Old National Posts $0.66 EPS, Reaffirms 15%+ Growth, Adds $100M Buyback
ONB sits 25% above its 52-week low of $19.6 on elevated volume (1.8× avg).
Summary
Old National delivered Q3 net income of $250M, or $0.66 per diluted share, with net interest income of $592M and a 3.52% net interest margin. Deposits grew 10.6% year over year to $57.64B against $51.15B in loans, and the efficiency ratio came in at 44.9% with CET1 at 11.11%. Management reaffirmed full-year 2026 guidance of EPS growth above 15% and loan growth near the low end of the 6%-8% range. The bank repurchased $100M of stock (about 3.9M shares) in the quarter and $327M over the past year, leaving $177M on the authorization; dividends plus buybacks equaled 62% of net income. This follows the 8-K filed October 21 with the same headline numbers and the Dow Jones report on $720.4M of revenue — the buyback pace and capital return are the incremental detail here.
At the time of this announcement, ONB was trading at $24.59 on NASDAQ in the Finance sector, with a market capitalization of approximately $9.4B. The 52-week trading range was $19.60 to $27.36. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.