Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits. The company also offers loans, including home equity lines of credit, residential real estate loans, and consumer loans, as well as loans to commercial clients comprising commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. In addition, it provides debit and automated teller machine cards, telephone access and online banking, and other electronic and mobile banking services. Further, the company offers private banking, wealth management, trust, investment advisory, brokerage, and foreign currency services; treasury management, merchant, and capital markets services for businesses; and community development lending and equity investment solutions. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.
Strategic Expansion | Explore Old National Bancorp's $1.4 billion acquisition of Bremer Financial Corp, set to enhance profitability and expand core deposit footprint |
Financial Resilience | Delve into ONB's solid performance, with a P/E ratio of 13.89x, ROE of 9%, and projected EPS growth, showcasing its financial strength |
Market Positioning | Learn how ONB's $7.47B market cap and strategic growth initiatives position it as a significant player in the U.S. Mid-Cap Banks secto |
Analyst Outlook | Discover why analysts set an average price target of $24.43, reflecting confidence in ONB's growth strategy and potential for shareholder value |
Metrics to compare | ONB | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipONBPeersSector | |
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P/E Ratio | 14.2x | 9.9x | 9.1x | |
PEG Ratio | −2.00 | −1.56 | 0.03 | |
Price/Book | 1.2x | 1.1x | 1.0x | |
Price / LTM Sales | 4.3x | 3.0x | 2.7x | |
Upside (Analyst Target) | 19.3% | 15.3% | 12.0% | |
Fair Value Upside | Unlock | 6.0% | 2.6% | Unlock |