Old National (ONB) Q3 2026 Earnings Call Transcript

Old National Bancorp (ONB) reported record third-quarter 2026 results on a call led by Chairman and CEO James C. Ryan. Adjusted EPS was $0.66, matching reported GAAP EPS and hitting a company high. Net income reached $250.0 million, supported by strong deposit growth and disciplined loan expansion. Net interest income (FTE) rose 4% annualized to $592.0 million, while net interest margin (FTE) slipped to 3.52% as higher funding costs offset favorable rate/volume mix. Deposits totaled $57.6 billion, and total loans were $51.2 billion. The CET1 ratio was 11.11%. ONB authorized $100 million in Q3 buybacks, with $177 million remaining through February 2027, and maintained full-year EPS growth guidance of 15% or more.