Old National Bancorp ( (ONB) ) has released its Q2 earnings. Here is a breakdown of the information Old National Bancorp presented to its investors.
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Old National Bancorp is a prominent financial institution based in the Midwest, specializing in commercial banking, wealth management, and capital markets services. As one of the largest banks in its region, it is known for its commitment to community service and long-term client relationships.
In its second quarter of 2025, Old National Bancorp reported a net income of $121.4 million, with a diluted earnings per share (EPS) of $0.34. The company also announced the appointment of Tim Burke as the new President and Chief Operating Officer, bringing extensive banking experience to the role.
Key financial highlights include an increase in net interest income to $521.9 million and a net interest margin of 3.53%. The company’s total deposits grew significantly to $54.4 billion, largely due to its recent partnership with Bremer. Additionally, the bank’s loan portfolio expanded to $48.0 billion, with a notable rise in commercial loan production.
Despite the positive growth, Old National faced challenges with a provision for credit losses amounting to $106.8 million, influenced by the acquisition-related expenses. However, the bank maintained a strong efficiency ratio, reflecting disciplined expense management.
Looking ahead, Old National Bancorp is well-positioned to continue its growth trajectory, supported by a robust balance sheet and strategic leadership changes. The company remains focused on enhancing client services and community impact as it navigates the evolving financial landscape.