has received an “Outstanding” overall rating — the highest possible — under the Community Reinvestment Act (CRA), recognizing the bank’s exceptional commitment to meeting the credit, investment and community service needs of the neighborhoods it serves. In a typical review cycle, fewer than 10% of U.S. banks earn an “Outstanding” rating.

The rating reflects Old National’s long‑standing dedication to expanding access to financial resources, supporting affordable housing initiatives, and fostering economic empowerment across low‑ and moderate‑income communities throughout its footprint. Evaluated by the Office of the Comptroller (OCC), this rating considered lending, investment, and community service activities from a quantitative and qualitative perspective between 2022 and 2024.  

“This recognition affirms the work our teams do every day to partner with and uplift the communities we proudly serve,” said Old National Chairman and CEO Jim Ryan. “During the evaluation period, Old National provided nearly $2.4 billion in CRA-eligible community development loans that supported affordable housing, economic development, community services for low- and moderate-income people, and revitalization or stabilization of low-to-moderate income communities. Every dollar provided makes a positive impact on our communities.”

The CRA evaluation highlights Old National Bank’s ratings for each of the following areas:

The Lending Test – “Outstanding”: The OCC noted Old National’s significant level of Community Development lending activities and extensive use of innovative and flexible loan products to meet credit and community development needs. Three of the five Multistate Metropolitan Statistical Areas (MMSAs) assessed, and the State of Indiana performance, were rated Outstanding.The Investment Test – “Outstanding”: Old National had an excellent level of Community Development investments which were responsive to community needs throughout the rating areas. All five MMSAs were rated Outstanding in addition to the states of Indiana, Michigan, Minnesota, Tennessee and Wisconsin.The Services Test – “High Satisfactory”: Delivery systems were deemed accessible to geographies and individuals of different income levels. Old National had good levels of Community Development services which demonstrated responsiveness to community needs, leadership, and complexity. Three of the MMSAs were rated Outstanding.
During the course of the evaluation, Old National provided information highlighting more than 20,000 hours of volunteerism across 10 states, reflecting active board and committee service, financial education, technical assistance, and direct engagement with community-based organizations. The activities demonstrate sustained leadership and responsiveness at the local level. Old National also highlighted proprietary financial literacy programming, and partnerships with nonprofit organizations addressing critical community needs.

“We believe that healthy communities are the foundation of a strong financial institution,” said Old National Chief Community, Culture & Social Responsibility Officer Kathy Schoettlin. “Old National is proud to play a role in driving positive change and expanding opportunities for individuals and families across our markets.”

The CRA was enacted in 1977 to ensure banks meet the credit needs of all segments of their communities. An “Outstanding” rating is reserved for institutions that go above and beyond standard regulatory expectations in their community development activities. Old National Bank continues to deepen its investments, strengthen community partnerships, and expand financial inclusion initiatives as part of its ongoing commitment to responsible, community‑focused banking.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" -- an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected]

Media Relations:
Rick Vach
(904) 535-9489
[email protected]

EVANSVILLE, Ind., April 13, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) today announced a strategic alignment of its Commercial Banking leadership structure to better match leadership roles and responsibilities with the capabilities, reach, and complexity of its commercial clients. As part of this updated structure, Chris Doyle has joined Old National as President of Commercial Banking, and John C. Thurston has been promoted to President of Corporate Banking.

“We are thrilled to welcome Chris to Old National, and we are equally excited to welcome John into an expanded leadership role,” said Old National Chairman and CEO Jim Ryan. “This new alignment not only allows us to fully leverage the strengths and experience of both leaders, it also reflects the growing scale of our Commercial business and our commitment to providing exceptional, highly individualized service to all our commercial clients.”

Additionally, Old National is further aligning key Treasury Management and Commercial middle office functions. Joe Wicklander, president of Treasury Solutions & Payments, will continue to lead Treasury Management, Merchant Services, and the Financial Institutions Group while also taking on responsibility for Old National’s Foreign Exchange (FX) business and building out FinTech and Liquidity solutions. Tim Kocher will transition from Chief Credit Strategy Officer to Chief Service Delivery Officer, providing leadership that strengthens service delivery for Commercial Banking clients.

