ONB|EPS $0.61 vs $0.61 est (+0.0%)|Rev $580.4M|Net Income $229.6MOld National Bancorp met Wall Street expectations in the first quarter of 2026, posting adjusted earnings per share of $0.61 that matched the consensus estimate. The Indiana-based bank holding company reported adjusted net income of $237.7M for the quarter as it continued to expand its commercial and consumer banking operations across the United States.
Revenue surged to $580.4M for the quarter, up 47.6% from the $393M recorded in Q1 2025. The robust top-line growth reflected the company’s ongoing expansion efforts in its core banking markets. Old National Bank, the company’s primary operating subsidiary, maintained a substantial deposit base of $55.67B at quarter end, providing a stable funding foundation for its lending activities.
The bank’s loan portfolio stood at 49,731,844,000 total loans as of the end of March, underscoring the company’s scale in serving both business and retail customers. Old National’s performance comes as regional banks navigate an environment of evolving interest rate dynamics and competitive pressures for deposits.
Analyst sentiment on the stock remains cautiously optimistic, with Wall Street consensus standing at 8 buy ratings, 5 hold ratings, and 0 sell ratings. The company’s ability to deliver earnings in line with expectations while posting substantial year-over-year revenue growth suggests stable execution of its regional banking strategy.
A detailed analysis of Old National Bancorp’s quarter follows shortly on AlphaStreet.
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