What is Old National Bancorp's earnings per share (EPS)?

Old National Bancorp (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 National Bancorp (ONB) Financials

ONB

Trailing 12 months to March 31, 2026

Revenue $2.7B +41.6% YoY

Net Income $758.3M +34.5% YoY

EPS (Diluted) $1.95 +13.4% YoY

Free Cash Flow $728.3M +21.6% YoY

Market Cap $9.6B as of Oct 15, 2026

Price / Sales 3.5x on $2.7B revenue, trailing 12 months to March 31, 2026

Price / Earnings 12.6x on $758.3M net income, trailing 12 months to March 31, 2026

Price / Book 1.1x on $8.5B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ONB SEC filings page.

Old National Bancorp (ONB) reported $2.7B in revenue over the twelve months to Mar 31, 2026, up 41.6% 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 2026-10-04

Asset growth is doing more work than profitability: Old National expanded rapidly while returns on its much larger balance sheet weakened.

From FY2024 to FY2025, assets expanded 34.7% while net income increased 24.1%; the resulting decline in return on assets from 1.0% to 0.9% indicates that added balance-sheet scale produced less earnings per asset.

Liabilities financed 88.2% of FY2025 assets, alongside a 7.5x debt-to-equity ratio; this is a balance-sheet model where modest changes in asset earnings can disproportionately affect equity returns.

FY2025 operating cash flow of $681M slightly exceeded net income of $669M, showing cash-backed earnings rather than a large accounting-to-cash gap. Free cash flow was $637M, so investment outlays reduced—but did not erase—the operating cash generated.

Financial Health Signals

Financial Health Score 52/100

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 National Bancorp'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

Old National Bancorp earned a return on assets of 0.9% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 1.0% the prior year. Earnings ranks banks on that return over three years, and Old National Bancorp scores 62/100 among other banks.

Growth

Old National Bancorp reported revenue of $2.5B in fiscal year 2025, against $1.9B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Old National Bancorp scores 75/100 among other banks.

Capital

Old National Bancorp funded 11.8% of its assets with shareholders' equity at the end of fiscal year 2025, holding $8.5B of equity against $72.2B of assets. Capital ranks banks on that cushion, and Old National Bancorp scores 56/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Old National Bancorp scores 72/100 on it among other banks.

Credit Quality

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

Stability

Old National Bancorp reported net income of $669.3M in fiscal year 2025, against $539.2M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Old National Bancorp scores 48/100 among other banks.

Piotroski F-Score Partial

3/6

Old National Bancorp 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 National Bancorp 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

$694.9M

YoY+44.3%

QoQ+0.6%

5Y CAGR+27.7%

10Y CAGR+17.8%

Old National Bancorp generated $694.9M in revenue in Q1 2026. This represents an increase of 44.3% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Net Income

$233.7M

YoY+61.5%

QoQ+7.9%

5Y CAGR+21.9%

10Y CAGR+24.1%

Old National Bancorp reported $233.7M in net income in Q1 2026. This represents an increase of 61.5% from the same quarter a year earlier. Against the prior quarter it is up 7.9%.

EPS (Diluted)

$0.59

YoY+34.1%

QoQ+5.4%

5Y CAGR+2.6%

10Y CAGR+9.4%

Old National Bancorp earned $0.59 per diluted share (EPS) in Q1 2026. This represents an increase of 34.1% from the same quarter a year earlier. Against the prior quarter it is up 5.4%.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Free Cash Flow

$193.3M

YoY+88.7%

QoQ+40.7%

5Y CAGR+22.4%

10Y CAGR+34.7%

Old National Bancorp generated $193.3M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 88.7% from the same quarter a year earlier. Against the prior quarter it is up 40.7%.

Cash & Debt

$1.8B

YoY+41.5%

QoQ-3.9%

5Y CAGR+30.8%

10Y CAGR+25.9%

Old National Bancorp held $1.8B in cash as of Q1 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.14

YoY+3.6%

QoQ+3.6%

5Y CAGR+0.7%

10Y CAGR+1.1%

Old National Bancorp paid $0.14 per share in dividends in Q1 2026. This represents an increase of 3.6% from the same quarter a year earlier. Against the prior quarter it is up 3.6%.

Shares Outstanding

386M

YoY+20.8%

QoQ-0.8%

5Y CAGR+18.5%

10Y CAGR+12.9%

Old National Bancorp had 386M shares outstanding in Q1 2026. This represents an increase of 20.8% from the same quarter a year earlier. Against the prior quarter it is down 0.8%.

Margins & Returns

Net Margin

33.6%

YoY+3.6pp

QoQ+2.3pp

5Y change-8.8pp

10Y change+13.7pp

Old National Bancorp's net profit margin was 33.6% in Q1 2026, showing the share of revenue converted to profit. This is up 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.

Return on Equity

2.8%

YoY+0.5pp

QoQ+0.2pp

5Y change-0.2pp

10Y change+1.0pp

Old National Bancorp's ROE was 2.8% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Gross Margin

Not reported for Q1 2026.

Operating Margin

Not reported for Q1 2026.

Capital Allocation

Share Buybacks

$104.1M

YoY+668.7%

QoQ+314.6%

5Y CAGR+105.3%

10Y CAGR+70.8%

Old National Bancorp spent $104.1M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 668.7% from the same quarter a year earlier. Against the prior quarter it is up 314.6%.

Capital Expenditures

$12.9M

YoY+122.1%

QoQ-41.1%

5Y CAGR0.0%

10Y CAGR+10.1%

Old National Bancorp invested $12.9M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 122.1% from the same quarter a year earlier. Against the prior quarter it is down 41.1%.

R&D Spending

Not reported for Q1 2026.

ONB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ONB quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$2.7B	$2.5B+33.9%	$1.9B+2.7%	$1.8B+6.3%	$1.7B+113.1%	$810.6M-3.0%	$835.4M+4.0%	$803.6M+9.6%	$732.9M+18.1%	$620.5M-5.3%	$655.5M+9.9%	$596.7M+12.3%	$531.5M+5.8%	$502.2M+0.7%	$498.6M+9.4%	$455.8M
SG&A Expenses	$784.8M	$749.0M+24.2%	$603.1M+10.4%	$546.4M-5.1%	$575.6M+102.6%	$284.1M-3.2%	$293.6M+1.4%	$289.5M+2.9%	$281.3M+14.0%	$246.7M-2.4%	$252.9M+3.7%	$243.9M+11.2%	$219.3M+8.3%	$202.4M+4.4%	$193.9M+2.3%	$189.5M
Interest Expense	$1.3B	$1.2B+13.2%	$1.1B+52.2%	$703.7M+457.3%	$126.3M+198.9%	$42.2M-37.1%	$67.2M-46.7%	$126.1M+33.5%	$94.4M+62.4%	$58.2M+30.9%	$44.4M+34.3%	$33.1M+41.6%	$23.4M-4.2%	$24.4M-32.2%	$35.9M-33.1%	$53.7M
