Old National Bancorp Capital (ONB)
NASDAQ:ONB
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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.63Last Year’s EPS
0.53Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum: robust loan growth (8% annualized), a record $5.5B pipeline (+~14% YoY), improving efficiency (adjusted efficiency ratio ~46%), solid fee performance ($122M) and peer-leading profitability with tangible book value up ~11% YoY. Management returned capital ($151M) while maintaining CET1 >11% and reiterated 4%–6% loan growth guidance and 15%+ EPS growth for the year. Headwinds included near-term NII/NIM pressure from seasonality, sub-debt issuance and mix impacts (≈19 bps negative), heightened deposit competition in some markets, transition-related criticized loans (+$113M) from the Bremer acquisition, and potential expense increases related to accelerated hiring and investments. Overall, positives (growth, profitability, capital returns, efficiency, and stable credit) materially outweighed the manageable near-term headwinds and sensitivities tied to rates and competition.Company Guidance
Earnings and Profitability
GAAP EPS $0.59; adjusted EPS $0.61 (ex. $0.02 merger-related and a noncash pension item). Management reiterated full-year outlook targeting 15%+ EPS growth and emphasized top-decile profitability (ROA and tangible common equity returns).
Strong Loan Growth and Robust Pipeline
Total loans grew 8% annualized quarter-over-quarter; C&I loans grew 16.9% annualized. Record loan pipeline of $5.5 billion, up ~14% from year-end; full-year loan growth guide 4%–6% with expectation to trend toward the higher end.
Deposit and Funding Strength
Total deposits increased 4.2% annualized; loan-to-deposit ratio ~89%; noninterest-bearing deposits ~23% of total. Management lowered total deposit costs by ~8 basis points and interest-bearing deposit costs by ~14 basis points; spot deposit rate ~170 bps at March 31.
Capital Position and Shareholder Returns
CET1 comfortably north of 11%. Returned $151 million to shareholders in Q1, repurchased 3.9 million shares in the quarter (6.1 million over last 12 months) with $383 million remaining under the repurchase program. Management expects potential regulatory capital relief (up to ~100 bps CET1 upside) from proposed rule changes.
Expense Control and Efficiency
Adjusted noninterest expense $354 million; realized 100% of the $111 million annual run-rate cost saves from Bremer. Delivered a record low adjusted efficiency ratio (~46% / 45.7%), and reported positive operating leverage quarter-over-quarter and year-over-year.
Fee Income and Business Revenue
Adjusted noninterest income $122 million, above guidance. Mortgage and capital markets outperformed expectations (benefited from mid-quarter rate dip); management expects fee income to trend toward the high end of guidance.
Stable Credit Metrics
Total net charge-offs 26 bps (19 bps excluding charge-offs on PCD loans). Allowance for credit losses to total loans (including reserve for unfunded commitments) 122 bps, down 2 bps QoQ. Nonaccrual loans decreased modestly — fourth consecutive quarter of improvement. Exposure to MDFIs de minimis (~1% of total loans) and performing.
ONB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ONB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $23.77 | $24.02 | +1.05% |
Jan 22, 2026 | $23.87 | $24.09 | +0.91% |
Oct 22, 2025 | $20.42 | $20.55 | +0.63% |
Jul 22, 2025 | $22.23 | $21.90 | -1.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Old National Bancorp Capital (ONB) report earnings?
Old National Bancorp Capital (ONB) is schdueled to report earning on Jul 28, 2026, Before Open (Confirmed).
What is Old National Bancorp Capital (ONB) earnings time?
Old National Bancorp Capital (ONB) earnings time is at Jul 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONB EPS forecast?
ONB EPS forecast for the fiscal quarter 2026 (Q2) is 0.63.