OLD NATIONAL BANCORP /IN/ ONB
Old National Bancorp, the financial holding company of Old National Bank, our wholly owned banking subsidiary ("Old National Bank"), is incorporated in the state of Indiana, is the sixth largest Midwestern-headquartered bank by asset size with consolidated assets of $72.2 billion at December 31, 2025, and ranks among the top 25 banking companies headquartered in the United States. The Company's corporate headquarters and principal executive office are located in Evansville, Indiana with commercial and consumer banking operations headquartered in Chicago, Illinois. Through Old National Bank and our non-bank affiliates, we provide a wide range of services primarily throughout the Midwest and Southeast regions of the United States. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.27B | $2.60B | $2.21B | $1.45B | $638.6M | $663.3M | $130.8M | $127.4M | $122.4M | $137.3M |
| Interest expense | $2.06B | $1.53B | $1.50B | $1.33B | $42.2M | $67.2M | $126.1M | $94.4M | $58.2M | $44.4M |
| Pre-tax income | $841.4M | $680.4M | $751.3M | $544.7M | $338.9M | $255.6M | $290.4M | $208.7M | $168.7M | $200.4M |
| Income tax | $172.1M | $141.2M | $169.3M | $116.4M | $61.3M | $29.1M | $52.1M | $17.9M | $72.9M | $66.2M |
| Net income | $669.3M | $539.2M | $582.0M | $428.3M | $277.5M | $226.4M | $238.2M | $190.8M | $95.7M | $134.3M |
| EPS, basic | 1.80 | 1.69 | 1.95 | 1.51 | 1.68 | 1.37 | 1.39 | 1.23 | 0.69 | 1.05 |
| EPS, diluted | 1.79 | 1.68 | 1.94 | 1.50 | 1.67 | 1.36 | 1.38 | 1.22 | 0.69 | 1.05 |
| Shares, diluted (wtd. avg.) | $365.5M | $311.0M | $291.9M | $276.7M | $165.9M | $166.2M | $172.7M | $156.5M | $138.5M | $128.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.83B | $1.23B | $1.18B | $728.4M | $822.0M | $589.7M | $276.3M | $317.2M | $290.4M | $255.5M |
| Property, plant and equipment | — | — | — | — | — | — | $490.9M | $485.9M | $458.1M | $429.6M |
| Goodwill | $2.43B | $2.18B | $2.00B | $2.00B | $1.04B | $1.04B | $1.04B | $1.04B | $828.1M | $655.0M |
| Other intangibles | $482.3M | $120.8M | $102.2M | $126.4M | $34.7M | $46.0M | $60.1M | $77.0M | $53.1M | $37.7M |
| Total assets | $72.15B | $53.55B | $49.09B | $46.76B | $24.45B | $22.96B | $20.41B | $19.73B | $17.52B | $14.86B |
| Long-term debt | — | — | — | — | — | — | — | — | $248.8M | $218.9M |
| Total liabilities | $63.66B | $47.21B | $43.53B | $41.63B | $21.44B | $19.99B | $17.56B | $17.04B | $15.36B | $13.05B |
| Retained earnings | $2.41B | $1.97B | $1.62B | $1.22B | $968.0M | $783.9M | $682.2M | $527.7M | $413.1M | $390.3M |
| Total equity | $8.49B | $6.34B | $5.56B | $5.13B | $3.01B | $2.97B | $2.85B | $2.69B | $2.15B | $1.81B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $681.5M | $622.3M | $516.3M | $814.4M | $330.4M | $219.8M | $233.8M | $234.4M | $250.1M | $24.8M |
| Depreciation and amortisation | $44.9M | $38.1M | $38.2M | $36.4M | $27.3M | $28.9M | $26.7M | $23.8M | $22.2M | $16.6M |
| Stock-based compensation | $38.2M | $32.3M | $27.9M | $28.7M | $7.5M | $7.7M | $8.0M | $8.1M | $6.3M | $7.3M |
| Capital expenditure | $44.1M | $30.3M | $38.4M | $37.9M | $48.7M | $30.9M | $37.4M | $33.4M | $37.3M | $224.7M |
| Investing cash flow | -$1.83B | -$1.37B | -$1.82B | -$1.69B | -$1.43B | -$2.14B | -$525.4M | -$271.4M | -$536.4M | -$640.8M |
| Financing cash flow | $1.75B | $802.6M | $1.75B | $777.5M | $1.33B | $2.24B | $250.8M | $63.7M | $321.2M | $651.7M |
| Dividends paid | $225.1M | $191.2M | $180.0M | $177.6M | $92.8M | $92.9M | $89.5M | $82.2M | $72.6M | $67.5M |
| Buybacks | $71.8M | $8.9M | $44.3M | $71.2M | $3.7M | $82.4M | $102.4M | $1.8M | $2.8M | $2.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000707179-26-000010.
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