Old National Bancorp (ONB) beats Q2 2026 earnings with record commercial pipeline
As seen on the 24/7 Wall St. homepage on July 22, 2026.
Old National crushed Q2 with a 3.8% EPS beat on loan production muscle and a record $5.6 billion commercial pipeline, while reshuffling its leadership team to chase a top 25 U.S. bank ranking.
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Old National Bancorp reported Q2 2026 earnings per share of $0.65, topping the analyst estimate of $0.626 by about 3.8%. Revenue came in at $732.6 million, clearing the consensus estimate of $716.2 million by roughly 2.3%. The quarter extended a consistent pattern of beats: the bank has surpassed EPS estimates in each of the last several quarters, with reported EPS climbing steadily from $0.46 in Q3 2024 to the current $0.65.
The standout figure from the quarter was a record $5.6 billion commercial pipeline, which management credited alongside loan production strength as key drivers of the outperformance. That pipeline signals continued momentum heading into the back half of 2026, giving investors a concrete forward-looking indicator to track alongside quarterly results.
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Old National also announced leadership changes as part of its stated ambition to reach a top 25 U.S. bank ranking by size. How quickly the bank can convert that commercial pipeline into booked loans, and whether the new leadership structure accelerates that growth trajectory, are the central things to watch in the quarters ahead.