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ONB

Old National Bancorp

ONB

NASDAQ·Financial Services·Banks - Regional·Mkt cap $10.0B

$26.04

+0.23%

P/E

11.47

Mkt Cap

$10.0B

52-Wk Range

$19.39–$27.36

52-Week Range

$19.39 - $27.36

P/E

11.47

Fwd P/E

9.99

Beta

0.83

Div Yield

2.21%

Avg Vol

3.8M

Shares Out

386.3M

Mkt Cap

$10.0B

Price action

Price chart

Up 13.9% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • 190-year heritage and established brand recognition in Midwest markets
  • Extensive branch network of 162 banking centers providing local market presence
  • Diversified revenue streams from deposits, lending, wealth management, and fee-based services
  • Strong community relationships enabling competitive deposit gathering and customer retention

Bear Case

1 risk

  • Average volatility.

Growth

Revenue decline expected

Organic loan portfolio expansion in core Midwest markets

Value

Trading at 0.8x Commercial Banking peers — a discount despite the growth profile.

Momentum

Strong

+8.7% over 3m

Quality

Excellent

High-growth business (92% revenue growth, 67% gross margin). Profitable with strong growth momentum.

Dividend

Solid

2.21% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Oct 28, 2026

Q3 26 RECAP

JUL 22, 2026

Reported EPS of $0.65 vs $0.63 consensus (+3.8% surprise). Revenue of $726.9M vs $716.3M expected (+1.5%). Beat on both top and bottom lines.

EPS beat +3.8%
Rev beat +1.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+3.8%

Revenue trend · last 8Q

+5%

+11%

+36%

+40%

+41%

+108%

+5%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$485.9M

$489.9M

$481.4M

$647.3M

$1.0B

$1.0B

$999.7M

$1.0B

Margins · last 8Q

Gross

66.2%

Operating

32.3%

Profit

25.2%

Wall Street consensus

9 analysts · 67% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

6

67%

Hold

3

33%

Sell

0%

Median Price Target

Latest: Citi · Jul 24, 2026

vs Industry

How ONB stacks vs Banks - Regional

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.