ONB

Old National Bancorp

Financial Services · $9.8B market cap

Verdict

Share price

$24.96

close of Oct 3, 2026

Fair value

$37.97

Sticker Price

Payback Price

$15.19

buy price

Undervalued

ONB is Undervalued: at $24.96 it trades 34% below its fair value of $37.97. Its buy price (Payback Price) is $15.19, 39% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth14.0% a year✓
Equity per share growth4.4% a year✗
Sales growth7.2% a year✗
Free cash flow growth12.1% a year✓
Return on invested capital4.6%✗

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Superinvestors

3 of the investors we track hold ONB. In Q2 2026, 1 added and 1 trimmed. Who we track

Insider activity

Since Jun 30, 2026: no open-market purchases, 2 sales worth $844K and 6 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Old National Bancorp

Old National Bancorp functions as the parent company for Old National Bank, furnishing a wide array of financial services to both individual and commercial clients throughout the United States. Its product portfolio encompasses various deposit accounts, including non-interest-bearing demand, interest-bearing checking, negotiable order of withdrawal (NOW) accounts, savings, money market, and time deposits. The…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works