ONB

Old National Bancorp

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Advanced Chart

20.470

-0.25(-1.207%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

20.890

Open

20.800

VWAP

20.51

Vol

1.77M

Mkt Cap

8.02B

Low

20.390

Amount

36.38M

EV/EBITDA(TTM)

19.03

Total Shares

318.97M

15.05B

EV/OCF(TTM)

7.47

P/S(TTM)

3.59

Old National Bancorp is the holding company of Old National Bank. Old National Bank is a commercial bank that serves clients primarily in the Midwest and Southeast. Old National Bank operates banking centers located primarily throughout the Midwestern and Southeastern United States, including Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, North Carolina, Tennessee, and Wisconsin. In addition to providing services in consumer and commercial banking, Old National Bank offers comprehensive wealth management and capital markets services. Each of the banking centers of Old National Bank provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and private banking, capital markets, brokerage, wealth management, trust, and investment advisory services. Old National Bank’s lending activities include loans to individuals, and loans to commercial clients.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

709.85M

+45.82%

0.619

+37.6%

708.69M

+42.96%

0.601

+22.73%

696.16M

+41.49%

0.560

+21.81%

Estimates Revision

The market is revising Upward the revenue expectations for Old National Bancorp (ONB) for FY2025, with the revenue forecasts being adjusted by 0.55% over the past three months. During the same period, the stock price has changed by -3.63%.

Revenue Estimates for FY2025

Revise Upward

+0.55%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-0.37%

In Past 3 Month

Stock Price

Go Down

-3.63%

In Past 3 Month

8 Analyst Rating

28.87% Upside

Wall Street analysts forecast ONB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONB is 26.38 USD with a low forecast of 23.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

6 Buy

2 Hold

0 Sell

Strong Buy

28.87% Upside

Current: 20.470

Low

23.00

Averages

26.38

High

28.00

28.87% Upside

Current: 20.470

Low

23.00

Averages

26.38

High

28.00

Piper Sandler

R. Scott Siefers

Overweight

upgrade

$26 -> $27

2025-07-23

Reason

Piper Sandler

R. Scott Siefers

Price Target

$26 -> $27

2025-07-23

upgrade

Overweight

Reason

Piper Sandler analyst R. Scott Siefers raised the firm's price target on Old National Bancorp to $27 from $26 and keeps an Overweight rating on the shares. The firm is bumping up its core EPS estimates following Old National's Q2 results and updated outlook.

RBC Capital

Sector Perform

maintain

$23 -> $24

2025-07-23

Reason

RBC Capital

Price Target

$23 -> $24

2025-07-23

maintain

Sector Perform

Reason

RBC Capital raised the firm's price target on Old National Bancorp to $24 from $23 and keeps a Sector Perform rating on the shares. The core results are consistent with steady organic loan growth, margin tailwinds, decent fees, and well managed expenses, the analyst tells investors in a research note.

Truist

Buy

maintain

$26 -> $27

2025-07-11

Reason

Truist

Price Target

$26 -> $27

2025-07-11

maintain

Buy

Reason

Truist raised the firm's price target on Old National Bancorp to $27 from $26 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results for Regional Banks. Loan growth commentary has skewed positive, smaller M&A deals have sprouted, and the "deregulation train has clearly left the station", the analyst tells investors in a research note, further citing a more positive economic outlook in updating the firm's models on the industry.

Barclays

Overweight

maintain

$25 -> $28

2025-07-08

Reason

Barclays

Price Target

$25 -> $28

2025-07-08

maintain

Overweight

Reason

Barclays raised the firm's price target on Old National Bancorp to $28 from $25 and keeps an Overweight rating on the shares as part of a Q2 earnings preview for the mid-cap banks. The firm believes valuations in the group still largely underappreciate an improving operating and regulatory backdrop.

Jefferies

David Chiaverini

Hold

initiated

$24

2025-05-20

Reason

Jefferies

David Chiaverini

Price Target

$24

2025-05-20

initiated

Hold

Reason

Jefferies analyst David Chiaverini initiated coverage of Old National Bancorp with a Hold rating and $24 price target. The firm initiating coverage of 32 regional and mid-cap banks with a "constructive outlook." Despite tariff uncertainty, several factors could positively impact banks, including a rebound in loan growth as the U.S. avoids a recession, net interest margin expansion with a steeper yield curve, "resilient" credit metrics, excess capital "to play offense or defense," and attractive valuations, the analyst tells investors in a research note. Jefferies' top regional bank top picks are Huntington Bancshares (HBAN), M&T Bank (MTB) and Fifth Third (FITB). The firm's mid-cap top picks are Flagstar Financial (FLG), Axos Financial (AX) and Western Alliance (WAL).

Truist

initiated

$26

2025-05-12

Reason

Truist

Price Target

$26

2025-05-12

initiated

Reason

Truist initiated coverage of Old National Bancorp with a Buy rating and $26 price target. The firm cites the bank's strong Midwest roots, "top-tier" efficiency ratio profile, and good track records on meeting/beating targets of previous large deals.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Old National Bancorp (ONB.O) is 8.60, compared to its 5-year average forward P/E of 9.88. For a more detailed relative valuation and DCF analysis to assess Old National Bancorp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

9.88

Current PE

8.60

Overvalued PE

12.02

Undervalued PE

7.75

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.80

Current PS

2.87

Overvalued PS

3.25

Undervalued PS

2.35