Old National Bancorp's Q1 net interest income falls

Old National Bancorp

22/04/2026 12:14

Overview

U.S. regional bank's Q1 adjusted EPS was $0.61, net income reached $229.6 mln

Net interest income fell from prior quarter, reflecting margin compression

Company repurchased 3.9 mln shares of common stock during the quarter

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

COMMERCIAL LOAN GROWTH - Co said strong commercial loan production drove loan growth in Q1

MARGIN COMPRESSION - Net interest income fell due to margin compression and lower asset yields, partly offset by loan growth and lower funding costs

EXPENSE MANAGEMENT - Adjusted noninterest expense decreased due to disciplined expense management and fully realized Bremer cost savings

Company press release: ID:nGNXc6NMhQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
$0.61
Q1 EPS
$0.59
Q1 Net Income
$229.64 mln
Q1 Net Interest Income
$572.57 mln
Q1 Credit Loss Provision
$34.95 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Old National Bancorp is $27.00, about 13.6% above its April 21 closing price of $23.77

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)