ONB
Old National Bancorp (NASDAQ: ONB) reported stronger-than-expected second-quarter 2026 results, driven by...
Article Summary
BUY- Old National Bancorp (NASDAQ: ONB) reported stronger-than-expected second-quarter 2026 results, driven by higher revenue, solid loan growth, and record profitability.
- The bank posted adjusted earnings per share of $0.65 ahead of the analyst consensus estimate, while revenue on a fully taxable equivalent basis totaled $740.06 million, exceeding market expectations of $716.25 million.
- Net income attributable to common shareholders reached a record $249.4 million, supported by continued loan expansion and stable deposit pricing.
- Noninterest income climbed to $153.6 million from $122.3 million supported by stronger fee income and a $13.2 million pretax gain related to the settlement of the Bremer pension plan.
- Total deposits grew at an annualised rate of 3.4% to reach $56.1 billion, and overall cost of deposits declined by one basis point to 1.71%.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 33.4% | 25% | 85.0 ptsExcellent (33.4%) - Strong growth |
| EPS Growth Next 5Y ? | 13.3% | 25% | 35.0 ptsBelow Screener (13.3%) - Modest outlook |
| Target Price Upside ? | 10.9% | 20% | 50.0 ptsMeets Minimum (10.9%) - Target: $28.73 vs Current: $25.90 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -5.2% | 15% | 20.0 ptsBarely a Dip (-5.2%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About ONB
- Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.
- It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits.
- The company also offers loans, including home equity lines of credit, residential real estate loans, and consumer loans, as well as loans to commercial clients comprising commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.
- In addition, it offers debit and automated teller machine cards, telephone access and online banking, and other electronic and mobile banking services.
- Further, the company offers private banking, wealth management, trust, investment advisory, brokerage, and foreign currency services; treasury management, merchant, and capital markets services for businesses; and community development lending and equity investment solutions.
- Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.