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Evansville, Indiana Midwest regional bank offering consumer, commercial and wealth banking, grown via acquisitions.
Evansville, Indiana Midwest regional bank offering consumer, commercial and wealth banking, grown via acquisitions.
Earns mostly the spread between loan and deposit interest, with fees from wealth management, capital markets and mortgage banking. Its 2022 merger with Chicago's First Midwest Bancorp added a large Chicago presence, and the 2024 purchase of CapStar added Nashville.
Moat: narrow (scale, distribution). Long-standing Midwest deposit franchise expanded through in-market acquisitions.
Headquarters: Evansville, Indiana, USA · Founded: 1834 · Employees: 4,971
Size Old National Bancorp (ONB) is a United States Financials company (Major Banks) with a market value of $9.43B, the 805th largest of 3,117 United States companies the cockpit tracks. Shares closed at $24.93 on 6 Nov 2026.
Performance Over six months the shares gained 2.6%, against +3.4% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 17.6% over the last twelve months (peer median +3.8%); the operating margin is 44.5% (peer median 40.7%).
Valuation It trades at 1.17× book value against a peer median of 1.17× (11th cheapest of 21).
Price implies The share price implies a return on equity of about 10.3%; Old National Bancorp delivers 11.5%, so the price asks less than the business earns today.
Credit Old National Bancorp has 1 bond outstanding ($450M).
Short interest Short interest is 6.4% of the free float (15 Oct 2026).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.10B | $3.74B | $2.96B | $2.54B | $1.76B |
| Revenue growth | — | +26% | +16% | +44% | — |
| Net income | $958M | $669M | $539M | $582M | $428M |
| Free cash flow | $980M | $637M | $579M | $479M | $726M |
| Capital expenditure | $45.0M | $44.1M | $30.3M | $38.4M | $37.9M |
| Total debt | $7.34B | $7.68B | $5.61B | $5.54B | $5.80B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Old National Bancorp ONB | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% |
| Fifth Third Bancorp FITB | $47.9B | +8% | +15% | 9% | 1.55× | 13.6% |
| Huntington Bancshares HBAN | $31.2B | -3% | +24% | 9% | 1.06× | 10.2% |
| F.N.B FNB | $6.28B | 0% | +2% | 9% | 0.92× | 8.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ONB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.8% | +2.5% | 8th lowest of 21 |
| 6-month return | +2.6% | +3.4% | 11th highest of 21 |
| Return on equity | 11.5% | 10.5% | 9th highest of 21 |
| Price / book | 1.17× | 1.17× | 11th cheapest of 21 |
| Trailing P/E | 10.2× | 11.4× | 8th cheapest of 21 |
| ROE the price implies | 10.3% | 10.6% | 10th least demanding of 21 |
| ROE delivered | 11.5% | 10.5% | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Old National Bancorp ONB | United States | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% | 11.5% |
| Unicaja Banco UNI.MC | Spain | $9.53B | +20% | -3% | 10% | 1.34× | 12.2% | 10.1% |
| AL Sydbank A/S ALSYDB.CO | Denmark | $9.20B | +37% | +27% | 10% | 1.78× | 6.3% | 9.6% |
| Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONP | United States | $9.72B | -16% | +4% | 16% | 0.31× | 4.0% | 16.5% |
| IDBI Bank IDBI.NS | India | $9.04B | +5% | +3% | 12% | 1.18× | 26.1% | 11.8% |
| Jyske Bank A/S JYSK.CO | Denmark | $9.02B | +25% | +3% | 10% | 1.32× | 5.3% | 10.3% |
| SouthState Bank SSB | United States | $10.1B | +8% | +18% | 10% | 1.11× | 9.3% | 10.3% |
| Federal Bank Ltd. (India) FEDERALBNK.NS | India | $8.81B | +14% | +11% | 13% | 1.97× | 27.7% | 13.1% |
| UMB Financial UMBF | United States | $10.2B | +2% | +17% | 14% | 1.34× | 11.2% | 13.5% |
| Shinkin Central Bank Pfd Subs Cert 8421.T | Japan | $10.3B | -1% | +47% | 3% | 1.02× | 4.4% | 3.0% |
| Huishang Bank 3698.HK | Hong Kong | $8.31B | -8% | +1% | 11% | 0.36× | 3.8% | 10.7% |
| China Zheshang Bank 601916.SS | China | $11.2B | -2% | -4% | 7% | 0.44× | 2.0% | 7.2% |
| BOK Financial BOKF | United States | $7.87B | -2% | +3% | 11% | 1.33× | 10.6% | 11.2% |
| Fukuoka Financial 8354.T | Japan | $7.75B | 0% | +22% | 9% | 1.08× | 7.0% | 8.7% |
| Valley National Bancorp VLY | United States | $7.75B | +5% | +3% | 9% | 1.03× | 10.6% | 9.4% |
| Mebuki Financial 7167.T | Japan | $7.57B | +6% | +25% | 9% | 1.16× | 6.2% | 9.2% |
| Canara Bank CANBK.NS | India | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% | 16.8% |
| IndusInd Bank INDUSINDBK.NS | India | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% | 4.5% |
| Credito Emiliano CE.MI | Italy | $7.48B | +26% | -2% | 12% | 1.41× | 13.1% | 12.3% |
| Lion Finance BGEO.L | United Kingdom | $7.39B | +20% | +19% | 27% | 1.89× | 21.1% | 27.3% |
| Bank of Maharashtra MAHABANK.NS | India | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% | 23.3% |
Old National Bancorp has 1 bond outstanding with $450M face value.