Monitor next quarter's net interest margin trajectory and loan growth sustainability, as margin compression remains a key headwind despite strong loan growth and cost management.
Price Chart
Executive Summary
Old National Bancorp reported Q1 2026 GAAP EPS of $0.59 and adjusted EPS of $0.61, missing the $0.61 consensus estimate by $0.02. Revenue was $702.8M, slightly below consensus of $706.5M. The bank delivered strong loan growth and improved efficiency, but net interest margin declined 10 bps to 3.55% due to rate pressure. The company repurchased 3.9 million shares.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP EPS of $0.59 missed consensus of $0.61 by $0.02
- Adjusted EPS of $0.61, down from $0.62 in Q4 2025
- Revenue of $702.8M vs. consensus $706.5M
- Net interest margin declined 10 bps to 3.55% on a fully taxable equivalent basis
- Loan growth of $970.9M (8.0% annualized), driven by commercial loans
- Provision for credit losses increased to $34.9M from $32.7M
- Repurchased 3.9 million shares during the quarter
Financial Impact
EPS miss of $0.02 and revenue miss of $3.7M
Risk Factors
- Net interest margin compression due to rate environment
- Increased provision for credit losses
- Dependence on loan growth to offset margin pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-026389 |
| Document: onb-20260422.htm | 0001628280-26-026389 |
| Document: 0001628280-26-026389-index-headers.html | 0001628280-26-026389 |
| Document: 0001628280-26-026389-index.html | 0001628280-26-026389 |
| Document: 0001628280-26-026389.txt | 0001628280-26-026389 |
| 8-K Data (Synthetic) | 0001628280-26-026389 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 28, 2026 21w ago | S-3ASR | $24.83 $24.84 | ▲ +0.02% | ▼ −1.16% | $25.18 (+1.41%) |
May 13, 2026 23w ago | 8-K | $24.79 $24.92 | ▲ +0.52% | ▼ −3.07% | $25.18 (+1.57%) |
May 6, 2026 24w ago | 8-K | $24.80 $25.08 | ▲ +1.15% | ▼ −0.91% | $25.18 (+1.55%) |
Apr 22, 2026 26w ago | 8-K | $24.66 $25.06 | ▲ +1.59% | ▼ −3.19% | $25.18 (+2.09%) |
US Market Status
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