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OLD National Bancorp (ONB) stock

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NASDAQ: ONB Nasdaq Regional Banks Next results ~January 20, 2027

C Fundamentals grade

OLD National Bancorp is a US-listed company in the regional banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$24

Valuation models combined (6)

Base case. Range ~$17–$28. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Modestly overvalued

The price is inside our value range, 7% above our base value.

Price used: $25.77, November 2, 2026

OLD National Bancorp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds222 adding, 171 cuttingOf 46 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter OLD National Bancorp files

10-Q filed October 28: OLD National Bancorp

Model value +4.8%

Revenue for the twelve months to September 2026 was $2.83bn, up 21.8% on a year earlier, slower than the 34.1% growth a quarter earlier. The diluted share count is up 10.8% on a year earlier, which dilutes existing holders. Its fundamentals grade moves from C+ to C. Our model value rises from $23.38 to $24.51 a share, against a share price of $25.31. The rating stays Hold.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: OLD National Bancorp

Revenue for the twelve months to June 2026 reached $2.83bn, up 21.8% on a year earlier. That pace cooled from the 34.1% growth recorded a quarter earlier. The diluted share count rose 10.8% over the same period, which dilutes existing holders. On fundamentals, the grade improves from C to C+. Our model value slips from $24.14 to $23.38 a share, set against a market price of $24.95. The rating stays Hold.

10-Q on SEC EDGAR

Where OLD National Bancorp stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.82bn, up 34.1% on a year earlier, slower than the 41.6% growth a quarter earlier. That growth ranks 9 of 50 among the regional banks companies we cover. The diluted share count is up 17.7% on a year earlier, which dilutes existing holders. Our cash-flow model value is $24.14 a share, against a share price of $25.04.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 20, 2027 (estimated)

OLD National Bancorp's trailing-twelve-month revenue grew 21.8% year on year, with a free-cash-flow margin of 34.6%. Where it lags: change in growth rate of -12.3pp ranks 225 of 244 regional banks companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 34.4% while net income grew 57.9%: a 24pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 21.8% over the last 12 months, against a median of 12.5% for regional banks companies we cover.
  • Strong cash generation. 34.6% of revenue turned into free cash flow.
  • Net cash. Cash exceeds long-term debt by $1.7bn.

Things to watch

  • Growth slowing. The growth rate is 12.3 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 10.8% in a year.
  • Insiders selling. 3 insiders sold $51M of stock over the past 365 days and none bought (98% under pre-set trading plans).
  • Short interest rising. Shares sold short rose 29% in a month to 7.6% of tradable shares.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.66 against an average estimate of $0.66: missed by 0.1%
Revenue
$713m, up 1.1% on a year earlier
Share reaction
-0.7% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Next report
January 20, 2027; average EPS estimate $0.66

OLD National Bancorp's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.7%
  • 1 week+3.0%
  • 1 month+3.2%
  • This year+17.6%
  • 1 year+29.2%
  • 5 years+66.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.8B
Net margin
33.8%
EPS (TTM, diluted)
$2.49

Growth

Revenue growth
+21.8%
Change in growth rate
−12.3 pts
Share count change
+10.8%

Earnings

Last results
October 21, 2026
Next results (est.)
January 20, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Results
  4. Announcement
  5. Announcement
  6. Leadership
  7. Announcement
  8. Leadership
  9. Announcement
  10. Announcement
  11. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

OLD National Bancorp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$24
Price used
$25.58close November 3, 2026
Implied change
▼ 6%
Uncertainty
Low

How we got here: the combined value of 6 valuation models built for a business like OLD National Bancorp (see the models table below and how they are combined) , with a 8.94% cost of equity. The models span ~$17–~$28; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value OLD National Bancorp as a bank or lender, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$24 ~$17–$34 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$24 ~$21–$29 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$28 ~$16–$40 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$17 ~$22–$33 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$27 ~$26–$33 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$25 ~$21–$31 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$24 ~$17–$28 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare OLD National Bancorp with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

61 /100

Moderate moat

How hard OLD National Bancorp's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 1.0% of total assets over 10 years.

  • Durability 18 / 20

    Net margin has been a median 27.0%; its worst year was 18.0%.

