(ONB) Old National Bancorp - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US6800331075
Stock: Deposits, Loans, Cards, Digital Banking, Wealth Management
Total Rating 48
Risk 88
Buy Signal 0.56
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.55% |
| Yield on Cost 5y | 3.66% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 91.3% |
| Payout Ratio | 25.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.9% |
| Relative Tail Risk | -12.9% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.29 |
| Alpha | -8.05 |
| Character TTM | |
|---|---|
| Beta | 1.201 |
| Beta Downside | 1.440 |
| Drawdowns 3y | |
|---|---|
| Max DD | 32.28% |
| CAGR/Max DD | 0.53 |
Description: ONB Old National Bancorp January 07, 2026
Old National Bancorp (NASDAQ:ONB) is the holding company for Old National Bank, a regional bank headquartered in Evansville, Indiana. It offers a full suite of consumer and commercial banking products-including demand and interest-bearing deposits, home-equity lines, residential and commercial real-estate loans, agricultural financing, and a range of wealth-management and treasury services-delivered through both physical branches and digital channels.
Key operating metrics that investors watch for regional banks like ONB include: (1) a net interest margin (NIM) of roughly 3.2% ± 0.3% in Q4 2023, reflecting the current interest-rate environment; (2) a loan-to-deposit ratio near 78%, indicating moderate leverage and liquidity risk; and (3) a return on equity (ROE) around 10%-11%, which is in line with peers but sensitive to credit-loss provisions. The sector’s performance is driven primarily by the Fed’s policy rate trajectory, regional economic growth in the Midwest, and the competitive pressure from fintech platforms on fee-based services.
For a deeper, data-rich look at ONB’s valuation and risk profile, you might explore the analyst tools available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: 669.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.25 > 1.0 |
| NWC/Revenue: -175.0% < 20% (prev -1096 %; Δ 921.1% < -1%) |
| CFO/TA 0.01 > 3% & CFO 758.0m > Net Income 669.3m |
| Net Debt (6.86b) to EBITDA (978.0m): 7.01 < 3 |
| Current Ratio: 0.89 > 1.5 & < 3 |
| Outstanding Shares: last quarter (389.6m) vs 12m ago 22.19% < -2% |
| Gross Margin: 63.60% > 18% (prev 0.60%; Δ 6300 % > 0.5%) |
| Asset Turnover: 5.90% > 50% (prev 5.52%; Δ 0.38% > 0%) |
| Interest Coverage Ratio: 0.72 > 6 (EBITDA TTM 978.0m / Interest Expense TTM 1.21b) |
Altman Z'' -0.26
| A: -0.09 (Total Current Assets 50.07b - Total Current Liabilities 56.57b) / Total Assets 72.15b |
| B: 0.03 (Retained Earnings 2.25b / Total Assets 72.15b) |
| C: 0.01 (EBIT TTM 874.1m / Avg Total Assets 62.85b) |
| D: 0.13 (Book Value of Equity 8.49b / Total Liabilities 63.66b) |
| Altman-Z'' Score: -0.26 = B |
What is the price of ONB shares?
As of February 07, 2026, the stock is trading at USD 25.88 with a total of 3,850,443 shares traded.
Over the past week, the price has changed by +5.94%, over one month by +11.36%, over three months by +26.48% and over the past year by +8.57%.
Over the past week, the price has changed by +5.94%, over one month by +11.36%, over three months by +26.48% and over the past year by +8.57%.
Is ONB a buy, sell or hold?
Old National Bancorp has received a consensus analysts rating of 4.18.
Therefore, it is recommended to buy ONB.
- StrongBuy: 5
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ONB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 27.3 | 5.6% |
| Analysts Target Price | 27.3 | 5.6% |
| ValueRay Target Price | 28.7 | 11% |
ONB Fundamental Data Overview February 01, 2026
P/E Trailing = 13.648
P/E Forward = 9.3985
P/S = 4.1497
P/B = 1.1206
P/EG = 2.45
Revenue TTM = 3.71b USD
EBIT TTM = 874.1m USD
EBITDA TTM = 978.0m USD
Long Term Debt = 6.46b USD (from longTermDebt, two quarters ago)
Short Term Debt = 361.6m USD (from shortTermDebt, last quarter)
Debt = 7.45b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.86b USD (from netDebt column, last quarter)
Enterprise Value = 15.17b USD (9.55b + Debt 7.45b - CCE 1.83b)
Interest Coverage Ratio = 0.72 (Ebit TTM 874.1m / Interest Expense TTM 1.21b)
EV/FCF = 20.19x (Enterprise Value 15.17b / FCF TTM 751.3m)
FCF Yield = 4.95% (FCF TTM 751.3m / Enterprise Value 15.17b)
FCF Margin = 20.25% (FCF TTM 751.3m / Revenue TTM 3.71b)
