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ONB logoOld National Bancorp(ONB)Earnings, Financials & Key Ratios

ONB•NASDAQ•Banking & Credit
$24.58
$9.49B mkt cap·13.7× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryBanks with large fee businesses
AboutOld National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. The company also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2021, it operated a total of 162 banking centers located primarily in the states of Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.Show more
  • Net Interest Income$2.06B+34.4%
  • Total Revenue$3.71B+25.5%
  • Net Income$669M+24.1%
  • Return on Equity9.02%-0.4%
  • Net Interest Margin2.85%-0.2%
  • Efficiency Ratio40.04%+8.2%
  • ROA1.06%+1.4%
  • Equity / Assets11.77%-0.6%
  • Book Value per Share21.81+7.0%
  • Tangible BV/Share14.34+10.3%
  • Debt/Equity0.88+2.8%
Analysis→Technical→

ONB Key Insights

Old National Bancorp (ONB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 24.2%
  • ✓Efficient operations: 40.0% efficiency ratio
  • ✓Well capitalized: 11.8% equity/assets
  • ✓Healthy dividend yield of 2.4%
  • ✓Trading at only 1.1x book value

✗Weaknesses

  • ✗Shares diluted 25.3% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ONB Price & Volume

Old National Bancorp (ONB) stock price & volume — 10-year historical chart

Loading chart...

ONB Growth Metrics

Old National Bancorp (ONB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years19.65%
5 Years32.67%
3 Years26.01%
TTM-

Profit CAGR

10 Years19.08%
5 Years24.21%
3 Years16.04%
TTM24.12%

EPS CAGR

10 Years5.99%
5 Years5.65%
3 Years6.07%
TTM7.14%

Return on Capital

10 Years6%
5 Years6.6%
3 Years6.43%
Last Year6%

ONB Recent Earnings

Old National Bancorp (ONB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 22, 2026
EPS
$0.61
Est $0.60
+1.7%
Revenue
$703M
Est $706M
-0.5%
Q1 2026
Jan 21, 2026
EPS
$0.62
Est $0.59
+5.1%
Revenue
$714M
Est $706M
+1.2%
Q4 2025
Oct 22, 2025
EPS
$0.59
Est $0.56
+5.0%
Revenue
$678M
Est $696M
-2.5%
Q3 2025
Jul 22, 2025
EPS
$0.53
Est $0.51
+3.9%
Revenue
$647M
Est $696M
-7.0%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$0.61vs $0.60+1.7%
$703Mvs $706M-0.5%
Q1 2026Jan 21, 2026
$0.62vs $0.59+5.1%
$714Mvs $706M+1.2%
Q4 2025Oct 22, 2025
$0.59vs $0.56+5.0%
$678Mvs $696M-2.5%
Q3 2025Jul 22, 2025
$0.53vs $0.51+3.9%
$647Mvs $696M-7.0%
Based on last 12 quarters of dataView full earnings history →

ONB Peer Comparison

Old National Bancorp (ONB) competitors in Banks with large fee businesses — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
WTFC logoWTFCWintrust Financial CorporationDirect Competitor10.27B153.2813.266.66%11.35%0.62
IBCP logoIBCPIndependent Bank CorporationDirect Competitor696.01M33.8110.34-0.3%14.2%0.23
FFIN logoFFINFirst Financial Bankshares, Inc.Direct Competitor4.64B32.6020.9018.79%13.25%0.12
HBAN logoHBANHuntington Bancshares IncorporatedDirect Competitor26.34B16.6411.974.38%10.04%0.76
FNB logoFNBF.N.B. CorporationDirect Competitor6.5B18.1911.664.94%8.36%0.58
UMBF logoUMBFUMB Financial CorporationDirect Competitor10.2B133.9614.6768.52%11.67%0.49
BOKF logoBOKFBOK Financial CorporationDirect Competitor10.44B135.5416.6510.4%8.91%0.80
CFG logoCFGCitizens Financial Group, Inc.Product Competitor28.31B65.6221.661.31%6.6%0.51

Compare ONB vs Peers

Old National Bancorp (ONB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WTFC

Most directly comparable listed peer for ONB.

Scale Benchmark

vs SPGI

Larger-name benchmark to compare ONB against a more recognizable public peer.

