Financial Data and Key Metrics Changes - The company reported GAAP Q2 earnings per share of $0.34, with adjusted earnings per share of $0.53, reflecting an 18% increase over the prior quarter and a 15% increase year over year [11][12] - The CET1 ratio was better than expected at 10.74%, approximately 50 basis points higher than anticipated [7][12] - Tangible book value per share increased by 14% year over year [7][24] Business Line Data and Key Metrics Changes - Total loans increased by $11.5 billion, with a 3.7% annualized growth excluding Bremer [14] - The investment portfolio grew by $3.4 billion from the prior quarter, primarily due to Bremer and reinvestment of cash flows [14] - Adjusted noninterest income was $112 million for the quarter, showing increases across all line items due to Bremer and organic growth [19] Market Data and Key Metrics Changes - Total deposits increased by $13.3 billion, with core deposits (excluding brokered) up by $11.6 billion [16] - Noninterest-bearing deposits represented 25% of core deposits, up 2% from the first quarter [16] - The loan-to-deposit ratio was 88%, down 1% from the last quarter [17] Company Strategy and Development Direction - The company is focused on organic growth and maintaining a disciplined approach to credit management, particularly in a competitive commercial real estate market [36][66] - The recent partnership with Bremer is expected to enhance the company's position and provide significant flexibility around its balance sheet [9][30] - The company is committed to investing in technology and enhancing its infrastructure to better serve clients [100][102] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding client sentiment, noting increased competition in the commercial real estate sector [36][40] - The company anticipates continued growth in net interest income and net interest margin in the second half of 2025, supported by the Bremer partnership [15][29] - There is a recognition of uncertainty surrounding global economic conditions, which could impact growth and rates [29] Other Important Information - The company appointed Tim Burke as the new president and COO, effective immediately [4][5] - The merger with Bremer was completed two months ahead of schedule, contributing positively to earnings momentum [23][30] Q&A Session Summary Question: Client sentiment and loan growth outlook - Management noted that while there is economic optimism among clients, increased competition in commercial real estate has led to a more cautious loan growth outlook [36][40] Question: Increase in non-performing assets (NPAs) - The increase in NPAs was attributed to the merger with Bremer, but overall NPAs as a percentage of total loans have decreased [45] Question: Spot rates on loans and bonds - The current spot rate on loans is approximately five basis points higher than reported, with new money yields in the high sixes [51] Question: Capital deployment and buyback expectations - Management indicated a focus on building capital post-merger, with potential for buybacks being considered in the future [54] Question: Deregulatory environment impact - Management expressed a positive outlook on the deregulatory environment, which could facilitate growth opportunities [60][62] Question: Active portfolio management - Active portfolio management involves reducing classified and criticized loans through payoffs and refinancing, with a focus on maintaining credit quality [72] Question: Fee income outlook - Fee income is expected to remain strong, driven by growth in mortgage, wealth management, and capital markets [91]

Old National Bancorp (ONB) reported $654.37 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 35.8%. EPS of $0.53 for the same period compares to $0.46 a year ago. The reported revenue represents a surprise of +5.02% over the Zacks Consensus Estimate of $623.08 million. With the consensus EPS estimate being $0.51, the EPS surprise was +3.92%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Financial Performance Highlights - The company's reported EPS was $0.34, while the adjusted EPS reached $0.53[9] - Net income was reported at $121 million, with an adjusted net income of $191 million[9] - Return on average tangible common equity was 12%, and the adjusted return on average tangible common equity was 18.1%[9] Balance Sheet Strength - Total loans increased by 32% year-over-year to $47.98 billion[11] - Total deposits grew by 36% year-over-year to $54.358 billion[11] - Available-for-sale securities increased by 55% year-over-year to $11.005 billion[11] Bremer Acquisition Impact - The acquisition of Bremer was completed on May 1, 2025, strengthening the company's presence in the Midwest[10] - The Day 2 Provision (non-PCD loans & unfunded loan commitments) was $76 million[53] - Core deposit intangibles related to the Bremer acquisition amounted to $397 million[53] Net Interest Income and Margin - Net interest income (FTE) increased by 33% compared to the previous quarter, reaching $522 million[27] - Net interest margin (NIM) (FTE) increased by 26 bps from the previous quarter to 3.53%[27]

Old National Bancorp (ONB) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +3.92%. A quarter ago, it was expected that this holding company for Old National Bank would post earnings of $0.42 per share when it actually produced earnings of $0.45, delivering a surprise of +7.14%.Over th ...

