Old National Bancorp Capital (ONB) AI Stock Analysis

• Market Cap: $8.05B
• Dividend Yield: 2.67%
• Average Volume (3M): 5.31M
• Price to Earnings (P/E): 12.1
• Beta (1Y): 1.21
• Revenue Growth: 20.72%
• EPS Growth: 3.63%
• Country: US
• Employees: 4,028
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.59
• Shares Outstanding: 390,773,000
• 10 Day Avg. Volume: 3,637,298
• 30 Day Avg. Volume: 5,306,839
• PEG Ratio: -0.93
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 2.27
• P/FCF Ratio: 11.35
• Enterprise Value/Market Cap: 1.90
• Enterprise Value/Revenue: 4.42
• Enterprise Value/Gross Profit: 7.18
• Enterprise Value/Ebitda: 18.21
• 1Y Price Target: $26.17
• Price Target Upside: 24.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 2.16
• Revenue Forecast (FY): $2.54B

• Rating: 70 Outperform
• Price Target: $22.00 ▲(4.81% Upside)

Old National Bancorp Capital's overall score is driven by strong financial performance and positive earnings call insights, which highlight robust growth and effective capital management. However, the technical analysis indicates a bearish trend, and there are concerns about future merger-related expenses. The stock's valuation is fair, providing a balanced risk-reward profile.

Old National Bancorp Capital Business Overview & Revenue Model

Company Description

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. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. The company also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2021, it operated a total of 162 banking centers located primarily in the states of Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

How the Company Makes Money

Old National Bancorp generates revenue primarily through interest income from loans and fees from a variety of banking services. The company's key revenue streams include net interest income, which is derived from the interest earned on loans issued to customers minus the interest paid on deposits. Additionally, ONB earns non-interest income through service fees, wealth management services, and transaction fees associated with its banking operations. Significant partnerships with local businesses and community organizations also contribute to its customer base, enhancing its ability to cross-sell products and services, ultimately driving earnings growth.

Old National Bancorp Capital Financial Statement Overview

Summary

Old National Bancorp Capital exhibits solid financial health with strong revenue growth and effective cash flow management. While profitability margins have slightly declined, the company maintains a balanced leverage position and a stable capital structure. Continued focus on operational efficiency and asset management could enhance future performance.

Income Statement

Old National Bancorp Capital shows strong revenue growth with a 7.68% increase in TTM, indicating robust business expansion. The gross profit margin is healthy at 61.60%, though slightly lower than previous years. Net profit margin is stable at 17.53%, reflecting consistent profitability. However, there is a slight decline in EBIT and EBITDA margins compared to prior periods, suggesting increased operational costs or competitive pressures.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.81, indicating a balanced approach to leveraging. Return on equity is reasonable at 8.28%, though it has slightly decreased from previous years, suggesting a need for improved efficiency in using equity capital. The equity ratio stands at 11.67%, reflecting a stable capital structure but with room for improvement in asset management.

Cash Flow

Cash flow performance is strong, with a significant 46.98% growth in free cash flow, highlighting effective cash management. The operating cash flow to net income ratio is low at 1.24%, indicating potential challenges in converting income into cash. However, the free cash flow to net income ratio is high at 99.11%, demonstrating efficient cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.46B	2.96B	2.54B	1.85B	852.87M	902.58M
Gross Profit	2.13B	1.77B	1.78B	1.58B	840.24M	792.49M
EBITDA	840.87M	746.07M	816.56M	607.03M	377.47M	298.56M
Net Income	606.51M	539.19M	581.99M	428.29M	277.54M	226.41M
Balance Sheet
Total Assets	71.21B	53.55B	49.09B	46.76B	24.45B	22.96B
Cash, Cash Equivalents and Short-Term Investments	1.68B	8.69B	7.89B	7.50B	8.20B	6.56B
Total Debt	6.77B	5.41B	5.33B	5.59B	2.65B	2.76B
Total Liabilities	62.90B	47.21B	43.53B	41.63B	21.44B	19.99B
Stockholders Equity	8.31B	6.34B	5.56B	5.13B	3.01B	2.97B
Cash Flow
Free Cash Flow	751.29M	592.01M	477.97M	776.52M	281.69M	188.95M
Operating Cash Flow	758.04M	622.28M	516.34M	814.42M	330.38M	219.82M
Investing Cash Flow	-1.25B	-1.37B	-1.82B	-1.69B	-1.43B	-2.14B
Financing Cash Flow	986.36M	802.59M	1.75B	777.48M	1.33B	2.24B

