Old National Bancorp ONB
- Market cap
- $9.6B
- P/E
- 11.3×
Follow ONB
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10.69 | 15.38 | 14.45 | 15.18 | 11.19 | 15.53 | 14.22 | 11.66 | 15.36 | 16.83 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| 18.45 | 18.95 | 20.95 | 18.74 | 18.57 | 21.28 | 20.81 | 18.81 | 23.76 | 24.49 |
High Price
|
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| 2,733 | 2,801 | 2,892 | 2,709 | 2,445 | 2,374 | 3,967 | 3,940 | 4,066 | 4,971 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 700 | 679 | 827 | 930 | 903 | 853 | 1,854 | 2,540 | 2,956 | 3,736 |
Revenue
|
|||
| 93.65% | 91.43% | 88.58% | 86.44% | 92.55% | 95.05% | 93.19% | 72.30% | 63.78% | 67.56% |
Gross Margin
|
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| 200 | 169 | 209 | 290 | 256 | 339 | 545 | 751 | 680 | 841 |
EBT
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| 28.63% | 24.85% | 25.22% | 31.23% | 28.31% | 39.73% | 29.38% | 29.58% | 23.02% | 22.52% |
EBT Margin
|
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| 134 | 96 | 191 | 238 | 226 | 278 | 428 | 582 | 539 | 669 |
Net Income
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| (10) | 20 | 35 | 23 | 57 | 45 | 20 | 63 | 46 | 9 |
Depreciation
|
|||
| 5.48 | 4.92 | 5.31 | 5.41 | 5.45 | 5.16 | 6.74 | 8.74 | 9.55 | 10.28 |
Revenue/Sh
|
|||
| 1.05 | 0.69 | 1.23 | 1.38 | 1.36 | 1.67 | 1.50 | 1.95 | 1.68 | 1.79 |
Earnings/Sh
|
|||
| 0.19 | 1.81 | 1.51 | 1.36 | 1.33 | 2.00 | 2.96 | 1.78 | 2.01 | 1.87 |
Cash Flow/Sh
|
|||
| (1.71) | (0.14) | (0.17) | (0.20) | (0.14) | (0.12) | (0.12) | (0.12) | (0.09) | (0.11) |
Capex/Sh
|
|||
| (1.52) | 1.68 | 1.34 | 1.16 | 1.19 | 1.88 | 2.84 | 1.66 | 1.92 | 1.76 |
Free CF/Sh
|
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| 14.21 | 15.63 | 17.28 | 16.59 | 17.96 | 18.24 | 18.64 | 19.13 | 20.49 | 23.37 |
Book Value/Sh
|
|||
| 128 | 138 | 156 | 172 | 166 | 165 | 275 | 291 | 309 | 364 |
Shares
|
|||
| 17.24 | 24.51 | 12.62 | 13.25 | 12.18 | 10.79 | 12.85 | 8.77 | 12.92 | 12.39 |
PE Ratio
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| 3.30 | 3.53 | 2.90 | 3.38 | 3.04 | 3.51 | 2.65 | 1.95 | 2.27 | 2.17 |
PS Ratio
|
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| 1.27 | 1.11 | 0.89 | 1.10 | 0.92 | 0.99 | 1.00 | 0.93 | 1.10 | 0.98 |
PB Ratio
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| 5.18 | 5.84 | 4.76 | 5.30 | 4.87 | 5.09 | 4.72 | 3.47 | 3.60 | 3.58 |
EV/Sales
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| (18.72) | 17.12 | 18.89 | 24.63 | 22.32 | 13.96 | 11.21 | 18.32 | 17.91 | 20.90 |
EV/FCF
|
|||
| 25 | 250 | 234 | 234 | 220 | 330 | 814 | 516 | 622 | 681 |
Op' Cash Flow
|
|||
| (218) | (19) | (26) | (34) | (23) | (19) | (33) | (35) | (29) | (42) |
Capex
|
|||
| (194) | 231 | 208 | 200 | 197 | 311 | 781 | 481 | 594 | 640 |
FCF
|
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| (2,081) | (2,037) | (2,562) | (2,915) | (3,261) | (4,733) | (3,980) | (2,998) | (3,146) | (3,968) |
Working Cap'
|
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| 1,572 | 1,858 | 1,861 | 2,067 | 2,244 | 2,183 | 4,572 | 5,046 | 5,142 | 7,090 |
Total Debt
|
|||
| 1,312 | 1,562 | 1,539 | 1,783 | 1,652 | 1,347 | 3,844 | 3,870 | 3,914 | 5,264 |
Net Debt
|
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| 1,814 | 2,154 | 2,690 | 2,852 | 2,973 | 3,012 | 5,129 | 5,563 | 6,340 | 8,495 |
Sh' Equity
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| 1.00% | 0.59% | 1.02% | 1.19% | 1.04% | 1.17% | 1.16% | 1.18% | 1.02% | 1.04% |
ROA
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| 4.01% | 2.84% | 3.08% | 3.91% | 3.45% | 4.86% | 3.79% | 4.98% | 4.15% | 3.82% |
ROIC
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| 8.12% | 4.82% | 7.88% | 8.60% | 7.77% | 9.27% | 10.47% | 11.06% | 9.14% | 9.09% |
ROE
|
|||
Old National Bancorp peers in Banks Regional
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| CFR Cullen/Frost Bankers, Inc. | $9.7B | 14.9× | Compare |
| WTFC Wintrust Financial Corporation | $9.7B | 11.6× | Compare |
| SSB SouthState Bank Corporation | $9.9B | 10.7× | Compare |
| ZION Zions Bancorporation, N.A. | $9.2B | 8.1× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BPOP Popular, Inc. | $10.2B | 10.8× | Compare |
| UMBF UMB Financial Corporation | $10.3B | 11.2× | Compare |
| CIB Grupo Cibest S.A. - Sponsored ADR | $10.5B | 18.5× | Compare |
| FHN First Horizon Corporation | $11.0B | 11.1× | Compare |
Old National Bancorp (ONB) key facts
- Old National Bancorp (ONB) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- Old National Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $3.7 billion, up 26.4% from fiscal 2024.