Executive Summary & CEO Commentary Old National Bancorp reported strong Q2 2025 results, with adjusted diluted EPS of **$0.53**, driven by balance sheet growth, expanded fee-based businesses, and expense control, further strengthened by the Bremer partnership and new leadership appointment - Adjusted diluted EPS for Q2 2025 was **$0.53**[1](index=1&type=chunk) - The Bremer partnership successfully closed on May 1, 2025, contributing to a larger balance sheet and stronger capital position[1](index=1&type=chunk) - Tim Burke was named Old National's President and Chief Operating Officer[1](index=1&type=chunk) [Second Quarter Highlights](index=1&type=section&id=SECOND%20QUARTER%20HIGHLIGHTS) Old National Bancorp's Q2 2025 highlights reflect significant growth and operational performance, largely influenced by the Bremer partnership, with adjusted net income of **$190.9 million** and a net interest margin of **3.53%** | Metric | Value | | :--- | :--- | | Net income applicable to common shares | $121.4 million | | Adjusted net income applicable to common shares | $190.9 million | | EPS, diluted | $0.34 | | Adjusted EPS | $0.53 | | Metric | Value | Change | | :--- | :--- | :--- | | Net interest income (FTE) | $521.9 million | | | Net interest margin (FTE) | 3.53% | Up 26 bps | | Metric | Value | Change | | :--- | :--- | :--- | | Period-end total deposits | $54.4 billion | Up $13.3 billion | | Period-end core deposits | Up $11.6 billion | | | Total deposit costs | 193 bps | Up 2 bps | | Metric | Value | | :--- | :--- | | End-of-period total loans | $48.0 billion | | Provision for credit losses | $106.8 million | | Net charge-offs | $26.5 million (24 bps of average loans) | | 30+ day delinquencies | 0.30% | | Nonaccrual loans | 1.24% of total loans | | Metric | Value | Change | | :--- | :--- | :--- | | ROATCE | 12.0% | | | Adjusted ROATCE | 18.1% | | | Preliminary regulatory Tier 1 common equity to risk-weighted assets | 10.74% | Down 88 bps | - Key events impacting Q2 results include the closing of the Bremer partnership on May 1, 2025, a **$75.6 million** pre-tax CECL Day 1 non-PCD provision expense, **$41.2 million** pre-tax merger-related charges, and a **$21.0 million** pre-tax pension plan gain[3](index=3&type=chunk) [Leadership Update: Appointment of President and COO](index=2&type=section&id=TIM%20BURKE%20TO%20JOIN%20OLD%20NATIONAL%20AS%20PRESIDENT%20AND%20COO) Timothy M. Burke, Jr. was appointed President and Chief Operating Officer, bringing nearly 30 years of banking experience to oversee Commercial, Community, Wealth, Credit, and Marketing segments - Timothy M. Burke, Jr. joined Old National Bancorp as President and Chief Operating Officer on July 22, 2025[4](index=4&type=chunk) - Mr. Burke brings nearly **30 years** of extensive banking expertise, with prior leadership experience in commercial banking across **12 Midwestern markets**[4](index=4&type=chunk)[5](index=5&type=chunk) - As President and COO, Burke will be responsible for guiding the success of Old National's Commercial, Community, and Wealth segments, and Credit and Marketing teams[6](index=6&type=chunk) [Results of Operations](index=2&type=section&id=RESULTS%20OF%20OPERATIONS) Old National Bancorp reported Q2 2025 net income of **$121.4 million** ($0.34 diluted EPS), with adjusted net income of **$190.9 million** ($0.53 diluted EPS) after excluding significant one-time items | Metric | Q2 2025 Value | | :--- | :--- | | Net income applicable to common shares | $121.4 million | | Diluted common share EPS | $0.34 | | Adjusted net income | $190.9 million | | Adjusted diluted common share EPS | $0.53 | - Adjusted results exclude **$75.6 million** of pre-tax CECL Day 1 non-PCD provision expense, **$41.2 million** of pre-tax merger-related expenses, and a **$21.0 million** pre-tax gain from freezing Bremer pension plan benefits[8](index=8&type=chunk) [Deposits and Funding](index=2&type=section&id=DEPOSITS%20AND%20FUNDING) Total deposits increased significantly to **$54.4 billion**, primarily due to the Bremer transaction, which contributed **$11.5 billion** in core deposits | Metric | Value | | :--- | :--- | | Period-end total deposits | $54.4 billion (up $13.3 billion) | | Period-end core deposits | Up $11.6 billion (includes $11.5 billion from Bremer) | - Period-end core deposits, excluding Bremer, were up **0.8%** annualized[11](index=11&type=chunk) - Total deposit costs were **193 bps**, up **2 bps**[11](index=11&type=chunk) [Loans](index=2&type=section&id=LOANS) Total loans reached **$48.0 billion**, an increase of **$11.5 billion**, largely driven by the Bremer acquisition, with commercial loans showing strong annualized growth | Metric | Value | | :--- | :--- | | Period-end total loans | $48.0 billion (up $11.5 billion) | | Loans acquired in Bremer transaction | $11.2 billion | - Excluding loans acquired in the Bremer transaction, period-end total loans were up **3.7%** annualized[11](index=11&type=chunk) - Commercial loans, excluding Bremer, grew **4.6%** annualized, with a period-end commercial pipeline totaling **$4.8 billion**, up approximately **40%**[11](index=11&type=chunk)[17](index=17&type=chunk) [Credit Quality](index=4&type=section&id=CREDIT%20QUALITY) Credit quality remained resilient, with a provision for credit losses of **$106.8 million**, primarily due to the CECL Day 1 non-PCD provision from the Bremer transaction | Metric | Value | | :--- | :--- | | Provision for credit losses | $106.8 million | | Provision excluding CECL Day 1 non-PCD | $31.2 million | | Net charge-offs | $26.5 million (24 bps of average loans) | | 30+ day delinquencies | 0.30% (compared to 0.22%) | | Nonaccrual loans to total loans | 1.24% (compared to 1.29%) | - The allowance for credit losses (ACL) stood at **$594.7 million**, or **1.24%** of total loans, reflecting **$75.6 million** of CECL Day 1 non-PCD provision expense and **$90.4 million** of allowance related to acquired PCD loans[17](index=17&type=chunk) [Net Interest Income and Margin](index=4&type=section&id=NET%20INTEREST%20INCOME%20AND%20MARGIN) Net interest income (FTE) increased significantly to **$521.9 million**, and net interest margin (FTE) rose by **26 bps** to **3.53%**, driven by balance sheet growth and higher asset yields | Metric | Q2 2025 Value | Change | | :--- | :--- | :--- | | Net interest income (FTE) | $521.9 million | Increased from $393.0 million | | Net interest margin (FTE) | 3.53% | Increased 26 bps | | Cost of total deposits | 1.93% | Increased 2 bps | | Cost of total interest-bearing deposits | 2.52% | Increased 6 bps | - The increase in net interest income was driven by the Bremer transaction, loan growth, higher asset yields, and more days in the quarter, partly offset by higher funding costs[17](index=17&type=chunk) [Noninterest Income](index=4&type=section&id=NONINTEREST%20INCOME) Total noninterest income was **$132.5 million**, with an adjusted increase of **18.8%** (excluding a **$21.0 million** pension plan gain and debt securities losses), attributed to Bremer revenue and organic growth | Metric | Q2 2025 Value | | :--- | :--- | | Total noninterest income | $132.5 million | | Noninterest income excluding pension plan gain | $111.6 million | - Excluding the pension plan gain and realized debt securities losses, noninterest income was up **18.8%**, driven by Bremer revenue, higher wealth fees, mortgage fees, and capital markets revenue[17](index=17&type=chunk) [Noninterest Expense](index=4&type=section&id=NONINTEREST%20EXPENSE) Noninterest expense totaled **$384.8 million**, including **$41.2 million** in merger-related charges, resulting in an adjusted efficiency ratio of **50.2%** | Metric | Q2 2025 Value | | :--- | :--- | | Noninterest expense | $384.8 million | | Merger-related charges | $41.2 million | | Adjusted noninterest expense | $343.6 million | | Efficiency ratio | 55.8% | | Adjusted efficiency ratio | 50.2% | - Adjusted noninterest expense was driven primarily by elevated operating costs and additional intangibles amortization, both related to the Bremer transaction[17](index=17&type=chunk) [Income Taxes](index=4&type=section&id=INCOME%20TAXES) Income tax expense was **$30.3 million**, resulting in an effective tax rate of **19.5%**, impacted by the Bremer transaction and a tax credit benefit | Metric | Q2 2025 Value | | :--- | :--- | | Income tax expense | $30.3 million | | Effective tax rate

