Stock Analysis
Old National BancorpONB
P/E 10.80×· 5Y range 5.88–22.79×· 37th percentile of history
Sector: Financial Services · Industry: National Commercial Banks
AnalystsBuy15 analystsP/E 10.8× sits at the 37th percentile of its 5.0513347022587265-year history.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Growth76
- Quality72
Risks
- Financial Health6
Mixed picture — no clear quality or value edge.
Bull Case
- ✓Revenue CAGR 44.7% — durable top-line growth
What's happening with ONB
Profile
Strong growth and valuation; financial health and moat lag behind.
How is each axis scored?
- Valuation75/100 · Strong
- P/E vs own history (37th pct)20/25
- FCF yield (9.8%)25/25
- P/S (2.3x)20/25
- EV/EBIT (n/a)10/25
- Growth76/100 · Strong
- Revenue CAGR (44.7%)25/25
- Net income CAGR (24.6%)25/25
- EPS CAGR 5Y (2.3%)6/25
- Fwd implied growth (21.3%)20/25
- Profitability69/100 · Moderate
- ROIC (10.0%)12/25
- ROE (10.4%)12/25
- Net margin (21.6%)25/25
- Operating margin (20.5%)20/25
- Financial Health6/100 · Weak
- Altman Z (0.22)3/25
- Current ratio (n/a)0/25
- Interest coverage (0.6x)3/25
- Net cash / debt (n/a)0/25
- Quality72/100 · Moderate
- Piotroski F (5/9)15/25
- Beneish M (-2.24)20/25
- FCF conversion (106%)25/25
- Margin stability (σ 9.3%)12/25
- Moat43/100 · Weak
- ROIC >12% years (2/10 yrs)0/25
- Median gross margin (n/a)0/25
- FCF-positive years (9/10 yrs)18/25
- Worst-year net margin (worst 14.1%)25/25
Risk Flags
- ⚠Altman Z 0.2 — distress-zone balance sheet
- ⚠Interest coverage 0.6× — thin debt cushion
About Old National Bancorp
Old National Bancorp is a provider of lending and deposit services. Show more
The bank offers comprehensive wealth management, trust, investment advisory, brokerage, and foreign currency services. For businesses, it provides treasury management, merchant, and capital markets services as well as community development lending and equity investment solutions intended to produce jobs and revitalize its communities. It earns interest income on loans as well as fee income from the origination of loans and from providing other services to its clients.
Headquarters: EVANSVILLE, IN · Employees: 4,914 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
75B+P/E (TTM)10.8xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 5.9x–22.8x · 37th pct
P/FCF10.0xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield9.8%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 5.6%–18.9% · 42nd pct
P/S (TTM)2.33xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.6x–4.1x · 50th pct
EV/EBITDA—
Enterprise value / EBITDA (Finnhub) — capital-structure neutral — vs own 5Y history: 13.2x–20.9x · 4th pct
EV/Sales—
Enterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E8.9xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.13xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.33A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield2.53%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio26.8%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
69BROIC10.0%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE10.4%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA1.2%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin21.6%A
Grade A: HighNet Income / Revenue
Operating Margin20.5%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin—
Gross Profit / Revenue
FCF Margin22.9%A
Grade A: HighFCF / Revenue
True FCF Margin22.1%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
76B+Revenue CAGR44.7%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR24.6%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)2.3%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth21.3%C
Grade C: MedAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+130.7%D
Grade D: DilutiveShare count change over 5Y
SBC / Net Income3.9%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.8%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
6EAltman Z-Score0.22D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio—
Current Assets/Liabilities
Quick Ratio—
(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage0.6xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity0.22xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
72B+Piotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.24A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion106.1%A
Grade A: StrongFCF / Net Income
Margin Stability9.3%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue1.1%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover—
Revenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Salmon Tom Filed | Salmon Tom | Grant / award | +366 | |
Evernham Scott J Filed | Evernham Scott J | BuyJ | +38 | |
Schoettlin Kathy A Filed | Schoettlin Kathy A | BuyJ | +26 | |
Ryan James C III Filed | Ryan James C III | BuyJ | +26 | |
Moran John V Filed | Moran John V | Tax withholding | -2036 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
BURKE TIMOTHY M JR Filed | BURKE TIMOTHY M JR | Tax withholding | -2335 | |
ALAHMAR CHADY M. Filed | ALAHMAR CHADY M. | SellOpen market sale | -11771 | |
Chulos Nicholas J Filed | Chulos Nicholas J | SellOpen market sale | -20000 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
43D+ROIC >12% Years2/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years9/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor14.1%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.32
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$1.30
Cash & short-term investments per share (Finnhub)
Book Value / Share$22.44
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$1.83B
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$8.49B
Shareholders' equity (book value)
Asset / Liability1.13xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$9.57B
Current Market Capitalization
Beta0.91B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Old National Bancorp (ONB)
Piotroski F-Score of 5/9 indicates mixed fundamentals for Old National Bancorp. Altman Z-Score of 0.22 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.24 suggests a low likelihood of earnings manipulation. Revenue has compounded at roughly 45% annually, with net income growing about 25% per year — a strong growth profile.
- Old National Bancorp converts about 23% of revenue into free cash flow — strong cash generation.
- Interest coverage of 0.6× leaves little room for earnings shocks.
- At a valuation score of 75/100, ONB trades near the cheapest end of its own historical range (P/E 10.8).
- The stock currently yields 2.5% in dividends.
See how ONB ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all ONB moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 15 | Regular | 25.02 | +2.06% | 2.18 |
| Oct 15 | After-hours | 25.00 | +2.00% | 2.12 |
Frequently Asked Questions about ONB
What is the current Old National Bancorp (ONB) stock price?
ONB is trading at $25.01 at the last market close, up 0.04% on the session. PreMarketPrice tracks ONB pre-market, intraday and after-hours prices.
Is ONB stock a buy right now?
PreMarketPrice's quantitative model rates Old National Bancorp's financial health at 6/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is ONB stock overvalued?
Old National Bancorp trades at a trailing P/E of 10.8 and our valuation score rates it 75/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Old National Bancorp report earnings?
No confirmed earnings date is currently scheduled for ONB. The Earnings section lists recent reports and updates as dates are announced.
What sector does Old National Bancorp operate in?
Old National Bancorp operates in the Financial Services sector, within the National Commercial Banks industry. The Related Stocks section lists sector peers for comparison.
What does Old National Bancorp do?
Old National Bancorp is a provider of lending and deposit services.
About Old National Bancorp (ONB) Stock
Old National Bancorp (ONB) is a US-listed stock operating in the Financial Services sector, specifically the National Commercial Banks industry. As of the latest update, Old National Bancorp is trading at $25.01, up 0.04% on the day with a market capitalization of $9.6 billion. The financial health score for ONB is 6/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for ONB stock.
ONB Stock Analysis & Key Metrics
On PreMarketPrice, you can track Old National Bancorp (ONB) across multiple dimensions:
- Pre-market price & movement: Real-time ONB stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for ONB with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Old National Bancorp across multiple reporting periods.
- Financial health score: A composite score of 6/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for ONB.
- Sector peers: Compare ONB against 6 other financial services stocks on key financial metrics.
Is ONB a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Old National Bancorp (ONB) as an investment. The financial health score of 6/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Old National Bancorp (ONB) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.