OLD NATIONAL BANCORP /IN/ (ONB) Form 10-Q — Oct 28, 2026
Old National Bancorp reported Q3 2026 net income of $254.0 million, or $0.66 diluted EPS, up 43% from $0.46 a year ago, with nine-month net income of $741.1 million versus $452.6 million in 2025. The results reflect the first full quarters of contribution from the Bremer Financial acquisition completed May 1, 2025 for total consideration of $1.35 billion, with merger-related costs falling to $0.7 million in Q3 2026 from $67.0 million a year earlier. Profitability metrics improved markedly: return on average assets reached 1.37%, the efficiency ratio improved to 46.09% from 58.84%, and book value per share rose to $21.26.
Key figures
- Eps
- 0.66
- Revenue
- 741080
- Net Income
- 253994
- Total Debt
- 7134231
- Revenue Yoy
- Net income for nine months +63.7% YoY ($741.1M vs $452.6M)
- Total Assets
- 74423980
- Cash Position
- 1679028
- Shares Outstanding
- 378258000
- Roa
- 1.37%
- Total loans
- 51148063
- Total deposits
- 57639107
- Efficiency ratio
- 46.09%
- Net interest margin
- 3.52%
- Q3 2025 diluted eps
- 0.46
- Q3 2026 diluted eps
- 0.66
- Book value per share
- 21.26
- Tier 1 capital ratio
- 11.54%
- Dividend per share q3
- 0.145
- Net interest income q3
- 584287
- Nine month diluted eps
- 1.9
- Return on avg common equity
- 12.03%
- Bremer merger costs 2026 ytd
- 19.2 million
- Net charge offs to avg loans
- 0.27%
- Common stock repurchased 2026 ytd
- 319.68 million
- Subordinated notes issued jan 2026
- 450.0 million at 5.768% due 2036
- Allowance for credit losses to loans
- 1.13%
- Bremer acquisition total consideration
- 1347895
AI analysis
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