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Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits. The company also offers loans, including home equity lines of credit, residential real estate loans, and consumer loans, as well as loans to commercial clients comprising commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. In addition, it offers debit and automated teller machine cards, telephone access and online banking, and other electronic and mobile banking services. Further, the company offers private banking, wealth management, trust, investment advisory, brokerage, and foreign currency services; treasury management, merchant, and capital markets services for businesses; and community development lending and equity investment solutions. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.5B | - | $669M | $637M | 8.1% | 33.9% | 24.1% |
| 2024 | $1.9B | - | $539M | $592M | 8.8% | 2.7% | -7.4% |
| 2023 | $1.8B | - | $582M | $478M | 10.9% | 6.3% | 35.9% |
| 2022 | $1.7B | - | $428M | $777M | 8.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,727.72 | 1,836.50 | 1,885.48 | 2,524.41 |
| Operating Revenue | - | 1,727.72 | 1,836.50 | 1,885.48 | 2,524.41 |
| Selling General And Administration | - | 627.22 | 642.60 | 693.38 | 852.62 |
| Interest Income | - | 1,454.20 | 2,206.82 | 2,601.65 | 3,269.85 |
| Interest Expense | - | 126.27 | 703.67 | 1,070.87 | 1,211.98 |
| Net Interest Income | - | 1,327.94 | 1,503.15 | 1,530.78 | 2,057.87 |
| Pretax Income | - | 544.73 | 751.30 | 680.44 | 841.39 |
| Tax Provision | - | 116.45 | 169.31 | 141.25 | 172.14 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 19.40 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 428.29 | 581.99 | 539.19 | 669.26 |
| Net Income From Continuing And Discontinued Operation | - | 428.29 | 581.99 | 539.19 | 669.26 |
| Net Income From Continuing Operation Net Minority Interest | - | 428.29 | 581.99 | 539.19 | 669.26 |
| Net Income | - | 428.29 | 581.99 | 539.19 | 669.26 |
| Net Income Common Stockholders | - | 414.17 | 565.86 | 523.05 | 653.12 |
| Net Income Including Noncontrolling Interests | - | 428.29 | 581.99 | 539.19 | 669.26 |
| Normalized Income | - | 357.02 | 581.99 | 539.19 | 669.26 |
| Diluted NI Availto Com Stockholders | - | 414.17 | 565.86 | 523.05 | 653.12 |
| Basic Average Shares | - | 275.18 | 290.75 | 309.50 | 363.51 |
| Diluted Average Shares | - | 276.69 | 291.86 | 311 | 365.46 |
| Reconciled Depreciation | - | 62.29 | 62.34 | 65.63 | 123.60 |
| Total Unusual Items | 0 | 90.67 | 0 | 0 | - |
| Total Unusual Items Excluding Goodwill | 0 | 90.67 | 0 | 0 | - |
| Preferred Stock Dividends | - | 14.12 | 16.14 | 16.14 | 16.14 |
| Gain On Sale Of Security | - | -0.09 | 15.37 | -0.21 | -0.04 |
| Depreciation Amortization Depletion Income Statement | - | 25.86 | 24.16 | 27.53 | 78.66 |
| Depreciation And Amortization In Income Statement | - | 25.86 | 24.16 | 27.53 | 78.66 |
| General And Administrative Expense | - | 594.96 | 603.09 | 647.78 | 797.41 |
| Other Gand A | 57.12 | 18.85 | - | - | - |
| Salaries And Wages | - | 575.63 | 546.36 | 603.10 | 749.01 |
| Insurance And Claims | - | 19.33 | 56.73 | 44.68 | 48.39 |
| Selling And Marketing Expense | - | 32.26 | 39.51 | 45.61 | 55.21 |
| Amortization | - | 25.86 | 24.16 | 27.53 | 78.66 |
| Amortization Of Intangibles Income Statement | - | 25.86 | 24.16 | 27.53 | 78.66 |
| Occupancy And Equipment | - | 154.88 | 138.84 | 147.02 | 177.52 |
| Professional Expense And Contract Services Expense | - | 39.05 | 27.34 | 35.29 | 61.90 |
| Other Non Interest Expense | - | 180.22 | 178 | 177.88 | 288.47 |
| Securities Amortization | - | 10.96 | 15.37 | 13.33 | 26.12 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Old National Bancorpthis co. | ONB | $9.3B | 13.84 | 1.12 | 8.1% | - |
| Riot Platforms, Inc. | RIOT | $10.4B | -15.66 | 3.63 | -23.2% | -37.69 |
| UMB Financial Corporation | UMBF | $9.8B | 13.92 | 1.32 | 9.5% | - |
| FirstCash Holdings, Inc. | FCFS | $9.8B | 29.52 | 4.28 | 14.5% | 12.20 |
| Valley National Bancorp | VLY | $7.6B | 12.78 |
| - |
| - |
| - |
| - |
| - |
| 1.03 |
| 8.0% |
| - |
| Glacier Bancorp, Inc. | GBCI | $6.1B | 25.69 | 1.46 | 5.7% | - |
| United Bankshares, Inc. | UBSI | $6.0B | 12.97 | 1.10 | 8.5% | - |
| Flagstar Bank, National Association | FLG | $5.9B | -33.23 | 0.77 | -2.3% | - |
| Hancock Whitney Corporation | HWC | $5.6B | 11.55 | 1.26 | 10.9% | - |
| Peer Median | - | 12.87 | 1.29 | 8.2% | -12.75 | |