Old National Bancorp
Market Cap
US$3.0b
Last Updated
2019/10/19 23:36 UTC
Data Sources
Company Financials +
Executive Summary
Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States.
Snowflake
Fundamentals
Excellent balance sheet with proven track record.
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
Market Performance
7 Day Return
2.2%
ONB
2.7%
US Banks
0.4%
US Market
1 Year Return
-8.3%
ONB
2.7%
US Banks
6.9%
US Market
Return vs Industry: ONB underperformed the US Banks industry which returned 2.7% over the past year.
Return vs Market: ONB underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| ONB | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | 2.7% | 0.4% |
| 30 Day | -3.4% | 0.7% | -1.1% |
| 90 Day | 2.5% | 3.0% | -0.5% |
| 1 Year | -5.5%-8.3% | 5.7%2.7% | 9.3%6.9% |
| 3 Year | 33.5%22.2% | 52.1%41.6% | 45.8%36.4% |
| 5 Year | 55.7%32.5% | 69.2%50.7% | 62.9%45.1% |
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
Is Old National Bancorp's (NASDAQ:ONB) 3.0% Dividend Worth Your Time?3 weeks ago | Simply Wall St
Here's Why We Think Old National Bancorp (NASDAQ:ONB) Is Well Worth Watching1 month ago | Simply Wall St
At US$16.77, Is It Time To Put Old National Bancorp (NASDAQ:ONB) On Your Watch List?Valuation
Is Old National Bancorp undervalued compared to its fair value and its price relative to the market?
13.15x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: ONB ($17.2) is trading above our estimate of fair value ($13.18)
Significantly Undervalued: ONB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ONB is poor value based on its PE Ratio (13.1x) compared to the Banks industry average (12.6x).
PE vs Market: ONB is good value based on its PE Ratio (13.1x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: ONB is poor value based on its PEG Ratio (4.7x)
Price to Book Ratio
PB vs Industry: ONB is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Old National Bancorp forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
2.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ONB's forecast earnings growth (2.8% per year) is above the savings rate (2.7%).
Earnings vs Market: ONB's earnings (2.8% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: ONB's earnings are forecast to grow, but not significantly.
Revenue vs Market: ONB's revenue (2.4% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: ONB's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: ONB's Return on Equity is forecast to be low in 3 years time (8.3%).
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Past Performance
How has Old National Bancorp performed over the past 5 years?
12.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ONB's earnings have grown by 12.2% per year over the past 5 years.
Accelerating Growth: ONB's earnings growth over the past year (93.2%) exceeds its 5-year average (12.2% per year).
Earnings vs Industry: ONB earnings growth over the past year (93.2%) exceeded the Banks industry 29.6%.
Return on Equity
High ROE: ONB's Return on Equity (7.8%) is considered low.
Return on Assets
ROA vs Industry: ONB has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate ONB's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
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
Inventory Level: ONB has a low level of unsold assets or inventory.
Debt Coverage by Assets: ONB's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: ONB's level of assets compared to its equity is low.
Allowance for Bad Loans: ONB has a low allowance for bad loans.
Low Risk Liabilities: ONB's liabilities are made up of primarily low risk sources of funding.
Loan Level: ONB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ONB's loans are broadly funded by customer deposits.
Level of Bad Loans: ONB has an appropriate level of bad loans (1.33%)
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Dividend
What is Old National Bancorp's current dividend yield, its reliability and sustainability?
3.02%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ONB's dividend (3.02%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ONB's dividend (3.02%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stable Dividend: ONB's dividend payments have been volatile in the past 10 years.
Growing Dividend: ONB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.7%), 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 (44.5% payout ratio).
Next Steps
Management
What is the CEO of Old National Bancorp's salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Jim Ryan (47yo)
0.4yrs
Tenure
US$1,183,668
Compensation
Mr. James C. Ryan III, also known as Jim, has been Chief Executive Officer and Director of Old National Bancorp since May 2, 2019. He is the President and Director of Indiana Old National Insurance Company ...
CEO Compensation Analysis
Compensation vs. Market: Jim has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.7yrs
Average Tenure
52yo
Average Age
Experienced Management: ONB's management team is considered experienced (2.7 years average tenure).
Board Age and Tenure
5.8yrs
Average Tenure
69yo
Average Age
Experienced Board: ONB's board of directors are considered experienced (5.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Senior EVP & Chief Credit Executive |
| Shares | 10,000 |
| Max Price | US$17.15 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 1,300 |
| Max Price | US$17.60 |
Ownership Breakdown
Management Team
Daryl Moore (61yo)
Senior EVP & Chief Credit Executive
- Tenure: 18.8yrs
- Compensation: US$772.41k
Jeffrey Knight (59yo)
Executive VP
- Tenure: 14.8yrs
- Compensation: US$822.25k
Mike Woods (51yo)
Senior VP
- Tenure: 2.7yrs
Todd Clark (49yo)
Executive VP and Chief Information & Strategic Innovation Officer
- Tenure: 2.4yrs
- Compensation: US$783.78k
Jim Ryan (47yo)
CEO & Director
- Tenure: 0.4yrs
- Compensation: US$1.18m
Lynell Walton
Senior VP & Director of Investor Relations
- Tenure: 0yrs
Jim Sandgren (52yo)
President & COO
- Tenure: 3.4yrs
- Compensation: US$1.33m
Kendra Vanzo (52yo)
Executive VP & Chief People Officer
- Tenure: 1.2yrs
Julie Williams Daugherty (59yo)
Chief Administrative Officer & Executive VP
- Tenure: 5.3yrs
Brendon Falconer
Senior Executive VP & CFO
- Tenure: 0.4yrs
Board Members
Bob Jones (62yo)
Chairman
- Tenure: 3.4yrs
- Compensation: US$3.00m
Andrew Goebel (72yo)
Independent Director
- Tenure: 19.8yrs
- Compensation: US$110.98k
Phelps Lambert (71yo)
Independent Director
- Tenure: 29.8yrs
- Compensation: US$107.48k
Alan Braun (74yo)
Independent Director
- Tenure: 31.8yrs
- Compensation: US$100.98k
Linda White (69yo)
Independent Director
- Tenure: 10.9yrs
- Compensation: US$99.98k
Jim Ryan (47yo)
CEO & Director
- Tenure: 0.4yrs
- Compensation: US$1.18m
Joan Kissel (51yo)
Executive VP
- Tenure: 2.4yrs
Randall Shepard (72yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$90.98k
Derrick Stewart (41yo)
Independent Director
- Tenure: 4.3yrs
- Compensation: US$99.23k
Becky Skillman (69yo)
Lead Director
- Tenure: 3.4yrs
- Compensation: US$125.98k
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$2.962b
- Shares outstanding: 172.23m
- Website: https://www.oldnational.com
Number of Employees
Location
- Old National Bancorp
- One Main Street
- Evansville
- Indiana
- 47708
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ONB | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1984 |
| ON1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1984 |
Biography
Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:36 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.