ONBNasdaqNational Commercial BanksFiscal year ends December 31Also trades as ONBPO, ONBPP
OLD NATIONAL BANCORP /IN/
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$24.78−0.23 (-0.92%)
Close on Oct 19, 2026
- Market cap
- $9.62B
- P/E (TTM)
- 12.8
- Dividend yield
- 2.26%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
26.5%−164.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +33.9% | +13.5% | +84.4% | +15.5% | |
| Net income | +24.1% | +16.0% | +24.2% | +19.1% | |
| EPS, diluted | +6.5% | +6.1% | +5.6% | +6.0% | |
| Free cash flow | +7.7% | -6.4% | +27.5% | +32.5% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | +1.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.1% | 7.8% | 9.0% | |
| Return on assets | 1.0% | 1.0% | 1.1% | |
| Debt to equity | 0.75 | – | – | |
| Capex to revenue | 163.6% | 26.1% | 1.7% | |
| Diluted shares | 128M | 166M | 365M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Old National Bancorp generated $2.96B from operations and spent $1.27B on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$2.96B
Used
$1.27B
Capital expenditure$199.30M16%Dividends$866.76M68%Share buybacks$199.90M16%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin26.5%
×Asset turnover0.04×
×Equity multiplier8.47×
=Return on equity, FY20259.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 26.5% | 0.04× | 8.47× | 9.0% |
| FY2024 | 28.6% | 0.04× | 8.62× | 9.1% |
| FY2023 | 31.7% | 0.04× | 8.97× | 10.9% |
| FY2022 | 24.8% | 0.05× | 8.75× | 10.5% |
| FY2021 | 220.9% | 0.01× | 7.92× | 9.3% |
| FY2020 | 191.2% | 0.01× | 7.45× | 7.8% |
| FY2019 | 182.1% | 0.01× | 7.24× | 8.6% |
| FY2018 | 149.8% | 0.01× | 7.69× | 7.9% |
| FY2017 | 78.2% | 0.01× | 8.16× | 4.8% |
| FY2016 | 97.8% | 0.01× | 8.12× | 8.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$669.26M
- Cash generatingOperating cash flow above zero$681.47M
- Return on assets improvedROA up on the prior year1.1% → 1.2%
- Earnings backed by cashOperating cash flow above net income$681.47M vs $669.26M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise311M → 365M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.05