COMPANY PROFILE Old National Bancorp, the financial holding company of Old National Bank, our wholly owned banking subsidiary (“Old National Bank”), is incorporated in the state of Indiana, is the sixth largest Midwestern-headquartered bank by asset size with consolidated assets of $72.2 billion at December 31, 2025, and ranks among the top 25 banking companies headquartered in the United States. The Company’s corporate headquarters and principal executive office are located in Evansville, Indiana with commercial and consumer banking operations headquartered in Chicago, Illinois. Through Old National Bank and our non-bank affiliates, we provide a wide range of services primarily throughout the Midwest and Southeast regions of the United States. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.5B | 2.5B | 1.9B | 1.8B | 1.7B | 811M |
| Net Income | 653M | 653M | 523M | 566M | 414M | 278M |
| EPS | $1.79 | $1.79 | $1.68 | $1.94 | $1.50 | $1.67 |
| Free Cash Flow | 637M | 637M | 592M | 478M | 777M | 282M |
| ROIC | 7.7% | 0.7% | 0.6% | 0.6% | 0.5% | 0.4% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 7.49 | 7.45 | 7.82 | 8.12 | 7.12 |
| Dividends/Share | $0.62 | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 |
| Operating Income | 70M | 70M | 49M | 40M | 32M | 14M |
| Operating Margin | 2.8% | 2.8% | 2.6% | 2.2% | 1.9% | 1.8% |
| ROE | 7.7% | 8.8% | 8.2% | 10.2% | 8.1% | 9.2% |
| Shares Outstanding | 365M | 365M | 311M | 292M | 276M | 166M |
OLD NATIONAL BANCORP /IN/ passes 3 of 9 quality checks, indicating weak fundamentals.
OLD NATIONAL BANCORP /IN/ trades at 14.0x trailing earnings, compared to its 15-year median P/E of 13.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.4x vs a median of 12.7x. The company's 5-year average ROIC is 0.5%. Total shareholder yield (dividends + buybacks) is 3.2%. At current prices, the estimated annualized return to fair value is +7.8%.
OLD NATIONAL BANCORP /IN/ (ONBPP) has a current P/E ratio of 14.0, compared to its historical median P/E of 13.4. The stock is currently considered Fair based on its historical valuation range.
OLD NATIONAL BANCORP /IN/ (ONBPP) has a 5-year average return on invested capital (ROIC) of 0.5%. This is below average and may indicate limited pricing power.
OLD NATIONAL BANCORP /IN/ (ONBPP) has a market capitalization of $9.2B. It is classified as a mid-cap stock.
Yes, OLD NATIONAL BANCORP /IN/ (ONBPP) pays a dividend with a trailing twelve-month yield of 2.46%. The company also returns capital through share buybacks, with a buyback yield of 0.78%.
Based on historical P/E analysis, OLD NATIONAL BANCORP /IN/ (ONBPP) appears fair. The current P/E of 14.0 is 4% above its historical median of 13.4. The estimated fair value CAGR (P/E method) is 5.8%.
OLD NATIONAL BANCORP /IN/ (ONBPP) operates in the National Commercial Banks industry, within the Financials sector.
OLD NATIONAL BANCORP /IN/ (ONBPP) reported annual revenue of $2.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
OLD NATIONAL BANCORP /IN/ (ONBPP) has a net profit margin of 25.9%. This is a strong margin indicating high profitability.
OLD NATIONAL BANCORP /IN/ (ONBPP) generated $637 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OLD NATIONAL BANCORP /IN/ (ONBPP) has a debt-to-equity ratio of 7.49. This indicates higher leverage, which may increase financial risk.
OLD NATIONAL BANCORP /IN/ (ONBPP) reported earnings per share (EPS) of $1.79 in its most recent fiscal year.
OLD NATIONAL BANCORP /IN/ (ONBPP) has a return on equity (ROE) of 8.8%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for OLD NATIONAL BANCORP /IN/ (ONBPP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
OLD NATIONAL BANCORP /IN/ (ONBPP) has a book value per share of $23.28, based on its most recent annual SEC filing.
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