Income Tax	$196.8M	$172.1M+21.9%	$141.3M-16.6%	$169.3M+45.4%	$116.4M+89.9%	$61.3M+110.4%	$29.1M-44.1%	$52.1M+192.2%	$17.9M-75.5%	$72.9M+10.2%	$66.2M+43.3%	$46.2M+20.6%	$38.3M-7.9%	$41.6M+15.2%	$36.1M+32.3%	$27.3M
Net Income	$758.3M	$669.3M+24.1%	$539.2M-7.4%	$582.0M+35.9%	$428.3M+54.3%	$277.5M+22.6%	$226.4M-5.0%	$238.2M+24.8%	$190.8M+99.4%	$95.7M-28.7%	$134.3M+15.0%	$116.7M+12.6%	$103.7M+2.7%	$100.9M+10.1%	$91.7M+26.5%	$72.5M
EPS (Basic)	N/A	$1.80+6.5%	$1.69-13.3%	$1.95+29.1%	$1.51-10.1%	$1.68+22.6%	$1.37-1.4%	$1.39+13.0%	$1.23+78.3%	$0.69-34.3%	$1.05+4.0%	$1.01+5.2%	$0.96-4.0%	$1.00+5.3%	$0.95+25.0%	$0.76
EPS (Diluted)	$1.95	$1.79+6.5%	$1.68-13.4%	$1.94+29.3%	$1.50	$1.67+22.8%	$1.36-1.4%	$1.38+13.1%	$1.22+76.8%	$0.69-34.3%	$1.05+5.0%	$1.00+5.3%	$0.95-5.0%	$1.00+5.3%	$0.95+25.0%	$0.76
Diluted Shares (Avg)	N/A	365M+17.5%	311M+6.6%	292M+5.5%	277M	166M-0.1%	166M-3.8%	173M+10.3%	157M+13.0%	139M+8.0%	128M+10.4%	116M+7.3%	108M+7.1%	101M+4.5%	97M+2.2%	95M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$694.9M+44.3%	$690.6M+41.0%	$705.1M+45.1%	$647.3M+36.1%	$481.4M+10.9%	$489.9M+5.5%	$485.9M+6.5%	$475.7M+2.6%
SG&A Expenses	$184.1M+24.1%	$187.3M+27.7%	$211.3M+43.3%	$202.1M+27.0%	$148.3M-1.0%	$146.6M+3.5%	$147.5M+12.1%	$159.2M+17.2%
Interest Expense	$304.8M+25.6%	$316.5M+18.1%	$342.6M+18.9%	$310.2M+12.7%	$242.8M+1.3%	$267.9M+18.9%	$288.2M+43.1%	$275.2M+69.1%
Income Tax	$61.6M+66.9%	$54.9M+70.3%	$50.0M+21.2%	$30.3M-14.0%	$36.9M+13.6%	$32.2M-10.9%	$41.3M-6.8%	$35.3M-25.6%
Net Income	$233.7M+61.5%	$216.6M+40.8%	$182.6M+27.0%	$125.4M+3.4%	$144.7M+20.3%	$153.9M+16.1%	$143.8M-2.8%	$121.2M-21.8%
EPS (Basic)	$0.60+33.3%	$0.56+16.7%	$0.46+4.5%	$0.34-8.1%	$0.45+12.5%	$0.48+6.7%	$0.44-10.2%	$0.37-28.8%
EPS (Diluted)	$0.59+34.1%	$0.56+19.1%	$0.46+4.5%	$0.34-8.1%	$0.44+10.0%	$0.47+6.8%	$0.44-10.2%	$0.37-28.8%
Diluted Shares (Avg)	388M+20.9%	N/A	390M+23.1%	361M+14.2%	321M+9.9%	N/A	317M+8.8%	316M+8.7%

