Business
Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results
EVANSVILLE, Ind., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) reports 4Q25 net income applicable to common shares of $212.6 million,
About this update from Old National Bancorp
[{"type":"text","content":"EVANSVILLE, Ind., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) reports 4Q25 net income applicable to common shares of $212.6 million, diluted EPS of $0.55; $241.0 million and $0.62 on an adjusted1 basis, respectively. Full-year net income applicable to common shares of $653.1 million, diluted EPS of $1.79; $808.6 million and $2.21 on an adjusted1 basis, respectively. CEO COMMENTARY: \"Old National’s strong fourth quarter earnings punctuate an exceptional year that set new organizational records for adjusted earnings per share, net income, and efficiency ratio,\" said Chairman and CEO Jim Ryan. \"Our 2025 results were driven by a focus on fundamentals – core deposit growth to support loan expansion, positive operating leverage, disciplined credit management, and healthy liquidity and capital ratios.\" FOURTH QUARTER HIGHLIGHTS2: Net Income Net income applicable to common shares of $212.6 million; adjusted net income applicable to common shares1 of $241.0 millionEarnings per diluted common share (\"EPS\") of $0.55; adjusted EPS1 of $0.62 Net Interest Income/NIM Net interest income on a fully taxable equivalent basis1 of $588.8 millionNet interest margin on a fully taxable equivalent basis1 (\"NIM\") of 3.65%, up 1 basis point (\"bp\") Operating Performance Pre-provision net revenue1 (\"PPNR\") of $312.3 million; adjusted PPNR1 of $349.6 million, up 4%Noninterest expense of $386.3 million; adjusted noninterest expense1 of $364.8 millionEfficiency ratio1 of 51.6%; adjusted efficiency ratio1 of 46.0% Deposits and Funding Period-end total deposits of $55.1 billion, up 0.6% annualized; core deposits down 3.2% annualizedGranular low-cost deposit franchise; total deposit costs of 180 bps, down 17 bps Loans and Credit Quality End-of-period total loans3 of $48.8 billion, up $768.8 million or 6.4% annualizedProvision for credit losses4 (\"provision\") of $32.7 millionNet charge-offs of $32.1 million, or 27 bps of average loans; 16 bps excluding purchased credit deteriorated (\"PCD\") loans that had an allowance at acquisition30+ day delinquencies of 0.22% and nonaccrual loans of 1.07% of total loans Return Profile & Capital Return on average tangible common equity1 (\"ROATCE\") of 17.8%; adjusted ROATCE1 of 19.9%Preliminary regulatory Tier 1 common equity to risk-weighted assets of 11.08%, up 6 bps Notable Items $24....