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Old National Bancorp

Old National Bancorp

NASDAQ•ONB
CEO: Mr. James C. Ryan III
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1984-06-20
Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. The company also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, and capital markets services, as well as community development lending and equity investment solutions. The company was founded in 1834 and is headquartered in Evansville, Indiana.
Contact Information
One Main Street, Evansville, IN, 47708, United States
800-731-2265
www.oldnational.com
Market Cap
$9.09B
P/E (TTM)
13.6
15.1
Dividend Yield
2.4%
52W High
$24.49
52W Low
$16.83
52W Range
84%
Rank40Top 42.0%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.02B+31.89%
4-Quarter Trend

EPS

$0.46+4.54%
4-Quarter Trend

FCF

$355.80M+207.65%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Assets Grow Post-Bremer Merger Total assets reached $71.21B, up $17.66B from year-end 2024, driven by the May 1, 2025 acquisition of Bremer Financial Corporation.
Net Interest Income Rises Nine-month NII increased 30.0% to $1.477T; NIM expanded 19 basis points to 3.50% due to asset repricing and full quarter Bremer impact.
Provisioning Doubles Year-Over-Year Provision for credit losses rose 97.3% to $165.0M, reflecting $75.6M provision for non-PCD acquired Bremer loans and higher net charge-offs.
Capital Ratios Remain Strong Tier 1 Common Equity ratio held steady at 11.02% at September 30, 2025, exceeding regulatory minimums post-acquisition.

Risk Factors

Credit Quality Deterioration Noted Nonaccrual loans increased $142.8M, largely from Bremer acquisition; net charge-offs rose to 0.24% YTD, impacting allowance levels.
Merger Integration Costs Q3 results included $69.3M in pre-tax merger expenses, masking underlying operational performance trends and requiring non-GAAP adjustments.
Interest Rate Risk Exposure Sensitivity modeling shows potential NII decline under severe rate decrease scenarios, despite current NIM expansion driven by rate environment.

Outlook

NIM Management Focus Management actively manages balance sheet restructuring and derivatives to mitigate interest rate risk exposure in current environment.
Provision Volatility Expected Provision expense remains volatile, dependent on CECL model assumptions, loan growth, and future charge-off trends.
Funding Strategy Stability Wholesale funding remains 11% of total funding; management maintains strategic liquidity plans for balance sheet growth needs.

Peer Comparison

Revenue (TTM)

Citizens Financial Group, Inc.CFG
$12.02B
-3.9%
Western Alliance BancorporationWAL
$5.21B
+6.2%
Zions Bancorporation, National AssociationZION
$4.95B
+0.6%

Gross Margin (Latest Quarter)

First Horizon CorporationFHN
100.0%
+39.3pp
Pinnacle Financial Partners, Inc.PNFP
94.1%
+43.3pp
Commerce Bancshares, Inc.CBSH
78.9%
+1.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CFG$26.12B15.46.8%4.8%
FHN$11.88B12.111.1%5.5%
WTFC$9.77B12.411.6%6.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
10.4%
Steady Growth
4Q Net Income CAGR
5.9%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 20, 2026
|
EPS:$0.59
|
Revenue:$705.50M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 29, 2025|
    Revenue: $1.02B+31.9%
    |
    EPS: $0.46+4.5%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 30, 2025|
    Revenue: $957.48M+27.5%
    |
    EPS: $0.35-5.4%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $724.19M+7.5%
    |
    EPS: $0.45+12.5%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 19, 2025|
    Revenue: $2.96B+16.4%
    |
    EPS: $1.69-13.3%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $774.06M+17.7%
    |
    EPS: $0.44-10.2%
    Miss

  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Aug 15, 2024|
    Revenue: $2.54B+37.0%
    |
    EPS: $1.95+29.1%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $750.93M+19.9%
    |
    EPS: $0.37-28.8%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $673.50M+18.9%
    |
    EPS: $0.40-18.4%
    Miss