OLD NATIONAL BANCORP (ONB) Stock Fundamental Analysis

NASDAQ:ONB • US6800331075

22.8 USD
-0.75 (-3.18%)
Last: Mar 3, 2026, 10:10 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, ONB scores 5 out of 10 in our fundamental rating. ONB was compared to 379 industry peers in the Banks industry. ONB may be in some trouble as it scores bad on both profitability and health. ONB is not priced too expensively while it is growing strongly. Keep and eye on this one! ONB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year ONB was profitable.
  • ONB had a positive operating cash flow in the past year.
  • ONB had positive earnings in each of the past 5 years.
  • ONB had a positive operating cash flow in 4 of the past 5 years.
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

  • With a Return On Assets value of 0.83%, ONB perfoms like the industry average, outperforming 42.74% of the companies in the same industry.
  • With a Return On Equity value of 7.10%, ONB is not doing good in the industry: 66.49% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.83%
ROE 7.1%
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 (25.41%) which is in line with 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) 25.41%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.58%
PM growth 5Y-0.92%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

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.
  • The debt/assets ratio for ONB has been reduced compared to a year ago.
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

  • ONB has a debt to FCF ratio of 1.51. This is a very positive value and a sign of high solvency as it would only need 1.51 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.51, ONB is in line with its industry, outperforming 55.67% of the companies in the same industry.
  • ONB has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
  • ONB's Debt to Equity ratio of 0.13 is fine compared to the rest of the industry. ONB outperforms 61.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 1.51
Altman-Z N/A
ROIC/WACCN/A
WACC11.25%
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. Growth

3.1 Past

  • ONB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.74%, which is quite good.
  • ONB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.00% yearly.
  • ONB shows a strong growth in Revenue. In the last year, the Revenue has grown by 33.89%.
  • The Revenue has been growing by 24.75% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)17.74%
EPS 3Y4.3%
EPS 5Y10%
EPS Q2Q%26.53%
Revenue 1Y (TTM)33.89%
Revenue growth 3Y13.47%
Revenue growth 5Y24.75%
Sales Q2Q%40.95%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.14% on average over the next years. This is quite good.
  • ONB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.91% yearly.
EPS Next Y20.65%
EPS Next 2Y15.3%
EPS Next 3Y14.14%
EPS Next 5YN/A
Revenue Next Year14.7%
Revenue Next 2Y9.74%
Revenue Next 3Y7.91%
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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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.41, 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 70.45% of the companies are valued more expensively.
  • ONB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.13.
  • A Price/Forward Earnings ratio of 8.63 indicates a reasonable valuation of ONB.
  • 81.79% of the companies in the same industry are more expensive than ONB, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.11, ONB is valued rather cheaply.
Industry RankSector Rank
PE 10.41
Fwd PE 8.63
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 12.19
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

  • ONB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ONB's earnings are expected to grow with 14.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.5
PEG (5Y)1.04
EPS Next 2Y15.3%
EPS Next 3Y14.14%

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

9

5. Dividend

5.1 Amount

  • ONB has a Yearly Dividend Yield of 6.94%, which is a nice return.
  • ONB's Dividend Yield is rather good when compared to the industry average which is at 2.73. ONB pays more dividend than 97.10% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ONB pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.94%

5.2 History

  • The dividend of ONB has a limited annual growth rate of 3.80%.
  • ONB has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ONB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.8%
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 36.45% 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.
DP36.45%
EPS Next 2Y15.3%
EPS Next 3Y14.14%
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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OLD NATIONAL BANCORP

NASDAQ:ONB (3/3/2026, 10:10:09 AM)

22.8

-0.75 (-3.18%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-21
Earnings (Next)04-20
Inst Owners96.98%
Inst Owner Change-0.52%
Ins Owners0.3%
Ins Owner Change0.02%
Market Cap8.88B
Revenue(TTM)2.52B
Net Income(TTM)590.37M
Analysts78.67
Price Target27.93 (22.5%)
Short Float %4.71%
Short Ratio6.14
Dividend
Industry RankSector Rank
Dividend Yield 6.94%
Yearly Dividend0.63
Dividend Growth(5Y)3.8%
DP36.45%
Div Incr Years0
Div Non Decr Years14
Ex-Date03-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.55%
Min EPS beat(2)1.5%
Max EPS beat(2)3.61%
EPS beat(4)4
Avg EPS beat(4)3.69%
Min EPS beat(4)1.5%
Max EPS beat(4)5.32%
EPS beat(8)6
Avg EPS beat(8)1.87%
EPS beat(12)9
Avg EPS beat(12)1.81%
EPS beat(16)13
Avg EPS beat(16)5.42%
Revenue beat(2)2
Avg Revenue beat(2)1.55%
Min Revenue beat(2)0.2%
Max Revenue beat(2)2.9%
Revenue beat(4)2
Avg Revenue beat(4)0.68%
Min Revenue beat(4)-0.29%
Max Revenue beat(4)2.9%
Revenue beat(8)3
Avg Revenue beat(8)0.25%
Revenue beat(12)5
Avg Revenue beat(12)1.06%
Revenue beat(16)8
Avg Revenue beat(16)1.82%
PT rev (1m)4.71%
PT rev (3m)6.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.11%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)0.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.07%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.07%
Valuation
Industry RankSector Rank
PE 10.41
Fwd PE 8.63
P/S 3.82
P/FCF 12.19
P/OCF 11.72
P/B 1.07
P/tB 1.65
EV/EBITDA N/A
EPS(TTM)2.19
EY9.61%
EPS(NY)2.64
Fwd EY11.59%
FCF(TTM)1.87
FCFY8.21%
OCF(TTM)1.95
OCFY8.53%
SpS5.96
BVpS21.32
TBVpS13.81
PEG (NY)0.5
PEG (5Y)1.04
Graham Number32.42
Profitability
Industry RankSector Rank
ROA 0.83%
ROE 7.1%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.41%
GM N/A
FCFM 31.38%
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 3Y2.58%
PM growth 5Y-0.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 1.51
Debt/EBITDA N/A
Cap/Depr 28.47%
Cap/Sales 1.25%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 123.5%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score3
WACC11.25%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.74%
EPS 3Y4.3%
EPS 5Y10%
EPS Q2Q%26.53%
EPS Next Y20.65%
EPS Next 2Y15.3%
EPS Next 3Y14.14%
EPS Next 5YN/A
Revenue 1Y (TTM)33.89%
Revenue growth 3Y13.47%
Revenue growth 5Y24.75%
Sales Q2Q%40.95%
Revenue Next Year14.7%
Revenue Next 2Y9.74%
Revenue Next 3Y7.91%
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 1Y71.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y65.02%
OCF growth 3YN/A
OCF growth 5YN/A

OLD NATIONAL BANCORP / ONB 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 20.65% in the next year.


Can you provide the dividend sustainability for ONB stock?

The dividend rating of OLD NATIONAL BANCORP (ONB) is 9 / 10 and the dividend payout ratio is 36.45%.