Old National 2Q FY26 net income rises to $249.4 million; EPS climbs to $0.65
ONB•Leadership changes
Old National reshaped its top team, forming an Operating Group and adding four leaders to the executive leadership team.
Margins, deposits and loans
Net interest margin on a fully taxable equivalent basis edged down 1 bp from the prior quarter to 3.54%.
Period-end total deposits rose 3.4% annualized from the prior quarter to $56.1 billion; end-of-period loans climbed 8.3% annualized to $50.8 billion.
Credit costs remain elevated
Credit costs stayed elevated with provision for credit losses of $36.2 million; net charge-offs were $32.2 million, or 0.26% of average loans.
Quarterly profit rises and EPS climbs
Old National Bancorp posted 2Q26 net income applicable to common shares of $249.4 million, or $0.65 per diluted share.
