Old National Bancorp

Old National Bancorp

ONBยทNASDAQ

$23.32

-0.22%
Financial ServicesBanks - Regional

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. The company also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2021, it operated a total of 162 banking centers located primarily in the states of Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

At a Glance

Live Snapshot
Market Cap$9.01B
EPS1.8000
P/E Ratio12.95
Earnings Date07/28/2026
Old National Bancorp

Old National Bancorp Fair Value Envelope

ONB ยท NASDAQ

Our analysis suggests that ONB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $23.318, this represents a potential HIDDEN relative to our calculated worth for Old National Bancorp.

Intrinsic Value
Current Price: $23.318

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$17.7B
+ Cash & Equivalents$591.6M
Firm Value$18.3B
- Debt$7.7B
Equity Value$10.6B
/ Shares Outstanding390,773,000B
DCF Value$27
UNDERVALUED BY 16%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$733.7M
$790.0M
$850.6M
$915.8M
$986.0M
$1.1B
$1.1B
$1.2B
$1.3B
$1.4B
Maintenance CapEx
-$9.5M
-$10.2M
-$11.0M
-$11.8M
-$12.8M
-$13.7M
-$14.8M
-$15.9M
-$17.1M
-$18.4M
Owner Earnings
$724.2M
$779.8M
$839.6M
$903.9M
$973.2M
$1.0B
$1.1B
$1.2B
$1.3B
$1.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$670.6M
$668.5M
$666.5M
$664.4M
$662.4M
$660.3M
$658.3M
$656.3M
$654.3M
$652.2M
Terminal Value represents 62.6% of Enterprise Value