Old National Bancorp Q3 profit reaches record $250 million as deposits grow

• Old National Bancorp (NASDAQ:ONB) reported third-quarter 2026 net income applicable to common shareholders of $250 million, with diluted earnings of $0.66 per share, up from $0.46 a year earlier.
• Period-end deposits reached $57.6 billion, increasing 10.6% at an annualized quarterly rate, while loans rose to $51.2 billion.
• The reported efficiency ratio reached a record 46.1%, while fully taxable-equivalent net interest margin declined two basis points to 3.52%.

Old National Bancorp (NASDAQ:ONB) reported record third-quarter 2026 net income applicable to common shareholders of $250 million, supported by deposit growth and lower operating expenses.

Diluted earnings increased to $0.66 per share from $0.65 in the preceding quarter and $0.46 a year earlier, while adjusted EPS also reached $0.66.

Period-end deposits increased to $57.6 billion, representing 10.6% annualized sequential growth, while loans including held-for-sale balances rose to $51.2 billion.

Fully taxable-equivalent net interest income increased to $592 million from $586.5 million, although the corresponding net interest margin narrowed to 3.52% from 3.54%.

Noninterest income declined to $128.4 million, while noninterest expense fell to $355.4 million, helping the reported efficiency ratio improve to a record 46.1%.

Old National reported a preliminary common equity Tier 1 capital ratio of 11.11%, repurchased $100 million in shares and recorded $33.6 million in credit-loss provisions.