Old National Bancorp Reports Record Adjusted EPS and Net Income for Full Year 2025

summarizeSummary

Old National Bancorp announced strong fourth quarter and record full-year 2025 financial results, driven by record adjusted earnings per share, net income, and an improved efficiency ratio.

check_boxKey Events

• Record Full-Year Adjusted Performance

  The company achieved new organizational records for adjusted diluted EPS of $2.21, adjusted net income of $808.6 million, and an adjusted efficiency ratio of 46.0% for the full year 2025.

• Strong Fourth Quarter Earnings

  For Q4 2025, Old National Bancorp reported adjusted diluted EPS of $0.62 and adjusted net income applicable to common shares of $241.0 million.

• Improved Efficiency and Net Interest Margin

  The adjusted efficiency ratio improved to 46.0% in Q4, and the net interest margin on a fully taxable equivalent basis increased 1 basis point to 3.65%.

• Solid Loan Growth and Capital

  Period-end total loans grew 6.4% annualized to $48.8 billion, and preliminary regulatory Tier 1 common equity to risk-weighted assets increased to 11.08%.

auto_awesomeAnalysis

Old National Bancorp delivered strong fourth quarter results, capping an exceptional year with new organizational records for adjusted earnings per share, net income, and efficiency ratio. The company demonstrated solid operational performance with an improved net interest margin and significant loan growth. While there was a slight increase in provision for credit losses and net charge-offs, nonaccrual loans decreased, and capital ratios remained robust, indicating a healthy financial position. Investors should view these results as a positive indicator of the company's operational efficiency and growth trajectory.