Old National Bancorp (NASDAQ: ONB) reported record net income for the third quarter of 2026, according to a press release filed with the SEC on October 21, 2026. The company reported net income applicable to common shares of $250.0 million, or $0.66 per diluted share.
Key financial metrics for the quarter included:
- Efficiency Ratio: A record 46.1% on a GAAP basis and a record 44.9% on an adjusted basis.
- Net Interest Income: $592.0 million on a fully taxable equivalent basis.
- Net Interest Margin: 3.52%, down 2 basis points.
- Total Deposits: $57.6 billion, up 10.6% annualized.
- Total Loans: $51.2 billion, up 2.9% annualized.
The company noted that total deposits increased by $1.3 billion on average during the quarter, driven by business and public funds. Total loans grew by $362.3 million, with commercial real estate and commercial and industrial loans contributing to the increase.
In terms of capital and shareholder returns, Old National repurchased $100 million of common stock during the quarter. The company also paid $55 million in quarterly common stock cash dividends, resulting in a combined payout ratio of 62%. The preliminary regulatory Tier 1 common equity to risk-weighted assets ratio was 11.11%.
The company will host a conference call and live webcast at 9:00 a.m. Central Time on October 21, 2026, to review the third quarter financial results.