Peer Set

Compare Top 5

vs WTFC, IBCP, FFIN, HBAN

ONB Income Statement

Old National Bancorp (ONB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income437.17M537.6M604.27M596.09M596.4M1.33B1.5B1.53B2.06B
NII Growth %8.56%22.97%12.4%-1.35%0.05%122.66%13.19%1.84%34.43%
Net Interest Margin %2.5%2.73%2.96%2.6%2.44%2.84%3.06%2.86%2.85%
Interest Income495.34M632.04M730.39M663.31M638.65M1.45B2.21B2.6B3.27B
Interest Expense58.17M94.44M126.11M67.21M42.25M126.27M703.67M1.07B1.21B
Loan Loss Provision3.05M6.97M4.75M42.88M-29.62M144.8M58.89M110.62M138.24M
Non-Interest Income176.79M181.32M199.32M239.27M214.22M399.78M333.34M354.7M439.79M
Non-Interest Income %26.3%22.29%21.44%26.51%25.12%21.56%13.12%12%11.86%
Total Revenue
672.12M▲ 0%
813.36M▲ 21.0%
929.7M▲ 14.3%
902.58M▼ 2.9%
852.87M▼ 5.5%
1.85B▲ 117.4%
2.54B▲ 37.0%
2.96B▲ 16.4%
3.71B▲ 25.5%
Revenue Growth %3.33%21.01%14.3%-2.92%-5.51%117.38%37.01%16.38%25.48%
Non-Interest Expense442.24M503.27M508.49M536.93M501.38M1.04B1.03B1.09B1.49B
Efficiency Ratio65.8%61.88%54.69%59.49%58.79%56%40.4%37.02%40.04%
Operating Income
168.66M▲ 0%
208.68M▲ 23.7%
290.36M▲ 39.1%
255.56M▼ 12.0%
338.86M▲ 32.6%
544.73M▲ 60.8%
751.3M▲ 37.9%
680.44M▼ 9.4%
874.14M▲ 28.5%
Operating Margin %25.09%25.66%31.23%28.31%39.73%29.38%29.58%23.02%23.56%
Operating Income Growth %-15.85%23.73%39.14%-11.99%32.6%60.75%37.92%-9.43%28.47%
Pretax Income
168.66M▲ 0%
208.68M▲ 23.7%
290.36M▲ 39.1%
255.56M▼ 12.0%
338.86M▲ 32.6%
544.73M▲ 60.8%
751.3M▲ 37.9%
680.44M▼ 9.4%
841.39M▲ 23.7%
Pretax Margin %25.09%25.66%31.23%28.31%39.73%29.38%29.58%23.02%22.68%
Income Tax72.94M17.85M52.15M29.15M61.32M116.45M169.31M141.25M172.14M
Effective Tax Rate %43.25%8.55%17.96%11.41%18.1%21.38%22.54%20.76%20.46%
Net Income
95.72M▲ 0%
190.83M▲ 99.4%
238.21M▲ 24.8%
226.41M▼ 5.0%
277.54M▲ 22.6%
428.29M▲ 54.3%
581.99M▲ 35.9%
539.19M▼ 7.4%
669.26M▲ 24.1%
Net Margin %14.24%23.46%25.62%25.08%32.54%23.1%22.91%18.24%18.04%
Net Income Growth %-28.7%99.35%24.83%-4.95%22.58%54.32%35.89%-7.35%24.12%
Net Income (Continuing)95.72M190.83M238.21M226.41M277.54M428.29M581.99M539.19M669.26M
EPS (Diluted)
0.69▲ 0%
1.22▲ 76.8%
1.38▲ 13.1%
1.36▼ 1.4%
1.67▲ 22.8%
1.50▼ 10.2%
1.94▲ 29.3%
1.68▼ 13.4%
1.79▲ 6.5%
EPS Growth %-34.29%76.81%13.11%-1.45%22.79%-10.18%29.33%-13.4%6.55%
EPS (Basic)0.691.231.391.371.681.511.951.691.80
Diluted Shares Outstanding138.51M156.54M172.69M166.18M165.93M276.69M291.86M311M389.55M

