Stocks · Financial Services · Banks - Regional
Old National Bancorp ONB
$24.96 -0.08% Close, Oct 2, 2026 · NASDAQ · Market cap $9.55B
Strong growth
Next earnings report: Oct 21, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The diluted share count rose 13.4% in a year.
- Earnings beat analyst estimates in each of the last 7 quarters (average surprise over the last four: +3.7%).
- Net debt is 5.1× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 17%
- EPS growth (TTM, YoY)Top 32%
- FCF growth (TTM, YoY)Top 19%
- Revenue growth, 3-year CAGRTop 19%
- Revenue growth accelerationBottom 20%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 29%
- Gross marginTop 47%
- Operating marginTop 31%
- Cash conversion (OCF / net income)Bottom 46%
- Accruals (lower is better)Bottom 41%
- Net debt / EBITDA (lower is better)Bottom 25%
- Interest coverBottom 46%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 24%
- Free-cash-flow yieldTop 35%
- EBITDA / enterprise valueTop 40%
- Sales / enterprise valueBottom 35%
- P/E vs own 5-year history (lower is better)Top 31%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 39%
- 6-month returnTop 34%
- 1-year return vs S&P 500Top 38%
- Distance from 52-week highTop 43%
- Trend checklist (0–4)Top 48%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 44%
- Consecutive EPS beatsTop 16%
- Share of analysts rating BuyTop 44%
- Upside to consensus price targetTop 38%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 35%
- Maximum drawdown, 3 yearsTop 42%
- Beta vs S&P 500 (lower is better)Bottom 12%
- Net debt / EBITDA (lower is better)Bottom 25%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 32.5% | 25.5% | ↓ |
| EPS growth (YoY) | 13.4% | 33.5% | ↑ |
| Gross margin | 59.5% | 66.8% | ↑ |
| Operating margin | 22.0% | 28.7% | ↑ |
| FCF margin | 15.9% | 24.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 25.5% | 32.5% | ↓ | Top 17% |
| EPS growth (TTM, YoY) | 33.5% | 13.4% | ↑ | Top 32% |
| Gross margin | 66.8% | 59.5% | ↑ | Top 47% |
| Operating margin | 28.7% | 22.0% | ↑ | Top 31% |
| Net margin | 22.0% | 17.7% | ↑ | — |
| Free-cash-flow margin | 24.3% | 15.9% | ↑ | — |
| Return on invested capital | 5.1% | — | Top 29% | |
| Revenue growth, 3-year CAGR | 26.0% | — | Top 19% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.11×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.9%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.14×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.48%
- Net buyback yield (TTM)
- 6.72%
- Shareholder yield
- 9.20%
- Share count change, 1 year
- +13.4%
- Share count change, 3-year CAGR
- +9.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 7
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +3.7%
- Average 2-day reaction, last 8
- +1.6%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $29.88
- Target vs current price
- +19.7%
- Analysts with a rating
- 23
- Share rating Buy or Strong Buy
- 52%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +3.8% | +0.8% | +2.8% | +1.9% | — |
| Apr 22, 2026 | +0.8% | +1.1% | +0.9% | -2.6% | +12.5% |
| Jan 21, 2026 | +5.1% | +4.9% | +4.3% | +8.8% | +1.7% |
| Oct 22, 2025 | +5.0% | +0.6% | -1.5% | -3.5% | +12.5% |
| Jul 22, 2025 | +3.9% | -1.5% | -4.7% | -4.9% | -4.2% |
| Apr 22, 2025 | +7.1% | +3.8% | +8.1% | +14.2% | +19.4% |
| Jan 21, 2025 | +6.5% | +3.2% | +2.3% | +5.6% | -15.0% |
| Oct 22, 2024 | +0.0% | +0.0% | +2.3% | +12.5% | +21.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $0.65 | $0.63 | +3.8% | $726.9M |
| Apr 22, 2026 | $0.61 | $0.61 | +0.8% | $702.7M |
| Jan 21, 2026 | $0.62 | $0.59 | +5.1% | $714.4M |
| Oct 22, 2025 | $0.59 | $0.56 | +5.0% | $678.3M |
