Old National Bancorp reports record Q3 2026 net income and EPS but misses revenue estimates
Old National Bancorp posted a record third‑quarter 2026 net income of $250.0 million, translating to diluted GAAP EPS of $0.66. Deposits grew 10.6% annualized to $57.6 billion and loans rose 2.9% annualized to $51.15 billion. Net interest income was $592.0 million, giving a net interest margin of 3.52%, while total revenue of $720.4 million fell short of analysts’ expectations. The bank repurchased $100 million of common stock and paid $55 million in dividends, resulting in a 62% payout ratio.
Why it matters
The earnings beat on EPS supports the bank’s dividend sustainability, but the revenue miss may pressure analysts’ forecasts for the next quarter (the company noted the shortfall in its release). The share repurchase and dividend payout indicate continued capital return to shareholders, which may influence investor demand for ONB.
Key facts
- 1Net income applicable to common shares was $250.0 million for Q3 2026. tradingview.com
- 2Diluted GAAP EPS for the quarter was $0.66. tradingview.com
- 3Total deposits at period end were $57.6 billion, up 10.6% annualized. stocktitan.net
- 4Total loans at period end were $51.15 billion, up $362.3 million (2.9% annualized). tradingview.com
- 5Net interest income (fully taxable equivalent) was $592.0 million. tradingview.com
- 6Net interest margin (fully taxable equivalent) was 3.52%, down 2 bps sequentially. tradingview.com
Open questions
- Net income figure: material 1 reports $155 million, while materials 2‑5 report $250 million (or $249.96 million).
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.