secwatch.observer — SEC 8-K summary
======================================

Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2026-07-22T11:12:53+00:00
Accession:  0001628280-26-049108
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National posts record Q2 net income $249.4M, EPS $0.65; enhances leadership structure
--------------------------------------------------------------------------------

- Record net income applicable to common shares of $249.4M; adjusted net income $250.4M; diluted EPS $0.65 (both GAAP and adjusted).
- Net interest income (FTE) $586.5M, NIM 3.54% down 1 bp; deposits $56.1B up 3.4% annualized; loans $50.8B up 8.3% annualized.
- Record efficiency ratio 47.0% (adjusted 45.2%); PPNR $367.9M; noninterest expense $372.2M incl $12.1M merger charges.
- Credit quality: provision $36.2M, net charge-offs $32.2M (26 bps), nonaccrual loans 0.91%, ACL 1.21%.
- Leadership: formed Operating Group with 8 members; added 4 to ELT; Rafael Sanchez named Chief Government and Corporate Affairs Officer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828026049108/0001628280-26-049108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828026049108/onb-20260722.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-049108

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer