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Old Natl Bancorp Ind Financials

ONB
Trailing 12 months to March 31, 2026
Revenue $3.5B +33.4% YoY
Net Income $758.3M +34.5% YoY
EPS (Diluted) $1.95 +13.4% YoY
Free Cash Flow $728.3M +21.6% YoY
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Old Natl Bancorp Ind (ONB) reported $3.5B in revenue over the twelve months to Mar 31, 2026, up 33.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ONB FY2025

Liability-funded balance-sheet expansion is the dominant mechanic, while cash conversion remains closely aligned with earnings.

From FY2023 to FY2025, assets expanded from $49.1B to $72.2B, but that scale increase did not improve asset productivity. Return on assets declined from 1.2% to 0.9%, indicating that growth in the banking balance sheet produced proportionally less profit rather than a stronger earnings yield.

In FY2025, operating cash flow of $681M nearly matched net income of $669M, so reported earnings were not separated from cash generation by a large accrual gap. Free cash flow was $637M after $44M of capital expenditures, indicating modest reinvestment relative to internally generated cash.

Liabilities of $63.7B against equity of $8.5B make liability funding the central balance-sheet structure. The debt-to-equity ratio stayed near 7.4x to 7.5x across FY2024 and FY2025, so the larger platform did not materially alter its funding mix.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Earnings Growth Capital Efficiency CreditQuality Stability 53 / 100
Financial Health Score 53/100
Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Old Natl Bancorp Ind's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings
62
Growth
76
Capital
55
Efficiency
74
Credit Quality
0

Not available for Old Natl Bancorp Ind, and counted as zero in the overall score.

Stability
48
Piotroski F-Score Partial
3/6

Old Natl Bancorp Ind passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.02x

For every $1 of reported earnings, Old Natl Bancorp Ind generates $1.02 in operating cash flow ($681.5M OCF vs $669.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.3B
YoY+25.7%
5Y CAGR+94.2%
10Y CAGR+23.4%

Old Natl Bancorp Ind generated $3.3B in revenue in fiscal year 2025. This represents an increase of 25.7% from the prior year.

Net Income
$669.3M
YoY+24.1%
5Y CAGR+24.2%
10Y CAGR+19.1%

Old Natl Bancorp Ind reported $669.3M in net income in fiscal year 2025. This represents an increase of 24.1% from the prior year.

EPS (Diluted)
$1.79
YoY+6.5%

Old Natl Bancorp Ind earned $1.79 per diluted share (EPS) in fiscal year 2025. This represents an increase of 6.5% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
$637.4M
YoY+7.7%
5Y CAGR+27.5%
10Y CAGR+32.5%

Old Natl Bancorp Ind generated $637.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 7.7% from the prior year.

Cash & Debt
$1.8B
YoY+48.7%
5Y CAGR+25.4%
10Y CAGR+23.6%

Old Natl Bancorp Ind held $1.8B in cash as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share
$0.56
YoY0.0%

Old Natl Bancorp Ind paid $0.56 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding
390M
YoY+22.2%

Old Natl Bancorp Ind had 390M shares outstanding in fiscal year 2025. This represents an increase of 22.2% from the prior year.

Margins & Returns

Net Margin
20.5%
YoY-0.3pp
10Y CAGR-8.8pp

Old Natl Bancorp Ind's net profit margin was 20.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.

Return on Equity
7.9%
YoY-0.6pp
5Y CAGR+0.3pp
10Y CAGR+0.1pp

Old Natl Bancorp Ind's ROE was 7.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks
$71.8M
YoY+708.2%
5Y CAGR-2.7%
10Y CAGR-2.1%

Old Natl Bancorp Ind spent $71.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 708.2% from the prior year.

Capital Expenditures
$44.1M
YoY+45.6%
5Y CAGR+7.4%
10Y CAGR-6.4%

Old Natl Bancorp Ind invested $44.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 45.6% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

ONB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ONB quarterly income statement
MetricQ1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24Q2'24
Revenue$877.4M-2.2%$897.3M-2.2%$917.2M+11.2%$825.0M+30.9%$630.4M-4.8%$662.1M-2.6%$679.9M+2.5%$663.7M
SG&A Expenses$184.1M-1.7%$187.3M-11.4%$211.3M+4.6%$202.1M+36.3%$148.3M+1.2%$146.6M-0.6%$147.5M-7.3%$159.2M
Interest Expense$304.8M-3.7%$316.5M-7.6%$342.6M+10.4%$310.2M+27.8%$242.8M-9.4%$267.9M-7.0%$288.2M+4.7%$275.2M
Income Tax$61.6M+12.2%$54.9M+9.7%$50.0M+65.1%$30.3M-17.9%$36.9M+14.5%$32.2M-21.9%$41.3M+17.1%$35.3M
Net Income$233.7M+7.9%$216.6M+18.7%$182.6M+45.6%$125.4M-13.3%$144.7M-6.0%$153.9M+7.0%$143.8M+18.6%$121.2M
EPS (Diluted)$0.59+5.4%$0.56+21.7%$0.46+35.3%$0.34-22.7%$0.44-6.4%$0.47+6.8%$0.44+18.9%$0.37

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

ONB Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ONB quarterly balance sheet
MetricQ1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24Q2'24
Total Assets$73.0B+1.2%$72.2B+1.3%$71.2B+0.3%$71.0B+31.7%$53.9B+0.6%$53.6B-0.1%$53.6B+0.9%$53.1B
Cash & Equivalents$1.8B-3.9%$1.8B+8.5%$1.7B-7.0%$1.8B+45.9%$1.2B+1.0%$1.2B+3.1%$1.2B-3.4%$1.2B
Goodwill$2.4B+0.2%$2.4B+0.3%$2.4B+0.4%$2.4B+10.8%$2.2B0.0%$2.2B-0.1%$2.2B+0.3%$2.2B
Total Liabilities$64.5B+1.3%$63.7B+1.2%$62.9B+0.1%$62.9B+32.8%$47.3B+0.3%$47.2B0.0%$47.2B+0.4%$47.0B
Total Equity$8.5B+0.2%$8.5B+2.2%$8.3B+2.3%$8.1B+24.4%$6.5B+3.1%$6.3B-0.4%$6.4B+4.8%$6.1B
Retained Earnings$2.6B+7.2%$2.4B+7.0%$2.3B+5.8%$2.1B+3.2%$2.1B+4.8%$2.0B+5.6%$1.9B+5.4%$1.8B

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.

ONB Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ONB quarterly cash flow statement
MetricQ1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24Q2'24
Operating Cash Flow$206.1M+29.5%$159.2M-53.3%$341.2M+368.1%$72.9M-32.6%$108.2M-54.1%$235.8M+94.3%$121.3M-24.6%$161.0M
Capital Expenditures$12.9M-41.1%$21.9M+188.4%$7.6M-13.8%$8.8M+51.7%$5.8M-14.1%$6.8M+19.2%$5.7M-39.5%$9.4M
Free Cash Flow$193.3M+40.7%$137.3M-58.8%$333.6M+420.6%$64.1M-37.4%$102.4M-55.3%$229.0M+98.0%$115.7M-23.7%$151.6M
Investing Cash Flow-$1.1B-55.0%-$698.8M-54.9%-$451.1M-8.9%-$414.4M-53.2%-$270.6M-130.6%-$117.3M+60.6%-$298.0M-56.4%-$190.5M
Financing Cash Flow$804.6M+17.8%$683.1M+4354.0%-$16.1M-101.8%$910.3M+422.7%$174.2M+312.3%-$82.0M-160.7%$135.2M-58.1%$323.1M
Dividends Paid$60.1M+2.5%$58.6M-0.4%$58.9M0.0%$58.9M+21.0%$48.7M0.0%$48.7M0.0%$48.7M0.0%$48.7M
Share Buybacks$104.1M+314.6%$25.1M-0.4%$25.2M+216.7%$8.0M-41.2%$13.5M+9639.6%$139K-51.6%$287K-77.5%$1.3M

ONB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

ONB quarterly financial ratios
MetricQ1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24Q2'24
Net Margin26.6%+2.5pp24.1%+4.2pp19.9%+4.7pp15.2%-7.8pp22.9%-0.3pp23.2%+2.1pp21.1%+2.9pp18.3%
Return on Equity2.8%+0.2pp2.5%+0.3pp2.2%+0.7pp1.5%-0.7pp2.2%-0.2pp2.4%+0.2pp2.3%+0.3pp2.0%
Return on Assets0.3%0.0pp0.3%0.0pp0.3%+0.1pp0.2%-0.1pp0.3%0.0pp0.3%0.0pp0.3%0.0pp0.2%
Debt-to-Equity7.58+0.1x7.49-0.1x7.57-0.2x7.73+0.5x7.25-0.2x7.450.0x7.42-0.3x7.74
FCF Margin22.0%+6.7pp15.3%-21.1pp36.4%+28.6pp7.8%-8.5pp16.2%-18.4pp34.6%+17.6pp17.0%-5.8pp22.9%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

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Frequently Asked Questions

What is Old Natl Bancorp Ind's annual revenue?

Old Natl Bancorp Ind (ONB) reported $3.3B in total revenue for fiscal year 2025. This represents a 25.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Old Natl Bancorp Ind's revenue growing?

Old Natl Bancorp Ind (ONB) revenue grew by 25.7% year-over-year, from $2.6B to $3.3B in fiscal year 2025.

Is Old Natl Bancorp Ind profitable?

Yes, Old Natl Bancorp Ind (ONB) reported a net income of $669.3M in fiscal year 2025, with a net profit margin of 20.5%.

Old Natl Bancorp Ind (ONB) reported diluted earnings per share of $1.79 for fiscal year 2025. This represents a 6.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Old Natl Bancorp Ind (ONB) had a net profit margin of 20.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Old Natl Bancorp Ind (ONB) paid $0.56 per share in dividends during fiscal year 2025.

Old Natl Bancorp Ind (ONB) has a return on equity of 7.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Old Natl Bancorp Ind (ONB) generated $637.4M in free cash flow during fiscal year 2025. This represents a 7.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Old Natl Bancorp Ind (ONB) generated $681.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Old Natl Bancorp Ind (ONB) had $72.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Old Natl Bancorp Ind (ONB) invested $44.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Old Natl Bancorp Ind (ONB) spent $71.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Old Natl Bancorp Ind (ONB) had 390M shares outstanding as of fiscal year 2025.

Old Natl Bancorp Ind (ONB) had a debt-to-equity ratio of 7.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Old Natl Bancorp Ind (ONB) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Old Natl Bancorp Ind (ONB) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Old Natl Bancorp Ind (ONB) has an earnings quality ratio of 1.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Old Natl Bancorp Ind (ONB) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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