# Old National Bancorp (ONB) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Banks. Price $26.04, market value $10.0 billion.

## Valuation
- **P/E (trailing): 11.5×** (5-yr avg 10.6×, 3-yr avg 11.0×). Old National Bancorp trades at 11.5× trailing earnings, close to its own five-year average of 10.6×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 9.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.38**. A PEG of 1.38 is in the range usually read as fairly priced for its growth.
- **Price / sales: 79.3×**. Each dollar of revenue is priced at 79.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 9.4%** (5-yr avg 11.1%). Free cash flow equals 9.4% of the market value, in line with its five-year average of 11.1%. Above 5% is generally attractive.
- **Earnings yield: 8.7%**. The inverse of the P/E: 8.7% of the price is earned each year.

## Profitability
- **Return on equity: 7.9%**. 7.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 0.4%**. Each dollar of assets produces 0.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **EPS growth (1 yr): 6.5%** (3-yr 6.1%/yr, 5-yr 5.6%/yr). Earnings per share rose 6.5%.
- **Free-cash-flow growth (3 yr): -6.4%/yr**. Free cash flow has compounded at -6.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $1.8 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 2.23%** ($0.57 per share, trailing). Old National Bancorp yields 2.23%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 34%** (25% of free cash flow). 34% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 15.2%** (YTD 18.2%, 3-mo 8.7%). The shares are up 15.2% over twelve months including dividends.
- **From 52-week high: -4.8%** (34.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.86** (volatility 26%). Beta of 0.86 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ONB · Page: https://foliofundamentals.com/stocks/onb

Not investment advice.