OLD NATIONAL BANCORP (ONB) Fundamental Analysis & Valuation

NASDAQ:ONB • US6800331075

Current stock price

21.77 USD
+0.05 (+0.23%)
At close:
21.77 USD
0 (0%)
After Hours:

This ONB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. ONB Profitability Analysis

1.1 Basic Checks

  • ONB had positive earnings in the past year.
  • ONB had a positive operating cash flow in the past year.
  • ONB had positive earnings in each of the past 5 years.
  • Each year in the past 5 years ONB had a positive operating cash flow.
ONB Yearly Net Income VS EBIT VS OCF VS FCFONB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

1.2 Ratios

  • ONB has a Return On Assets (0.91%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 7.69%, ONB is doing worse than 64.21% of the companies in the same industry.
Industry RankSector Rank
ROA 0.91%
ROE 7.69%
ROIC N/A
ROA(3y)1.01%
ROA(5y)1.01%
ROE(3y)8.7%
ROE(5y)8.68%
ROIC(3y)N/A
ROIC(5y)N/A
ONB Yearly ROA, ROE, ROICONB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • ONB has a Profit Margin of 25.87%. This is comparable to the rest of the industry: ONB outperforms 55.26% of its industry peers.
  • In the last couple of years the Profit Margin of ONB has remained more or less at the same level.
  • ONB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 25.87%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.57%
PM growth 5Y-0.93%
GM growth 3YN/A
GM growth 5YN/A
ONB Yearly Profit, Operating, Gross MarginsONB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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3

2. ONB Health Analysis

2.1 Basic Checks

  • ONB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for ONB has been increased compared to 1 year ago.
  • The number of shares outstanding for ONB has been increased compared to 5 years ago.
  • Compared to 1 year ago, ONB has an improved debt to assets ratio.
ONB Yearly Shares OutstandingONB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
ONB Yearly Total Debt VS Total AssetsONB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • The Debt to FCF ratio of ONB is 1.90, which is an excellent value as it means it would take ONB, only 1.90 years of fcf income to pay off all of its debts.
  • ONB has a Debt to FCF ratio (1.90) which is comparable to the rest of the industry.
  • ONB has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
  • ONB has a better Debt to Equity ratio (0.12) than 61.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.9
Altman-Z N/A
ROIC/WACCN/A
WACC12.08%
ONB Yearly LT Debt VS Equity VS FCFONB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ONB Yearly Current Assets VS Current LiabilitesONB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. ONB Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 17.74% over the past year.
  • The Earnings Per Share has been growing by 10.00% on average over the past years. This is quite good.
  • ONB shows a strong growth in Revenue. In the last year, the Revenue has grown by 33.89%.
  • ONB shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.76% yearly.
EPS 1Y (TTM)17.74%
EPS 3Y4.3%
EPS 5Y10%
EPS Q2Q%26.53%
Revenue 1Y (TTM)33.89%
Revenue growth 3Y13.48%
Revenue growth 5Y24.76%
Sales Q2Q%40.95%

3.2 Future

  • ONB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.40% yearly.
  • Based on estimates for the next years, ONB will show a small growth in Revenue. The Revenue will grow by 8.00% on average per year.
EPS Next Y20.22%
EPS Next 2Y14.97%
EPS Next 3Y13.4%
EPS Next 5YN/A
Revenue Next Year14.78%
Revenue Next 2Y9.86%
Revenue Next 3Y8%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ONB Yearly Revenue VS EstimatesONB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
ONB Yearly EPS VS EstimatesONB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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6

4. ONB Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.94, the valuation of ONB can be described as very reasonable.
  • Based on the Price/Earnings ratio, ONB is valued a bit cheaper than the industry average as 77.11% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of ONB to the average of the S&P500 Index (25.50), we can say ONB is valued rather cheaply.
  • A Price/Forward Earnings ratio of 8.27 indicates a reasonable valuation of ONB.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ONB indicates a rather cheap valuation: ONB is cheaper than 85.00% of the companies listed in the same industry.
  • ONB is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.67, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.94
Fwd PE 8.27
ONB Price Earnings VS Forward Price EarningsONB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ONB is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 13.31
EV/EBITDA N/A
ONB Per share dataONB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ONB's earnings are expected to grow with 13.40% in the coming years.
PEG (NY)0.49
PEG (5Y)0.99
EPS Next 2Y14.97%
EPS Next 3Y13.4%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. ONB Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.73%, ONB has a reasonable but not impressive dividend return.
  • ONB's Dividend Yield is comparable with the industry average which is at 2.78.
  • ONB's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.73%

5.2 History

  • The dividend of ONB has a limited annual growth rate of 2.75%.
  • ONB has paid a dividend for at least 10 years, which is a reliable track record.
  • ONB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.75%
Div Incr Years0
Div Non Decr Years14
ONB Yearly Dividends per shareONB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • ONB pays out 34.47% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of ONB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP34.47%
EPS Next 2Y14.97%
EPS Next 3Y13.4%
ONB Yearly Income VS Free CF VS DividendONB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M
ONB Dividend Payout.ONB Dividend Payout, showing the Payout Ratio.ONB Dividend Payout.PayoutRetained Earnings

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ONB Fundamentals: All Metrics, Ratios and Statistics

OLD NATIONAL BANCORP

NASDAQ:ONB (3/25/2026, 4:30:02 PM)

After market: 21.77 0 (0%)

21.77

+0.05 (+0.23%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-21
Earnings (Next)04-20
Inst Owners96.88%
Inst Owner Change-0.48%
Ins Owners0.3%
Ins Owner Change-4%
Market Cap8.48B
Revenue(TTM)2.52B
Net Income(TTM)653.12M
Analysts77.5
Price Target27.93 (28.3%)
Short Float %4.23%
Short Ratio5.25
Dividend
Industry RankSector Rank
Dividend Yield 2.73%
Yearly Dividend0.64
Dividend Growth(5Y)2.75%
DP34.47%
Div Incr Years0
Div Non Decr Years14
Ex-Date03-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.58%
Min EPS beat(2)3.55%
Max EPS beat(2)3.61%
EPS beat(4)4
Avg EPS beat(4)3.25%
Min EPS beat(4)1.5%
Max EPS beat(4)4.34%
EPS beat(8)7
Avg EPS beat(8)2.92%
EPS beat(12)10
Avg EPS beat(12)2.36%
EPS beat(16)13
Avg EPS beat(16)3.71%
Revenue beat(2)1
Avg Revenue beat(2)-1.49%
Min Revenue beat(2)-3.18%
Max Revenue beat(2)0.2%
Revenue beat(4)2
Avg Revenue beat(4)-0.09%
Min Revenue beat(4)-3.18%
Max Revenue beat(4)2.9%
Revenue beat(8)2
Avg Revenue beat(8)-0.45%
Revenue beat(12)4
Avg Revenue beat(12)-0.1%
Revenue beat(16)8
Avg Revenue beat(16)1.85%
PT rev (1m)0.49%
PT rev (3m)6.01%
EPS NQ rev (1m)0.32%
EPS NQ rev (3m)-1.84%
EPS NY rev (1m)-0.35%
EPS NY rev (3m)-0.2%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.14%
Valuation
Industry RankSector Rank
PE 9.94
Fwd PE 8.27
P/S 3.36
P/FCF 13.31
P/OCF 12.45
P/B 1
P/tB 1.52
EV/EBITDA N/A
EPS(TTM)2.19
EY10.06%
EPS(NY)2.63
Fwd EY12.09%
FCF(TTM)1.64
FCFY7.51%
OCF(TTM)1.75
OCFY8.03%
SpS6.48
BVpS21.8
TBVpS14.34
PEG (NY)0.49
PEG (5Y)0.99
Graham Number32.77
Profitability
Industry RankSector Rank
ROA 0.91%
ROE 7.69%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.87%
GM N/A
FCFM 25.25%
ROA(3y)1.01%
ROA(5y)1.01%
ROE(3y)8.7%
ROE(5y)8.68%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.57%
PM growth 5Y-0.93%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.9
Debt/EBITDA N/A
Cap/Depr 35.65%
Cap/Sales 1.75%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 97.59%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC12.08%
ROIC/WACCN/A
Cap/Depr(3y)47.78%
Cap/Depr(5y)66.07%
Cap/Sales(3y)1.81%
Cap/Sales(5y)2.73%
Profit Quality(3y)98.42%
Profit Quality(5y)116.85%
High Growth Momentum
Growth
EPS 1Y (TTM)17.74%
EPS 3Y4.3%
EPS 5Y10%
EPS Q2Q%26.53%
EPS Next Y20.22%
EPS Next 2Y14.97%
EPS Next 3Y13.4%
EPS Next 5YN/A
Revenue 1Y (TTM)33.89%
Revenue growth 3Y13.48%
Revenue growth 5Y24.76%
Sales Q2Q%40.95%
Revenue Next Year14.78%
Revenue Next 2Y9.86%
Revenue Next 3Y8%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y7.67%
FCF growth 3Y-6.37%
FCF growth 5Y27.54%
OCF growth 1Y9.51%
OCF growth 3Y-5.77%
OCF growth 5Y25.4%

OLD NATIONAL BANCORP / ONB Fundamental Analysis FAQ

What is the fundamental rating for ONB stock?

ChartMill assigns a fundamental rating of 5 / 10 to ONB.


What is the valuation status of OLD NATIONAL BANCORP (ONB) stock?

ChartMill assigns a valuation rating of 6 / 10 to OLD NATIONAL BANCORP (ONB). This can be considered as Fairly Valued.


What is the profitability of ONB stock?

OLD NATIONAL BANCORP (ONB) has a profitability rating of 3 / 10.


Can you provide the expected EPS growth for ONB stock?

The Earnings per Share (EPS) of OLD NATIONAL BANCORP (ONB) is expected to grow by 20.22% in the next year.


Can you provide the dividend sustainability for ONB stock?

The dividend rating of OLD NATIONAL BANCORP (ONB) is 7 / 10 and the dividend payout ratio is 34.47%.