ONB · Old National Bank Q2 FY2026 earnings call record财报电话会记录

“Commercial production reached $3.5 billion and our period-end commercial pipeline hit a new record of $5.6 billion.”

“Our CET1 ratio was 11.09%, and we returned $163 million of capital to shareholders through dividends and buybacks.”

“We will continue to approach capital allocation carefully, supporting organic growth, investing in the business, maintaining strong capital levels, and returning capital to shareholders.”

“Specifically, during the second quarter, we returned a total of $163 million to shareholders in the form of increased cash dividends and share repurchases.”

“We repurchased $107 million or 4.4 million shares during the current quarter and 10.5 million shares over the last year.”

“With dividends and repurchases, our combined payout ratio was 65% of 2Q net income to common.”

“We expect approximately $2.3 billion in cash flow over the next 12 months.”

“On the NIM, I would point out that 2Q margin was impacted two basis points by the full quarter effect of our sub debt issuance in late January and lower SOFR rates during the quarter.”

“Moving on to slide 10, we present details of our net interest income and margin, both of which reflect my prior comments around the full quarter impact of our sub debt issuance and lower SOFR rates in the quarter.”

“We believe our year-to-date results and current pipeline support full-year loan growth of 6%-8%.”

“In aggregate, you'll note that we continue to expect full-year results that yield 15%+ growth in earnings per share, and again, feature positive operating leverage with peer-leading profitability, good growth in fees, controlled expenses, and normalized credit.”

“Do you think it could impact the margin as we move to the back half of the year into 2027?”