Old National Bancorp Capital Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.99
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ONB, the sentiment is Positive. The current price of 20.99 is above the 20-day moving average (MA) of 20.63, below the 50-day MA of 21.57, and below the 200-day MA of 21.45, indicating a neutral trend. The MACD of -0.25 indicates Negative momentum. The RSI at 51.01 is Neutral, neither overbought nor oversold. The STOCH value of 70.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ONB.

Old National Bancorp Capital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WTFC	78 Outperform	$8.62B	11.82	11.69%	1.53%	3.61%	13.93%
CMA	73 Outperform	$9.99B	14.96	9.64%	3.73%	-7.07%	31.09%
ONB	70 Outperform	$8.05B	12.10	8.26%	2.67%	20.72%	3.63%
BPOP	70 Outperform	$7.55B	9.98	13.05%	2.49%	5.87%	53.36%
ZION	70 Outperform	$7.57B	9.17	12.71%	3.36%	0.12%	27.30%
UMBF	68 Neutral	$8.13B	12.11	11.06%	1.42%	38.81%	10.38%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Old National Bancorp Capital Corporate Events

Old National Bancorp Reports Strong Q3 2025 Results

Old National Bancorp, a leading commercial bank headquartered in the Midwest, offers a range of financial services including consumer and commercial banking, wealth management, and capital markets services, primarily serving clients in the Midwest and Southeast United States. The company recently announced its third quarter 2025 financial results, highlighting a strong performance with a net income applicable to common shares of $178.5 million and a diluted EPS of $0.46, which adjusted to $231.3 million and $0.59 respectively after excluding merger-related charges and other adjustments. This performance was bolstered by the completion of its partnership with Bremer Bank, positioning Old National for continued success.

Old National Bancorp Reports Strong Earnings and Growth

Old National Bancorp’s recent earnings call conveyed a strong financial performance, marked by record growth in core metrics and successful integration of Bremer Bank. The company highlighted robust capital management and improved credit metrics, projecting a positive outlook for continued organic growth. However, concerns were raised regarding loan runoff from Bremer and future merger-related expenses.

Old National Bancorp Highlights Q2 2025 Investment Strategy

Old National Bancorp released its investment thesis for the second quarter of 2025, emphasizing its strategic goals and financial metrics. The company highlighted its focus on maintaining a strong credit culture, a diversified loan portfolio, and a low-cost deposit base to drive long-term shareholder value. The release also discussed the implications of its recent merger with Bremer Financial Corporation, noting potential cost savings and synergies, while addressing risks such as competition, regulatory changes, and economic conditions that could impact its operations.

The most recent analyst rating on (ONB) stock is a Buy with a $63.00 price target. To see the full list of analyst forecasts on Old National Bancorp Capital stock, see the ONB Stock Forecast page.

Old National Bancorp Declares Quarterly Cash Dividend

On August 13, 2025, Old National Bancorp announced its Board of Directors declared a quarterly cash dividend of $0.14 per share on its common stock, payable on September 15, 2025, to shareholders of record as of September 5, 2025. Additionally, a quarterly cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, was declared, payable on November 20, 2025, to shareholders of record as of November 5, 2025.

The most recent analyst rating on (ONB) stock is a Buy with a $63.00 price target. To see the full list of analyst forecasts on Old National Bancorp Capital stock, see the ONB Stock Forecast page.