  • Discipline 10 / 20

    The diluted share count rose 132.4% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (66 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 20, 2027, before the open. Analysts expect revenue of $732m and EPS of $0.66 (range $0.64 to $0.68) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.57 +17% $2.9bn +13%
Next $2.81 +9% $3.0bn +5%

Next year's EPS estimate has moved −2.8% in 90 days, across 15 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.66 $0.66 −0.1%
Jun 2026 $0.63 $0.65 +3.8%
Mar 2026 $0.60 $0.61 +0.9%
Dec 2025 $0.59 $0.62 +4.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

15 analysts, Oct 2026
Buy1280%
Hold320%
Sell00%

Monthly trend

  1. Oct 202657315
  2. Sep 202647415
  3. Aug 202626412
  4. Jul 202626412

Counts of recommendations published by analysts covering OLD National Bancorp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.6%
of tradable shares
Days to cover
5.33
at average volume
Short interest, 1 month
+29%
to September 30, 2026
Held by institutions
88%
of shares
Held by insiders
0.7%
of shares
Employees
4,894
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +29.2%

$19.94 on October 31, 2025 to $25.77

ThenNowEffect
Revenue (last 12 months) $2.1bn $2.8bn +34.1%
Net margin 27.0% 31.4% +16.4%
P/E multiple 11.6x 11.3x −2.6%
Share count 329m 388m −15.0%

Biggest factor: revenue.

Last 3 years +91.7%

$13.45 on November 3, 2023 to $25.77

ThenNowEffect
Revenue (last 12 months) $1.9bn $2.8bn +46.3%
Net margin 33.3% 31.4% −5.7%
P/E multiple 6.1x 11.3x +83.9%
Share count 293m 388m −24.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ONB+13%+3%−3%+33%+5%+18%
Industry peers (median)+34%−4%−2%+16%+10%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ONB75%33%42%50%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ONB−24%−27%−35%−13%−26%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 41% from September 10, 2018 to May 13, 2020. Getting back needed a 69% gain, reached on March 5, 2021, 296 days after the low.

Price behaviour

52-week range
$19.31 – $27.14
From 52-week high
−5.0%
vs 50-day average
+2.3%
vs 200-day average
+5.5%
Volatility (1 year)
24%
Beta vs S&P 500
0.64

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±1.8%
After a week
8 up, 4 down
typical move ±2.9%
After a month
6 up, 5 down
typical move ±4.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 −0.7% −0.7% −2.4% —
July 22, 2026 −0.2% −1.3% +1.9% −1.3%
April 22, 2026 +0.9% +0.6% −0.9% +0.2%
January 21, 2026 +5.9% +1.7% +3.8% +10.0%
October 22, 2025 −0.3% +0.1% −2.9% −2.1%
July 22, 2025 −2.7% +0.9% −5.3% −4.4%
April 22, 2025 +7.1% +4.2% +9.3% +7.7%
January 21, 2025 +2.2% +1.5% +2.8% +4.5%
October 22, 2024 +0.2% −1.0% +1.3% +10.9%
July 23, 2024 +0.5% −2.4% +2.0% −5.6%
April 23, 2024 +0.8% +1.1% +0.5% +3.8%
January 23, 2024 −0.4% +0.4% +1.2% −1.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How OLD National Bancorp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