These leadership updates follow the departure of Commercial Banking CEO Jim Sandgren, who retired on April 1, 2026, after 34 years of service with the organization.

About Chris Doyle
Old National welcomes Chris Doyle as President of Commercial Banking. Doyle brings more than 20 years of banking experience, most recently serving as Commercial Regional Leader, SVP, at a super-regional bank, where he spent nine years supporting complex client transactions, growth strategies, capital needs, and succession planning.

In this new leadership role, Doyle will oversee Commercial & Industrial (C&I) Banking (including SBA lending and Agricultural lending), Middle Market Banking (including Asset-Based Lending, Small Business Investment Company, and Family Office), Commercial Real Estate and Expansion Markets.

Doyle is active in the local Cleveland-area community where he serves as a board member of Urban Community School (Board Chair), Boys and Girls Clubs of Greater Cleveland, Cleveland Clinic Children’s Hospital, and GESU Finance Council. He is also a member of Leadership Cleveland class of 2026. Chris earned a Bachelor of Business Administration in Finance from Saint Louis University.

About John C. Thurston
John C. Thurston, who joined Old National in 2023 and most recently served as Corporate Banking Director, has been appointed President of the Corporate Bank, which will serve Old National’s largest commercial banking clients. Thurston brings 30 years of industry experience spanning multiple geographies, lines of business, and industry verticals.

He has led teams across the country while driving strategic initiatives, new business development, and long‑term client growth strategies. In his expanded leadership role, Thurston will oversee Corporate Banking, Specialty Banking, and Capital Markets (including Syndications, Tax Credit, Term Loan B, Sponsor Finance, and Investment Banking/M&A).

A resident of Chicago for more than 30 years, John is highly active in the Chicago community, serving as a member of the Board of Directors at Christ the King Jesuit College Prep, as well as a Board Member at Mercy Home for Boys and Girls. He is the past Chairman of the Old St. Mary’s Church Finance Committee, and a member of the Old St. Mary’s School Finance Sub-committee and Amate House Board of Directors. John earned a Bachelor of Business Administration and Bachelor of Arts in Finance and Business Economics from the University of Notre Dame.

About Joe Wicklander
As President of Treasury Solutions & Payments, Joe Wicklander has modernized and enhanced Old National’s Treasury Management and Merchant Services offerings while also launching a Financial Institutions Group. He will continue to lead Treasury Management, Merchant Services, and the Financial Institutions Group with added responsibility for Old National’s Foreign Exchange (FX) business. Prior to joining Old National in 2023, he led the Financial Institutions Group for CIBC Bank in Chicago.

About Tim Kocher
Tim Kocher will transition from Chief Credit Strategy Officer to Chief Service Delivery Officer, providing operational leadership that strengthens service delivery for Commercial Banking clients. In this role, he will oversee Commercial Administration (including loan fulfillment and commercial support) and Treasury Management middle office functions, helping ensure consistent execution, strong controls, and a seamless client experience. Formerly a member of Bremer Bank’s executive leadership team, Kocher officially transitioned to Old National’s leadership with the completion of the bank’s Bremer Bank partnership in 2025.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" – an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected] 

Media Relations:
Rick Vach
(904) 535-9489
[email protected] 

Posted by Defense World Staff on Apr 17th, 2026

Shares of Old National Bancorp (NASDAQ:ONB – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $27.50.

Several equities research analysts have recently weighed in on ONB shares. Royal Bank Of Canada upped their price target on shares of Old National Bancorp from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 22nd. Barclays upped their price target on shares of Old National Bancorp from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Citigroup upped their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Stephens began coverage on shares of Old National Bancorp in a research report on Friday, March 27th. They issued an “overweight” rating and a $27.00 price target for the company. Finally, National Bank Financial set a $30.00 target price on shares of Old National Bancorp in a research report on Thursday, January 22nd.

View Our Latest Research Report on Old National Bancorp

Old National Bancorp Price Performance Shares of ONB opened at $23.29 on Tuesday. The company has a 50 day moving average price of $23.11 and a 200-day moving average price of $22.49. Old National Bancorp has a fifty-two week low of $18.83 and a fifty-two week high of $26.17. The stock has a market capitalization of $9.00 billion, a PE ratio of 13.01 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.93 and a current ratio of 0.93.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Old National Bancorp had a net margin of 17.91% and a return on equity of 10.75%. The firm had revenue of $698.53 million during the quarter, compared to analysts’ expectations of $705.62 million. During the same quarter in the prior year, the company earned $0.49 EPS. Equities analysts predict that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.

