Old National Bancorp (ONB)
NEUTRALFundamental
59
Preço
$25.59
Capitalização de Mercado
$9.97B
Parte 1 · Quanto vale a empresa
Visão Geral
Old National Bancorp is the holding company for Old National Bank, a regional bank operating 346 banking centers across the Midwest and Southeast United States. It earns money the way most commercial banks do: taking deposits, making commercial and consumer loans, and charging fees for wealth management, trust and capital-markets services. The bank traces its roots to 1834 and has grown mainly through acquisitions, most recently absorbing Bremer Financial Corporation in 2025.
Como gera receita
Revenue is mostly net interest income: the spread between interest earned on loans and securities and interest paid on deposits and borrowings. Lending covers commercial, commercial real estate, residential and consumer loans. A smaller share comes from noninterest income — service charges on deposit accounts, and fees from wealth management, brokerage and capital-markets activities. Profitability rises when loan demand and interest margins are healthy and falls when credit losses or funding costs increase.
O que impulsiona a procura
Moderadamente cíclicoOld National's earnings depend on the health of the regional economy: unemployment, business confidence and interest rates directly affect loan demand, credit losses and deposit costs. The company states that unfavorable economic conditions have in the past reduced earnings by weakening borrowers' ability to repay, and that tariff and geopolitical uncertainty can add further volatility.
Principais riscos
- Credit losses tied to economic conditions — Old National states that unfavorable or uncertain economic conditions — recession, unemployment, falling real estate values — have adversely affected, and could again affect, borrowers' ability to repay loans and the value of collateral securing them.
- Competition from banks and fintechs — The company competes with banks nationally and locally, and increasingly with financial-technology firms that have obtained bank or industrial-loan charters, which it says makes it harder to compete effectively for clients and deposits.
- Deposit funding and liquidity risk — Old National must maintain adequate deposits and wholesale funding to support lending. It warns that if it cannot maintain or grow deposits, it may face higher funding costs, and unrealized losses in its securities portfolio could affect liquidity.
- Cybersecurity and third-party vendor risk — The bank relies on external vendors and technology systems it does not fully control; a security breach or vendor failure could disrupt operations, expose customer data, and harm results, the company states.
- Capital and regulatory requirements — As a regulated bank holding company, Old National must meet capital adequacy rules set by federal regulators, who can restrict dividends or lending if requirements are not met, and standards can change over time.
Os argumentos a favor
Buyers argue that Old National's growth through acquisitions like Bremer has built a scale advantage across the Midwest and Southeast, that its funding base is diversified across many depositors, and that disciplined underwriting has kept credit costs manageable through past economic cycles.
Os argumentos contra
Sellers fear that continued reliance on acquisitions carries integration risk, that competition from larger banks and fintech lenders pressures margins, and that a downturn in the regional economy or commercial real estate values could raise credit losses faster than reserves can absorb.
Written by the editors, published on 18 de agosto de 2026
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Balanço & Liquidez
Receita
$2.74B
Últimos 12 meses (até 31/03/2026)
Resultado Líquido
$758M
Últimos 12 meses (até 31/03/2026)
Fluxo de Caixa Livre
$637M
Capital Próprio Total
$8.49B
Passivo Total
$63.66B
Rácio de Liquidez
-
Cobertura de Juros
0.43
Dívida/EBITDA
-
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$29.97
Preço Atual
$25.59
Margem de Segurança
+14.6%
Intervalo de Valor Justo
$22.75 - $37.20
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
13.28
ROE
7.9%
Rácio P/B
1.17
P/FCF
13.67
Margem Bruta
-
ROIC
-
Radar de Rentabilidade
Value Creation (Economic Moat)
ROIC
-
WACC
11.9%
ROIC − WACC
-
Critérios de Análise Fundamental
Aprovado (13)
- EPS shows upward trend
- P/FCF 13.67
- P/B Ratio 1.17
- Operating Margin 34.9%
- Positive Free Cash Flow
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- ROE 10.5%
- Revenue Growth 5Y 24.0%
- Analyst Consensus 67% Buy
- PEG Ratio 1.92
- Earnings Quality (OCF/NI) 1.03
Reprovado (10)
- EPS CAGR 3.80%
- Price CAGR 3.58%
- Debt/Equity ratio
- Interest Coverage
- Return on Tangible Assets
- DCF valuation (Overvalued)
- Earnings Surprise avg 2.2%
- Share Dilution 16.5%
- Net Margin Trend 27.7% vs 29.2%
- Piotroski F-Score 3/9
Indisponível (5)
- ROIC NaN%
- Gross Margin NaN%
- Dividend Payout NaN%
- Current Ratio
- Debt/EBITDA
Piotroski F-Score
Preocupações financeiras graves
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A emitir novas ações, diluindo a participação
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. James C. Ryan III | CEO & Chairman | 53 |
| Mr. Timothy M. Burke Jr. | President & COO | - |
| Mr. John Vincent Moran IV | Senior Executive VP & CFO | 49 |
| Ms. Kendra L. Vanzo | Senior EVP & Chief Administrative Officer | 58 |
| Ms. Angela L. Putnam | Senior VP & Chief Accounting Officer | 46 |
| Mr. Matthew T. Keen | Chief Information Officer | 51 |
| Lynell Durchholz CPA | Senior VP & Director of Investor Relations | - |
| Mr. Nicholas J. Chulos | Executive VP, Chief Legal Officer & Corporate Secretary | 65 |
| Ms. Kathy A. Schoettlin | Chief Communications, Culture & Social Responsibility Officer | 54 |
| Mr. James V. Stadler | Chief Marketing Officer | 61 |
Risco de Auditoria
4
Risco do Conselho
5
Risco de Remuneração
1
Risco dos Direitos dos Acionistas
7
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for ONB, sourced from Markets Gazette.