Old National Bancorp (NASDAQ:ONB) Issues Quarterly Earnings Results, Meets Expectations

Posted by George Bondi on Oct 23rd, 2026

Old National Bancorp (NASDAQ:ONB – Get Free Report) issued its quarterly earnings data on Wednesday. The bank reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66, FiscalAI reports. The business had revenue of $719.50 million for the quarter, compared to the consensus estimate of $732.04 million. Old National Bancorp had a return on equity of 16.55% and a net margin of 23.36%. During the same quarter last year, the business posted $0.59 EPS.

Here are the key takeaways from Old National Bancorp’s conference call:

Record third-quarter results included adjusted EPS of $0.66, a 1.37% return on assets, 19.6% return on tangible common equity, and a record-low 44.9% adjusted efficiency ratio.
Balance-sheet growth remained strong, with deposits up 11% annualized and loans up 3% annualized sequentially; the commercial pipeline reached $4.4 billion, while C&I loans grew 12% year over year.
Credit trends improved, with criticized and classified loans down 9% sequentially and 16% year over year, while capital remained robust with CET1 above 11%; management plans to use the remaining $177 million buyback authorization opportunistically.
Management maintained its full-year outlook, including 6%-8% loan growth and more than 15% EPS growth, but expects full-year net interest income and expenses near the low ends of their respective ranges. Fourth-quarter mortgage fees may remain soft, while deposit competition and elevated funding costs could pressure margins despite an expected modest improvement.
Old National added 26 relationship managers, including 19 net-new commercial bankers, with a focus on C&I growth in Cleveland, Columbus, and other expansion markets; management said it is prioritizing organic growth and does not expect further M&A in the foreseeable future.

Old National Bancorp Stock Down 0.5%

Shares of ONB traded down $0.12 during mid-day trading on Friday, hitting $25.04. 327,284 shares of the company’s stock were exchanged, compared to its average volume of 3,729,016. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.94. Old National Bancorp has a 52 week low of $19.60 and a 52 week high of $27.36. The company has a market cap of $9.58 billion, a PE ratio of 11.12 and a beta of 0.86. The company has a 50-day simple moving average of $25.38 and a 200 day simple moving average of $25.10.

Old National Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Saturday, September 5th were paid a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, September 4th. Old National Bancorp’s dividend payout ratio (DPR) is currently 25.78%.

Analysts Set New Price Targets

ONB has been the subject of several recent analyst reports. National Bank Financial set a $32.00 price target on Old National Bancorp in a report on Friday, September 11th. TD Cowen dropped their price target on Old National Bancorp from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group started coverage on Old National Bancorp in a report on Tuesday, July 7th. They set a “buy” rating and a $32.00 price objective on the stock. Truist Financial boosted their price objective on Old National Bancorp from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Citigroup lowered their target price on Old National Bancorp from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.64.

View Our Latest Stock Report on Old National Bancorp

Insiders Place Their Bets

In related news, CEO Chady M. Alahmar sold 11,771 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $26.41, for a total value of $310,872.11. Following the completion of the transaction, the chief executive officer owned 63,531 shares of the company’s stock, valued at approximately $1,677,853.71. This trade represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas J. Chulos sold 20,000 shares of Old National Bancorp stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $26.66, for a total transaction of $533,200.00. Following the completion of the sale, the insider owned 53,544 shares in the company, valued at $1,427,483.04. The trade was a 27.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.72% of the company’s stock.

Old National Bancorp Company Profile

(Get Free Report)

Old National Bancorp (NASDAQ: ONB) is a regional financial services company headquartered in Evansville, Indiana. Through its principal subsidiary, Old National Bank, the company provides banking and financial solutions to individuals, families, businesses and institutions.

Its products and services include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury and cash-management services, trust and investment management, wealth management, and other financial advisory services.