Core Insights - Old National Bancorp reported a strong second quarter for 2025, with net income applicable to common shares of $121.4 million and adjusted net income of $190.9 million, translating to diluted EPS of $0.34 and adjusted EPS of $0.53 [4][10][11] - The company emphasized its focus on growing its balance sheet, expanding fee-based businesses, and controlling expenses, which contributed to its impressive results [4][5] - The successful closing of the partnership with Bremer Financial Corporation on May 1, 2025, is expected to enhance Old National's balance sheet and capital position for the remainder of the year [4][5] Financial Performance - Net interest income on a fully taxable equivalent basis reached $521.9 million, with a net interest margin of 3.53%, an increase of 26 basis points [5][18] - Total deposits at the end of the period were $54.4 billion, up $13.3 billion, with core deposits increasing by $11.6 billion [5][18] - Total loans amounted to $48.0 billion, reflecting an increase of $11.5 billion, with commercial loans growing 4.6% annualized, excluding Bremer [5][18] Credit Quality - The provision for credit losses was $106.8 million, with net charge-offs of $26.5 million, representing 24 basis points of average loans [5][18] - 30+ day delinquencies were at 0.30%, while nonaccrual loans accounted for 1.24% of total loans, indicating resilient credit quality [5][18] Operational Efficiency - Noninterest expense totaled $384.8 million, with an adjusted noninterest expense of $343.6 million, leading to an efficiency ratio of 55.8% and an adjusted efficiency ratio of 50.2% [5][31] - The company reported a return on average tangible common equity (ROATCE) of 12.0% and an adjusted ROATCE of 18.1% [5][17] Leadership Changes - Tim Burke was appointed as President and Chief Operating Officer, bringing nearly 30 years of banking experience to the role [7][9] - Burke's leadership is expected to enhance Old National's commitment to relationship banking and community impact [9]

