OLD NATIONAL BANCORP /IN/ has recently released its 10-Q report. Old National Bancorp is the bank holding company for Old National Bank, which provides consumer and commercial banking services in the United States. Its business includes deposit products, a range of consumer and commercial loans, and fee-based services such as wealth management, treasury management, brokerage, merchant services, and electronic banking. The company was founded in 1834 and is headquartered in Evansville, Indiana.
For the three months ended June 30, 2026, net income applicable to common shareholders rose to $249.4 million from $121.4 million a year earlier, while diluted earnings per share increased to $0.65 from $0.34. Net interest income was $579.0 million, compared with $514.8 million in the prior-year quarter, and noninterest income increased to $153.6 million from $132.5 million. Noninterest expense was $372.2 million, down from $384.8 million, and the provision for credit losses fell to $36.2 million from $106.8 million.
For the first six months of 2026, net income applicable to common shareholders was $479.0 million, up from $262.0 million in the same period of 2025, and diluted EPS increased to $1.24 from $0.77. Net interest income climbed to $1.152 billion from $902.4 million, while noninterest income rose to $275.9 million from $226.3 million. Noninterest expense increased to $736.9 million from $653.2 million, but the provision for credit losses declined to $71.2 million from $138.2 million.
At June 30, 2026, total loans were $50.77 billion, up from $47.90 billion at year-end 2025, and total deposits were $56.15 billion, compared with $55.09 billion. Total assets reached $74.19 billion, versus $72.15 billion at Dec. 31, 2025, while borrowed funds increased to $8.42 billion from $7.45 billion. Shareholders’ equity rose to $8.58 billion from $8.49 billion.
Credit metrics improved during the period. Non-performing loans fell to 0.91% of ending loans from 1.24% a year earlier, and net charge-offs were 0.26% of average loans, unchanged from the prior quarter and up slightly from 0.24% in the first half of 2025. The allowance for credit losses on loans stood at 1.14% of ending loans, compared with 1.18% at June 30, 2025.
Profitability ratios also moved higher. Return on average assets was 1.38% for the quarter and 1.34% for the first half, compared with 0.77% and 0.91% in the corresponding 2025 periods. Return on average common equity was 12.07% for the quarter and 11.57% for the six months, versus 6.74% and 7.83% a year earlier. The efficiency ratio improved to 47.04% for the quarter and 47.63% for the half-year, from 55.80% and 54.92%. As a result of these announcements, the company's shares have moved -1.19% on the market, and are now trading at a price of $26.57. If you want to know more, read the company's complete 10-Q report here.
