Old National Bancorp ONB

25.49 0.40 1.59% as of 25 Sep
Market cap
$9.6B
P/E
11.3×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 51.60
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — 2 — — — — 2 — —
Insider Ownership 11.47%

Capital & Financial Ratios

Market Cap 9,600.00
Revenue 4,102.41
Net Income 886.28
Free Cash Flow 941.56
Net Debt 6,140.11
Current Ratio 0.94
Debt/Equity 0.92
P/E ratio 11.29
P/S ratio 2.37
P/B ratio 1.17
Past 5Y EPS Growth 4.04%
This Y EPS Growth 18.12%
Next Y EPS Growth 10.90%
Next 5Y EPS Growth 13.47%
in millions of $

Dividends

Payout Ratio 0.25
Annual Dividend Rate 0.56
Annual Dividend Yield 3.61%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.58
0.15
0.15
0.15
0.15
2025 0.56
0.14
0.14
0.14
0.14
2024 0.56
0.14
0.14
0.14
0.14
2023 0.56
0.14
0.14
0.14
0.14
2022 0.56
0.14
0.14
0.14
0.14
2021 0.56
0.14
0.14
0.14
0.14
2020 0.56
0.14
0.14
0.14
0.14
2019 0.52
0.13
0.13
0.13
0.13
2018 0.52
0.13
0.13
0.13
0.13
2017 0.52
0.13
0.13
0.13
0.13
2016 0.52
0.13
0.13
0.13
0.13
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 1,175 1,228 1,826 1,768
Receivables — — — —
Inventory — — — —
Other — — — —
35,483 38,923 52,600 54,508
2023 2024 2025 Q'26
Payables 37,235 40,824 55,088 56,147
ST’ Debt — — — —
Other — — — —
38,481 42,070 56,567 57,697
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 19.49% 32.86% 26.31%
Cash Flow 18.60% 25.39% (5.77%)
Earnings 18.79% 23.60% 16.40%
Book Value 19.00% 23.37% 18.32%

Revenue

Mar Jun Sep Dec Year
’26 1,000 1,048 — — —
’25 724 957 1,048 1,007 3,736
’24 674 751 774 758 2,956
’23 566 627 657 690 2,540
’22 301 443 487 623 1,854
’21 216 212 217 208 853
’20 226 220 225 232 903
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 206 280 — — —
’25 108 73 341 159 681
’24 104 161 121 236 622
’23 54 161 229 73 516
’22 161 278 248 127 814
’21 83 82 99 66 330
’20 (21) (15) 135 121 220
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 193 276 — — —
’25 104 64 335 137 640
’24 96 152 117 229 594
’23 45 155 219 63 481
’22 154 270 238 119 781
’21 78 60 102 70 311
’20 (29) (20) 128 118 197
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.59 0.65 — — —
’25 0.44 0.34 0.46 0.55 1.79
’24 0.40 0.37 0.44 0.47 1.68
’23 0.49 0.52 0.49 0.44 1.94
’22 (0.13) 0.38 0.47 0.67 1.50
’21 0.52 0.38 0.43 0.34 1.67
’20 0.13 0.32 0.47 0.44 1.36
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell
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
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
200 169 209 290 256 339 545 751 680 841
EBT
28.63% 24.85% 25.22% 31.23% 28.31% 39.73% 29.38% 29.58% 23.02% 22.52%
EBT Margin
134 96 191 238 226 278 428 582 539 669
Net Income
(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
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
3.30 3.53 2.90 3.38 3.04 3.51 2.65 1.95 2.27 2.17
PS Ratio
1.27 1.11 0.89 1.10 0.92 0.99 1.00 0.93 1.10 0.98
PB Ratio
5.18 5.84 4.76 5.30 4.87 5.09 4.72 3.47 3.60 3.58
EV/Sales
(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
(2,081) (2,037) (2,562) (2,915) (3,261) (4,733) (3,980) (2,998) (3,146) (3,968)
Working Cap'
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
1,814 2,154 2,690 2,852 2,973 3,012 5,129 5,563 6,340 8,495
Sh' Equity
1.00% 0.59% 1.02% 1.19% 1.04% 1.17% 1.16% 1.18% 1.02% 1.04%
ROA
4.01% 2.84% 3.08% 3.91% 3.45% 4.86% 3.79% 4.98% 4.15% 3.82%
ROIC
8.12% 4.82% 7.88% 8.60% 7.77% 9.27% 10.47% 11.06% 9.14% 9.09%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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.

Source: company filings (standardised) and stockrow calculations.

Old National Bancorp (ONB) Latest News

News by impact score

Fine-tune

10 Aug

3

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

3 transcript

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

4

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.

3 transcript

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.

3

Old National Bancorp shares climb after second-quarter earnings exceed forecasts. Q2 earnings beat drives share price climb indicating moderate positive market reaction.

3

Old National Bancorp beat revenue expectations in Q2 CY2026. Quarterly revenue beat supports modestly improved near-term financial outlook and sentiment.

3

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

3

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

3

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

3

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

4

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.

4

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

4

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.

4

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.

3

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.

3

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.

3

Old National Bancorp reported first quarter 2026 results. Quarterly earnings disclosure affects key financial metrics and market sentiment for ONB.

21 Apr

3

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

3

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

3

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

4

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

3

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

4

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

3

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

3

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

4

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.

3

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.

3

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

3

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.

3

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.

stockrow.com/ONB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com