Wall Street analysts expect Old National Bancorp (ONB) to post quarterly earnings of $0.51 per share in its upcoming report, which indicates a year-over-year increase of 10.9%. Revenues are expected to be $623.08 million, up 29.3% from the year-ago quarter.The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior ...

Core Viewpoint - Old National Bancorp (ONB) has reached a significant support level and is considered a good investment opportunity from a technical perspective due to the recent "golden cross" formation in its moving averages [1]. Technical Analysis - ONB's 50-day simple moving average has recently broken above its 200-day moving average, indicating a bullish breakout [1]. - A golden cross is characterized by a downtrend that bottoms out, followed by the shorter moving average crossing above the longer moving average, leading to an upward price momentum [2]. Performance Metrics - Over the past four weeks, ONB has gained 13.4%, suggesting positive momentum [3]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, indicating potential for further breakout [3]. - Earnings expectations for ONB have improved, with two upward revisions and no downward changes in estimates over the past 60 days, further supporting the bullish outlook [3]. Investment Consideration - Given the technical indicators and positive earnings estimate movements, investors are encouraged to consider adding ONB to their watchlist [5].

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Group 1 - Old National Bancorp will release its second-quarter 2025 earnings on July 22, 2025, at approximately 7:00 A.M. ET, followed by a conference call at 10:00 A.M. ET [1] - The conference call can be accessed via U.S. dial-in number (800) 715-9871 and international number (646) 307-1963, with an access code of 9394540 [1] - A replay of the conference call will be available approximately one hour after its completion until midnight ET on August 5, 2025 [1] Group 2 - Old National Bancorp is the fifth largest commercial bank headquartered in the Midwest, with approximately $70 billion in assets and $37 billion in assets under management as of March 31, 2025 [2] - The company ranks among the top 25 banking companies in the United States and has a history dating back to 1834 [2] - Old National Bancorp was recognized in 2025 as one of "The Civic 50," highlighting its commitment to community engagement [2]