Old National Bancorp Dividends and Buybacks
Dividend criteria checks 5/6
Old National Bancorp is a dividend paying company with a current yield of 2.43% that is well covered by earnings. Next payment date is on 15th June, 2026 with an ex-dividend date of 5th June, 2026.
Key information
2.4%
Dividend yield
-3.1%
Buyback Yield
| Total Shareholder Yield | -0.6% |
| Future Dividend Yield | 2.4% |
| Dividend Growth | 1.5% |
| Next dividend pay date | 15 Jun 26 |
| Ex dividend date | 05 Jun 26 |
| Dividend per share | n/a |
| Payout ratio | 29% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Apr 25
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.Narrative Update • Apr 09
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.Narrative Update • Mar 26
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.Narrative Update • Mar 09
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.Narrative Update • Feb 23
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.Narrative Update • Feb 09
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.Narrative Update • Jan 25
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.Seeking Alpha • Jan 19
Old National Bancorp Isn't Ready For An Upgrade Just Yet
Summary Old National Bancorp remains rated Hold due to fair valuation despite strong revenue, profit, and balance sheet growth. ONB's rapid deposit and loan growth stems from recent acquisitions, notably Bremer Financial and CapStar Financial Holdings. Net interest margin and non-interest income have improved, but credit quality metrics and elevated multiples temper upside. Analysts are optimistic for Q4 2025 results, yet projected earnings do not justify an upgrade from Hold. Read the full article on Seeking AlphaNarrative Update • Dec 06
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.Narrative Update • Nov 21
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.Narrative Update • Nov 07
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.Narrative Update • Oct 23
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.Analysis Article • Aug 17
Old National Bancorp (NASDAQ:ONB) Has Announced A Dividend Of $0.14
The board of Old National Bancorp ( NASDAQ:ONB ) has announced that it will pay a dividend of $0.14 per share on the...Analysis Article • Jun 01
Old National Bancorp (NASDAQ:ONB) Has Affirmed Its Dividend Of $0.14
The board of Old National Bancorp ( NASDAQ:ONB ) has announced that it will pay a dividend of $0.14 per share on the...Seeking Alpha • Apr 28
Old National Bancorp: AOCI Remains A Cause For Concern
Summary The weight of the AOCI is still quite significant on equity. Higher-than-expected inflation due to tariffs could negatively impact ONB's TBV per share. Currently, TBV is priced almost in line with its 5Y average. Given the uncertainty of the macroeconomic environment, I need a greater margin of safety to consider it a buy. Read the full article on Seeking AlphaSeeking Alpha • Oct 09
Old National Bancorp: Upgrading To Buy, Earnings Likely To Rebound Soon
Summary Rate cuts will initially have a favorable, and then have a detrimental impact on Old National Bancorp's net interest margin. Organic loan growth will likely be as high as last year’s level as strong demand in the residential loan segment will counter the weakness in the commercial loan segment. The December 2025 target price suggests a high upside from the current market price. Further, ONB is offering a decent dividend yield. Read the full article on Seeking Alpha
New Narrative • Aug 28
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.Seeking Alpha • Jul 16
Old National Bancorp: Upcoming Earnings Recovery Appears Priced-In
Summary The acquisition will hurt earnings this year due to some one-off charges and a negative effect on the margin. However, it will lead to an earnings recovery next year. Interest rate cuts will also hurt the margin. However, they will help lift the residential mortgage portfolio. The year-end target price is close to the current market price. Further, ONB is offering an unremarkable dividend yield of around 3.0%. Read the full article on Seeking AlphaSeeking Alpha • Apr 25
Old National Bancorp: Net Interest Income May Have Bottomed Out
Summary Old National's quarterly report shows positive results with EPS beating expectations and competitive advantage on deposits. Total loans have increased, particularly in the C&I loans segment, which is expected to drive growth in the coming years. The bank's securities portfolio has unrealized losses, but reinvestments in high-quality bonds could boost net interest income/margin. Read the full article on Seeking AlphaUpcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
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.
Dividend Yield vs Market
| Old National Bancorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ONB) | 2.4% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.4% |
| Analyst forecast (ONB) (up to 3 years) | 2.4% |
Notable Dividend: ONB's dividend (2.43%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: ONB's dividend (2.43%) is low compared to the top 25% of dividend payers in the US market (4.27%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29%), 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 (19.6% payout ratio).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 09:49 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Bryce Rowe | Baird |
| Jared David Shaw | Barclays |
| Erika Najarian | BofA Global Research |