- Net income was $669.3 million, or $1.79 per share (basic), a net margin of 17.5%.
- As of September 25, 2026, ONB traded at $25.49, a market capitalization of $9.6 billion.
- At that price the stock trades at 11.3× trailing-twelve-month earnings and 2.4× sales.
- Old National Bancorp pays an annual dividend of $0.56 per share, a yield of 3.61%, with a payout ratio of 25.5%.
- Return on equity was 9.09% and debt-to-equity 0.92.
Old National Bancorp (ONB) Latest News
10 Aug
Old National Bancorp (ONB) is positioned as an unpopular stock that merits reconsideration for potential upside, while two other unnamed stocks face scrutiny over their prospects. Stock analysis covering ONB highlights moderate influence on investor sentiment without indicating major strategic shifts.
23 Jul
Old National Bancorp held its Q2 2026 earnings call to review financial results and business outlook. Q2 earnings and forward guidance typically move investor sentiment and near-term valuation for regional banks.
22 Jul
Old National Bancorp delivered record Q2 2026 earnings fueled by strong loan and deposit growth, higher net interest income, and efficiency gains while advancing digital initiatives and regional expansion plans. Record quarterly results combined with explicit growth initiatives are likely to lift investor sentiment and materially support future revenue and earnings trajectory.
Old National Bancorp Q2 earnings call covered financial results, net interest income trends, loan growth, credit quality metrics and management outlook on regional banking conditions. Quarterly earnings updates supply performance data that can move share price and short-term sentiment but rarely reset long-term strategy.
Old National Bancorp shares climb after second-quarter earnings exceed forecasts. Q2 earnings beat drives share price climb indicating moderate positive market reaction.
Old National Bancorp beat revenue expectations in Q2 CY2026. Quarterly revenue beat supports modestly improved near-term financial outlook and sentiment.
Old National Bancorp posted record second quarter 2026 results and announced an enhanced executive leadership structure. Record earnings and leadership restructuring can moderately lift near-term sentiment and operational focus.
21 Jul
Old National Bancorp (ONB) will report its Q2 earnings results tomorrow. Upcoming Q2 earnings release may affect short-term stock price and market perception of financial health.
15 Jul
Old National Bancorp (ONB) earnings are projected to grow, raising the question of whether the stock should be bought. Projected ONB earnings growth can moderately lift near-term investor sentiment and share price.
8 Jul
Old National Bancorp posted Q1 results benchmarked against regional bank peers, detailing metrics on earnings, loans and deposits relative to sector performance. Q1 earnings update offers moderate insight into financial metrics without signaling major strategic shifts or transformative events.
23 Apr
Old National Bancorp released Q1 earnings call highlights detailing financial performance, loan growth, deposit trends, net interest margin, and forward outlook amid economic pressures. Q1 earnings highlights disclose core financial metrics and strategic guidance that directly shape investor expectations and stock performance.
Old National Bancorp (ONB) Q1 2026 earnings call highlights strong loan growth and record achievements, signaling robust financial performance. Strong loan growth and record results demonstrate significant positive financial momentum for ONB's future performance.
22 Apr
Old National Bancorp released Q1 2026 earnings call summary highlighting financial results, strategic updates, and forward guidance. Q1 earnings call summary reveals financial performance and guidance directly shaping investor sentiment and stock trajectory.
Old National Bancorp (ONB) reported Q1 earnings, highlighting key metrics compared to analyst estimates. Q1 earnings metrics versus estimates directly impact financial performance and investor sentiment for ONB.
