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Old National Bancorp /In/ (ONBPP) Stock Fundamental Analysis & AI Rating 2026

ONBPP Nasdaq National Commercial Banks IN CIK: 0000707179
Recently Updated • Analysis: Apr 13, 2026 • SEC Data: 2025-12-31
BUY
68% Conf
Pending
Analysis scheduled

📊 ONBPP Key Takeaways

Revenue: $3.3B
Net Margin: 20.5%
Free Cash Flow: $637.4M
Current Ratio: N/A
Debt/Equity: 0.20x
EPS: $1.79
AI Rating: BUY with 68% confidence
Old National Bancorp /In/ (ONBPP) receives a BUY rating with 68% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $3.3B, net profit margin of 20.5%, and return on equity (ROE) of 7.9%, Old National Bancorp /In/ demonstrates strong fundamentals in the Finance sector. Below is our complete ONBPP stock analysis for 2026.

Is Old National Bancorp /In/ (ONBPP) a Good Investment?

Claude

Old National Bancorp demonstrates strong fundamental growth with 58.9% revenue expansion and robust 20.5% net margins, supported by solid free cash flow generation of $637.4M. However, ROE of 7.9% significantly lags industry standards (typically 10-15%), suggesting acquisition-related integration headwinds and below-average capital efficiency that warrant cautious monitoring despite overall financial health.

Why Buy Old National Bancorp /In/ Stock? ONBPP Key Strengths

Claude
  • + Exceptional revenue growth of 58.9% YoY with consistent profitability at 25.7% operating margin
  • + Strong free cash flow of $637.4M (19.5% FCF margin) indicating quality earnings and cash generation capability
  • + Conservative balance sheet with low leverage (0.20x Debt/Equity) and manageable debt obligations
  • + Positive net income and EPS growth (+2.5% and +6.5% respectively) despite integration costs

ONBPP Stock Risks: Old National Bancorp /In/ Investment Risks

Claude
  • ! ROE of 7.9% substantially below banking sector norms, indicating suboptimal capital deployment and returns
  • ! Significant disconnect between revenue growth (58.9%) and net income growth (2.5%) signals acquisition-related margin compression or integration challenges
  • ! Interest coverage of 3.5x provides limited buffer against interest rate declines, creating vulnerability to monetary policy shifts
  • ! ROA of 0.9% is below average for commercial banks, suggesting lower asset productivity requiring operational improvement

Key Metrics to Watch

Claude
  • * Return on Equity (ROE) trajectory - critical to verify if returns normalize post-integration
  • * Net interest margin and deposit dynamics - essential drivers of bank profitability
  • * Integration progress metrics and expense synergies realization from acquisition activity
  • * Credit quality indicators and loan loss provisions - assess asset quality sustainability

Old National Bancorp /In/ (ONBPP) Financial Metrics & Key Ratios

Revenue
$3.3B
Net Income
$669.3M
EPS (Diluted)
$1.79
Free Cash Flow
$637.4M
Total Assets
$72.2B
Cash Position
$1.8B

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

ONBPP Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 25.7%
Net Margin 20.5%
ROE 7.9%
ROA 0.9%
FCF Margin 19.5%

ONBPP vs Finance Sector: How Old National Bancorp /In/ Compares

How Old National Bancorp /In/ compares to Finance sector averages

Net Margin
ONBPP 20.5%
vs
Sector Avg 25.0%
ONBPP Sector
ROE
ONBPP 7.9%
vs
Sector Avg 12.0%
ONBPP Sector
Current Ratio
ONBPP 0.0x
vs
Sector Avg 1.2x
ONBPP Sector
Debt/Equity
ONBPP 0.2x
vs
Sector Avg 2.0x
ONBPP Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Old National Bancorp /In/ Stock Overvalued? ONBPP Valuation Analysis 2026

