(ONB) Old National Bancorp - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 8.999m USD | Total Return: 19.1% in 12m
Avg Turnover: 66.2M
EPS Trend: 17.2%
Qual. Beats: 3
Rev. Trend: 98.7%
Qual. Beats: 0
Warnings
Share dilution 20.9% YoY
Tailwinds
No distinct edge detected
Old National Bancorp (NASDAQ: ONB) is a financial holding company headquartered in Evansville, Indiana, serving as the parent for Old National Bank. Founded in 1834, the institution provides a broad range of retail and commercial banking services, including deposit accounts, mortgage lending, and commercial real estate financing. Its operations extend into wealth management, investment advisory, and treasury services for business clients.
As a constituent of the regional banking sector, ONB relies primarily on the net interest margin, which is the spread between interest earned on loans and interest paid on deposits. Regional banks often maintain a higher concentration of commercial real estate and small business loans compared to larger money-center banks. To gain deeper insights into these financial metrics, consider reviewing the fundamental data on ValueRay.
The company also provides specialized services such as agricultural lending, lease financing, and capital markets solutions. By integrating digital banking platforms with traditional private banking and trust services, the firm maintains a diversified revenue stream across its Midwestern footprint.
- Net interest margin performance hinges on Federal Reserve monetary policy shifts
- Commercial and industrial loan growth drives regional economic expansion revenue
- Strategic acquisitions in Midwest markets accelerate deposit market share gains
- Asset quality stability remains critical amid rising commercial real estate risks
- Non-interest income growth depends on wealth management and treasury service fees
| Net Income: 758.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.08 > 1.0 |
| NWC/Revenue: -1.35k% < 20% (prev -1.08k%; Δ -274.1% < -1%) |
| CFO/TA 0.01 > 3% & CFO 779.4m > Net Income 758.3m |
| Net Debt (5.48b) to EBITDA (1.13b): 4.84 < 3 |
| Current Ratio: 0.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (388.1m) vs 12m ago 20.88% < -2% |
| Gross Margin: 64.47% > 18% (prev 0.60%; Δ 6.39k% > 0.5%) |
| Asset Turnover: 6.28% > 50% (prev 5.58%; Δ 0.70% > 0%) |
| Interest Coverage Ratio: 0.78 > 6 (EBITDA TTM 1.13b / Interest Expense TTM 1.27b) |
| A: -0.74 (Total Current Assets 2.37b - Total Current Liabilities 56.1b) / Total Assets 73.0b |
| B: 0.04 (Retained Earnings 2.58b / Total Assets 73.0b) |
| C: 0.02 (EBIT TTM 987.8m / Avg Total Assets 63.4b) |
| D: 0.04 (Book Value of Equity 2.42b / Total Liabilities 64.5b) |
| Altman-Z'' = -4.57 = D |
As of May 24, 2026, the stock is trading at USD 23.82 with a total of 2,694,320 shares traded.
Over the past week, the price has changed by +2.79%,
over one month by +0.28%,
over three months by +0.44% and
over the past year by +19.05%.
Old National Bancorp has received a consensus analysts rating of 4.18. Therefore, it is recommended to buy ONB.
- StrongBuy: 5
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 27.9 | 17.2% |
P/E Forward = 9.2764
P/S = 3.5897
P/B = 1.1339
P/EG = 1.5933
Revenue TTM = 3.99b USD
EBIT TTM = 987.8m USD
EBITDA TTM = 1.13b USD
Long Term Debt = 7.34b USD (from longTermDebt, last quarter)
Short Term Debt = 465.1m USD (from shortTermDebt, last quarter)
Debt = 7.85b USD (from shortLongTermDebtTotal, last quarter) + Leases 22.4m
Net Debt = 5.48b USD (calculated: Debt 7.85b - CCE 2.37b)
Enterprise Value = 14.5b USD (9.00b + Debt 7.85b - CCE 2.37b)
Interest Coverage Ratio = 0.78 (Ebit TTM 987.8m / Interest Expense TTM 1.27b)
EV/FCF = 19.29x (Enterprise Value 14.5b / FCF TTM 750.4m)
FCF Yield = 5.18% (FCF TTM 750.4m / Enterprise Value 14.5b)
FCF Margin = 18.83% (FCF TTM 750.4m / Revenue TTM 3.99b)
Net Margin = 19.03% (Net Income TTM 758.3m / Revenue TTM 3.99b)
Gross Margin = 64.47% ((Revenue TTM 3.99b - Cost of Revenue TTM 1.42b) / Revenue TTM)
Gross Margin QoQ = 66.01% (prev 68.57%)
Tobins Q-Ratio = 0.20 (Enterprise Value 14.5b / Total Assets 73.0b)
Interest Expense / Debt = 16.24% (Interest Expense 1.27b / Debt 7.85b)
Taxrate = 20.86% (61.6m / 295.3m)
NOPAT = 781.8m (EBIT 987.8m * (1 - 20.86%))
Current Ratio = 0.04 (Total Current Assets 2.37b / Total Current Liabilities 56.1b)
Debt / Equity = 0.92 (Debt 7.85b / totalStockholderEquity, last quarter 8.51b)
Debt / EBITDA = 4.84 (Net Debt 5.48b / EBITDA 1.13b)
Debt / FCF = 7.30 (Net Debt 5.48b / FCF TTM 750.4m)
Total Stockholder Equity = 8.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.20% (Net Income 758.3m / Total Assets 73.0b)
RoE = 9.07% (Net Income TTM 758.3m / Total Stockholder Equity 8.36b)
RoCE = 6.29% (EBIT 987.8m / Capital Employed (Equity 8.36b + L.T.Debt 7.34b))
RoIC = 4.59% (NOPAT 781.8m / Invested Capital 17.0b)
WACC = 11.34% (E(9.00b)/V(16.8b) * Re(10.03%) + D(7.85b)/V(16.8b) * Rd(16.24%) * (1-Tc(0.21)))
Discount Rate = 10.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 13.47%
[DCF] Terminal Value 68.92% ; FCFF base≈689.7m ; Y1≈790.7m ; Y5≈1.16b
[DCF] Fair Price = 15.42 (EV 11.4b - Net Debt 5.48b = Equity 5.96b / Shares 386.4m; r=11.34% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 17.24 | EPS CAGR: 1.53% | SUE: 0.94 | # QB: 3
Revenue Correlation: 98.74 | Revenue CAGR: 20.08% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.63 | Chg30d=-0.83% | Revisions=-27% | Analysts=11
EPS next Quarter (2026-09-30): EPS=0.67 | Chg30d=+0.46% | Revisions=+0% | Analysts=11
EPS current Year (2026-12-31): EPS=2.62 | Chg30d=+0.60% | Revisions=+20% | GrowthEPS=+18.3% | GrowthRev=+13.9%
EPS next Year (2027-12-31): EPS=2.90 | Chg30d=+1.43% | Revisions=+43% | GrowthEPS=+10.9% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: +43%