ONB Balance Sheet

Old National Bancorp (ONB) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments3.49B4.44B5.66B6.56B8.2B7.5B7.89B8.69B2.28B
Cash & Due from Banks290.43M317.17M276.34M589.71M822.02M728.41M1.17B1.23B1.83B
Short Term Investments3.2B4.12B5.39B5.97B7.38B6.77B6.71B7.46B453.25M
Total Investments14.97B16.84B17.49B19.69B20.91B40.75B42.52B46.43B62.66B
Investments Growth %18.84%12.44%3.91%12.54%6.21%94.85%4.36%9.19%34.94%
Long-Term Investments11.78B12.71B12.11B13.72B13.53B33.97B35.81B38.97B62.2B
Accounts Receivables87.1M89.46M85.12M85.31M84.11M190.52M000
Goodwill & Intangibles905.81M1.14B1.1B1.08B1.07B2.13B2.1B2.3B2.91B
Goodwill828.05M1.04B1.04B1.04B1.04B2B2B2.18B2.43B
Intangible Assets77.76M101.51M60.1M46.01M34.68M126.41M102.25M120.85M482.29M
PP&E (Net)458.07M485.91M586.4M540.61M545.75M557.31M565.4M588.97M690.82M
Other Assets692.9M774.73M842.11M973.53M1.02B2.41B2.73B3.01B4.07B
Total Current Assets3.57B4.53B5.75B6.65B8.29B7.69B7.89B8.69B2.28B
Total Non-Current Assets13.94B15.2B14.67B16.32B16.17B39.07B41.2B44.87B69.87B
Total Assets
17.52B▲ 0%
19.73B▲ 12.6%
20.41B▲ 3.5%
22.96B▲ 12.5%
24.45B▲ 6.5%
46.76B▲ 91.2%
49.09B▲ 5.0%
53.55B▲ 9.1%
72.15B▲ 34.7%
Asset Growth %17.89%12.62%3.46%12.49%6.5%91.23%4.98%9.09%34.73%
Return on Assets (ROA)0.59%1.02%1.19%1.04%1.17%1.2%1.21%1.05%1.06%
Accounts Payable000000000
Total Debt2.58B2.49B2.84B2.76B2.65B5.59B5.33B5.41B7.45B
Net Debt2.29B2.18B2.57B2.17B1.83B4.86B4.16B4.18B5.63B
Long-Term Debt1.85B1.86B2.06B2.23B2.17B4.56B5.02B5.12B7.06B
Short-Term Debt719.84M632.43M678.2M432.33M392.55M1.01B285.6M269.36M361.56M
Other Liabilities0000000976.83M1.12B
Total Current Liabilities13.51B15.18B15.39B17.66B19.18B37.06B38.48B41.09B55.45B
Total Non-Current Liabilities1.86B1.86B2.17B2.33B2.26B4.57B5.05B6.12B8.21B
Total Liabilities15.36B17.04B17.56B19.99B21.44B41.63B43.53B47.21B63.66B
Total Equity
2.15B▲ 0%
2.69B▲ 24.8%
2.85B▲ 6.1%
2.97B▲ 4.2%
3.01B▲ 1.3%
5.13B▲ 70.3%
5.56B▲ 8.5%
6.34B▲ 14.0%
8.49B▲ 34.0%
Equity Growth %18.74%24.84%6.06%4.21%1.32%70.27%8.47%13.98%33.98%
Equity / Assets (Capital Ratio)12.3%13.63%13.97%12.95%12.32%10.97%11.33%11.84%11.77%
Return on Equity (ROE)4.82%7.88%8.6%7.77%9.28%10.52%10.89%9.06%9.02%
Book Value per Share15.5517.1816.5217.8918.1518.5419.0620.3921.81
Tangible BV per Share9.019.9110.1611.3711.6910.8611.8613.0014.34
Common Stock152.04M175.14M169.62M165.37M165.84M292.9M292.65M318.98M389.66M
Additional Paid-in Capital1.64B2.03B1.94B1.88B1.88B4.17B4.16B4.57B5.94B
Retained Earnings413.13M527.68M682.18M783.89M968.01M1.22B1.62B1.97B2.41B
Accumulated OCI-50.27M-44.95M56.21M147.77M-2.38M-786.42M-738.81M-746.04M-478.67M
Treasury Stock000000000
Preferred Stock00000230.5M230.5M230.5M230.5M