OLD National Bancorp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) OLD National Bancorp
$1.5B $2B $2.5B $3B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.8B Revenue (TTM), FY24 Q1: $1.8B Revenue (TTM), FY24 Q2: $1.8B Revenue (TTM), FY24 Q3: $1.9B Revenue (TTM), FY24 Q4: $1.9B Revenue (TTM), FY25 Q1: $1.9B Revenue (TTM), FY25 Q2: $2.1B Revenue (TTM), FY25 Q3: $2.3B Revenue (TTM), FY25 Q4: $2.5B Revenue (TTM), FY26 Q1: $2.7B Revenue (TTM), FY26 Q2: $2.8B Revenue (TTM), FY26 Q3: $2.8B $2.8B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.8B
FY24 Q1 $1.8B
FY24 Q2 $1.8B
FY24 Q3 $1.9B
FY24 Q4 $1.9B
FY25 Q1 $1.9B
FY25 Q2 $2.1B
FY25 Q3 $2.3B
FY25 Q4 $2.5B
FY26 Q1 $2.7B
FY26 Q2 $2.8B
FY26 Q3 $2.8B
Revenue growth, TTM YoY OLD National Bancorp
-20% 0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 6.3% Revenue growth, TTM YoY, FY24 Q1: -3.9% Revenue growth, TTM YoY, FY24 Q2: -5.1% Revenue growth, TTM YoY, FY24 Q3: -3.5% Revenue growth, TTM YoY, FY24 Q4: 2.7% Revenue growth, TTM YoY, FY25 Q1: 6.3% Revenue growth, TTM YoY, FY25 Q2: 15.0% Revenue growth, TTM YoY, FY25 Q3: 24.9% Revenue growth, TTM YoY, FY25 Q4: 33.9% Revenue growth, TTM YoY, FY26 Q1: 41.6% Revenue growth, TTM YoY, FY26 Q2: 34.1% Revenue growth, TTM YoY, FY26 Q3: 21.8% 21.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 6.3%
FY24 Q1 -3.9%
FY24 Q2 -5.1%
FY24 Q3 -3.5%
FY24 Q4 2.7%
FY25 Q1 6.3%
FY25 Q2 15.0%
FY25 Q3 24.9%
FY25 Q4 33.9%
FY26 Q1 41.6%
FY26 Q2 34.1%
FY26 Q3 21.8%
FCF margin (TTM) OLD National Bancorp
20% 25% 30% 35% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 26.0% FCF margin (TTM), FY24 Q1: 29.2% FCF margin (TTM), FY24 Q2: 28.9% FCF margin (TTM), FY24 Q3: 22.9% FCF margin (TTM), FY24 Q4: 31.4% FCF margin (TTM), FY25 Q1: 31.0% FCF margin (TTM), FY25 Q2: 24.3% FCF margin (TTM), FY25 Q3: 31.4% FCF margin (TTM), FY25 Q4: 25.2% FCF margin (TTM), FY26 Q1: 26.6% FCF margin (TTM), FY26 Q2: 33.3% FCF margin (TTM), FY26 Q3: 34.6% 34.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 26.0%
FY24 Q1 29.2%
FY24 Q2 28.9%
FY24 Q3 22.9%
FY24 Q4 31.4%
FY25 Q1 31.0%
FY25 Q2 24.3%
FY25 Q3 31.4%
FY25 Q4 25.2%
FY26 Q1 26.6%
FY26 Q2 33.3%
FY26 Q3 34.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What OLD National Bancorp earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $3.3B
  2. Fee and other income $467M · 18.5%
  3. Interest paid $1.2B
  4. Net interest income $2.1B · 81.5%
  5. Revenue $2.5B
  6. Non-interest expense $1.5B · 58.8%
  7. Credit-loss provisions $198M · 7.8%
  8. Pre-tax profit $841M · 33.3%
  9. Income tax $172M · 6.8%
  10. Net income $669M · 26.5%

