Stock AnalizOld National Bancorp ONB
Major Banks · data as of November 13, 2026
Old National Bancorp (ONB) is a financial company listed in the US with a market value of about $9.5B. In the twelve months to September 30, 2026 it had revenue of $2.8B and net income of $942M, a net margin of 33.3%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is shareholder returns (4/5); the weakest is track record (2/5).
Key numbers: a P/E of 10.2, a price to free cash flow of 9.7, 5-year revenue growth of 25% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 31% below the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- ROE above 15%
- Interest covered more than 5 times
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.5B | $1.9B | $1.8B | $1.7B | $811M | $835M | $804M | $733M | $621M | $656M |
| Net income | $942M | $669M | $539M | $582M | $428M | $278M | $226M | $238M | $191M | $96M | $134M |
| Free cash flow | $980M | $637M | $592M | $478M | $777M | $282M | $189M | $196M | $201M | $213M | -$200M |
| EPS (diluted) | $2.46 | $1.79 | $1.68 | $1.94 | $1.50 | $1.67 | $1.36 | $1.38 | $1.22 | $0.69 | $1.05 |
| Net margin | 33.3% | 26.5% | 28.6% | 31.7% | 24.8% | 34.2% | 27.1% | 29.6% | 26.0% | 15.4% | 20.5% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 15 analysts is $28.97, 16% above the current price; targets range from $27.00 to $31.00; the consensus rating is “Buy”; expected EPS is $2.57 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Old National Bancorp’s P/E ratio?
About 10.2, based on the last twelve months of diluted earnings per share (forward P/E about 9.3).
Is Old National Bancorp stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 31% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Old National Bancorp pay a dividend?
Yes. The dividend yield is about 2.31%, and it has paid dividends for 10 years in our data.
Is Old National Bancorp a good stock to buy?
We do not give buy or sell advice. Old National Bancorp scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
Similar companies
Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.