Old National Bancorp posts record Q3 2026 net income and returns $155 million to shareholders
Old National Bancorp reported record third‑quarter 2026 net income of $155 million, driven by deposit growth of 10.6% annualized to $57.6 billion and loan growth of 2.9% annualized to $51.2 billion. Net interest income rose to $592.0 million, while the net interest margin slipped to 3.52%. The bank repurchased $100 million of common stock and paid $55 million in cash dividends, yielding a combined payout ratio of 62%.
Why it matters
The strong earnings and capital return signal robust profitability and cash generation, which may support continued share buybacks and dividend payments. However, the slight margin compression hints at rising deposit funding costs that could affect future earnings.
Key facts
- 1Record third‑quarter 2026 net income applicable to common shares was $155 million. stocktitan.net
- 2Period‑end total deposits were $57.6 billion, up 10.6% annualized. stocktitan.net
- 3Period‑end total loans were $51.2 billion, up $362.3 million (2.9% annualized). stocktitan.net
- 4Net interest income on a fully taxable equivalent basis increased to $592.0 million. stocktitan.net
- 5Net interest margin on a fully taxable equivalent basis decreased 2 basis points to 3.52%. stocktitan.net
- 6The company repurchased $100 million of common stock and paid $55 million in quarterly cash dividends, for a combined payout ratio of 62%. stocktitan.net
Open questions
- Revenue figures differ across sources: $712.73 million, $719.5 million, $720.4 million, $1.05 billion.
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.