ONB

OLD NATIONAL BANCORP

Ticker: ONBFinancialsCommercial Banks
HQ EVANSVILLE, INCIK 707179FY end 12-31Book / share $22.26Shares 386M
Revenue (FY)
$2.52B+33.89%
TTM $2.82B
Op. margin
33.33%-2.76%
TTM 39.80%
Net income
$669.26M+24.12%
TTM $886.28M
Operating cash
$681.47M+9.51%
TTM $986.76M
Free cash flow
$637.41M+7.67%
TTM $940.03M
Return on equity
7.88%-0.63%
TTM 10.32%
Debt / equity
7.32+0.07%
TTM 0.92
Shares outstanding
365.5M+17.51%
TTM 385.7M

The business

Old National Bancorp (NASDAQ: ONB) operates as a financial holding company providing comprehensive banking and financial services throughout the Midwest and Southeast United States. The company's principal subsidiary, Old National Bank, traces its heritage to 1834 and maintains 346 banking centers across Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, North Carolina, North Dakota, Tennessee, and Wisconsin. As of December 31, 2025, Old National Bancorp maintains consolidated assets of $72.2 billion, positioning it as the sixth largest Midwestern-headquartered bank by asset size and among the top 25 banking companies headquartered in the United States.

Old National Bank delivers a full spectrum of financial services including commercial and consumer lending, deposit products, wealth management, trust services, investment advisory, brokerage, capital markets, and treasury management solutions. The company generates interest income from its loan portfolio, which encompasses residential real estate loans, home equity lines of credit, consumer loans, commercial loans, commercial real estate loans, agricultural loans, and lease financing. Fee income derives from loan origination, deposit services, wealth management, and various banking services provided to individual and commercial clients.

The company employs 4,971 full-time equivalent team members and serves clients across its extensive geographic footprint, with significant deposit concentrations in the Chicago-Naperville-Elgin metropolitan area representing 32.8 percent of deposits, followed by Minneapolis-St. Paul-Bloomington at 15.0 percent. Old National has pursued a disciplined acquisition strategy since forming its holding company in 1982, completing over 50 financial institution acquisitions. Recent strategic transactions include the April 2024 acquisition of CapStar Financial Holdings, which contributed $3.1 billion in assets, and the May 2025 acquisition of Bremer Financial Corporation, which added approximately $16.3 billion in assets and strengthened the company's position in Minnesota and North Dakota markets.

The company maintains its website at oldnational.com and operates under extensive federal and state regulatory oversight as a bank holding company and financial holding company registered with the Federal Reserve, with Old National Bank subject to primary regulation by the Office of the Comptroller of the Currency.

Sector
Financials
Industry
Commercial Banks
HQ
EVANSVILLE, IN
FY end
12-31
CIK
707179
SIC
6021
Financial performance · annual
20132025
$-282.31M$564.63M$1.41B$2.26B$3.11B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds OLD NATIONAL BANCORP — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

420
funds hold it
0 of 35
superinvestors hold it
$4.95B
fund-held value
51.5%
of shares held by funds
2
bond issues held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.25%$304.79M
Undiscovered Managers Behavioral Value Fund
UBVLX · UNDISCOVERED MANAGERS FUNDS
3.19%$288.12M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$285.81M
iShares Russell 2000 ETF
IWM · iShares Trust
0.28%$232.48M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.11%$206.45M

Bonds held by funds

Funds report holding 2 issues of OLD NATIONAL BANCORP's debt, $66.57M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 5.88%, maturing 20262036.

IssueCouponMaturesFundsFund-held
Old National Bancorp5.768%Variable2036-02-1550$58.08M
ONB 5.875 09/29/265.875%2026-09-292$8.49M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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