Old National Bancorp
NASDAQ:ONB

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Old National Bancorp
NASDAQ:ONB
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Price: 21.65 USD 2.32% Market Closed
Market Cap: 6.9B USD
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Intrinsic Value

The intrinsic value of one ONB stock under the Base Case scenario is 27.67 USD. Compared to the current market price of 21.65 USD, Old National Bancorp is Undervalued by 22%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

ONB Intrinsic Value
27.67 USD
Undervaluation 22%
Intrinsic Value
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Old National Bancorp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Old National Bancorp

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Business Breakdown

Old National Bancorp, a prominent player in the Midwest banking sector, has carved out a significant niche with its robust portfolio of financial services aimed at individuals, businesses, and institutions. Founded in 1834 and headquartered in Evansville, Indiana, the company has consistently demonstrated a commitment to community-focused banking. Old National boasts a diverse array of offerings, including traditional banking services, wealth management, and commercial financing, which not only cater to the financial needs of its clients but also enhance the local economies in which it operates. This emphasis on community engagement combined with prudent financial practices has enabled Old N...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Old National Bancorp

Net Loans 36B
Investments 11.8B
PP&E 599.5m
Intangibles 2.3B
Other Assets 2.9B
Total Deposits 40.8B
Short Term Debt 379.9m
Long Term Debt 598.1m
Other Liabilities 5.4B
Earnings Calls

In Q3 2024, Old National Bancorp reported GAAP earnings per share of $0.44, driven by 10.1% annualized core deposit growth and a 4.1% increase in commercial loans. The company's tangible book value per share rose 21% year-over-year. The adjusted return on average tangible common equity stood at a substantial 17%, supported by an efficiency ratio of 51.2%. Despite net charge-offs reaching 19 basis points, credit quality remains strong. Looking ahead, net interest income is expected to grow modestly in Q4, with full-year net income remaining consistent with initial expectations. Management emphasizes a disciplined approach to expense management and continued investment in organic growth.

What is Earnings Call?

Wall St
Price Targets

ONB Price Targets Summary
Old National Bancorp

Wall Street analysts forecast ONB stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ONB is 23.27 USD with a low forecast of 21.21 USD and a high forecast of 25.2 USD.

Lowest
Price Target
21.21 USD
2% Downside
Average
Price Target
23.27 USD
7% Upside
Highest
Price Target
25.2 USD
16% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
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Growth 5Y
Growth 10Y
Dividend Safety Score
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0
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Shareholder Yield

Current shareholder yield for ONB is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Ownership

ONB Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
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ONB News

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Profile

Old National Bancorp Logo
Old National Bancorp

Country

United States of America

Industry

Banking

Market Cap

6.9B USD

Dividend Yield

2.59%

Description

Old National Bancorp operates as a financial holding company. The company is headquartered in Evansville, Indiana and currently employs 2,374 full-time employees. The Company, through its wholly owned banking subsidiary, Old National Bank, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other banking services. Its banking centers focuses on providing a group of community banking services. The company provides treasury management, merchant, health savings, and capital markets services as well as community development lending and equity investment solutions for businesses. Its loans consist primarily of loans made to consumers and commercial clients in various industries, including manufacturing, transportation, mining, wholesaling and retailing. In addition to providing various services in retail and commercial banking, it offers wealth management, investment and capital market services. Its banking centers are located in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota and Wisconsin.

Contact

INDIANA
Evansville
One Main St
+18124641434.0
ir.oldnational.com

IPO

1984-06-20

Employees

2 374

Officers

CEO & Chairman
Mr. James C. Ryan III
President & COO
Mr. Mark G. Sander
Senior EVP & Chief Administrative Officer
Ms. Kendra L. Vanzo
Executive VP & CEO of Commercial Banking
Mr. James A. Sandgren
Senior Executive VP, Chief Strategy Officer & CFO
Mr. John Vincent Moran IV
Chief Operations Officer
Mr. Jeff C. Newcom
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Senior VP & Chief Accounting Officer
Ms. Angela L. Putnam
Chief Information Officer
Mr. Paul S. Kilroy
Senior VP & Director of Investor Relations
Ms. Lynell J. Walton CPA
Executive VP, Chief Legal Officer & Corporate Secretary
Mr. Nicholas J. Chulos
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See Also

Discover More
What is the Intrinsic Value of one ONB stock?

The intrinsic value of one ONB stock under the Base Case scenario is 27.67 USD.

Is ONB stock undervalued or overvalued?

Compared to the current market price of 21.65 USD, Old National Bancorp is Undervalued by 22%.

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