Old National Bancorp

Analysts Adjust Targets and Outlook for Old National Bancorp After Earnings and Valuation Updates

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

28 Aug 24

Updated

06 Dec 25

Views

117

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AnalystConsensusTarget's Fair Value

n/a

1Y

2.4%

7D

3.1%

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1Y

2.4%

7D

3.1%

You can edit this narrative until Dec 7 3:10 AM. Then, changes will post as Updates.

Author's Valuation

US$25.7511.1% undervalued

AnalystConsensusTarget Fair Value

Shared on 06 Dec 25

ONB: Fee Strength And NIM Resilience Will Support Upside Ahead

Analysts have modestly increased their price target on Old National Bancorp to $26.00, citing solid fee income and net interest margin performance, despite slightly softer net interest income guidance and loan growth weighed down by Bremer run offs. Analyst Commentary Analysts are digesting Old National Bancorp's latest quarter as a solid, if mixed, performance, prompting modest recalibration of price targets around the mid 20 dollar range.

Shared on 21 Nov 25

ONB: Fee And Margin Execution Will Drive Upside Amid Loan Headwinds

Old National Bancorp's analyst price target was recently adjusted to $26, up from $25. Analysts cited a solid third-quarter performance, balanced by a slightly lowered net interest income outlook and moderated loan growth guidance.

Shared on 07 Nov 25

ONB: Fee And Margin Strength Will Drive Shareholder Value Amid Sector Headwinds

Analysts have revised Old National Bancorp's price target to $26. This represents a modest increase or decrease depending on the source, citing solid quarterly results offset by tempered guidance on net interest income and loan growth.

Shared on 23 Oct 25

Fair value Decreased 2.66%

Analysts have lowered their price target for Old National Bancorp from $26.45 to $25.75, citing a more cautious revenue growth outlook and slight adjustments to the company's net interest income projections following recent earnings results. Analyst Commentary Analyst perspectives following Old National Bancorp's recent earnings have highlighted both positive and cautionary factors impacting the company's outlook and valuation.

Shared on 07 May 25

Fair value Increased 6.03%

Shared on 30 Apr 25

Fair value Decreased 1.81%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 5.99%

AnalystConsensusTarget has increased revenue growth from 19.6% to 25.8% and decreased profit margin from 43.9% to 38.9%.

Shared on 17 Apr 25

Fair value Decreased 2.28%

AnalystConsensusTarget has increased shares outstanding growth rate from 0.0% to 0.0%.

Shared on 09 Apr 25

Fair value Decreased 1.60%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 1.70%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 5.75%

AnalystConsensusTarget has decreased future PE multiple from 10.6x to 8.0x.

AnalystConsensusTarget Fair Value

US$25.75

11.1% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

14.23%

Banks revenue growth rate

0.26%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.50%

Calculation

US$1.36b

Earnings '28

x

11.24x

PE Ratio '28

=

US$15.30b

Market Cap '28

US$15.30b

Market Cap '28

/

478.71m

No. shares '28

=

US$31.97

Share Price '28

US$31.97 Share Price '28

Discounted to 2025 @ 7.53% p.a.

=

US$25.71

Fair Value '25