Old National Bancorp Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Saturday, May 16th. Investors of record on Tuesday, May 5th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $0.58 dividend on an annualized basis and a yield of 2.5%. Old National Bancorp’s dividend payout ratio is presently 32.40%.

Insider Buying and Selling at Old National Bancorp In other news, insider Nicholas J. Chulos sold 30,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $25.05, for a total value of $751,500.00. Following the completion of the sale, the insider owned 20,438 shares of the company’s stock, valued at $511,971.90. This trade represents a 59.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by insiders.

Institutional Trading of Old National Bancorp Institutional investors have recently made changes to their positions in the business. MAI Capital Management boosted its position in shares of Old National Bancorp by 156.8% in the 3rd quarter. MAI Capital Management now owns 1,153 shares of the bank’s stock worth $25,000 after purchasing an additional 704 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Old National Bancorp in the 4th quarter worth $27,000. Covestor Ltd boosted its position in shares of Old National Bancorp by 157.0% in the 3rd quarter. Covestor Ltd now owns 1,236 shares of the bank’s stock worth $27,000 after purchasing an additional 755 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Old National Bancorp in the 4th quarter worth $28,000. Finally, Rothschild Investment LLC boosted its position in shares of Old National Bancorp by 72.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,275 shares of the bank’s stock worth $28,000 after purchasing an additional 535 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

About Old National Bancorp (Get Free Report)

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.

See Also Five stocks we like better than Old National Bancorp

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEHead to Head Review: SL Green Realty (NYSE:SLG) versus Douglas Emmett (NYSE:DEI)

NEXT HEADLINE »Head-To-Head Analysis: Sigyn Therapeutics (OTCMKTS:SIGY) vs. Shuttle Pharmaceuticals (NASDAQ:SHPH)

Wall Street analysts forecast that Old National Bancorp (ONB - Free Report) will report quarterly earnings of $0.60 per share in its upcoming release, pointing to a year-over-year increase of 33.3%. It is anticipated that revenues will amount to $704.83 million, exhibiting an increase of 44.8% compared to the year-ago quarter.

The current level reflects a downward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

With that in mind, let's delve into the average projections of some Old National Bancorp metrics that are commonly tracked and projected by analysts on Wall Street.

The consensus among analysts is that 'Net interest margin (FTE)' will reach 3.7%. The estimate is in contrast to the year-ago figure of 3.3%.

The consensus estimate for 'Efficiency Ratio' stands at 48.9%. The estimate compares to the year-ago value of 53.7%.

According to the collective judgment of analysts, 'Net Interest Income (FTE)' should come in at $589.33 million. Compared to the present estimate, the company reported $393.00 million in the same quarter last year.

Analysts predict that the 'Total noninterest income' will reach $119.50 million. The estimate is in contrast to the year-ago figure of $93.79 million.

View all Key Company Metrics for Old National Bancorp here>>>

Old National Bancorp shares have witnessed a change of +12.5% in the past month, in contrast to the Zacks S&P 500 composite's +9.3% move. With a Zacks Rank #2 (Buy), ONB is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

For the quarter ended March 2026, Old National Bancorp (ONB - Free Report) reported revenue of $702.77 million, up 44.4% over the same period last year. EPS came in at $0.61, compared to $0.45 in the year-ago quarter.

The reported revenue represents a surprise of -0.29% over the Zacks Consensus Estimate of $704.83 million. With the consensus EPS estimate being $0.60, the EPS surprise was +1.11%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Old National Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net interest margin (FTE): 3.6% versus 3.7% estimated by two analysts on average.Efficiency Ratio: 48.3% versus the two-analyst average estimate of 48.9%.Net Interest Income (FTE): $580.42 million versus the two-analyst average estimate of $589.33 million.Total noninterest income: $122.35 million versus the two-analyst average estimate of $119.5 million.View all Key Company Metrics for Old National Bancorp here>>>

Shares of Old National Bancorp have returned +9.4% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

EVANSVILLE, Ind., May 04, 2026 (GLOBE NEWSWIRE) -- Old National Bank (“Old National”) at the end of April participated in the U.S. Department of the Treasury’s Financial Literacy Month Roundtable with Community Bank leaders in Washington, D.C., hosted by U.S. Treasury Secretary Scott Bessent and top department officials.

