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Old National BancorpNasdaqGS:ONB Stock Report

Market Cap US$9.3b
Share Price
US$24.07
US$27.91
13.8% undervalued intrinsic discount
1Y13.3%
7D3.0%
Portfolio Value
View

Old National Bancorp

NasdaqGS:ONB Stock Report

Market Cap: US$9.3b

Old National Bancorp (ONB) Stock Overview

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. More details

ONB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends5/6

ONB Community Fair Values

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See what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.

Old National Bancorp Competitors

Price History & Performance

Summary of share price highs, lows and changes for Old National Bancorp
Historical stock prices
Current Share PriceUS$24.07
52 Week HighUS$26.17
52 Week LowUS$19.39
Beta0.83
1 Month Change8.42%
3 Month Change-3.37%
1 Year Change13.32%
3 Year Change89.68%
5 Year Change23.44%
Change since IPO391.49%

Recent News & Updates

ONB: Normalized Yield Curve And Capital Returns Will Support Future Upside

Analysts have lifted their consolidated price target for Old National Bancorp by about $0.55. This reflects updated views on fair value, a slightly lower discount rate, modestly adjusted revenue expectations, and a small improvement in projected profit margins and future P/E levels, in line with recent target increases from firms such as Stephens, Truist, Keefe Bruyette, Jefferies, Citi, and UBS.

ONB: Normalized Yield Curve And Profitability Outlook Will Shape Future Returns

Old National Bancorp's analyst price target has been nudged higher by $1, as analysts point to a solid profitability outlook for regional banks, a more normalized yield curve, and generally stable fundamentals supported by expectations for strengthening loan and revenue trends. Analyst Commentary Recent research points to a fairly constructive tone around Old National Bancorp, with several firms lifting price targets and one upgrade to a more positive rating.

ONB: Normalized Yield Curve And Sector Tailwinds Will Shape Future Returns

Old National Bancorp's analyst price targets have edged higher, with several firms lifting their views by about $1 to $29, citing what analysts describe as solid profitability prospects for regional banks, a normalized yield curve, and relatively stable outlooks supported by loan and revenue growth expectations. Analyst Commentary Across recent research updates, bullish analysts have nudged their price targets on Old National Bancorp higher by about $1 per share.

Recent updates

ONB: Normalized Yield Curve And Capital Returns Will Support Future Upside

Analysts have lifted their consolidated price target for Old National Bancorp by about $0.55. This reflects updated views on fair value, a slightly lower discount rate, modestly adjusted revenue expectations, and a small improvement in projected profit margins and future P/E levels, in line with recent target increases from firms such as Stephens, Truist, Keefe Bruyette, Jefferies, Citi, and UBS.

ONB: Normalized Yield Curve And Profitability Outlook Will Shape Future Returns

Old National Bancorp's analyst price target has been nudged higher by $1, as analysts point to a solid profitability outlook for regional banks, a more normalized yield curve, and generally stable fundamentals supported by expectations for strengthening loan and revenue trends. Analyst Commentary Recent research points to a fairly constructive tone around Old National Bancorp, with several firms lifting price targets and one upgrade to a more positive rating.

ONB: Normalized Yield Curve And Sector Tailwinds Will Shape Future Returns

Old National Bancorp's analyst price targets have edged higher, with several firms lifting their views by about $1 to $29, citing what analysts describe as solid profitability prospects for regional banks, a normalized yield curve, and relatively stable outlooks supported by loan and revenue growth expectations. Analyst Commentary Across recent research updates, bullish analysts have nudged their price targets on Old National Bancorp higher by about $1 per share.

ONB: Normalized Yield Curve And Dividend Actions Will Shape Future Earnings Profile

Old National Bancorp's analyst price target has edged higher to $29, with analysts pointing to a solid profitability outlook for regional banks and a more normalized yield curve as key supports for this incremental shift in expectations. Analyst Commentary Recent research has leaned more constructive on Old National Bancorp, with several firms revising price targets and one upgrade reflecting a more supportive backdrop for regional banks and earnings visibility.