Based on fundamental analysis, Old National Bancorp /In/ has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
7.9%
Sector avg: 12%
Net Profit Margin
20.5%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.20x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Old National Bancorp /In/ Balance Sheet: ONBPP Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.20x
Debt/Assets
88.2%
Interest Coverage
3.51x
Long-term Debt
$1.7B

ONBPP Revenue & Earnings Growth: 5-Year Financial Trend

ONBPP 5-year financial data: Year 2018: Revenue $137.3M, Net Income N/A, EPS N/A. Year 2019: Revenue $130.8M, Net Income N/A, EPS N/A. Year 2020: Revenue $130.8M, Net Income N/A, EPS N/A. Year 2021: Revenue $130.8M, Net Income $238.2M, EPS $1.38.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Old National Bancorp /In/'s revenue has remained relatively flat over the 5-year period, with a 5% decline. The most recent EPS of $1.94 reflects profitable operations.

ONBPP Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
19.5%
Free cash flow / Revenue

ONBPP Quarterly Earnings & Performance

Quarterly financial performance data for Old National Bancorp /In/ including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2021 $30.0M $22.6M $0.43
Q2 2021 $27.8M $22.6M $0.32
Q1 2021 $30.2M $22.6M $0.13
Q3 2020 $30.0M $22.6M $0.41
Q2 2020 $27.8M $22.6M $0.32
Q1 2020 $31.0M $22.6M $0.13
Q3 2019 $31.2M $38.1M $0.34
Q2 2019 $32.3M $38.8M $0.29

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Old National Bancorp /In/ Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$681.5M
Cash generated from operations
Stock Buybacks
$71.8M
Shares repurchased (TTM)
Capital Expenditures
$44.1M
Investment in assets
Dividends Paid
$225.1M
Returned to shareholders

ONBPP SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Old National Bancorp /In/ (CIK: 0000707179)

📋 Recent SEC Filings

Date Form Document Action
Apr 10, 2026 4 xslF345X06/form4.xml View →
Apr 10, 2026 4 xslF345X06/form4.xml View →
Apr 10, 2026 4 xslF345X06/form4.xml View →
Apr 7, 2026 4 xslF345X06/form4.xml View →
Apr 3, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about ONBPP

What is the AI rating for ONBPP?

Old National Bancorp /In/ (ONBPP) has an AI rating of BUY with 68% confidence, based on fundamental analysis of SEC EDGAR filings.

What are ONBPP's key strengths?

Claude: Exceptional revenue growth of 58.9% YoY with consistent profitability at 25.7% operating margin. Strong free cash flow of $637.4M (19.5% FCF margin) indicating quality earnings and cash generation capability.

What are the risks of investing in ONBPP?

Claude: ROE of 7.9% substantially below banking sector norms, indicating suboptimal capital deployment and returns. Significant disconnect between revenue growth (58.9%) and net income growth (2.5%) signals acquisition-related margin compression or integration challenges.

What is ONBPP's revenue and growth?

Old National Bancorp /In/ reported revenue of $3.3B.

Does ONBPP pay dividends?

Old National Bancorp /In/ pays dividends, with $225.1M distributed to shareholders in the trailing twelve months.

Where can I find ONBPP SEC filings?

Official SEC filings for Old National Bancorp /In/ (CIK: 0000707179) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ONBPP's EPS?

Old National Bancorp /In/ has a diluted EPS of $1.79.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ONBPP a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Old National Bancorp /In/ has a BUY rating with 68% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is ONBPP stock overvalued or undervalued?

Valuation metrics for ONBPP: ROE of 7.9% (sector avg: 12%), net margin of 20.5% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy ONBPP stock in 2026?

Our dual AI analysis gives Old National Bancorp /In/ a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ONBPP's free cash flow?

Old National Bancorp /In/'s operating cash flow is $681.5M, with capital expenditures of $44.1M. FCF margin is 19.5%.

How does ONBPP compare to other Finance stocks?

Vs Finance sector averages: Net margin 20.5% (avg: 25%), ROE 7.9% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 13, 2026 | Data as of: 2025-12-31 | Powered by Claude AI