Old National Bancorp (NASDAQ:ONB) Releases Earnings Results, Beats Estimates By $0.02 EPS

Posted by Brian Himes on Jul 22nd, 2026

Old National Bancorp (NASDAQ:ONB – Get Free Report) issued its quarterly earnings data on Wednesday. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02, FiscalAI reports. The company had revenue of $726.86 million for the quarter, compared to analyst estimates of $716.23 million. Old National Bancorp had a net margin of 18.90% and a return on equity of 11.23%.

Old National Bancorp Price Performance

Shares of NASDAQ ONB opened at $26.17 on Wednesday. Old National Bancorp has a fifty-two week low of $19.39 and a fifty-two week high of $27.32. The company has a market cap of $10.11 billion, a PE ratio of 13.49 and a beta of 0.83. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.93 and a current ratio of 0.94. The business has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $23.96.

Old National Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, June 5th. Old National Bancorp’s dividend payout ratio (DPR) is currently 29.90%.

Hedge Funds Weigh In On Old National Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of ONB. Dimensional Fund Advisors LP grew its position in Old National Bancorp by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,572,298 shares of the bank’s stock worth $392,046,000 after purchasing an additional 67,362 shares during the last quarter. State Street Corp raised its holdings in shares of Old National Bancorp by 5.6% in the third quarter. State Street Corp now owns 16,665,897 shares of the bank’s stock worth $365,816,000 after buying an additional 890,309 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Old National Bancorp by 37.5% during the fourth quarter. First Trust Advisors LP now owns 7,188,766 shares of the bank’s stock worth $160,381,000 after buying an additional 1,961,525 shares during the period. Morgan Stanley lifted its stake in shares of Old National Bancorp by 69.8% during the fourth quarter. Morgan Stanley now owns 6,776,716 shares of the bank’s stock worth $151,189,000 after buying an additional 2,785,474 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Old National Bancorp by 8.3% during the third quarter. Northern Trust Corp now owns 4,444,915 shares of the bank’s stock worth $97,566,000 after buying an additional 342,370 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ONB shares. Keefe, Bruyette & Woods upped their target price on Old National Bancorp from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Truist Financial lifted their price target on Old National Bancorp from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Raymond James Financial started coverage on Old National Bancorp in a research report on Tuesday, July 7th. They issued a “market perform” rating for the company. Stephens upped their price objective on Old National Bancorp from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group raised their price objective on Old National Bancorp from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.55.

Get Our Latest Stock Analysis on Old National Bancorp

About Old National Bancorp

(Get Free Report)

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.