Old National Bancorp (ONB)
Regional bank combining commercial and consumer banking with wealth and capital markets services.
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Provides commercial and consumer banking, residential mortgages, treasury management, wealth management, and capital markets services across the Midwest and Southeast. Earnings are driven mainly by the spread between loan and securities yields and funding costs, with fees from advisory, deposit, card, mortgage, and capital markets activities.
Operates a regional banking franchise across the Midwest and Southeast, offering commercial, commercial real estate, residential mortgage, and consumer lending alongside deposits and treasury management. Wealth management, private banking, brokerage, trust, and investment advisory services broaden fee income, while capital markets adds derivatives, foreign exchange, and debt-financing capabilities.
Earns most revenue from net interest income: the spread between yields on loans and securities and the cost of deposits and borrowings. A relationship-banking model combines local banking centers with specialized commercial teams, and the Bremer combination expanded the franchise into Minnesota, North Dakota, and Wisconsin.
Operates through Old National Bank and is supervised by the Federal Reserve at the holding-company level and the OCC at the bank level. The parent depends principally on dividends from the bank subsidiary. Banking law and regulatory expectations limit those distributions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | National Bank | Target | Target: $30 | Target: $32 |
| Jul 28, 2026 | Truist Financial | Target | Target: $28 | Target: $29 |
| Jul 23, 2026 | RBC Capital | Reiterate | Rating: —Target: $25 | Target: $29 |
| Jul 22, 2026 | Jefferies | Reiterate | Rating: —Target: $25 | Target: $27 |
| Jul 7, 2026 | Raymond James | Initiate | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $16.33B · Total debt $8.42B · Total assets $74.19B · Shareholders' equity $8.58B
- Revenue
- $1.00B
- Operating income
- $324.2M
- Net income
- $253.4M
HistoryDividendAnnual yield
| Institutions | 86.96% | 332.70M shares | |
|---|---|---|---|
| 457 holders · as of Jun 30, 2026 | |||
| Insiders | 0.77% | 2.93M shares | |
| 21 holders · as of Sep 3, 2026 | |||
| Strategic holders | 10.77% | 41.21M shares | |
| 1 holder · as of Mar 2, 2026 | |||
| Other | 1.50% | 5.73M shares | |
| remainder | |||
382.57M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.27% | 46.94M | as of Jun 30, 2026 |
Otto Bremer TrustStrategic10 percent owner | 10.77% | 41.21M | filed Mar 2, 2026 |
FMR LLCInstitution | 9.08% | 34.73M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.79% | 18.32M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.76% | 18.22M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 30, 2026 | Chady M. Alahmar | officer: CEO, WEALTH MANAGEMENT | −11,771 | $26.41 |
| Jul 28, 2026 | Nicholas J. Chulos | officer: Chief Legal Officer & Corp Sec | −20,000 | $26.66 |
| Feb 26, 2026 | Otto Bremer Trust | 10 percent owner | −1,926,782 | $25.95 |
| Feb 20, 2026 | Ryan C. Kitchell | director | −4,003 | |
| Feb 3, 2026 | Nicholas J. Chulos | officer: Chief Legal Officer & Corp Sec | −15,000 | $25.05 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Old National Bancorp | $25.00 | −0.12% | $9.58B | 11.0 | 9.2 | 2.4 | +12.3% |
| Fifth Third | $52.34 | −0.81% | $47.82B | 18.0 | 12.1 | 3.2 | +45.2% |
| Huntington Bancshares | $15.59 | −0.67% | $31.70B | 11.7 | 9.4 | 2.2 | +47.4% |
| Wintrust Financial | $144.88 | +0.12% | $9.76B | 11.5 | 10.9 | 2.2 | +10.1% |
| U.S. Bancorp | $58.92 | −0.87% | $92.59B | 11.9 | 10.9 | 2.1 | +10.6% |
| First Horizon | $23.20 | −0.62% | $11.08B | 11.2 | 10.7 | 2.4 | +9.9% |
| Regions Financial | $27.67 | −0.86% | $23.82B | 11.4 | 10.2 | 2.5 | +2.2% |
| KeyCorp | $20.40 | −0.37% | $22.11B | 11.9 | 10.4 | 2.1 | +7.3% |
| First Financial Bancorp | $31.39 | +0.18% | $3.29B | 11.1 | 9.8 | 2.5 | +16.7% |
| Median | 11.6 | 10.6 | 2.3 | +10.3% |