Shares of revenue. Source: OLD National Bancorp's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 395 389 456 499 502 531 597 656 621 733 804 835 811 1,728 1,836 1,885 2,524 2,831
Net income 14 38 72 92 101 104 117 134 96 191 238 226 278 428 582 539 669 958
Diluted EPS $0.14 $0.44 $0.76 $0.95 $1.00 $0.95 $1.00 $1.05 $0.69 $1.22 $1.38 $1.36 $1.67 $1.50 $1.94 $1.68 $1.79 $2.49
Growth (year on year)
Revenue −3.8% −1.6% +17.3% +9.4% +0.7% +5.8% +12.3% +9.9% −5.3% +18.1% +9.6% +4.0% −3.0% +113.1% +6.3% +2.7% +33.9% +21.8%
Net income −78.0% +178.2% +89.6% +26.5% +10.1% +2.7% +12.6% +15.0% −28.7% +99.4% +24.8% −5.0% +22.6% +54.3% +35.9% −7.4% +24.1% +57.9%
Diluted EPS −85.3% +214.3% +72.7% +25.0% +5.3% −5.0% +5.3% +5.0% −34.3% +76.8% +13.1% −1.4% +22.8% −10.2% +29.3% −13.4% +6.5% +42.5%
Margins
Net margin 3.5% 9.8% 15.9% 18.4% 20.1% 19.5% 19.6% 20.5% 15.4% 26.0% 29.6% 27.1% 34.2% 24.8% 31.7% 28.6% 26.5% 33.8%
Free-cash-flow margin 6.7% 22.9% 28.9% 19.2% 29.2% 33.7% 6.4% −30.5% 34.3% 27.4% 24.4% 22.6% 34.7% 44.9% 26.0% 31.4% 25.2% 34.6%
Cash flow
Cash from operations 40 97 143 114 165 199 124 25 250 234 234 220 330 814 516 622 681 1,025
Capital spending 14 7 11 19 19 20 86 225 37 33 37 31 49 38 38 30 44 45
Free cash flow 26 89 132 96 147 179 38 −200 213 201 196 189 282 777 478 592 637 980
Stock-based pay 1 2 3 3 4 4 4 7 6 8 8 8 7 29 28 32 38 34
Free cash flow after stock pay 25 87 128 92 143 175 34 −207 207 193 188 181 274 748 450 560 599 946
Balance sheet
Cash 497 252 223 264 207 240 220 256 290 317 276 590 822 728 1,175 1,228 1,826 1,679
Total debt 1,030 720 716 827 1,019 1,471 1,920 1,353 1,610 1,613 — 0 0 0 0 0 0 0
Net debt (negative = net cash) 533 469 493 563 812 1,231 1,700 1,098 1,319 1,296 −276 −590 −822 −728 −1,175 −1,228 −1,826 −1,679
Diluted shares 71m 87m 95m 97m 101m 108m 116m 128m 139m 157m 173m 166m 166m 277m 292m 311m 365m 385m
Returned to shareholders
Dividends 30 24 27 35 40 48 56 68 73 82 89 93 93 178 180 191 225 238
Buybacks 0 1 2 4 24 26 89 2 3 2 102 82 4 71 44 9 72 345
Total returned 31 25 28 39 65 74 144 70 75 84 192 175 97 249 224 200 297 583

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$345M
Dividends (TTM)
$238M
Returned to shareholders
59%
of free cash flow
Buybacks, last 3 fiscal years
$125M
Diluted share count
+10.8%
year over year
Total shareholder yield
6.0%
dividends 2.4% + buybacks 3.5% of market value
Dividend payout ratio
25%
of net income paid out

Competitors: side by side with peers

Closest by revenue in regional banks
Last 12 months unless stated ONB WTFC SSB UMBF COLB EWBC Median
Revenue, last 12 months $2.8bn $2.9bn $2.7bn $3.0bn $2.7bn $3.1bn $255m
Revenue growth, last 12 months 21.8% 11.5% 10.7% 27.3% 33.7% 13.7% 12.5%
Revenue growth, 3-year average 13.7% 9.5% 15.0% 27.2% 18.1% 6.0% 6.0%
Revenue growth, latest quarter 1.1% 10.1% −1.9% 13.9% 32.5% 12.5% 10.7%
Net margin 33.8% 31.4% 34.3% 34.3% 26.8% 46.6% 28.7%
Cash from operations / revenue 36.2% 57.4% 57.8% 39.4% 49.2% 63.7% 34.3%
Free-cash-flow margin 34.6% 55.1% 55.3% 37.9% 43.3% 63.7% 31.4%
Free-cash-flow margin, 3-year average 29.6% 36.5% 20.3% 31.8% 32.4% 57.8% 29.9%
Stock pay / revenue 1.2% 1.5% 1.4% 1.4% 1.4% 2.8% 1.2%
Change in share count 10.8% 1.3% 3.2% 14.4% 32.9% −0.4% 0.4%

Median of all 245 companies we cover in regional banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

245 regional banks companies
Measure Company Peer median Rank
Revenue growth Growth 21.8% 12.5% 65 of 245
Change in growth rate Growth -12.3pp +0.0pp 225 of 244
Net margin Profitability 33.8% 28.7% 54 of 245
Stock pay as % of revenue Cash generation 1.2% 1.3% 94 of 206
Change in share count Balance sheet 10.8% 0.4% 198 of 230