Old National team member Ben Joergens, Financial Empowerment Program Director and host of the bank’s Real-Life Finance® podcast, was one of 14 bank leaders sharing perspectives on the importance of financial literacy and local banks’ efforts to provide financial education in their communities.

“We know that financial literacy is the foundation for the long-term success of our clients and the bank,” Joergens said. “From budgeting basics to homeownership readiness, our workshops, along with our podcasts and videos, empower people of all ages to take control of their financial future.”

Old National has been nationally recognized for its commitment to financial education that strengthens individuals, families, and communities. Its Real-Life Finance® platform, delivered throughout the bank’s primarily Midwest and Southeast footprint, offers financial education through school programs, workshops, nonprofit partnerships, workforce programs and digital-only platforms, often in collaboration with nationally recognized initiatives such as Junior Achievement, Bank On, and large universities. The curriculum recently expanded to include “Dinero Inteligente,” delivering translated content for Spanish-only or primarily Spanish-speaking clients and families.

The Financial Literacy Month Roundtable with Community Bank Leaders roundtable was part of the U.S. Treasury Department’s concurrent work on updating a National Strategy for Financial Inclusion to increase access to transaction accounts and reduce unbanked households. Bessent reiterated the critical role community bankers play in their communities to expand financial education and create additional opportunities.

“In my own life experiences, as an economic historian, and now as the 79th Treasury secretary, it is my firm belief financial literacy is what fuels the American Dream,” Bessent said. “Understanding how to make informed financial decisions unlocks opportunity for every American and their families.”

U.S. President Donald Trump also reinforced the importance of financial education in his Presidential Message on National Financial Literacy Month.

“I urge all Americans to invest in themselves by increasing their financial literacy,” President Trump said, “because the American promise is fully achieved when our citizens take the initiative to save, invest, and build a glorious American future.”

For more information on Old National’s Real-Life Finance® platform, the podcast or educational videos, go to oldnational.com/about-us/community/financial-education-courses/real-life-finance.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $73 billion of assets and $39 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of “The Civic 50” — an honor reserved for the 50 most community-minded companies in the United States.

Media Relations:
Rick Vach
(904) 535-9489
[email protected]

CHICAGO, May 28, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp (“Old National”), has named Shane Print President of Commercial & Industrial (“C&I”) Banking, where he will lead the company’s C&I Banking business and help accelerate growth across the organization.

Print brings nearly 25 years of financial services experience, most recently serving as Senior Vice President, Commercial Banking Market Executive for a major U.S. bank in Chicago where he led commercial banking activities across multiple markets.

“We are excited for Shane to drive innovation, client engagement, and growth through his deep financial services experience,” said Old National Commercial Banking President Chris Doyle. “His leadership will help us further strengthen and expand our Commercial Banking business capabilities across C&I, Agribusiness and SBA lending.”

Print’s background spans retail, small business, healthcare, commercial, and corporate banking across the Midwest and Southeast, with experience building high-performing teams, fueling growth and innovation, and advancing strategic priorities across complex, multi-state markets.

He is also highly engaged in the Chicago business community where he presently serves as Chairman of the Better Business Bureau of Chicago & Northern Illinois and is a member of the Board of Governors for The Metropolitan Club. He previously served on the Board of Directors for the Chicagoland Chamber of Commerce and was a member of the Executives’ Club of Chicago. Over his career, he has contributed to numerous civic and philanthropic organizations and has been recognized with the Gallup Great Workplace Award for Leadership Excellence.

He will office out of Old National’s Chicago Triangle location and will report to Doyle.

Print succeeds current C&I Banking President Kevin Anderson, who will retire at the end of the year following a 43-year banking career.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $73 billion of assets and $39 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of “The Civic 50” – an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected] 

Media Relations:
Rick Vach
(904) 535-9489
[email protected] 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5667a9f-aff5-45d4-82e9-af53b3551da6

Shane Print of Old National Bank Shane Print of Old National Bank