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

ONB Balance Sheet

ONB quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$72.2B+34.7%	$53.6B+9.1%	$49.1B+5.0%	$46.8B+91.2%	$24.5B+6.5%	$23.0B+12.5%	$20.4B+3.5%	$19.7B+12.6%	$17.5B+17.9%	$14.9B+23.9%	$12.0B+3.0%	$11.6B+21.5%	$9.6B+0.4%	$9.5B+10.8%	$8.6B
Cash & Equivalents	$1.8B+48.7%	$1.2B+4.5%	$1.2B+61.3%	$728.4M-11.4%	$822.0M+39.4%	$589.7M+113.4%	$276.3M-12.9%	$317.2M+9.2%	$290.4M+13.7%	$255.5M+16.2%	$219.8M-8.4%	$240.0M+16.1%	$206.7M-21.7%	$264.1M+18.5%	$222.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.4B+11.5%	$2.2B+8.8%	$2.0B0.0%	$2.0B+92.7%	$1.0B0.0%	$1.0B0.0%	$1.0B+0.1%	$1.0B+25.1%	$828.1M+26.4%	$655.0M+12.0%	$584.6M+10.1%	$530.8M+50.5%	$352.7M+4.1%	$338.8M+33.8%	$253.2M
Total Liabilities	$63.7B+34.8%	$47.2B+8.5%	$43.5B+4.5%	$41.6B+94.2%	$21.4B+7.3%	$20.0B+13.8%	$17.6B+3.1%	$17.0B+10.9%	$15.4B+17.8%	$13.0B+24.2%	$10.5B+3.1%	$10.2B+20.9%	$8.4B+0.8%	$8.3B+10.2%	$7.6B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.6B+0.2%	$1.6B+19.0%	$1.4B+32.2%	$1.0B+11.4%	$918.6M+65.1%	$556.4M+134.3%	$237.5M-18.3%	$290.8M
Total Equity	$8.5B+34.0%	$6.3B+14.0%	$5.6B+8.5%	$5.1B+70.3%	$3.0B+1.3%	$3.0B+4.2%	$2.9B+6.1%	$2.7B+24.8%	$2.2B+18.7%	$1.8B+21.7%	$1.5B+1.7%	$1.5B+26.1%	$1.2B-2.7%	$1.2B+15.6%	$1.0B
Retained Earnings	$2.4B+22.5%	$2.0B+21.5%	$1.6B+33.0%	$1.2B+25.8%	$968.0M+23.5%	$783.9M+14.9%	$682.2M+29.3%	$527.7M+27.7%	$413.1M+5.9%	$390.3M+20.6%	$323.8M+23.5%	$262.2M+26.7%	$207.0M+41.1%	$146.7M+63.2%	$89.9M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$73.0B+35.5%	$72.2B+34.7%	$71.2B+32.8%	$71.0B+33.6%	$53.9B+8.8%	$53.6B+9.1%	$53.6B+9.3%	$53.1B+9.5%
Cash & Equivalents	$1.8B+41.5%	$1.8B+48.7%	$1.7B+41.2%	$1.8B+46.7%	$1.2B+32.0%	$1.2B+4.5%	$1.2B-28.4%	$1.2B+2.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.4B+11.7%	$2.4B+11.5%	$2.4B+11.1%	$2.4B+11.0%	$2.2B+8.8%	$2.2B+8.8%	$2.2B+8.9%	$2.2B+8.6%
Total Liabilities	$64.5B+36.2%	$63.7B+34.8%	$62.9B+33.2%	$62.9B+33.6%	$47.3B+7.7%	$47.2B+8.5%	$47.2B+7.8%	$47.0B+8.9%
Total Equity	$8.5B+30.2%	$8.5B+34.0%	$8.3B+30.5%	$8.1B+33.8%	$6.5B+16.8%	$6.3B+14.0%	$6.4B+21.5%	$6.1B+14.8%
Retained Earnings	$2.6B+25.3%	$2.4B+22.5%	$2.3B+21.0%	$2.1B+20.5%	$2.1B+21.7%	$2.0B+21.5%	$1.9B+21.5%	$1.8B+23.6%

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

ONB Cash Flow Statement

ONB quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$779.4M	$681.5M+9.5%	$622.3M+20.5%	$516.3M-36.6%	$814.4M+146.5%	$330.4M+50.3%	$219.8M-6.0%	$233.8M-0.3%	$234.4M-6.3%	$250.1M+908.1%	$24.8M-80.0%	$123.8M-37.9%	$199.3M+20.5%	$165.4M+44.7%	$114.3M-20.1%	$143.1M
Depreciation & Amortization	N/A	$123.6M+88.3%	$65.6M+5.3%	$62.3M+0.1%	$62.3M+61.3%	$38.6M-10.2%	$43.0M-1.4%	$43.6M+14.2%	$38.2M+12.3%	$34.0M+17.1%	$29.0M+70.6%	$17.0M+16.3%	$14.6M+16.9%	$12.5M-4.4%	$13.1M+8.0%	$12.1M
Stock-Based Compensation	N/A	$38.2M+18.4%	$32.3M+15.7%	$27.9M-2.6%	$28.7M+282.2%	$7.5M-2.7%	$7.7M-3.6%	$8.0M-1.5%	$8.1M+29.4%	$6.3M-14.3%	$7.3M+72.0%	$4.3M+2.2%	$4.2M+5.2%	$4.0M+19.3%	$3.3M-3.5%	$3.4M
Capital Expenditures	$51.1M	$44.1M+45.6%	$30.3M-21.1%	$38.4M+1.3%	$37.9M-22.2%	$48.7M+57.7%	$30.9M-17.5%	$37.4M+12.1%	$33.4M-10.5%	$37.3M-83.4%	$224.7M+162.3%	$85.7M+318.4%	$20.5M+10.0%	$18.6M-0.5%	$18.7M+62.9%	$11.5M
Free Cash Flow	$728.3M	$637.4M+7.7%	$592.0M+23.9%	$478.0M-38.4%	$776.5M+175.7%	$281.7M+49.1%	$188.9M-3.8%	$196.3M-2.3%	$201.0M-5.5%	$212.8M+206.5%	-$199.9M-624.6%	$38.1M-78.7%	$178.9M+21.9%	$146.8M+53.6%	$95.6M-27.4%	$131.6M
Investing Cash Flow	-$2.6B	-$1.8B-33.7%	-$1.4B+24.6%	-$1.8B-7.9%	-$1.7B-17.7%	-$1.4B+33.1%	-$2.1B-307.6%	-$525.4M-93.6%	-$271.4M+49.4%	-$536.4M+16.3%	-$640.8M	N/A	N/A	$101.0M+963.4%	-$11.7M-101.2%	$1.0B
Financing Cash Flow	$2.4B	$1.8B+118.2%	$802.6M-54.1%	$1.7B+125.0%	$777.5M-41.7%	$1.3B-40.3%	$2.2B+791.1%	$250.8M+293.5%	$63.7M-80.2%	$321.2M-50.7%	$651.7M	N/A	N/A	-$323.7M-427.1%	-$61.4M+94.8%	-$1.2B
Dividends Paid	$236.5M	$225.1M+17.8%	$191.2M+6.2%	$180.0M+1.4%	$177.6M+91.3%	$92.8M-0.1%	$92.9M+3.9%	$89.5M+8.9%	$82.2M+13.2%	$72.6M+7.5%	$67.5M+21.6%	$55.6M+15.3%	$48.2M+19.6%	$40.3M+16.2%	$34.7M+30.7%	$26.5M
Share Buybacks	$162.3M	$71.8M+708.2%	$8.9M-79.9%	$44.3M-37.8%	$71.2M+1807.9%	$3.7M-95.5%	$82.4M-19.6%	$102.4M+5573.9%	$1.8M-34.6%	$2.8M+35.1%	$2.0M-97.7%	$88.7M+243.4%	$25.8M+6.3%	$24.3M+508.8%	$4.0M+161.5%	$1.5M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$206.1M+90.5%	$159.2M-32.5%	$341.2M+181.2%	$72.9M-54.7%	$108.2M+3.8%	$235.8M+223.7%	$121.3M-47.0%	$161.0M0.0%
Depreciation & Amortization	$37.9M+131.2%	$38.8M+130.0%	$37.9M+124.3%	$30.4M+82.3%	$16.4M+8.2%	$16.9M+6.3%	$16.9M+6.9%	$16.7M+8.9%
Stock-Based Compensation	$9.2M-36.3%	N/A	N/A	N/A	$14.4M+162.4%	N/A	N/A	N/A
Capital Expenditures	$12.9M+122.1%	$21.9M+223.8%	$7.6M+33.9%	$8.8M-6.0%	$5.8M-31.6%	$6.8M-34.4%	$5.7M-46.9%	$9.4M+34.7%
Free Cash Flow	$193.3M+88.7%	$137.3M-40.0%	$333.6M+188.5%	$64.1M-57.7%	$102.4M+7.0%	$229.0M+266.2%	$115.7M-47.0%	$151.6M-1.6%
Investing Cash Flow	-$1.1B-300.2%	-$698.8M-495.6%	-$451.1M-51.4%	-$414.4M-117.5%	-$270.6M+64.7%	-$117.3M+54.4%	-$298.0M-10.2%	-$190.5M+70.7%
Financing Cash Flow	$804.6M+362.0%	$683.1M+932.8%	-$16.1M-111.9%	$910.3M+181.8%	$174.2M-59.2%	-$82.0M+73.0%	$135.2M-73.3%	$323.1M-43.7%
Dividends Paid	$60.1M+23.4%	$58.6M+20.4%	$58.9M+21.0%	$58.9M+20.9%	$48.7M+8.0%	$48.7M+8.3%	$48.7M+8.3%	$48.7M+8.3%
Share Buybacks	$104.1M+668.7%	$25.1M+17958.3%	$25.2M+8681.5%	$8.0M+523.6%	$13.5M+88.5%	$139K+231.0%	$287K-36.4%	$1.3M+1115.2%

ONB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ONB quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	26.5%-2.1pp	28.6%-3.1pp	31.7%+6.9pp	24.8%-9.4pp	34.2%+7.1pp	27.1%-2.5pp	29.6%+3.6pp	26.0%+10.6pp	15.4%-5.1pp	20.5%+0.9pp	19.6%+0.1pp	19.5%-0.6pp	20.1%+1.7pp	18.4%+2.5pp	15.9%
Return on Equity	7.9%-0.6pp	8.5%-2.0pp	10.5%+2.1pp	8.3%-0.9pp	9.2%+1.6pp	7.6%-0.7pp	8.3%+1.3pp	7.1%+2.7pp	4.4%-3.0pp	7.4%-0.4pp	7.8%+0.8pp	7.1%-1.6pp	8.7%+1.0pp	7.7%+0.7pp	7.0%
Return on Assets	0.9%-0.1pp	1.0%-0.2pp	1.2%+0.3pp	0.9%-0.2pp	1.1%+0.1pp	1.0%-0.2pp	1.2%+0.2pp	1.0%+0.4pp	0.5%-0.3pp	0.9%-0.1pp	1.0%+0.1pp	0.9%-0.2pp	1.1%+0.1pp	1.0%+0.1pp	0.8%
Debt-to-Equity	7.490.0x	7.45-0.4x	7.82-0.3x	8.12+1.0x	7.12+0.4x	6.72+0.6x	6.16+5.6x	0.60-0.1x	0.750.0x	0.75+0.1x	0.69+0.1x	0.63+0.1x	0.48+0.3x	0.20-0.1x	0.28
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.030.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.05
FCF Margin	25.3%-6.2pp	31.4%+5.4pp	26.0%-18.9pp	45.0%+10.2pp	34.8%+12.1pp	22.6%-1.8pp	24.4%-3.0pp	27.4%-6.9pp	34.3%+64.8pp	-30.5%-36.9pp	6.4%-27.3pp	33.7%+4.4pp	29.2%+10.1pp	19.2%-9.7pp	28.9%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Net Margin	33.6%+3.6pp	31.4%0.0pp	25.9%-3.7pp	19.4%-6.1pp	30.0%+2.3pp	31.4%+2.9pp	29.6%-2.8pp	25.5%-7.9pp
Return on Equity	2.8%+0.5pp	2.5%+0.1pp	2.2%-0.1pp	1.5%-0.5pp	2.2%+0.1pp	2.4%0.0pp	2.3%-0.6pp	2.0%-0.9pp
Return on Assets	0.3%+0.1pp	0.3%0.0pp	0.3%0.0pp	0.2%-0.1pp	0.3%0.0pp	0.3%0.0pp	0.3%0.0pp	0.2%-0.1pp
Debt-to-Equity	7.58+0.3x	7.490.0x	7.57+0.2x	7.730.0x	7.25-0.6x	7.45-0.4x	7.42-0.9x	7.74-0.4x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	27.8%+6.5pp	19.9%-26.9pp	47.3%+23.5pp	9.9%-22.0pp	21.3%-0.8pp	46.7%+33.3pp	23.8%-24.0pp	31.9%-1.4pp

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

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Old National Bancorp ONB	FY2025	$2.5B	$669.3M	26.5%	$9.6B	52/100
Wintrust Financial Corp WTFC	FY2025	$2.7B	$824.0M	30.2%	$9.5B	58/100
Zions Bancorporation N.A. ZION	FY2025	$3.4B	$899.0M	26.6%	$9.0B	36/100
Cullen/Frost Bankers Inc. CFR	FY2025	$2.2B	$648.6M	29.0%	$9.4B	52/100
Commerce Bancshares Inc CBSH	FY2025	$1.8B	$566.3M	32.1%	$7.8B	65/100
UMB Financial Corp UMBF	FY2025	$2.7B	$702.4M	26.5%	$9.8B	51/100

Where Old National Bancorp Ranks

Frequently Asked Questions

What is Old National Bancorp's annual revenue?

Old National Bancorp (ONB) reported $2.5B in total revenue for fiscal year 2025. This represents a 33.9% 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 National Bancorp's revenue growing?

Old National Bancorp (ONB) revenue grew by 33.9% year-over-year, from $1.9B to $2.5B in fiscal year 2025.

Is Old National Bancorp profitable?

Yes, Old National Bancorp (ONB) reported a net income of $669.3M in fiscal year 2025, with a net profit margin of 26.5%.

What is Old National Bancorp's net profit margin?

Old National Bancorp (ONB) had a net profit margin of 26.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Old National Bancorp pay dividends?

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

What is Old National Bancorp's return on equity (ROE)?

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

What is Old National Bancorp's free cash flow?

Old National Bancorp (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.

What is Old National Bancorp's operating cash flow?

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

What are Old National Bancorp's total assets?

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

What are Old National Bancorp's capital expenditures?

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

Does Old National Bancorp buy back shares?

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

How many shares does Old National Bancorp have outstanding?

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

What is Old National Bancorp's debt-to-equity ratio?

Old National Bancorp (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.

What is Old National Bancorp's return on assets (ROA)?

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

What is Old National Bancorp's P/E ratio?

Old National Bancorp (ONB) trades at 12.6x earnings, its market capitalization divided by net income of $758.3M net income, trailing 12 months to March 31, 2026. The market capitalization is $9.6B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Old National Bancorp's price-to-sales ratio?

Old National Bancorp (ONB) trades at 3.5x sales, its market capitalization divided by revenue of $2.7B revenue, trailing 12 months to March 31, 2026. The market capitalization is $9.6B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Old National Bancorp's Piotroski F-Score?

Old National Bancorp (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.

Are Old National Bancorp's earnings high quality?

Old National Bancorp (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.

How financially healthy is Old National Bancorp?

Old National Bancorp (ONB) scores 52 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.