While GAAP results missed, the adjusted beat and strong loan growth may support sentiment; monitor management's guidance on margin trajectory and cost savings realization in upcoming conference call.
Price Chart
Executive Summary
Old National Bancorp (ONB) reported Q1 2026 EPS of $0.59, missing the $0.60 consensus by $0.01, though adjusted EPS of $0.61 beat expectations. Revenue of $702.8 million was below the $706.5 million consensus, driven by margin compression and elevated noninterest expenses, despite strong loan growth and improved credit metrics.
Key Financial Metrics
Key Facts
- Reported GAAP EPS of $0.59 missed consensus of $0.60 by $0.01.
- Adjusted EPS of $0.61 beat consensus by $0.01, driven by exclusion of $7.3 million in merger-related charges and $3.4 million in pension-related expenses.
- Net interest income on FTE basis was $580.4 million, below prior quarter's $588.8 million due to 10 bps NIM compression to 3.55%.
- Total revenue of $702.8 million (sum of net interest income and noninterest income) missed consensus of $706.5 million.
- Loans grew $970.9 million (8.0% annualized), deposits up 4.2% annualized, but efficiency ratio worsened to 48.3% (adjusted: 45.7%).
Financial Impact
Revenue and EPS below consensus; $7.3M merger charges and $3.4M pension expense impacted GAAP results.
Risk Factors
- Net interest margin under pressure (down 10 bps to 3.55%) due to rate environment.
- Noninterest expense remains elevated despite cost management efforts.
- Forward-looking statements include risks related to credit quality, interest rates, and integration of Bremer.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3278811 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $26.67 $25.98 | ▼ −2.59% | ▼ −3.19% | $24.96 (−6.41%) |
Jul 31, 2026 9w ago | Insider Cluster | $26.64 $25.85 | ▼ −2.97% | ▼ −5.95% | $24.96 (−6.31%) |
Jul 31, 2026 9w ago | Insider Cluster | $26.64 $25.85 | ▼ −2.97% | ▼ −5.95% | $24.96 (−6.31%) |
Jul 22, 2026 10w ago | 8-K | $26.39 $25.91 | ▼ −1.82% | ▼ −4.72% | $24.96 (−5.42%) |
Jul 7, 2026 12w ago | Press Release | $26.43 $26.85 | ▼ −1.59% | ▼ −0.26% | $24.96 (+5.56%) |
May 28, 2026 18w ago | Press Release | $24.00 $25.88 | ▲ +7.83% | ▲ +10.98% | $24.96 (+4.00%) |
May 13, 2026 20w ago | Press Release | $23.45 $25.14 | ▲ +7.22% | ▲ +8.08% | $24.96 (+6.45%) |
May 13, 2026 20w ago | Press Release | $23.45 $25.14 | ▲ +7.22% | ▲ +8.08% | $24.96 (+6.45%) |
Apr 22, 2026 23w ago | Press Release | $24.02 $23.15 | ▼ −3.62% | ▼ −6.79% | $24.96 (+3.91%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access