Old National Bancorp (NASDAQ:ONB) Hits New 1-Year High After Better-Than-Expected Earnings

Old National Bancorp (NASDAQ:ONB)’s stock price hit a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $24.74 and last traded at $24.6450, with a volume of 458870 shares. The stock had previously closed at $24.02.

The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. Old National Bancorp had a return on equity of 15.06% and a net margin of 17.91%.The company had revenue of $714.50 million during the quarter, compared to analysts’ expectations of $705.62 million. During the same period in the previous year, the business earned $0.49 earnings per share.

Old National Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, December 5th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, December 5th. Old National Bancorp’s payout ratio is presently 32.75%.

Trending Headlines about Old National Bancorp

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

• Positive Sentiment: Q4 and full‑year results beat expectations — adjusted Q4 EPS $0.62 vs. consensus $0.59; Q4 net income $212.6M; loan growth, improved efficiency (adjusted efficiency ratio 46.0%) and strong ROATCE (17.8%). Management cited core deposit growth supporting loan expansion and strong capital ratios. Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Analyst action: RBC raised its price target to $26 (from $25) and kept a “sector perform” rating — implies further upside from current levels and may lend support to the rally. RBC raises price target to $26
• Positive Sentiment: Reputation boost — Old National received the “Customer Confidence Award” in Quavo’s Trust in Banking Awards, a positive for brand and customer perception (minor direct financial impact but supportive for long‑term deposit/retention trends). Old National Receives 2026 Trust in Banking Award
• Neutral Sentiment: Investor materials: Old National posted a fixed‑income investor presentation — useful for bond/income investors but limited immediate equity impact. Old National Bancorp Capital Highlights Fixed Income Investor Presentation
• Neutral Sentiment: Earnings call coverage and transcripts are available — sell‑side/independent writeups summarize management commentary and provide context for near‑term outlook; useful for active investors digging into guidance and pipeline. Old National Bancorp (ONB) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Deposit pressure and one‑offs: core deposits fell ~3.2% annualized in Q4 (seasonal outflows of public funds were cited); the company recorded $24.5M pre‑tax merger‑related charges and a $15.9M pension loss. These items can weigh on near‑term earnings and funding costs. Old National Bancorp (ONB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Credit and provisions: provision for credit losses rose to $32.7M and net charge‑offs increased modestly; while still manageable, any further weakening in asset quality could pressure earnings and capital. (See company release for loan/asset quality detail.) Old National Bancorp Reports Strong Fourth Quarter and Full Year 2025 Financial Results

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen raised shares of Old National Bancorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $27.00 to $30.00 in a report on Thursday. UBS Group started coverage on shares of Old National Bancorp in a research report on Monday, December 15th. They set a “neutral” rating and a $25.00 price target for the company. Truist Financial lowered their price objective on Old National Bancorp from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Piper Sandler reissued an “overweight” rating and set a $26.00 price objective (down previously from $27.00) on shares of Old National Bancorp in a research note on Thursday, October 23rd. Finally, Barclays set a $29.00 target price on Old National Bancorp and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Old National Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $27.18.

Institutional Investors Weigh In On Old National Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC purchased a new position in Old National Bancorp in the 4th quarter worth approximately $202,000. Greenleaf Trust bought a new position in shares of Old National Bancorp in the fourth quarter worth approximately $215,000. Flagship Harbor Advisors LLC purchased a new position in shares of Old National Bancorp in the fourth quarter worth $28,000. Goelzer Investment Management Inc. bought a new stake in Old National Bancorp during the 4th quarter valued at $345,000. Finally, JFS Wealth Advisors LLC raised its holdings in 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 buying an additional 1,428 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Old National Bancorp Stock Up 0.9%

The firm has a market cap of $9.47 billion, a PE ratio of 13.54 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 0.93. The company’s 50-day simple moving average is $22.47 and its two-hundred day simple moving average is $21.98.

About Old National Bancorp

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.