Old National Bancorp (ONB) is a financial services company that operates in the banking industry. It was founded in 1834 in Evansville, Indiana, and is currently one of the oldest and largest financial services bank holding companies headquartered in Indiana. Maintaining its community-oriented approach, ONB has grown into a solid regional bank, priding itself on building long-term, highly valued relationships with clients.
As of today, Old National Bancorp has assets worth approximately $20.4 billion with over 180 banking centers across Indiana, Kentucky, Michigan, Minnesota and Wisconsin. The company offers a broad range of banking services, including retail and commercial banking, wealth management, and investment services. This is to cater to the financial needs of customers from various segments ranging from individuals, small and medium-sized enterprises (SMEs), large corporations, to governments and institutions in their operating regions.
Since its inception, ONB has gone through a series of acquisitions and mergers that have helped the company to sustain growth and maintain strong financial positions. These strategic drives aim not only to broaden the bank’s customer base, but also to diversify its service offering portfolio, enhancing the company’s earning ability and increasing shareholder value.
Old National Bancorp has made it its mission to consistently aid the progress and development of its customers, employees and the communities they serve by delivering unparalleled, client-centric banking solutions. ONB underscores that its steadfast commitment to these stakeholders is the core foundation of its longevity and success in the banking industry.
ONB's reputation for integrity, service and strong customer relationships has earned it a number of accolades in the industry. Notably, in 2020, ONB was recognized as one of the 100 Most Sustainable Companies by Barron’s. It was also named among the World’s Best Banks by Forbes in 2020 and 2021.
Old National Bancorp's vision projects it as a bank anchored on values, reinforced with resilience, and focused on opportunity. Under its current leadership, ONB has embarked on a strategic planning to augment its traditional banking with innovative digital solutions – a move aimed at enhancing user experience, boosting operational efficiency, and ultimately driving growth. To the bank, every financial decision and planned strategy is rooted in its commitment to the people and communities it serves.
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Argus has lowered its target price for Old National Bancorp (ONB) to $27.00. The financial services bank holding company, headquartered in Indiana, has nearly $10 billion in assets after its recent acquisition. The current price of ONB stock is $25.01.
RBC Capital has adjusted its price target for Old National Bancorp (ONB) to $28 from $29, while maintaining a Sector Perform rating. The article notes that Old National Bancorp currently holds an average rating of overweight and a mean price target of $29.53 from analysts. Full details of the analysis are behind a premium subscription.
TD Cowen has maintained a 'Buy' rating for Old National Bancorp (ONB) but lowered its price target from $31.00 to $30.00. GuruFocus indicates ONB is currently 2.1% overvalued with a GF Value of $24.38, despite having a strong GF Score of 79/100 driven by profitability and growth. While institutional investors show mixed sentiment, significant insider selling has been observed, prompting a cautious outlook for potential investors.
The Old National Bank Foundation, celebrating its 20th anniversary, has granted $20,000 to Housing Resources, Inc. (HRI) in Milwaukee. HRI is a non-profit organization that prepares individuals and families for successful homeownership through education, counseling, and financial empowerment services. This partnership aims to strengthen communities and expand access to affordable homeownership, reflecting a shared commitment to building stronger financial futures.
Truist Securities has maintained a 'Buy' rating for Old National Bancorp (ONB) and raised its price target from $28.00 to $29.00, reflecting a positive outlook despite the stock being considered 15.8% overvalued by GuruFocus. ONB has a GF Score™ of 67/100, indicating solid overall performance with strengths in profitability and growth, but a weaker financial strength. Investors are advised to consider the overvaluation carefully alongside the positive analyst sentiment.
Old National Bancorp (ONB) recently reported strong Q2 2026 earnings, leading to a share price increase and indicating it might be 10% undervalued. The bank's fair value is estimated at $29.27, higher than its current $26.49, supported by its Bremer Bank partnership and growth in its Midwest/South footprint. However, its concentration in the Midwest and commercial real estate risk could pose challenges to this valuation.