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Financials · ONB

Old National Bancorp (ONB) financials

For the twelve months ended Sep 30, 2026, Old National Bancorp reported $2.83B of revenue and $957.70M of net income.

Revenue, TTM
$2.83B
Revenue growth, YoY
+21.8%
Net income, TTM
$957.70M
Net income growth, YoY
+57.9%
Net margin
33.8%
Free cash flow, TTM
$979.63M
EPS, diluted, TTM
$2.45
EPS growth, YoY
+43.3%
Cash
$1.68B
P/E
9.84
P/S
3.33
Market cap
$9.43B
Annual revenue$2.52B
FY2016FY2025
Annual net income$669.26M
FY2016FY2025
Annual free cash flow$637.41M
FY2016FY2025

ONB revenue and earnings growth

ONB revenueQ3 2026$712.73M

Quarter YoY
+1.1%
QoQ
-2.7%
FY YoY
+33.9%
5Y CAGR
+24.8%
10Y CAGR
+15.5%

ONB revenue was $712.73M in fiscal Q3 2026 (ended Sep 30, 2026), up 1.1% from a year earlier and down 2.7% from the prior quarter. For the full fiscal 2025 it was $2.52B, up 33.9% from fiscal 2024. Compound annual growth was +24.8% over 5 years and +15.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ONB net incomeQ3 2026$253.99M

Quarter YoY
+39.1%
QoQ
+0.2%
FY YoY
+24.1%
5Y CAGR
+24.2%
10Y CAGR
+19.1%

ONB net income was $253.99M in fiscal Q3 2026 (ended Sep 30, 2026), up 39.1% from a year earlier and up 0.2% from the prior quarter. For the full fiscal 2025 it was $669.26M, up 24.1% from fiscal 2024. Compound annual growth was +24.2% over 5 years and +19.1% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ONB EPSQ3 2026$0.66

Quarter YoY
+43.5%
QoQ
+1.5%
FY YoY
+6.5%

ONB diluted EPS was $0.66 in fiscal Q3 2026 (ended Sep 30, 2026), up 43.5% from a year earlier and up 1.5% from the prior quarter. For the full fiscal 2025 it was $1.79, up 6.5% from fiscal 2024.

