The bank reported adjusted EPS of $0.65, surpassing the $0.63 estimate, driven by 13% revenue growth and loan expansion.
Old National Bancorp posted second-quarter 2026 adjusted earnings per share of $0.65, topping the $0.63 consensus estimate. Revenue reached $740.06 million, exceeding expectations of $716.25 million, supported by a 13% year-over-year increase in total revenue.
Net income attributable to common shareholders hit a record $249.4 million, or $0.65 per diluted share. Net interest income rose to $586.5 million from $580.4 million in the prior quarter, while noninterest income climbed to $153.6 million, boosted by fee income and a $13.2 million pretax gain from a pension settlement.
Shares of Old National gained 3.17% in premarket trading following the release. The bank’s net interest margin narrowed by one basis point to 3.54%, reflecting stable deposit pricing and loan growth.