Old National Bancorp reported stronger-than-expected second-quarter 2026 results, sending shares up 3.17% in premarket trading. The bank posted adjusted earnings per share of $0.65, beating the analyst consensus of $0.63, while revenue on a fully taxable equivalent basis reached $740.06 million, above the $716.25 million forecast. Net income attributable to common shareholders hit a record $249.4 million, supported by a 13% year-over-year revenue increase and a $13.2 million pretax gain from the Bremer pension plan settlement. Period-end loans grew 8.3% annualized to $50.8 billion, and total deposits rose to $56.1 billion with a slight decline in deposit costs. The bank also returned capital to shareholders through $107 million in stock repurchases and $56 million in dividends, while its adjusted efficiency ratio improved to a record 45.2%.
Old National BancorpOld National Bancorp reported Q2 earnings and revenue above analyst forecasts, with record net income and improved efficiency ratio.