Old National Bancorp Capital (ONB) AI Stock Analysis

• Market Cap: $7.86B
• Dividend Yield: 2.63%
• Average Volume (3M): 3.34M
• Price to Earnings (P/E): 12.4
• Beta (1Y): 1.23
• Revenue Growth: 13.68%
• EPS Growth: -6.57%
• Country: US
• Employees: 4,028
• Sector: Financial
• Sector Strength: 83
• Industry: Banks - Regional
• EPS (TTM): 0.45
• Shares Outstanding: 369,929,100
• 10 Day Avg. Volume: 2,284,858
• 30 Day Avg. Volume: 3,337,185
• PEG Ratio: 4.03
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.84
• Enterprise Value/Market Cap: 0.84
• Enterprise Value/Revenue: 0.87
• Enterprise Value/Gross Profit: 2.98
• Enterprise Value/Ebitda: 2.34
• 1Y Price Target: $25.75
• Price Target Upside: 21.18% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 74 Outperform
• Price Target: ―

Old National Bancorp's strong financial performance, highlighted by revenue growth and a zero-debt position, is bolstered by the successful Bremer Bank merger and positive earnings call. While challenges such as declining net profit margins and economic uncertainties exist, the company's strategic initiatives and reasonable valuation provide a solid foundation for potential growth.

Old National Bancorp Capital Business Overview & Revenue Model

Company Description

Old National Bancorp Capital (ONB) is a financial services company that operates primarily in the banking sector. It offers a comprehensive range of financial products and services, including retail and commercial banking, wealth management, and mortgage services. With a focus on customer-centric solutions, ONB serves individuals, small businesses, and large corporations, providing personalized banking experiences tailored to the unique needs of its clients.

How the Company Makes Money

Old National Bancorp Capital generates revenue through various streams, primarily driven by its banking operations. The company earns interest income from loans provided to individuals and businesses, including personal loans, mortgages, and commercial loans. Additionally, ONB generates fee-based income through account maintenance fees, transaction fees, and wealth management services. The bank also benefits from interest earned on its investment portfolio. Key partnerships with financial institutions and technology providers enhance its service offerings, contributing to its revenue growth. Overall, ONB's diversified financial services and strategic partnerships play a crucial role in sustaining its profitability.

Old National Bancorp Capital Financial Statement Overview

Summary

Old National Bancorp demonstrates strong revenue growth and operational efficiency with a zero-debt position, highlighting financial robustness. However, declining net profit margins and substantial investing cash outflows suggest areas that need attention to ensure sustained financial health.

Income Statement

Old National Bancorp has shown strong revenue growth, with a significant increase in total revenue from the previous year. The gross profit margin remained stable at 100% due to the nature of the banking industry. However, the net profit margin has slightly declined, pointing towards increased expenses or lower profitability. The EBIT margin is impressive at 96.9%, indicating efficient operational control.

Balance Sheet

The company maintains a solid equity base with a healthy equity ratio of 11.8%, reflecting financial stability. The debt-to-equity ratio is zero, emphasizing a debt-free position, which is a strong positive indicator. Return on equity is reasonable at 8.5%, but there is room for improvement.

Cash Flow

Operating cash flow has improved, and free cash flow shows positive growth. The operating cash flow to net income ratio is 1.15, indicating strong cash earnings. However, the large investing cash outflows could indicate potential risks if not managed well.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.14B	1.89B	1.84B	1.73B	810.62M	835.37M
	Gross Profit
2.22B	1.89B	1.84B	1.73B	810.62M	835.37M
	EBIT
547.13M	688.94M	832.19M	589.92M	356.26M	276.37M
	EBITDA
821.48M	754.57M	816.56M	607.03M	383.11M	313.75M
	Net Income Common Stockholders
563.56M	539.19M	581.99M	428.29M	277.54M	226.41M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.89B	7.85B	7.14B	7.23B	7.55B	6.56B
	Total Assets
20.08B	53.55B	49.09B	46.76B	24.45B	22.96B
	Total Debt
2.09B	5.14B	5.05B	4.57B	2.26B	2.33B
	Net Debt
1.76B	3.91B	3.87B	3.84B	1.44B	1.74B
	Total Liabilities
17.33B	47.21B	43.53B	41.63B	21.44B	19.99B
	Stockholders Equity
2.75B	6.34B	5.56B	5.13B	3.01B	2.97B
Cash Flow		Free Cash Flow
612.26M	592.01M	477.97M	776.52M	281.69M	188.95M
	Operating Cash Flow
639.85M	622.28M	516.34M	814.42M	330.38M	219.82M
	Investing Cash Flow
-876.38M	-1.37B	-1.82B	-1.69B	-1.43B	-2.14B
	Financing Cash Flow
550.40M	802.59M	1.75B	777.48M	1.33B	2.24B

Old National Bancorp Capital Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.25
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 21.25 is above the 20-day moving average (MA) of 21.24, above the 50-day MA of 20.50, and above the 200-day MA of 20.72, indicating a bullish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 53.48 is Neutral, neither overbought nor oversold. The STOCH value of 42.73 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
ZION	78 Outperform	$7.27B	9.60	13.06%	3.45%	4.84%	28.90%
PB	76 Outperform	$6.67B	13.37	6.83%	3.26%	9.02%	20.88%
BOKF	74 Outperform	$6.20B	11.07	10.17%	2.34%	6.58%	26.56%
ONB	74 Outperform	$7.86B	12.36	9.29%	2.63%	13.68%	-6.57%
SNV	71 Outperform	$6.82B	13.77	10.63%	3.12%	-1.64%	22.50%
BPOP	68 Neutral	$7.25B	10.92	12.54%	2.57%	9.33%	43.64%
Sector *	64 Neutral	$12.85B	9.81	7.59%	16985.65%	12.30%	-7.71%

Old National Bancorp Capital Corporate Events

Old National Completes Merger with Bremer Financial

On May 1, 2025, Old National Bancorp completed its merger with Bremer Financial Corporation, significantly enhancing its market presence and operational scale. This merger, which included the integration of Bremer Bank into Old National Bank, positions Old National among the top 25 U.S. banking companies and increases its Community Growth Plan commitments to $11.1 billion. The merger also sees the addition of Daniel Reardon to the Old National Board of Directors, further strengthening its leadership team.

Spark’s Take on ONB Stock

According to Spark, TipRanks’ AI Analyst, ONB is a Outperform.

Old National Bancorp scores well due to its strong financial performance, particularly its revenue growth and zero-debt position. The successful Bremer Bank partnership and robust deposit growth highlighted in the earnings call contribute positively. However, challenges such as declining net profit margins, substantial investing cash outflows, and economic uncertainties slightly offset these strengths.

To see Spark’s full report on ONB stock, click here.

Old National Bancorp Unveils Q4 2024 Investor Presentation

Old National Bancorp has filed an investor presentation for the fourth quarter of 2024, outlining its investment thesis and operational strategies. Key highlights include forward-looking statements addressing potential risks and opportunities related to its financial performance and strategic initiatives such as mergers and market positioning. The company also emphasizes its use of non-GAAP financial measures to provide a clearer understanding of its operational performance, excluding items that do not pertain to its core business operations.