Old National Bancorp (ONB)

NASD · Financial · Banks - Regional · USA

Old National Bancorp is a mid cap company (market value between $2 billion and $10 billion) in the Banks - Regional industry.

Old National Bancorp is a financial holding company providing banking and financial services through Old National Bank and affiliates across the Midwest and Southeast regions. The company offers consumer and commercial lending, deposits, wealth management, trust services, and capital markets solutions to individuals and businesses through multiple banking centers and digital channels.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Old National Bancorp stock.

Our verdict on ONB

Fairly valued: intrinsic value $26.07 per share, market price $24.78, margin of safety 4.9% (as of 2026-10-19).

Book value at 1.15x, the multiple a 10.6% return on equity justifies, blended with earnings, values the shares at $26.07; the price of $24.78 is 5% below that value.

Leak Score: 37/100 on 11 of 12 signals (On Watch).

ETFs with the most weight in ONB

17 more funds hold it; the full list is part of the paid plan.

More on ONB

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Cheaper than ONB in Banks - Regional

123 more in this industry show a wider margin of safety.

Is ONB undervalued or overvalued?

ONB is fairly valued (as of the 2026-10-19 close). Book value at 1.15x, the multiple a 10.6% return on equity justifies, blended with earnings, values the shares at $26.07; the price of $24.78 is 5% below that value.

What is the intrinsic value of ONB?

$26.07 per share (as of the 2026-10-19 close), against a market price of $24.78. That is a margin of safety of 4.9%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Old National Bancorp's Leak Score?

37 out of 100, which we rate "On Watch", on 11 of 12 value investing signals.