Net Margin = 18.04% (Net Income TTM 669.3m / Revenue TTM 3.71b)
Gross Margin = 63.60% ((Revenue TTM 3.71b - Cost of Revenue TTM 1.35b) / Revenue TTM)
Gross Margin QoQ = 68.57% (prev 66.44%)
Tobins Q-Ratio = 0.21 (Enterprise Value 15.17b / Total Assets 72.15b)
Interest Expense / Debt = 4.25% (Interest Expense 316.5m / Debt 7.45b)
Taxrate = 20.22% (54.9m / 271.5m)
NOPAT = 697.4m (EBIT 874.1m * (1 - 20.22%))
Current Ratio = 0.89 (Total Current Assets 50.07b / Total Current Liabilities 56.57b)
Debt / Equity = 0.88 (Debt 7.45b / totalStockholderEquity, last quarter 8.49b)
Debt / EBITDA = 7.01 (Net Debt 6.86b / EBITDA 978.0m)
Debt / FCF = 9.13 (Net Debt 6.86b / FCF TTM 751.3m)
Total Stockholder Equity = 7.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.06% (Net Income 669.3m / Total Assets 72.15b)
RoE = 8.51% (Net Income TTM 669.3m / Total Stockholder Equity 7.87b)
RoCE = 6.10% (EBIT 874.1m / Capital Employed (Equity 7.87b + L.T.Debt 6.46b))
RoIC = 5.16% (NOPAT 697.4m / Invested Capital 13.52b)
WACC = 7.29% (E(9.55b)/V(17.00b) * Re(10.34%) + D(7.45b)/V(17.00b) * Rd(4.25%) * (1-Tc(0.20)))
Discount Rate = 10.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 15.50%
[DCF Debug] Terminal Value 80.45% ; FCFF base≈621.0m ; Y1≈606.6m ; Y5≈612.8m
Fair Price DCF = 14.60 (EV 12.55b - Net Debt 6.86b = Equity 5.69b / Shares 389.7m; r=7.29% [WACC]; 5y FCF grow -3.33% → 2.90% )
EPS Correlation: 38.86 | EPS CAGR: 12.40% | SUE: 1.78 | # QB: 2
Revenue Correlation: 91.09 | Revenue CAGR: 38.03% | SUE: 3.97 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.61 | Chg30d=-0.008 | Revisions Net=-5 | Analysts=12
EPS current Year (2026-12-31): EPS=2.61 | Chg30d=-0.010 | Revisions Net=-2 | Growth EPS=+17.9% | Growth Revenue=+14.1%
EPS next Year (2027-12-31): EPS=2.87 | Chg30d=+0.001 | Revisions Net=+0 | Growth EPS=+10.1% | Growth Revenue=+5.0%
P/E Forward = 9.3985
P/S = 4.1497
P/B = 1.1206
P/EG = 2.45
Revenue TTM = 3.71b USD
EBIT TTM = 874.1m USD
EBITDA TTM = 978.0m USD
Long Term Debt = 6.46b USD (from longTermDebt, two quarters ago)
Short Term Debt = 361.6m USD (from shortTermDebt, last quarter)
Debt = 7.45b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.86b USD (from netDebt column, last quarter)
Enterprise Value = 15.17b USD (9.55b + Debt 7.45b - CCE 1.83b)
Interest Coverage Ratio = 0.72 (Ebit TTM 874.1m / Interest Expense TTM 1.21b)
EV/FCF = 20.19x (Enterprise Value 15.17b / FCF TTM 751.3m)
FCF Yield = 4.95% (FCF TTM 751.3m / Enterprise Value 15.17b)
FCF Margin = 20.25% (FCF TTM 751.3m / Revenue TTM 3.71b)
Net Margin = 18.04% (Net Income TTM 669.3m / Revenue TTM 3.71b)
Gross Margin = 63.60% ((Revenue TTM 3.71b - Cost of Revenue TTM 1.35b) / Revenue TTM)
Gross Margin QoQ = 68.57% (prev 66.44%)
Tobins Q-Ratio = 0.21 (Enterprise Value 15.17b / Total Assets 72.15b)
Interest Expense / Debt = 4.25% (Interest Expense 316.5m / Debt 7.45b)
Taxrate = 20.22% (54.9m / 271.5m)
NOPAT = 697.4m (EBIT 874.1m * (1 - 20.22%))
Current Ratio = 0.89 (Total Current Assets 50.07b / Total Current Liabilities 56.57b)
Debt / Equity = 0.88 (Debt 7.45b / totalStockholderEquity, last quarter 8.49b)
Debt / EBITDA = 7.01 (Net Debt 6.86b / EBITDA 978.0m)
Debt / FCF = 9.13 (Net Debt 6.86b / FCF TTM 751.3m)
Total Stockholder Equity = 7.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.06% (Net Income 669.3m / Total Assets 72.15b)
RoE = 8.51% (Net Income TTM 669.3m / Total Stockholder Equity 7.87b)
RoCE = 6.10% (EBIT 874.1m / Capital Employed (Equity 7.87b + L.T.Debt 6.46b))
RoIC = 5.16% (NOPAT 697.4m / Invested Capital 13.52b)
WACC = 7.29% (E(9.55b)/V(17.00b) * Re(10.34%) + D(7.45b)/V(17.00b) * Rd(4.25%) * (1-Tc(0.20)))
Discount Rate = 10.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 15.50%
[DCF Debug] Terminal Value 80.45% ; FCFF base≈621.0m ; Y1≈606.6m ; Y5≈612.8m
Fair Price DCF = 14.60 (EV 12.55b - Net Debt 6.86b = Equity 5.69b / Shares 389.7m; r=7.29% [WACC]; 5y FCF grow -3.33% → 2.90% )
EPS Correlation: 38.86 | EPS CAGR: 12.40% | SUE: 1.78 | # QB: 2
Revenue Correlation: 91.09 | Revenue CAGR: 38.03% | SUE: 3.97 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.61 | Chg30d=-0.008 | Revisions Net=-5 | Analysts=12
EPS current Year (2026-12-31): EPS=2.61 | Chg30d=-0.010 | Revisions Net=-2 | Growth EPS=+17.9% | Growth Revenue=+14.1%
EPS next Year (2027-12-31): EPS=2.87 | Chg30d=+0.001 | Revisions Net=+0 | Growth EPS=+10.1% | Growth Revenue=+5.0%