ONB: Stable Fundamentals And Balance Sheet Actions Will Shape Future Earnings Profile

Analysts have inched their average price targets for Old National Bancorp higher by about $1 per share, reflecting updated views that modest tweaks to fair value assumptions and P/E expectations are supported by stable regional bank fundamentals, solid loan and revenue growth, and recent rating and target moves across several Wall Street firms. Analyst Commentary Recent research updates point to a cluster of modestly higher price targets and one rating upgrade, all framed around expectations for steady regional bank conditions, Q4 earnings previews, and loan and revenue trends.

ONB: Stable Sector Backdrop And Buybacks Will Shape Forward Earnings Profile

Analysts have nudged their average price target for Old National Bancorp slightly higher, by about $0.19. This reflects modestly higher assumptions for fair value, profit margins, revenue growth, and future P/E, along with a slightly lower discount rate.

ONB: Fee Momentum And NIM Support Are Expected To Drive Upside

Analysts have lifted their price target for Old National Bancorp to about US$27.23 from US$25.75, pointing to modestly higher profit margin assumptions, a slightly richer future P/E outlook, and supportive recent research that highlights stable regional bank fundamentals and expectations for solid upcoming earnings reports. Analyst Commentary Recent research on Old National Bancorp has focused on updated price targets, expectations around upcoming earnings, and how the Bremer acquisition is flowing through to the numbers.

Old National Bancorp Isn't Ready For An Upgrade Just Yet

Jan 19

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.

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.

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.

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

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.

Old National Bancorp (NASDAQ:ONB) Has Announced A Dividend Of $0.14

Aug 17
Old National Bancorp (NASDAQ:ONB) Has Announced A Dividend Of $0.14

Old National Bancorp (NASDAQ:ONB) Has Affirmed Its Dividend Of $0.14

Jun 01
Old National Bancorp (NASDAQ:ONB) Has Affirmed Its Dividend Of $0.14

Old National Bancorp (NASDAQ:ONB) Is Due To Pay A Dividend Of $0.14

May 18
Old National Bancorp (NASDAQ:ONB) Is Due To Pay A Dividend Of $0.14

Old National Bancorp: AOCI Remains A Cause For Concern

Apr 28

Old National Bancorp: Upgrading To Buy, Earnings Likely To Rebound Soon

Oct 09
User avatar

CapStar Integration And Decisive Investments Set To Propel Bank's Growth Amid Economic Challenges

Expanded market presence and successful CapStar Bank integration enhances footprint in southeastern markets, likely boosting revenue and customer base.

Old National Bancorp: Upcoming Earnings Recovery Appears Priced-In

Jul 16

Old National Bancorp: Net Interest Income May Have Bottomed Out

Apr 25

Shareholder Returns

ONBUS BanksUS Market
7D3.0%1.2%0.8%
1Y13.3%26.9%27.8%

Return vs Industry: ONB underperformed the US Banks industry which returned 26.9% over the past year.

Return vs Market: ONB underperformed the US Market which returned 27.7% over the past year.

Price Volatility

Is ONB's price volatile compared to industry and market?
ONB volatility
ONB Average Weekly Movement3.7%
Banks Industry Average Movement3.5%
Market Average Movement7.1%
10% most volatile stocks in US Market16.3%
10% least volatile stocks in US Market3.2%

Stable Share Price: ONB has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ONB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18344,971Jim Ryanwww.oldnational.com

Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits. The company also offers loans, including home equity lines of credit, residential real estate loans, and consumer loans, as well as loans to commercial clients comprising commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.

Old National Bancorp Fundamentals Summary

How do Old National Bancorp's earnings and revenue compare to its market cap?
ONB fundamental statistics
Market capUS$9.30b
Earnings (TTM)US$742.14m
Revenue (TTM)US$2.51b
12.5x
P/E Ratio
1.1x
P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ONB income statement (TTM)
RevenueUS$2.51b
Cost of RevenueUS$0
Gross ProfitUS$2.51b
Other ExpensesUS$1.76b
EarningsUS$742.14m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.92
Gross Margin100.00%
Net Profit Margin29.60%
Debt/Equity Ratio94.7%

How did ONB perform over the long term?

See historical performance and comparison

Dividends

2.4%
Current Dividend Yield
29%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/03 07:13
End of Day Share Price 2026/05/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Old National Bancorp is covered by 23 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bryce RoweBaird
Jared David ShawBarclays
Erika NajarianBofA Global Research