Old National Bancorp Earnings Call Transcripts
Fiscal Year 2026
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Record 3Q EPS was $0.66, with peer-leading returns, strong deposit growth and stable credit. FY2026 guidance still calls for EPS growth above 15%, while loan growth is expected at the lower end of its 6%-8% range.
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Leadership remains focused on culture and client relationships while driving above-expected loan growth and record commercial pipelines. Fee income is rising, efficiency is prioritized, and AI investments are underway. Credit quality is strong, and capital is managed for organic growth and buybacks.
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Record Q2 results featured strong organic loan growth, record efficiency, and robust fee income. Capital ratios remain solid, with increased guidance for loan and fee income growth in 2026. Shareholder returns were significant, and credit quality remains stable.
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Shareholders approved all proposals, including board elections and the 2026 equity plan. Strong financial results and a successful partnership with Bremer Bank were highlighted, along with ongoing investments in talent, technology, and community initiatives.
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First quarter 2026 results exceeded expectations with strong loan growth, fee income, and disciplined expenses. Guidance for the year is unchanged, with loan and fee growth expected at the high end of the range and continued focus on capital return and operational efficiency.
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Record 2025 earnings and a successful Bremer integration set the stage for strong 2026 growth, with a focus on organic expansion, talent, and innovation. Competitive markets and rational deposit pricing persist, while capital return and technology investments remain priorities.
Fiscal Year 2025
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Record 2025 results featured strong adjusted EPS, net income, and efficiency, with Q4 driven by robust loan growth, improved credit, and successful Bremer Bank integration. 2026 guidance calls for continued organic growth, active capital returns, and stable to improving margins.
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Third quarter 2025 results exceeded guidance, with strong adjusted EPS, robust loan and deposit growth, and improved efficiency. Credit quality remains stable, capital ratios are strong, and integration of the Bremer partnership is complete, supporting continued organic growth and shareholder returns.
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Integration of the Bremer partnership is progressing well, supporting expansion in key Midwest markets and driving optimism for loan growth and financial performance. Focus remains on talent acquisition, aggressive deposit growth, and realizing full cost savings from the Bremer deal in early 2025.
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Second quarter 2025 results exceeded guidance, with adjusted EPS up 18% sequentially and 15% year-over-year, driven by the early Bremer Bank partnership close, strong loan and deposit growth, and disciplined expense management. Capital and credit metrics improved, and full-year guidance was raised for NII and fee income.
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First quarter 2025 results exceeded expectations, with strong loan and deposit growth, disciplined expense management, and robust capital ratios. The Bremer Bank partnership is closing earlier than planned, enhancing scale and balance sheet flexibility for the year.
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Celebrating 190 years, the bank is expanding to $70 billion in assets with the Bremer acquisition, focusing on disciplined growth, strong Midwest markets, and top-tier profitability. Loan growth is guided at 4%-6%, with fee income and wealth management as key drivers. Integration and regulatory execution are progressing well.
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The conference highlighted strong recent performance, strategic acquisitions, and disciplined growth plans. Integration of Bremer Financial is on track, supporting expansion and liquidity. Focus remains on organic growth, stable margins, and positive operating leverage.
Fiscal Year 2024
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Strong 2024 results featured robust deposit and loan growth, high returns, and disciplined expense management. Guidance for 2025 includes stable-to-improving net interest income, 4%-6% loan growth, and EPS above consensus, with continued focus on integration and capital flexibility.
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The merger creates a leading Upper Midwest bank with $70 billion in assets, strong deposit growth, and significant market share in the Twin Cities. The deal is expected to deliver 22% EPS accretion by 2026, 30% cost savings, and unlocks growth for both organizations.
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Third quarter 2024 results met expectations, with strong deposit and loan growth, stable margins, and robust capital levels. Credit quality remains solid despite some normalization, and management maintains a positive outlook for organic growth and capital build.
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Leadership transition and recent acquisitions have strengthened the organization, with a focus on organic growth in core and new markets. CapStar integration is on track, deposit competition is easing, and targeted investments in wealth and treasury management support future profitability.
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Second quarter adjusted EPS exceeded expectations, driven by revenue growth, disciplined expenses, and strong loan and deposit growth, including the successful CapStar Bank integration. Credit quality remains solid, capital ratios are stable, and guidance for 2024 is reaffirmed.