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Old National Bancorp Capital (ONB)
NASDAQ:ONB
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.61Last Year’s EPS
0.45Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance for 2025 with record adjusted profitability, meaningful tangible book value growth, improving credit metrics, successful integration of the Bremer partnership and a clear plan for capital returns. Lowlights were limited to merger-related one-time charges, seasonality in deposit flows, a modest reduction in reserve coverage driven by improving criticized/classified loan trends, and the fact that some Bremer cost savings remain to be fully realized. Overall, the positives — including top-tier profitability, capital generation, loan production, and improved credit — materially outweigh the near-term and one-time challenges.Company Guidance
Record Profitability and Efficiency
Fourth quarter adjusted EPS of $0.62 (GAAP EPS $0.55) — up 5% linked quarter and up 27% year-over-year. Adjusted return on average tangible common equity near 20%, adjusted ROA of 1.37%, and a record low adjusted efficiency ratio of 46%.
Strong Capital and Tangible Book Value Growth
Tangible book value per share increased 4% sequentially and ~15% year-over-year. CET1 capital ratio rebuilt quickly to over 11%. Tangible common equity (TCE) up ~20 basis points linked quarter. Repurchased 2.2 million shares during 2025 (including 1.1 million late in the fourth quarter).
Loan Growth and Production Momentum
Total loans grew 6.4% annualized from the prior quarter; loan production was up 25% and the pipeline increased nearly 15% quarter-over-quarter. Company guidance supports full-year 2026 loan growth of 4%–6% and Q1 2026 growth of 3%–5%.
Deposit and Liquidity Metrics
Loan-to-deposit ratio at 89%. Noninterest-bearing deposits increased to 26% of core deposits (from 24% prior quarter). Brokered deposits remain relatively low at 6.7% of total deposits. Spot cost of total deposits decreased 17 basis points linked quarter to a 1.68% rate at year-end.
Net Interest Income and Repricing Tailwinds
Net interest income and margin increased as guided. New-money yields on securities are ~94 basis points above back-book yields; expected ~$2.9 billion in securities cash flow over the next 12 months to support NII. Company expects modest margin expansion in 2026 driven by asset repricing, loan growth and deposit management.
Stronger Fee Income and Controlled Expenses
Adjusted noninterest income of $126 million in the quarter, exceeding guidance with mortgage and capital markets performing better than expected. Adjusted noninterest expense of $365 million with positive operating leverage year-over-year.
Credit Metrics Improved
Criticized and classified loans decreased by approximately $278 million (~8%) quarter-over-quarter; nonaccrual loans down ~$70 million (~12%). Total net charge-offs were 27 basis points (16 bps excluding PCD loans). Allowance for credit losses including unfunded commitments at 124 bps (down 2 bps quarter-over-quarter) with conservative qualitative overlays.
Successful Bremer Integration
Completed systems conversion and integration related to Bremer partnership smoothly. Deal solidified Minnesota footprint and added attractive funding in North Dakota. Initial cost saves realized (~28% of anticipated Bremer cost saves in 4Q) with full savings expected in Q1 2026.
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 |
|---|---|---|---|
Jan 22, 2026 | $24.02 | $24.24 | +0.92% |
Oct 22, 2025 | $20.55 | $20.68 | +0.63% |
Jul 22, 2025 | $22.37 | $22.04 | -1.50% |
Apr 22, 2025 | $18.84 | $19.55 | +3.81% |
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 Apr 28, 2026, Before Open (Confirmed).
What is Old National Bancorp Capital (ONB) earnings time?
Old National Bancorp Capital (ONB) earnings time is at Apr 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 (Q1) is 0.61.