ONB vs FFIN

For growth investors, Old National Bancorp (ONB) is the stronger pick with 25.

5% revenue growth year-over-year, versus 18. 8% for First Financial Bankshares, Inc. (FFIN). Old National Bancorp (ONB) offers the better valuation at 13. 7x trailing P/E (9. 4x forward), making it the more compelling value choice. Analysts rate Old National Bancorp (ONB) a "Hold" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Old National Bancorp (ONB) is the cheapest at 13.

7x versus First Financial Bankshares, Inc. at 20. 9x. On forward P/E, Old National Bancorp is actually cheaper at 9. 4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Old National Bancorp wins at 1. 67x versus First Financial Bankshares, Inc. 's 3. 07x — a reasonable growth-adjusted valuation.

Over the past 5 years, Old National Bancorp (ONB) delivered a total return of +39.

8%, compared to -29. 0% for First Financial Bankshares, Inc. (FFIN). Over 10 years, the gap is even starker: FFIN returned +146. 6% versus ONB's +141. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), First Financial Bankshares, Inc.

(FFIN) is the lower-risk stock at 0. 95β versus Old National Bancorp's 1. 23β — meaning ONB is approximately 29% more volatile than FFIN relative to the S&P 500. On balance sheet safety, First Financial Bankshares, Inc. (FFIN) carries a lower debt/equity ratio of 12% versus 88% for Old National Bancorp — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Old National Bancorp (ONB) is pulling ahead at 25.

5% versus 18. 8% for First Financial Bankshares, Inc. (FFIN). On earnings-per-share growth, the picture is similar: First Financial Bankshares, Inc. grew EPS 12. 2% year-over-year, compared to 6. 5% for Old National Bancorp. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

First Financial Bankshares, Inc.

(FFIN) is the more profitable company, earning 30. 2% net margin versus 18. 0% for Old National Bancorp — meaning it keeps 30. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FFIN leads at 36. 8% versus 23. 6% for ONB. At the gross margin level — before operating expenses — FFIN leads at 70. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Old National Bancorp (ONB) is the more undervalued stock at a PEG of 1. 67x versus First Financial Bankshares, Inc. 's 3. 07x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Old National Bancorp (ONB) trades at 9. 4x forward P/E versus 16. 0x for First Financial Bankshares, Inc. — 6. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FFIN: 20. 4% to $39. 25.

All stocks in this comparison pay dividends.

Old National Bancorp (ONB) offers the highest yield at 2. 4%, versus 2. 2% for First Financial Bankshares, Inc. (FFIN).

For long-horizon retirement investors, First Financial Bankshares, Inc.

(FFIN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 95), 2. 2% yield, +146. 6% 10Y return). Both have compounded well over 10 years (FFIN: +146. 6%, ONB: +141. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.