Old National Bancorp
Research Old National Bancorp (ONB) on Bullrun: valuation model: 2.3% undervalued, market cap USD 9.82B, P/E 11.4, dividend yield 2.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerONB
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal2.3% undervalued
- Market capUSD 9.82B
- P/E11.4
- Dividend yield2.2%
- Financial periodQ2 2026
- RevenueUSD 732.55M
- Net incomeUSD 253.41M
- Free cash flowUSD 275.86M
Valuation Snapshot
Bullrun's latest valuation model marks Old National Bancorp as 2.3% undervalued; latest market cap is USD 9.82B; P/E is 11.4; dividend yield is 2.2%.
Peer valuation comparison
Latest P/E is 11.43x versus a Financial Services sector median of 13.84x (17.4% below).
Latest dividend yield is 2.21% versus a Financial Services sector median of 3.86% (42.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 2.52B | USD 669.26M | USD 637.41M | n/a | 1.79 | USD 1.83B | USD 7.09B | USD 8.49B |
| FY2024 | USD 1.89B | USD 539.19M | USD 592.02M | n/a | 1.68 | USD 1.23B | USD 5.14B | USD 6.34B |
| FY2023 | n/a | USD 581.99M | USD 477.97M | n/a | 1.94 | USD 1.18B | USD 5.05B | USD 5.56B |
| FY2022 | n/a | USD 428.29M | USD 776.52M | n/a | 1.5 | USD 728.41M | USD 4.12B | USD 5.13B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 9.82B | 11.4 | 2.2% | 0.57 |
| 2025 | 2025-12-31 | USD 8.69B | 12.5 | 2.5% | 0.56 |
| 2024 | 2024-12-31 | USD 6.93B | 12.9 | 2.6% | 0.56 |
| 2023 | 2023-12-29 | USD 4.94B | 7.8 | 3.3% | 0.56 |
| 2022 | 2022-12-30 | USD 5.27B | 17.1 | 3.1% | 0.56 |
| 2021 | 2021-12-31 | USD 3.00B | 10.9 | 3.1% | 0.56 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.57 USD, yield 2.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.56 USD |
| FY2024 | 0.56 USD |
| FY2023 | 0.56 USD |
| FY2022 | 0.56 USD |
About Old National Bancorp
Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits.
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Frequently asked questions
Is Old National Bancorp overvalued or undervalued?
Bullrun's valuation model currently marks Old National Bancorp as 2.3% undervalued.
What is Old National Bancorp's market cap?
Old National Bancorp's market capitalization is USD 9.82B.
What is Old National Bancorp's P/E ratio?
Old National Bancorp's price-to-earnings (P/E) ratio is 11.4.
Does Old National Bancorp pay a dividend?
Old National Bancorp has a dividend yield of 2.2%.
What does Old National Bancorp do?
Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits.