Old National Bancorp Reports Record Q2 Earnings, $107M Share Buyback, and Executive Leadership Restructuring
ONB sits 35% above its 52-week low of $19.391 on elevated volume (2.1× avg).
Summary
Old National Bancorp reported record Q2 net income and EPS, driven by robust loan and deposit growth, alongside a substantial $107 million share repurchase and a strategic executive leadership restructuring.
Key Events · Earnings and Guidance · ONB
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Record Q2 Financials
Reported record net income applicable to common shares of $249.4 million ($0.65 diluted EPS) and record adjusted net income of $250.4 million ($0.65 adjusted diluted EPS).
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Strong Loan and Deposit Growth
Period-end total loans grew 8.3% annualized to $50.8 billion, and total deposits increased 3.4% annualized to $56.1 billion.
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Significant Share Repurchase
Repurchased $107 million, or 4.4 million shares, of common stock during the quarter, demonstrating capital return to shareholders.
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Enhanced Efficiency
Achieved a record efficiency ratio of 47.0% and a record adjusted efficiency ratio of 45.2%.
Analysis · ONB · Finance
Old National Bancorp delivered record second-quarter financial results, demonstrating strong operational performance and growth. The significant $107 million share repurchase program signals strong management confidence and commitment to returning capital to shareholders. Coupled with a strategic restructuring of its executive leadership, these developments position the company for continued growth and efficiency, reinforcing its strength as it trades near its 52-week high.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 41.9% of the 327 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ONB was trading at $26.17 on NASDAQ in the Finance sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $19.39 to $27.32. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.