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Old National Bancorp
Old National Bancorp (ONB) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Evansville, United States and has 4,914 employees. The company is worth $9.63B and trades at 10.2x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $2.52B in fiscal 2025, up 33.9% from the year before. Net income was $669.26M. The share price is 8.0% below its 52-week high of $27.36. It pays a dividend yielding 2.31%. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $29.37M. In that quarter, 1 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +41.6% over 5Y.
today you would have $1,703.74▲ +70.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $22.31 | $21.71 | $16.89 | $17.98 | $18.12 | $16.56 | $18.29 | $15.40 | $17.45 | $18.15 | $13.56 | $14.88 | $15.37 | $11.87 | $11.65 | $11.89 | $12.43 | $18.16 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 5.6% a year plus a 2.3% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 13.4 across this company’s own years on record.
Cash flow growing 5.6% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 0.3% a year against a 8.3% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ORIOld Republic International Corp | $40.08 | 8.8x | 1.6x | 9.32% | 18.57% | $9.68B |
| ZIONZions Bancorporation National Association | $66.39 | 8.1x | 1.3x | 2.89% | 16.66% | $9.69B |
| CFRCullen/frost Bankers Inc | $157.68 | 14.7x | 2.2x | 2.61% | 15.50% | $9.8B |
| EVREvercore Inc. |
| P/E | 13.4x | 12.5x | 12.9x | 8.7x | 12.0x | 10.9x | 12.2x | 13.3x | 12.6x | 25.3x | 17.3x | 13.6x | 15.7x | 15.4x | 12.5x | 15.3x | 27.0x | 88.8x | 19.1x |
| P/S | 3.2x | 3.4x | 3.7x | 2.7x | 3.0x | 3.7x | 3.3x | 3.8x | 3.7x | 4.3x | 3.7x | 2.6x | 3.4x | 3.1x | 2.4x | 2.4x | 2.9x | 2.7x | 2.9x |
| P/B | 1.1x | 1.0x | 1.1x | 0.9x | 1.0x | 1.0x | 0.9x | 1.1x | 1.0x | 1.2x | 1.4x | 1.0x | 1.2x | 1.3x | 1.0x | 1.1x | 1.3x | 1.3x | 1.6x |
| EPS | $1.79 | $1.68 | $1.94 | $1.50 | $1.67 | $1.36 | $1.38 | $1.22 | $0.69 | $1.05 | $1.00 | $0.95 | $1.00 | $0.95 | $0.76 | $0.44 | $0.14 | $0.95 |
| Dividend yield | 3.01% | 2.51% | 2.58% | 3.32% | 3.11% | 3.09% | 3.38% | 2.84% | 3.38% | 2.98% | 2.87% | 3.54% | 2.96% | 2.60% | 3.03% | 2.40% | 2.35% | 3.54% | 5.07% |
| Payout | 40.59% | 31.28% | 33.33% | 28.87% | 37.33% | 33.53% | 41.18% | 37.68% | 42.62% | 75.36% | 49.52% | 48.00% | 46.32% | 40.00% | 37.89% | 36.84% | 63.64% | 314.29% | 96.84% |
| Profit margin | 20.29% | 26.51% | 28.60% | 31.69% | 24.79% | 34.24% | 27.10% | 29.64% | 26.04% | 15.43% | 20.48% | 19.56% | 19.50% | 20.10% | 18.39% | 15.90% | 9.83% | 3.48% | 15.23% |
| ROE | 7.75% | 7.88% | 8.50% | 10.46% | 8.35% | 9.21% | 7.62% | 8.35% | 7.10% | 4.44% | 7.40% | 7.83% | 7.07% | 8.68% | 7.67% | 7.01% | 4.35% | 1.63% | 8.55% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-28.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $255.39 |
| 14.4x |
| 5.3x |
| 1.39% |
| 39.50% |
| $9.82B |
| HLIHoulihan Lokey Inc | $133.24 | 22.4x | 4.1x | 2.10% | 17.79% | $9.31B |
| BNTBrookfield Wealth Solutions Ltd. | $36.54 | 43.5x | 0.7x | 0.77% | 1.04% | $10.03B |