Old National Bancorp (ONB) reported first-quarter earnings that surpassed analyst estimates. Beating Q1 earnings estimates enhances financial performance perception and may moderately lift investor sentiment.
Old National Bank (NASDAQ:ONB) missed Q1 CY2026 revenue estimates. Revenue shortfall in Q1 CY2026 highlights weaker financial results, moderately affecting investor sentiment and near-term performance.
Old National Bancorp reported first quarter 2026 results. Quarterly earnings disclosure affects key financial metrics and market sentiment for ONB.
21 Apr
Wall Street analysts provide insights on key metrics ahead of Old National Bancorp (ONB) Q1 earnings release. Pre-earnings analyst insights on key metrics can moderately influence investor expectations and ONB's short-term market performance.
20 Apr
Old National Bancorp (ONB) upcoming earnings report draws attention to key metrics like net interest income, loan growth, deposit trends, credit quality, expense control, and capital levels amid economic pressures. Preview of earnings highlights potential influences on financial performance and market sentiment without transformative changes.
27 Mar
Old National Bancorp (ONB) stock faces Buy, Sell, or Hold debate following Q4 earnings report, with analysis weighing financial results, growth outlook, and market conditions. Q4 earnings outcomes moderately influence ONB's financial performance and investor sentiment without fundamentally altering long-term trajectory.
17 Mar
U.S. Regional Banking Alliance, including Old National Bancorp (ONB), selects ZKsync to build a tokenized deposit network leveraging zero-knowledge proofs for secure, scalable banking infrastructure. ONB's participation in ZKsync-powered tokenized deposits marks a major fintech strategic move enhancing competitive positioning in blockchain banking.
2 Mar
Citi highlights normalized yield curve supporting Old National Bancorp (ONB) profitability. Citi's endorsement of normalized yield curve bolsters ONB's profitability outlook with moderate financial performance influence.
19 Feb
Old National Bancorp announced increases to its quarterly common stock dividend and its share repurchase program. Dividend hikes and expanded buybacks signal financial strength, enhancing shareholder value and market sentiment.
12 Feb
Old National Bancorp (ONB) is highlighted among two volatile stocks with potential, while another stock is questioned. The article discusses the current market dynamics affecting ONB and its prospects amidst volatility, emphasizing the bank's strategic positioning and growth opportunities. Market dynamics and strategic positioning may moderately influence ONB's financial performance and competitive standing.
11 Feb
Old National Bancorp (ONB) is highlighted among stocks trading below their intrinsic value, alongside Apollo Global Management and two others. This assessment suggests potential undervaluation in the market, indicating a possible investment opportunity for those seeking stocks with growth potential. The identification of ONB as undervalued may influence investor sentiment and market performance, but the overall impact is expected to be limited.
10 Feb
Old National Bancorp has partnered with Axletree Solutions to finalize a critical SWIFT architecture, achieving ISO 20022 compliance ahead of the 2026 deadline. This partnership aims to enhance the bank's capabilities in cross-border payments and improve operational efficiency, positioning Old National Bank favorably in the evolving financial landscape. Achieving ISO 20022 compliance is a significant strategic move that could enhance operational efficiency and competitive positioning in the banking sector.
Old National Bancorp (ONB) is highlighted as a noteworthy stock in February 2026, with estimates indicating it is trading below its intrinsic value. Analysts suggest that this undervaluation presents a potential investment opportunity for investors looking for growth in the banking sector. The article emphasizes the importance of evaluating intrinsic value in stock selection and suggests that ONB's current market position may not reflect its true financial health and future prospects. ONB's estimated undervaluation may moderately influence investor sentiment and financial performance.
Old National Bancorp (ONB) is highlighted as one of three stocks estimated to be significantly undervalued, with potential upside of up to 49.8% below its intrinsic value. Analysts suggest that the current market price does not reflect the bank's true worth, indicating a favorable investment opportunity for shareholders. The article emphasizes the importance of intrinsic value assessments in identifying undervalued stocks in the financial sector. The identification of ONB as undervalued suggests a moderately noticeable influence on its market performance and investor sentiment.
9 Feb
Old National Bancorp (ONB) is highlighted among stocks potentially priced below their intrinsic value, alongside Hesai Group and another unnamed stock. The analysis suggests that ONB may offer investment opportunities based on its current valuation metrics, indicating a possible undervaluation in the market. Investors are encouraged to consider these stocks for potential gains as they may not reflect their true worth. ONB's potential undervaluation could moderately influence investor sentiment and financial performance.
Old National Bancorp (ONB) is highlighted among three stocks estimated to be undervalued by up to 25.8%, presenting intriguing investment prospects. The analysis suggests that ONB's current market price does not fully reflect its potential value, making it an attractive option for investors seeking growth opportunities in the banking sector. The identification of ONB as undervalued indicates a moderately noticeable influence on its market performance and investor sentiment.