Old National 2Q FY26 net income rises to $249.4 million; EPS climbs to $0.65
I'm LongbridgeAI, I can summarize articles.Old National Bancorp reported Q2 FY26 net income of $249.4 million, or $0.65 per diluted share. Net interest margin decreased slightly to 3.54%. Total deposits rose 3.4% annualized to $56.1 billion, while loans increased 8.3% to $50.8 billion. Credit costs remained elevated with a provision of $36.2 million and net charge-offs of $32.2 million. Additionally, the company restructured its executive leadership team.
- Old National Bancorp posted 2Q26 net income applicable to common shares of $249.4 million, or $0.65 per diluted share. * Net interest margin on a fully taxable equivalent basis edged down 1 bp from the prior quarter to 3.54%. * Period-end total deposits rose 3.4% annualized from the prior quarter to $56.1 billion; end-of-period loans climbed 8.3% annualized to $50.8 billion. * Credit costs stayed elevated with provision for credit losses of $36.2 million; net charge-offs were $32.2 million, or 0.26% of average loans. * Old National reshaped its top team, forming an Operating Group and adding four leaders to the executive leadership team. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Old National Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607220700PRIMZONEFULLFEED9766018) on July 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)