Old National Bancorp Reports Record Q2 2026 Earnings Amid Leadership Restructuring — Old National Bancorp

Event summary

Old National Bancorp reported record net income of $249.4 million for Q2 2026, with diluted EPS of $0.65.
The bank announced the formation of an Operating Group and expansion of its Executive Leadership Team to enhance strategic alignment and execution.
Total deposits increased by 3.4% annualized to $56.1 billion, while loans grew by 8.3% annualized to $50.8 billion.
Credit quality remained strong with net charge-offs at 26 basis points of average loans.
The bank repurchased $107 million of common stock during the quarter.

The big picture

Old National Bancorp's record Q2 2026 results reflect its long-term growth strategy, emphasizing disciplined execution and strategic leadership restructuring. The bank's focus on organic growth, coupled with enhanced governance structures, positions it to navigate industry trends and regulatory dynamics in the evolving financial services landscape.

What we're watching

Strategic Execution: How the newly formed Operating Group will impact Old National's ability to connect strategy to execution and drive organic growth.
Credit Quality: Whether the bank can maintain its strong credit quality metrics amid growing loan portfolios and potential economic headwinds.
Regulatory Compliance: The pace at which regulatory changes, particularly in public policy and stakeholder engagement, will affect Old National's operations under the new Chief Government and Corporate Affairs Officer.