ONB free cash flowQ3 2026$373.21M

Quarter YoY
+11.9%
QoQ
+35.3%
FY YoY
+7.7%
5Y CAGR
+27.5%
10Y CAGR
+32.5%

ONB free cash flow was $373.21M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.9% from a year earlier and up 35.3% from the prior quarter. For the full fiscal 2025 it was $637.41M, up 7.7% from fiscal 2024. Compound annual growth was +27.5% over 5 years and +32.5% over 10 years. It rose in 4 of the last 8 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$2.52B$1.89B$1.84B$1.73B$810.62M$835.37M$803.59M$732.91M$620.55M$655.53M
Interest expense--$703.67M$126.27M$42.25M$67.21M$126.11M$94.44M$58.17M$44.43M
Pre-tax income$841.39M$680.44M$751.30M$544.73M$338.86M$255.56M$290.36M$208.68M$168.66M$200.43M
Income tax$172.14M$141.25M$169.31M$116.45M$61.32M$29.15M$52.15M$17.85M$72.94M$66.16M
Net income$669.26M$539.19M$581.99M$428.29M$277.54M$226.41M$238.21M$190.83M$95.72M$134.26M
EPS, basic$1.80$1.69$1.95$1.51$1.68$1.37$1.39$1.23$0.69$1.05
EPS, diluted$1.79$1.68$1.94$1.50$1.67$1.36$1.38$1.22$0.69$1.05
Diluted shares365.5M311.0M291.9M276.7M165.9M166.2M172.7M156.5M138.5M128.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.83B$1.23B$1.18B$728.41M$822.02M$589.71M$276.34M$317.17M$290.43M$255.52M
Goodwill$2.43B$2.18B$2.00B$2.00B$1.04B$1.04B$1.04B$1.04B$828.05M$655.02M
Total assets$72.15B$53.55B$49.09B$46.76B$24.45B$22.96B$20.41B$19.73B$17.52B$14.86B
Long-term debt-------$1.61B$1.61B$1.35B
Total debt-------$1.61B$1.61B$1.35B
Total liabilities$63.66B$47.21B$43.53B$41.63B$21.44B$19.99B$17.56B$17.04B$15.36B$13.05B
Shareholders' equity$8.49B$6.34B$5.56B$5.13B$3.01B$2.97B$2.85B$2.69B$2.15B$1.81B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$681.47M$622.28M$516.34M$814.42M$330.38M$219.82M$233.76M$234.41M$250.08M$24.81M
Capital expenditures$44.06M$30.27M$38.38M$37.90M$48.69M$30.87M$37.42M$33.39M$37.30M$224.66M
Free cash flow$637.41M$592.01M$477.97M$776.52M$281.69M$188.95M$196.33M$201.02M$212.78M-$199.85M
Investing cash flow-$1.83B-$1.37B-$1.82B-$1.69B-$1.43B-$2.14B-$525.40M-$271.42M-$536.40M-$640.76M
Financing cash flow$1.75B$802.59M$1.75B$777.48M$1.33B$2.24B$250.82M$63.74M$321.23M$651.65M
Dividends paid$225.12M$191.16M$180.03M$177.62M$92.83M$92.95M$89.47M$82.16M$72.60M$67.54M
Share repurchases$71.80M$8.88M$44.31M$71.18M$3.73M$82.36M$102.41M$1.80M$2.76M$2.04M
Stock-based compensation$38.21M$32.28M$27.91M$28.66M$7.50M$7.71M$7.99M$8.12M$6.28M$7.32M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY33.9%2.7%6.3%113.1%-3.0%4.0%9.6%18.1%-5.3%9.9%
Net income growth, YoY24.1%-7.4%35.9%54.3%22.6%-5.0%24.8%99.4%-28.7%15.0%
EPS growth, YoY6.5%-13.4%29.3%-22.8%-1.4%13.1%76.8%-34.3%5.0%
Net margin26.5%28.6%31.7%24.8%34.2%27.1%29.6%26.0%15.4%20.5%
Free cash flow margin25.2%31.4%26.0%44.9%34.7%22.6%24.4%27.4%34.3%-30.5%
Return on equity7.9%8.5%10.5%8.4%9.2%7.6%8.4%7.1%4.4%7.4%
Return on assets0.9%1.0%1.2%0.9%1.1%1.0%1.2%1.0%0.5%0.9%
Debt to equity-------0.600.750.75

Source: XBRL data Old National Bancorp files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ONB peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ONB$2.83B+21.8%$957.70M33.8%$9.43B
FNB$1.84B+9.5%$607.00M33.0%$6.28B
FRME$724.47M+8.5%$197.52M27.3%$2.56B
OSBC$382.69M+20.6%$111.49M29.1%$1.21B
HBNC$301.01M-$106.67M35.4%$1.07B

ONB FAQ

8 questions
  • What is ONB revenue?
    Old National Bancorp (ONB) reported $2.83B of revenue for the twelve months ended Sep 30, 2026. That is up 21.8% from the year before. Revenue for fiscal 2025 was $2.52B.
  • Is ONB profitable?
    Yes. Old National Bancorp earned $957.70M in net income for the twelve months ended Sep 30, 2026, a net margin of 33.8%.
  • How much cash and debt does ONB have?
    Old National Bancorp reported $1.68B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is ONB revenue growing?
    Old National Bancorp's revenue changed +33.9% in fiscal 2025, to $2.52B. Its compound annual growth rate was +24.8% over 5 years and +15.5% over 10 years.
  • What is ONB free cash flow?
    Old National Bancorp generated $979.63M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.02B less capital expenditures.
  • What is ONB earnings per share?
    Diluted earnings per share were $2.45 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ONB last report financial results?
    The latest statements here come from Old National Bancorp's 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this ONB financial data come from?
    Quantisnow builds these statements from the structured XBRL data Old National Bancorp files with the SEC. It is provided for information only and is not investment advice.