ONB Cash Flow Statement

Old National Bancorp (ONB) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations250.08M234.41M233.76M219.82M330.38M814.42M516.34M622.28M681.47M
Operating CF Growth %908.11%-6.27%-0.28%-5.96%50.3%146.51%-36.6%20.52%9.51%
Net Income95.72M190.83M238.21M226.41M277.54M428.29M581.99M539.19M669.26M
Depreciation & Amortization34.02M38.22M43.63M43M38.61M62.29M62.34M65.63M123.6M
Deferred Taxes11.73M22.95M2.75M18.79M6.77M10.96M15.37M13.33M0
Other Non-Cash Items44.97M-24.29M-48.93M26.37M-11.27M64.85M24.73M83.04M49.38M
Working Capital Changes57.36M-1.41M-9.89M-102.46M11.23M219.38M-195.99M-111.19M-198.99M
Cash from Investing-536.4M-271.42M-525.4M-2.14B-1.43B-1.69B-1.82B-1.37B-1.83B
Purchase of Investments-874.55M-663.34M-2.37B-2.8B-3.33B-1.62B-1.11B-1.85B-4.64B
Sale/Maturity of Investments838.86M614.28M1.73B2.33B1.71B1.44B1.28B1.46B3.96B
Net Investment Activity-35.7M-49.06M-640.98M-473.84M-1.62B-173.76M167.15M-391.11M-687.61M
Acquisitions2.56M-149.9M0001.91B0177.79M137.49M
Other Investing-465.96M-39.07M153M-1.64B238.82M-3.39B-1.95B-1.13B-1.24B
Cash from Financing321.23M63.74M250.82M2.24B1.33B777.48M1.75B802.59M1.75B
Dividends Paid-72.6M-82.16M-89.47M-92.95M-92.83M-177.62M-180.03M-191.16M-225.12M
Share Repurchases-2.76M-1.8M-102.41M-82.36M-3.73M-71.18M-44.31M-8.88M-71.8M
Stock Issued404K497K567K577K583K809K1.08M1.03M444.32M
Net Stock Activity-2.36M-1.31M-101.85M-81.78M-3.15M-70.37M-43.23M-7.85M372.53M
Debt Issuance (Net)1000K-1000K1000K1000K-1000K1000K1000K-1000K1000K
Other Financing158.94M155.6M-1.32M2.24B1.49B50.83M1.51B1.01B1.4B
Net Change in Cash
34.91M▲ 0%
26.73M▼ 23.4%
-40.83M▼ 252.7%
313.38M▲ 867.5%
232.31M▼ 25.9%
-93.61M▼ 140.3%
446.65M▲ 577.2%
52.91M▼ 88.2%
598.21M▲ 1030.6%
Exchange Rate Effect000000000
Cash at Beginning255.52M290.43M317.17M276.34M589.71M822.02M728.41M1.18B1.23B
Cash at End290.43M317.17M276.34M589.71M822.02M728.41M1.18B1.23B1.83B
Interest Paid000000000
Income Taxes Paid000000000
Free Cash Flow
212.78M▲ 0%
201.02M▼ 5.5%
196.33M▼ 2.3%
188.95M▼ 3.8%
281.69M▲ 49.1%
776.52M▲ 175.7%
477.97M▼ 38.4%
592.01M▲ 23.9%
637.41M▲ 7.7%
FCF Growth %206.47%-5.53%-2.33%-3.76%49.08%175.67%-38.45%23.86%7.67%

ONB Banking Ratios

Old National Bancorp (ONB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)8.12%4.82%7.88%8.6%7.77%9.28%10.52%10.89%9.06%9.02%
Return on Assets (ROA)1%0.59%1.02%1.19%1.04%1.17%1.2%1.21%1.05%1.06%
Net Interest Margin2.71%2.5%2.73%2.96%2.6%2.44%2.84%3.06%2.86%2.85%
Efficiency Ratio62.21%65.8%61.88%54.69%59.49%58.79%56%40.4%37.02%40.04%
Equity / Assets12.21%12.3%13.63%13.97%12.95%12.32%10.97%11.33%11.84%11.77%
Book Value / Share14.1415.5517.1816.5217.8918.1518.5419.0620.3921.81
NII Growth9.99%8.56%22.97%12.4%-1.35%0.05%122.66%13.19%1.84%34.43%
Dividend Payout50.3%75.85%43.05%37.56%41.05%33.45%41.47%30.93%35.45%33.64%

ONB SEC Filings & Documents

Old National Bancorp (ONB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Feb 19, 2026·SEC

Material company update

Feb 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

3
FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 30, 2025·SEC

FY 2025

Apr 30, 2025·SEC

ONB Frequently Asked Questions

Old National Bancorp (ONB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Old National Bancorp (ONB) grew revenue by 25.5% over the past year. This is strong growth.

Yes, Old National Bancorp (ONB) is profitable, generating $669.3M in net income for fiscal year 2025 (18.0% net margin).

Dividend & Returns

Yes, Old National Bancorp (ONB) pays a dividend with a yield of 2.35%. This makes it attractive for income-focused investors.

Old National Bancorp (ONB) has a return on equity (ROE) of 9.0%. This is below average, suggesting room for improvement.

Industry Metrics

Old National Bancorp (ONB) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Old National Bancorp (ONB) has an efficiency ratio of 40.0%. This is excellent, indicating strong cost control.

Explore More ONB

Old National Bancorp (ONB) financial analysis — history, returns, DCA and operating performance tools

Full ONB Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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