| Jul 22, 2025 | $0.53 | $0.51 | +3.9% | $647.3M |
| Apr 22, 2025 | $0.45 | $0.42 | +7.1% | $724.2M |
| Jan 21, 2025 | $0.49 | $0.46 | +6.5% | $489.9M |
| Oct 22, 2024 | $0.46 | $0.46 | +0.0% | $485.9M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 11.0× | 11.8× | 33th | Top 24% |
| P/E (forward) | 9.6× | — | — | — |
| EV / EBITDA | 12.5× | — | — | Top 40% |
| EV / Sales | 4.02× | — | — | Bottom 35% |
| Free-cash-flow yield | 10.26% | — | — | Top 35% |
| Earnings yield | 9.09% | — | — | Top 24% |
P/E over the past five years
Range 6.3× – 18.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +14.5%
- Earnings per share growth (TTM)
- +33.5%
- Change in P/E multiple
- -5.9%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 126
- 50-day average slope (20 days)
- -1.4%
- 200-day average slope (20 days)
- +1.5%
- Distance from 50-day average
- -3.8%
- Distance from 200-day average
- +2.2%
- RSI (14)
- 42.7
- Relative volume
- 1.40×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.9%
- Volatility vs own 5-year history
- 0th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.19
- Correlation with S&P 500
- 0.61
- Current drawdown from 1-year high
- -8.5%
- Maximum drawdown, 3 years
- -26.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 12, 2021 | May 11, 2023 | -42.2% | 545 days | 375 days (Nov 6, 2024) |
| Feb 6, 2025 | Apr 8, 2025 | -26.6% | 42 days | 205 days (Feb 2, 2026) |
| Feb 6, 2026 | Mar 18, 2026 | -18.2% | 27 days | 68 days (Jun 25, 2026) |
| Dec 4, 2024 | Jan 10, 2025 | -11.2% | 24 days | 6 days (Jan 21, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $9.55B
- P/E (TTM)
- 11.0
- EPS, diluted (TTM)
- $2.27
- Revenue (TTM)
- $4.03B
- Dividend yield
- 2.30%
- 52-week range
- $19.39 – $27.36
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $852.9M | $1.85B | $2.54B | $2.96B | $3.71B |
| Gross profit | $840.2M | $1.58B | $1.78B | $1.77B | $2.36B |
| Operating income | $338.9M | $544.7M | $751.3M | $680.4M | $874.1M |
| Net income | $277.5M | $428.3M | $582.0M | $539.2M | $669.3M |
| EPS (diluted) | $1.67 | $1.50 | $1.94 | $1.68 | $1.79 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $774.1M | $757.8M | $724.2M | $957.5M | $1.02B | $1.01B | $999.7M | $1.00B |
| Net income | $143.8M | $153.9M | $144.7M | $125.4M | $182.6M | $216.6M | $233.7M | $253.4M |
| EPS (diluted) | $0.44 | $0.47 | $0.44 | $0.35 | $0.46 | $0.55 | $0.59 | $0.67 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $330.4M | $814.4M | $516.3M | $622.3M | $681.5M |
| Capital expenditure | -$48.7M | -$37.9M | -$38.4M | -$30.3M | -$44.1M |
| Free cash flow | $281.7M | $776.5M | $478.0M | $592.0M | $637.4M |
| Dividends paid | -$92.8M | -$177.6M | -$180.0M | -$191.2M | -$225.1M |
| Net share buybacks | -$3.1M | -$70.4M | -$43.2M | -$7.8M | $372.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $16.33B
- Total assets
- $74.19B
- Total liabilities
- $65.61B
- Total debt
- $8.42B
- Net debt
- $6.66B
- Shareholders’ equity
- $8.58B
As of Jun 30, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 4, 2026 | $0.15 | Sep 15, 2026 |
| Jun 5, 2026 | $0.15 | Jun 15, 2026 |
| Mar 5, 2026 | $0.15 | Mar 16, 2026 |
| Dec 5, 2025 | $0.14 | Dec 15, 2025 |
| Sep 5, 2025 | $0.14 | Sep 15, 2025 |
| Jun 5, 2025 | $0.14 | Jun 16, 2025 |
| Mar 5, 2025 | $0.14 | Mar 17, 2025 |
| Dec 5, 2024 | $0.14 | Dec 16, 2024 |
Short interest
- Shares sold short
- 21,072,341
- Days to cover
- 6.18
- Change vs previous report
- +20.5%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jan 3, 2005
- 21-for-20
- Jan 2, 2004
- 21-for-20
- Jan 2, 2003
- 21-for-20
- Jan 2, 2002
- 21-for-20
- Jan 5, 2001
- 21-for-20