Old National Bancorp (NASDAQ:ONB) Sets New 52-Week High Following Earnings Beat

Old National Bancorp (NASDAQ:ONB)’s share price reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $24.74 and last traded at $24.6450, with a volume of 458870 shares trading hands. The stock had previously closed at $24.02.

The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. The business had revenue of $714.50 million for the quarter, compared to analyst estimates of $705.62 million. Old National Bancorp had a net margin of 17.39% and a return on equity of 10.42%. During the same period in the previous year, the company earned $0.49 earnings per share.

Old National Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, December 5th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. Old National Bancorp’s dividend payout ratio (DPR) is presently 32.75%.

Key Old National Bancorp News

Here are the key news stories impacting Old National Bancorp this week:

• Positive Sentiment: Q4 results beat expectations — adjusted EPS of $0.62 beat consensus and revenue ($714.5M) exceeded estimates; full‑year adjusted EPS and net income set company records, supporting an upgraded near‑term earnings outlook. Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Loan growth and net interest income strength — end‑of‑period loans rose to $48.8B (6.4% annualized) and NII (FTE) increased to $588.8M with NIM roughly stable at 3.65%, indicating core earnings momentum from asset growth. Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Operational efficiency and capital look solid — adjusted efficiency ratio improved to 46.0%, ROATCE near 19.9% (adjusted), preliminary Tier 1 common ~11.08%, and the company repurchased ~1.1M shares, all supportive of returns and buyback optionality. Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Earnings call tone upbeat — management framed results as evidence of durable upside (loan pipeline growth, capital markets, mortgage revenue improvement and integration cost savings), which reinforces investor confidence. Old National Bancorp’s Earnings Call Signals Durable Upside
• Neutral Sentiment: Fixed‑income investor presentation released with capital highlights — useful for bondholders and lenders assessing capital adequacy, but not a direct earnings driver. Old National Bancorp Capital Highlights Fixed Income Investor Presentation
• Neutral Sentiment: Analyst write‑ups and transcripts note momentum but flag areas to watch — independent commentary (Seeking Alpha, Zacks) provides color for models but adds no new company data. ONB Q4 2025 Earnings Call Transcript
• Negative Sentiment: Core deposits contracted (down ~3.2% annualized) with seasonal public‑fund outflows — deposit trends could pressure low‑cost funding and require monitoring as rates and funding mix evolve. Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results
• Negative Sentiment: Credit and provisioning increased modestly — provision of $32.7M and net charge‑offs of $32.1M (0.27% of avg loans); still low but worth watching if economic stress rises. Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results
• Negative Sentiment: One‑off costs from merger and pension items — $24.5M pre‑tax merger charges and a $15.9M pension plan loss reduced GAAP results; investors should focus on adjusted metrics and integration progress. Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results

Wall Street Analyst Weigh In

Several brokerages have weighed in on ONB. Weiss Ratings reissued a “buy (b-)” rating on shares of Old National Bancorp in a report on Monday, December 29th. Barclays set a $29.00 price objective on shares of Old National Bancorp and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Piper Sandler reissued an “overweight” rating and set a $26.00 target price (down previously from $27.00) on shares of Old National Bancorp in a research report on Thursday, October 23rd. UBS Group started coverage on shares of Old National Bancorp in a research note on Monday, December 15th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, TD Cowen upgraded shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.09.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC purchased a new position in Old National Bancorp during the fourth quarter valued at $202,000. Greenleaf Trust acquired a new stake in shares of Old National Bancorp in the fourth quarter valued at approximately $215,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Old National Bancorp in the 4th quarter worth $28,000. Goelzer Investment Management Inc. purchased a new position in shares of Old National Bancorp during the 4th quarter worth $345,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of Old National Bancorp by 811.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,604 shares of the bank’s stock valued at $36,000 after acquiring an additional 1,428 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Old National Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50-day moving average price is $22.40 and its two-hundred day moving average price is $21.96. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 14.47 and a beta of 0.84.

Old National Bancorp Company Profile

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.