MARKETS / NASDAQ / Financials / Banks / ONB

NASDAQ · NATIONAL COMMERCIAL BANKS · LARGE CAP

OLD National Bancorp ONB

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Net income

$669.3M

▲ 24.1% YoY

Free cash flow

$637.4M

▲ 7.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Through Old National Bank and its non-bank affiliates, Old National Bancorp provides consumer and commercial banking, wealth management, and capital markets services primarily throughout the Midwest and Southeast regions of the United States. Old National Bancorp had consolidated assets of $72.2 billion at December 31, 2025. At December 31, 2025, Old National Bank operated 346 banking centers located primarily throughout the Midwestern and Southeastern United States, including Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, North Carolina, North Dakota, Tennessee, and Wisconsin. At December 31, 2025, it employed 4,971 full-time equivalent team members. Old National Bank traces its roots to 1834. Since forming its holding company in 1982, it has acquired over 50 financial institutions and other financial services businesses.

Written from the business description in OLD NATIONAL BANCORP /IN/'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

Revenue, FY2025 · full 18-year series below

Compound annual growth

Net income

+16.0%

+24.2%

+19.1%

+21.0%

EPS, diluted

+6.1%

Dividend / share

+0.0%

Returned to shareholders

+6.2%

+11.2%

+7.5%

+18.0%

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

ROE

FY2025 · ROE 9.0%

5%10%

200820162025

Three returns, three denominators.

Return on equity9.0%

Return on assets1.1%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin·

Net margin·

EBITDAUSD 886.3M

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders

USD 296.9M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 637.4

300M600M-100M-200M

200820162025

Net buybacks $M Dividends $M

FY2025 · Dividends 225.1 · Net buybacks 71.8

150M300M-100M-200MDividendsNet buybacks

2008201120142017202020232025

Dividends paidUSD 225.1M

Net buybacksUSD 71.8M

Share of profit44.4%

Consecutive raises·

USD 225.1M in dividends and USD 71.8M in buybacks — 44% of the year's profit went back to shareholders.

Total assetsUSD 72.2B

EquityUSD 8.5B

CashUSD 1.8B

DepositsUSD 55.1B

Equity funds 12% of total assets.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

ONB, 18-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Operating income $B	0.8	0.7	0.8	0.5	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.1	◌	◌	◌	◌	◌	◌
EBITDA $B	0.9	0.7	0.8	0.6	0.4	0.3	0.3	0.2	0.2	0.2	0.2	0.2	◌	◌	◌	◌	◌	◌
Income tax $B	0.2	0.1	0.2	0.1	0.1	0.0	0.1	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	−0.0
Net income $B	0.7	0.5	0.6	0.4	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.1
Free cash flow $B	0.6	0.6	0.5	0.8	0.3	0.2	0.2	0.2	0.2	−0.2	0.0	0.2	0.1	0.1	0.1	0.1	0.0	0.0
EPS, diluted $	1.79	1.68	1.94	1.50	1.67	1.36	1.38	1.22	0.69	1.05	1.00	0.95	1.00	0.95	0.76	0.44	0.14	0.95
Dividend / sh $	0.56	0.56	0.56	0.56	0.56	0.56	0.52	0.52	0.52	0.52	0.48	0.44	0.40	0.36	0.28	0.28	0.44	0.69
Payout %	34	35	31	41	33	41	38	43	76	50	48	46	40	38	37	64	221	97
ROE %	9.0	9.1	10.9	10.5	9.3	7.8	8.6	7.9	4.8	8.1	7.9	7.9	8.6	8.2	7.6	4.4	1.7	8.5
Shares out B	0.39	0.32	0.29	0.29	0.17	0.17	0.17	0.18	0.15	0.14	0.11	0.12	0.10	0.10	0.09	0.09	0.09	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Nine checks were skipped: cost of revenue is not tagged before 2016. Two checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityNational Commercial Banks

Listed onNASDAQ

Incorporated inIndiana

Fiscal year endsDecember 31

Data on record since2008