Old National Bancorp

ONB

CIK 0000707179 · Quarterly mode · latest period FY2026 (Q1) (ending 2026-03-31) · sourced from SEC EDGAR

At a glance · FY2026 (Q1)

Revenue
$877M
↑+39.2% +$247Mvs FY2025 (Q1)
Operating Income
$865M
↑+39.3% +$244Mvs FY2025 (Q1)
Net Income
$234M
↑+61.5% +$89Mvs FY2025 (Q1)
Gross Profit
$877M
↑+39.2% +$247Mvs FY2025 (Q1)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Weak
32/100
  • Profitability
    0Insufficient data
  • Liquidity
    0Insufficient data
  • Leverage
    94D/E 0.12 (under 0.5 = conservative)
  • Efficiency
    0Asset Turnover 0.05x (1.0+ = capital-efficient)
  • Growth
    100Revenue YoY +39.2% (10% = solid, 25%+ = elite)
  • Margin Trend
    0Insufficient data

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project ONB's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

3%

Trailing 3-yr CAGR was -6.4%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$24.35
Total enterprise IV
$8.90B
Diluted shares
0.37B
Terminal PV
$6.27B (70% of total)
Year-5 FCF
$739M
YearProjected FCFDiscounted PV
+1$657M$597M
+2$676M$559M
+3$697M$523M
+4$717M$490M
+5$739M$459M
Terminal$10.10B$6.27B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$51M
investment in PP&E
Dividends paid (TTM)
$237M
cash returned to holders
Stock buybacks (TTM)
$162M
share count reduction
Stock-based comp (TTM)
$33M
non-cash dilution

Balance sheet · 2026-03-31

latest filed snapshot
Total assets
$73.00B
everything owned
Total liabilities
$64.49B
everything owed
Stockholders' equity
$8.51B
shareholder claim
Net debt
$-1.51B
Net cash position ($1.51B)

Recent performance · 69 quarters

Revenue↑+39.2% +$247M
$877M
Net Income↑+61.5% +$89M
$234M
Free Cash Flow↑+88.7% +$91M
$193M

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