Old National Posts Record Q3: $0.66 EPS, 46.1% Efficiency Ratio, $100M Buyback
ONB sits 25% above its 52-week low of $19.6.
Summary
Old National reported record Q3 2026 net income of $250.0M, or $0.66 per diluted share, on a record 46.1% efficiency ratio, with stable credit and $100M of buybacks in the quarter.
Key Events · Earnings and Guidance · ONB
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Record Q3 Earnings
Net income applicable to common shares of $250.0M, or $0.66 diluted EPS ($0.66 adjusted), on $720.4M of FTE revenue.
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Record Efficiency Ratio
Efficiency ratio of 46.1% (44.9% adjusted) versus 47.0%/45.2% in Q2; adjusted noninterest expense fell to $354.7M from $360.1M.
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Margin Slips, Deposits Grow
NIM (FTE) of 3.52%, down 2 bps; period-end deposits of $57.6B rose 10.6% annualized while loans of $51.2B grew 2.9% annualized.
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Stable Credit Quality
Provision of $33.6M, net charge-offs of 27 bps of average loans, 30+ day delinquencies of 0.25% and nonaccruals at 0.92% of loans.
Analysis · ONB · Finance
Old National delivered a record quarter: $250.0M of net income applicable to common shares ($0.66 diluted EPS, $0.66 adjusted) on $720.4M of FTE revenue, with a record 46.1% efficiency ratio (44.9% adjusted). Net interest income rose to $592.0M even as the margin slipped 2 bps to 3.52%, and deposit growth of 10.6% annualized outpaced loan growth of 2.9%, leaving a loan-to-deposit ratio of 89%. Credit looks stable — provision fell to $33.6M, net charge-offs were 27 bps of average loans and nonaccruals held at 0.92% — while CET1 of 11.11% funded $100M of buybacks (3.9M shares) and $55M of dividends in the quarter. The soft spot is fee income: noninterest income fell 9.1% excluding pension and securities items, largely on ~$10M of elevated other income in Q2 that did not repeat, and the commercial pipeline dropped 20% from record levels. For a $9.7B-market-cap bank, this is a solid operating beat with no balance-sheet surprises.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 32.5% of the 1962 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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 $24.51 on NASDAQ in the Finance sector, with a market capitalization of approximately $9.7B. The 52-week trading range was $19.60 to $27.36. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.