Wall Street analyst estimates for Old National Bancorp (ONB): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Old National Bancorp functions as the parent company for Old National Bank, furnishing a wide array of financial services to both individual and commercial clients throughout the United States. Its product portfolio encompasses various deposit accounts, including non-interest-bearing demand, interest-bearing checking, negotiable order of withdrawal (NOW) accounts, savings, money market, and time deposits.
Consensus price target
$29.63 (+18 % vs price $25.09)
between $27.00 and $32.00 · 7 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $2.9B | $2.8B – $2.9B | $2.57 | 11 |
| 2027E | $3.0B | $3.0B – $3.1B | $2.81 | 11 |
| 2028E | $3.2B | $3.1B – $3.3B | $3.14 | 9 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 12 |
| Hold | 11 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 23 |
| Avg rating (−2 sell to +2 buy) | 0.52 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-20 | $0.66 | ||
| 2026-10-21 | $0.66 | $0.66 | -0.2% |
| 2026-07-22 | $0.65 | $0.63 | +3.8% |
| 2026-04-22 | $0.61 | $0.60 | +0.8% |
| 2026-01-21 | $0.62 | $0.59 | +5.1% |
| 2025-10-22 | $0.59 | $0.56 | +5.0% |
| 2025-07-22 | $0.53 | $0.51 | +3.9% |
| 2025-04-22 | $0.45 | $0.42 | +7.1% |
Valuation Ratios
| P/E Ratio | 10.12 |
| Price / Book | 1.15 |
| EV / EBITDA | 11.06 |
| Dividend Yield | 2.29% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $650.5M | $672.1M | $813.4M | $929.7M | $902.6M | $852.9M | $1.85B | $2.54B | $2.96B | $3.71B |
| Cost of Revenue | $45.4M | $61.2M | $101.4M | $130.9M | $110.1M | $12.6M | $271.1M | $762.6M | $1.18B | $1.35B |
| Gross Profit | $605.1M | $610.9M | $712.0M | $798.8M | $792.5M | $840.2M | $1.58B | $1.78B | $1.77B | $2.36B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $321.0M | $311.0M | $354.8M | $359.7M | $320.9M | $302.8M | $627.2M | $642.6M | $693.4M | $1.10B |
| Operating Expenses | $404.7M | $442.2M | $503.3M | $508.5M | $536.9M | $501.4M | $1.04B | $1.03B | $1.09B | $1.49B |
| Operating Income | $200.4M | $168.7M | $208.7M | $290.4M | $255.6M | $338.9M | $544.7M | $751.3M | $680.4M | $874.1M |
| EBITDA | $231.0M | $202.7M | $246.9M | $334.0M | $298.6M | $377.5M | $607.0M | $816.6M | $746.1M | $997.7M |
| Interest Expense | $44.4M | $58.2M | $94.4M | $126.1M | $67.2M | $42.2M | $126.3M | $703.7M | $1.07B | $1.21B |
| Pre-tax Income | $200.4M | $168.7M | $208.7M | $290.4M | $255.6M | $338.9M | $544.7M | $751.3M | $680.4M | $841.4M |
| Income Tax | $66.2M | $72.9M | $17.9M | $52.1M | $29.1M | $61.3M | $116.4M | $169.3M | $141.2M | $172.1M |
| Net Income | $134.3M | $95.7M | $190.8M | $238.2M | $226.4M | $277.5M | $428.3M | $582.0M | $539.2M | $669.3M |
| EPS | $1.05 | $0.69 | $1.23 | $1.39 | $1.37 | $1.68 | $1.51 | $1.95 | $1.69 | $1.80 |
| EPS (Diluted) | $1.05 | $0.69 | $1.22 | $1.38 | $1.36 | $1.67 | $1.50 | $1.94 | $1.68 | $1.79 |
| Shares Outstanding (Diluted) | 128.3 M | 138.5 M | 156.5 M | 172.7 M | 166.2 M | 165.9 M | 276.7 M | 291.9 M | 311.0 M | 389.6 M |
Price
| Price | $25.09 (closing price, October 30, 2026) |
| Market Cap | $9.6B |
| Exchange | NASDAQ |
| Country | US |
Related companies: VLY · UBSI · FFBC · NBTB · UCB · PRK
Explore sector: Financial Services · Banks - Regional
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