ONB Stock - Old National Bancorp
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.96B | $2.54B | $1.85B | $852.87M | $902.58M |
| Gross Profit | $1.77B | $1.78B | $1.58B | $840.24M | $792.49M |
| Gross Margin | 60.0% | 70.0% | 85.4% | 98.5% | 87.8% |
| Operating Income | $680.44M | $751.30M | $544.73M | $338.86M | $255.56M |
| Net Income | $539.19M | $581.99M | $428.29M | $277.54M | $226.41M |
| Net Margin | 18.2% | 22.9% | 23.1% | 32.5% | 25.1% |
| EPS | $1.69 | $1.95 | $1.51 | $1.68 | $1.37 |
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, 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, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2021, it operated a total of 162 banking centers located primarily in the states of Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 15th 2025 | UBS | Initiation | Neutral | $25 |
| September 25th 2025 | TD Cowen | Initiation | Hold | $25 |
| May 21st 2025 | Jefferies | Initiation | Hold | $24 |
| May 13th 2025 | Truist | Initiation | Buy | $26 |
| November 26th 2024 | Raymond James | Upgrade | Strong Buy | $28 |
| June 3rd 2024 | Hovde Group | Resumed | Outperform | $20 |
| March 8th 2024 | Barclays | Initiation | Overweight | $20 |
| December 1st 2023 | Citigroup | Initiation | Buy | $17 |
| July 10th 2023 | UBS | Upgrade | Buy | $15.5← $14.5 |
| March 15th 2023 | UBS | Initiation | Neutral | $16 |
| May 13th 2022 | Stephens | Upgrade | Overweight | $19 |
Earnings History & Surprises
ONBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Jan 20, 2026 | $0.59 | — | — | — |
Q4 2025 | Oct 22, 2025 | $0.56 | $0.59 | +5.4% | ✓ BEAT |
Q3 2025 | Jul 22, 2025 | $0.51 | $0.53 | +3.9% | ✓ BEAT |
Q2 2025 | Apr 22, 2025 | $0.42 | $0.45 | +7.1% | ✓ BEAT |
Q1 2025 | Jan 21, 2025 | $0.46 | $0.49 | +6.5% | ✓ BEAT |
Q4 2024 | Oct 22, 2024 | $0.46 | $0.46 | 0.0% | = MET |
Q3 2024 | Jul 23, 2024 | $0.44 | $0.46 | +4.5% | ✓ BEAT |
Q2 2024 | Apr 23, 2024 | $0.43 | $0.45 | +4.7% | ✓ BEAT |
Q1 2024 | Jan 23, 2024 | $0.48 | $0.46 | -4.2% | ✗ MISS |
Q4 2023 | Oct 24, 2023 | $0.50 | $0.51 | +2.0% | ✓ BEAT |
Q3 2023 | Jul 25, 2023 | $0.50 | $0.54 | +8.0% | ✓ BEAT |
Q2 2023 | Apr 25, 2023 | $0.53 | $0.54 | +1.9% | ✓ BEAT |
Q1 2023 | Jan 24, 2023 | $0.57 | $0.56 | -1.8% | ✗ MISS |
Q4 2022 | Oct 25, 2022 | $0.50 | $0.51 | +2.0% | ✓ BEAT |
Q3 2022 | Jul 26, 2022 | $0.39 | $0.46 | +17.9% | ✓ BEAT |
Q2 2022 | Apr 26, 2022 | $0.34 | $0.40 | +17.6% | ✓ BEAT |
Q1 2022 | Jan 18, 2022 | $0.28 | $0.37 | +32.1% | ✓ BEAT |
Q4 2021 | Oct 19, 2021 | $0.37 | $0.43 | +16.2% | ✓ BEAT |
Q3 2021 | Jul 20, 2021 | $0.40 | $0.41 | +2.5% | ✓ BEAT |
Latest News
Old National Bancorp Announces James A. Sandgren, Commercial Banking CEO, Has Indicated His Intention To Retire From The Company In April 2026
➖ NeutralTD Cowen Maintains Hold on Old National, Raises Price Target to $26
➖ NeutralPiper Sandler Reiterates Overweight on Old National, Lowers Price Target to $26
➖ NeutralTruist Securities Maintains Buy on Old National, Lowers Price Target to $26
📈 PositiveOld National Q3 Adj. EPS $0.59 Beats $0.56 Estimate, Sales $705.070M Beat $696.711M Estimate
📈 PositiveTD Cowen Initiates Coverage On Old National with Hold Rating, Announces Price Target of $25
➖ NeutralFrequently Asked Questions about ONB
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