Old National Bancorp
Market Cap
US$2.7b
Last Updated
2021/07/31 05:36 UTC
Data Sources
Company Financials +
Executive Summary
Old 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. More Details
Rewards
Risk Analysis
No risks detected for ONB from our risk checks.
Snowflake Analysis
Very undervalued with high growth potential and pays a dividend.
Similar Companies
Share Price & News
How has Old National Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ONB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ONB's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.1%
ONB
0.9%
US Banks
-0.5%
US Market
1 Year Return
15.0%
ONB
59.1%
US Banks
35.9%
US Market
Return vs Industry: ONB underperformed the US Banks industry which returned 59.1% over the past year.
Return vs Market: ONB underperformed the US Market which returned 35.9% over the past year.
Shareholder returns
| ONB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | 0.9% | -0.5% |
| 30 Day | -9.3% | -3.5% | 0.3% |
| 90 Day | -14.9% | -4.4% | 3.1% |
| 1 Year | 18.9%15.0% | 63.5%59.1% | 38.0%35.9% |
| 3 Year | -8.8%-17.1% | 17.3%7.2% | 62.9%52.7% |
| 5 Year | 37.3%17.4% | 89.6%65.9% | 121.7%97.3% |
Long-Term Price Volatility Vs. Market
How volatile is Old National Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do Institutions Own Old National Bancorp (NASDAQ:ONB) Shares?1 month ago | Simply Wall St
Old National Bancorp (NASDAQ:ONB) Has Compensated Shareholders With A Respectable 70% Return On Their Investment2 months ago | Simply Wall St
Is It Smart To Buy Old National Bancorp (NASDAQ:ONB) Before It Goes Ex-Dividend?Valuation
Is Old National Bancorp undervalued compared to its fair value and its price relative to the market?
26.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ONB ($16.09) is trading below our estimate of fair value ($21.83)
Significantly Below Fair Value: ONB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ONB is good value based on its PE Ratio (8.8x) compared to the US Banks industry average (10.8x).
PE vs Market: ONB is good value based on its PE Ratio (8.8x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: ONB is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: ONB is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.1x).
Future Growth
How is Old National Bancorp forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
38.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ONB's forecast earnings growth (38.6% per year) is above the savings rate (2%).
Earnings vs Market: ONB's earnings (38.6% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ONB's revenue (35.8% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: ONB's revenue (35.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ONB's Return on Equity is forecast to be low in 3 years time (8.9%).
Past Performance
How has Old National Bancorp performed over the past 5 years?
17.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ONB has high quality earnings.
Growing Profit Margin: ONB's current net profit margins (35.8%) are higher than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: ONB's earnings have grown by 17.5% per year over the past 5 years.
Accelerating Growth: ONB's earnings growth over the past year (56.1%) exceeds its 5-year average (17.5% per year).
Earnings vs Industry: ONB earnings growth over the past year (56.1%) exceeded the Banks industry 34.3%.
Return on Equity
High ROE: ONB's Return on Equity (10.1%) is considered low.
Financial Health
How is Old National Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: ONB's Assets to Equity ratio (7.9x) is low.
Allowance for Bad Loans: ONB has a low allowance for bad loans (77%).
Low Risk Liabilities: 86% of ONB's liabilities are made up of primarily low risk sources of funding.
Loan Level: ONB has an appropriate level of Loans to Assets ratio (58%).
Low Risk Deposits: ONB's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: ONB has an appropriate level of bad loans (1%).
Dividend
What is Old National Bancorp current dividend yield, its reliability and sustainability?
3.48%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ONB's dividend (3.48%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: ONB's dividend (3.48%) is low compared to the top 25% of dividend payers in the US market (3.54%).
Stability and Growth of Payments
Stable Dividend: ONB's dividends per share have been stable in the past 10 years.
Growing Dividend: ONB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.6%), ONB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ONB's dividends in 3 years are forecast to be well covered by earnings (38.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
Jim Ryan (49 yo)
2.17yrs
Tenure
US$3,708,472
Compensation
Mr. James C. Ryan III, also known as Jim, serves as Chairman of Old National Bancorp since January 30, 2020. Mr. Ryan has been Chief Executive Officer and Director of Old National Bancorp and Old National ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD3.71M) is below average for companies of similar size in the US market ($USD5.31M).
Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: ONB's management team is considered experienced (2.2 years average tenure).
Board Members
Experienced Board: ONB's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Old National Bancorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Old National Bancorp
- Ticker: ONB
- Exchange: NasdaqGS
- Founded: 1834
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.666b
- Shares outstanding: 165.72m
- Website: https://www.oldnational.com
Number of Employees
Location
- Old National Bancorp
- One Main Street
- Evansville
- Indiana
- 47708
- United States
Listings
Biography
Old 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. The company accepts dep...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 05:36 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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 here.