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$8.5B
Institutions reporting
453
Shares held vs prior quarter
▼ 11.5%
Positions opened / closed
56 / 41

Top buyers and sellers, Q2 2026: 222 institutions bought and 171 sold ; the biggest buyer was Channing Capital Management, LLC (+3.5M shares) and the biggest seller Old National Bancorp (−41.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.2B 46.9M 14.3% ▲ 4.8%
FMR LLC $900M 34.7M 10.6% ▼ 0.8%
Vanguard Portfolio Management LLC $475M 18.3M 5.6% ▲ 0.7%
Dimensional Fund Advisors LP $472M 18.2M 5.5% ▲ 1.9%
State Street Corp $423M 16.3M 5.0% ▲ 3.6%
Vanguard Capital Management LLC $405M 15.6M 4.8% ▼ 0.2%
Fuller & Thaler Asset Management, Inc. $358M 13.8M 4.2% ▼ 8.2%
Geode Capital Management, LLC $260M 10.0M 3.1% ▲ 4.7%
Nomura Asset Management International Inc. $199M 7.7M 2.3% ▼ 19.9%
Morgan Stanley $180M 7.0M 2.1% ▼ 9.4%
First Trust Advisors LP $178M 6.9M 2.1% ▲ 7.4%
American Century Companies Inc $147M 5.7M 1.7% ▼ 16.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not OLD National Bancorp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $51.2M 4 trades by 3 insiders · 98% under pre-set plans
Net ▼ $51.2M net selling
Insider Date Trade Shares Price Value
Alahmar Chady M. CEO, WEALTH MANAGEMENT July 30, 2026 Sell 11,771 $26.41 $310,872
Chulos Nicholas J Chief Legal Officer & Corp Sec July 28, 2026 Sell 20,000 $26.66 $533,200
Otto Bremer Trust 10% owner February 26, 2026 Sell pre-set plan 1,926,782 $25.95 $50M
Chulos Nicholas J Chief Legal Officer & Corp Sec February 3, 2026 Sell 15,000 $25.05 $375,750

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 22, 2026
  • April 22, 2026
  • January 21, 2026
  • October 22, 2025
  • July 22, 2025

Recent SEC filings

Data status

When each part of this page on OLD National Bancorp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

OLD National Bancorp in brief

What does OLD National Bancorp do?
OLD National Bancorp is a US-listed company in the regional banks industry. Its financial year ends in December.
What is OLD National Bancorp's stock ticker?
OLD National Bancorp trades under the ticker ONB on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is OLD National Bancorp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, OLD National Bancorp reported revenue of $2.8B, 21.8% higher than a year earlier, according to its SEC filings.
What is OLD National Bancorp's free cash flow?
OLD National Bancorp's free-cash-flow margin is 34.6% of revenue over the trailing twelve months.
Who are OLD National Bancorp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is OLD National Bancorp buying back stock, and does it pay a dividend?
OLD National Bancorp spent $345M on share repurchases over the trailing twelve months, and its diluted share count still rose 10.8% over the year.
What is OLD National Bancorp's market cap?
On November 2, 2026, OLD National Bancorp's market capitalisation was about $9.9B, with a price-to-earnings ratio of 10.4 and net debt of -$1.7B. Market figures come from third-party market data and may be delayed.
Does OLD National Bancorp pay a dividend?
Yes: OLD National Bancorp paid $238M in dividends over the trailing twelve months, a dividend yield of 2.44% and a payout ratio of 24.8%.
Who are OLD National Bancorp's competitors?
In our Regional Banks peer group, the companies closest to OLD National Bancorp are Wintrust Financial Corp, Southstate Bank Corp, UMB Financial Corp, Columbia Banking System, Inc. and East West Bancorp Inc. The side-by-side comparison below sets their revenue, margins and growth against OLD National Bancorp's.
Are insiders buying or selling OLD National Bancorp stock?
Over the last 12 months, OLD National Bancorp's directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is OLD National Bancorp's next earnings date?
Around January 20, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — OLD National Bancorp announces its own schedule.